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UGC NET DEC 2012 : MANAGEMENT PAPER III

15 pages, 149 questions, 76 questions with responses, 79 total responses,

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PAPER-III MANAGEMENT Signature and Name of Invigilator 1. (Signature) __________________________ OMR Sheet No. : ............................................... (To be filled by the Candidate) (Name) ____________________________ 2. (Signature) __________________________ (Name) ____________________________ D 17 1 2 1 Time : 2 /2 hours] Number of Pages in this Booklet : 16 Instructions for the Candidates 1. Write your roll number in the space provided on the top of this page. 2. This paper consists of seventy five multiple-choice type of questions. 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given. (iii) After this verification is over, the OMR Sheet Number should be entered on this Test Booklet. 4. Each item has four alternative responses marked (A), (B), (C) and (D). You have to darken the circle as indicated below on the correct response against each item. Example : where (C) is the correct response. 5. Your responses to the items are to be indicated in the OMR Sheet given inside the Booklet only. If you mark at any place other than in the circle in the OMR Sheet, it will not be evaluated. 6. Read instructions given inside carefully. 7. Rough Work is to be done in the end of this booklet. 8. If you write your Name, Roll Number, Phone Number or put any mark on any part of the OMR Sheet, except for the space allotted for the relevant entries, which may disclose your identity, or use abusive language or employ any other unfair means, you will render yourself liable to disqualification. 9. You have to return the test question booklet and Original OMR Sheet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. You are, however, allowed to carry duplicate copy of OMR Sheet on conclusion of examination. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table etc., is prohibited. 12. There is no negative marks for incorrect answers. D-17-12 Roll No. (In figures as per admission card) Roll No.________________________________ (In words) [Maximum Marks : 150 Number of Questions in this Booklet : 75 1. 2. - 3. , - - , : (i) - - (ii) - / - - (iii) OMR - 4. (A), (B), (C) (D) : (C) 5. OMR OMR , 6. 7. (Rough Work) 8. OMR , , , , , 9. - OMR OMR 10. / 11. ( ) 12. 1 P.T.O. MANAGEMENT PAPER III Note : This paper contains seventy five (75) objective type questions of two (2) marks each. All questions are compulsory. 1. Which of the following is not one of the important objectives of Financial Management ? (A) Profit maximisation (B) Wealth maximisation (C) Value maximisation (D) Social responsibility 6. Selection is the process in which candidates for employment are divided into two classes those who are to be offered employment and those who are not. This is stated by (A) Dale Yoder (B) Milton M. Mandell (C) R.D. Agarwal (D) Edwin Flippo 2. For make or buy decision , cost is to be considered ? (A) Marginal cost (B) Total cost (C) Fixed cost (D) None of the above 7. Who defines advertising as any paid form of non-personal presentation and promotion of ideas, goods and services by an identified sponsor ? (A) Philip Kotler (B) C.K. Prahlad (C) Chartered Institute of Marketing (D) American Marketing Association 3. Which is the method applied for measuring GNP ? (A) Income method (B) Expenditure method (C) Value Added method (D) All of the above 8. The exchange rate between the currencies of two countries will be equal to the ratio of the price indices in these countries is explained by (A) Inflation adjustment (B) Purchase power parity (C) Interest rate parity (D) Transaction exposure 4. Which of the following project appraisal method is not based on time value of money ? (A) Payback method (B) Net present value method (C) Internal rate of return method (D) Discounted payback method 9. The ultimate mission or purpose is to relate human resources to future enterprise needs, so as to maximize the future return on investment in human resources. It is referred as (A) Demand and Supply (B) Forecasting (C) Human Resource Planning (D) Human Resource Development 10. Other things being equal an increase in income leads to a decrease in demand for (A) Superior Goods (B) Inferior Goods (C) Both (A) and (B) (D) None of the above 5. which Micro, Small and Medium Enterprises Development Act, 2006 is related to (A) Industrial Policy (B) Investment Limit (C) Business Opportunities (D) None of these Paper-III 2 D-17-12 III : (75) - (2) 1. 6. , ? (A) ? (B) (A) (C) (B) . (C) . . (D) (D) 2. 7. , ? - ? (A) (A) (B) (B) . . (C) (C) (D) (D) 8. 3. . . . (GNP) ? (A) ? (B) (A) (B) (C) - (C) (D) (D) 4. 9. ? (A) ( ) (B) (A) (C) - (B) (D) (C) (D) 5. , 10. , 2006 ? (A) (A) (B) (B) (C) (C) (A) (B) (D) (D) D-17-12 3 Paper-III 11. 12. 13. 14. 15. 16. Hind Mazdoor Sabha established in which year ? (A) 1940 (B) 1942 (C) 1948 (D) 1952 17. 18. Paper-III 4 Making profit by taking advantage of different prices prevailing in different markets is referred as (A) Hedging (B) Speculation (C) Arbitrage (D) Gambling 23. If the regression coefficient B in Y = A + B X is equal to zero, then the regression line will (A) pass through the origin (B) be parallel to the x-axis (C) be parallel to the y-axis (D) Neither intersect x-axis nor y-axis In production control, scheduling includes (A) Deciding about the time when the production will reach various departments. (B) Estimating the time to be consumed in these departments. (C) How much time will be taken in transferring production from one department to another. (D) All of the above. 22. The cost of equity can be measured as (A) Rate of interest (1 t). (B) Rate of dividend (1 t). (C) Rate of dividend (Face value Issue Price) n D1 (D) P + g 0 In investment decision, is associated with (A) Return (B) Risk (C) Return and Risk (D) None of the above 21. At which stage of new product development process, the launching of New Product will take place ? (A) Business Analysis (B) Commercialization (C) Test Marketing (D) Marketing Strategy Development The four systems of Management in terms of Leadership styles are related to (A) Blake and Mouton (B) Philip Kotler (C) Peter F. Drucker (D) Rensis Likert 20. A market structure which consists of one buyer and one seller is referred as (A) Monopsony (B) Bilateral monopoly (C) Monopoly (D) Duopoly Which of the following provides direction, serves as standards for evaluating performance and motivates members of the organization ? (A) Mission (B) Values (C) Objectives (D) Goals 19. The evaluation of Business activities and behaviour as right or wrong is called (A) Corporate Governance (B) Business Ethics (C) Social Responsibility (D) None of the above An entrepreneurial person employed by a corporation and encouraged to be innovative and creative is referred to as (A) Competitor (B) Supplier (C) Entrepreneur (D) Intrapreneur Gegabyte refers to (A) 1024 Bytes (B) 1024 Kilobytes (C) 1024 Megabytes (D) 102400 Bytes D-17-12 11. 12. 13. 14. 15. (A) (B) (C) (D) 17. - , ? (A) (B) (C) (D) 18. , ? (A) (B) (C) (D) 19. ? (A) (B) (C) . (D) 20. ? (A) (B) (C) (D) 21. , ( ) (A) (B) (C) (D) 22. (A) ( ) (B) (C) (D) 23. (A) 1024 (B) 1024 (C) 1024 (D) 102400 1940 1942 1948 1952 (A) (B) (C) (D) , (A) (B) (C) (D) ? (A) (B) (C) (D) ? (A) (1 t) (B) (1 t) ( ) (C) n (D) 16. ? D1 P0 + g Y= A + B X (B) (A) (B) - (C) - (D) - D-17-12 5 Paper-III 24. 25. 26. 27. Environmental issues can be managed by (A) Investing in environment friendly process or products. (B) Managing environmental regulations. (C) Investing in environmental performance improvement. (D) All of the above. 30. 31. 28. 35. Selection of specific media in which advertisements will be run and when they will be run to reach the target market is called (A) Advertising (B) Public Relations (C) Media Planning (D) Publicity Match the following : List I List II a. Functional 1. F.W. Taylor Organisation b. Transactional 2. Mc Clelland Analysis c. Managerial 3. Eric Berne Grid d. Need Theory 4. Blake and Mouton Codes : a b c d (A) 1 3 4 2 (B) 1 2 3 4 (C) 4 3 2 1 (D) 2 1 4 3 Which of the following is not a Trading block ? (A) NAFTA (B) ASEAN (C) SAARC (D) IMF The number of subordinates a superior can effectively handle is called (A) Organising people (B) Span of control (C) Direction (D) Coordination 29. The Government of India established the Small Industries Development Organisation (SIDO) in the year : (A) 1951 (B) 1972 (C) 1954 (D) 1982 34. Which level of Managers translate the corporate strategy into concrete objectives for their individual business ? (A) Business level (B) Corporate level (C) Multi-Business level (D) Functional level Which communication component is not a paid form of communication ? (A) Advertising (B) Sales promotion (C) Personal selling (D) Publicity 33. Among the following financial derivatives, which involves the least risk for the holder ? (A) Forward (B) Option (C) Futures (D) Swap With reference to Working Capital Management, the term float relates to (A) Inventory Management (B) Receivables Management (C) Cash Management (D) Marketable Securities 32. A formal document of what the entrepreneur intends to do to sell enough of the firm s product or service to make a satisfactory profit is called (A) Long range plan (B) Strategic plan (C) Business plan (D) None of the above Statistical Quality Control requires determination of (A) Quality tolerance limit (B) Quantity measurement (C) Production lead time (D) Inventory carrying cost Paper-III 6 D-17-12 24. ? (A) (B) (C) (D) 25. , ? (A) (B) (C) (D) 26. ? (A) (B) (C) (D) 27. ? (A) (B) (C) - (D) 28. 29. (A) (B) (C) (D) 31. ( ) (A) (B) (C) (D) - 32. ? (A) (B) (C) (D) 33. (SIDO) ? 30. (A) 1951 (C) 1954 34. , (A) (B) (C) (D) D-17-12 : - I - II a. 1. . . 2. b. 3. c. d. 4. : (A) (B) (C) (D) - (A) (B) (C) (D) 35. 7 (B) 1972 (D) 1982 a 1 1 4 2 b 3 2 3 1 c 4 3 2 4 d 2 4 1 3 - ? (A) (NAFTA) (B) (ASEAN) (C) (SAARC) (D) (IMF) Paper-III 36. 37. 38. Takeover generally involves (A) the acquisition of part of an undertaking to enable the acquirer to increase the market share of the product concerned. (B) the acquisition of certain block of equity capital of a company which enables the acquirer to exercise control over the affairs of the company. (C) taking over the responsibility to have trade agreement for finished product. (D) taking over certain long-term liabilities of another group company to help it financially. 39. 40. Paper-III GATT stands for (A) General Accord on Tariff and Trade (B) Generous Agreement on Trade and Tariff (C) General Agreement on Tariff and Trade (D) Generalist Agreement on Trade and Tariff 42. People who take the risks necessary to organize, manage and receive the financial profits and non-monetary rewards are called (A) Suppliers (B) Employees (C) Competitors (D) Entrepreneurs 43. A Marketing database is built as an aid to (A) Market research (B) Product-mix expansion (C) Reducing cost of production (D) Price hike 44. 8 The process of determining the tasks that make-up a job and the skills, abilities and responsibilities needed to perform the job is called (A) Job Analysis (B) Job Description (C) Job Enrichment (D) All of the above 41. Which of the following is not a function of distribution agency ? (A) Transportation (B) Servicing (C) Inventorying (D) Manufacturing Cars are parked in a very big parking lot. A researcher is required to estimate the proportion of cars that are red or the proportion of cars that are from a Japanese manufacturer. Which of the following statement is not correct ? (A) A convenience sample of cars parked near the gate may give a biased estimate of the proportion of cars which are from a Japanese Manufacturer. (B) Different investigators may get different estimates for the proportion of cars that are red. (C) The sample proportion of cars that are red is an unbiased estimate of the population proportion if the sampling method is simple random. (D) A sample of 100 cars in a convenience sample is always better than a sample of 20 cars from a proper random sampling method. Who is father of Administrative Management Theory ? (A) Max Weber (B) Frank Gilbraith (C) Henry Fayol (D) Henry Gantt The model that applies to Economic Order Quantity for Inventory Management, was proposed to be applied to Cash Management by (A) Miller and Orr (B) William J. Baumol (C) William Sharpe (D) David Durand D-17-12 36. 37. 38. ( ) : (A) (B) (C) - (D) 39. , , (A) (B) (C) (D) 41. (GATT) (A) (B) (C) (D) 40. ? (A) (B) (C) (D) , , - , (A) (B) (C) (D) 43. - (A) - (B) - (C) (D) 44. , ? (A) (B) . (C) (D) 42. ? (A) (B) (C) , (D) 100 , , D-17-12 ? (A) (B) (C) (D) 9 Paper-III 45. If a hypothesis is statistically significant, then it is concluded that (A) the observed result is probably not due to chance. (B) the observed result is probably a chance result. (C) the observed result cannot possibly be due to chance. (D) the null hypothesis of no relationship is probably true. 46. 48. 51. The problem of industrial discipline was debated by the Indian Labour Conference (ILC) held in India in (A) 1948 (B) 1952 (C) 1957 (D) 1960 53. The Branding strategy which uses a different brand name for each product is known as (A) Overall Family Branding (B) Line Family Branding (C) Individual Branding (D) Brand Extension 54. In production management, dispatching includes : (A) Giving work to machines and places. (B) Providing materials, tools, etc. to works. (C) Issuing appropriate orders for production process. (D) All of the above. In which stage of New product development process, the product and marketing programs are tested in realistic market settings ? (A) Concept Development and Testing (B) Idea Screening (C) Test Marketing (D) Commercialization 52. Recruitment is concerned with (A) Selecting the right candidate (B) Developing a pool of job candidates (C) Getting applications (D) None of the above Which Business unit generates substantial cash surpluses due to low industrial growth rate and high market share ? (A) Dog (B) Cash Cow (C) Question Mark (D) Star The by (A) (B) (C) (D) In which stage of product life cycle, the company takes decision whether to maintain, harvest or drop the product ? (A) Introduction (B) Growth (C) Maturity (D) Decline 47. 50. 49. Which of the following is the internal sources of recruitment ? (A) Advertisement (B) Selection (C) Both (A) and (B) (D) None of the above Paper-III 10 two factor theory was propounded Frederick Herzberg A.H. Maslow Mc Gregor Elton Mayo D-17-12 45. 46. 47. (A) : (B) : (C) (D) : 50. 51. , ? (A) (B) (C) (D) 52. - , ? (A) (B) (C) (D) ? (A) (B) (C) (D) ( . . .) ? (A) (B) (C) - (D) 48. 11 , (A) (B) (C) (D) 54. ? (A) (B) (C) (A) (B) (D) D-17-12 1948 1952 1957 1960 53. (A) (B) , (C) (D) 49. (A) (B) (C) (D) (A) (B) . . (C) (D) Paper-III 55. 56. 57. Match the following a. Percentage change in quantity demanded to percentage change in price. b. Percentage change in demand to percentage change in the price of some other commodity. c. Homogeneous products d. Relationship between quantity of the product demanded and factors that affect the quantity. Codes : a b c d (A) 3 4 1 2 (B) 4 3 1 2 (C) 3 2 1 4 (D) 4 2 1 3 58. 59. Today s organizations are working on the principle of (A) Production-orientation (B) Product-orientation (C) Selling-orientation (D) consumer-orientation 60. Identify the correct sequence of control cycle : (A) Feedback Evaluation Adjustment Action. (B) Action Evaluation Feedback Adjustment. (C) Action Feedback Evaluation Adjustment. (D) Adjustment Action Feedback Evaluation. Negotiation of labour contract by Union and Management is referred to as (A) Industrial Relations (B) Trade Union (C) Consumerism (D) Collective Bargaining Goods used by an organization in producing other goods is called (A) Consumer goods (B) Industrial goods (C) Speciality goods (D) None of the above The outside third party who is brought into settle a dispute, and he or she has the authority to make a decision is called (A) Government (B) An Arbitrator (C) Union (D) Legal Expert 1. Perfect competition 2. Market demand 3. Price elasticity 4. Cross elasticity 61. F.W. Taylor has done the following studies for improving the production process : (A) Time Study, Fatigue Study and Fatal Study. (B) Time Study, Motion Study and Fatal Study. (C) Time Study, Motion Study and Fatigue Study. (D) Time Study, Motivation Study and Fatigue Study. 62. 63. Which one is not the overseas market entry strategy followed by Multinational Corporations ? (A) Franchise (B) Collaborations (C) Joint venture (D) Strategic planning Paper-III Benefits provided for temporary and permanent disability disfigurement, medical expenses and medical rehabilitation is referred to as (A) Fringe benefits (B) Financial incentives (C) Workers compensation (D) None of the above 12 D-17-12 55. : a. 1. b. 2. 3. c. 58. 59. 4. : d. (A) (B) (C) (D) 56. 57. a 3 4 3 4 b 4 3 2 2 c 1 1 1 1 60. d 2 2 4 3 61. . . : (A) , , (B) , , (C) , , (D) , , 62. - ? (A) (B) (C) (D) D-17-12 63. 13 , , (A) (B) (C) (D) ? (A) (B) (C) (D) - : (A) (B) (C) (D) - (A) (B) (C) (D) , (A) (B) (C) (D) , , (A) (B) (C) (D) Paper-III 64. Marketing information system gathers information from internal sources like marketing intelligence and marketing research to help the manager in (A) Assessing the information needs. (B) Developing the needed information. (C) Distributing the information. (D) All of the above. 65. 67. 70. Changes in the population characteristics such as age, gender, marital status, income and education are the examples of (A) Demographic characteristics (B) Cultural characteristics (C) Geographic characteristics (D) None of the above 72. ESI Act applies to (A) Railways and Mines Industries (B) Seasonal Factory Workers (C) Cement Industries (D) None of the above 73. Porter and Lawler model is related to (A) Perception (B) Attitudes (C) Motivation (D) Leadership 74. Which of the following is the best technique to manage the existing products ? (A) Ansoff matrix (B) BCG matrix (C) Mc Kinsey 7s Framework (D) Five forces of competition 75. Batch production is appropriately applicable to (A) Medicine production (B) Sugar production (C) Petroleum products (D) Agriculture produce A written statement of the human qualification, education and experience needed to perform a job is referred to as (A) Job enrichment (B) Job specification (C) Job design (D) Job description 71. One-level channel consists of (A) Producer-consumer (B) Producer-dealer-consumer (C) Producer-dealer-retailerconsumer (D) Producer-dealer-wholesalerretailer-consumer Which one of the following is not a basic element in the Strategic Management ? (A) Environmental scanning (B) Strategy formulation (C) Strategy implementation (D) Functional strategy One of the acceptable methods for obtaining feedback of training is called (A) Structured Interview (B) Performance After Training (C) Improvement After Training (D) Employee Turnover Rate In which year WTO came into being ? (A) 1980 (B) 2000 (C) 2006 (D) 1995 66. 69. 68. Match the following : a. Harry Markowitz 1. Dividend Theory b. David Durand 2. CAPM c. Dow 3. Capital structure d. M.J. Gordon 4. Technical Analysis Code : a b c d (A) 4 3 2 1 (B) 2 3 4 1 (C) 2 1 3 4 (D) 3 2 4 1 Paper-III 14 D-17-12 65. : (A) (B) (C) (D) 67. 68. ? (A) (B) (C) (D) 70. (A) (B) (C) (D) , , , (A) (B) (C) (D) 72. . . (A) (B) (C) (D) 73. (A) (B) (C) (D) 74. ? (A) (B) . . . (C) 7s (D) 75. (A) (B) (C) (D) (WTO) ? (A) (B) (C) (D) 66. 69. 71. 64. 1980 2000 2006 1995 - : (A) - (B) - - (C) - - - (D) - - - - (A) (B) (C) (D) : 1. a. b. 2. (CAPM) c. 3. d. . . 4. : (A) (B) (C) (D) D-17-12 a 4 2 2 3 b 3 3 1 2 c 2 4 3 4 d 1 1 4 1 15 Paper-III Space For Rough Work Paper-III 16 D-17-12

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