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UGC NET DEC 2012 : MANAGEMENT PAPER II

11 pages, 99 questions, 40 questions with responses, 41 total responses,

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PAPER-II 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 : 1 /4 hours] Number of Pages in this Booklet : 12 Instructions for the Candidates 1. Write your roll number in the space provided on the top of this page. 2. This paper consists of fifty 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 Paper I 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 : 100 Number of Questions in this Booklet : 50 1. 2. - 3. , - - , : (i) - - (ii) - / - - (iii) OMR - 4. (A), (B), (C) (D) : (C) 5. I OMR OMR , 6. 7. (Rough Work) 8. OMR , , , , , 9. - OMR OMR 10. / 11. ( ) 12. 1 P.T.O. MANAGEMENT Paper II Note : This paper contains fifty (50) objective type questions, each question carrying two (2) marks. Attempt all the questions. 1. 5. Match List I with List II and select the correct answer using the codes given below the lists : List I List II a. Cost Function 1. Kinky Demand Curve b. Supply 2. Isoquants Function c. Production 3. Engineering Function Method d. Oligopoly 4. Factor Prices Codes : a b c d (A) 3 4 2 1 (B) 4 3 1 2 (C) 3 2 1 4 (D) 1 2 3 4 6. When analysing your business and its environment, it is useful to carefully inspect (A) Threats (B) Opportunities (C) Strengths and weaknesses (D) All of the above 7. Which of the following is an example of an external threat ? (A) Decreased competition (B) New Trade Regulations (C) Global Sales Potential (D) Economies of Scale 8. The term Opportunity Cost refers to Expectancy Theory of Motivation was propounded by (A) Porter and Lawler (B) McGregor (C) Vroom (D) J. Stacy Adams (A) Variable Cost (B) Short-run cost (C) The cost forgone in favour of production of another product (D) Cost related to an optimum level of production 2. If two commodities are complementary, then a rise in the price of one commodity will induce (A) A rise in the price of the other commodity (B) An upward shift of demand curve (C) No shift in demand for the other commodity (D) A backward shift in demand for the other commodity 3. What is the characteristic of a purely competitive market ? (A) Large number of buyers and sellers (B) A few sellers (C) A few buyers (D) Abnormal profit 4. Willingness to pay minus actual payment is called (A) Consumer s surplus (B) Producer s surplus (C) Utility cost (D) Supplier s surplus Paper-II 2 D-17-12 II : (50) - (2) 1. ? (A) (C) (D) 2. (B) (B) (D) b 4 3 2 2 c 2 1 1 3 d 1 2 4 4 6. / (A) (B) (C) (D) 7. ? (A) (B) (C) (D) 8. ? (A) (B) (C) (D) . (A) (B) (C) (D) 4. a 3 4 3 1 (C) I II : I II a. 1. b. 2. c. 3. d. 4. : (A) (B) (C) (D) (A) 3. 5. , (A) (B) (C) (D) D-17-12 3 Paper-II 9. Which one of the following is not a step in planning ? (A) Establishing objectives (B) Developing premises (C) Determining alternative courses (D) Identifying needs of employees 10. Planning is looking ahead control is (A) Scanning environment (B) Looking back (C) Setting targets (D) Defining objectives 11. 12. 13. 14. 15. 16. The goal of financial management is to (A) Maximise the wealth of Preference Shareholders (B) Maximise the wealth of Debentureholders (C) Maximise the wealth of Equity shareholders (D) All of the above 17. The Internal Rate of Return (IRR) is determined where (A) the Net Present Value is positive (B) the Net Present Value is negative (C) the Net Present Value is zero (D) None of the above 18. The Tax shield would result in i. increase in tax liability ii. increase in EPS iii. decrease in EPS iv. decrease in tax liability Codes : (A) (ii) and (iv) (B) (i) and (iii) (C) (i) and (iv) (D) (iii) and (iv) 19. Which of the following is a main method of issue of stocks ? (A) Vendor placing (B) Public issue through Prospectus (C) Private placements (D) None of the above and Human Resource Management (HRM) is a part of the broad Human Resource Development (HRD) System, as this focus to (A) Selection, Induction, Training and Development (B) Operational and Organisational Options (C) (A) and (B) above (D) None of the above Performance Appraisal is a double edged tool to (A) Create space for the employee to organisationally survive. (B) Offering challenges for promotion. (C) Accompanying the course of Demotion. (D) All of the above. Wage determination is mostly done through tools which are (A) Objective (B) Subjective (C) Both of (A) & (B) (D) None of these Job Evaluation criterion comes from (A) Job manual (B) Job description (C) Job specification (D) Job duration Paper-II Exit Policy primarily emphasises in the broad sense, for policy makers as (A) Removing employees (B) Down sizing (C) Retiring people and Rehabilitating them (D) Bringing new blood to the Corporate 4 D-17-12 9. ? (A) (B) (C) (D) 15. ( ) : : (A) (B) (C) (D) 10. (A) (B) (C) (D) 16. 11. ( ) ( ) (A) , , (B) (C) (A) (B) (D) (A) (B) (C) (D) 17. IRR ( ) (A) (B) (C) (D) 18. - ( ) : i. ii. iii. iv. - : (A) (ii) (iv) (B) (i) (iii) (C) (i) (iv) (D) (iii) (iv) 19. ? (A) (B) (C) (D) 12. (A) (B) (C) (D) 13. (A) (B) (C) (A) (B) (D) 14. (A) (B) (C) (D) D-17-12 5 Paper-II 20. The Capital Asset Pricing Model (CAPM) establishes the relationship between (A) Risk and EPS (B) Risk and value of the firm (C) Risk and the required rate of return (D) None of the above 25. The scientific system of collecting and analysis of data pertaining to market is known as (A) Production Research (B) Advertising Research (C) Marketing Research (D) None of the above 21. Marketing is a human activity directed at satisfying needs and wants through Exchange process ; is the statement of (A) Cundiff ad Still (B) Kenneth Andrews (C) Philip Kotler (D) Kishwar S. Kan 26. Which one of the following is not the function of Production Management ? (A) Production, Planning and Control (B) Procurement of Raw Materials (C) Market Intelligence and Survey (D) Plant Location and Layout 22. Promotion mix includes (A) Advertising, publicity, personal selling and sales promotion (B) Physical attributes, brand, package and product life cycle (C) Brand name, product benefits, delivery and credit (D) Transportation, material handling, packaging and customer service 27. Time study refers to (A) Developing a standard time to do a particular task (B) Improving work methods (C) Value analysis (D) Value engineering 28. Acceptance Quality level is (A) Maximum number of defectives that the consumers will accept (B) Fraction defective(s) that the consumer considers acceptable (C) Fraction defective(s) that the producer considers acceptable (D) Maximum number of defectives that the producer will allow 29. In a transportation problem involving 10 origins and 5 destinations, the number of constraints representing origin capacity and destination requirements is equal to (A) 50 (B) 49 (C) 15 (D) 14 23. Which of the following is not the stage of product life cycle ? (A) Introduction (B) Growth (C) Market segmentation (D) Decline 24. Which is the basic form of Innovation ? (A) Introduction of novel production process (B) Improvement and development of existing process (C) Improvement and development of existing firm (D) All of the above Paper-II 6 D-17-12 20. (CAPM) : (A) (B) (C) (D) 25. (A) (B) (C) (D) 21. 26. ? (A) , (B) (C) (D) 27. (A) (B) (C) (D) 28. (A) (B) (C) (D) 29. 10 5 (A) 50 (B) 49 (C) 15 (D) 14 22. 23. 24. ? (A) (B) (C) (D) . (A) , , (B) , , - (C) , , (D) , , ? (A) (B) (C) (D) ? (A) (B) (C) (D) D-17-12 7 Paper-II 30. The critical path of a network is (A) for which earliest start time and latest start time are same (B) the shortest time path through a network (C) for which earliest finish time and latest finish time are same (D) the longest time path through a network 31. If a person buys one ticket of a State lottery, then the probability that he wins a price is 0.11. If a person buys one ticket each month for five months, what is the probability that he will win least one price ? (A) 0.55 (B) 0.50 (C) 0.44 (D) 0.56 32. 33. 34. 35. Paper-II Name the factors taken into consideration in Internal Analysis (A) Firm Resources (B) Objective, plans and policies of the firm (C) The type of business involved (D) All of the above 38. 8 What describes the market, product and technological areas of business ? (A) BCG Matrix (B) GE Nine Cell Matrix (C) 7 s framework (D) Company s Mission 37. A store manager is trying to explore the relationship between percentage fat content (Y) and price (X) of various dairy products. He finds that the coefficient of determination is 0.4624 and the estimated regression line is Y = 0.5 0.02 X. The coefficient of correlation would be (A) 0.68 (B) 0.68 (C) 0.02 (D) 0.4624 Which of the following devices would be considered a typical sequential access medium ? (A) Magnetic Hard Disk (B) Magnetic Floppy Disk (C) Magnetic Tape (D) CD ROM 36. The standard error of the mean of a random sample of size two or more. (A) Always exceeds the population standard deviation. (B) Either exceeds or equals the population standard deviation. (C) Is always lower than the population standard deviation (D) Is always equal to the population standard deviation. Which of the following statement on testing of hypothesis is always true ? (A) When the null hypothesis is rejected at 5%, it is always rejected at 1% level of significance. (B) When the null hypothesis is rejected at 1%, it is also rejected at 5% level of significance. (C) When the null hypothesis is not rejected at 1%, it is rejected at 5% level of significance. (D) No definite assertion can be made. Diversification is to a new business area that has no obvious connection with any of the company s existing areas refer to (A) Forward integration (B) Backward integration (C) Conglomerate diversification (D) Concentric diversification D-17-12 32. 33. (Y) (X) 0.4624 Y = 0.5 0.02 X - (A) (B) (C) (D) D-17-12 0.68 0.68 0.02 0.4624 9 , ? (A) (B) . . (C) 7 (D) , : (A) (B) , (C) (D) 38. (A) (B) (C) (D) ? (A) (B) (C) (D) 37. 0.11 , , ? (A) 0.55 (B) 0.50 (C) 0.44 (D) 0.56 , , ? (A) 5% , ( ) 1% (B) 1% 5% (C) 1% 5% (D) 35. (A) (B) - ( - ) (C) ( ) (D) ( ) 31. 34. 36. 30. , (A) (B) (C) (D) Paper-II 39. Which business unit generates substantial cash surplus due to low industry growth rate and high profit share ? (A) Dog (B) Cash cow (C) Question mark (D) Star 40. Who plays an important role in the success of products and services and in increasing the marketing share of the firm in business ? (A) Functional level Managers (B) Corporate level Managers (C) Business level Managers (D) All of the above 41. 43. The book Innovation Entrepreneurship is written by (A) Harold Koontz (B) Blake and Mouton (C) Peter F. Drucker (D) None of the above 44. 45. Which of the following is not the act of Corporate Governance ? (A) Protecting the interest of shareholders (B) Protecting the interest of employees (C) Fudging of Accounts (D) Paying Taxes to the Government 50. Corporate Social Responsibility (CSR) is looked as the organised network of making long economic and social relationship of the corporate with the society. But a business of which type, as mentioned below, cannot afford for it, at the first instance ? (A) Large Business (B) Medium Business (C) Small Business (D) A Business Start-up and Name the Author of Equity Theory of Motivation. (A) Blake & Mouton (B) Strube & Garcia (C) Stancy Adams (D) Albert Bandura Paper-II Company seeking ethical standard must purport to (A) Good Employee Relation (B) Better Production Portfolio (C) Economy of Scale (D) Public Disclosure and Publishing 49. State Financial Corporation Act encourages in (A) Establishing Industrial Estates (B) Establishing small and medium size industries (C) Establishing Agricultural Farms (D) All of the above Ethics provide (A) Consumer Autonomy (B) CSR (C) Justice (D) All of the above 48. Policies related to Revival of Sick Units are framed by (A) IIFT (B) CSIR (C) SEBI (D) MSME Anything dealing with Ethics in Business is (A) good, bad or both, to the business gains (B) not related to religion (C) not to focus obligation (D) killing all types of Unfair Trade Practices 47. Entrepreneurship as a theory of business was propounded by (A) Douglas McGregor (B) Thomas A. Coleman (C) Joseph A. Schumpeter (D) Adam Smith 42. 46. 10 D-17-12 39. 40. 46. 41. 42. 43. ? (A) (B) (C) (D) 50. (A) (B) (C) ( ) (D) , (A) (B) (C) (D) 49. ? (A) (B) . (C) . (D) (A) (B) (C) (D) 48. ? (A) (B) (C) (D) (A) , (B) (C) (D) 47. ? (A) (B) (C) (D) ( ) , , ? (A) (B) (C) (D) , ? (A) (B) (C) . (D) (A) (B) (C) (D) 45. (A) (B) (C) (D) 44. D-17-12 11 Paper-II Space For Rough Work Paper-II 12 D-17-12

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