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| Important NTA UGC NET Management MCQ- [Multiple Choice Questions] |
1. The term Opportunity Cost refers to
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
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 Function 2. Isoquants
(c) Production Function 3. Engineering 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. Expectancy Theory of Motivation was propounded by
A. Porter and Lawler
B. McGregor
C. Vroom
D. J. Stacy Adams
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 and control is A. Scanning environment
B. Looking back
C. Setting targets
D. Defining objectives
11. 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. Both A and B
D. None of the above
12. 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
13. Wage determination is mostly done through tools which are
A. Objective
B. Subjective
C. Both A and B
D. None of these
14. Job Evaluation criterion comes from
A. Job manual
B. Job description
C. Job specification
D. Job duration
15. Exit Policy primarily emphasises in the broad sense, for policy makers as
A. Removing employees
B. Downsizing
C. Retiring people and Rehabilitating them
D. Bringing new blood to the Corporate
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) 1
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
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
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
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
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
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
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
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
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 at least one price?
A. 0.55
B. 0.50
C. 0.44
D. 0.56
32. 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
33. 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
34. 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
35. 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. 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. 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. 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
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. Entrepreneurship as a theory of business was propounded by
A. Douglas McGregor
B. Thomas A. Coleman
C. Joseph A. Schumpeter
D. Adam Smith
42. Policies related to Revival of Sick Units are framed by
A. IIFT
B. CSIR
C. SEBI
D. MSME
43. The book 'Innovation and Entrepreneurship' is written by
A. Harold Koontz
B. Blake and Mouton
C. Peter F. Drucker
D. None of the above
44. 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
45. Name the Author of Equity Theory of Motivation.
A. Blake and Mouton
B. Strube and Garcia
C. Stancy Adams
D. Albert Bandura
46. 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. Ethics provide
A. Consumer Autonomy
B. CSR
C. Justice
D. All of the above
48. 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. 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
51. Which of the following is not one of the important objectives of Financial Management?
A. Profit maximization
B. Wealth maximization
C. Value maximization
D. Social responsibility
52. For 'make or buy decision', which cost is to be considered?
A. Marginal cost
B. Total cost
C. Fixed cost
D. None of these
53. Which is the method applied for measuring GNP?
A. Income method
B. Expenditure method
C. Value Added method
D. All of the above
54. 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
55. Micro, Small and Medium Enterprises Development Act, 2006 is related to
A. Industrial Policy
B. Investment Limit
C. Business Opportunities
D. None of these
56. 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
57. 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
58. 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
59. 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
60. 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
61. "Hind Mazdoor Sabha" established in which year?
A. 1940
B. 1942
C. 1948
D. 1952
62. 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
63. A market structure which consists of one buyer and one seller is referred as
A. Monopsony
B. Bilateral monopoly
C. Monopoly
D. Duopoly
64. 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
65. The cost of equity can be measured as
A. Rate of interest (1- t). -
B. Rate of dividend (1- t).
C. Rate of dividend x
(Face value - Issue Price/n)
D. D₁/Po+ g
66. 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
67. 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
68. 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
69. The four systems of Management in Leadership styles terms of are related to
A. Blake and Mouton
B. Philip Kotler
C. Peter F. Drucker
D. Rensis Likert
70. In investment decision, ß is associated with
A. Return
B. Risk
C. Return and Risk
D. None of the above
71. 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
72. Making profit by taking advantage of different prices prevailing in different markets is referred as
A. Hedging
B. Speculation
C. Arbitrage
D. Gambling
73. Gigabyte refers to
A. 1024 Bytes
B. 1024 Kilobytes
C. 1024 Megabytes
D. 102400 Bytes
74. 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
75. 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
76. Among the following financial derivatives, which involves the least risk for the holder?
A. Forward
B. Option
C. Futures
D. Swap
77. 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
78. The number of subordinates a superior can effectively handle is called
A. Organising people
B. Span of control
C. Direction
D. Coordination
79. 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
80. Statistical Quality Control requires determination of
A. Quality tolerance limit
B. Quantity measurement
C. Production lead time
D. Inventory carrying cost
81. With reference to Working Capital Management, the term 'float' relates to
A. Inventory Management
B. Receivables Management
C. Cash Management
D. Marketable Securities
82. Which communication component is not a paid form of communication?
A. Advertising
B. Sales promotion
C. Personal selling
D. Publicity
83. The Government of India established the Small Industries Development Organisation (SIDO) in the year
A. 1951
B. 1972
C. 1954
D. 1982
84. Match the following:
List-I List-II
(a) Functional Organisation 1. F.W. Taylor
(b) Transactional analysis 2. McClelland
(c) Managerial Grid 3. Eric Berne
(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
B. 2 1 4 3
85. Which of the following is not a Trading block?
A. NAFTA
B. ASEAN
C. SAARC
D. IMF
86. 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.
87.Which of the following is not a function of distribution agency?
A. Transportation
B. Servicing
C. Inventorying
D. Manufacturing
88. 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.
89. Who is father of Administrative Management Theory?
A. Max Weber
B. Frank Gilbraith
C. Henry Fayol
D. Henry Gantt
90. 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 these
91. 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
92. 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
93. A Marketing database is built as an aid to A. Market research
B. Product-mix expansion
C. Reducing cost of production
D. Price hike
94. 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
95. 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.
96. 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
97. Recruitment is concerned with
A. Selecting the right candidate
B. Developing a pool of job candidates
C. Getting applications
D. None of the above
98. 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
99. Which of the following is the internal sources of recruitment?
A. Advertisement
B. Selection
C. Both A and B
D. None of these
100. 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
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