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How to use this eBook
This eBook has 3 Sections.
Section 1: section-1 of this eBook contains Topic wise questions from previous
year papers grouped together
Topic wise total questions details is given below:
S.No Topic Total number of
questions in this eBook
1 Managerial Economics 94
2 Organizational Behavior 91
3 Human Resource Management 92
4 Financial Management 92
5 Marketing 99
6 Production Management 86
7 Advance Statistics and MIS 93
8 Corporate Strategy 88
9 Entrepreneurship and Small Business 87
10 Business Ethics and Management System 86
TOTAL = 908
The answers to the questions are given in red or green color. This section will give
you an idea about how questions come from each Topic. You can take Print out as
answers are marked ticked also.
Section 2: This section of eBook contains full length year wise questions with
answer. You can practice full length paper here. You can take Print out as answers
are marked ticked also.
Section 3: This section has full length papers without answers for your practice.
You can take print out and practice and check how much marks your score in each
paper.
INDEX
SECTION 1:
Topic Page Number
Managerial Economics 10-33
Organizational Behavior 34- 55
Human Resource Management 56- 78
Financial Management 79- 104
Marketing 105- 128
Production Management 129- 149
Research Methodology ( Statistics ) 150- 174
Corporate Strategy 175- 200
Entrepreneurship and Small Business 201- 222
Business Ethics and Management System 223- 247
SECTION 2:
TOPIC PAGE NUMBER
SOLVED PAPER2 NOVEMBER 2017 249- 264
SOLVED PAPER2 JANUARY 2017 265- 279 SOLVED PAPER2 JULY 2016 280- 295
SOLVED PAPER2 DECEMBER 2015 296- 311
SOLVED PAPER2 JUNE 2015 312- 322
SOLVED PAPER2 DECEMBER 2014 323- 336
SOLVED PAPER2 JUNE 2014 337 – 350
SOLVED PAPER2 DECEMBER 2013 351- 363
SOLVED PAPER2 SEPTEMBER 2013 364- 379
SOLVED PAPER2 JUNE 2013 380– 395
SOLVED PAPER2 DECEMBER 2012 396- 406
SOLVED PAPER2 JUNE 2012 407- 418
SOLVED PAPER2 DECEMBER 2011 419– 432
SOLVED PAPER2 JUNE 2011 433- 446
SOLVED PAPER2 DECEMBER 2010 447- 458
SOLVED PAPER2 JUNE 2010 459- 470
SOLVED PAPER2 DECEMBER 2009 471- 479
SOLVED PAPER2 JUNE 2009 480- 488
SECTION 3:
TOPIC PAGE NUMBER
UNSOLVED PAPER2 NOVEMBER 2017 489- 504
UNSOLVED PAPER2 JANUARY 2017 505- 519
UNSOLVED PAPER2 JULY 2016 520- 535
UNSOLVED PAPER2 DECEMBER 2015 536- 550
UNSOLVED PAPER2 JUNE 2015 551- 560
UNSOLVED PAPER2 DECEMBER 2014 561- 573
UNSOLVED PAPER2 JUNE 2014 574- 586 UNSOLVED PAPER2 DECEMBER 2013 587- 598
UNSOLVED PAPER2 SEPTEMBER 2013 599- 613
UNSOLVED PAPER2 JUNE 2013 614- 628
UNSOLVED PAPER2 DECEMBER 2012 629- 639
UNSOLVED PAPER2 JUNE 2012 640- 650
UNSOLVED PAPER2 DECEMBER 2011 651- 663
UNSOLVED PAPER2 JUNE 2011 664- 676
UNSOLVED PAPER2 DECEMBER 2010 677- 688
UNSOLVED PAPER2 JUNE 2010 689- 700
UNSOLVED PAPER2 DECEMBER 2009 701- 708
UNSOLVED PAPER2 JUNE 2009 709- 716
SYLLABUS
UNIVERSITY GRANTS COMMISSION
NET BUREAU
CODE NO. 17
Subject: Management (including Business
Administration, Management / Marketing/Industrial
Relations and Personnel Management etc.)
Unit 1:-Managerial Economics
Managerial Economics – Demand Analysis, Production Function, Cost output
relations, Market Structures, Pricing theories, Advertising, Macro Economics,
National Income Concepts, Infrastructure- Management and Policy, Business
Environment, Capital Budgeting
Unit 2:-Organizational Behavior
The Concept and Significance of Organizational Behavior- Skills and Roles in an
Organization- Classical, Neo classical and Modern Theories of Organizational
Structure, Organizational Structure, Organizational Design, Understanding and
Understanding and Managing Group Behavior, Processes, Inter- personal and
Group Dynamics, Communication, Leadership, Managing Change, Managing
Conflicts, Organizational Development.
Unit 3:-Human Resource Management
Concepts and Perspectives in HRM- HRM in Changing Environment, Human
Resource Planning, Objectives, Process and Techniques, Job Analysis- Job
Description, Selecting Human Resources Induction, Training and Development,
Exit Policy and Implications, Performance Appraisal and Evaluation, Potential
Assessment, Job Evaluation, Wage Determination, Industrial Relations and Trade
Unions, Dispute Resolution and Grievance Management, Labor Welfare and Social
Security Measures.
Unit 4:-Financial Management
Financial Management Nature and Scope, Valuation Concepts and Valuation of
Securities, Capital Budgeting Decisions, Risk Analysis, Capital Structure and Cost
of capital, Dividend Policy, Determinants, Long term and Short-term Financing
Instruments, Mergers and Acquisitions
Unit 5:-Marketing
Marketing Environment and Environment Scanning Marketing Information
Systems and Marketing Research, Understanding Consumer and Industrial
Markets, Demand Measurements and Forecasting, Market Segmentation, Targeting
and Positioning, Product Decisions, Product Mix, Product life Cycle, New Product
Development, Branding and Packaging, Pricing Methods and Strategies,
Promotion Decisions, Promotion Mix, Advertising, Personal Selling, Channel
Management, Vertical Marketing Systems, Evaluation and Control of Marketing
Effort, Marketing of Services, Customer Relationship Management, Uses of
Internet as a Marketing Medium- Other Related Issues Like Branding, Market
Development, Advertising and Retailing on the Net, New Issues in Marketing
Unit 6:- Production Management
Role and Scope of Production Management:- Facility Location: Layout Planning
and Analysis , Production Planning and Control, Production Process Analysis,
Demand Forecasting for Operations, Determinants of Product Mix, Production
Scheduling, Work Measurement, Time and Motion Study, Statistical Quality
Control, Role and Scope of Operations Research, Linear Programming, Sensitivity
Analysis, Duality, Transportation Model, Inventory Control, Queuing Theory,
Decision Theory, Markov Analysis, PERT/CPM.
Unit 7:-Advance Statistics and MIS
Probability Theory Probability Distribution- Binomial, Poisson, Normal and
Exponential, Correlation and Regression Analysis, Sampling Theory, Sampling
Distributions, Tests of Hypothesis, Large and Small Samples, t, z , F, Chi-square
Tests, Use of Computers in Managerial Applications, Technology Issues and Data
Processing in Organizations, Information Systems, MIS and Decision-making,
System Analysis and Decision, Trends in Information Technology, Internet and
Internet based Applications, Design.
Unit 8:-Corporate Strategy
Concept of Corporate Strategy Components of Strategy Formulation, Ansoff’s
Growth Vector, BCG Model, Porter’s Generic Strategies, Competitor Analysis,
Strategic Dimensions and Group Mapping, Industry Analysis, Strategies in
Industry Evolution, Fragmentation, Maturity and Decline, Competitive Strategy
and Corporate Strategy , Trans nationalization of Word Economy, Managing
Cultural Diversity, Diversity Global Entry Strategies, Globalization of Financial
System and Services, Managing International Business, Competitive Advantage of
Nations, RTF and WTO.
Unit IX:- Entrepreneurship and Small Business
Concepts- Types, Characteristics Motivation, Competencies and its Development
and Development to be shifted from 8th
Chapter and Entrepreneurship, Small
Business- Concept Government Policy for Promotion of Small and Tiny
Enterprises , Process of Business Opportunity Identification, Detailed Business
Plan Preparation, Managing Small Enterprises, Planning for Growth; Sickness in
Small Enterprises, Rehabilitation of Sick Enterprises, Intrapreneurship (
Organizational Entrepreneurship)
Unit 10:-Business Ethics and Management System
Ethics and Management System Ethical Issues and Analysis in Management,
Value Based Organizations, Ethical Personal, Framework for Ethical Choices,
Pressure on Individual in Organizations, gender issues, Ecological Consciousness,
Environment Ethics: Social Responsibility of Business, Corporate Governance and
Ethics
SECTION-1
TOPIC WISE
QUESTIONS
WITH
ANSWERS
Unit 1:-Managerial Economics
Managerial Economics – Demand Analysis, Production Function, Cost output
relations, Market Structures, Pricing theories, Advertising, Macro Economics,
National Income Concepts, Infrastructure- Management and Policy, Business
Environment, Capital Budgeting
Questions from previous papers:
NOV 2017
1. Managerial economics is concerned with which combination of the
following?
(a) Investment Analysis and Decisions
(b) Production Behavior and Cost Analysis
(c) Input Reward Analysis and Decisions
(d) Economic Environment Analysis
Code:
(1) (a), (b) and (c)
(2) (b), (c) and (d)
(3) (a), (b) and (d)
(4) (a), (c) and (d)
2. When P0 and P1 and Q0 and Q1 denote before and after change in the
price and quantity respectively and in both the situations, total outlay remains
the same, which of the following formulae give the similar value of the arc
price - elasticity of demand?
(a) Qo-Q1 X Po+ P1 ( b) Qo-Q1 XPo
Po-P1 Qo+Q1 Po-P1 Q1
(c) Qo-Q1 X Po (d) Qo-Q1 X P1 (e) Qo-Q1 X P1
Po-P1 Qo Po-Q1 Q1 Po-P1 Qo
Code:
(1) (b), (c) and (e)
(2) (a), (b) and (e)
(3) (a), (c) and (e)
(4) (b), (c) and (d)
3. In case the producer‟s equilibrium shifts to a higher isoquant due to
decrease in price of aninput, the curve combining the successive equilibrium
positions is known as:
(1) Product Possibility Curve (2) Price Factor Curve
(3) Expansion Path (4) Product Line
4. Which one of the following statements is not correct?
(1) Marginal cost declines at a faster rate as compared to the average cost.
(2) Marginal cost rises at a faster rate as compared to the average cost.
(3) Marginal cost equals average cost where average cost is minimum.
(4) Average cost equals marginal cost where marginal cost is minimum.
5. Cost - Plus pricing is not suitable for:
(1) Product Tailoring (2) Profit Maximizing
(3) Monopsony Pricing (4) Public Utility Pricing
JAN 2017
6. Indicate the correct code for the scope of managerial economics from the
following:
a. Demand Analysis
b. Production and Cost Analysis
c. Pricing and Investment Decisions
d. Factor pricing Decisions
e. Economic Environmental Analysis
Codes:
(1) a, b, c, d (2) b, c, d, e
(3) a, b, c, e(4) a, c, d, e
7. Price elasticity of demand for a product is measured by
(1) Ed = ΔQ × ΔP (2) Ed = ΔQ ÷ ΔP
Q P Q P
(3) Ed = ΔP × Q (4) Ed = ΔP ÷ ΔQ
ΔQ P P Q
(Where Ed = elasticity of demand, Q = Quantity, P = Price and Δ = represents
change)
8. Which one of the following will be the appropriate pricing strategy for a
new product expecting an expanding market?
(1) Monopoly pricing (2) Skimming pricing
(3) Penetrating pricing(4) Differential pricing
9. Match the items of the List – I with those of the List – II and suggest the
correct code from the following:
List – I List – II
i. Loss Leader a. Locational price differentials
ii. Unchanged Pricingb. Products with high initial demands
iii. Basing Point pricing c. Product line pricing
iv. Skimming Pricing d. Oligopoly pricing
Codes:
i ii iii iv
(1) a b c d
(2) c d a b
(3) d b a c
(4) c a b d
10. In case the firm makes varying investments on the different investment
projects, the appropriate project evaluation technique would be, which one of
the following?
(1) Average annual rate of return technique
(2) Payback period technique
(3) Net present value technique
(4) Profitability index technique
JULY 2016
11. The following is the demand function: Q = 100 – 5P
What will be the point price elasticity of demand at price Rs10?
(1) 2.00 (2) 1.00
(3) 0.85 (4) 0.50
12. The short-run cost function of a firm is as under:
TC = 200 + 5Q + 2Q2
What will be the level of output at which AC and MC will be equal?
(1) 20 (2) 15
(3) 10(4) 5
SECTION 2 FULL PAPERS
WITH
ANSWERS
UGC NET PAPER II NOVEMBER 2017
1.Managerial economics is concerned with which combination of the
following?
(a) Investment Analysis and Decisions
(b) Production Behavior and Cost Analysis
(c) Input Reward Analysis and Decisions
(d) Economic Environment Analysis
Code:
(1) (a), (b) and (c)
(2) (b), (c) and (d)
(3) (a), (b) and (d)
(4) (a), (c) and (d)
2. When P0 and P1 and Q0 and Q1 denote before and after change in the
price and quantity respectively and in both the situations, total outlay remains
the same, which of the following formulae give the similar value of the arc
price - elasticity of demand?
(a) Qo-Q1 X Po+ P1 ( b) Qo-Q1 X Po
Po-P1 Qo+Q1 Po-P1 Q1
(c) Qo-Q1 X Po (d) Qo-Q1 X P1 (e) Qo-Q1 X P1
Po-P1 Qo Po-Q1 Q1 Po-P1 Qo
Code:
(1) (b), (c) and (e)
(2) (a), (b) and (e)
(3) (a), (c) and (e)
(4) (b), (c) and (d)
3. In case the producer‟s equilibrium shifts to a higher isoquant due to
decrease in price of aninput, the curve combining the successive equilibrium
positions is known as:
(1) Product Possibility Curve (2) Price Factor Curve
(3) Expansion Path (4) Product Line
4. Which one of the following statements is not correct?
(1) Marginal cost declines at a faster rate as compared to the average cost.
(2) Marginal cost rises at a faster rate as compared to the average cost.
(3) Marginal cost equals average cost where average cost is minimum.
(4) Average cost equals marginal cost where marginal cost is minimum.
5. Cost - Plus pricing is not suitable for:
(1) Product Tailoring (2) Profit Maximizing
(3) Monopsony Pricing (4) Public Utility Pricing
6. Match the following and select the correct code of matching :
List - I List - II
(a) F.W. Taylor (i) Fair day’s pay for fair day’s work
(b) Henry L. Gantt (ii) Motion study
(c) Frank and Lillian Gilbreth (iii) Graphic scheduling for planning and
controlling of work
(d) Max Weber (iv) Bureaucratic organization
Code:
(a) (b) (c) (d)
(1) (i) (ii) (iii) (iv)
(2) (i) (iii) (ii) (iv)
(3) (iv) (iii) (ii) (i)
(4) (iv) (i) (ii) (iii)
7. The achievement of goals with the least amount of resources is:
(1) Effectiveness
(2) Efficiency
(3) Productivity
(4) Both (1) and (2)
8. Which one of the following is the fundamental rethinking and radical
redesign of business processes to achieve improvements in performance?
(1) Reengineering(2) Reorganizing
(3) Revisiting (4) Rescheduling
9. Match the following and select the code of correct matching:
List - I List - II
(a) Motivating through rewards (i) Charismatic leadership and
penalties
(b) Changing organization by creating (ii) Situational leadership and
communicating a vision
(c) Influencing by dint of personality (iii) Transactional leadership and charm
(d) Modifying style with respect to (iv) Transformational leadership readiness of
followers
Code:
(a) (b) (c) (d)
(1) (iii) (i) (ii) (iv)
(2) (iii) (iv) (i) (ii)
(3) (iii) (iv) (ii) (i)
(4) (iv) (iii) (ii) (i)
10. Which one of the following is not a „hygiene factor‟ of Herzberg‟s Two
Factor theory?
(1) Interpersonal relations (2) Working conditions
(3) Responsibility (4) Job security
UGC NET PAPER II JANUARY 2017
1.Indicate the correct code for the scope of managerial economics from the
following:
a. Demand Analysis
b. Production and Cost Analysis
c. Pricing and Investment Decisions
d. Factor pricing Decisions
e. Economic Environmental Analysis
Codes:
(1) a, b, c, d (2) b, c, d, e
(3) a, b, c, e(4) a, c, d, e
2. Price elasticity of demand for a product is measured by
(1) Ed = ΔQ × ΔP(2) Ed = ΔQ ÷ ΔP
Q P Q P
(3) Ed = ΔP × Q (4) Ed = ΔP ÷ ΔQ
ΔQ P P Q
(Where Ed = elasticity of demand, Q = Quantity, P = Price and Δ = represents
change)
3. Which one of the following will be the appropriate pricing strategy for a
new product expecting an expanding market?
(1) Monopoly pricing (2) Skimming pricing
(3) Penetrating pricing(4) Differential pricing
4. Match the items of the List – I with those of the List – II and suggest the
correct code from the following:
List – I List – II
i. Loss Leader a. Locational price differentials
ii. Unchanged Pricingb. Products with high initial demands
iii. Basing Point pricing c. Product line pricing
iv. Skimming Pricing d. Oligopoly pricing
Codes:
i ii iii iv
(1) a b c d
(2) c d a b
(3) d b a c
(4) c a b d
5. In case the firm makes varying investments on the different investment
projects, the appropriate project evaluation technique would be, which one of
the following?
(1) Average annual rate of return technique
(2) Payback period technique
(3) Net present value technique
(4) Profitability index technique
SECTION 3 FULL PAPERS UNSOLVED
FOR PRACTICE
UGC NET PAPER II NOVEMBER 2017
1.Managerial economics is concerned with which combination of the
following?
(a) Investment Analysis and Decisions
(b) Production Behavior and Cost Analysis
(c) Input Reward Analysis and Decisions
(d) Economic Environment Analysis
Code:
(1) (a), (b) and (c)
(2) (b), (c) and (d)
(3) (a), (b) and (d)
(4) (a), (c) and (d)
2. When P0 and P1 and Q0 and Q1 denote before and after change in the
price and quantity respectively and in both the situations, total outlay remains
the same, which of the following formulae give the similar value of the arc
price - elasticity of demand?
(a) Qo-Q1 X Po+ P1 ( b) Qo-Q1 X Po
Po-P1 Qo+Q1 Po-P1 Q1
(c) Qo-Q1 X Po (d) Qo-Q1 X P1 (e) Qo-Q1 X P1
Po-P1 Qo Po-Q1 Q1 Po-P1 Qo
Code:
(1) (b), (c) and (e)
(2) (a), (b) and (e)
(3) (a), (c) and (e)
(4) (b), (c) and (d)
3. In case the producer‟s equilibrium shifts to a higher isoquant due to
decrease in price of aninput, the curve combining the successive equilibrium
positions is known as:
(1) Product Possibility Curve (2) Price Factor Curve
(3) Expansion Path (4) Product Line
4. Which one of the following statements is not correct?
(1) Marginal cost declines at a faster rate as compared to the average cost.
(2) Marginal cost rises at a faster rate as compared to the average cost.
(3) Marginal cost equals average cost where average cost is minimum.
(4) Average cost equals marginal cost where marginal cost is minimum.
5. Cost - Plus pricing is not suitable for:
(1) Product Tailoring (2) Profit Maximizing
(3) Monopsony Pricing (4) Public Utility Pricing
6. Match the following and select the correct code of matching :
List - I List - II
(a) F.W. Taylor (i) Fair day’s pay for fair day’s work
(b) Henry L. Gantt (ii) Motion study
(c) Frank and Lillian Gilbreth (iii) Graphic scheduling for planning and
controlling of work
(d) Max Weber (iv) Bureaucratic organization
Code:
(a) (b) (c) (d)
(1) (i) (ii) (iii) (iv)
(2) (i) (iii) (ii) (iv)
(3) (iv) (iii) (ii) (i)
(4) (iv) (i) (ii) (iii)
7. The achievement of goals with the least amount of resources is:
(1) Effectiveness (2) Efficiency (3) Productivity (4) Both (1) and (2)
8. Which one of the following is the fundamental rethinking and radical
redesign of business processes to achieve improvements in performance?
(1) Reengineering (2) Reorganizing
(3) Revisiting (4) Rescheduling
9. Match the following and select the code of correct matching:
List - I List - II
(a) Motivating through rewards (i) Charismatic leadership and
penalties
(b) Changing organization by creating (ii) Situational leadership and
communicating a vision
(c) Influencing by dint of personality (iii) Transactional leadership and charm
(d) Modifying style with respect to (iv) Transformational leadership readiness of
followers
Code:
(a) (b) (c) (d)
(1) (iii) (i) (ii) (iv)
(2) (iii) (iv) (i) (ii)
(3) (iii) (iv) (ii) (i)
(4) (iv) (iii) (ii) (i)
10. Which one of the following is not a „hygiene factor‟ of Herzberg‟s Two
Factor theory?
(1) Interpersonal relations (2) Working conditions
(3) Responsibility (4) Job security
11. Assertion (A): Promotion is a move within the organization to a higher
position that has greater responsibilities and requires more advanced skills.
Reasoning (R): Promotion may not involve a raise in status but a hike in
salary is a must.
Code:
(1) (A) and (R) both are correct.
(2) (A) and (R) both are incorrect.
(3) (A) is correct whereas (R) is incorrect.
(4) (A) is incorrect whereas (R) is correct.
12. Match the following and select the code of correct matching:
List - I List – II
(a) Identification of leadership potential (i) Vocational Tests
(b) Finding most suitable area of working (ii) Aptitude Tests
(c) Discovering interest and potential (iii) Intelligence Tests
for acquiring skills
(d) Measuring capacity to think, learn (iv) Personality Tests
and draw relationships
Code:
(a) (b) (c) (d)
(1) (iv) (iii) (ii) (i)
(2) (i) (ii) (iii) (iv)
(3) (iv) (i) (ii) (iii)
(4) (i) (iii) (ii) (iv)
13. Which one of the following is a facility to file anonymous complaints?
(1) Juke Box (2) Wide Box (3) Gripe Box (4) Hard Box
14. Which of the following is/are not gain sharing plan(s)?
(a) Scanlon Plan
(b) Rucker Plan
(c) Employee Stock Option Plan
(d) Improshare Plan
Code:
(1) (c) only
(2) (d) only
(3) (c) and (d) both
(4) (b), (c) and (d)
15.In which one of the following methods of performance appraisal,
predetermined percentages of rates are placed in various performance
categories?
(1) Alternation Ranking Method
(2) Forced Distribution Method
(3) Paired Comparison Method
(4) Check - list Method
16. Indicate the correct code for the combination from the following regarding
the superiority of the wealth maximization over the profit maximization
objective of the financial management:
(a) It takes into account long term stability and survival of the firm.
(b) It takes care of all other objectives of the firm like exploring and
expanding markets, etc.
(c) It is based on the assumption of perfect competition in the market.
(d) It considers risk along with returns.
Code:
(1) (a), (b), (c) and (d)
(2) (b), (c) and (d)
(3) (a), (b) and (d)
(4) (a), (c) and (d)
17. The controller function of the financial management concerns with:
(1) Advertising the public issue of the firm
(2) Negotiating with banks for loans
(3) Analyzing variance between standard costs and actual costs
(4) Estimating the future cash flows from certain project
18. Capital Asset Pricing Model (CAPM) for risk measurement has been given
by:
(1) Sharpe and Lintner
(2) Lintner and Treynor
(3) Sharpe, Lintner and Treynor
(4) Lintner, Modigliani and Miller
19. Beta (β) is a measure of:
(1) Systematic Risk (3) Total Risk
(2) Unsystematic Risk (4) Business Risk
20. Capital budgeting is concerned with:
(1) Arranging cash resources for the project.
(2) Managing the working capital of the firm.
(3) Managing the fixed assets through repairs and renewals.
(4) Evaluating the returns and investment in projects.
21. Which one of the following is the demand state where “Consumers dislike
the product and may even pay to avoid it”?
(1) Unwholesome demand (3) Negative demand
(2) Declining demand (4) Latent demand
22. Evaluate the statements according to Brand Asset Valuator Model of
Brand Equity:
Statement (I): Knowledge measures the degree to which a brand is seen as
different from others as well as its pricing power.
Statement (II): Esteem measures perceptions of quality and loyalty or how
well the brand is regarded and respected.
Code:
(1) Both the Statements are correct.
(2) Both the Statements are incorrect.
(3) Statement (I) is correct while Statement (II) is incorrect.
(4) Statement (I) is incorrect while Statement (II) is correct.
23. If a coaching institute provides some supporting study material along with
teaching, then which one of the following service mix category would it be?
(1) Hybrid offering
(2) Major Service with accompanying minor goods and services
(3) Tangible good with accompanying services
(4) Pure service
24. Statement (I): A low market - penetration index indicates substantial
growth potential for all the firms.
Statement (II): Generally, price competition increases and margins fall when
the market -penetration index is already high.
Code:
(1) Both the Statements are correct.
(2) Both the Statements are incorrect.
(3) Statement (I) is correct while Statement (II) is incorrect.
UGC NET PAPER II JANUARY 2017
1.Indicate the correct code for the scope of managerial economics from the
following:
a. Demand Analysis
b. Production and Cost Analysis
c. Pricing and Investment Decisions
d. Factor pricing Decisions
e. Economic Environmental Analysis
Codes:
(1) a, b, c, d (2) b, c, d, e
(3) a, b, c, e (4) a, c, d, e
2. Price elasticity of demand for a product is measured by
(1) Ed = ΔQ × ΔP (2) Ed = ΔQ ÷ ΔP
Q P Q P
(3) Ed = ΔP × Q (4) Ed = ΔP ÷ ΔQ
ΔQ P P Q
(Where Ed = elasticity of demand, Q = Quantity, P = Price and Δ = represents
change)
3. Which one of the following will be the appropriate pricing strategy for a
new product expecting an expanding market?
(1) Monopoly pricing (2) Skimming pricing
(3) Penetrating pricing (4) Differential pricing
4. Match the items of the List – I with those of the List – II and suggest the
correct code from the following:
List – I List – II
i. Loss Leader a. Locational price differentials
ii. Unchanged Pricingb. Products with high initial demands
iii. Basing Point pricing c. Product line pricing
iv. Skimming Pricing d. Oligopoly pricing
Codes:
i ii iii iv
(1) a b c d
(2) c d a b
(3) d b a c
(4) c a b d
5. In case the firm makes varying investments on the different investment
projects, the appropriate project evaluation technique would be, which one of
the following?
(1) Average annual rate of return technique
(2) Payback period technique
(3) Net present value technique
(4) Profitability index technique
6. According to Henry Fayol, which one of the following combinations of
qualities are required in a manager?
(1) Physical, mental, experience, educational and conceptual
(2) Technical, human, conceptual, mental and moral
(3) Physical, mental, moral, educational, technical and experience
(4) Mental, moral, conceptual, educational, technical and experience
7. Neo-classical organization theory emphasizes on which one of the
following?
(1) Flat structure of organization
(2) Tall structure of organization
(3) Coordination by hierarchy
(4) Unity of command
8. According to Graicuna‟s formula of span of management, if a superior has
threesubordinates, what number of cross-relationships would be?
(1) Three
(2) Six
(3) Nine
(4) Eighteen
9. In Reddin‟s „Tridimensional Grid‟, which one of the following is a less
effective style of leadership?
(1) Developer (2) Missionary
(3) Executive (4) Bureaucrat
10. Assertion (A): Attribution theory is based on relationship between
personal perception and interpersonal behavior.
Reasoning (R): Since most „whys‟ are not directly observable, people must
depend upon cognitions, particularly perception.
Codes:
(1) (A) is right but (R) is wrong.
(2) (A) is wrong but (R) is right.
(3) Both (A) and (R) are right but (R) does not explain (A).
(4) Both (A) and (R) are right and (R) explains (A).
11. Arrange the following steps of training and development process in the
right sequence:
a. Need analysis
b. Validation
c. Evaluation
d. Implement the programme
e. Instructional design
(1) a, e, d, c, b (2) a, e, c, b, d
(3) a, e, b, d, c (4) a, b, e, c, d
12. Which one of the following is related to „Standard of Personnel‟?
(1) Job Specification (2) Job Description
(3) Job Design (4) Job Evaluation
13. If an employee desires to pay more than the minimum required
contribution under the Employees‟ Provident Fund and Miscellaneous
Provisions Act, 1952, then
(1) Employer shall also pay an amount equal to the total contribution of employee.
(2) Employer shall pay only half of the additional contribution of employee.
(3) Employer is under no obligation to pay the additional contribution.
(4) The act is silent regarding this matter.
14. Under the Employees‟ State Insurance Act, 1948, sickness benefit can be
paid for which one of the following maximum periods?
(1) 45 days in two consecutive benefit periods.
(2) 66 days in two consecutive benefit periods.
(3) 91 days in two consecutive benefit periods.
(4) 180 days in two consecutive benefit periods.
15. Which one of the following laws is enacted by the Central Government
and enforced by the State Governments?
(1) The Employees State Insurance Act, 1948
(2) The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
(3) Factories Act, 1948
(4) The Mines Act, 1952
16. The cost of external equity can be most appropriately computed as per the
(1) Earnings price ratio
(2) Dividend price ratio
(3) Dividend price plus growth ratio
(4) Capital assets pricing model
17. For the following items in List – I and List – II, indicate the correct code
after matching them:
List – I List – II
i. Net income approach for capital structure a. Modigliani, M. and Miller
M.H.
ii. Net operating income approach for capital structure b. Robert Bruner
iii. Irrelevance of capital structure for the value of the firm. c. Ezra Soloman
iv. FRICT analysis for capital structure d. David Durand
Codes:
i ii iii iv
(1) a b c d
(2) d c a b
(3) d c b a
(4) b a d c
18. Which one of the following is not a feature of „Preference Shares‟?
(1) Prior claim on income / assets of the company over equity shareholders.
(2) Redeemability after certain period.
(3) Possessing voting rights on important issues of the company.
(4) May possess the right to participate in surplus profits of the company.
19. The basic consideration for dividend pay-out for a company excludes
which one of the following?
(1) Investment opportunities for the company
(2) Expectations of the shareholders of the company
(3) Legal and financial restrictions for the company
(4) Stability of the dividend considerations
20. For the following two statements of Assertion (A) and Reasoning (R)
indicate the correct code:
Assertion (A): Shareholders Wealth Maximization (SWM) and not the profit
Maximization is an appropriate and operationally feasible financial
management goal.
Reasoning (R): There exists a principal-agent relationship between the
shareholders and the management of the company.
Codes:
(1) (A) and (R) both are correct.
(2) (A) is correct but (R) is incorrect.
(3) (A) is incorrect but (R) is correct.
(4) (A) and (R) both are incorrect.