1.

OPEC is an example of the type of producers

organization known as a:
(a) Marketing Board
(b) Producers Cooperative
(c) Trust
(d) Cartel
Ans. (d)
2. TQMs major emphasis is on
(a) Product quality
(b) Company profitability
(c) Customer delight
(d) Employee training
Ans. (a)
3. Assertion (A): Effective motivation is moderated by organizational complexity and conflicts.
Reason (R): An Individuals motives may be complex and conflicting.
Codes:
(a) Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true but R is not a correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (d)
4. Match the following:
List-I List-II
A Classical 1. Fact-orientation
B Human Relations 2. Environment
C Behavioural 3. Structure
D Systems 4. Informal organization
5. Incentives to work
Codes:
ABCD
(a) 4 2 1 3
(b) 1 4 3 2
(c) 3 2 4 5
(d) 3 4 1 2
Ans. (d)
5. External environment of business is:
(a) Physical
(b) Demographic
(c) Economic
(d) All of these
Ans. (d)
6. Co-ordination in an organization means:
1. Complete control of the activities of the employees.
2. To structure harmony among different units of the organization.
3. Removal of conflict and overlapping in the organization.
Codes:
(a) 1 and 2
(b) l and 3
(c) 2 and 3
(d) 1, 2 and 3
Ans. (c)
7. Regression coefficient is independent change of:
(a) Origin but not to scale
(b) Both origin and scale
(c) Scale but not of origin
(d) None of these
Ans. (a)
8. Assertion (A): E-commerce is an emerging field, which cannot be ignored.
Reason (R): The legal framework relating to E-commerce is yet to be crystallized.
Codes:
(a) Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (b)
9. Which of these is marketing research method?
(a) Observation
(b) Questionnaire
(c) Interview
(d) None of these
Ans. (a)
10. Note issuing deptt. of RBI should always posses the minimum gold stock of worth:
(a) Rs. 85 crores
(b) Rs. 115 crores
(c) Rs. 200 crores
(d) None of these
Ans. (b)
11. ISO-quants are also known as:
(a) Equal revenue curves.
(b) Equal cost curves
(c) Equal product curves
(d) Indifference curves
Ans. (c)
12. Match the following:
List-I List-II
(a) Cardinal approach 1. Margin Utility
(b) Ordinal approach 2. Alfred Marshall
(c) Hicks-Allen approach 3. J. R Hicks
(d) Consumers surplus 4. Indifference curve
5. Revealed preference theory
Codes:
ABCD
(a) 1 2 3 4
(b) 1 5 4 2
Ans. (b)
13. The scientific management stressed upon:
1. Rationality
2. Specialization
3. Technical competence
4. Predictability
Select the Correct Code:
(a) 1 and 2
(b) 1, 2 and 3
(c) 2, 3 and 4
(d) 1, 2, 3 and 4
Ans. (d)
14. One who does too mu1i work is called:
(a) A rate buster
(b) A chiseller
(c) A squealer
(d) None pf the above
Ans. (a)
15. Which of the following is not an essential feature of social environment?
(a) Competitiveness
(b) Respect for the individual
(c) Better quality of life
(d) Bailment
Ans. (d)
16. Marketing information system help to
(a) Sales Manager
(b) Purchase Manager
(c) Operational Manager
(d) Marketing Manager
Ans. (d)
17. Consider the following:
I Measurement
II. Projection
III. Selection
IV. Observation
V. Comparison
VI. Decision making
The correct sequence of the above ingredients of management by exception is:
(a) I, II, III, IV, V, VI
(b) I, II, III, V, IV, VI
(c) I, H, III, VI, IV, V
(d) I, II, III, IV, VI, V
Ans. (a)
18. Which one of the following pairs is not correctly matched?
A. Value of any security 1. The real value of any security is determined by the
prior rights to the return of income.
B. Debenture 2. It possesses maximum safety and normally offers
regular and fixed income.
C. Preference Share 3. It offers reasonable safety as well as regular and
fixed income by way of dividend.
D. Equity Shares 4. It invites speculative tendency and the investors.
There is risk of loss in such a share.
Select the correct answer using the codes using the codes given below:
Codes:
ABCD
(a) 1 2 3 4
(b) 2 1 3 4
(c) 1 2 4 3
(d) 2 1 4 3
Ans. (a)
19. Normal profits are considered as:
(a) Explicit Costs
(b) Implicit Costs
(c) Social Costs
(d) Private Costs
Ans. (b)
20. Consider the following statements:
1. Quartile deviation is more instructive range as it discards the dispersion of extreme items.
2. Coefficient of quartile deviation cannot be used to compare the degree.
3. There are 10 deciles for a series.
Which of the above statements is/are correct?
(a) 1, 2 and 3
(b) 2 alone
(c) 3 alone
(d) 1 alone
Ans. (c)
21. Three necessary and sufficient conditions that must be satisfied if traits should be unique
determinants of the Leadership Index are
1. The trait quality should follow a descending order as one traverses from the highest to the lowest
levels.
2. There must be a high correlation between the Level of traits and the level of success
3. The achievement trait curve should be convex to the trait axis as one travels from the low to the
high trait terminals.
The above conditions have been suggested by:
(a) F. W. Taylor
(b) Elton Mayo
(c) Edin E. Ghiselli
(d) Dorwin Cartwright
Ans. (c)
22. Michigan Leadership studies are based on the following approach to the study of leadership:
(a) Trait approach
(b) Attitude criterion
(c) Behaviour approach
(d) Situational approach
Ans. (b)
23. Choose the correct facts of the following?
A. Unity of command in no case seriously affected by the increasing number and growing influence of
staff and auxiliary agencies.
B. What we are having today in practice, there is no unity of command, not even duality of command,
but multiplicity of command.
C. The unity of command has been seriously affected by the increasing number and growing influence
of staff and auxiliary agencies.
(a) A only
(b) A and B only
(c) B and C only
(d) A, B and C
Ans. (c)
24. Find out correct answer:
(a) Heart of co-ordination is unity of actions.
(b) Co-ordination is the basic responsibility of management.
(c) Co-ordination is not a distinct function but the very essence of management.
(d) All of the above
Ans. (d)
25 The definition that Economics is concerned with an enquiry into the nature and causes of wealth of
nations is given by
(a) Karl Marx
(b) Adam Smith
(c) A. E. Cairns
(d) None of these
Ans. (b)