A monthly index that measures the changes in the prices of fixed basket of goods purchased by a typical consumer is termed as …………….. .
(a) Consumer Price Index
(b) General Price Index
(c) Cost of Living Index
(d) Producer’s Price Index
An economic measure that tracks decrease or increase in the average level of output per worker is termed as …………….. .
(a) Efficiency rate
(b) Productivity rate
(c) Performance rate
(d) Profitability rate
………………….. is based on longevity, knowledge and standard of living.
(a) Human Poverty Index
(b) Population Development Index
(c) Human Development Index
(d) Quality of Living Index
For pricing electricity, telephones, railway and air services, one should follow the trategy of …………… .
(a) Peak-load pricing
(b) Mark-up pricing
(c) Transfer pricing
(d) Skimming price
This role helps the Government to decide as to how a business or enterprise should conduct its activities, dispose its surplus and maintain relations with others ………………………. .
(a) Functional role
(b) Regulatory role
(c) Promotional role
(d) Planning role
………………… debentures are like negotiable instrument and can be transferred by imple delivery,transfer is not registered with the company.
(a) Bearer Debentures
(b) Convertible Debentures
(c) Redeemable Debentures
(d) Irredeemable Debentures
Franchise Fee’ is ……………… .
(a) Capital Expenditure
(b) Revenue Expenditure
(c) Deferred Revenue Expenditure
(d) Miscellaneous Expenditure
When depreciation is recorded by charging ‘provision for depreciation account’ the aasset appears at ………… .
(a) Original cost
(b) At original cost less depreciation
(c) At market value
(d) At realizable value
‘Materiality principle’ is an exception to ………………. .
(a) Consistency principle
(b) Accounting period principle
(c) Prudence principle
(d) Full disclosure principle
Equity Share Capital + Reserves and Surplus Number of Equity Shares = …………..
(a) Book value
(b) Intrinsic value
(c) Fair value
(d) Market value
Sales revenue maximization as an alternative to profit maximization objective was postulated by …………. .
(a) Koutsoyiannis
(b) Marris
(c) Baumol
(d) Cyert and March
In legal term, this is not a complete contract, but parties act as if there is contract binding their relations …………….. .
(a) Voidable contract
(b) Quasi contract
(c) Contingent contract
(d) Implied contract
In case of pure oligopoly the products which are transacted in the market are …………….. .
(a) Differentiated products
(b) Homogeneous products
(c) Products having no substitutes
(d) Complementary products
In consumer behavior theory ‘price consumption curve’ represents …………………….. .
(a) Income effect of the consumer demand
(b) Substitution effect of the consumer demand
(c) Price effect of the consumer demand
(d) Both substitution effect and price effect of the consumer demand
Two conditions of profit maximization are ………………. .
(a) TR = TC, Slope of TR > Slope of TC
(b) TR = TC, Slope of TC > Slope of TR
(c) MR = MC, Slope of MR > Slope of MC
(d) MR = MC, Slope of MC > Slope of MR
Histogram is used to determine …………………. graphically.
(a) Arithmetic mean
(b) Median
(c) Mode
(d) Correlation
If Σ x2 = 200 , Σ x = 0 , n = 10 then the standard deviation is ………………………. .
(a) 20
(b) (B)
(c) 0
(d) 200
Suppose P(A) = 0.8, P(B) = 0.7. If the events A and B are independent,then P(A ∪B) = ……………. .
(a) 1.5
(b) 0.56
(c) 0.94
(d) 1
In a certain examination a group of 10 data entry operators gave an average of 60 ords per minute with a standard deviation 10 words per minute. To test whether the population average is 65 words per minute ……………….. statistical test is appropriate.
(a) F-test
(b) t-test
(c) Chi-square test
(d) z-test
If the two regression lines are :
X = 3Y + 2 and
2Y = X – 3
then arithmetic mean of Y is ……………… .
(a) 3
(b) 2
(c) 1
(d) 5
According to ‘scalar principle’ of organisation ……………… .
(a) A manager can directly supervise a limited number of people
(b) The line of authority must be clearly defined
(c) Complex problems are referred to top management
(d) Each subordinate must have one supervisor
Height, weight, voice, hands and legs coordination is a part of …………………….. .
(a) Job specification
(b) Job description
(c) Job desirable attributes
(d) Job essential attributes
Who among the following has described an organisation as a social system ?
(a) Peter Drucker
(b) Henri Fayol
(c) Abraham Maslow
(d) Elton Mayo
In ………………, a new idea is created in the subconscious mind after certain amount of sorting and manipulating of the multitude of information.
(a) Saturation
(b) Preparation
(c) Incubation
(d) Verification
Which of the following is not the book written by Peter Drucker ?
(a) The New Society
(b) The Practice of Management
(c) Management—Task, Responsibility and Practice
(d) The Functions of Executive
A strong internal stimulus which impaires action and becomes motive to buy a particular product is termed as ……………….. .
(a) Drive
(b) Cue
(c) Response
(d) Need
The total sales volume that all organisations selling a product during a stated period of time in a specific market could expect to achieve under ideal conditions is ……………….. .
(a) Market share
(b) Market potential
(c) Market demand
(d) Industry potential
………………….. consists of unique features of a company and its products that are pursued by the customers as significant and superiors to the competitors.
(a) Market advantage
(b) Product advantage
(c) Competitive advantage
(d) Situation advantage
………………. are the customers who are risk takers and act as forerunners.
(a) Laggards
(b) Early majority
(c) Adopters
(d) Innovators
…………………… is a mental picture of the products in the minds of the customer.
(a) Brand image
(b) Brand personality
(c) Brand loyalty
(d) Logo
Investment in the project is ` 20,00,000. The projected cash flows are given below. Hence, the payback period will be …………………….
Year Cash inflows (in Rs.)
1 3,15,900
2 4,10,700
3 4,25,200
4 4,48,200
5 6,00,000
(a) 5 years
(b) 4 years 6 months
(c) 4 years 8 months
(d) 4 years 9 months
A company issued 10,000 10% preference shares of Rs. 10 each at 10% premium. The cost of preference share capital will be ……………. .
(a) 11.11%
(b) 10%
(c) 9.59%
(d) 9.09%
The installed capacity of a factory is 600 units. Actual capacity use is 400 units. Selling price per unit is ` 10. Variable cost is ` 6 per unit. Fixed cost is ` 1,200, then operating
leverage will be ……………… .
(a) 4.40
(b) 5.00
(c) 4.00
(d) 4.67
The total process of generating,evaluating, selecting and following up of capital expenditure alternatives is called as ………….. .
(a) Capital structure
(b) Capital budgeting
(c) Raising of capital
(d) Financial prudence
The presence of fixed financial charges in the firms expenses stream, results into …………… .
(a) Operating leverage
(b) Financial leverage
(c) Financial break-even
(d) Operating stress
From the following, who did not make any contribution to motivation ?
(a) McGregor
(b) McCleland
(c) McFarland
(d) Maslow
Select suitable items from column B to match with the items in column A and form the pairs :
Column A Column B
(i) Carrot and stick (M) Measure to improve
approach morale
(ii) Fatigue (N) Job analysis
(iii) Technological (O) Aspect of work
change environment
(iv) Job enrichment (P) Human relations
(Q) Issue in employee
relation
(R) Employee grievance
The correct answer is :
(i) (ii) (iii) (iv)
(a) (P) (O) (Q) (M)
(b) (O) (P) (M) (R)
(c) (N) (O) (R) (Q)
(d) (O) (N) (Q) (M)
……………… is the traditional approach which assumes that leaders are born and not made.
(a) The situational approach
(b) The functional approach
(c) The interactionist approach
(d) The trait-oriented approach
……………. is the practice of using pay grades having broader ranges as compared to the traditional compensation system.
(a) Pay scales
(b) Grade pay
(c) Broad pay banding
(d) Pay banding
A carefully selected group of employees who voluntarily meet on a regular basis to identify problems and make recommendations are known as …………….. .
(a) Quality audit
(b) Quality circle
(c) Quality control
(d) Quality assurance
……………….. is a fund based banking system.
(a) Letter of credit
(b) Loans syndication
(c) Bill collection
(d) Export credit
When a bank sanctions loan to the customer, it results in …………….. .
(a) Credit development
(b) Credit expansion
(c) Credit enhancement
(d) Credit creation
The central bank extends financial facility to commercial bank in times of emergencies. This function is termed as ……………… .
(a) Bankers Bank
(b) Custodian of financial resources
(c) Lender of last resort
(d) Agent of banks
The funds which move from one country to another where interest rate is high are called ……………. .
(a) Fast money
(b) Fiat money
(c) Quick money
(d) Hot money
The agency which transfers security from physical to electronic form is termed as ……………… .
(a) Stock market
(b) Depository
(c) Broker
(d) Underwriter
UNCTAD stands for ………………… .
(a) United Nations Conference on Technology and Development
(b) United Nations Conference on Trade and Development
(c) United Nations Conference on Treaty and Development
(d) Union of Nations Conference on Trade and Development
………………. is an advance level of economic integration which adopts uniform commercial policies against non-members.
(a) Customs union
(b) Economic union
(c) Free trade zone
(d) Common market
…………………… is to formulate a standard image of a group that assigns the group with particular characteristics.
(a) Stereotype
(b) Prototype
(c) Cultural variation
(d) Cultural diversification
…………………. describes how a culture views time in setting priorities and performance of different tasks.
(a) Polychronic
(b) Monochronic
(c) Multichronic
(d) Nonchronic
The common trade terms used in international trade to express the sale price and corresponding rights and responsibilities of the seller and the buyer are termed as …………… .
(a) Terms of trade
(b) Terms of settlement
(c) Terms of negotiation
(d) Incoterms
