1. Which of the following is not an objective of competition Act 2002

Prohibition of abuse of dominant position

Prohibition of Restrictive Trade Practices

Prohibition of Anti Competitive Agreements

Regulation of combinations


2. Consumers have the right

to be protected against goods and services that are hazardous to life and property.

to assured wherever possible, access to a variety of goods and services at notional prices.

Code
Both and are correct

Both and are wrong

Only is correct

Only is correct


3. Which of the following is not an element of the micro environment of business

Suppliers

Competitors

Trade Policy

Publics


4. Match the following legislations with the year of their enactment

Industries (Development and Regulation Act 1969

Foreign Exchange Management Act 1951

Securities Exchange Board of India Act 1999

Monopolies and Restrictive Trade Practices Act 1992


Codes









5. Which of the following is not an instrument of monetary policy

Deficit financing

Statutory Liquidity Ratio

Cash Reserve Ratio

Open Market Operations

6. A and B are partners sharing profits in the ratio of 2:3. They admit C for 1/4th share in the business. The sacrificing ratio of A and B is
7. Premium on redemption of debenture is

Personal Account

Real Account

Nominal Account

None of the above


8. If profit and fixed cost are Rs. 80,000 and Rs 2,80,000 respectively, the total variable cost and break-even sales are

Rs. 5,40,000 and Rs. 9,00,000

Rs. 5,40,000 and Rs. 7,00,000

Rs. 4,20,000 and Rs. 7,00,000

Rs. 4,20,000 and Rs. 9,00,000


9. The extent to which an organization uses fixed cost in its cost structure is called

Overall leverage

Fixed leverage

Financial leverage

Operating leverage


10. Direct costs are

Traceable to the cost object

Allocated to cost object

Total cost of the cost object

None of the above


11. In a typical demand schedule, quantity demanded

Varies directly with price

Varies proportionately with price

Varies inversely with price

Is independent of price


12. Opportunity cost is a term which describes

A bargain price for a factor of production

Cost related to an optimum level of production

Average variable cost

None of the above


13. The principle which states that an input must be so allocated between various uses that the value added by the last unit of input is the same in all its uses is called

Marginal Principle

Incremental Principle

Equal-marginal Principle

Discounting Principle


14. An example of derived demand is

Money

Car

Cigarette

Mobile phone

15. "Kinked Demand curve approach " is concerned with

Price Discrimination

Price Flexibility

Price Rigidity

Dual Pricing


16. Karl Pearson's coefficient of correlation between two variables X and Y is equal to

the covariance between two variables

the product of their standard deviations

the square root of product of two regression coefficients.

None of the above


17. "Parameter " refers to the characteristic of the

Population

Sample

Both

None of these


18. If the probability of inclusion of every unit of the population in the sample is equal, it is called

Simple Random Sampling

Stratified Random Sampling

Systematic Sampling

None of these


19. For 3x2 contingency table, the degrees of freedom for testing the hypothesis is
20. The "word length" of a computer is measured in
21. 'Motivation Hygiene Theory was propounded by

Herzberg

Maslow

Mc Gregor

Peter F Drucker


22. 'Grapevine' communication is a type of

Formal communication

Informal communication

Written communication

Vertical communication


23. 'Span of control' refers to

Controlling technique

Number of units under a company

Number of subordinates under a manager

Supply area of a company



24. A written statement of main duties and responsibilities which a particular job entails is

called

Job evaluation

Job analysis

Job description

None of the above


25. Elton Mayo is main contributor to

Classical approach

Bureaucracy

Modern Theory of Management

Human relations approach


26. Which one of the following is an example of non-store retailing

Limited Line Stores

Discount Stores

Tele Marketing

Super Markets


27. Promotional efforts directed primarily at end users so that they will ask middle men for the product, is called

Pull strategy

Push strategy

Single segment strategy

Penetration strategy


28. A product line strategy where in a company adds a lower priced products to a line to reach a market that cannot afford higher priced items, is called

Trading up

Trading down

Product Line Extension

Life cycle extension


29. Which is the step following the 'test marketing' in the process of new product development

Idea Screening

Prototype Development

Business Analysis

Commercialisation

30. Which of the following is not a demographic basis of market segmentation

Income

Life Style

Occupation

Family Life Cycle


31. Taffler's (1995) Z score does not include

Current ratio

Acid test ratio

Stock turnover

None of the above


32. Approximately, IRR is inverse of

Pay back period

NPV

Adjusted Accounting Rate of Return

None of the above


33. Auction pricing is a superior method of price discovery because

All can participate

None can participate

It Leads to speculation

None of the above


34. Cost of leasing is lower than

Cash credit

Hire purchase

Bank Loan

None of the above


35. Market Efficiency is dependent on

Information

Accounts

Technology

Management


36. The process of integrating the employees' needs and aspirations with organisational needs is called

Organisational Planning

Human Resource Planning

Career Planning

Succession Planning


37. Productivity means

An act of increasing the knowledge and skills of an employee for doing a particular job

Using the minimum amount of resources needed to produce goods and services

One's skills, abilities in meeting the needs of the job which one is holding currently

The ratio of an organisation's output to its inputs


38. Human Resource Department is

Line Department

Functional Department

Authority Department

Service Department


39. Business Plans designed to achieve the organisation's objectives is called

Human Resource Planning

Human Resources forecasts

Strategic Plan

Corporate Development Plan



40. A performance Appraisal System can be used for the following except

Human Resource Planning

Tone up performance

Identify individuals with high potential

Discipline employees


41. Banking in India has its origin as early as period.

Vedic

Moughal

British

None of the above


42. The maturity period of Treasury Bill is

91 days

364 days

and both

None of the above


43. " Blue Card" denotes

A Credit Card

A Debit Card

A Proposition by EU to attract highly qualified professionals from other countries

None of the above


44. "Repo Rate" refers to the rate at which

RBI borrows short term money from the market

Banks keeps the money with RBI

Bills are discounted by RBI

Forex is purchased by RBI


45. 'Retail Banking' means

Credit facilities extended to retail traders

Providing personal banking services directly to the consumers

Collection of large number of dividend/interest warrants

Providing services to the employees of large organisations




46. NOSTRO Account

Refers to a current account denominated in a foreign currency maintained by a bank in the currency of home country

Carries no interest

Provides for nominal interest on over night investments

All of the above


47. Which of the following is not a mode of foreign capital inflow to India

FDI

FII

NRI Accounts

None of the above


48. IMF has raised the quota and voting share of India which places India at the place among 184 members of the organisation.

10th

11th

112th

13th

49. Foreign Trade Policy 2008-09 forecasts the share of India's trade in World Trade at

1.2%

1.3%

1.4%

1.5%

50. On the basis of the size and composition of external debt, World Bank has classified India as a

heavily indebted country

moderately indebted country

less indebted country

severely indebted country