1. In case the price (P), quantity (Q), and changes (D) are represented by respective symbols given in the brackets, the price elasticity of demand (Ed) is measured by
(A) Ed = DQ/DP
(B) Ed = (DQ/Q)/(DP/P)
(C) Ed = DP/DQ
(D) Ed = (DP/P)/(DQ/Q)
Answer B
2. Law of Diminishing Return applies when the gaps among the successive ‘multiple-level of output’ isoquants
(A) decreases
(B) remains constant
(C) increases
(D) remains irregular
Answer C
3. In case the demand elasticity under imperfect competition is unity, the marginal revenue will be
(A) more than utility, but less than infinity.
(B) equal to unity.
(C) less than unity, but more than zero.
(D) equal to zero.
Answer D
4. Rise in general price level alongwith declining output in the economy is called
(A) Inflation
(B) Deflation
(C) Stagflation
(D) Demand-pull inflation
Answer C
5. National income equilibrium is not at the level where
(A) aggregate investment equals aggregate savings
(B) aggregate expenditure equals aggregate income
(C) inflationary and deflationary gaps are absent
(D) aggregate consumption is constant
Answer D
6. Which of the following is a correct match ?
(A) McClelland – ERG Theory
(B) Skinner – Reinforcement Theory
(C) Vroom – Equity Theory
(D) Locke – Expectancy Theory
Answer B
7. The study of gestures and body postures for their impact on communication is known as
(A) Kinesics
(B) Proxemics
(C) Semantics
(D) None of the above
Answer A
8. According to Organisational Culture Inventory (OCI), an organisation in which members are encouraged to work together in ways that meet higher order human needs is classified as having a _________ culture.
(A) constructive
(B) motivational
(C) passive
(D) high achievement
Answer A
9. A matrix structure of organisation
(A) reinforces unity of command
(B) is inexpensive
(C) is easy to explain to the employees
(D) gives to some employees more than one boss
Answer D
10. Organisational development (OD) is a planned change plus
(A) Evaluation
(B) Intervention
(C) Ability for self-renewal
(D) Reinforcement
Answer C
11. Match the following :
List – I (Concept) List – II (Term)
a. An ongoing and formalised effort i. Direction phase
that focuses on developing enriched and more
capable workers
b. A career development activity in which ii. Career development
managers make decisions regarding
the advancement potential of subordinates
c. A career development activity that focuses iii. Promotability forecast
on preparing people to fill executive positions
d. Determining the type of career that employees iv. Succession planning
want and the steps they must take to realise
their career goals
Codes :
a b c d
(A) i ii iii iv
(B) ii iii iv i
(C) ii iii i iv
(D) i iii ii iv
Answer B
12. A formal explanation of the knowledge, skills, abilities, traits and other characteristics necessary for effective job performance is known as
(A) Job Description
(B) Job Analysis
(C) Job Specification
(D) Job Enrichment
Answer C
13. _________ aims to reduce reliance on arbitrary methods of pay determination by introducing an element of objectivity in the way jobs are compared.
(A) Performance appraisal
(B) Job evaluation
(C) Job enrichment
(D) Attrition
Answer B
14. Match the following :
List – I List – II
a. The process of examining how work creates or i. Job Enrichment
adds value to the ongoing processes in a business
b. A fundamental rethinking and radical redesign ii. Job Design
of business processes to achieve dramatic
improvements in cost, quality, service and speed
c. The process of organising work into the tasks iii. Work flow analysis
required to perform a specific task
d. The process of putting specialised tasks back iv. Business process reengineering
together so that one person is responsible for (BPR)
producing a whole product or an entire service
Codes :
a b c d
(A) i ii iii iv
(B) ii i iv iii
(C) iii iv i ii
(D) iii iv ii i
Answer D
15. The process of reorganising a company’s employees to improve their efficiency is termed as
(A) Right sizing
(B) Down sizing
(C) Retrenchment
(D) Lay-offs
Answer A
16. The value of a bond with a given maturity period is
(A) Present value of maturity value of the bond
(B) Present value of annual interest plus present value of maturity value
(C) Total amount of interest plus the maturity value received
(D) Maturity value received
Answer B
17. The capital budgeting appraisal criterion that is most appropriate in the situation of capital rationing will be
(A) Payback period
(B) Internal Rate of Return
(C) Net present value
(D) Profitability index
Answer D
18. For computation of cost of equity, arrange the following measures in the ascending order of accuracy :
I. Capital Asset Pricing Model
II. Dividend-Price Ratio
III. Earning-Price Ratio
IV. Dividend-Price Plus Growth Ratio
Codes :
(A) I --> III --> II --> IV
(B) IV --> I --> III --> II
(C) III --> II --> IV --> I
(D) II --> IV --> I --> III
Answer C
19. Match the items given in the two lists :
List – I List – II
a. Debt securities without any explicit i. Floating Rate Bonds
interest rate
b. Company issuing such bonds ii. Zero-coupon bonds
experiences less financial distress
c. Coupon rate quoted as mark-up on the iii. Income Bonds
given rate
Codes :
a b c
(A) i ii iii
(B) i iii ii
(C) ii iii i
(D) iii i ii
Answer C
20. Which one of the following types of working capital is financial through a portion of long-term funds ?
(A) Gross working capital
(B) Net working capital
(C) Floating working capital
(D) Regular working capital
Answer B
21. In the model of consumer adoption of new products developed by Everitt M. Rogers, the first category of people to adopt a new product is called
(A) Early adopters
(B) Initial adopters
(C) First users
(D) Innovators
Answer D
22. Pepsico used ________ to enter the Indian market in the early 1980s.
(A) Mega marketing
(B) Meta marketing
(C) Micro marketing
(D) Multistage marketing
Answer A
23. Pricing decisions are most complex at which stage of the product life cycle ?
(A) Decline stage
(B) Growth
(C) Introduction
(D) Maturity
Answer D
24. Branding seeks
(A) to differentiate the product
(B) to charge differential price
(C) to sell the product in different countries
(D) to give attractive name to a product
Answer A
25. The most widely used method of collecting the primary data is
(A) Experimental Research
(B) Observation Research
(C) Statistical Research
(D) Survey Research
Answer D
26. If the EOQ for an item of inventory in a firm is 1000 units, the estimated demand for the term next year gets doubled, what shall be the revised EOQ next year, all other relevant costs remaining unchanged ?
(A) 1000
(B) 1414
(C) 2000
(D) None of the above
Answer B
27. From the following two statements, choose the correct answer :
Statement I : A person can have one utility curve for one situation and a quite
different one for the next situation.
Statement II : Business executive with a linear utility curve can effectively use the
expected monetary value as their decision criterion.
Codes :
(A) Statement I is true, but II is false.
(B) Statement I is false, but II is true.
(C) Both the Statements I and II are true.
(D) Both the statements I and II are false.
Answer C
28. Which of the following is not included in the Five-p model of transformation organisation used in the Production and Operations Management ?
(A) People
(B) Plant
(C) Production
(D) Programmes
Answer C
29. Demand forecasting through “Survey of Buyer’s Intentions” is not suited for which type of products ?
(A) ‘Convenience goods’
(B) Industrial products
(C) New products
(D) Consumer durables
Answer A
30. The names of certain reputed authors and their works are listed in the following lists. Match the names and their works in the correct order :
List – I List – II
a. Elwood S. Buffa and Rakesh K. Sarin i. A Behavioural Theory of the Firm
b. Richard M. Cyert and James E March ii. Introduction to operations research
c. Martin K. Starr and D.W. Miller iii. Production and Operations Management
d. J.M. Juran iv. Quality Control Handbook
e. Hillier and Leiberman v. Inventory Control : Theory and Practice
Codes :
a b c d e
(A) i ii iii iv v
(B) ii iii iv v i
(C) iii iv i ii v
(D) iii i v iv ii
Answer D
31. What is the probability of a value, chosen from a population, is less than its median ?
(A) 1.0
(B) 0.75
(C) 0.50
(D) 0.25
Answer C
32. If in a given Binomial distribution with ‘n’ fixed and P < 0.5, then
(A) The Poisson distribution will provide a good approximation
(B) The Binomial distribution will be skewed to the left
(C) The Binomial distribution will be skewed to the right
(D) The Binomial distribution will be symmetric
Answer C
33. What separates the physical aspects of data storage from the logical aspects of data
representation?
(A) Schema
(B) Relationships
(C) Constraints
(D) Data
Answer A
34. The components of E-business model are
i. Web Server
ii. Web Master
iii. Internet
iv. Web Administrator
Codes :
(A) i, ii, iii & iv
(B) i, ii & iii
(C) i & iii only
(D) iii only
Answer C
35. The simple probability of the occurrence of an event is called the
(A) Bayesian probability
(B) Conditional probability
(C) Joint probability
(D) Marginal probability
Answer D
36. Indicate the statement which is not correct :
i. Credit risk is loss on account of default of repayment of loan.
ii. Liquidity risk is the risk on account of the mismatches of cash inflow and outflow in a firm.
iii. Basic risk is the risk in a firm owing to the differences in the index to which financial assets and liabilities are tied up.
iv. Forward rate agreement is a contract where a borrower / lender locks the interest rate and protects itself from the loss on account of change in the future interest rate.
Codes :
(A) i and ii
(B) ii and iii
(C) iii and iv
(D) None of the above
Answer D
37. Which of the following facts are not correct in the context of India’s relations with
the WTO ?
i. India has been the founder member of the GATT.
ii. India has agreed to abide by the arrangement on the intellectual property rights.
iii. Under the trade-related investment measures, India has already notified its stand.
iv. India has agreed to allow entry to foreign service providers.
v. The Indian government has amended the Civil Procedure Code for the benefit of foreign service providers.
Codes :
(A) i and ii
(B) ii and iii
(C) iv only
(D) v only
Answer D
38. Intra-firm transfer of technology is found when
(A) the price of technology development is very low.
(B) it is difficult to protect the technology through patents.
(C) the price of technology is very high.
(D) the technology is developed in association with an allied firm
Answer B
39. Match the theories of Foreign Direct Investment with their contributors :
List – I List – II
(Theory) (Contributor)
a. Industrial Organization Theory i. Kemp & McDougall
b. Location Specific Theory ii. Hood and Young
c. Product Cycle Theory iii. Stephen Hymer
d. Two-Country Model iv. Raymond Vernon
Codes :
a b c d
(A) i ii iii iv
(B) iv iii i ii
(C) iii ii iv i
(D) i ii iv iii
Answer C
40. Assertion (A) : The laws regarding patents and trademark are ineffective in many countries.
Reasoning (R) : There are cases when a government does not abide by the rulings of the
International Court of Justice.
(A) (A) and (R) both are correct, and (R) is the right explanation of (A).
(B) (A) and (R) both are correct, but (R) is not the right explanation of (A).
(C) (A) is correct, but (R) is not correct.
(D) (R) is correct, but (A) is not correct.
Answer A
41. A study conducted by the Entrepreneurship Development Institute of India, Ahmedabad,
revealed that the possession of competencies is necessary for superior performance of the
entrepreneurs. The study was conducted under the guidance of
(A) James T. McCrory
(B) David C. McClelland
(C) James J. Berna
(D) P.L. Tandon
Answer B
42. ________ is considered as a creative capital which performs economic functions different from other investment vehicles, which primarily serve as the expansion capital.
(A) Equity Capital
(B) Fixed Capital
(C) Venture Capital
(D) Share Capital
Answer C
43. Which is the apex body in India for formulating the policy in respect of entrepreneurship development ?
(A) Reserve Bank of India
(B) Small Industrial Development Bank of India
(C) National Entrepreneurship Board
(D) Industrial Development Bank of India
Answer C
44. _________ means identifying and imitating the best in the world at specific tasks.
(A) Quality circle
(B) Bench marking
(C) Strategy
(D) Outsourcing
Answer B
45. Which of the following factors can be regarded as a symptom of industrial sickness ?
(A) Lowering the employee’s morale
(B) Delay and default in the payment of dues
(C) Continuous decrease in the price of its shares
(D) All of the above
Answer D
46. Assertion (A) : Ethical relativism means that there are universal standards
of human behaviour.
Reasoning (R) : Ethical behaviour is primarily personal behaviour conforming
to standards of morality.
(A) (A) is correct, and (R) is the right explanation of (A).
(B) (A) is incorrect, and (R) is a correct statement in isolation.
(C) (A) and (R) both are incorrect.
(D) (A) is correct, but (R) is not the right explanation of (A).
Answer B
47. Clause 49 of SEBI Regulations was amended on
(A) 15 August, 2000
(B) 26 August, 2003
(C) 26 January, 2007
(D) 14 February, 2008
Answer B
48. Fundamental legal obligations in taking corporate business decisions are formulated on the basis of
(A) Judicial Principles
(B) Moral Principles
(C) Ethical Principles
(D) Legislative Principles
Answer C
49. Corporate governance mechanism should ensure that corporate executive make strategic decisions that serve the entire group of
(A) Environmentalists
(B) Government officials
(C) Suppliers
(D) Shareholders
Answer D
50. Morality of an employee in a business organisation depends upon
(A) Individual disposition
(B) Understanding of business activities
(C) Understanding of individual in a group
(D) Family setup of individual employee
Answer A
source: www.ugcnetonline.in
(A) Ed = DQ/DP
(B) Ed = (DQ/Q)/(DP/P)
(C) Ed = DP/DQ
(D) Ed = (DP/P)/(DQ/Q)
Answer B
2. Law of Diminishing Return applies when the gaps among the successive ‘multiple-level of output’ isoquants
(A) decreases
(B) remains constant
(C) increases
(D) remains irregular
Answer C
3. In case the demand elasticity under imperfect competition is unity, the marginal revenue will be
(A) more than utility, but less than infinity.
(B) equal to unity.
(C) less than unity, but more than zero.
(D) equal to zero.
Answer D
4. Rise in general price level alongwith declining output in the economy is called
(A) Inflation
(B) Deflation
(C) Stagflation
(D) Demand-pull inflation
Answer C
5. National income equilibrium is not at the level where
(A) aggregate investment equals aggregate savings
(B) aggregate expenditure equals aggregate income
(C) inflationary and deflationary gaps are absent
(D) aggregate consumption is constant
Answer D
6. Which of the following is a correct match ?
(A) McClelland – ERG Theory
(B) Skinner – Reinforcement Theory
(C) Vroom – Equity Theory
(D) Locke – Expectancy Theory
Answer B
7. The study of gestures and body postures for their impact on communication is known as
(A) Kinesics
(B) Proxemics
(C) Semantics
(D) None of the above
Answer A
8. According to Organisational Culture Inventory (OCI), an organisation in which members are encouraged to work together in ways that meet higher order human needs is classified as having a _________ culture.
(A) constructive
(B) motivational
(C) passive
(D) high achievement
Answer A
9. A matrix structure of organisation
(A) reinforces unity of command
(B) is inexpensive
(C) is easy to explain to the employees
(D) gives to some employees more than one boss
Answer D
10. Organisational development (OD) is a planned change plus
(A) Evaluation
(B) Intervention
(C) Ability for self-renewal
(D) Reinforcement
Answer C
11. Match the following :
List – I (Concept) List – II (Term)
a. An ongoing and formalised effort i. Direction phase
that focuses on developing enriched and more
capable workers
b. A career development activity in which ii. Career development
managers make decisions regarding
the advancement potential of subordinates
c. A career development activity that focuses iii. Promotability forecast
on preparing people to fill executive positions
d. Determining the type of career that employees iv. Succession planning
want and the steps they must take to realise
their career goals
Codes :
a b c d
(A) i ii iii iv
(B) ii iii iv i
(C) ii iii i iv
(D) i iii ii iv
Answer B
12. A formal explanation of the knowledge, skills, abilities, traits and other characteristics necessary for effective job performance is known as
(A) Job Description
(B) Job Analysis
(C) Job Specification
(D) Job Enrichment
Answer C
13. _________ aims to reduce reliance on arbitrary methods of pay determination by introducing an element of objectivity in the way jobs are compared.
(A) Performance appraisal
(B) Job evaluation
(C) Job enrichment
(D) Attrition
Answer B
14. Match the following :
List – I List – II
a. The process of examining how work creates or i. Job Enrichment
adds value to the ongoing processes in a business
b. A fundamental rethinking and radical redesign ii. Job Design
of business processes to achieve dramatic
improvements in cost, quality, service and speed
c. The process of organising work into the tasks iii. Work flow analysis
required to perform a specific task
d. The process of putting specialised tasks back iv. Business process reengineering
together so that one person is responsible for (BPR)
producing a whole product or an entire service
Codes :
a b c d
(A) i ii iii iv
(B) ii i iv iii
(C) iii iv i ii
(D) iii iv ii i
Answer D
15. The process of reorganising a company’s employees to improve their efficiency is termed as
(A) Right sizing
(B) Down sizing
(C) Retrenchment
(D) Lay-offs
Answer A
16. The value of a bond with a given maturity period is
(A) Present value of maturity value of the bond
(B) Present value of annual interest plus present value of maturity value
(C) Total amount of interest plus the maturity value received
(D) Maturity value received
Answer B
17. The capital budgeting appraisal criterion that is most appropriate in the situation of capital rationing will be
(A) Payback period
(B) Internal Rate of Return
(C) Net present value
(D) Profitability index
Answer D
18. For computation of cost of equity, arrange the following measures in the ascending order of accuracy :
I. Capital Asset Pricing Model
II. Dividend-Price Ratio
III. Earning-Price Ratio
IV. Dividend-Price Plus Growth Ratio
Codes :
(A) I --> III --> II --> IV
(B) IV --> I --> III --> II
(C) III --> II --> IV --> I
(D) II --> IV --> I --> III
Answer C
19. Match the items given in the two lists :
List – I List – II
a. Debt securities without any explicit i. Floating Rate Bonds
interest rate
b. Company issuing such bonds ii. Zero-coupon bonds
experiences less financial distress
c. Coupon rate quoted as mark-up on the iii. Income Bonds
given rate
Codes :
a b c
(A) i ii iii
(B) i iii ii
(C) ii iii i
(D) iii i ii
Answer C
20. Which one of the following types of working capital is financial through a portion of long-term funds ?
(A) Gross working capital
(B) Net working capital
(C) Floating working capital
(D) Regular working capital
Answer B
21. In the model of consumer adoption of new products developed by Everitt M. Rogers, the first category of people to adopt a new product is called
(A) Early adopters
(B) Initial adopters
(C) First users
(D) Innovators
Answer D
22. Pepsico used ________ to enter the Indian market in the early 1980s.
(A) Mega marketing
(B) Meta marketing
(C) Micro marketing
(D) Multistage marketing
Answer A
23. Pricing decisions are most complex at which stage of the product life cycle ?
(A) Decline stage
(B) Growth
(C) Introduction
(D) Maturity
Answer D
24. Branding seeks
(A) to differentiate the product
(B) to charge differential price
(C) to sell the product in different countries
(D) to give attractive name to a product
Answer A
25. The most widely used method of collecting the primary data is
(A) Experimental Research
(B) Observation Research
(C) Statistical Research
(D) Survey Research
Answer D
26. If the EOQ for an item of inventory in a firm is 1000 units, the estimated demand for the term next year gets doubled, what shall be the revised EOQ next year, all other relevant costs remaining unchanged ?
(A) 1000
(B) 1414
(C) 2000
(D) None of the above
Answer B
27. From the following two statements, choose the correct answer :
Statement I : A person can have one utility curve for one situation and a quite
different one for the next situation.
Statement II : Business executive with a linear utility curve can effectively use the
expected monetary value as their decision criterion.
Codes :
(A) Statement I is true, but II is false.
(B) Statement I is false, but II is true.
(C) Both the Statements I and II are true.
(D) Both the statements I and II are false.
Answer C
28. Which of the following is not included in the Five-p model of transformation organisation used in the Production and Operations Management ?
(A) People
(B) Plant
(C) Production
(D) Programmes
Answer C
29. Demand forecasting through “Survey of Buyer’s Intentions” is not suited for which type of products ?
(A) ‘Convenience goods’
(B) Industrial products
(C) New products
(D) Consumer durables
Answer A
30. The names of certain reputed authors and their works are listed in the following lists. Match the names and their works in the correct order :
List – I List – II
a. Elwood S. Buffa and Rakesh K. Sarin i. A Behavioural Theory of the Firm
b. Richard M. Cyert and James E March ii. Introduction to operations research
c. Martin K. Starr and D.W. Miller iii. Production and Operations Management
d. J.M. Juran iv. Quality Control Handbook
e. Hillier and Leiberman v. Inventory Control : Theory and Practice
Codes :
a b c d e
(A) i ii iii iv v
(B) ii iii iv v i
(C) iii iv i ii v
(D) iii i v iv ii
Answer D
31. What is the probability of a value, chosen from a population, is less than its median ?
(A) 1.0
(B) 0.75
(C) 0.50
(D) 0.25
Answer C
32. If in a given Binomial distribution with ‘n’ fixed and P < 0.5, then
(A) The Poisson distribution will provide a good approximation
(B) The Binomial distribution will be skewed to the left
(C) The Binomial distribution will be skewed to the right
(D) The Binomial distribution will be symmetric
Answer C
33. What separates the physical aspects of data storage from the logical aspects of data
representation?
(A) Schema
(B) Relationships
(C) Constraints
(D) Data
Answer A
34. The components of E-business model are
i. Web Server
ii. Web Master
iii. Internet
iv. Web Administrator
Codes :
(A) i, ii, iii & iv
(B) i, ii & iii
(C) i & iii only
(D) iii only
Answer C
35. The simple probability of the occurrence of an event is called the
(A) Bayesian probability
(B) Conditional probability
(C) Joint probability
(D) Marginal probability
Answer D
36. Indicate the statement which is not correct :
i. Credit risk is loss on account of default of repayment of loan.
ii. Liquidity risk is the risk on account of the mismatches of cash inflow and outflow in a firm.
iii. Basic risk is the risk in a firm owing to the differences in the index to which financial assets and liabilities are tied up.
iv. Forward rate agreement is a contract where a borrower / lender locks the interest rate and protects itself from the loss on account of change in the future interest rate.
Codes :
(A) i and ii
(B) ii and iii
(C) iii and iv
(D) None of the above
Answer D
37. Which of the following facts are not correct in the context of India’s relations with
the WTO ?
i. India has been the founder member of the GATT.
ii. India has agreed to abide by the arrangement on the intellectual property rights.
iii. Under the trade-related investment measures, India has already notified its stand.
iv. India has agreed to allow entry to foreign service providers.
v. The Indian government has amended the Civil Procedure Code for the benefit of foreign service providers.
Codes :
(A) i and ii
(B) ii and iii
(C) iv only
(D) v only
Answer D
38. Intra-firm transfer of technology is found when
(A) the price of technology development is very low.
(B) it is difficult to protect the technology through patents.
(C) the price of technology is very high.
(D) the technology is developed in association with an allied firm
Answer B
39. Match the theories of Foreign Direct Investment with their contributors :
List – I List – II
(Theory) (Contributor)
a. Industrial Organization Theory i. Kemp & McDougall
b. Location Specific Theory ii. Hood and Young
c. Product Cycle Theory iii. Stephen Hymer
d. Two-Country Model iv. Raymond Vernon
Codes :
a b c d
(A) i ii iii iv
(B) iv iii i ii
(C) iii ii iv i
(D) i ii iv iii
Answer C
40. Assertion (A) : The laws regarding patents and trademark are ineffective in many countries.
Reasoning (R) : There are cases when a government does not abide by the rulings of the
International Court of Justice.
(A) (A) and (R) both are correct, and (R) is the right explanation of (A).
(B) (A) and (R) both are correct, but (R) is not the right explanation of (A).
(C) (A) is correct, but (R) is not correct.
(D) (R) is correct, but (A) is not correct.
Answer A
41. A study conducted by the Entrepreneurship Development Institute of India, Ahmedabad,
revealed that the possession of competencies is necessary for superior performance of the
entrepreneurs. The study was conducted under the guidance of
(A) James T. McCrory
(B) David C. McClelland
(C) James J. Berna
(D) P.L. Tandon
Answer B
42. ________ is considered as a creative capital which performs economic functions different from other investment vehicles, which primarily serve as the expansion capital.
(A) Equity Capital
(B) Fixed Capital
(C) Venture Capital
(D) Share Capital
Answer C
43. Which is the apex body in India for formulating the policy in respect of entrepreneurship development ?
(A) Reserve Bank of India
(B) Small Industrial Development Bank of India
(C) National Entrepreneurship Board
(D) Industrial Development Bank of India
Answer C
44. _________ means identifying and imitating the best in the world at specific tasks.
(A) Quality circle
(B) Bench marking
(C) Strategy
(D) Outsourcing
Answer B
45. Which of the following factors can be regarded as a symptom of industrial sickness ?
(A) Lowering the employee’s morale
(B) Delay and default in the payment of dues
(C) Continuous decrease in the price of its shares
(D) All of the above
Answer D
46. Assertion (A) : Ethical relativism means that there are universal standards
of human behaviour.
Reasoning (R) : Ethical behaviour is primarily personal behaviour conforming
to standards of morality.
(A) (A) is correct, and (R) is the right explanation of (A).
(B) (A) is incorrect, and (R) is a correct statement in isolation.
(C) (A) and (R) both are incorrect.
(D) (A) is correct, but (R) is not the right explanation of (A).
Answer B
47. Clause 49 of SEBI Regulations was amended on
(A) 15 August, 2000
(B) 26 August, 2003
(C) 26 January, 2007
(D) 14 February, 2008
Answer B
48. Fundamental legal obligations in taking corporate business decisions are formulated on the basis of
(A) Judicial Principles
(B) Moral Principles
(C) Ethical Principles
(D) Legislative Principles
Answer C
49. Corporate governance mechanism should ensure that corporate executive make strategic decisions that serve the entire group of
(A) Environmentalists
(B) Government officials
(C) Suppliers
(D) Shareholders
Answer D
50. Morality of an employee in a business organisation depends upon
(A) Individual disposition
(B) Understanding of business activities
(C) Understanding of individual in a group
(D) Family setup of individual employee
Answer A
source: www.ugcnetonline.in
Thank you for the answers 😊
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