1. The sum of the value of all final goods and services produced within a country and net factor income from abroad is termed as
(A) GNP
(B) Nominal GDP
(C) NNP
(D) Real GDP
Answer A
2. If a firm raises Rs. 1,00,000 by the issue of debentures at 10%, repayable after 10 years, the rate of return that equates the present value of cash inflows with the present value of cash outflows is referred to as
(A) Explicit cost
(B) Implicit cost
(C) Specific cost
(D) Future cost
Answer A
3. The major objective of economists to monopolies is
(A) lack of technological progress in such industries.
(B) the dangerous impact on democratic government.
(C) the inability in an industry where there is a single producer.
(D) the tendency to restrict output and charge higher price.
Answer D
4. Statement I : Demand for a commodity refers to quantity of the commodity demanded at a certain price during any particular period of time.
Statement II : Contraction of demand is the result of increase in the price of the goods concerned.
(A) Both I & II are correct.
(B) Both I and II are incorrect.
(C) I is correct and II is incorrect.
(D) II is correct and I is incorrect.
Answer A
5. Match the items given in List-I with most suitable options given in List-II.
List – I List – II
(a) Rate of discount which equates the net (i) Pay back period
present value to zero.
(b) Ratio of present value of cash inflows (ii) Internal Rate of Return
to the cash outflow.
(c) Percentage of annual net income earned (iii) Profitability Index
on average fund invested in a project.
(d) Investment divided by annual net cash (iv) Average Rate of Return
inflow.
Codes :
(a) (b) (c) (d)
(A) (iii) (ii) (iv) (i)
(B) (iii) (ii) (i) (iv)
(C) (ii) (iii) (iv) (i)
(D) (ii) (iii) (i) (iv)
Answer C
6. The process through which individuals attempt to determine the causes behind others’ behaviour is known as
(A) Perception
(B) Attitude
(C) Attribution
(D) Social identity theory
Answer C
7. Which theory of human motivation focuses on personal perceptions of the performance process ?
(A) Adam’s Theory of Inequality
(B) McClelland’s Need Theory
(C) Vroom’s Expectancy Theory
(D) Alderfer’s ERG Theory
Answer C
8. Annual Reports, Balance Sheets, Brochures and Advertisements in organisational communication are the means to aim at
(A) Influencing
(B) Image building
(C) Group building
(D) Credibility building
Answer B
9. Match the following :
a. Attitudes 1. Beliefs that individuals possess certain
characteristics because of their membership in
certain groups.
b. Job Satisfaction 2. Negative attitude toward the members of
specific groups, based solely on the fact that
they are members of those groups.
c. Prejudice 3. Positive or negative attitudes held by
individuals toward their jobs.
d. Stereo types 4. Relatively stable clusters of feelings, beliefs
and behavioural intentions toward specific
objects, people or institutions.
Codes :
a b c d
(A) 1 2 3 4
(B) 2 3 4 1
(C) 3 4 1 2
(D) 4 3 2 1
Answer D
10. Match the following :
a. Delegating 1. A function of a situation wherein a
leader is effective only when the style used to
influence and alter the situation is appropriate.
b. Situational theory 2. Low nurturing and low regulating behaviour.
c. Grid training 3. A function of a situation wherein a leader
permits subordinates to take part in decision
making and permit them a considerable
degree of autonomy.
d. Participative Leadership 4. A multi step process designed to cultivate
concern for people and concern for production.
Codes :
a b c d
(A) 1 2 3 4
(B) 2 1 4 3
(C) 3 2 4 1
(D) 4 3 1 2