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UGC NET Management December 2018 Online Exam Quiz

Important questions about UGC NET Management December 2018. UGC NET Management December 2018 MCQ questions with answers. UGC NET Management December 2018 exam questions and answers for students and interviews.

1. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below. Assertion (A): A price reduction leads to an increase in the quantity demanded of the commodity. Reason (R): It results from price effects comprising income and substitution effects which are always positive. Code:

Options

A : Both (A) and (R) are correct and (R) is the right explanation of (A).

B : Both (A) and (R) are correct, but (R) is not the right explanation of (A).

C : (A) is correct, but (R) is incorrect.

D : Both (A) and (R) are incorrect.

2. Indicate the correct code from the following types of the long-run average cost curves on which the minimum average cost of production in the long run can be determined: (i) Long-run average cost curve under normal production function. (ii) Long-run average cost curve under linearly homogeneous production function. (iii) Planning curve (iv) Envelope curve Choose the correct answer from the code given below: Code:

Options

A : Only (i), (ii) and (iii)

B : Only (ii), (iii) and (iv)

C : Only (i), (iii) and (iv)

D : Only (ii) and (iv)

3. Monopoly situation in the market is not desirable mainly because the monopolist:

Options

A : seeks to earn net revenue on the sale of all goods including those involving no cost of production

B : is able to earn net revenue in all time periods

C : is able to charge different prices from different categories of buyers

D : will produce below its economic capacity level when it exhibits satisfaction with the normal profit only

4. Indicate the correct code for the appropriate combination of the following that constitutes the form of price discriminating strategy: (i) Postage stamp pricing (ii) Basing point pricing (iii) Incremental pricing (iv) Free on Board pricing Choose the correct answer from the code given below:

Options

A : Only (i), (ii) and (iii)

B : Only (ii), (iii) and (iv)

C : Only (i), (ii) and (iv)

D : Only (iii) and (iv)

5. Indicate the correct code for discounted cash flow techniques for capital investment proposals from the following: (i) Net Present Value Method (ii) Internal Rate of Return Method (iii) Excess Benefit-Cost Ratio Method (iv) Net Terminal Value Method Choose the correct answer from the code given below: Code:

Options

A : Only (i), (ii) and (iii)

B : Only (ii), (iii) and (iv)

C : Only (i) and (ii)

D : Only (ii) and (iv)

Options

A : I and V

B : II and III

C : III and IV

D : IV and V

47. The following statements relate to sampling distributions. Choose the correct code for the statements being correct or incorrect. Statement I: Sampling distribution of mean is normally distributed irrespective of the type of population distribution and size of samples. Statement II: The standard deviation of the sampling distribution of mean is less than the standard deviation of the population distribution. Code:

Options

A : Statement I is correct, but II is incorrect.

B : statement II is correct, but I am incorrect.

C : Both the statements I and II are correct.

D : Both the statements I and II are incorrect.

Options

A : 6

B : 11

C : 14

D : 22

49. The following two statements relate to probability distributions. Choose the correct code for the statements being correct or incorrect. Statement I: When ‘p’ and ‘q’ are equal in the binomial distribution, the shape of the distribution is perfectly symmetrical irrespective of the size of ‘n’. Statement II: The mean and the variance of Poisson distribution are not equal. Code:

Options

A : Statement I is correct, but II is incorrect.

B : Statement II is correct, but I am incorrect.

C : Both the statements I and II are correct.

D : Both the statements I and II are incorrect.

50. Which one of the following does not fall within the ambit of WTO operations?

Options

A : Trade-in service, intellectual property protection, multifibre agreement.

B : Supplementing balance of trade deficit and helping a nation to overcome the balance of payment crisis.

C : Redressal and settlement of tariff disputes.

D : Antidumping measures, industrial and export subsidies of trading nations.

51. Match the items of List-I with the items of List-II and choose the correct answer from the code is given below.

Options

A : (a) (b) (c) (d) (iv) (iii) (ii) (i)

B : (a) (b) (c) (d) (iv) (ii) (iii) (i)

C : (a) (b) (c) (d) (iii) (i) (ii) (iv)

D : (a) (b) (c) (d) (i) (iv) (ii) (iii)

52. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below. Assertion (A): The World Investment Report has prepared a transnationality index comprising an average of three ratios based on foreign assets, foreign sales, foreign employment. Reason (R): Given the increasing liberal investment and environment policy in which such companies operate, transnationality would enhance strategy for greater penetration. Code:

Options

A : Both (A) and (R) are correct and (R) is the right explanation of (A).

B : Both (A) and (R) are correct, but (R) is not the right explanation of (A).

C : (A) is correct, but (R) is incorrect.

D : Both (A) and (R) are incorrect.

53. The following statements relate to transnationality. Choose the correct code for the statements being correct or incorrect. Statement I: The UNCTAD developed an index to compare the transnationality of countries in which TNCs operate. Statement II: The UNCTAD followed parameters like FDI flow as a percentage of gross fixed capital formation, FDI inward stock, value-added by foreign affiliates and jobs created by them. Code:

Options

A : Statement I is correct, but II is incorrect.

B : Statement II is correct, but I is incorrect.

C : Both the statements I and II are correct.

D : Both the statements I and II are incorrect.

54. The following statements relate to Restrictive Trade Practices (RTP). Choose the correct code for the statements being correct or incorrect. Statement I: Often the low price is the result of the predatory pricing strategy; prompting selling at prices below cost. Statement II: This is done with an aim to drive out existing competitors because predatory pricing is a restrictive trade practice. Code:

Options

A : Statement I is correct, but II is incorrect.

B : Statement II is correct, but I is incorrect.

C : Both the statements I and II are correct.

D : Both the statements I and II are incorrect.

55. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below. Assertion (A): Cultural differences, the behavioural attitude of workers, social environment, values and beliefs affect industrial relations and loyalty. Reason (R): Differences relating to labour mobility and cultural influences affect the way of addressing the superior authority. Code:

Options

A : Both (A) and (R) are correct and (R) is the right explanation of (A).

B : Both (A) and (R) are correct, but (R) is not the right explanation of (A).

C : (A) is correct, but (R) is incorrect.

D : Both (A) and (R) are incorrect.

56. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below. Assertion (A): The growing proportion of the world output is traded internationally, causing faster growth of trade among nations. Reason (R): This situation is bringing world economic integration, which is reinforced by cross-border capital flows and regional blocs. Code:

Options

A : Both (A) and (R) are correct and (R) is the right explanation of (A).

B : Both (A) and (R) are correct, but (R) is not the right explanation of (A).

C : (A) is correct, but (R) is incorrect.

D : Both (A) and (R) are incorrect.

57. The following two statements relate to industrial sickness. Choose the correct code for the statements being correct or incorrect. Statement I: The Sick Industrial Companies Act (SICA) was enacted to address a chronic problem of industrial sickness in the Indian economy. Statement II: SICA defined a sick industrial unit as one that had existed for at least three years and had incurred accumulated losses equal to its entire net worth at the end of any financial year. Code:

Options

A : Statement I is correct, but II is incorrect.

B : Statement II is correct, but I is incorrect.

C : Both the statements I and II are correct.

D : Both the statements I and II are incorrect.

Options

A : McClelland

B : Skinner

C : Locke

D : Alderfer

60. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below. Assertion (A): Entrepreneurial innovation and experimentation constantly destroy the old and introduce new equilibria, making possible higher standards of living. Reason (R): Markets do not passively tend towards equilibrium until profit margins are wiped out. Code:

Options

A : Both (A) and (R) are correct and (R) is the right explanation of (A).

B : Both (A) and (R) are correct, but (R) is not the right explanation of (A).

C : (A) is correct, but (R) is incorrect.

D : Both (A) and (R) are incorrect.

61. Match the items of List-I with the items of List-II and choose the correct answer from the code given below.

Options

A : (a) (b) (c) (d) (iv) (iii) (ii) (i)

B : (a) (b) (c) (d) (iv) (ii) (iii) (i)

C : (a) (b) (c) (d) (iii) (ii) (iv) (i)

D : (a) (b) (c) (d) (i) (ii) (iv) (iii)