PYQ’s Mock Test Series: 19-22

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Jun'19 Management

Note : Use the Full Screen mode for the best exam experience.

1. There are 100 questions in the test.
2. Every question carries 2 marks.
3. No Negative Marking.

Time Limit : 2 hours

1 / 100

Two friends are on WhatsApp discussing a holiday plan. Immediately, Uber pops up within WhatsApp to help book a ride and provide an estimate. This is known as

2 / 100

Four distinctive service characteristics greatly affect the design of the marketing program for services. The appropriate combination is:

3 / 100

Which of the following institutions is known as the 'soft loan window' of the World Bank?

4 / 100

Read the following regarding PERT and CPM:

(a) PERT is probabilistic in nature and CPM is deterministic in nature.
(b) PERT is most suitable for new as well as old projects but CPM is of great value for projects that are repetitive.
(c) PERT focuses primarily on time element and attaches lesser significance to the cost. On the contrary, the CPM puts strong emphasis on cost.
(d) PERT is activity-oriented and CPM is event-oriented.

Which one of the following options is most appropriate?

5 / 100

According to which of the following approaches of decision making, a manager picks up a course of action that is satisfactory or good enough under the circumstances?

6 / 100

Singapore Airlines offers personalized service at the airport, excellent service in flight, a menu of the customer’s choice, personal TV, etc. It is an example of:

7 / 100

Fine speciality store falls into

8 / 100

The DuPont approach breaks down the earnings power on the shareholders' book value (RoE) as

9 / 100

Which national institute has set up/established a 'Centre for Research in Entrepreneurship Education and Development (CREED)' with the objective to broaden the frontier of entrepreneurship research?

10 / 100

India's Trade Policy, 2015-20 stipulates to raise India's share in world exports to—

11 / 100

12 / 100

13 / 100

Evaluate the statements according to Aaker model of defining brand identity/equity:

Statement I: A particularly important concept for building brand equity is brand identity that represents what the brand stands for and promises to customers.
Statement II: The core identity is most likely to change as the brand travels to new markets and products.

Which of the following options is correct?

14 / 100

A large firm operating over a wide geographical area can speed up its collection by

15 / 100

The following statements relate to organizational culture:

Statement I: Culture is the cumulative preference of some states of life and some organized ways of dealing with basic concerns by members of a society.

Statement II: There are various ways of making employees aware about the organization's culture. These include stories, language, rituals, organizational structure and physical layout and rules and policies.

Which of the following options is correct?

16 / 100

Name the theory/concept/thought concerned with designing and shaping jobs to fit the physical abilities and characteristics of individuals so that they can perform their jobs effectively.

17 / 100

18 / 100

19 / 100

When prices are rising, the LIFO produces:

20 / 100

In which Amendment of the Constitution, the Government of India made a pioneering attempt to provide for 'workers' participation in management in industry', by suitable legislation in the Directive Principles of State Policy?

21 / 100

22 / 100

23 / 100

Entering a foreign market by developing foreign-based assembly or manufacturing facilities is known as

24 / 100

Name the human resource demand (need) forecasting technique, which solicits estimates of personnel needs from a group of experts, usually managers. The HRP experts act as intermediaries, summarise the various responses and report the findings back to the experts. The experts are surveyed again after they receive this feedback. Summaries and surveys are repeated until the experts’ opinions begin to agree. The agreement reached is the forecast of the personnel needs.

Select the correct option:

25 / 100

If actual production of units is lower than the budgeted level of production, which of the following costs would be lower than the budgeted costs?

26 / 100

The ethical decision 'Same Job, Same Wage' is used under which criterion?

27 / 100

Which one of the following is NOT correct for National Income?

28 / 100

Which of the following statements is true?

29 / 100

Cash Flow Analysis is an important financial tool for the management. Its chief advantages are

(a) Helps in cash management
(b) Helps in external financial management
(c) Helps in internal financial management
(d) Discloses the movements of cash

Which of the following options is correct?

30 / 100

International Fisher Effect suggests that a home currency will

31 / 100

The income or gain expected from the second best use of resources lost due to the best use of the scarce resources is known as

32 / 100

Balassa Index is often used as a tool to measure the

33 / 100

Which one amongst the following is NOT social security legislation?

34 / 100

Which of the following invalidates informal persuasions to boycott China imported goods?

35 / 100

What is the payoff at maturity of a long call below the strike price?

36 / 100

Today's new generation knowledge workers and professionals competing for career advancement and ready to work longer hours and work almost seven days a week is called

37 / 100

Exponential distribution comprises which of the following characteristics?

(a) It is discrete distribution
(b) It is a family of distributions
(c) It is skewed to the left
(d) The x values range from zero to infinity

Which one of the following options is most appropriate?

38 / 100

39 / 100

40 / 100

The Industrial Disputes Act, 1947 has provided a machinery for settlement of industrial disputes. Which amongst the following machinery has NOT been provided under the Act?

41 / 100

Which out of the following is the principal financial institution for the promotion, financing and development of industries in the small scale sector and to coordinate the functions of other institutions engaged in similar activities?

42 / 100

A company’s share is currently selling for ₹50 and is expecting a dividend of ₹3 per share after one year, which is expected to grow at 8% indefinitely. What is the equity capitalisation rate?

43 / 100

The technology advancements in the banking sector posed a challenge for the old players in the industry. The public sector banks lagged in modernization because of the traditional and bureaucratic banking norms that were in force. In the face of competition, public sector banks had to hire new talent and keep an open mind about evolving norms as per the market requirements.

Which of the following analysis/methods can help banks to identify jobs and duties of employees as well as what kinds of people to hire for different jobs?

44 / 100

The system of collective bargaining as a method of settlement of industrial disputes has been adopted and provided under

45 / 100

The correlation coefficient is the _______________ of two regression coefficients,

46 / 100

Indicate the correct answer for the combination from the following regarding the conditions for the applicability of a binomial distribution:

(a) There are 𝑛 independent trials
(b) Each trial has only two possible outcomes
(c) The probabilities of two outcomes do not remain constant
(d) The trials are independent

Which of the following options is correct?

47 / 100

As a newly appointed marketing manager of a firm, you have been asked to determine if a special Point-of-Purchase (POP) display causes the purchase of the product on display. What type of research design will be needed?

48 / 100

What is the market price per share (face value = Rs.100) as per Walter model if the profitability rate of the company is 16 percent, payout ratio is 80 percent and the cost of capital is 10 percent?

49 / 100

An airline offering special lounge for waiting is an example of which one of the following differentiators of the service offer?

50 / 100

Which of the following approaches was added by Quinn to the Mintzberg's modes of strategic decision making?

51 / 100

Depreciation charged on fixed assets in the Funds Flow Statement is/are

(a) Source of funds
(b) An application of funds
(c) Sources of funds in limited sense
(d) Added back to the operating profit to find out funds from operations

Which one of the following options is correct?

52 / 100

53 / 100

A firm's competitive advantage over its competitor is best described by the

54 / 100

The money spent for repairs of a motor car used by the business is a

55 / 100

Assertion “A”: Corporate governance is an important instrument of investor protection.
Reason “R”: Strong corporate governance is indispensable to resilient and vibrant capital markets.

Which one of the following options is correct?

56 / 100

What is the one-month forward price of crude oil trading at $70 a barrel when annual interest rate is 6 percent and monthly storage cost amounts to $0.60?

57 / 100

Which are the asset-related covenants adopted by financial institutions while granting a loan?

(a) Maintenance of working capital position in terms of a minimum current ratio
(b) Prohibition on disposal of promoters' shareholding
(c) Restriction on creation of further charge on asset
(d) Ban on sale of fixed assets without the lender's consonance

Which one of the following options is most appropriate?

58 / 100

In most of the cases, "cessation of work", refusal to continue to work or refusal to accept employment is called a strike. Which of the following does NOT come under the form of strike?

59 / 100

Which among the following is a correct statement?

60 / 100

According to the BCG matrix, for which one of the following positions of SBU the firm should decide to curtail losses by divesting?

61 / 100

AB Ltd. manufactures filing cabinets. For the current year, the company expects to sell 4,000 cabinets involving a loss of Rs. 2,00,000. Only 40 percent of the plant's normal capacity is being utilised during the current year. The fixed costs for the year are Rs. 10,00,000 and fully variable costs are 60 percent of the sales value. What is the break-even point in terms of sales value?

62 / 100

Re-engineering, a radical redesign of business processes, is an essential and integral to which of the following strategies?

63 / 100

Statement I: All ideas are opportunities.
Statement II: An opportunity is an idea that has the qualities of being attractive, durable, and timely.

Which of the following options is correct?

64 / 100

Which one of the following is NOT an integral part of credit policy of a business firm?

65 / 100

Which one of the following demand forecasting methods is NOT a survey method?

66 / 100

The process for enabling employees to better understand and develop their career skills and interests and to use these skills and interests most effectively both within the company and after they leave the firm, is known as

67 / 100

Which of the following institutions prepares and publishes FDI confidence index annually?

68 / 100

MM Hypothesis for capital structure is based on which of the following assumptions?"

(a) Investors are rational and have homogeneous expectations
(b) Perfect capital market
(c) 100% retention of profits
(d) No taxes

Which of the following options is most appropriate?

69 / 100

The credit of taking portfolio theory from abstraction to reality goes to

70 / 100

Which of the following modules is NOT a part of a typical ERP system?

71 / 100

The ratio between customer's perceived benefits and the resources they use to obtain those benefits is known as

72 / 100

John Dunning argued that FDI is attracted because of the unique advantage of

73 / 100

The following statements relate to Mudra Yojana:

Statement I: Mudra is an NBFC supporting development scheme of the micro enterprise sector in the country. It provides refinance support to Bank/MFIs for lending to micro units having loan requirements up to Rs. 20 lakh.

Statement II: Mudra has created different products/schemes for refinancing loans. These interventions have been named Shishu, Kishore, and Tarun and TarunPlus to signify the state of growth/development and funding needs of the beneficiary micro unit/entrepreneur.

Which of the following options is correct?

74 / 100

Transacional Analysis Does Not Help in

75 / 100

Which one of the following involves selling at a loss to gain access to a market and perhaps to drive competition?

76 / 100

The following statements relate to marketing

Statement I: "For any business enterprise there are two and only two basic functions: marketing and innovation. These two produce results; all the rest are costs."

Statement II: "The product concept of marketing holds that business can be managed by maximization of production and the resultant lower unit cost and low price."

Which of the following options is correct?

77 / 100

A specific category of information system serving middle managers by providing reports on the organization’s current performance is called

78 / 100

Which of the following institutions is responsible for the execution of India's import-export policies?

79 / 100

What refers to the stock of employee skills, knowledge and capabilities that may not show up in a balance sheet but have significant impact on a firm's performance?

80 / 100

Which out of the following is NOT true about consumer satisfaction?

81 / 100

Feasibility analysis is the process of determining if a business idea is viable. It consists of four areas of feasibility analysis. Identify the correct combination.

82 / 100

For which of the following types of goods does the demand increase rapidly with the increase in consumer's income but slows down with further increases in income?

83 / 100

Which of the following were two major criteria for the first official definition of small-scale industry coined in the year 1950?

84 / 100

For a situation where 100 misprints are distributed randomly throughout the 100 pages of a book, the probability that a page selected at random will contain at most one misprint will be

85 / 100

The mistake of paying more attention to the specific products of a company offers than to the benefits and experience produced by these products is known as

86 / 100

Organisations encounter many different forces for change which may be external or internal. Which among the following does NOT come under the external forces of change?

87 / 100

Which of the following statistical techniques should be used when you wish to examine the association between two nominal variables?

88 / 100

The scheme, which has been launched by the MSME Ministry to access the capabilities and credit worthiness of the micro and small enterprises (MSEs), is called:

89 / 100

Which one of the following is true for a monopoly firm that operates at the level of output where MR = MC?

90 / 100

The term 'The War for Talent' was coined by:

91 / 100

Respondents of a recent sample survey provided names of friends they thought would be likely users of a new product. These friends were contacted, completed a survey, and asked to supply names of other likely users. Which method of sampling has been used in this survey?

92 / 100

If Mr. X pays a well-known fashion innovator such as Calvin Klein for the right to use its name on his apparel and accessories, then Mr. X is using which type of branding?

93 / 100

Linux is the most well-known and widely used

94 / 100

NITI Aayog, GOI, has launched a scheme to develop an ecosystem for women entrepreneurship in India. Identify the scheme out of the following:

95 / 100

The cooperative bank came into existence with the enactment of the Co-operative Credit Societies Act, 1912. Which among the following does not come under the structure of cooperative bank?

96 / 100

Firm A Acquirs firm B. Market price of shares of B is Rs. 20 per share and EPS is Rs. 5. For an exchange ratio of 1.5:1, what was the P/E ratio used in acquiring firm B?

97 / 100

Study the data given below and calculate the Diluted Earnings Per Share (EPS):

Net profit for the year ending 31-12-2017 after preference dividend and tax = ₹1,00,000
Number of equity shares as on 1-1-2017 = 50,000
Number of 12% convertible debentures of ₹100 each = 1,00,000
Each debenture is convertible into 10 equity shares.
Tax rate applicable to the company = 30%
Interest on debentures before tax = 12% of ₹100 × 1,00,000 = ₹12,00,000

What will be the Diluted Earnings Per Share (EPS)?

98 / 100

Following are two statements with regard to product life cycle (PLC):

Statement I: Product sales pass through distinct stages of PLC, each posing different challenges, opportunities and problems to the seller.
Statement II: A company's positioning and differentiation strategy must change as its product, market and competitors change over the product life cycle.

Which of the following options is correct?

99 / 100

If risk-free return is 8 percent and the expected return on a market portfolio is 12 percent, the required return on a stock is 15 percent. What is stock beta?

100 / 100

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