State Eligibility Test – 2017

Commerce

(Final Answer Key)

Part-A

Q.No: 1 Internal Rate of Return means द :

A Project earn more than cost of capital

B Net Present value of project is positive

C Rate of discount which makes NPV zero

Rate of return after recovery cost of

D
capital

One key assumption of the miller and

Q.No: 2 Modigliani dividend irrelevance argument is
that: :

A New shares are sold at fair price

B Future stock prices are certain ध

C There are no capital gains taxes

D All investments are risk – free

Q.No: 3 Standard error is estimated as इ

Average annual rate of return divided by औ

A the square root of the number of
observations
Standard deviation of returns divided by
B the square root of the number of
observations
Variance divided by the number of
C
observations

D None of these are correct

Q.No: 4 Equity in case of limited company means द

A Equity share capital

B Total assets of the company

C Net worth of the company

D Total funds applied by the company ध

X machine has starting time 6 hours & Y 'X' इ 6 औ 'Y'

machine has time 2 hours. X machine
produces 50 units per hour while Y machine इ 2 . 'X' 50
Q.No: 5
produces 25 units per hour. At which level of औ 'Y' 25
production both machines will have produced
द द द
equal products?

A 120 units 120

B 200 units 200

C 500 units 500

D 100 units 100

Gifts received by an assessee are not taxable द ,

Q.No: 6
if :

They are received from spouse of the

A
assesse

B If they are received from a close friend

If they are received from brother of

C
father in law/mother in law
They are received on occasion of
D
assesse's marriage

If a business concern wants to compare its द द

Q.No: 7 sales of any two years which adjustment will
be necessary?

A Adjustment for change in cost

B Adjust for price change

C Adjustment in profit

D Adjustment in quantity sold

The term cost of capital for a project depends

Q.No: 8
on

The use to which the capital is put, i.e,

A
the project

B The company's cost of capital

C The industry cost of capital

D All of these are correct

Which are the two accounting books by द

Q.No: 9 Maintaining them all accounting transactions
can be recorded by any business concern द

A Cash book & Bank Book औ

B Purchase register & sales register औ

C Journal & Ledger औ

D Purchase return & sales return book औ

Q.No: 10 Matching concept in accounting means

Ensuring all expenses and income of all ध औ आ

A
business activities are accounted for

B Income and expenses are matched आ औ

C Only realized incomes are considered आ ध

Excess of income over expenses is

D आ ध
ensured

Q.No: 11 Standard costing can be applied : :

A If budgetary control is there

B If Job costing is used

C If process costing is used

D All of these are correct

Q.No: 12 The term Opportunity Cost refers to

A Variable Cost

B Short-run cost

The cost forgone in favour of production

C
of another product

Cost related to an optimum level of

D ध
production

1000 द इ
If a product, having demand 10000 units has :
following requirements per unit, (1) 3
[1] Raw material 3 k.g
[2] Power 5 units (2) 5
Q.No: 13 [3] Labour 10 hours (3) 10 :
and availability is under Raw material 27000
औ इ : 27000
k.g, power 60000 units labour hour 6000.
, 60000 , 6000
How many units will be produced?
द

A 9000 9000
B 10000 10000
C 12000 12000
D 600 600

What is the characteristic of a purely

Q.No: 14
competitive market?

A Large number of buyers and sellers औ

B A few sellers

C A few buyers

D Abnormal profit
 Industry prefers IRR criteria to NPV criteria द
Q.No: 15
as द द , :

IRR considers Investment made in आ

A
project

NPV criteria is considered advanced by

B
academicians

C NPV requires cost of capital

आ

D IRR is simple to understand आ

A person has two machines, machine X & द Xऔ Y द X

machine Y producing same product
Machine X has starting time 2 hours & इ 2 औ 40 औ
production time is 40 units per hour. Y 8 औ 60
Q.No: 1 Machine Y has starting time 8 hours &
द द
6 production time is 60 units per hour.
द
If a person wants to have equal production द द
as fast as possible for which level of
production each machine be used द

Q.No: 17 If a business concern maintains bank book द , :

It cannot have account of any bank in

A
ledger

It may have some bank accounts of its

B
choice in ledger
C It will have all bank accounts in ledger

It will have accounts of all banks in

D ledger except banks whose accounts are
not brought in bank book
Question Deleted

The interview is used as a method of

Q.No: 18
determining …

A The personality of the candidate आ

The degree of fit between the applicant

B आ औ
and the demand of the job

C His/Her age आ आ

D Physical attributes आ

Which of the following is not a function इ

Q.No: 19
normally performed by the HR. Department

A Employee relation ध

B Training and Development औ

C Accounting

D Recruitment औ

Q.No: 20 Successful managers are: फ :

A Efficient & Effective

B Strict to employees

C Wrong policy makers

D Wrong decision makers

Which of the following statements most

Q.No: 21 accurately defines human resource
management?

A Human resource management ध ध

 contributes to business strategy and औ
plays an important role in the
implementation of business strategy

Human resource management is an ध ध ध

B
approach to managing people

Human resource management seeks to ध ध औ

achieve competitive advantage through ध
the strategic deployment of a highly
C ,
committed and capable workforce, using
an integrated array of cultural, , औ
structural and personnel techniques

Human resource management focuses ध ध ध

D on people as the source of competitive
advantage

औ
Human resource Management aims to
Q.No: 22 maximize employees as well as _____
Organizational

A Effectiveness

B Economy

C Efficiency

D Performativity

द
The number of people hired for a particular
Q.No: 23 job compared t the number of individuals in -
the applicant pool is often expressed as ---

A Applicant Ratio आ

B Recruitment Ratio

C Selection Ratio

D Employment Ratio

Which of the following is NOT true about

Q.No: 24
Capital Expenditure?

A Creates future benefits

B Incurred to acquire fixed assets ध

Incurred to increase the economic life of आ

C
existing fixed asstes

D Reduce the profit of the concern

Q.No: 25 Agency cost consists of :

A Binding

B Monitoring

C Opportunity and structure cost औ

D All of these are correct

Non-profit organizations prepare all of the ______

Q.No: 26
following accounts except the :

A Receipts and payment accounts औ

B Income and Expenditure accounts आ औ

C Income Statement आ

D Balance sheet

Which of the following is another term for द द औ

Q.No: 27
debtor control account? द

A Sales account

B Receivable account

C Creditor control Account

D Sales ledger control account

Q.No: 28 Which kind of theory Utilitarianism has? द

A Conceptual
B Ethical

C Behavioural

D None of these are correct

द
Which of the following includes conveying a
Q.No: 29 decision to those and getting their औ
commitment to it?

A Selecting an alternative

B Evaluation of decision effectiveness

C Implementation of the alternativeness

D Developing alternatives

Also known as beta error, _____ occurs द -

when the sample results lead to the non-
Q.No: 30 -----
rejection of a null hypothesis that is in fact
false. ' '

A Type I error -I

B Type - tailed error -

C Type II error - II

D One- tailed error -

----
Q.No: 31 Hypothesis tests can be related________.

A Tests of strength

B Tests of association

C Tests of differences

(Tests of association) and (Tests of

D ( )औ ( )
differences) are correct

Q.No: 32 What classical principle was stressed by फ द

 Foyol?

A Unity of command आ

B Equal authority and responsibility ध औ

C Limited Span of control ध

D Delegation of routine matters

Q.No: 33 Consumer surplus is

Excess of consumer satisfaction over

A
cost paid by consumer आध

Excess of marginal satisfaction over

B ध आध
marginal cost

C Excess sales revenue over cost आध

D Excess marginal utility over price

Q.No: 34 Objectives of an organization must be ----

A Flexible

B Specific

C Universal

D Profit-oriented -

Q.No: 35 _____ is not a qualitative research technique _____

A Depth interview

B Word association

C Focus group

D Conclusive research ध

In a study the researcher was investigating

Q.No: 36 attitudes toward airlines among male middle
managers . Each airline attribute, such as इ
 wide-body aircrafts, was probed (why do you ,
like to travel in wide- body aircrafts?) to
(
determine why it was important (I can get
more work done) and then that reason was ) (
probed (I accomplish more), and so on(I feel औ )औ
good about myself).The depth interview
techniques used in study is called ______. ( ),इ द( द
)
इ ----

A Hidden issue questioning

B Symbolic analysis

C Laddering

D None of the these are correct

Big Bazar is Powerful -:-:-:-:-X-:-:-:Weak : -:-:-:-:-X-:-:-:

Unreliable-:-:-:-:-:-X-:-: Reliable
Q.No: 37 -:-:-:-:-:-X-:-:
The above scale is an example of a____
scale. ----- द :

A Continuous rating

B Semantic differential

C Stapel

D Likert

When utilizing univariate techniques, for

metric data, when there is (are)____, one-
Q.No: 38 , ---- ,
way analysis of variance (one - way
ANOVA)can be used. ( - ) इ

A Only one sample

B Two independent samples

C More than two independent samples ध

D Two or more related samples ध ध

If price elasticity of demand for a product is द 2 औ

2 and its price falls from Rs 10 to Rs. 8. Then
Q.No: 39 10 . 8 .
its demand which was 500000 units at price
Rs. 10, will be_____ 500000 इ , ----
A 1000000 1000000
B 700000 700000
C 600000 600000
D 400000 400000

Q.No: 40 Motivational process is basically ----

A Intellectual Process

B Physiological Process

C Psychological Process

D Emotional Process

Which statement about hypothesis is not

Q.No: 41
true?
A hypothesis is an unproven statement
or proposition about a factor or
A
phenomenon that is of interest to the ध ध
researcher

Hypothesis are declarative and can be औ

B
tested empirically

It is possible to formulate hypothesis in

C
all situations
An important role of a hypothesis is to ध
D suggest variables to be included in the
research design

______ refers to an extraneous variable that

occurs test units with extreme scores move ______ द
Q.No: 42
closer to the average score during the course इ इ औ
of the experiment.

A Instrumentation

B Statistical regression

C Selection bias

D None of the these are correct

 A measure of central tendency given as the ऊ औ
Q.No: 43 value above which half of the values fall is
the ____. ----

A Mean औ

B Mode ठ /

C Range

D Median

Which of the following is not a form of non द

Q.No: 44
probability sampling?

A Convenience sampling ध

B Cluster sampling

C Quota sampling

D Snowball sampling

Q.No: 45 The mission of an organization is :

A Basic purpose of its establishment

A statement guiding an organization

B ठ
performance standards
Its basic long - term economic
C आ
objectives

D Optimum utilization of recourses ध

The mean squared deviation of all the values औ ---

Q.No: 46
from the maen is the ____.

A Standard deviation

B Variance

C Coefficient of variation

D Interquartile range :
 Probability Density function of the Normal
Q.No: 47
Distribution is ___________

D None of these are correct

Standard deviation of Poisson distribution is

Q.No: 48
…………

There are three methods of assigning

probabilities
(i) Classical method of assigning (i)
Q.No: 49
probabilities (ii) औ
(ii) Subjective probability and
(iii) ____________
(iii) _____________

A Continuous frequency of Occurrence आ

B Subjective frequency of Occurrence आ

C Relative frequency of Occurrence आ

D Judgmental frequency of Occurrence आ

If everyone who is faced with a similar द

situation responds in the same way,
Q.No: 50 , द
attribution theory states that the behaviour
shows ---- द :

A Consensus आ

B Similarity
C Reliability

D Consistency

Part-B

, द
If Business purchase method of accounting is
Q.No: 1 followed in case of business takeover of a
company by a company :

Assets & liabilities taken over recorded औ

A
by purchasing company at book value

Assets and liabilities taken over recorded औ

B
by purchasing company at market value

Assets and liabilities taken over recorded औ

C
by purchasing company at agreed value

Assets and liabilities taken over recorded औ

D
by purchasing company at per its choice

Which of the following statements is most

Q.No: 2 ?
correct?

ध
Stock repurchases can be used by firms
to defend against hostile takeovers since
A
they increase the proportion of debt in a ऋ
firms capital structure.

3- -1 ध ,
After a 3-for-1 stock split, a company's
B price per share value will fall and its औ
number of shares outstanding will rise

Investors can interpret a stock

repurchase by a firm as a signal that the ध
C
firm's manager believe the stock is
underpriced.

D All are correct

 If a person of age 58 years, has agriculture द 58 2,00,000
income Rs.2,00,000 and non- agricultural - 5,00,000 औ 80C-
Q.No: 3 income Rs.5,00,000 with no deductions under
sec 80C-80U Income tax payable [excluding 80U , द
education cess] will be ( ) :

A Rs.50,000 50,000

B Rs.20,000 20,000

C Rs.45,000 45,000

D Rs.25,000 25,000

An individual has to pay income tax on his all द द -

Q.No: 4
income if he is ---- :

A Resident

B Resident but not ordinary resident

C Non resident

D Resident and ordinary resident औ

द 4,00,000 औ 6,00,000
If profit is Rs.4,00,000 & fixed cost is
Q.No: 5 Rs.6,00,000 with PV ratio 40% sales at BEP , - 40% - द द -----
must be

A Rs.25,00,000 25,00,000

B Rs.10,00,000 10,00,000

C Rs.6,00,000 6,00,000

D Rs.15,00,000 15,00,000

Heavy use of Off-balance sheet lease इ

Q.No: 6
financing will tend to ----

Make a company appear more risky than ध

A it actually is because its stated debt ratio
will appear higher ऋ ध
 Make a company appear less risky than it
B actually is because its stated debt ratio
will appear lower ऋ

Have no effect on either cash flows or ,

C risk because the cash flows are already
reflected in the income statement आ

D None of these are correct

If the standard deviation is 13.4% and the द 13.4% औ

Q.No: 7 number of observations is 10, what is the
standard error? 10 ,

A 4.23% 4.23%
B 2.4% 2.4%
C 0.47% 0.47%

D None of these are correct

For an individual, to become resident, his ,

stay in India in the previous year has to be at ---- द ,
Q.No: 8 least -----[ if he has not been in India for at
least 365 days in four years previous to [ द 365 द
previous year] :]

A 180 days 180

B 181 days 181

C 182 days 182

D 365 days 365

Q.No: 9 Surety get discharged , द

A If debtor does not pay ऋ

If creditor gives time to debtor at his

B ध
request of his friend
If the creditor sales security given to
C
him

D If creditor discharges the debtor ऋ ऋ

Q.No: 10 Budgetary control means

A Preparing budgets

Comparing actual with budjet and , औ

B
analyses & follow up of variances

C Revising budget ध

D Finding variances

If budgeted production over heads are द द 80000 औ

Rs.80000/- and budgeted production is द 10,000 ,
Q.No: 11 10,000 units while actual over heads are
Rs.70000 and actual production is 11000 70000 औ द 11000 ,
units its is a case of ---

A Over absorption Rs.3000 3000 ध

B Over absorption of Rs.70000 70000 ध

C Under absorption of Rs.30000 30000

D Over absorption of Rs.18000 18000 ध

Self assessment is done under sec -------- of ----

Q.No: 12
income tax act

A 144 144
B 147 147
C 140 140
D 142 142
Question Deleted

Q.No: 13 Separate entity concept means इ

Business concern is a legally recognized

A
person
Owners of business concern and
B business concern both are separate औ
from each other
Business concern separate from its
C
customers

D Business concern separate from its

 suppliers

----
The tax shield would result in
(i) द द
(i) Increase in tax liability
Q.No: 14 (ii) increase in EPS (ii) EPS द
(iii) decrease in EPS (iii) EPS
(iv) decrease in tax liability
(iv) द

A (ii) and (iv) (ii) औ (iv)

B (i) and (iii) (i) औ (iii)

C (i) and (iv) (i) औ (iv)

D (iii) and (iv) (iii) औ (iv)

Venture capital funds are generally organized

Q.No: 15 फ ----
as

A Proprietorships

B Corporations

C Limited private partnerships

D None of these are correct

Implied warranties and conditions in contract

Q.No: 16 :
of a sale are applicable :

A In all contracts of sale -

In only those contract of sale where - ध

B
they are included in the contract

In all contract of sale even if they are - , ध

C
excluded as per the terms of contract

ध ध - ,
In all contract under sale of goods act
D unless they are specifically excluded as ध
per terms of contract
 A derivative is a financial instrument whose ---
Q.No: 17
value is determined by:

A A regulatory body such as the FTC FTC

B An underlying asset

C Hedging a risk

D Speculation

Which is the most suitable base for deciding द द

Q.No: 18
production over head recovery rate?

A Raw material consumption cost

B Prime cost

C Production cost

Hours of machinery working / direct

D /
labour hour working

Willingness to pay minus actual payment is इ

Q.No: 19
called , ----

A Consumer's surplus ध

B Producer's surplus ध

C Utility surplus

D Supplier's surplus ध

Q.No: 20 Joint products will be further processed if द , द

They are easily salable after further

A आ आ
process

B Total sales proceeds are more than cost आ ध

Value added by further processing is आ

C
more than further process cost ध ध

D If price rise is expected

 The though and detailed study regarding औ
Q.No: 21 jobs within an organization is represented
by; -----

A Job analysis

B Job description

C Job specification

D Job evaluation

The process of choosing individuals who have द

Q.No: 22 relevant qualifications to fill existing or
projected job openings is____ ---

A Screening process

B Selection process

C Interview process

D Pre-screening process -

Why are employers interested in employee

Q.No: 23
engagement?

To encourage employees to trust their ध

A
manager

B To make a quick profit

C To make employees work harder for less ठ

Because engaged employees are more ध

D motivated and prepared to give their
best to make the firm succeed औ ठ

Firing the non-performing employees, HR - द

Q.No: 24
manager is said to perform the -- द

A Interpersonal role

B Informational role

C Supportive role
D Decisional role

Which of the following component of attitude

Q.No: 25 represents a person's opinions knowledge,
and information? ,औ

A Affective component

B Cognitive component

C Behavioural component

D Objective component

What is meant by the term 'management by

Q.No: 26 द
objectives'?
A system of giving the authority to carry ध ध
A out certain jobs by those lower down
the management hierarchy ध

The system of management that is ध

B based on bringing together experts into
a team आध

The setting of objectives to bring about

C ध ध
the achievement of the cooperate goals
The control of the Organization by those
D ध ठ
in the 'head office'

Which of the following test indicates the

person's inclination towards a particular
Q.No: 27
occupation that provides satisfaction to that इ द
individuals?

A Vocational interest test

B Cognitive aptitude test

C Personality test

D Psychomotor abilities test

Q.No: 28 Which of the following is a key HR role? HR

A Personal administrator
B Business ally

C - Payroll advisor

D ठ Organization geographer

Q.No: 29 Executive recruiters are also called _______ ---

A Head hunters -

B Staffers

C Alternative staffing companies

D Contract technical recruiters

Which of the following is not true of the

Q.No: 30
activity known as job analysis? ?

A The rate of pay for the job is fixed.

The job elements are rated in terms आ

B such as frequency of use or amount of
time involved ,

It aims to describe the purpose of a job औ ,

C and the conditions under which it is
performed
Jobs are broken into elements such as
D information required or relations with
other people आ ध

The objective of wealth maximization takes ----

Q.No: 31
into account

A Amount of returns expected

B Timing of anticipated returns

Risk associated with uncertainty of

C
returns

D All are correct

 द 10% औ
If the normal rate of interest is 10% per
Q.No: 32 annum and there is quarterly compounding द , द ----
the effective rate of interest will be:

A 10% per annum 10

B 10.10% per annum 10.10

C 10.25% per annum 10.25

D 10.38% per annum 10.38

Risk of two securities with different expected द ---

Q.No: 33
return can be compared with

A Coefficient of Variation

B Standard deviation of securities

C Variance of Securities

D None of these are correct

Required rate of return > Coupon rate, the द द > द ,

Q.No: 34
bond will be valued at :

A Premium

B Par value

C Discount

D None of these are correct

Net operating profit ratio determines -----

Q.No: 35
_________ while net profit ratio determines औ --

Overall efficiency of the business,

A , ध
working efficiency of the management
working efficiency of the management,
B ध ,
Overall efficiency of the business
Overall efficiency of the external ,आ ध
C market, working efficiency of the
internal management
D None of these are correct

Higher the ratio , the more favourable it is ,

Q.No: 36
doesn't stands true for

A Operating ratio

B Liquidity ratio

C Net profit ratio

D Stock turnover ratio धआ

Which of the following are sources of funds?

a. Issue of bonus shares ( )
b. Issue of shares against the purchase of
Q.No: 37 ( ) द
fixed assets
c.Conversion of debentures into shares ( )
d. Conversion of loans into shares ( )

A a and c ( )औ ( )

B a and d ( )औ ( )

C a, b, c and d ( ), ( ), ( ) औ ( )

D None of these are correct

Using equation method, Break-even point is द- द

Q.No: 38
calculated as :

Sales = Variable expenses + Fixed

A = + +
expenses + Profit
Sales = Variable expenses + Fixed
B = + -
expenses - Profit
Sales = Variable expenses - Fixed
C = - +
expenses + Profit

D None of these are correct

In which year Justice Department charged

Q.No: 39 the accounting firm of Arthur ANderson for
obstruction of justice? फ
A 2000 2000
B 2001 2001
C 2002 2002
D 2003 2003

This is not the characteristic of a good test

Q.No: 40
market

A Representativeness ध

B Self-contained media आ

C Market isolation

D Expanded trading area

This strategy involves selling a product from द

Q.No: 41 a home base, usually without any product
modification. द :

A Exporting

B Licensing

C Joint venture

D Manufacturing

This marketing component is most likely to इ

Q.No: 42
be standardized

A advertising

B brand

C price

D distribution

The most important reason behind the

Q.No: 43
utilization of market segmentation is

A market heterogeneity ध
B positioning

C test marketing

D product life cycle

Which of the following is not a brand's

Q.No: 44 इ
function?

A creating identification

B guaranteeing quality level

C helping with promotion

D lowering production cost

Q.No: 45 This function is not performed by the IMF. . . फ. _____

A Regulatory

B consultative

C elective

D financial

Q.No: 46 Standard error is estimated as _____

Average annual rate of return divided by औ

A the square root of the number of
observations
Standard deviation of the returns
B divided by the square root of the
number of observations
Variance divided by the number of
C
observations

D None of these are correct

_____ are about organizations seeking gaps

Q.No: 47 in broad market segments or finding gaps in द
competitors product ranges ____
A Market niche strategies

B Differentiation

C Cost leadership

D Focus strategies

Which of the following is an advantage of a

Q.No: 48 इ द फ द
brand less product?

A Product differentiation

B repeat sales

C quality flexibility

D premium pricing ध

Knowledge which is difficult to define and औ द

Q.No: 49
codify is known as: ____

A Explicit

B Tangible

C Tacit

D Random

Diversification into many unrelated areas is

Q.No: 50 द
an example of :

A Risk Management ध

B Good Management ध

C Uncertainty Reduction

D Sustainability

Match List I (Financial Statements and I( औ ) II

Accounts) with List II (special matters
Q.No: 51 ( औ
associated with statements and accounts) and
select the correct answer using the codes औ द
 given below the lists: द :

A a-II, b-I, c- IV, d-III ( ) -II, ( ) -I, ( )- IV, ( ) -III

B a-III, b-II, c-IV, d-I ( )-III, ( )-II,( )-IV, ( ) -I

C a-II, b-I, c- III, d-IV ( )-II, ( ) -I, ( )-III, ( )-IV

D a-I, b-II, c- IV, d-III ( )-I, ( )-II, ( )-IV, ( )-III

International Bank for Reconstruction and

Q.No: 52 औ :
Development is:

A IMF आ . .

B World Bank

C SIDBI

D NABARD

Q.No: 53 CRISIL promoted by ____

A RBI आ . .आ

B SBI . .आ

C ICICI आ . .आ . .आ

D Ministry of Finance
 Match the following

Q.No: 5
4

A a-III, b-II, c- IV, d-I ( )-III, ( )-II, ( )-IV, ( )-I

B a-III, b-IV, c- I, d-II ( ) -III, ( )-IV, ( )- I, ( )-II

C a-II, b-IV, c- III, d-I ( )-II, ( )-IV, ( )-III, ( )-I

D a-IV, b-I, c-III, d-II ( )-IV, ( )-I, ( )- III, ( )-II

Q.No: 55 The least profitable entry strategy is द

A Licensing

B Joint Venture

C Manufacturing

D Foreign direct investment

Q.No: 56 Which of the following is odd one?

A ASEAN

B SAARC

C IMF आ . .

D NAFTA

Q.No: 57 Corporate governance is concerned with: ____ :

Executive remuneration, disclose of

information, auditing and accounting , , औ
A
procedures, and organizations and ,औ ठ ध
management structures
B Elections to the board of directors

Relationships with national

C ध
governments

D Corporate - level strategy

In terms of the PESTLE analysis, the द , औ

liberalizing of international trade and tariff
Q.No: 58 फ द
regimes could go in which section or
sections?

A Political

B Legal

C Political and economic and legal ,आ औ

D Political and environmental औ

If everyone who is faced with a similar द

situation responds in the same way,
Q.No: 59 , द
attribution theory states that the behavior
shows ____ द

A Consensus आ

B Similarity

C Reliability

D Consistency

Which of the following is not one of the four

Q.No: 60
management functions?

A Controlling

B Planning

C Staffing

D Organizing ठ

Q.No: 61 Robert Katz identified three essential skills ,

 that managers need to have in order to
reach their goals. What are these skills?

A Technical, decisional and interpersonal , औ

B Technical, human and conceptual , औ

Interpersonal, informational and

C , औ
decisional
Conceptual, communication and
D , औ
networking

For practical purposes, the difference ,

between the concept of international
Q.No: 62 औ
marketing and the concept of multinational
marketing is ___

A Significant

B Insignificant

C Meaningful

D Adequate

द द
A country should export a product that it can
Q.No: 63 produce at a lower cost than other nations द द
can. This is the principle of इ द

A Absolute advantage

B Comparative advantage

C Relative advantage

D Factor endowment

द औ
This kind of tax is collected at each point in
Q.No: 64 the distribution chain and levied on the total द ____
value of a product

A Single- stage sales tax

B Value added tax ध

C Cascade tax
D Duty

This theory states that advanced countries इ द द

extract surplus value from their less-
Q.No: 65 द ,इ
developed counterparts, thus leaving them
undeveloped.

A Multiplicity of politics

B Absolutist system

C Capitalism

D Dependency

This is not a characteristic of "centrally

Q.No: 66
planned economics".

A A communist philosophy

B Market - oriented economy

An active government role in economic

C आ
planning

D Bureaucratic political/economic system ,आ

The duties stated as a fixed percentage of

Q.No: 67
the invoice are ____

A Specific duties ठ

B Ad valorem duties

C Compound duty

D Combined rates

This law system spells out the law on all द द

Q.No: 68 legal questions and does not rely on previous
court decisions. औ द फ

A Code law

B Common law
C Muslim law

D Civil law

This is not a characteristic of a good test

Q.No: 69
market.

A Representativeness ध

B Self-contained media

C Expanded trading area

D Market isolation

The Base of Signimicants of Industrial

Q.No: 70 औ .
Market.

A Kind of Business

B Usual Purchasing Processing

C Size of Consumers आ

D All of these are correct

This entry strategy involves having an

द , ,
agreement that permits a foreign company
Q.No: 71 to use industry property, technical इ इ
knowledge, or engineering design in a ऊ ____
foreign market.

A Exporting

B Licensing

C Joint venture

D Manufacturing

Q.No: 72 Terms of International Trade are : :

A Net Barter terms of trade

B Income terms of trade आ

C Double-factor terms of trade ध

D All of these are correct

This product characteristic explains why

carpet or vacuum cleaners are not needed in
Q.No: 73 द फ द -
countries, which people like to sweep and
mop floor daily. द

A Relative advantage

B Compatibility

C Observation

D Complexity

The innovating firm's sales and export इ फ औ

Q.No: 74
volumes are kept stable in this stage of IPLC. इ

A overseas innovation

B Maturity

C World wide imitation

D Reversal

Every year the residential status of an

Q.No: 75 द :
assessee :

A Will certainly change

B will not change

C May change

D None of all these