UGC NET/JRF EXAM, (MANAGEMENT) December 2019

Total Questions: 100

51. Identify the correct combination of properties of point estimates from the options given below:

(a) Efficiency
(b) Consistency
(c) Adequacy
(d) Unbiasedness

Choose correct option :

Correct Answer: (d) (a),(b) and (d)
Solution:The correct combination of properties of point estimate from the options given are:-
(1) Efficiency→ It is a quick method of testing the two unbiased estimators for a parameter which of the two is better.

(2) Consistency→ It defines the intimacy of the point estimator to the real value of the parameter as it gets large.

(3) Unbiasedness→ Unbaisedness in point estimator is when the expected value of the point estimator is equal to the population parameter.

52. At a given significance level, sample results in the rejection region are called

(a) Statistically significant
(b) Statistically insignificant
(c) Statistically critical
(d) Confidence interval

Select correct option :

Correct Answer: (a) (a) and (c) only
Solution:A critical region also known as the rejection region, is a set of values for the test statistic for which the null hypothesis is rejected.

If the observed test statistic is in the critical region then we reject the null hypothesis and accept the alternative hypothesis.

If the number falls in the critical regions area, then your relationship is statistically significant, and you are able to reject the null hypothesis.

53. The difference between the point estimate and the true value of population parameter being estimated is known as

(a) Sampling error
(b) Estimation error
(c) Probable error
(d) Standard error

Choose the correct option from the options given below:

Correct Answer: (c) (a) and (b) only
Solution:Sampling error or estimation error refers to the difference between the point estimate and the true value of the population parameter being estimated.

Probale error is the value that is added and subtracted from the coefficient of correlation to find out upper and lower limit.

Standard errors measures the accuracy which sample distribution represents its population by using its standard deviation.

54. 'Collusion' is one of the co operative strategies in business combination that

(a) may be explicit
(b) may be tacit
(c) may reduce technological risk
(d) may be illegal in many countries

Which of the following option is correct?

Correct Answer: (d) (a), (b)and (d)
Solution:Collusion is a one of the co-operative strategy in business combination that -

(i) May be explicit
(ii) May be tacit
(iii) May be illegal is many countries.

55. Identify the right combination of primary data collection methods from the following :

(a) Observation
(b) Experimentation
(c) Corporate database
(d) Survey method

Choose the correct option:

Correct Answer: (c) (a), (b) and (d)
Solution:The process of gathering data directly from the source is called primary data collection.
  • It includes the observation, interviews, Experimentation, Survey etc.
  • Secondary data collection methods include observation and data collected from the other sources methods include books, magazines, published or unpublished data.

56. Gains to corporate restructuring originates and derived from

(a) Resource re-allocation
(b) Market power
(c) Macro conditioning
(d) Operating synergy

Which option is correct?

Correct Answer: (c) (a), (b) and (d)
Solution:Gains to corporate restructuring originates and derived from resource reallocation, market power, and operating synergy. Corporate restructuring is a process of rearranging a company's management finances and operations to increase its productivity and effectiveness.

57. The reasons behind the growth of financial markets globally are

(a) Currency Fluctuations
(b) Deregulation
(c) International Banks
(d) Information Technology

Select correct option :

Correct Answer: (d) (b), (c) and (d)
Solution:The reasons behind the growth of financial markets globally are-

(i) Deregulation
(ii) International Banks
(iii) Information Technology

58. Entrepreneurs are motivated to start business enterprise because of various factors:

(a) Ambitious factors
(b) Compelling factors
(c) Facilitating factors
(d) Family factors

Which of the following options is correct?

Correct Answer: (d) (a), (b), (c)and (d)
Solution:Entrepreneurs are motivated to start business enterprise, because of various factors which are Ambitious factors, compelling factors, facilitating factors and family factors etc.

59. Whistle blowing is normally unjustified in case of the following :

(a) Ulterior motive, Breach of trust
(b) To protect public interest
(c) Insufficient evidence
(d) To inspire other employees

Choose the correct option:

Correct Answer: (b) (a) and (c)
Solution:Whistle blowing is exposing secretive activities or any information that is deemed unethical, illegal, not correct with in an organization whether public or private.

But it proves unjustified when it is based upon some ulterior motive breach of trust and whistle blower is not having any sufficient evidence. Thus option B is correct.

60. On which of the following principles is Andrew Carnegie's view on Corporate Social Responsibility, as reflected in his book, 'The Gospel of Wealth' based?

(a) Peter Principle
(b) Scaler Principle
(c) Charity Principle
(d) Steward principle

Choose the correct option from the following :

Correct Answer: (c) (c) and (d) only
Solution:In 1899, Andrew carnegie (1835, 1919) founder of the conglomerate US steel corporation published a book called 'The Gospel of wealth' which set forth the classic statement of corporate social responsibility. Carnegie's view was based on two principles, the charity principle and the "stewardship" principle.