UGC NET/JRF EXAM, (MANAGEMENT) December 2019

Total Questions: 100

61. Which one of the following is NOT the Prominent objective of human resource planning?

(a) To prevent overstaffing and understaffing
(b) To ensure employee availability
(c) To provide direction to all HR activities
(d) To evaluate the performance of the employees

Correct Answer: (d) To evaluate the performance of the employees

Solution:Objectives of Human resource Planning are:-

(i) Assessing manpower needs for future and making plans for recruitment and selection.
(ii) Assessing skill requirement in future for the organisation.
(iii) Determining training and development needs of the organisation.
(iv) Anticipating surplus or shortage of staff and avoiding unnecessary detentions.
(v) Controlling wage and salary costs.
(vi) Ensuring optimum use to human resources in the organisation. (vii) Helping the organisation to cope with the technological development and modernization.
(viii) Ensuring career planning of every employee of the organisation and making succession programmes.
(ix) Ensuring higher labour productivity. Hence, to evaluate the performance of the employee is not the prominent objective of human resource planning.

62. Assertion (A): Foreign trade policy is an important instrument that incentivise the exporters of the country

Reasons (R): It is important for exporters of our country to have knowledge of foreign trade policy

Which of the following option is correct?

(a) Both (A) and (R) are correct and (R) is the correct explanation of (A)
(b) Both (A) and (R) are correct but (R) is not the correct explanation of (A)
(c) (A) is correct but (R) is not correct
(d) Both (A) and (R) are incorrect

Correct Answer: (b) Both (A) and (R) are correct but (R) is not the correct explanation of (A)

Solution:Assertion (A): Foreign trade policy is an important instrument that incentives the exporters of the country.
Reasons (R): It is important for exporters of our country to have knowledge of foreign trade policy.
Here, Both (A) and (R) are correct but (R) is not the correct explanation of (A).

63. Methods of off-the-job training are :

(a) lectures, simulations and laboratory training
(b) role playing, vestibule training and video presentation
(c) job rotation and coaching
(d) job instruction training

Choose the correct option

(a) (a) and (c)
(b) (a) and (b)
(c) (b) and (d)
(d) (b) and (c)

Correct Answer: (b) (a) and (b)

Solution:The Off the job training, is the training method wherein the workers/employees learn their job role away form the actual work floor.

Methods of Off the job training are lectures, simulation, vestibule training and video presentation, role playing games management case studies, job rotation and coaching.

64. Psychological barriers in communication take place due the following reasons :

(a) Premature evaluation, lack of attention
(b) Organizational facilities, status relationships
(c) Poor retention, lack of reliance
(d) Hierarchy, organization policies

Choose the correct option :

(a) (a) and (b)
(b) (a) and (c)
(c) (b) and (c)
(d) (b) and (d)

Correct Answer: (b) (a) and (c)

Solution:The reasons of psychological barriers are -
(a) Premature evaluation
(b) Distrust
(c) Emotions
(d) Lack of attention
(e) Poor retention
(f) Loss by transmission.

65. Novation, a feature of future exchanges stipulate

(a) Future contracts are traded in an exchange
(b) Exchange becomes a counter-party for all trades
(c) Futures contracts delivery dates are standardised
(d) Credit risk using intricate system of margins

Correct Answer: (b) Exchange becomes a counter-party for all trades

Solution:Novation, a feature of future exchange stipulates that exchange becomes a counter-party for all trades Novation is an intermediary and acts as a clearing agent in case of stock exchange.

It takes guarantee if another party in the contract defaults in payments, so here exchange becomes a counterparty for all trades.

66. Match the following approaches of moral reasoning with their propounders:

Moral Reasoning	Propounders(s)
(a) Consequentialism Approach	(i) Thomas Hobbes, Ayow Rand
(b) Deontological Approach	(ii) Aristotle
(c) Natural law theory	(iii) Ronald F. White
(d) Theological Approach	(iv) W.D. Ross, John Rawls

Choose the correct option from the following :

(a) (a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)
(b) (a)-(ii), (b)-(iii), (c)-(i), (d)-(iv)
(c) (a)-(i), (b)-(iv), (c)-(ii), (d)-(iii)
(d) (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)

Correct Answer: (a) (a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)

Solution:Correct matching -

Moral Reasoning	Propounders(s)
(a) Consequentialism Approach	(i) Thomas Hobbes, Ayow Rand
(b) Deontological Approach	(iv) W.D. Ross, John Rawls
(c) Natural law theory	(iii) Ronald F. White
(d) Theological Approach	(ii) Aristotle

67. Match the terms with the statement given below:

List-I	List-II
(a) Human behaviour results from a continuous and multidirectional interaction between the person and the situation	(i) Interactionalism
(b) People are central to the organization and they must be developed to their potential	(ii) Productivity Approach
(c) Manager's efficiency depends on optimum utilization of resources	(iii) Contingency Approach
(d) The belief that there is no one best option available for an organization	(iv) HR Approach

Select the correct option :

(a) (a)-(i), (b)-(iv), (c)-(ii), (d)-(iii)
(b) (a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)
(c) (a)-(i), (b)-(iii), (c)-(ii), (d)-(iv)
(d) (a)-(ii), (b)-(i), (c)-(iii), (d)-(iv)

Correct Answer: (a) (a)-(i), (b)-(iv), (c)-(ii), (d)-(iii)

Solution:Match matching :-

(a) Human behaviour results from a continuous and multidirectional interaction between the person and the situation → (i) Internationalism.
(b) People are central to the organization and they must be developed to their potential → (iv) HR approach.
(c) Manager's efficiency depends on optimum utilization of resources→(ii) Productivity approach.
(d) The belief that there is no one best option available for an organization. → (iii) Contingency approach.

68. Match the following according to their definition:

List-I	List-II
(a) Career Planning	(i) A process where by an individual sets career goals and identifies means to achieve them
(b) Career development	(ii) A process of enabling employees to better understand and develop their skill and interest and use them for the interest of organization and self
(c) Career management	(iii) The process of analy-sis and identifying the need and availability of human resour-ces so that organiza-tion can meet its objectives
(d) Human resource planning	(iv) Refers to a formal approach used by the firm to ensure that people with proper qualification and experience are avail-able when needed

Choose the correct option

(a) (a)-(ii), (b)-(iv), (c)-(iii), (d)-(i)
(b) (a)-(i), (b)-(iv), (c)-(ii), (d)-(iii)
(c) (a)-(ii), (b)-(ii), (c)-(iv), (d)-(i)
(d) (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)

Correct Answer: (b) (a)-(i), (b)-(iv), (c)-(ii), (d)-(iii)

Solution:

List-I	List-II
(a) Career Planning	(i) A process where by an individual sets career goals and identifies means to achieve them.
(b) Career development	(iv) Refers to a formal approach used by the firm to ensure that people with proper qualification and experience are available when needed.
(c) Career management	(ii) A process of enabling employees to better understand and develop their skill & interest and use them for the interest of organization and self.
(d) Human resource Planning	(iii) The process of analysis and identifying the need and availability of human resources so, that organization can meets its objective.

69. Match the following constructs of asset pricing with its propagators.

List-I	List-II
(a) Mean-Variance portfolio criterion	(i) Black and Scholes
(b) Size and Book to market value portfolios	(ii) Sharpa, Lintner and Mossin
(c) Capital Asset Pricing model	(iii) Fama & French
(d) Derivative (option) pricing	(iv) Markowitz Harry

Choose the correct match from options given below:

(a) (a)-(iii), (b)-(i), (c)-(iv), (d)-(ii)
(b) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)
(c) (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)
(d) (a)-(iv), (b)-(i), (c)-(iii), (d)-(ii)

Correct Answer: (b) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)

Solution:Correct matching -

Assets pricing constructs	Proposer
(a) Mean-variance portfolio criterion	(iv) Markowitz, Harry
(b) Size and Book to market-value portfolios	(iii) Fama & French
(c) Capital Asset pricing model	(ii) Sharpa, Lintner and mossin
(d) Derivative (option) pricing	(i) Black and Schools

70. Match the following constructs with underlying theories on dividend decisions :

List-I Dividend Constructs	List-II Theories on Dividend
(a) Bird-in-the hand argument	(i) M-M theory
(b) Irrelevance of dividends	(ii) Walter Model
(c) Interdependence of investment dividend decisions	(iii) Lintner model
(d) Tax considerations in dividend decisions	(iv) Gordon model

Choose the correct option from those given below:

(a) (a)-(ii), (b)-(i), (c)-(iii), (d)-(iv)
(b) (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)
(c) (a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
(d) (a)-(iv), (b)-(i), (c)-(ii), (d)-(iii)

Correct Answer: (d) (a)-(iv), (b)-(i), (c)-(ii), (d)-(iii)

Solution:Correct matching -

List-I	List-II
(a) Bird-in-hand argument	(iv) Gordon model
(b) Irrelevance of dividends	(i) M.M. theory
(c) Interdependence of investment and dividend decisions	(ii) Walter model
(d) Tax considerations in dividend decisions	(iii) Lintner model