UGC NTA NET/JRF Exam, Management, December-2020/June-2021

Total Questions: 100

31. In statistical quality control the expected process variation (natural tolerance) is commonly taken to be

Correct Answer: (c) µ±3σ
Solution:

Statistical quality control may be broadly defined as that industrial management technique by means of which product of uniform acceptable quality are manufactured. It is mainly concerned with setting things right rather then discovering and rejecting those made wrong.
In statistical quality control, the expected process variation is commonly μ± 3σ.

32. Who is widely credited for placing Japan as a world leader in the quality of its manufactured products?

Correct Answer: (b) Deming W.E.
Solution:

W. Edwards Deming introduced statistical quality control to the Japanese in the early 1950s when Japan was recovering from world war II and trying to overcome a reputation for shoddy workmanship. Deming guidance was instrumental in transforming "Made in Japan" from a liability to an asset.

33. A transportation problem with m origins and n destinations becomes a trans-shipment problem with.

Correct Answer: (a) (m+n) sources and (m + n) destinations
Solution:

The transportation problem seeks to minimize the total shipping costs of transporting goods from m origins (each with a supply Si) to n destinations (each with a demand dj) when the unit shiping cost from an origin, i, to a destination, j, is cij.
Therefore, A transportation problem with m origins and n destination s becomes a trans-shipment problem with (m+n) sources and (m+n) destinations.

34. When is a firm not expected to prefer FDI to licensing?

Correct Answer: (c) The firm faces high transportation costs and tariffs
Solution:

A firm not expected to prefer to FDI for licensing when the firm faces high transportation costs and tariff.

35. In the context of Data Mining, which one of the following is a method of Data Reduction?

Correct Answer: (b) Data Compression
Solution:

"Data reduction is the transformation of numerical or alphabetical digital information derived empirically or experimentally into a corrected, ordered and simplified form"
Data reduction methods in data mining such as:
• Dimensionality Reduction
• Numerosity Reduction
• Data Cube Aggregation
• Data Compression
• Discretization operation

36. In the context of the international Monetary System, the case for a fixed exchange rate regime claims:

Correct Answer: (b) The goods and service manufactured in the country become more comptetive in international markets
Solution:

The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band. Fixed exchange rates provide greater certainty for exporters and importers and help government maintain low inflation. Therefore, in the context of the International monetary system, the case for a fixed exchange rate regime claims the goods and service manufactured in the country become more competitive in international markets

37. The computer system most likely to be used by a large bank for the savings account of a customer would be:

Correct Answer: (a) An on-line, real-time system
Solution:

The computer system most likely to be used by a large bank for the saving account of a customer is An on-line, real time system, because it is fixed on the computer data base system.

38. Which one of the following is NOT desirable while handing a grievance?

Correct Answer: (b) Make arrangement with individual employees that are inconsistent with the labour agreement
Solution:

Features of desirable while handling a grievance.
• The union will identify specific contractual provisions allegedly being violated.
• Hold the grievance discussions privately
• Examine the grievant personnel's record.
• Make your decision and inform the employee. Therefore, make arrangement with individual employees that are inconsistent with the labour agreement is not desirable while handing a grievance.

39. Entrepreneurs who are characterized by a refusal to adopt opportunities and make changes in production systems even if it affects the returns of the oraganisation are called

Correct Answer: (d) Drone Entrepreneur
Solution:

Drone entrepreneurs who refuse to copy or use opportunities that come on their way. They are conventional in their approach. They are not ready to make changes in their existing production methods even if they suffer losses. Therefore, entrepreneurs who are characterised by a refusal to adopt opportunities and make changes in production systems even if it affects the returns of the organisation are called is Drone entrepreneurs.

40. Which one of the following is NOT a part of the current account of a country's balance of payments?

Correct Answer: (b) Portfolio investment
Solution:

A portfolio investment is ownership of a stock, bond or other financial asset with the expectation that it will earn a return or grow in value over time or both.
Portfolio investment is part of stock market not a part of the current account of a country's balance of payments. Current account of a country's balance of payments part is import of goods, Investment income and export of goods.