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

Total Questions: 100

51. Out of the following, which are the most common error committed by Entrepreneurs?

A. To anticipate roadblocks
B. No commitment or dedication
C. Proposing market niche (Segment)
D. Lack of demonstrated experience
E. No realistic goals
Choose the correct answer from the options given below:

Correct Answer: (b) B, D and E only
Solution:

Most common error committed by entrepreneurs:
• No commitment or dedication
• No realistic goals
• Lacking focus
• Cheesing the wrong investor
• Not listening to customers.

52. Identify the drivers for increased Foreign Institutional Investment flows in Indian stock markets in recent times

A. Covid-19 pandemic driven liquidity outflows from the western capital markets
B. Geopolitical supply chain relocations
C. Increased India weightage in MSCI Emerging Market Index
D. Steep decline in interest rates in large market friendly economies
E. Favorable risk-reward ratios in Indian stock markets.
Choose the correct answer from the options given below:

Correct Answer: (d) A, B, C and D only
Solution:

Identify the drivers for increased foreign Institutional investment flows in Indian stock markets in recent times.
• Covid-19 pandemic driven liquidity outflows from the western capital markets.
• Geopolitical supply chain relocations.
• Increased India weigh tag in MSCI emerging market index.
• Steep decline in interest rates in large market friendly economies.

53. Notable myths about Entrepreneurs and Entrepreneurship are

A. Entrepreneurs are academics and social misfits
B. Entrepreneurs must fit into an ideal profile
C. Entrepreneurs are doers and thinkers
B. Entrepreneurs must fit into an ideal profile
C. Entrepreneurs are doers and thinkers
D. All Entrepreneurs need is money
E. Entrepreneurs are not born but made
Choose the correct answer from the options given below:

Correct Answer: (c) A, B and D only
Solution:Myths about entrepreneurs and entrepreneurship are:
• Entrepreneurs are academics and social misfits.
• Entrepreneurs must fit into an ideal profile.
• All entrepreneurs need is money
• Entrepreneurs are young.
• Entrepreneurs have to take huge risks.
• Entrepreneurship is genetic
• Entrepreneurs have formal training and education.

54. The reasons why firms enter into strategic alliances are:

A. Enter new markets
B. Abide by government regulations
C. Reduce manufacturing costs
D. Developing and diffusing technology
Choose the correct answer from the options given below:

Correct Answer: (d) A, C and D only
Solution:

A firms may enter into a strategic alliance to expand into a new market, improve its product line, reduce manufacturing costs, developing and diffusing technology or develop an edge over a competitior.

55. Out of the following, which are the CORRECT forms of Product Life Cycle:

A. Bell-shaped PLC
B. Scalloped PLC
C. Cycle-Recycle PLC
D. Growth-Slump PLC
Choose the correct answer from the options given below:

Correct Answer: (d) A, B and C only
Solution:

56. Which of the following denote the CORRECT set of unrecognized form of organizational justice?

A. Procedural justice
B. Shareholder justice
C. Collateral justice
D. Internactional justice
Choose the correct answer from the options given below:

Correct Answer: (b) B and C only
Solution:

herefore, shareholder justice and collateral justice is unrecognised form of organistional justice.

57. Once a company has appointed dealers, the main elements of dealer motivation then are:

A. Territory of operation
B. Trade discount
C. Special incentives
D. Effective communication
Choose the correct answer from the options given below;

Correct Answer: (b) B, C and D only
Solution:

Main element of dealer motivation:
• Trade discount
• Special incentives
• Effective communication
• Let people pick their own rewards
• Give great rewards.

58. In consumer markets, for a market segment to be an effective and viable target, the segment should be:

A. Identifiable
B. Reachable
C. Transcending international boundaries
D. Sizeable
Choose the correct answer from the options given below:

Correct Answer: (b) A, B and D only
Solution:

Requirements of effective segmentation:
Measurable → Size, purchasing power, profiles of segments can be measured. Accessible → Segments can be effectively reached and several.
Substantial → Segments are large or profitable enough to serve.
Differential→ Segments must respond differently to different marketing mix elements & programs.
Actionable → Effective programs can be designed to attract and serve the segments.

59. To gain sustainable competitive advantage in low cost manufacturing, Indian businesses are expected to

A. Reduce production cost, sacrifice profits and advertise more
B. Support MSMES, to strengthen the supply chain
C. Adopt product differentiation and focus more on innovations
D. Bridge trust deficit and gain support from the public, workers and policy markers
Choose the correct answer from the options given below:

Correct Answer: (d) B, C and D only
Solution:

Sustainable competitive advantage:
• Support MSMEs, to strengthen the supply chain.
• Adopt product differentiation and focus more on innovations.
• Bridge trust deficit and gain support from the public, workers and policy markets.
• Strategically acquired assets
• Skilled labour and management.

60. Which of the following are necessary conditions for applying Simeon Denis Poisson distribution in the field of managerial decision making?

A. Each occurrence of an event is independent of the occurrence of the other event
B. The probability of an occurrence is the same for any two intervals of equal length
C. Poisson distribution describes continuous occurrences over a specific time interval
D. In each interval, occurrences can range from zero to infinity
Choose the correct answer form the options given below:

Correct Answer: (c) A, Band D only
Solution:

Necessary condition for use of a poisson distribution.
• Each occurrence of an event is independent of the occurrence of the other event.
• The probability of an occurrence is the same for any two intervals of equal length.
• In each interval, occurrence, can range from zero to infinity.
• The average rate of occurrence does not change during the period of interest.