UGC NTA NET/JRF Exam, Management, December-2022

Total Questions: 100

51. Which of the following are considered interlocking elements of a versatile business model?

A. Regulatory support and promoter experience
B. Customer value proposition
C. Financial resources and cost sheets
D. Key resources and processes
E. Profit formula
Choose the most appropriate answer from the options given below.

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

Johnson, Christensen and kagermann (2008) conceptualize a business model as consisting of four interlocking elements, The customer value proposition, the profit formula, key resources and key processes.

52. Which of the following are construed for government intervention to support entrepreneurship and small firms

A. Stimulate demand and new venture creation in the emerging sectors.
B. Decentralised asset ownership and people participation
C. Help firms to adopt new technology to avoid market failure
D. Supporting women participation in business and high-tech firms
E. Export promotion and currency stabilisation

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

Following are construed for government intervention to support entrepreneurship and small firms:-
• Stimulate demand and new venture creation in the emerging sectors.
• Helps firms to adopt new technology to avoid market failure.
• Supporting women participation in business and hightech firms.

53. Indian national strategy for financial inclusion, 2019-24 aims to.

A. Broadening and deepening of financial inclusion
B. Digitisation and seamless facilitation of financial transactions
C. Access to formal financial services in an affordable manner.
D. Women empowerment and strengthening self help group (SHG) ecosystems.
E. Promoting financial literacy and consumer protection
Choose the most appropriate answer from the options given below.

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

The Reserve Bank of India has released a report 'National strategy for financial Inclusion (NSFI):' 2019-2024. following are the aims of financial inclusion are:-
• Broadening and deepening of financial inclusion.
• Access to formal financial services in an affordable manner.
• Promoting financial literacy and consumer protection.

54. Which of the following statements are applicable to value-based pricing concept?

A. Design product to deliver desired value at target price.
B. Set target price to match customer perceived value.
C. Determine costs that can be in current.
D. Convince buyers of product's value.
E. Assess customer needs and value perceptions.
Choose the most appropriate answer from the options given below.

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

following statements are applicable to value based pricing concept which are:-
• Design product to deliver desired value at target price.
• Set target price to match customer perceived value.
• Determine costs that can be incurred.
• Assets customer needs and value perceptions.

55. Which of the following criteria core competencies must meet in order to create value and provide a viable basis for synergy among the businesses in a corporation?

A. Core competencies must be difficult for competitors to imitate.
B. Different business in the corporation must be similar in atleast one important way.
C. Core competence must enhance competitive advantage by creating superior customer value.
D. Core competencies must facilitate business diversification through shared activities with competing firms.
E. Core-competencies must leverage business resources with competing firm to reduce business costs.
Choose the most appropriate answer from the options given below

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

The following criteria core competencies and meet in order to create value and provide a viable basis for synergy among the businesses in a corporation are • Core competencies must be difficult for competitors to imitate.
• Different businesses in the corporation must be similar in at least one important way.
• Core competence must enhance competitive advantage by creating superior customer value.

56. Which of the following Digital marketing statements are correct?

A. Click through Rate is calculated by dividing the total number of clicks by the total number of ad impressions.
B. Long tail keywords are general key words which draw lower customer traffic.
C. Adwords is Google's earned search marketing programme.
D. Search Engine Marketing includes both
E. Ad Auction is the process that Google runs for every Google search to decide which admust appcar for that specific search and in which order these set of ads will be displayed.
Choose the most appropriate answer_ from the options given below.

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

The following Digital marketing statement are correct.
• Click through Rate is calculated by dividing the total number of clicks by the total number of ad impressions.
• Search engine marketing includes both search engine optimization and paid search.
• Ad Auction is the process that Google runs for every Google search to decide which ad must appear for that specific search and in which order these set of ads will be displayed.

57. Which of the following circumstances favour "Sprinkle Approach" for launching products in international markets?

A. The life cycle of the product is relatively short.
B. The competitive intensity of the market is very high with strong and fierce competitors.
C. Cost of entry in markets is relatively high.
D. Firm has large resources to manage simultaneous product launch in multiple markets.
E. The size of the target market is small with low growth potential
Choose the most appropriate answer from the options given below

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

The circumstances favour "sprinkle Approach" for launching products in international markets are as follows:-
The lifecycle of the product is relatively short.
The Competitive intensity of the market is very high with strong and fierce competitors.
Firms has large resources to manage simultaneous product launch in multiple markets. The sprinkler strategy is a market entry strategy based on the principle of diversification in which a company attempts to enter as many markets as possible in a relatively short time.

58. Which of the following characteristics of a data set are understood using the Karl Pearson coefficient of variation?

A. Disparity
B. Consistency
C. Uniformity
D. Homogeneity
E. Unbiasedness
Choose the correct answer from the options given below.

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

T-test → It is used to determine if two population means are equal.
Mann-Whitney 'U' test → It is non-parametric test used to compare outcomes between two independent groups. It is the alternatives test to the independent sample ttest.

59. Which of the following comprises the interdependent troika of waste, overburden and unevenness in the 'lean' manufacturing?

A. Muri: Unreasonable work stress on men and machines
B. Deviations from quality, productivity and breakdowns.
C. Muda: Non value adding work.
D. Uncertainty in task times, in demand and customer's role.
E. Mura: Inconsistency and variation in work flow, speed and quality.
Choose the most appropriate answer from the options given below.

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

The interdependent troika of waste, overburden and unevenness in the 'lean manufacturing comprises the following which are as-
• Muri: Unreasonable work stress on men and machines.
• Muda: Non value adding work.
• Mura: Inconsistency and variation in work flow, speed and quality.

60. Identify the correct statement(s) about Data Warehousing (DW).

A. DW system must be acceptable to regulators and business community.
B. DW system must not be based on open source platforms.
C. DW system must present information attractive to users.
D. DW system must be secure bastion that protects the information.
E. DW system must be adaptive to change.
Choose the correct answer from the options given below

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

Data warehousing is a technology that aggregates structured data from one or more sources so that it can be compared and analyzed for greater business intelligence.
The correct statement (s) about data warehousing (DW) are:-
• DW: system must be acceptable to regulators and business community.
• DW. system must be secure bastion that protects the information.
• DW: system must be adaptive to change.