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

Total Questions: 100

81. Identify the correct sequence of activities involved in the process of buy back of shares.

A. Letter of offer to the shareholders.
B. Opening of bank account.
C. Approval for Extra-ordinary General Meeting.
D. Convening board meeting.
E. Declaration of Solvency.
Choose the correct answer from the options given below.

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

the correct sequence of activities involved in the process of buy back of shares are:-

82. Arrange the following steps of six sigma process in a sequence.

A. Discover variation relationship for the vital variables and establish operating tolerances on each of the vital variables.
B. Validate measurement system, methods and procedures, establish the current processes capability.
С. Validate the measurement system's ability to produce repetable data; determine the capability of the process to control the vital variables implement stastitical process control on the vital variables.
D. Select the critical-to-quality characteristics and define the required performance standards.
E. Define upper and lower performance limits; identify sources of variation limits: identify sources of variation: screen potential causes of variation to identify the vital variables needing control.
Choose the correct answer from the options given below.

 

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

The steps of six sigma process in a sequence are:-
Step-I Select the critical to-quality characteristics and define the required performance standards.
Step-II Validate measurement system, methods and procedures, establish the current processes' capability.
Step-III Define upper and lower performance limits: identify source of variation; screen potential causes of variation to identify the vital variables needing control.
Step-IV Discover variation relationship for the vital variables and establish operating tolerances on each of the vital variables
Step-V validate the measurement system's ability to produce repeatable data: determine the capability of the process to control the vital variables, implement statistical process control on the vital variables.

83. Arrange the following steps of personal selling process in a sequence.

A. Making an appointment with customer to establish rapport.
B. Gathering relevant information about the prospects and their needs to plan sales presentation.
C. Handling customer's objections related to price/value/functionally of the product.
D. Discovering clarifying and understanding the buyer's needs.
E. Gaining buyer's commitment to action.
Choose the correct answer from the options given below.

Correct Answer: (c) B, A, D, C, E
Solution:

The steps of personal selling process in a sequence are:-
Step-I Gathering relevant information about the prospects and their needs to plan sales presentation
Step-II Making an appointment with customer to establish rapport
Step-III Discovering clarifying and understanding the buyer's needs
Step-IV Handling customer's objections related to price/value/ functionality of the product.
Step-V Gaining buyer's commitment to action.

84. Sequnce the following in order to eliminate waste and inefficiencies in the lean

A. Seiso
B. Shitsuke
C. Seiri
D. Seiketsu
E. Seiton
Choose the correct answer from the options given below.

 

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

The correct sequence in order to eliminate waste and inefficiencies in the lean manufacturing are:-
• SEIRI- Sort (separate Needed from the not- Needed)
• SEITON- set in order, simplify
• SEISO- shine, sweep
• SEIKETSO- standardize
• SHITSUKE- Sustain
Lean manufacturing can be defined as' A systematic approach to identifying and eliminating waste through continuous improvement by flowing the product at the demand of the customer (Silva, 2012)' Above 55 is an acronym for 5 Japanese words which describes the methodology for developing the basis of process improvements.

85. Identify the correct sequence of steps involved in decision making for change of technology

A. Conducting initial comparisons of alternative technologies.
B. Evaluating the state of present technology.
C. Listing down the protable post implementation issues.
D. Financial feasibility analysis of proposed technology.
E. Identifying the learning requirements.
Choose the correct answer from the options given below.

Correct Answer: (b) B, A, E, D, C
Solution:

Steps involved in decision making for change of technology are:-
Step-I Evaluating the state of present technology
Step-II Conducting initial comparisons of alternative technologies
Step-III Identifying the learning requirements.
Step-IV financial feasibility analysis of proposed technology.
Step-V Listing down the probable post implementation issues.

86. Given below are two statements

Statement I: hen I say that I like my organization, I am expressing an attitude towards my organization.
Statement II: We can control our behaviour in a way that does not reflect our beliefs and values.
In the light of the above statements, choose the correct answer from the options given below.

Correct Answer: (a) Both Statement I and Statement II are correct.
Solution:

Statement I-when I say that I like try organization.
I am expressing an attitude forwards my organization. Statement II- We can control our behaviour in a way that does not reflect our beliefs and values Here, both statement I and statement II are correct.

87. Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R).

Assertion (A): The objective functions in business organizations are complex requiring the processing of large volume of data.
Reason (R): AI based non-linear models can solve the problems of arriving at a dynamics solution to business problems.
In the light of the above statements, choose the most appropriate answer from the options given below.

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

Assertion (A) The objective junctions in business organization are complex requiring the processing of large volume of data is correct.
Reason (R) : AI based non-linear models can solve the problems of arriving at a dynamic solution to business problems is correct but not the correct explanation of (A) assertion.

88. Given below are two statements.

Statement I: The product of two regression co-efficients, bxy and byx equals r² and cannot exceed 1.
Statement II: The average of two regression coefficients ((bxy + byx)/2) is alays greater than the correlation coefficient, rxy.
In the light of the above statements, choose the correct answer from the options given below./

Correct Answer: (a) Both Statement I and Statement II are correct.
Solution:

Statement-I The product of two regression coefficient bxy and byx equals r²  and can not exceed 1.
Statement-II The average of two regression coefficients [(bxy + byx)/2 ] is always greater than the correlation coefficient, rxy.
Here, statement I and statement II are correct.

89. Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R).

Assertion (A): If the securities with less than perfect negative correlation between their price movements are combined, portfolio risk can be reduced significantly.
Reason (R): The team with negative correlation has the effect of reducing the computed value of total portfolio risk, given other terms that are positive.
In the light of the above statements, choose the most appropriate anser from the options given below.

Correct Answer: (a) Both (A) and (R) are correct and (R) is the correct explanation of (A).
Solution:

If the securities with less than perfect negative correlation between their price movements are combined, portfolio risk can be reduced significantly because the terms with negative correlation has the effect of reducing the computed value of total portfolio risk, given other terms that are positive.
Here, Both (A) and (R) are correct (R) is the correct explanation of (A).

90. Given below are two statements: One labelled as Assertion (A) and the other labelled as Reason (R).

Assertion (A): Entrepreneurship has emerged as a focal point of policy in the majority of countries.
Reason (R): Entrepreneurship contributes in job generation, innovation and promotes social cohension.
In the light of the above statements, choose the most appropriate answer from the options given below

Correct Answer: (a) Both (A) and (R) are correct and (R) is the correct explanation of (A).
Solution:

Entrepreneurship has emerged as a focal point of policy in the majority of countries because entrepreneurship contributes in Job generation, innovation and promotes social cohesion.
Here, Both (A) and (R) are correct and (R) is the correct explanation of (A).