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

Total Questions: 100

81. Arrange the following in descending order of importance

A. Free Trade Area
B. Customs union
C. Economic cooperation
D. Economic union
E. Common markets
Choose the correct answer from the options given below:

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

The increasing sequence according to the integration and involvement of the economy and market is as follows- Economic Cooperation → Free trade Area→ Customs Union → Common market → Economic Union.

82. The correct sequence in a business plan can be

A. Executive summary
B. Details about the Entrepreneur
C. Marketing and Economic Details
D. Financial Details
E. Human Resources Details
Choose the correct answer from the options given below:

Correct Answer: (b) B→C→E→D→А
Solution:

Correct sequence of Business Plan-Hence option (b) is correct.

83. Arrange the following group task performances according to the ascending stages of group development.

A. Clarify all misunderstandings
B. Termination of task
C. Highly productive
D. Work output is low, focused on defining the goals and tasks
E. Issues are resolved, group norms develop
Choose the correct answer from the options given below:

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

Group Development refers to the process by which members of newly formed work teams learn about their teammates, establish their roles etc.
Work output is slow, focused on defining the goals and task→ Clarify all misunderstanding→ Issue are resolved, group norms develop → Highly productive→ Terminate task ascending stages of group development.

84. Choose the correct set of options in defining the process of 'Six Sigma' in strategic implementation

A. Define
B. Measure
C. Establish
D.Improve
E.Analyze
Choose the correct answer from the options given below:

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

Six sigma is a process that makes use of statistics and analysis to analyze and Reduce error or defects.
defining the process of 6 sigma.
Define Measure → Analyze → Improve →Establish

85. Arrange the following steps involved in choosing the target market in sequence, starting from the first step

A. Profile the traits of each segment: characteristics, needs, benefits sought, preferences and buying behavior.
B. Look for segments which are relatively less satisfied by the current offers of competing brands in the market.
C. Identify the segment(s), look at each segment as a distinct marketing opportunity and grasp what makes each segment unique.
D. Evaluate whether the segment meets all the attributes of 'effective segments'. Check which one presents the best opportunity.
E. Finally, select the best segments- those segments that are most appropriate for the firm-as the target.
Choose the correct answer from the options given below:

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

Target market sequence-Hence option (c) is correct answer.

86. Given below are two Statements: one is labelled as Assertion A and the other is labelled as Reason R

Assertion A : At some point, a product's sales growth will slow down, and it will enter the maturity stage. This maturity stage normally lasts longer than the previous stages of PLC and it poses strong challenges to marketing management.
Reason R: Slow down in sales growth is due to the acceptance of the product by most potential buyers. It is also due to the entry of competing firms in the market and price competition stiffening.
In light of the above statements, choose the correct answer from the options given below.

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

Assertion A and Reason R Both are correct. R is the correct explanation of A.

87. Given below are two Statements: one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: Investors around the world are demanding socially and environmentally conscious options in equities, bonds ETF or hedge funds.
Reason R: Climate change and environment have become 'defining factors' in companies' long-term prospects with a significant reallocation of capital as the shortage of clean water and air have become existential questions.
In light of the above statements, choose the correct answer from the options given below.

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

Investors around the world are demanding socially and environmentally conscious options in equities, bond, ETF or hedge fund is a correct statement. Climate change and environment have become 'defining factors' in companies' long-term prospectus with a significant reallocation of capital as the shortage of clean water and air have become existential question is a correct Reason of Assertion.
Hence, option (a) is correct answer.

88. Given below are two statements :

Statement I: Power of the employee to remove dissatisfaction is low when his position in the organization is extremely important.
Statement II : The more the employees believe that a union can obtain positive work aspects, the more instrumental the union is for the employees.
In light of the above statements, choose the correct answer from the options given below.

Correct Answer: (d) Statement I is incorrect but Statement II is true
Solution:

If the position of the employee in the organisation is very important, then his ability to remove the dissatisfaction is not less, statement one is wrong.
The more the employee believe that a union can obtain positive work aspect, the more instrumental the union is for the employee is correct statement. Hence, statement I is incorrect but II is correct.

89. Given below are two statements :

Statement I: In psychographic segmentation of the market, the science of psychology is used for understanding and segmenting the consumers. Statement II : Segmenting consumers based on psychographics rests on identifying consumers' state of mind, and hence helps in piecing together with a more incisive profile of the target consumers.
In light of the above statements, choose the most appropriate answer from the options given below.

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

In the given question, both the assertion and the reason are the correct, because psychology is often used for market segmentation, which helps in understanding the consumers and keeping their data.

90. Given below are two statements :

Statement I: Quota sampling is the nonrandom method of selecting a sample from a population.
Statement II: The standard error of the estimate is inversely proportional to the square root of the sample size.
In light of the above statements, choose the correct answer from the options given below

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

Quota sampling is the non-random method of selecting sample is correct statement and the standard error of the estimate is inversely proportional to the square root of the sample size is correct.
Hence, statement I and II is correct.