|Management · March 2023

UGC NET Management March 2023 Question PaperPaper 1 & Paper 2 with Answer Key

The complete UGC NET March 2023 question paper for Management, covering Paper 1 (General Aptitude) and Paper 2 (Management). Every question below is shown with its options and the correct answer, and a detailed explanation you can unlock by signing in. All 150 questions are free to practise.

UGC NET March 2023 at a glance

ExamUGC NET March 2023
PapersPaper 1 (General Aptitude) and Paper 2 (Management)
Exam date(s)March 12, 2023
Shift(s)Shift 2
Paper 1 questions50 questions · 60 minutes · 100 marks
Paper 2 questions100 questions · 120 minutes · 200 marks
Total150 questions
Marking scheme+2 per correct answer · No negative marking
Paper 1

General Aptitude

UGC NET March 2023 · Management sitting

50 questions60 min100 marks
Practice Now
Paper 2

Management

UGC NET March 2023

100 questions120 min200 marks
Practice Now

Paper 1 — General Aptitude

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50 questions with the answer key and explanations.

  1. Question 1

    Total distribution of Mobile Phones in M.P. is ____% less than that of Assam and Punjab together.

    The table gives the distribution of mobile phones, in lakhs, across income groups under the CONNECT Scheme. The total is 30 lakh phones; a dash means that value must be derived.

    StateMobile Phones (lakhs)High IncomeMiddle IncomeLow Income
    M.P.6.515%50%
    Bihar3.412%32%
    U.P.2.58%13%
    Haryana5.225%
    Punjab21%22%
    Assam4.29%78%
    Kerala4.715%60%
    1. A15.58
    2. B12.98
    3. C18.42
    4. D17.23

    Answer: (A) 15.58

    Explanation

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  2. Question 2

    What is the ratio of distribution of Mobile Phones in Low income people of Bihar to the Middle income people of Kerala?

    The table gives the distribution of mobile phones, in lakhs, across income groups under the CONNECT Scheme. The total is 30 lakh phones; a dash means that value must be derived.

    StateMobile Phones (lakhs)High IncomeMiddle IncomeLow Income
    M.P.6.515%50%
    Bihar3.412%32%
    U.P.2.58%13%
    Haryana5.225%
    Punjab21%22%
    Assam4.29%78%
    Kerala4.715%60%
    1. A25 : 18
    2. B19 : 12
    3. C18 : 25
    4. D1904 : 1175

    Answer: (D) 1904 : 1175

    Explanation

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  3. Question 3

    What is the difference between the number of Mobile Phones distributed among High income people of U.P., M.P. and Kerala together and Middle income people of Haryana, Punjab and Kerala together?

    The table gives the distribution of mobile phones, in lakhs, across income groups under the CONNECT Scheme. The total is 30 lakh phones; a dash means that value must be derived.

    StateMobile Phones (lakhs)High IncomeMiddle IncomeLow Income
    M.P.6.515%50%
    Bihar3.412%32%
    U.P.2.58%13%
    Haryana5.225%
    Punjab21%22%
    Assam4.29%78%
    Kerala4.715%60%
    1. A144800
    2. B136500
    3. C140900
    4. D144200

    Answer: (B) 136500

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  4. Question 4

    In Haryana state, the ratio of distribution (%) of Mobile Phones among High income people to the Low income people is 2 : 3. Then the distribution of Mobile Phones among High income people in the same state is ____ more than that among Middle income people.

    The table gives the distribution of mobile phones, in lakhs, across income groups under the CONNECT Scheme. The total is 30 lakh phones; a dash means that value must be derived.

    StateMobile Phones (lakhs)High IncomeMiddle IncomeLow Income
    M.P.6.515%50%
    Bihar3.412%32%
    U.P.2.58%13%
    Haryana5.225%
    Punjab21%22%
    Assam4.29%78%
    Kerala4.715%60%
    1. A26000
    2. B14000
    3. C21000
    4. D24000

    Answer: (A) 26000

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  5. Question 5

    Total distribution of Mobile Phones in Low income people of all the states together excluding Haryana is approximately ____% of the total distribution in all the states together.

    The table gives the distribution of mobile phones, in lakhs, across income groups under the CONNECT Scheme. The total is 30 lakh phones; a dash means that value must be derived.

    StateMobile Phones (lakhs)High IncomeMiddle IncomeLow Income
    M.P.6.515%50%
    Bihar3.412%32%
    U.P.2.58%13%
    Haryana5.225%
    Punjab21%22%
    Assam4.29%78%
    Kerala4.715%60%
    1. A63.7
    2. B45.6
    3. C54.9
    4. D50.7

    Answer: (D) 50.7

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  6. Question 6

    Match List I with List II.

    List I: E-Learning strategiesList II: Meaning
    A. PodcastsI. Personal websites with content organised like a journal or diary
    B. BlogsII. Dissemination of recorded or live content over the internet
    C. WikiIII. Digital audio or video files containing meaningful learning content
    D. WebcastingIV. Open, dynamic websites with collaboratively constructed knowledge, information and resources that are freely available on the internet
    1. AA – II, B – IV, C – III, D – I
    2. BA – III, B – I, C – IV, D – II
    3. CA – IV, B – II, C – III, D – I
    4. DA – II, B – I, C – IV, D – III

    Answer: (B) A – III, B – I, C – IV, D – II

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  7. Question 7

    Which of the following are the characteristics of an Ideal Evaluation in the teaching-learning process?

    A. Comprehensiveness
    B. Validity
    C. Reliability
    D. Subjectivity

    Choose the most appropriate answer.

    1. AB and C only
    2. BA, B and C only
    3. CA, C and D only
    4. DB and D only

    Answer: (B) A, B and C only

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  8. Question 8

    Which of the following statements are true about SWAYAM?

    A. SWAYAM is designed to achieve three cardinal principles.
    B. SWAYAM hosts courses taught in classrooms from Class IX to post-graduation.
    C. SWAYAM assesses students continuously and grants degrees.
    D. It can be accessed by anyone, anytime and anywhere.

    Choose the most appropriate answer.

    1. AA and C only
    2. BA, C and D only
    3. CA, B and D only
    4. DB and C only

    Answer: (C) A, B and D only

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  9. Question 9

    Which of the following is related to the learning-centred approach of education?

    1. AImposed
    2. BAuthoritarian
    3. CSelf-controlled
    4. DAutocratic

    Answer: (C) Self-controlled

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  10. Question 10

    Arrange the steps of the project method in sequence.

    A. Purpose of the project
    B. Providing a situation
    C. Execution of the project
    D. Planning of the project
    E. Recording of the project
    F. Evaluation of the project

    1. AA, D, B, C, E, F
    2. BD, B, A, E, F, C
    3. CB, A, D, C, F, E
    4. DC, A, D, E, F, B

    Answer: (C) B, A, D, C, F, E

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  11. Question 11

    In much of social research, the variables used are

    1. AManipulable
    2. BExperimental
    3. CNon-manipulable
    4. DDeviational

    Answer: (C) Non-manipulable

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  12. Question 12

    The panel study has the issue of

    1. AAttrition
    2. BSingle survey
    3. CDifferent variables
    4. DInanimate objects

    Answer: (A) Attrition

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  13. Question 13

    If respondents are offered an option of answering a questionnaire by another mode, such as answering a postal questionnaire through a web survey, it is called

    1. AOptional survey
    2. BMultiple survey
    3. CSelective survey
    4. DMixed mode survey

    Answer: (D) Mixed mode survey

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  14. Question 14

    Which of the following are disadvantages of online research?

    A. Online research is expensive.
    B. Samples can be small and skewed.
    C. There can be an excessive turnover of communication.
    D. Technological issues may lead to inconsistencies.
    E. Online participants are rigid.

    Choose the correct answer.

    1. AA, B and C only
    2. BB, C and D only
    3. CC, D and E only
    4. DA, D and E only

    Answer: (B) B, C and D only

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  15. Question 15

    Given below are two statements.

    Statement I: Qualitative data analysis is governed by the codified prescriptions of quantitative data analysis.

    Statement II: Qualitative data analysis has many approaches, of which grounded theory is important.

    Choose the correct answer.

    1. ABoth Statement I and Statement II are true.
    2. BBoth Statement I and Statement II are false.
    3. CStatement I is true but Statement II is false.
    4. DStatement I is false but Statement II is true.

    Answer: (D) Statement I is false but Statement II is true.

    Explanation

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  16. Question 16

    According to ancient Indian texts, the ultimate goal of both internal and external communication is

    1. AAchieving social status
    2. BCapturing political power
    3. CSelf-realisation
    4. DAccumulation of wealth

    Answer: (C) Self-realisation

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  17. Question 17

    According to Chanakya, communication flows from

    1. AThe masses
    2. BThe centre of power
    3. CThe elitists
    4. DThe military

    Answer: (B) The centre of power

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  18. Question 18

    Looking deeply into the channels of communication is described as

    1. AContent analysis
    2. BAudience analysis
    3. CControl analysis
    4. DMedia analysis

    Answer: (D) Media analysis

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  19. Question 19

    The humanistic approach to communication posits that

    A. Behaviour is innate.
    B. Behaviour is concocted.
    C. Behavioural changes originate from the inner self.
    D. The reward-punishment technique for behavioural change is short-lived.
    E. Communicative techniques focus only on paralinguistic messages for behavioural change.

    Choose the most appropriate answer.

    1. AA, B and C only
    2. BB, C and D only
    3. CC, D and E only
    4. DA, C and D only

    Answer: (B) B, C and D only

    Explanation

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  20. Question 20

    Given below are two statements.

    Statement I: In communication, the dominant interests of a larger culture will form the image of minority audiences.

    Statement II: The medium of television is often considered a new religion.

    Choose the most appropriate answer.

    1. ABoth Statement I and Statement II are correct.
    2. BBoth Statement I and Statement II are incorrect.
    3. CStatement I is correct but Statement II is incorrect.
    4. DStatement I is incorrect but Statement II is correct.

    Answer: (A) Both Statement I and Statement II are correct.

    Explanation

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  21. Question 21

    An amount deposited at 5% simple interest becomes ₹1,512 in 4 years. How much will the same amount become in 2½ years at 10% simple interest per annum?

    1. A₹1,475
    2. B₹1,575
    3. C₹1,675
    4. D₹1,875

    Answer: (B) ₹1,575

    Explanation

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  22. Question 22

    What number would replace the question mark in the series?

    1, 4, 3, 5, 6, 9, 13, 20, 31, ?

    1. A49
    2. B51
    3. C47
    4. D45

    Answer: (A) 49

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  23. Question 23

    The average weight of six members of a family is 30 kg. If the head of the family is not considered, the average weight of the remaining five members is 5 kg less. Find the weight of the head of the family.

    1. A55 kg
    2. B53 kg
    3. C60 kg
    4. D57 kg

    Answer: (A) 55 kg

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  24. Question 24

    In a certain code language, BLACK is coded as 1131122. How will WHITE be coded in that language?

    1. A5209832
    2. B2389025
    3. C5209823
    4. D5208923

    Answer: (C) 5209823

    Explanation

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  25. Question 25

    If the numerator and denominator of a fraction are each increased by 7, the fraction becomes 2/3. Find the original fraction.

    1. A4/5
    2. B3/5
    3. C3/8
    4. D5/3

    Answer: (C) 3/8

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  26. Question 26

    “You really must try out to be selected in the basketball team because my uncle who teaches philosophy says that you have real potential.” Identify the logical fallacy committed in this argument.

    1. AHasty generalisation
    2. BAppeal to inappropriate authority
    3. CAd hominem
    4. DBegging the question

    Answer: (B) Appeal to inappropriate authority

    Explanation

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  27. Question 27

    Which of the following statements are so related that if one is true the other must be false, and vice versa?

    A. All human beings are mortal.
    B. Some human beings are mortal.
    C. Some human beings are not mortal.
    D. No human beings are mortal.

    Choose the most appropriate answer.

    1. AA and C only
    2. BB and C only
    3. CC and D only
    4. DA and D only

    Answer: (A) A and C only

    Explanation

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  28. Question 28

    Which statement is logically equivalent to “No plants are murderers”?

    1. ANo plants are non-murderers.
    2. BNo murderers are plants.
    3. CAll non-murderers are non-plants.
    4. DSome non-murderers are not non-plants.

    Answer: (B) No murderers are plants.

    Explanation

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  29. Question 29

    “I just cannot believe it! Mr. Suresh cannot be guilty of murder since there is no way Mr. Suresh could kill someone.” Which fallacy is committed in this argument?

    1. ASlippery slope
    2. BBegging the question
    3. CAd hominem
    4. DEquivocation

    Answer: (B) Begging the question

    Explanation

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  30. Question 30

    According to the classical Indian school of logic, knowledge resulting from prior knowledge of invariable concomitance between two objects is called

    1. AArthapatti
    2. BAnumana
    3. CUpamana
    4. DAnupalabdhi

    Answer: (B) Anumana

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  31. Question 31

    A computer is used to store photographs and videos. The average size of each photograph is 8 MB and the average size of each video is 400 MB. How much memory, in gigabytes, is needed to store 800 photographs and 80 videos? (1 KB = 1024 Bytes)

    1. A3.75
    2. B4.75
    3. C34.25
    4. D37.50

    Answer: (D) 37.50

    Explanation

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  32. Question 32

    In about 1945, who developed the idea of a stored-program computer?

    1. AJohn von Neumann
    2. BTim Berners-Lee
    3. CBlaise Pascal
    4. DN. R. Narayana Murthy

    Answer: (A) John von Neumann

    Explanation

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  33. Question 33

    Which communication system allows a group of people to enter, modify and contribute to one or more pages of related text?

    1. AWiki
    2. BEmail
    3. CPodcast
    4. DRSS feed

    Answer: (A) Wiki

    Explanation

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  34. Question 34

    Given below are two statements.

    Statement I: EEPROM stands for Electronically Extendable Programmable Read Only Memory.

    Statement II: RAM is much faster to read from or write to than other types of memory, but its main drawback is its non-volatility.

    Choose the correct answer.

    1. ABoth Statement I and Statement II are true.
    2. BBoth Statement I and Statement II are false.
    3. CStatement I is true but Statement II is false.
    4. DStatement I is false but Statement II is true.

    Answer: (B) Both Statement I and Statement II are false.

    Explanation

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  35. Question 35

    Which statements about email address spoofing are true?

    A. Email address spoofing is copying an email to other staff.
    B. Email address spoofing is used for hacking.
    C. Email address spoofing is the forgery of an email header or sender information.
    D. Email address spoofing is sending a joke email to other staff.

    Choose the correct answer.

    1. AA and B only
    2. BB and C only
    3. CC and D only
    4. DA and D only

    Answer: (B) B and C only

    Explanation

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  36. Question 36

    Which of the following are water-borne bacterial diseases?

    A. Cholera
    B. Hepatitis
    C. Typhoid
    D. Schistosomiasis
    E. Dysentery

    Choose the most appropriate answer.

    1. AA, B and C only
    2. BB, C and D only
    3. CA, C and E only
    4. DA, D and E only

    Answer: (C) A, C and E only

    Explanation

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  37. Question 37

    Assertion (A): Beneath the surface horizons, the subsoil usually has lower organic content and a higher concentration of mineral particles.

    Reason (R): Subsoil is generally made up of weathered rock fragments.

    Choose the correct answer.

    1. ABoth A and R are correct and R is the correct explanation of A.
    2. BBoth A and R are correct but R is not the correct explanation of A.
    3. CA is correct but R is not correct.
    4. DA is not correct but R is correct.

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

    Explanation

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  38. Question 38

    Which one of the following is a secondary aerosol?

    1. ASea salt
    2. BMineral particles
    3. CBlack carbon
    4. DSulphate particles

    Answer: (D) Sulphate particles

    Explanation

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  39. Question 39

    Hazardous waste is liquid or solid that contains substances known to be

    A. Fatal to humans or animals only at high doses.
    B. Toxic, carcinogenic or mutagenic to humans.
    C. Ignitable even at temperatures less than 60°C.
    D. Non-reactive.
    E. Corrosive.

    Choose the most appropriate answer.

    1. AA, C and D only
    2. BB, C and E only
    3. CB, C and D only
    4. DC, D and E only

    Answer: (B) B, C and E only

    Explanation

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  40. Question 40

    An eutrophic lake

    A. is rich in nutrients.
    B. is poor in organic matter.
    C. has high algal blooms.
    D. is rich in dissolved oxygen.
    E. has no issue with survival of fish and other aquatic life.

    Choose the most appropriate answer.

    1. AA, B and C only
    2. BC, D and E only
    3. CA and C only
    4. DB and D only

    Answer: (C) A and C only

    Explanation

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  41. Question 41

    In the context of higher education, National Education Policy 2020 has emphasised the need for

    1. ADiscipline-specific regulators
    2. BFree education
    3. CFragmentation
    4. DInternationalisation

    Answer: (D) Internationalisation

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  42. Question 42

    Which of the following are major characteristics of good governance?

    A. It is consensus-oriented.
    B. It is accountable.
    C. It is opaque.
    D. It is inclusive.
    E. It is autocratic.

    Choose the correct answer.

    1. AA, B and D only
    2. BA and D only
    3. CB and E only
    4. DB, C and E only

    Answer: (A) A, B and D only

    Explanation

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  43. Question 43

    Some important recommendations of the Kothari Commission were

    A. Establishment of clusters of advanced centres in major universities.
    B. Abolition of the system of affiliate colleges.
    C. Abolition of continuous evaluation system.
    D. Establishment of six major universities.
    E. Improving quality and content of lecturing.

    Choose the correct answer.

    1. AA, B and C only
    2. BB, C and D only
    3. CC, D and E only
    4. DA, D and E only

    Answer: (D) A, D and E only

    Explanation

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  44. Question 44

    During the Vedic period, the higher level of education had

    1. AProfessional curriculum
    2. BGeneral curriculum
    3. CSpecialised curriculum
    4. DTechnical curriculum

    Answer: (C) Specialised curriculum

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  45. Question 45

    Which among the following is not a criterion for quality assessment followed by NAAC?

    A. Teaching-learning and evaluation
    B. Consultancy and extension
    C. Infrastructure and learning resources
    D. Recruitment of teaching professionals
    E. Governance and leadership

    Choose the most appropriate answer.

    1. AD only
    2. BA, B and D only
    3. CB, C and E only
    4. DB only

    Answer: (A) D only

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  46. Question 46

    Consider these two statements.

    Statement I: In the post-pandemic period, demand for goods has picked up both in India and abroad.

    Statement II: The Covid-19 pandemic is still not over in China.

    Choose the correct answer.

    At home, post-pandemic normalisation has spurred renewed demand for imported inputs. Abroad it has had the opposite effect, leading to declining demand. Foreign households no longer demand as many goods because lockdowns and fiscal stimuli have ended. India's imports have therefore soared as merchandise exports have started to fall.

    Foreign demand will slow further as advanced countries appear likely to enter recession. India's current account deficit could widen to four per cent of GDP in 2022-23, double the level the Reserve Bank of India traditionally regards as safe.

    Attracting foreign capital inflows worth at least four per cent of GDP may be unrealistic amid uncertainty: a land war in Europe, high developed-world inflation, rapid US Federal Reserve interest-rate hikes, an energy crisis in Europe and a slowdown in China that continues to struggle with Covid-19. In this environment, foreign investors prefer safe assets such as US government bonds to emerging markets such as India.

    1. ABoth Statement I and Statement II are true.
    2. BBoth Statement I and Statement II are false.
    3. CStatement I is true but Statement II is false.
    4. DStatement I is false but Statement II is true.

    Answer: (D) Statement I is false but Statement II is true.

    Explanation

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  47. Question 47

    What level of current account deficit is considered safe by RBI in terms of percentage of GDP?

    At home, post-pandemic normalisation has spurred renewed demand for imported inputs. Abroad it has had the opposite effect, leading to declining demand. Foreign households no longer demand as many goods because lockdowns and fiscal stimuli have ended. India's imports have therefore soared as merchandise exports have started to fall.

    Foreign demand will slow further as advanced countries appear likely to enter recession. India's current account deficit could widen to four per cent of GDP in 2022-23, double the level the Reserve Bank of India traditionally regards as safe.

    Attracting foreign capital inflows worth at least four per cent of GDP may be unrealistic amid uncertainty: a land war in Europe, high developed-world inflation, rapid US Federal Reserve interest-rate hikes, an energy crisis in Europe and a slowdown in China that continues to struggle with Covid-19. In this environment, foreign investors prefer safe assets such as US government bonds to emerging markets such as India.

    1. A2%
    2. B3%
    3. C4%
    4. D5%

    Answer: (A) 2%

    Explanation

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  48. Question 48

    The world is facing unprecedented uncertainty because of

    A. War in Europe
    B. High levels of inflation in developed countries
    C. Energy crisis in Europe
    D. Fast pace of interest-rate hikes in the US
    E. Normalisation after the end of the pandemic

    Choose the most appropriate answer.

    At home, post-pandemic normalisation has spurred renewed demand for imported inputs. Abroad it has had the opposite effect, leading to declining demand. Foreign households no longer demand as many goods because lockdowns and fiscal stimuli have ended. India's imports have therefore soared as merchandise exports have started to fall.

    Foreign demand will slow further as advanced countries appear likely to enter recession. India's current account deficit could widen to four per cent of GDP in 2022-23, double the level the Reserve Bank of India traditionally regards as safe.

    Attracting foreign capital inflows worth at least four per cent of GDP may be unrealistic amid uncertainty: a land war in Europe, high developed-world inflation, rapid US Federal Reserve interest-rate hikes, an energy crisis in Europe and a slowdown in China that continues to struggle with Covid-19. In this environment, foreign investors prefer safe assets such as US government bonds to emerging markets such as India.

    1. AA, B, C and D only
    2. BB, C, D and E only
    3. CA, C, D and E only
    4. DA, B, C, D and E

    Answer: (A) A, B, C and D only

    Explanation

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  49. Question 49

    Consider these two statements.

    Statement I: In an uncertain environment, foreign investors like to invest in emerging markets such as India.

    Statement II: According to the author, the current account deficit is likely to increase further in 2022-23.

    Choose the correct answer.

    At home, post-pandemic normalisation has spurred renewed demand for imported inputs. Abroad it has had the opposite effect, leading to declining demand. Foreign households no longer demand as many goods because lockdowns and fiscal stimuli have ended. India's imports have therefore soared as merchandise exports have started to fall.

    Foreign demand will slow further as advanced countries appear likely to enter recession. India's current account deficit could widen to four per cent of GDP in 2022-23, double the level the Reserve Bank of India traditionally regards as safe.

    Attracting foreign capital inflows worth at least four per cent of GDP may be unrealistic amid uncertainty: a land war in Europe, high developed-world inflation, rapid US Federal Reserve interest-rate hikes, an energy crisis in Europe and a slowdown in China that continues to struggle with Covid-19. In this environment, foreign investors prefer safe assets such as US government bonds to emerging markets such as India.

    1. ABoth Statement I and Statement II are true.
    2. BBoth Statement I and Statement II are false.
    3. CStatement I is true but Statement II is false.
    4. DStatement I is false but Statement II is true.

    Answer: (D) Statement I is false but Statement II is true.

    Explanation

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  50. Question 50

    Current account deficit in India is increasing because of

    A. Rise in India's imports
    B. Rise in India's exports
    C. Increase in foreign capital inflows
    D. Fall in India's exports

    Choose the most appropriate answer.

    At home, post-pandemic normalisation has spurred renewed demand for imported inputs. Abroad it has had the opposite effect, leading to declining demand. Foreign households no longer demand as many goods because lockdowns and fiscal stimuli have ended. India's imports have therefore soared as merchandise exports have started to fall.

    Foreign demand will slow further as advanced countries appear likely to enter recession. India's current account deficit could widen to four per cent of GDP in 2022-23, double the level the Reserve Bank of India traditionally regards as safe.

    Attracting foreign capital inflows worth at least four per cent of GDP may be unrealistic amid uncertainty: a land war in Europe, high developed-world inflation, rapid US Federal Reserve interest-rate hikes, an energy crisis in Europe and a slowdown in China that continues to struggle with Covid-19. In this environment, foreign investors prefer safe assets such as US government bonds to emerging markets such as India.

    1. AA and B only
    2. BB and C only
    3. CA and D only
    4. DC and D only

    Answer: (C) A and D only

    Explanation

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Spotted a shift or questions missing from this paper?

Paper 2 — Management

Attempt this paper

100 questions with the answer key and explanations.

  1. Question 1

    What kind of elasticity of demand is faced by the oligopolistic firm?

    1. ALow elasticity for price rise and more elasticity for price cuts.
    2. BHigh elasticity for both whether there is price rise or price cuts.
    3. CLow elasticity for both whether there is price rise or price cuts.
    4. DHigh elasticity for price rise but less elasticity for price cuts.

    Answer: (D) High elasticity for price rise but less elasticity for price cuts.

    Explanation

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  2. Question 2

    Which of the following correctly explains the notion of consumer surplus?

    1. AThe difference between what consumers are willing to pay for a given quantity of goods and
      services and the amount they actually pay.
    2. BThe difference between what consumers are willing to buy given quantity of goods and
      services and the quantity they actually buy.
    3. CThe difference between what consumers are willing to plan to buy given quantity of goods
      and services and the quality they actually buy.
    4. DThe difference between total utility and addition to total utility from goods and services the
      consumers buy.

    Answer: (A) The difference between what consumers are willing to pay for a given quantity of goods and
    services and the amount they actually pay.

    Explanation

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  3. Question 3

    The market-demand and supply equation for a product are:
    Q D = 30 - 3P
    Q S = 20 + 2P
    Here Q for quantity; P for price. What is the equilibrium demand?

    1. A18
    2. B16
    3. C24
    4. D20

    Answer: (C) 24

    Explanation

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  4. Question 4

    "Corporate governance is to conduct the business in accordance with the owner's
    (shareholders) desires" is conceptualized by:

    1. AHenry Fayol
    2. BMilton Friedman
    3. CPeter Drucker
    4. DLord Cadbury

    Answer: (B) Milton Friedman

    Explanation

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  5. Question 5

    According to Maslow's hierarchy of needs, which one of the following organizational aspects
    will not be included in the self-actualization needs?

    1. AAdvancement
    2. BJob challenge
    3. CStatus
    4. DSelf-image

    Answer: (C) Status

    Explanation

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  6. Question 6

    Which one of the following is not a job-related performance data to identify the performance
    of an employee?

    1. AAttitude Surveys
    2. BLate deliveries
    3. CGrievances
    4. DAbsenteeism

    Answer: (A) Attitude Surveys

    Explanation

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  7. Question 7

    Which one of the following is not an effect on performance, behaviour and health when stress
    level of an employee is high?

    1. AFeeling sleepy all the time
    2. BPoor performance
    3. CExhaustion
    4. DNervousness

    Answer: (A) Feeling sleepy all the time

    Explanation

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  8. Question 8

    Which one of the following methods of forecasting human resource demand is not a
    qualitative method?

    1. ADelphi technique.
    2. BMarkov analysis.
    3. CNominal group technique.
    4. DGroup brain storming.

    Answer: (B) Markov analysis.

    Explanation

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  9. Question 9

    Which one of the following is NOT a characteristic of Performance Management?

    1. AOwned by human resource department.
    2. BDoes not have direct link to reward.
    3. CContinuous review with one or more formal reviews in a year.
    4. DJoint or participative process.

    Answer: (A) Owned by human resource department.

    Explanation

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  10. Question 10

    Which one of the following is not an advantage of staffing international operations of an
    MNC using Parent Country Nationals (PCN)?

    1. AProper linkage between foreign subsidiary and the headquarters.
    2. BFamiliar with the local norms and culture.
    3. CUse of PCN helps develop global capabilities in the organisation.
    4. DKnowledgeable about how the parent company operates.

    Answer: (B) Familiar with the local norms and culture.

    Explanation

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  11. Question 11

    Which one of the following can be the coping mechanism if the source of resistance to
    change is the fear of loss of power?

    1. AActive support from the top.
    2. BParticipation and involvement.
    3. CRole clarity and definition.
    4. DRole redefinition and re-orientation.

    Answer: (D) Role redefinition and re-orientation.

    Explanation

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  12. Question 12

    If the employers' attitude towards trade unions is of acceptance, their behaviour will be:

    1. ADictatorial
    2. BPaternal
    3. CBusiness-like
    4. DParticipative

    Answer: (C) Business-like

    Explanation

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  13. Question 13

    Accounting principles are generally based on:

    1. APracticability
    2. BSubjectivity
    3. CConvenience in recording.
    4. DLegal framework

    Answer: (A) Practicability

    Explanation

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  14. Question 14

    ABC Ltd. produces two products X and Y in its production unit. Each unit of X and Y takes 5
    hours and 10 hours as production time respectively. 1000 units of X and 600 units of Y were

    produced in a month. Actual man-hours in this production were 10,000. Yearly budgeted hours
    are 96,000. The activity ratio is:

    1. A125%
    2. B137.50%
    3. C108.33%
    4. D125.50%

    Answer: (B) 137.50%

    Explanation

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  15. Question 15

    Computation of overhead absorption rates should be based on :

    1. AMaximum capacity
    2. BPractical capacity
    3. CIdle capacity
    4. DNormal capacity

    Answer: (D) Normal capacity

    Explanation

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  16. Question 16

    Operating budget consists of two parts, called as _____ budget and _____ budget:

    1. ACash, Expense
    2. BFlexible, Master
    3. CProgramme, Responsibility
    4. DMaster, Utilisation

    Answer: (C) Programme, Responsibility

    Explanation

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  17. Question 17

    As per CAPM model, the required rate of return on a security is:

    1. AReturn on Treasury Bonds + Market Risk Premium
    2. BReturn on individual securities + Beta Premium
    3. CReturn on Government Securities + Unsystematic Risk Premium
    4. DReturn on Corporate Securities + Systematic Risk Premium

    Answer: (A) Return on Treasury Bonds + Market Risk Premium

    Explanation

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  18. Question 18

    A firm can delay and favourably affect the control of its cash disbursements through the use
    of:

    1. ABootstrapping payables.
    2. BZero balance accounts.
    3. CYield sensing for marketable securities.
    4. DHedging of intangibles.

    Answer: (B) Zero balance accounts.

    Explanation

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  19. Question 19

    Firm A wants to acquire Firm B and the financial details of the firms are:

                                              A                B
                  Market Price per share      Rs. 50           Rs. 20
                  Number of shares            1,000,000        500,000
                  Market value of the firm    Rs. 50 million   Rs. 10 million
    

    If the merger is expected to bring gains which have a present value of Rs. 10 million and Firm A
    offers one share for every two shares of Firm B to the shareholders of Firm B, the apparent cost
    of acquiring firm B is:

    1. ARs. 3,500,000
    2. BRs. 5,000,000
    3. CRs. 7,692,516
    4. DRs. 2,500,000

    Answer: (D) Rs. 2,500,000

    Explanation

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  20. Question 20

    Which of the following forms of purchasing power parity states that changes in spot rates
    over a period of time reflect the changes in price levels over the same period in the currencies of
    the concerned economies?

    1. ARelative form
    2. BAbsolute form
    3. CExpectations form
    4. DContango form

    Answer: (A) Relative form

    Explanation

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  21. Question 21

    Which of the following marketing channel function helps to fulfill the completed
    transactions?

    1. AGathering and distributing information about consumers.
    2. BReaching an agreement on price and other terms.
    3. CCommunicating with prospective buyers.
    4. DAssuming the risks of carrying out the channel work.

    Answer: (D) Assuming the risks of carrying out the channel work.

    Explanation

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  22. Question 22

    A portion of a market that is so well suited to a firm's internal and external environment that
    other firms are not likely to challenge and dislodge it, is called:

    1. ACore competency
    2. BPropitious niche
    3. CMarket segment
    4. DProduct positioning

    Answer: (B) Propitious niche

    Explanation

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  23. Question 23

    An approach to corporate strategy in which top management views its product lines and
    business units as a series of investments from which it expects a profitable return is called:

    1. Abusiness mix
    2. Bintegrated strategy
    3. Cportfolio analysis
    4. Dscenario analysis

    Answer: (C) portfolio analysis

    Explanation

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  24. Question 24

    The total combined customer lifetime values of all of the company's customers is known as:

    1. ACustomer equity
    2. BCustomer-perceived value
    3. CCustomer Lifetime value
    4. DCustomer share

    Answer: (A) Customer equity

    Explanation

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  25. Question 25

    Which of the following indicates "Perishability" aspect of service characteristics?

    1. ACustomers participate in and affect the transaction.
    2. BService delivery and customer satisfaction depend on employee actions.
    3. CCustomers affect each other.
    4. DIt is difficult to synchronize supply and demand with services.

    Answer: (D) It is difficult to synchronize supply and demand with services.

    Explanation

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  26. Question 26

    Which of the following are the distinctive features of "Big data" being used in Analytical
    CRM?

    1. AVolume, Variety, Velocity, Veracity
    2. BVolume, Variability, Variety, Veracity
    3. CValence, Variety, Volume, Variance
    4. DVariance, Valence, Velocity, Veracity

    Answer: (A) Volume, Variety, Velocity, Veracity

    Explanation

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  27. Question 27

    "A tennis player slams his tennis racket to the ground when disappointed with his/her game".
    In above example, tennis player exhibits which of the following defense mechanism to handle
    frustration?

    1. AAggression
    2. BRegression
    3. CProjection
    4. DRationalization

    Answer: (A) Aggression

    Explanation

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  28. Question 28

    "An outlet which starts as a general retailer grows into a specialized retailer and in course of
    time becomes even a bigger general retailer".
    Above statement corresponds to which of the following theory of Retail?

    1. AWheel of Retailing Theory
    2. BRetail Accordian Theory
    3. CTheory of Natural Selling
    4. DRetail Life Cycle Theory

    Answer: (B) Retail Accordian Theory

    Explanation

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  29. Question 29

    A cold drink bottling plant fills bottles of 500 ml. capacity with mean of 500 ml and a
    standard deviation of 5. At least what percentage of bottles would contain cold drink between 490
    ml and 510 ml?

    1. A75 per cent
    2. B95 per cent
    3. C67 per cent
    4. D81 per cent

    Answer: (B) 95 per cent

    Explanation

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  30. Question 30

    Karl Pearson co-efficient of variation (CV) measures which of the following characteristics?

    1. AHomogeneity
    2. BUnbiasedness
    3. CConsistency
    4. DEfficiency

    Answer: (A) Homogeneity

    Explanation

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  31. Question 31

    For a project activity, the optimistic, the pessimistic and the most likely times are 4, 14 and 6
    days respectively. Its average time is:

    1. A10 days
    2. B7 days
    3. C12 days
    4. D9 days

    Answer: (B) 7 days

    Explanation

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  32. Question 32

    In decision analysis, the expected value of perfect information is calculated as:

    1. AExpected payoff with perfect information minus Expected payoff without experimentation.
    2. BExpected value of sample information minus expected payoff with perfect information.
    3. CMaximum payoff for each state of nature multiplied by the prior probability of that state of
      nature.
    4. DExpected increase in the payoff minus the cost of the experimentation.

    Answer: (A) Expected payoff with perfect information minus Expected payoff without experimentation.

    Explanation

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  33. Question 33

    Which one of the following is NOT a non-tariff barrier?

    1. AQuota
    2. BCustoms and entry procedures
    3. CCombined rates
    4. DExchange control

    Answer: (C) Combined rates

    Explanation

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  34. Question 34

    Which of the following marketing strategy falls under Geocentric kind of international
    orientation?

    1. AExtension of domestic strategy to foreign markets.
    2. BGlobal standardisation.
    3. CLocalisation
    4. DTrade-off between localization and standardisation.

    Answer: (B) Global standardisation.

    Explanation

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  35. Question 35

    Which of the following events contributed most to the disruption in the Bretton Woods
    system?

    1. AIntroduction of Special Drawing Rights.
    2. BWestern dominance over the system.
    3. CSuspension of convertibility of dollar into gold in 1971.
    4. DOil price shock of 1973.

    Answer: (C) Suspension of convertibility of dollar into gold in 1971.

    Explanation

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  36. Question 36

    Which of the following integrations is related to supernational organizational structure?

    1. AFree Trade Area
    2. BEconomic Union
    3. CCommon Market
    4. DEconomic Integration

    Answer: (B) Economic Union

    Explanation

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  37. Question 37

    L.C. Gupta's sickness prediction model primarily focused on which of the following?

    1. AEarnings Before Interest and Tax
    2. BSales and Working capital levels
    3. CEBIT and operating cash flows
    4. DMarket value of equity and debt

    Answer: (C) EBIT and operating cash flows

    Explanation

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  38. Question 38

    'Entrepreneur is an innovator playing the role of a dynamic businessman adding material
    growth to economic development', is articulated by:

    1. APorter (1990)
    2. BLichtenstein and Lyons (2010)
    3. CJoseph Schumpeter (1883-1950)
    4. DShane (2008)

    Answer: (C) Joseph Schumpeter (1883-1950)

    Explanation

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  39. Question 39

    String of activities that moves a product from the raw material stage through manufacturing
    and distribution, and ultimately to the end user is called:

    1. ABusiness model
    2. BBusiness verticals
    3. CValue chain
    4. DBusiness concept

    Answer: (C) Value chain

    Explanation

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  40. Question 40

    A metaphor describing the time period in which a firm can realistically enter a new market is
    called:

    1. AOpportunity fall.
    2. BOpportunity gap.
    3. CWindow of opportunity.
    4. DOpportunity recognition.

    Answer: (C) Window of opportunity.

    Explanation

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  41. Question 41

    According to Max Weber, in an ideal bureaucracy:
    a. Jobs are broken down into simple, routine and well-defined tasks.
    b. Offices/Positions are organized in a hierarchy.
    c. All organizational members are to be selected on the basis of technical qualifications.
    d. Rules and Regulations are applied uniformly, avoiding involvement with personalities and
    personal preferences of employees.
    e. The interests of any one employee or group of employees should not take precedence over the
    interests of the organization as a whole.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b, c, d only
    2. Bb, c, d, e only
    3. Ca, b, d, e only
    4. Da, b, c, e only

    Answer: (A) a, b, c, d only

    Explanation

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  42. Question 42

    Which of the following are "Feedforward" control measures for reducing workplace
    violence?
    a. Investigate incidences and take appropriate action.
    b. Train employees about how to avoid danger if situation arises.
    c. Review company policies and change these policies, if necessary.
    d. Clearly communicate policies to employees.
    e. Observe how employees treat and interact with each other.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa and c only
    2. Bc and e only
    3. Cb and d only
    4. Db, d and e only

    Answer: (C) b and d only

    Explanation

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  43. Question 43

    Which of the following are the sources of ethical problems in organizations?
    a. Failure of personal character.
    b. Organisational goals Vs. Social values.
    c. Psychological egoism and rationalism.
    d. Virtue and common good conflict.
    e. Conflict of personal values and organizational goals.
    Choose the correct answer from the options given below:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, b and e only
    4. Db, d and e only

    Answer: (C) a, b and e only

    Explanation

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  44. Question 44

    Psychological factors of individual behaviour will include which of the following?
    a. Perception
    b. Emotional intelligence
    c. Values
    d. Economic status
    e. Attitudes

    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b, c only
    2. Ba, c, e only
    3. Cb, d, e only
    4. Db, c, e only

    Answer: (B) a, c, e only

    Explanation

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  45. Question 45

    Which of the following are the traits of successful leaders?
    a. Creative
    b. Assertive
    c. Persuasive
    d. Decisive
    e. Self-confident
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, c, d only
    2. Ba, b, e only
    3. Cb, c, d, e only
    4. Db, d, e only

    Answer: (D) b, d, e only

    Explanation

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  46. Question 46

    Which of the following will fall under the grievances relating to promotion category?
    a. Supersession
    b. Increments
    c. Acting promotions
    d. Seniority
    e. Pay fixation
    Choose the most appropriate answer from the options given below:

    1. Aa, c, d only
    2. Bb, d, e only
    3. Ca, c, e only
    4. Da, c, d, e only

    Answer: (D) a, c, d, e only

    Explanation

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  47. Question 47

    Which of the following are constituents of trade unions?
    a. Members
    b. Employers
    c. Political Party
    d. Government
    e. Society
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b only
    2. Ba, c, d only
    3. Cb, c, e only
    4. Da, b, d, e only

    Answer: (A) a, b only

    Explanation

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  48. Question 48

    Which of the following are benefits for the organization of career management?
    a. Improved performance.
    b. Improved productivity.

    c. Increased retention of high talent employees.
    d. Development of competencies and personal skills.
    e. Better individual-organization match.
    Choose the correct answer from the options given below:
    Codes

    1. Aa, b, c only
    2. Bb, c, e only
    3. Ca, b, c, d only
    4. Da, d, e only

    Answer: (B) b, c, e only

    Explanation

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  49. Question 49

    Which of the following are three levels of training in the six-sigma quality system?
    a. Blue Belts
    b. Yellow Belts
    c. Black Belts
    d. Red Belts
    e. Green Belts
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, d and e only
    4. Db, c and e only

    Answer: (D) b, c and e only

    Explanation

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  50. Question 50

    Which of the following statements are true in context of efficient market?
    a. Equilibrium rates of return will prevail.
    b. Investor cannot earn a positive return.
    c. Volatility will be very high.
    d. Securities of listed firms sell at their fair values.
    e. Investors are generally risk-averse.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, d only
    2. Bb, c only
    3. Cd, e only
    4. Db, e only

    Answer: (A) a, d only

    Explanation

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  51. Question 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:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, c and d only
    4. Db, d and e only

    Answer: (D) b, d and e only

    Explanation

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  52. Question 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.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, c and d only
    4. Db, d and e only

    Answer: (C) a, c and d only

    Explanation

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  53. Question 53

    Indian national strategy for financial inclusion, 2019-24 aims at:
    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:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, b and d only
    4. Da, c and e only

    Answer: (D) a, c and e only

    Explanation

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  54. Question 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 incurred.
    d. Convince buyers of product's value.
    e. Assess customer needs and value perceptions.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b, c and e only
    2. Ba, b, c and d only
    3. Cb, c, d and e only
    4. Da, d and e only

    Answer: (A) a, b, c and e only

    Explanation

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  55. Question 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 businesses in the corporation must be similar in at least 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:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, d and e only
    4. Db, c and d only

    Answer: (A) a, b and c only

    Explanation

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  56. Question 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 search engine optimization and paid search.
    e. 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.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b and c only
    2. Bb, c and d only
    3. Ca, b and e only
    4. Da, d and e only

    Answer: (D) a, d and e only

    Explanation

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  57. Question 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:
    Codes

    1. Aa, b and d only
    2. Ba, c and e only
    3. Cb, d and e only
    4. Dc, d and e only

    Answer: (A) a, b and d only

    Explanation

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  58. Question 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:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, b and e only
    4. Db, c and e only

    Answer: (A) a, b and c only

    Explanation

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  59. Question 59

    Which of the following statistical tests examines the equality of two means?
    a. F-test
    b. 't'-test
    c. Chi-square (χ2 ) test
    d. Mann-Whitney 'U' test
    e. Kolmogorov-Smirnov test
    Choose the correct answer from the options given below:
    Codes

    1. Aa and c only
    2. Bb and d only
    3. Ca, b and c only
    4. Dc, d and e only

    Answer: (B) b and d only

    Explanation

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  60. Question 60

    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 workflow, speed and quality.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b and c only
    2. Bc, d and e only
    3. Ca, c and d only
    4. Da, c and e only

    Answer: (D) a, c and e only

    Explanation

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  61. Question 61

    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:
    Codes

    1. Aa, c only
    2. Be, b only
    3. Ca, d, e only
    4. Db, c, d only

    Answer: (C) a, d, e only

    Explanation

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  62. Question 62

    Identify the incorrect statement(s) from the following:
    a. Technology is a differentiator among similar business enterprises.
    b. Technology cannot create value for' not-for-profit' organisations.
    c. Pace of technology affects the business model of modem enterprises.

    d. Needs and Goals be defined before acquisition of technology.
    e. Organisations pay little attention to the process of change once a decision to acquire
    technology has been taken.
    Choose the correct answer from the options given below:
    Codes

    1. Ab only
    2. Bc, b only
    3. Ca, c only
    4. Dd, e only

    Answer: (A) b only

    Explanation

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  63. Question 63

    Which of the following are considered as the 'principal standards' in the ISO series developed
    by the International Organization for Standardization?
    a. ISO 9000
    b. ISO 9001
    c. ISO 9002
    d. ISO 9003
    e. ISO 9004
    Choose the correct answer from the options given below:
    Codes

    1. Aa, b and c only
    2. Bb, c and d only
    3. Cc, d and e only
    4. Da and e only

    Answer: (B) b, c and d only

    Explanation

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  64. Question 64

    Identify the correct statements in context of equity financing.
    a. Borrowing limit increases as a consequence of increase in number of shares.
    b. Ordinary shares are generally not redeemable.
    c. Issue of new shares dilutes the EPS if the profits do not increase immediately in proportion to
    increase in number of shares.
    d. A company is not legally obliged to pay dividend.
    e. Ordinary shares are less riskier from investor's perspective.
    Choose the correct answer from the options given below:
    Codes

    1. Ac, e only
    2. Ba, b, c, d only
    3. Cb, c, d only
    4. Da, e only

    Answer: (B) a, b, c, d only

    Explanation

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  65. Question 65

    As per Du Pont equation for ROE, other things remaining constant, which of the following
    statements is false?
    a. An increase in the net profit margin will increase the ROE.
    b. A decrease in debt to asset ratio will increase the ROE.
    c. A decrease in return on assets will decrease the ROE.
    d. An increase in the average asset turnover will increase the ROE.
    e. An increase in equity multiplier will increase the ROE.
    Choose the correct answer from the options given below:
    Codes

    1. Ab only
    2. Bc, d only
    3. Ca, e only
    4. Da, c only

    Answer: (A) b only

    Explanation

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  66. Question 66

    Match List-I with List-II.

    List-IList-II
    a. Directive styleI. High tolerance for ambiguity and an intuitive way of thinking.
    b. Analytic styleII. Low tolerance for ambiguity and an intuitive way of thinking.
    c. Conceptual styleIII. Low tolerance for ambiguity.
    d. Behavioural styleIV. High tolerance for ambiguity and rational way of thinking.
    1. Aa- III, b- IV, c- I, d- II
    2. Ba- III, b- IV, c- II, d- I
    3. Ca- IV, b- III, c- II, d- I
    4. Da- II, b- I, c- IV, d- III

    Answer: (A) a- III, b- IV, c- I, d- II

    Explanation

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  67. Question 67

    Match List-I with List-II.

    List-IList-II
    a. Social boldnessI. Imaginative Vs. Practical
    b. AbstractednessII. Shrewd Vs. Forthright
    c. PrivateIII. Controlled Vs. Casual
    d. PerfectionismIV. Venturesome Vs. Timid
    1. Aa- III, b- I, c- II, d- IV
    2. Ba- I, b- IV, c- II, d- III
    3. Ca- IV, b- II, c- I, d- III
    4. Da- IV, b- I, c- II, d- III

    Answer: (D) a- IV, b- I, c- II, d- III

    Explanation

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  68. Question 68

    Match List-I with List-II.

    List-IList-II
    a. ValueI. Edge in terms of skills, knowledge and abilities.
    b. RarenessII. Teamwork
    c. ImitabilityIII. Empowerment programs.
    d. OrganisationIV. Unique history or culture.
    1. Aa- III, b- I, c- IV, d- II
    2. Ba- I, b- IV, c- III, d- II
    3. Ca- II, b- IV, c- I, d- III
    4. Da- III, b- I, c- II, d- IV

    Answer: (A) a- III, b- I, c- IV, d- II

    Explanation

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  69. Question 69

    Match List-I with List-II.

    List-IList-II
    A. NPVI. Insufficiently consistent.
    B. PaybackII. Highly Inflexible.
    C. Cash ReturnsIII. Balance between flexibility and consistency.
    D. Accounting ReturnsIV. Relatively consistent.
    1. Aa- III, b- IV, c- I, d- II
    2. Ba- I, b- II, c- IV, d- III
    3. Ca- III, b- II, c- IV, d- I
    4. Da- II, b- III, c- I, d- IV

    Answer: (C) a- III, b- II, c- IV, d- I

    Explanation

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  70. Question 70

    Match List-I with List-II.

    List-IList-II
    a. MercantilismI. The range of products made or grown for export would depend upon the relative availability of different factors in each country.
    b. Theory of Absolute AdvantageII. Gold and silver are the mainstay of national wealth.
    c. Theory of Comparative AdvantageIII. Countries should specialize in the production of goods for which they have absolute advantage.
    d. Factor EndowmentIV. Nations should produce those goods for which they have the greatest relative advantage.
    1. Aa- I, b- II, c- III, d- IV
    2. Ba- III, b- II, c- I, d- IV
    3. Ca- II, b- III, c- IV, d- I
    4. Da- IV, b- III, c- II, d- I

    Answer: (C) a- II, b- III, c- IV, d- I

    Explanation

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  71. Question 71

    Match List-I with List-II.

    List-IList-II
    a. Acquire synergistic product/market position.I. Use borrowing capacity and other financial strengths to achieve an immediate performance premium.
    b. Acquire a company with under-utilized financial strength.II. Anticipate shortages and price increases in the physical assets' value. Invest to exploit the resource, using distribution capacity.
    c. Acquire an under-skilled company in a related industry.III. Achieve scale economies of distribution, production and technology.
    d. Acquire an underexploited physical asset.IV. Apply superior marketing, technology and production expertise to enhance the competitive position and performance of the acquisition candidate.
    1. Aa- III, b- I, c- IV, d- II
    2. Ba- IV, b- II, c- I, d- III
    3. Ca- III, b- IV, c- II, d- III
    4. Da- II, b- III, c- I, d- IV

    Answer: (A) a- III, b- I, c- IV, d- II

    Explanation

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  72. Question 72

    Match List-I with List-II.

    List-IList-II
    a. Problem Impact QueenI. How much inventory of the product do you carry?
    b. Problem discovery questionII. Have you experienced any delays in getting those materials from your current suppliers?
    c. Solution value questionIII. What effects do the delays in receiving the materials have on your production costs?
    d. Situational questionIV. If the rejection rate on your quality inspection is reduced to under 1%., how much would that save you?
    1. Aa- II, b- I, c- IV, d- III
    2. Ba- II, b- IV, c- III, d- I
    3. Ca- I, b- III, c- II, d- IV
    4. Da- III, b- II, c- IV, d- I

    Answer: (D) a- III, b- II, c- IV, d- I

    Explanation

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  73. Question 73

    Match List-I with List-II.

    List-IList-II
    a. Crashing an activityI. Length of the longest path through the project network.
    b. Project NetworkII. It shows the time and cost when the activity is fully crashed.
    c. Critical pathIII. It consists of a number of nodes and a number of arcs that connects two different nodes.
    d. Crash pointIV. Taking special (costly) measures to reduce the duration of an activity below its normal value.
    1. Aa- II, b- IV, c- III, d- I
    2. Ba- IV, b- III, c- I, d- II
    3. Ca- IV, b- III, c- II, d- I
    4. Da- III, b- I, c- IV, d- II

    Answer: (B) a- IV, b- III, c- I, d- II

    Explanation

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  74. Question 74

    Match List-I with List-II.

    List-IList-II
    a. Von Krogh and RoosI. Sense-making
    b. WiigII. Semantic Network
    c. Monaka and TakeuchiIII. Organisational epistemology
    d. Choo and WeickIV. Spiralling
    1. Aa- II, b- I, c- III, d- IV
    2. Ba- I, b- III, c- II, d- IV
    3. Ca- III, b- II, c- IV, d- I
    4. Da- I, b- II, c- III, d- IV

    Answer: (C) a- III, b- II, c- IV, d- I

    Explanation

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  75. Question 75

    Match List-I with List-II.

    List-IList-II
    a. Bamoul (2002)I. Innovating firms are more profitable than the non-innovators.
    b. Geroski et.el. (1993) and Leiponen (2000)II. Entrepreneur is a marriage broker between what is desirable from an economic point of view and what is profitable from technological point of view.
    c. Timmons and Spinelli (2007)III. Entrepreneurship is a way of thinking, reasoning and acting that is opportunity obsessed, holistic in approach and leadership balanced.
    d. Burton Klein (1917)IV. In free market economies, innovation is a necessity if a firm wants to survive.
    1. Aa- IV, b- I, c- III, d- II
    2. Ba- II, b- IV, c- III, d- I
    3. Ca- I, b- IV, c- II, d- III
    4. Da- III, b- I, c- IV, d- II

    Answer: (A) a- IV, b- I, c- III, d- II

    Explanation

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  76. Question 76

    Arrange the following steps of developing an organizational structure in sequence.

    a. Enumerate and group the activities of the enterprise consistent with the determined objectives.
    b. Assign the grouped activities to personnel. Similar functions should be combined into one
    position.
    c. Clearly define the objectives to determine the type, stability and basic characteristics of the
    organization.
    d. Determine the span of supervision, the types of organization, the basis of departmentation and
    pattern of authority structure.
    e. Assess the capacities and abilities of human and other resources at the disposal of enterprise.
    Adapt the organization in sync with the reality.
    Choose the correct answer from the options given below:
    Codes

    1. Ac, a, b, d, e
    2. Ba, c, b, e, d
    3. Cc, b, a, e, d
    4. De, d, c, a, b

    Answer: (A) c, a, b, d, e

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  77. Question 77

    Arrange the following steps of Strategic Human Resource Management in the logical
    sequence.
    a. Improve participative management.
    b. To promote teamwork.
    c. Shift focus from statutory participation to total participation.
    d. Achieve group cohesiveness by inculcating participative management.
    e. To achieve excellence in human resource management.
    Choose the correct answer from the options given below:
    Codes

    1. Ae, d, b, a, c
    2. Be, b, d, a, c
    3. Cb, a, d, e, c
    4. Da, c, e, b, d

    Answer: (B) e, b, d, a, c

    Explanation

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  78. Question 78

    Sequence the following steps in the preparation of a versatile and seasoned business plan.
    a. Industry and market analysis.
    b. Operations, marketing plan and financing.
    c. Company and management team profiling.
    d. Risk and contingency analysis.
    e. Executive summary.
    Choose the correct answer from the options given below:

    1. Aa, b, d, c, e
    2. Bc, b, a, d, e
    3. Ce, c, a, b, d
    4. Dd, a, c, b, e

    Answer: (C) e, c, a, b, d

    Explanation

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  79. Question 79

    Arrange the following in the increasing (higher) order of employee participation in decision-
    making.
    a. Joint management councils.
    b. Workers' representative in the board.
    c. Works Committees.
    d. Workers' participation in management.

    e. Workers' share in equity.
    Choose the correct answer from the options given below:
    Codes

    1. Ac, a, e, d, b
    2. Ba, c, d, b, e
    3. Cc, a, b, d, e
    4. Dc, a, d, e, b

    Answer: (D) c, a, d, e, b

    Explanation

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  80. Question 80

    Following are the steps followed by finance manager in procurement of a loan for working
    capital. Arrange them in a proper sequence.
    a. Co-ordinating the verification of assets
    b. Submission of loan proposal
    c. Estimation of Working Capital Requirements
    d. Creation of charge on Assets
    e. Document Execution
    Choose the correct answer from the options given below:
    Codes

    1. Aa, d, b, c, e
    2. Bc, b, a, e, d
    3. Ca, b, e, c, d
    4. Db, a, e, c, d

    Answer: (B) c, b, a, e, d

    Explanation

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  81. Question 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:
    Codes

    1. Ae, a, b, c, d
    2. Bc, b, a, e, d
    3. Cd, c, e, a, b
    4. Db, c, a, e, d

    Answer: (C) d, c, e, a, b

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  82. Question 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.
    c. 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.
    d. Select the critical-to-quality characteristics and define the required performance standards.
    e. Define upper and lower performance 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:
    Codes

    1. Ad, e, b, a, c
    2. Be, d, b, a, c
    3. Cd, b, a, e, c
    4. Dd, b, e, a, c

    Answer: (D) d, b, e, a, c

    Explanation

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  83. Question 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/functionality 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:
    Codes

    1. Ad, a, b, c, e
    2. Ba, b, c, d, e
    3. Cb, a, d, c, e
    4. De, a, b, c, d

    Answer: (C) b, a, d, c, e

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  84. Question 84

    Sequence the following in order to eliminate waste and inefficiencies in the lean
    manufacturing.
    a. Seiso
    b. Shitsuke
    c. Seiri
    d. Seiketsu
    e. Seiton
    Choose the correct answer from the options given below:
    Codes

    1. Ab, c, e, d, a
    2. Bc, a, d, b, e
    3. Ce, d, b, c, a
    4. Dc, e, a, d, b

    Answer: (D) c, e, a, d, b

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  85. Question 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 probable post implementation issues.
    d. Financial feasibility analysis of proposed technology.
    e. Identifying the learning requirements.
    Choose the correct answer from the options given below:

    1. Ad, c, a, e, b
    2. Bb, a, e, d, c
    3. Ca, b, c, e, d
    4. Dd, e, a, b, c

    Answer: (B) b, a, e, d, c

    Explanation

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  86. Question 86

    Given below are two statements:
    Statement I: When 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 :

    1. ABoth Statement I and Statement II are correct.
    2. BBoth Statement I and Statement II are incorrect.
    3. CStatement I is correct but Statement II is incorrect.
    4. DStatement I is incorrect but Statement II is correct.

    Answer: (A) Both Statement I and Statement II are correct.

    Explanation

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  87. Question 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 dynamic solution
    to business problems.
    In the light of the above statements, choose the most appropriate answer from the options given
    below.

    1. ABoth A and R are correct and R is the correct explanation of A.
    2. BBoth A and R are correct but R is NOT the correct explanation of A.
    3. CA is correct but R is incorrect.
    4. DA is incorrect but R is correct.

    Answer: (B) Both A and R are correct but R is NOT the correct explanation of A.

    Explanation

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  88. Question 88

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

    1. ABoth Statement I and Statement II are correct.
    2. BBoth Statement I and Statement II are incorrect.
    3. CStatement I is correct but Statement II is incorrect.
    4. DStatement I is incorrect but Statement II is correct.

    Answer: (A) Both Statement I and Statement II are correct.

    Explanation

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  89. Question 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 term 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 answer from the options given
    below:

    1. ABoth A and R are correct and R is the correct explanation of A.
    2. BBoth A and R are correct but R is NOT the correct explanation of A.
    3. CA is correct but R is incorrect.
    4. DA is incorrect but R is correct.

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

    Explanation

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  90. Question 90

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

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

    1. ABoth A and R are correct and R is the correct explanation of A.
    2. BBoth A and R are correct but R is NOT the correct explanation of A.
    3. CA is correct but R is incorrect.
    4. DA is incorrect but R is correct.

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

    Explanation

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  91. Question 91

    Read the following passage carefully and answer the questions that follow:

    There has been much froth and foam across rooms and boardrooms regarding the ethics, legality
    and appropriateness of the practice of working for one organization while also taking up extra
    responsibilities and jobs with another. As a trend, it is becoming commonplace in the IT and ITeS
    space. This is welcome. It makes sense to encourage more flexibility to employees if these firms
    want to move up the value chain. So, employers should accept the reality and use it to their
    advantage.

    But genuine concerns against 'side-hustles' must be addressed. During the pandemic, the IT sector
    swiftly adapted to work from home (WFH), and professionals furthered their professional
    practice. Many preferred continuing WFH. But that raised the suspicion of many employers about
    workers taking up a second job to earn more. Meanwhile, a sharp rise in demand for IT
    professionals with new skills, and their shortage, widened the demand supply gap. Those who
    could not cope with the expectations - at the entry or middle levels - were fired. But the gig
    economy provides choices and added competition to both employer and employee. Trust is a core
    issue. Conflicts of interest and intellectual property rights violations are non-negotiable. Other
    aspects - fatigue impacting productivity, short-term vs long-term engagements in two jobs, skill
    acquisition, difficulty in monitoring beyond delivery of a defined output, the challenge to
    objectively measure output for a given compensation, peer-pressure, industry trends in
    employment contracts - also influence the attitude towards moonlighting.

    But IT professionals can't be treated as captives. The industry must set the bar for high
    performance and productivity, yet in trusted working conditions that rewards fairly and
    recognizes performance and skills in a transparent way. A fair and broad-based definition of
    moonlighting must be included in the employment contract. A sound HR policy anchored in
    ethical management principles will ensure that there is no need to howl at moonlighting.

    The practice of working for one organization while also taking up extra responsibilities and job
    with another requires:
    a. Trust
    b. Conflict of interest
    c. Stagnation of employee growth
    d. Employees adding limited value to their parent organization
    e. Intellectual property rights
    Choose the most appropriate answer from the options given below:

    1. Aa, b, e only
    2. Ba, c, d only
    3. Cb, d, e only
    4. Da, b, c only

    Answer: (A) a, b, e only

    Explanation

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  92. Question 92

    Read the following passage carefully and answer the questions that follow:

    There has been much froth and foam across rooms and boardrooms regarding the ethics, legality
    and appropriateness of the practice of working for one organization while also taking up extra
    responsibilities and jobs with another. As a trend, it is becoming commonplace in the IT and ITeS
    space. This is welcome. It makes sense to encourage more flexibility to employees if these firms
    want to move up the value chain. So, employers should accept the reality and use it to their
    advantage.

    But genuine concerns against 'side-hustles' must be addressed. During the pandemic, the IT sector
    swiftly adapted to work from home (WFH), and professionals furthered their professional
    practice. Many preferred continuing WFH. But that raised the suspicion of many employers about
    workers taking up a second job to earn more. Meanwhile, a sharp rise in demand for IT
    professionals with new skills, and their shortage, widened the demand supply gap. Those who
    could not cope with the expectations - at the entry or middle levels - were fired. But the gig
    economy provides choices and added competition to both employer and employee. Trust is a core
    issue. Conflicts of interest and intellectual property rights violations are non-negotiable. Other
    aspects - fatigue impacting productivity, short-term vs long-term engagements in two jobs, skill
    acquisition, difficulty in monitoring beyond delivery of a defined output, the challenge to
    objectively measure output for a given compensation, peer-pressure, industry trends in
    employment contracts - also influence the attitude towards moonlighting.

    But IT professionals can't be treated as captives. The industry must set the bar for high
    performance and productivity, yet in trusted working conditions that rewards fairly and
    recognizes performance and skills in a transparent way. A fair and broad-based definition of
    moonlighting must be included in the employment contract. A sound HR policy anchored in
    ethical management principles will ensure that there is no need to howl at moonlighting.

    Given below are two statements:
    Statement I: The practice of moonlighting is increasing because IT professionals are not being
    rewarded fairly.
    Statement II: The contents of employee contract have precisely defined the moonlighting.
    In the light of the above statements, choose the correct answer from the options given below:

    1. ABoth Statement I and Statement II are correct.
    2. BBoth Statement I and Statement II are incorrect.
    3. CStatement I is correct but Statement II is incorrect.
    4. DStatement I is incorrect but Statement II is correct.

    Answer: (B) Both Statement I and Statement II are incorrect.

    Explanation

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  93. Question 93

    Read the following passage carefully and answer the questions that follow:

    There has been much froth and foam across rooms and boardrooms regarding the ethics, legality
    and appropriateness of the practice of working for one organization while also taking up extra
    responsibilities and jobs with another. As a trend, it is becoming commonplace in the IT and ITeS
    space. This is welcome. It makes sense to encourage more flexibility to employees if these firms

    want to move up the value chain. So, employers should accept the reality and use it to their
    advantage.

    But genuine concerns against 'side-hustles' must be addressed. During the pandemic, the IT sector
    swiftly adapted to work from home (WFH), and professionals furthered their professional
    practice. Many preferred continuing WFH. But that raised the suspicion of many employers about
    workers taking up a second job to earn more. Meanwhile, a sharp rise in demand for IT
    professionals with new skills, and their shortage, widened the demand supply gap. Those who
    could not cope with the expectations - at the entry or middle levels - were fired. But the gig
    economy provides choices and added competition to both employer and employee. Trust is a core
    issue. Conflicts of interest and intellectual property rights violations are non-negotiable. Other
    aspects - fatigue impacting productivity, short-term vs long-term engagements in two jobs, skill
    acquisition, difficulty in monitoring beyond delivery of a defined output, the challenge to
    objectively measure output for a given compensation, peer-pressure, industry trends in
    employment contracts - also influence the attitude towards moonlighting.

    But IT professionals can't be treated as captives. The industry must set the bar for high
    performance and productivity, yet in trusted working conditions that rewards fairly and
    recognizes performance and skills in a transparent way. A fair and broad-based definition of
    moonlighting must be included in the employment contract. A sound HR policy anchored in
    ethical management principles will ensure that there is no need to howl at moonlighting.

    As per the given passage, those employees who could not meet the skill gap were:

    1. ADemoted
    2. BTrained
    3. CTransferred
    4. DDischarged

    Answer: (D) Discharged

    Explanation

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  94. Question 94

    Read the following passage carefully and answer the questions that follow:

    There has been much froth and foam across rooms and boardrooms regarding the ethics, legality
    and appropriateness of the practice of working for one organization while also taking up extra
    responsibilities and jobs with another. As a trend, it is becoming commonplace in the IT and ITeS
    space. This is welcome. It makes sense to encourage more flexibility to employees if these firms
    want to move up the value chain. So, employers should accept the reality and use it to their
    advantage.

    But genuine concerns against 'side-hustles' must be addressed. During the pandemic, the IT sector
    swiftly adapted to work from home (WFH), and professionals furthered their professional
    practice. Many preferred continuing WFH. But that raised the suspicion of many employers about
    workers taking up a second job to earn more. Meanwhile, a sharp rise in demand for IT
    professionals with new skills, and their shortage, widened the demand supply gap. Those who
    could not cope with the expectations - at the entry or middle levels - were fired. But the gig
    economy provides choices and added competition to both employer and employee. Trust is a core
    issue. Conflicts of interest and intellectual property rights violations are non-negotiable. Other
    aspects - fatigue impacting productivity, short-term vs long-term engagements in two jobs, skill
    acquisition, difficulty in monitoring beyond delivery of a defined output, the challenge to

    objectively measure output for a given compensation, peer-pressure, industry trends in
    employment contracts - also influence the attitude towards moonlighting.

    But IT professionals can't be treated as captives. The industry must set the bar for high
    performance and productivity, yet in trusted working conditions that rewards fairly and
    recognizes performance and skills in a transparent way. A fair and broad-based definition of
    moonlighting must be included in the employment contract. A sound HR policy anchored in
    ethical management principles will ensure that there is no need to howl at moonlighting.

    Moonlighting encourages:
    a. Commitment for the organization.
    b. Flexibility to employees.
    c. Adding skills.
    d. Employee turnover rate.
    e. Work from home.
    Choose the most appropriate answer from the options given below:
    Codes

    1. Aa, b, c only
    2. Bb, c, d only
    3. Ca, d, e only
    4. Db, c, e only

    Answer: (D) b, c, e only

    Explanation

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  95. Question 95

    Read the following passage carefully and answer the questions that follow:

    There has been much froth and foam across rooms and boardrooms regarding the ethics, legality
    and appropriateness of the practice of working for one organization while also taking up extra
    responsibilities and jobs with another. As a trend, it is becoming commonplace in the IT and ITeS
    space. This is welcome. It makes sense to encourage more flexibility to employees if these firms
    want to move up the value chain. So, employers should accept the reality and use it to their
    advantage.

    But genuine concerns against 'side-hustles' must be addressed. During the pandemic, the IT sector
    swiftly adapted to work from home (WFH), and professionals furthered their professional
    practice. Many preferred continuing WFH. But that raised the suspicion of many employers about
    workers taking up a second job to earn more. Meanwhile, a sharp rise in demand for IT
    professionals with new skills, and their shortage, widened the demand supply gap. Those who
    could not cope with the expectations - at the entry or middle levels - were fired. But the gig
    economy provides choices and added competition to both employer and employee. Trust is a core
    issue. Conflicts of interest and intellectual property rights violations are non-negotiable. Other
    aspects - fatigue impacting productivity, short-term vs long-term engagements in two jobs, skill
    acquisition, difficulty in monitoring beyond delivery of a defined output, the challenge to
    objectively measure output for a given compensation, peer-pressure, industry trends in
    employment contracts - also influence the attitude towards moonlighting.

    But IT professionals can't be treated as captives. The industry must set the bar for high
    performance and productivity, yet in trusted working conditions that rewards fairly and
    recognizes performance and skills in a transparent way. A fair and broad-based definition of

    moonlighting must be included in the employment contract. A sound HR policy anchored in
    ethical management principles will ensure that there is no need to howl at moonlighting.

    The practice of 'moonlighting' is:

    1. AEqually applicable in all industries.
    2. BEthical
    3. CAdds value to the organization.
    4. DLegal and enforceable.

    Answer: (C) Adds value to the organization.

    Explanation

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  96. Question 96

    Read the following passage carefully and answer the questions that follow:

    Indian aviation will fly out of pandemic-induced fare bands with some of its heaviest losses
    behind it. Indian fliers have also been through a bout of technical glitches that the authorities have
    traced back to aircraft not having enough certifying manpower and flying with the minimum
    permissible list of defective equipment. A strong festive demand could reverse the sequential
    declines in air travel during the ongoing lean season. The removal of airfare caps coincides with a
    recent softening of jet fuel prices which, however, remain elevated. Freedom to pass on the
    biggest cost component to fliers should improve the financial metrics of airlines. One is keeping
    one's fingers crossed and seat belts buckled.

    The industry is witnessing a round of capital infusion that also affects the competitive intensity.
    The Tatas are consolidating the splintered market share of the group's various airlines, and
    SpiceJet is considering a stake sale to raise funds. Market leader Indigo expects its strong revenue
    performance will lead it back into profits soon. Although the industry's air traffic yields have
    surpassed pre-pandemic levels, fuel costs and a declining rupee could subdue earnings. Newly
    opened up foreign routes are likely to witness stiff competition. Tire launch of Akasa Air and
    resumption of operations by Jet Airways will increase demand for airline employees. Air India is
    restoring salaries to pre-Covid levels.

    Industry-wide losses are expected to fall sharply this year as Indian aviation enters another phase
    of growth. India is among the fastest growing aviation markets in the world and has a lot of
    catching up to do in terms of the size of its commercial aircraft fleet. Given the country's traffic
    growth projections, Indian airlines are likely to acquire more clout as aircraft buyers. The
    government, on its part, has a high budget for decongesting airports and is encouraging the
    development of the domestic aircraft maintenance industry. As India's airlines fly out of the
    current cloud bank, sunny skies await.

    The factor adversely affecting Indian aviation is:

    1. ARemoval of airfare caps.
    2. BSoftening of jet fuel prices.
    3. CDeclining value of rupee against US dollar.
    4. DIndian airlines acquiring clout as aircraft buyers.

    Answer: (C) Declining value of rupee against US dollar.

    Explanation

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  97. Question 97

    Read the following passage carefully and answer the questions that follow:

    Indian aviation will fly out of pandemic-induced fare bands with some of its heaviest losses
    behind it. Indian fliers have also been through a bout of technical glitches that the authorities have
    traced back to aircraft not having enough certifying manpower and flying with the minimum

    permissible list of defective equipment. A strong festive demand could reverse the sequential
    declines in air travel during the ongoing lean season. The removal of airfare caps coincides with a
    recent softening of jet fuel prices which, however, remain elevated. Freedom to pass on the
    biggest cost component to fliers should improve the financial metrics of airlines. One is keeping
    one's fingers crossed and seat belts buckled.

    The industry is witnessing a round of capital infusion that also affects the competitive intensity.
    The Tatas are consolidating the splintered market share of the group's various airlines, and
    SpiceJet is considering a stake sale to raise funds. Market leader Indigo expects its strong revenue
    performance will lead it back into profits soon. Although the industry's air traffic yields have
    surpassed pre-pandemic levels, fuel costs and a declining rupee could subdue earnings. Newly
    opened up foreign routes are likely to witness stiff competition. Tire launch of Akasa Air and
    resumption of operations by Jet Airways will increase demand for airline employees. Air India is
    restoring salaries to pre-Covid levels.

    Industry-wide losses are expected to fall sharply this year as Indian aviation enters another phase
    of growth. India is among the fastest growing aviation markets in the world and has a lot of
    catching up to do in terms of the size of its commercial aircraft fleet. Given the country's traffic
    growth projections, Indian airlines are likely to acquire more clout as aircraft buyers. The
    government, on its part, has a high budget for decongesting airports and is encouraging the
    development of the domestic aircraft maintenance industry. As India's airlines fly out of the
    current cloud bank, sunny skies await.

    The future of Indian aviation industry is likely to be:

    1. AFavourable
    2. BUnfavourable
    3. CUncertain
    4. DChallenged

    Answer: (A) Favourable

    Explanation

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  98. Question 98

    Read the following passage carefully and answer the questions that follow:

    Indian aviation will fly out of pandemic-induced fare bands with some of its heaviest losses
    behind it. Indian fliers have also been through a bout of technical glitches that the authorities have
    traced back to aircraft not having enough certifying manpower and flying with the minimum
    permissible list of defective equipment. A strong festive demand could reverse the sequential
    declines in air travel during the ongoing lean season. The removal of airfare caps coincides with a
    recent softening of jet fuel prices which, however, remain elevated. Freedom to pass on the
    biggest cost component to fliers should improve the financial metrics of airlines. One is keeping
    one's fingers crossed and seat belts buckled.

    The industry is witnessing a round of capital infusion that also affects the competitive intensity.
    The Tatas are consolidating the splintered market share of the group's various airlines, and
    SpiceJet is considering a stake sale to raise funds. Market leader Indigo expects its strong revenue
    performance will lead it back into profits soon. Although the industry's air traffic yields have
    surpassed pre-pandemic levels, fuel costs and a declining rupee could subdue earnings. Newly
    opened up foreign routes are likely to witness stiff competition. Tire launch of Akasa Air and
    resumption of operations by Jet Airways will increase demand for airline employees. Air India is
    restoring salaries to pre-Covid levels.

    Industry-wide losses are expected to fall sharply this year as Indian aviation enters another phase
    of growth. India is among the fastest growing aviation markets in the world and has a lot of
    catching up to do in terms of the size of its commercial aircraft fleet. Given the country's traffic
    growth projections, Indian airlines are likely to acquire more clout as aircraft buyers. The
    government, on its part, has a high budget for decongesting airports and is encouraging the
    development of the domestic aircraft maintenance industry. As India's airlines fly out of the
    current cloud bank, sunny skies await.

    Given below are two statements:
    One is labelled as Assertion 'A' and the other is labelled as Reason 'R'.
    Assertion (A): Pandemic is not the only reason for the losses in the aviation industry.
    Reason (R): Large number of technical reasons have resulted into the cancellation of flights.
    In the light of the above statements, choose the most appropriate answer from the options given
    below :

    1. ABoth A and R are correct and R is the correct explanation of A.
    2. BBoth A and R are correct but R is NOT the correct explanation of A.
    3. CA is correct but R is incorrect.
    4. DA is incorrect but R is correct.

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

    Explanation

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  99. Question 99

    Read the following passage carefully and answer the questions that follow:

    Indian aviation will fly out of pandemic-induced fare bands with some of its heaviest losses
    behind it. Indian fliers have also been through a bout of technical glitches that the authorities have
    traced back to aircraft not having enough certifying manpower and flying with the minimum
    permissible list of defective equipment. A strong festive demand could reverse the sequential
    declines in air travel during the ongoing lean season. The removal of airfare caps coincides with a
    recent softening of jet fuel prices which, however, remain elevated. Freedom to pass on the
    biggest cost component to fliers should improve the financial metrics of airlines. One is keeping
    one's fingers crossed and seat belts buckled.

    The industry is witnessing a round of capital infusion that also affects the competitive intensity.
    The Tatas are consolidating the splintered market share of the group's various airlines, and
    SpiceJet is considering a stake sale to raise funds. Market leader Indigo expects its strong revenue
    performance will lead it back into profits soon. Although the industry's air traffic yields have
    surpassed pre-pandemic levels, fuel costs and a declining rupee could subdue earnings. Newly
    opened up foreign routes are likely to witness stiff competition. Tire launch of Akasa Air and
    resumption of operations by Jet Airways will increase demand for airline employees. Air India is
    restoring salaries to pre-Covid levels.

    Industry-wide losses are expected to fall sharply this year as Indian aviation enters another phase
    of growth. India is among the fastest growing aviation markets in the world and has a lot of
    catching up to do in terms of the size of its commercial aircraft fleet. Given the country's traffic
    growth projections, Indian airlines are likely to acquire more clout as aircraft buyers. The
    government, on its part, has a high budget for decongesting airports and is encouraging the
    development of the domestic aircraft maintenance industry. As India's airlines fly out of the
    current cloud bank, sunny skies await.

    Which one of the following will impair the competitive intensity of the industry?

    1. ACapital infusion.
    2. BConsolidation of market share.
    3. CLaunch of Akasa Airline.
    4. DTurbulence in fuel prices.

    Answer: (A) Capital infusion.

    Explanation

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  100. Question 100

    Read the following passage carefully and answer the questions that follow:

    Indian aviation will fly out of pandemic-induced fare bands with some of its heaviest losses
    behind it. Indian fliers have also been through a bout of technical glitches that the authorities have
    traced back to aircraft not having enough certifying manpower and flying with the minimum
    permissible list of defective equipment. A strong festive demand could reverse the sequential
    declines in air travel during the ongoing lean season. The removal of airfare caps coincides with a
    recent softening of jet fuel prices which, however, remain elevated. Freedom to pass on the
    biggest cost component to fliers should improve the financial metrics of airlines. One is keeping
    one's fingers crossed and seat belts buckled.

    The industry is witnessing a round of capital infusion that also affects the competitive intensity.
    The Tatas are consolidating the splintered market share of the group's various airlines, and
    SpiceJet is considering a stake sale to raise funds. Market leader Indigo expects its strong revenue
    performance will lead it back into profits soon. Although the industry's air traffic yields have
    surpassed pre-pandemic levels, fuel costs and a declining rupee could subdue earnings. Newly
    opened up foreign routes are likely to witness stiff competition. Tire launch of Akasa Air and
    resumption of operations by Jet Airways will increase demand for airline employees. Air India is
    restoring salaries to pre-Covid levels.

    Industry-wide losses are expected to fall sharply this year as Indian aviation enters another phase
    of growth. India is among the fastest growing aviation markets in the world and has a lot of
    catching up to do in terms of the size of its commercial aircraft fleet. Given the country's traffic
    growth projections, Indian airlines are likely to acquire more clout as aircraft buyers. The
    government, on its part, has a high budget for decongesting airports and is encouraging the
    development of the domestic aircraft maintenance industry. As India's airlines fly out of the
    current cloud bank, sunny skies await.

    Which of the following are the initiatives taken by the Government to promote aviation industry?
    a. Big budget for decongesting airports.
    b. Encouraging domestic aircraft maintenance industry.
    c. Capital infusion to expand capacity.
    d. Reducing the permissible list of defective equipment.
    e. Removal of airfare caps.
    Choose the most appropriate answer from the options given below:

    1. Aa, b only
    2. Ba, b, e only
    3. Cc and d only
    4. Da, b, c only

    Answer: (B) a, b, e only

    Explanation

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Paper 1 had 50 questions and Paper 2 (Management) had 100 questions, for 150 in total across 3 hours.

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