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MH SET 2018: 28 January, Paper III, Management

  • Date: 28 January 2018
  • Paper code: JAN51318
  • Series: A
  • Language: Bilingual
  • 20 pages
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Test Booklet Code & Serial No.
                                                                                                                    A
                                                            MANAGEMENT
Signature and Name of Invigilator                                                                Seat No.
1. (Signature) .........................................                                                  (In figures as in Admit Card)
      (Name) ................................................                    Seat No. ..............................................................
2. (Signature) .........................................                                                   (In words)

      (Name) ................................................                      OMR Sheet No.

JAN - 51318                                                                                         (To be filled by the Candidate)
Time Allowed : 2½ Hours]                                                                            [Maximum Marks : 150
Number of Pages in this Booklet : 20                                                   Number of Questions in this Booklet : 75
                     Instructions for the Candidates
1.        Write your Seat No. and OMR Sheet No. in the space provided            1.
          on the top of this page.
2.        This paper consists of 75 objective type questions. Each question
          will carry two marks. All questions of Paper-III will be compulsory,   2.
          covering entire syllabus (including all electives, without options).
3.        At the commencement of examination, the question booklet
          will be given to the student. In the first 5 minutes, you are
          requested to open the booklet and compulsorily examine it as           3.
          follows :
          (i)      To have access to the Question Booklet, tear off the
                   paper seal on the edge of this cover page. Do not accept
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                   a booklet without sticker-seal or open booklet.
          (ii)     Tally the number of pages and number of questions
                   in the booklet with the information printed on the                    (ii)
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                   questions or questions repeated or not in serial
                   o rder or any other discre pancy should not be
                   accepted and correct booklet should be obtained
                   from the invigilator within the period of 5 minutes.
                   Afterwards, neither the Question Booklet will be
                   replaced nor any extra time will be given. The same
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          (iii)    After this verification is over, the OMR Sheet Number
                   should be entered on this Test Booklet.                               (iii)
4.        Each question has four alternative responses marked (A), (B),
          (C) and (D). You have to darken the circle as indicated below on
          the correct response against each item.                                4.                       (A), (B), (C)   (D)
          Example : where (C) is the correct response.

                             A        B                 D
                                                                                                    (C)
5.        Your responses to the items are to be indicated in the OMR
          Sheet given inside the Booklet only. If you mark at any place                                   A        B              D
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                                                                                 5.
6.        Read instructions given inside carefully.
7.        Rough Work is to be done at the end of this booklet.
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9.        You have to return original OMR Sheet to the invigilator at the
          end of the examination compulsorily and must not carry it with         9.
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          to carry the Test Booklet and duplicate copy of OMR Sheet on
          conclusion of examination.
10.       Use only Blue/Black Ball point pen.                                    10.
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12.       There is no negative marking for incorrect answers.                    12.
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JAN - 51318/III—A
                                    Management
                                        Paper III
Time Allowed : 2½ Hours]                           [Maximum Marks : 150
Note : This paper contains Seventy Five (75) multiple choice questions. Each
       question carries Two (2) marks. Attempt All questions.

1.   ......................helps organizations       3.   Which of the following best defines

                                                          recruitment in an organisation ?
     identify employee strengths and
                                                          (A) Forcast the supply of outside
     weeknesses to determine a venue for
                                                              candidates
     their career development.
                                                          (B) Develop      an     appropriate
     (A) Gap Analysis                                         applicant pool

                                                          (C) Determine the importance of
     (B) Individual assessment
                                                              Job applicants
     (C) Organisational assessment
                                                          (D) Preparing job profile as per post

     (D) Opportunity analysis                                 requirement

                                                     4.   What describes in detail, the various
2.   Performance bonus is an example
                                                          aspects of a job like the tasks
     of :                                                 involved the responsibilities of the
                                                          job and deliverables ?
     (A) Intrinsic reward
                                                          (A) Job Description
     (B) Extrinsic reward
                                                          (B) Job Specification
     (C) Intrinsic wage payment
                                                          (C) Job Evaluation

     (D) Extrinsic wage payment                           (D) Job Enlargement

                                                 3                                     [P.T.O.
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5.   .................is the process by which the       7.   Who started the publication of

     knowledge of an employee, his skills,                   English weekly called ‘‘socialist’’
                                                             1923 ?
     his abilities and motives to perform
                                                             (A) Muzaffar Ahmad
     a job match the requirement of the

     job.                                                    (B) V.B. Karnik

                                                             (C) Lala Lajpat Rai
     (A) Recruitment
                                                             (D) S.A. Dange
     (B) Job Analysis
                                                        8.   Accidents are described in terms
     (C) Selection                                           of :

     (D) Placement                                           (A) Fatal, Minor, Partial

6.   The development function of human                       (B) Total, Major, Disability

     resources has three dimensions.                         (C) Internal, Temporary, Permanent

     Which of the following does not fall                    (D) Frequency, Severity, Incidence

     under the development function of                  9.   As per Schedule 49 of Factories Act,

     human resources ?                                       organization should apoint Labour
                                                             Welfare Officer if employees are
     (A) Employee training
                                                             more than :
     (B) Management development                              (A) 250

     (C) Career development                                  (B) 750

     (D) Identifying ways to motivate                        (C) 500

            employees                                        (D) 1000
                                                    4
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10. It is not the example of workers’            13. Providing housing accommodation,
    Participation Forum :
                                                     amusement and sports, educational
    (A) Works Committees
                                                     facilities for adults and children
    (B) Joint Councils
                                                     are :
    (C) Plant Councils
                                                     (A) Extra Mural facilities
    (D) Trade Union Councils

11. This is not a Tripartite Committee :             (B) Intra Mural facilities

    (A) Steering Committee on Wage                   (C) Inclusive Mural facilities

    (B) Works Committees
                                                     (D) Exclusive Mural facilities
    (C) Central Boards of Workers’
           Education                             14. When organizations as coalitions of

    (D) National Productivity Council                competing interests, where the

12. Bargaining         that   focuses   on           management’s role is to mediate
    convincing the other party that the
                                                     amongst the different interest
    cost of disagreeing with the proposed
                                                     groups display :
    terms would be very high is known
    as :                                             (A) Marxist Approach

    (A) Integrative Bargaining
                                                     (B) Unitary Approach
    (B) Easy Bargaining
                                                     (C) Dualistic Approach
    (C) Distributive Bargaining

    (D) Tough Bargaining                             (D) Pluralistic Approach

                                             5                                    [P.T.O.
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15. The primary method used to ensure          17. The...............of the product mix refers

    external equity in an organization’s            to how closely related the various

                                                    product lines are in end use,
    wage and salary system is :
                                                    production requirements, distribution
    (A) Wage survey                                 channels, or some other way.

    (B) Wage rate analysis                          (A) consistency


    (C) Money survey                                (B) depth

                                                    (C) width
    (D) Items survey
                                                    (D) length
16. Nike lets consumers customize
                                               18. .................for a product is the total
    atheletic shoes for $ 10 more. A
                                                    volume that would be bought by a
    shoper with two different size feet
                                                    defined customer group in a defined
    can even get a non-matching pair.               geographical area in a defined time

    This would be example of which of               period in a defined marketing

                                                    environment under a defined
    following ?
                                                    marketing program.
    (A) Mass Marketing
                                                    (A) Market share
    (B) Mass Customization
                                                    (B) Market supply

    (C) Individualization                           (C) Market demand

    (D) Niche Marketing                             (D) Market potential

                                           6
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19. One set of consumers, during a focus         21. The objective of ‘‘defensive switching’
     group session, indicated that Dell
                                                      is to :
     computers reminded them of a Surfer,

     Apple computer was equated to a                  (A) Retain     the   customer      by

     mad scientists and IBM computers                      encouraging him/her to buy the
     to scrooge from the Dicken’s tale.
                                                           same brand as was bought on
     Which of the following qualitative
                                                           earlier occasion instead of
     research approaches matches to the

     approaches described above :                          switching to a different brand


     (A) Projective techniques                             on this purchase occasion.

     (B) Visualisation                                (B) Encourage store switching.

     (C) Brand personification
                                                      (C) Encourage consumers to buy a
     (D) Laddering
                                                           different brand than the one
20. Which of the following is not a factor
                                                           that they bought on earlier
     in the Kano’s Model ?
                                                           purchase occasion or had the
     (A) Competitive factors
                                                           intention of buying now.
     (B) Excitement factors

     (C) Performance factors                          (D) Encourage the customers to buy


     (D) Basic factors                                     high margin products.

                                             7                                      [P.T.O.
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22. These are a group of people in the         24. In Consumer Buying Behaviour,

    process of diffusion who enjoy being            initiator is :

    at the leading edge of innovation
                                                    (A) A person who first suggests the

    and buy into new products at an
                                                         idea of buying the product or

    early stage :
                                                         service

    (A) Late majority
                                                    (B) A person who makes the actual

    (B) Early adopters                                   purchase

    (C) Early majority                              (C) A person who first uses the

    (D) Laggards                                         product or service


23. Delivery   services    offered   by             (D) A    person     whose      advice

    restaurants and other food chains in                 influences the decision

    our market on phone calls are              25. ‘‘Intel Inside’’ is a classic example of

    examples of :                                   which one of the following ?

    (A) Sales promotion                             (A) Bundling

    (B) Direct marketing                            (B) Ingredient co-branding

    (C) Publicity                                   (C) Joint venture

    (D) Personal selling                            (D) Effective packaging

                                           8
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26. Setting prices as low as possible          28. Psychographic segmentation divides
    typically supports which of the
                                                    customers based on the :
    following marketing objectives ?
                                                    (A) Actual behaviour of customers
    (A) Survival
                                                         towards services
    (B) Current profit maximization

    (C) Market-share leadership                     (B) Difference in demographic

    (D) Product-quality leadership                       factors

27. Selective Retention means that :                (C) Location

    (A) People will twist information
                                                    (D) Lifestyle and personality
        into personal meanings.

                                               29. ................means inviting the Internet
    (B) People are likely to notice

        stimuli whose deviations are                community to help create content or

        large in relation to the normal             software, often with prize money or
        size of the stimuli.
                                                    a moment of glory involved.
    (C) People will forget much that
                                                    (A) Stage-gating
        they learn but will tend to

        retain infomation that supports             (B) Co-creation
        their attitudes and beliefs.
                                                    (C) Microstocking
    (D) People are more likely to notice

        stimuli that they anticipate.               (D) Crowd sourcing

                                           9                                         [P.T.O.
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30. .............is a strategy that emphasises        32. State which one of the following

     making an organization more                          statements is wrong ?

     competitive by targeting a specific                  (A) Dividend decisions relate to
                                                               appropriation of profit
     regional market, product line or
                                                          (B) Finance decisions relate to
     buyer group.
                                                               Procurement of funds
     (A) Focus strategy
                                                          (C) Investment decisions relate to

     (B) Cost leadership                                       selection of viable and profitable
                                                               investment alternatives and
     (C) Differentiation strategy
                                                               allocation of funds.

     (D) Portfolio strategy                               (D) Strategic Financial Management
                                                               focus on long range financial
31. Responding to competitive pressure,
                                                               planning to achieve corporate
     innovator opens fancier stores,
                                                               objectives.
     expands product lines and raises
                                                      33. In CAPM, the prices of securities are
     both prices and profits. This is                     determined by :

     known as :                                           (A) Risk Premium Proportional to
                                                               Unsystematic Risk
     (A) Innovation
                                                          (B) Excess Return
     (B) Trading up
                                                          (C) Systematic Risk
     (C) Vulnerability
                                                          (D) Risk Premium Proportional to
     (D) Trading down                                          Systematic Risk
                                                 10
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34. The financial risk of a concern is not        37. Derivatives include :
     determined by :
                                                      (A) Options
     (A) Capital Gearing
                                                      (B) Options and Futures
     (B) Operating Leverage

     (C) Cost of Capital                              (C) Swaps and Options

     (D) Unrestrictive Covenants of Debt              (D) Options, Forward Contracts,
         Finance
                                                          Future Contracts and Swaps
35. Which one of the factors is not
     relevant determinant factor in               38. Foreign Currency Risk Exposure
     capital structure ?
                                                      consists :
     (A) Flotation Costs
                                                      (A) Transaction Risk
     (B) Cost of Capital

     (C) Market Conditions                            (B) Translation Risk

     (D) Market Share                                 (C) Economic Risk
36. A Firm’s Credit Policy will be
                                                      (D) Transaction Risk, Translation
     considered optimum at the point
     where :                                              Risk and Economic Risk

     (A) Incremental Rate of Return               39. Which one of the following does not
         equals the Cost of Funds
                                                      constitute merger benefits ?
     (B) Incremental Rate of Return is
         more than the Cost of Funds                  (A) Economies of Scale

     (C) Incremental Rate of Return is                (B) Increased Efficiency
         less than the Cost of Funds
                                                      (C) Tax Shields or Shared Resources
     (D) Rate of Return is less than the

         Cost of Funds                                (D) Capital Rationing

                                             11                                  [P.T.O.
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40. The smallest price increment a              42. Which one of the following statements

                                                    is incorrect ?
    currency can make against another
                                                    (A) When a Company Issues ‘Stock
    currency in foreign exchange trading
                                                         Dividends’ it effects Debt Equity

    is called as :                                       Ratio.

                                                    (B) When a Company Issues ‘Bonus
    (A) Lot
                                                         Shares’ it effects Debt Equity

    (B) Pip                                              Ratio.

                                                    (C) When a Company Issues ‘Stock
    (C) Quote
                                                         Dividends’ it does not effect Debt

    (D) Forex                                            Equity Ratio.

                                                    (D) When a Company Issues ‘Stock
41. ‘Forward Market Contracts’ and
                                                         Dividends’ it does not effect

    ‘Futures and Options’ are :                          ‘Cash Dividends’.

                                                43. Which one of the following methods
    (A) tools to measure risk
                                                    is consistent with wealth maximisation

    (B) tools to deal with the foreign              objective ?

                                                    (A) IRR and ARR
        exchange risk
                                                    (B) IRR and NPV
    (C) tools to measure exchange rate
                                                    (C) IRR and Pay Back Period

    (D) tools to take decisions                     (D) ARR and Pay Back Period

                                           12
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44. Price of an option is not determined        47. Permission to move the goods
    by :                                            physically inside to port requried :
    (A) Market Index
                                                    (A) Shipping Bill
    (B) Future Price and Strike Price
                                                    (B) Export Licence
    (C) Interest Rates
                                                    (C) GR-I Form
    (D) Time of Option
                                                    (D) Carting Order
45. Which one of the following is not
    part of calculation of EOQ ?                48. One of the following is not the

    (A) Annual Requirement (A)                      Marine Cargo Insurance policy :

    (B) Per Order Cost (O)                          (A) Open Cover

    (C) Carrying Cost Per Unit (C)                  (B) Specific Voyage
    (D) Number of Orders (N)
                                                    (C) Annual Turnover Policy
46. A merger which takes place upon the
                                                    (D) Inland Insure Policy
    combination of two companies
    operating in the same industry but          49. The exchange rate quotation system
    at different stages of production or            when quoted as ` 45/US $, then it
    distribution system is called as
                                                    is :
    ................merger.
                                                    (A) Indirect quote
    (A) Horizontal
                                                    (B) Direct quote
    (B) Vertical

    (C) Reverse                                     (C) Spread quote

    (D) Conglomerate                                (D) Bid quote

                                           13                                   [P.T.O.
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50. Improvising the aquired technologies        52. United Kingdom has move out from

    for one’s home need, when capital               which of the following organisation

    is limited is which phase of                    recently ?
    technology cycle :
                                                    (A) European Union (EU)
    (A) Awarness phase
                                                    (B) WTO
    (B) Adaptation phase
                                                    (C) SAARC
    (C) Advancement phase
                                                    (D) ASEAN
    (D) Aquisition phase
                                                53. A regional trading block is known
51. Real operating exposure not
                                                    as Economic Community when
    includes :
                                                    member countries :
    (A) Exchange rate adjusted for
                                                    (A) Allow only factor of production
         inflation

                                                    (B) Implement identical monetary
    (B) Operating cash flow
                                                        policies only
    (C) Exposure emerge on accounts of

         export      and   import     of            (C) Eliminate all trade barriers

         commodities                                    among themselves


    (D) Companies future revenue and                (D) Remove the tariff restriction

         cost stream                                    only

                                           14
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54. Which framework enables an                57. Mode-1 of General Agreement on

   international financial manager to             Trade in Services comprises of :

   make    decision     on   long-term            (A) Consumption Abroad

   investment ?                                   (B) Commercial Presence

                                                  (C) Cross-border Trade
   (A) Capital Budgeting
                                                  (D) Temporary        movement       of
   (B) Investment Decision                            natural person

   (C) Cross-border mergers                   58. Analyses of railroad investments,
                                                  which added analytical information
   (D) Financing decision framework               about value of securities :

55. Trade Integration among the                   (A) Moody’s Investor Service

   member countries not lead to :                 (B) Standard & Poor’s

                                                  (C) Fitch
   (A) Trade creation and diversion
                                                  (D) CARE
   (B) Price and competition
                                              59. Which among the following is not
   (C) Static effects                             the function of WTO ?

                                                  (A) Acting     as   a    forum     for
   (D) Economies of scale
                                                      multilateral trade negotiation
56. Which is not a method for an                  (B) Seeking    to resolve trade
   exporter to get a contract ?                       negotiation
                                                  (C) Overseeing national trade
   (A) Import licence
                                                      policies
   (B) Pro forma Invoice                          (D) Cooperating         with    other
                                                      International        Institution
   (C) Purchase Order
                                                      involve in local economic policy

   (D) Sales Contract                                 making

                                         15                                      [P.T.O.
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60. Accelerating or advancing the
                                                 63. The statement that ‘‘advertisement
    timings of receipts or payment of

    foreign      currency   in   foreign             expenditure and sales change in the

    exchange risk is :
                                                     same direction’’ is :
    (A) Lag
                                                     (A) always true
    (B) Pip

    (C) LOT                                          (B) never true

    (D) Leads
                                                     (C) sometimes true
61. ..............not the stage in import

    procedure.                                       (D) rarely true

    (A) Placing the indent
                                                 64. The performance appraisal method
    (B) Obtaining the foreign exchange

                                                     that channelizes employee efforts
    (C) Payment of custom duty

    (D) Endorsement for payment                      with organizational goals is :

62. The concept of kinky oligopoly
                                                     (A) BARS
    demand curve was put forward by :

    (A) Paul Baran                                   (B) 360 degree appraisal

    (B) Alfred Marshall
                                                     (C) Balance scorecard
    (C) George Stigler

    (D) Paul Sweezy                                  (D) Management by objectives

                                            16
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65. .................as a training method helps        68. Psychological         Approach     to
     the trainee gain cross functional                     Industrial Relations describes :
     knowledge :
                                                           (A) That the industry is a social
     (A) Apprenticeship
                                                               world and relations among
     (B) Simulation
                                                               participants are like social
     (C) Job rotation
                                                               relations.
     (D) Job enlargement
                                                           (B) That the main participants of
66. By convention, which type of error
                                                               industry are human beings and
     is considered to be more serious ?
                                                               therefore human relations
     (A) Type II
                                                               should exists among them.
     (B) Type I

     (C) Neither Type I nor Type II                        (C) That the problems of industrial

                                                               relations are deeply rooted in
     (D) Both Type I and Type II
                                                               the perception and the attitude
67. Unity is strength, equal pay for

     equal work and security of service                        of focal participants.

     are principles of :
                                                           (D) That      the    employees   and
     (A) Trade Unionism
                                                               management should maintain
     (B) Compensation Management                               relations among them based on

     (C) Social Security and Welfare                           ethical principles and moral

     (D) Job Evaluation                                        values.

                                                  17                                     [P.T.O.
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69. Which of the following statements      70. Modigliani       Miller      Approach


    are false ?                                (MM Approach) to capital structure


    I.   Money has no time value.              is proved based on...............process.


    II. The present value of future            (A) Leverage


         amount        remains   same
                                               (B) Arbitrage

         irrespective of the time of
                                               (C) Profitability
         occurrence.

                                               (D) Balancing
    III. The discounting techniques

                                           71. Net profits divided by net sales
         help in finding out the future

                                               equals :
         value of a present amount.


                                               (A) Asset turnover
    (A) I and II


    (B) I and III                              (B) Profit margin



    (C) II and III                             (C) Return on assets


    (D) I, II and III                          (D) Financial leverage

                                      18
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72. The customer satisfaction is
                                                 74. Resource reallocation from non-
    measured based on the relationship
    of........................                       critical to critical activities is an
    (A) anticipated        and       real
        performance                                  example of :
    (B) perceived performance and
        expectation                                  (A) Critical path method
    (C) advertised outcomes and real
        outcomes                                     (B) Program evaluation and review
    (D) past experience and present
        experience                                       technique

73. Which of the following is not true
    of the IT project implementation                 (C) Resource allocation
    plan ?
    (A) It enables to client to have                 (D) Resource levelling
        sufficient control over the
        project.
                                                 75. Which of the following is the most
    (B) It enables stakeholders to know
        exactly at what point the                    common queue discipline ?
        software professionals would be
        working on with regard to the
                                                     (A) First come first served
        developers infrastructure.
    (C) It provides a common platform
                                                     (B) Shortest processing route
        for the developers and the client
        to come together and take the
        project ahead.                               (C) Longest processing route

    (D) It determines the scope of the
        project.                                     (D) Minimum black time

                                            19                                     [P.T.O.
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Source: Savitribai Phule Pune University. Question paper published by Savitribai Phule Pune University.