December 2015 - Paper 2

41:   Which of the following are included as external factors affecting industrial sickness?

(a) Changes in fiscal and monetary policies

(b) Price and distribution

(c) Non-availability of inputs

(d) Industrial relations

(e) Capital market fluctuations
A.

(a), (b), (c) and (d)

B.

(b), (c), (d) and (e)

C.

Only (a), (b) and (c)

D.

(a), (b), (c), (d) and (e)

 
 

Option: B

Explanation :

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42:  

Statement (I) "Motivation is a continuous, complex and dynamic process",

Statement (II) "As compared to other industries, extra motivation is required in service sector industries".

A.

Statement (I) is correct but Statement (II) is incorrect.

B.

Statement (II) is correct but Statement (I) is incorrect.

C.

Both, Statement (I) and (II) are correct.

D.

Both, Statement (I) and (II) are incorrect.

 
 

Option: C

Explanation :

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43:  

Assertion (A): The function of entrepreneurs is to reform or revolutionise the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way.

Reasoning (R) : Lack of innovations will usually reduce the life span of a product and/ or service.

A.
Assertion (A) and Reasoning (R), both, are correct, and (R) is correct explanation of (A).
B.
Asse rtion (A) and Reasoning (R), both, are correct, but (R) is not right explanation of (A).
C.

Assertion (A) is correct, whereas Reasoning (R) is incorrect.

D.

Reasoning (R) is correct, whereas Assertion (A) is incorrect.

 
 

Option: B

Explanation :

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44:  

A business idea becomes a good business opportunity when it covers which four of the following?

(a) Attractiveness (b) Foreign Collaborations

(c) Political Support (d ) Timeliness

(e) Durability (f) Value addition to end user

A.

(a), (b), (d) and (e)

B.

(a), (b), (e) and (f)

C.

(a), (d), (e) and (f)

D.

(b), (e), (e) and (f)

 
 

Option: C

Explanation :

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45:   Which of the following are correct for an entrepreneur ?

(a) is an independent person

(b) makes his/her own decisions

(c) has the opportunity of realising dreams

(d) has good financial strength

(e) has undergone a systematic business training

(f) has immense job satisfaction
A.

(a), (b), (c) and (d)

B.

(a), (b), (c) and (e)

C.

(a), (b), (c) and (f)

D.

(a), (b), (d) and (f)

 
 

Option: C

Explanation :

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