December 2011 - Paper 2

11:  

In which year the new Industrial Policy was announced?

A.

1997

B.

1951

C.

1991

D.

1998

 
 

Option: C

Explanation :

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12:  

Opportunity cost is a term which describes:

A.

A bargain price for a factor of production.

B.

Cost related to an optimum level of production.

C.

Average variable cost.

D.

The cost of forgone opportunities.

 
 

Option: B

Explanation :

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13:  

The main advantage of functional organization is

A.

Simplicity

B.

Specialisation

C.

Experience

D.

Authority

 
 

Option: B

Explanation :

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14:  

Match the following:

(a) Capital Budgeting (i) Time adjusted rate of return

(b) Profitability Index (ii) irreversible

(c) Internal rate of return (iii) Benefit/cost

(d) Capital investment decisions (iv) Planning capital Expenditure

A.

(a) (b) (c) (d)

(iv) (iii) (ii) (i)

B.

(a) (b) (c) (d)

(i) (iv) (ii) (iii)

C.

(a) (b) (c) (d)

(iv) (iii) (i) (ii)

D.

(a) (b) (c) (d)

(ii) (i) (iii) (iv)

 
 

Option: D

Explanation :

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15:  

SIDBI was set up in _______ as a wholly owned subsidiary of ______.

A.

1985 - EXIM

B.

1969 - RRBS

C.

1975 - IFCI

D.

1990 - IDBI

 
 

Option: D

Explanation :

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