December 2010 - Paper 2

16:  

Globalization is a term used to describe the process of removal of restrictions on which of the following?

A.

Foreign Trade

B.

Investment

C.

(A) and (B) above

D.

None of the above

 
 

Option: C

Explanation :

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17:  

Which one of the following is not correct about the price discrimination by a monopolist, who intends to

A.

maximise the sales/profit

B.

share the consumer's surplus

C.

increase the welfare of masses

D.

reduce the welfare of masses

 
 

Option: C

Explanation :

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18:  

In management science "Grid" refers to

A.

Diverse managerial styles

B.

Co-ordination

C.

Communication

D.

Motivation

 
 

Option: A

Explanation :

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19:  

Consider the following statements:

1. Authority flows downward but responsibility flows upward.

2. Authority should be equal to responsibility.

3. Both authority and responsibility are divisible.

4. If delegation is the end, then decentralization should be the means.

Of these statements

A.

1 and 2 are correct

B.

3 and 4 are correct

C.

1, 2 and 3 are correct

D.

2, 3 and 4 are correct

 
 

Option: A

Explanation :

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20:  

Match the following with their year of establishment:

a) IDBI (i) 1982

(b) IFCI (ii) 1964

(c) NABARD (iii) 1948

(d) ICICI (iv) 1955

A.

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

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

B.

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

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

C.

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

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

D.

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

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

 
 

Option: C

Explanation :

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