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June 2014 - Paper 2

1:  

Match the items/terms given in List-I with those given in and List-II.

List - I                        List - II

(a) BIS           (i) Print Media

(b) CERC      (ii) Minimum support price for agricultural products.

(c) CACP       (iii) Quality of manufactured products.

(d) PCI          (iv) Comparative product testing.

Indicate the correct answer :

A.

Codes:

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

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

B.

Codes:

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

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

C.

Codes:

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

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

D.

Codes:

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

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

 
 

Option: C

Explanation :

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2:  

Which one of the following does not explain the basic nature of Business economics?

A.

Behaviour of firms in theory and practice.

B.

Distribution theories like rent, wages and interest along with the theory of profit.

C.

Use of the tools of economic analysis in clarifying problems in organising and evaluating information and in comparing alternative courses of action.

D.

Integration of economic theory with business practices for the purpose of facilitating decision-making.

 
 

Option: B

Explanation :

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3:  

Match the items of List-I with the items of List-II and select the correct answer using the codes given below the lists.

List - I

List - II

a)  Rural Industries Programme

(i)  Meant for various target groups like Rural youth,Ex-serviceman, women and Scheduled Castes/Tribes
 

b) Mahila Vikas Nidhi Scheme

 

 (ii) Aim at ensuring flow of credit to the disadvantaged sections of the society.

c) Entrepreneurship Development Programme

(iii) Commercial exploitation of local resources.

 

d) Micro Credit Scheme

 

(iv) Provides assistance to voluntary organizations for the benefit of women.

 

A.

Codes:

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

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

B.

Codes:

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

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

C.

Codes:

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

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

D.

Codes:

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

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

 
 

Option: D

Explanation :

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4:  

Which one of the following stages of the marketing research process is most expensive?

A.

Data analysis

B.

Data collection

C.

Developing the research plan

D.

Report writing

 
 

Option: B

Explanation :

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5:  

Assertion (A) : When two or more investment proposals are mutually exclusive, ranking the proposals on the basis of IRR, NPV and PI methods may give contradictory results.

Reason (R) : The contradictory results in the ranking are due to differing dimensions relating to the scale of investments, cash flow patterns and project lives.

Indicate the correct answer :

A.

Both (A) and (R) are true.

B.

(A) is true, but (R) is a necessary condition, but not a sufficient condition.

C.

Both (A) and (R) are false.

D.

Both (A) and (R) are true and (R) explains the reason sufficiently.

 
 

Option: A

Explanation :

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