June 2010 - Paper 2

46:  

Match the following with the year of establishment:

List-I                                                    List-II

(a) World Trade Organisation              (i) 1993

(b) Uruguay Round Negotiation           (ii) 1995

(c) W.T.O. - Trade Policy Review Body (iii) 1997

(d) The Patents (Amendment) Act.      (iv) 1999

A.

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

ii   iii   iv   ii

B.

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

i   iv   iii   ii

C.

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

ii   i   iii   iv

D.

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

iv   ii   i   iii

 
 

Option: C

Explanation :

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47:  

The last stage in a grievance redressal procedure is handled by

A.

Union

B.

Voluntary Arbitrator

C.

H. R. Department

D.

Grievance Committee

 
 

Option: D

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48:  

Which of the following buying process sequence is correct?

1. Adoption 2. Legitimization

3. Attitude 4. Awareness

A.

4, 3, 2, 1

B.

2, 3, 4, 1

C.

1, 2, 3, 4

D.

3, 4, 2, 1

 
 

Option: A

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49:  

ERP includes (i) SAP, and/or (ii) Resource Planning.

A.

Both (i) and (ii)

B.

Only (i)

C.

Only (ii)

D.

None of the above

 
 

Option: D

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50:  

Read the following statements:

(i) Marginal costing and Absorption costing are the same.

(ii) For decision making, absorption costing is more suitable than marginal costing.

(iii) Cost-volume-profit relationship also denote break-even point.

(iv) Marginal costing is based on the distinction between fixed and variable costs.

Which of the following combinations gives true statements with regard to above?

A.

(i) & (ii)

B.

(ii) & (iii)

C.

(iii) & (iv)

D.

(iv) & (ii)

 
 

Option: D

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