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UGC NET Management Previous Year Solved Papers - December 2018

Avatto > > UGC NET Management > > UGC NET Management Previous Year Solved Papers > > December 2018

1. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A): A price reduction leads to an increase in the quantity demanded of the commodity.
Reason (R): It results from price effects comprising income and substitution effects which are always positive.
Code:

A
Both (A) and (R) are correct and (R) is the right explanation of (A).
B
Both (A) and (R) are correct, but (R) is not the right explanation of (A).
C
(A) is correct, but (R) is incorrect.
D
Both (A) and (R) are incorrect.

Answer
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Option : C
Explanation :

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2. Indicate the correct code from the following types of the long-run average cost curves on which the minimum average cost of production in the long run can be determined:
(i) Long-run average cost curve under normal production function.
(ii) Long-run average cost curve under linearly homogeneous production function.
(iii) Planning curve
(iv) Envelope curve
Choose the correct answer from the code given below:
Code:

A
Only (i), (ii) and (iii)
B
Only (ii), (iii) and (iv)
C
Only (i), (iii) and (iv)
D
Only (ii) and (iv)

Answer
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Option : C
Explanation :

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3. Monopoly situation in the market is not desirable mainly because the monopolist:

A
seeks to earn net revenue on the sale of all goods including those involving no cost of production
B
is able to earn net revenue in all time periods
C
is able to charge different prices from different categories of buyers
D
will produce below its economic capacity level when it exhibits satisfaction with the normal profit only

Answer
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Option : D
Explanation :

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4. Indicate the correct code for the appropriate combination of the following that constitutes the form of price discriminating strategy:
(i) Postage stamp pricing
(ii) Basing point pricing
(iii) Incremental pricing
(iv) Free on Board pricing
Choose the correct answer from the code given below:

A
Only (i), (ii) and (iii)
B
Only (ii), (iii) and (iv)
C
Only (i), (ii) and (iv)
D
Only (iii) and (iv)

Answer
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Option : C
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5. Indicate the correct code for discounted cash flow techniques for capital investment proposals from the following:
(i) Net Present Value Method
(ii) Internal Rate of Return Method
(iii) Excess Benefit-Cost Ratio Method
(iv) Net Terminal Value Method
Choose the correct answer from the code given below:
Code:

A
Only (i), (ii) and (iii)
B
Only (ii), (iii) and (iv)
C
Only (i) and (ii)
D
Only (ii) and (iv)

Answer
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Option : A
Explanation :

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UGC NET Management Previous Year Solved Papers

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