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UGC NET Management Previous Year Solved Papers MCQ - July 2016

26 Statement–I: Operation research is the application of scientific methods to the study of alternatives in a problem the situation with a view to providing a qualitative basis for arriving at an optimum the solution in terms of goal sought.
Statement–II: Operation research is a quantitative commonsense embracing observation, experiment and reasoning.

27 Match the items of List–I with List–II:

List–I	List-II
(a) PERT	1. Strategies
(b) CPM	2. Events
(c) Game theory	3. Network

28 Statement–I: X-chart, np-chart, and Rchart are the techniques used for product control under Statistical Quality Control.
Statement–II: operating characteristic curve helps determine whether a particular acceptance sampling the plan meets both the product’s and the consumer’s risk requirements.

29 Statement–I: When there are a large number of decision variables (more than three) and constraints, iterative mathematical procedures like the simplex method can be used for product-mix decisions.
Statement–II: Monte Carlo is an approach for simulating the probability distribution by associating and then selecting random numbers.

30 In the context of work study, an element is rated as 120% and the actual readings (in minutes) are as under:
0.05, 0.06, 0.05, 0.05, 0.05
0.06, 0.06, 0.05, 0.06, 0.06
What is the normal time for the element?

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An employee borrowed a 3-year loan of RS 10,000 at 9% from his employer to buy a motorcycle. If employer requires three equal end-of-year repayments, then the annual…

A. RS 3,633
B. RS 3,951
C. RS 3,333
D. RS 4,233

Correct answer: B

Explanation:

Calculation of Annual Installment 10,000 = A × PVFA3,009 10,000 = A × 2.531 By paying ` 3,951 each year for three years, you shall completely pay-off your…

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