UGC NET 2015 Paper 2 Management Question Paper (27-Dec-2015)

Question 1

Which one of the following assumptions is not related to consumer behaviour based on the cardinal utility approach?

Accepted Answer

Diminishing marginal utility of money

Answer

Rationality

Answer

Utility cardinally measurable

Answer

Maximization of satisfaction with limited money income

Question 2

Statement &ndash; I : A rectangular hyperbola shaped demand curve has uniform slopes on all its points.Statement &ndash; II : If the price elasticity is equal to unity, the marginal revenue corresponds to zero.Code :

Accepted Answer

Statement &ndash; I is incorrect while Statement &ndash; II is correct

Answer

Both the statements are correct

Answer

Both the statements are incorrect

Answer

Statement &ndash; I is correct while Statement &ndash; II is incorrect

Question 3

Match the items of List-I with the items of List-II and find the correct combination:List - I (Market Structure)List - II(Nature of industry where prevalent)(a) Perfect competition(i) Aluminium and passenger cars(b) Oligopoly(ii) Public utilities like Telephones and Electricity(c) Monopoly(iii) Manufacturing : T.V. Sets, Refrigerators(d) Monopolistic competition(iv) Farm Products : Grains

Accepted Answer

(a)-(iv), (b)-(i), (c)-(ii), (d)-(iii)

Answer

(a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)

Answer

(a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)

Answer

(a)-(ii), (b)-(iii), (c)-(iv), (d)-(i)

Question 4

Statement &ndash; I : In general, the NPV and IRR methods lead to the same acceptance or rejection decision when a single project is involved.Statement &ndash; II : The inconsistency in ranking of competing projects as per the NPV and IRR methods lies in the implicit assumptions with regard to different rates of returns on re-investment of intermediate cash flows.Code :

Accepted Answer

Both the statements are correct

Answer

Both the statements are incorrect

Answer

Statement &ndash; I is correct while Statement &ndash; II is incorrect

Answer

Statement &ndash; I is incorrect while Statement &ndash; II is correct

Question 5

Which one of the following is not covered in macro-economics?

Accepted Answer

Price and output determination of a commodity

Answer

Performance of the entire economy

Answer

Factors and forces of economic fluctuations

Answer

Monetary and fiscal policies

UGC NET 2015 Paper 2 Management Question Paper (27-Dec-2015)

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List - I (Market Structure)	List - II (Nature of industry where prevalent)
(a) Perfect competition	(i) Aluminium and passenger cars
(b) Oligopoly	(ii) Public utilities like Telephones and Electricity
(c) Monopoly	(iii) Manufacturing : T.V. Sets, Refrigerators
(d) Monopolistic competition	(iv) Farm Products : Grains