1. Which of the following statements are true to explain Management as a “Pseudoscience”?
    1. Management Principles lack empirical evidence and are not testable
    2. Management is an art of decision making
    3. Management is what manager does
    4. Lack internal consistency in structure, goals and its methods
    A) 1 and 4 only B) 2 and 3 only
    C) 2 and 4 only D) 1 and 3 only
  2. The Model for Analysing the Universality and Transferability of Management was
    propounded by:
    A) Farmer and Richman B) Gonzalez and McMillan
    C) Harold Koontz D) Peter F. Drucker
  3. “Knowing exactly what you want men to do and then see in that they do it in the best
    and cheapest way” is the statement by:
    A) F.W. Taylor B) Harold Koontz
    C) E.F.L. Brech D) Henry Fayol
  4. “Unity of Direction” is a principle of:
    A) Scientific Management B) Administrative Management
    C) Relationship Management D) None of the above
  5. . “ Managing by Results” was written by:
    A) Henry Fayol B) Peter F. Drucker
    C) Harold Koontz D) E.F.L. Brech
  6. The three basic motivating needs as identified by David C McClelland are:
    A) Physiological needs, Social Needs, Esteem Needs
    B) Expectancy, Relatedness, Growth
    C) Need of Achievement, Need for Affiliation, Need for Power
    D) Growth, Social needs, Relatedness
    7. The penta forces model of competition within industry environment was developed by:
    A) Miachel E. Porter B) C. K. Prahlad
    C) Peter F. Drucker D) Henry Fayol
    8. Turnaround strategy is a:
    A) Growth strategy B) Diversification Strategy
    C) Retrenchment Strategy D) Marketing Strategy

9. Section 135 of Companies Act, 2013 deals with:
A) Business Ethics
B) Corporate Social Responsibility
C) Winding up of Companies
D) Divercification
10. Corruption practices is an example of:
A) Supply Chain Risk B) Political Risk
C) Cultural Risk D) Market risks
11. Planning Commission was set up in:
A) 1956 B) 1951 C) 1950 D) 1952
12. An Economic system in which the means of production are owned and regulated by
the state:
A) Market Economy B) Planned Economy
C) Mixed Economy D) None of the above
13. The first person to attempt National Income Accounting:
A) Gregory King B) J.M. Keynes
C) D. R. Gadgil D) Alfred Marshal
14. The Director General of WTO during June 2021:
A) Pascal Lamy B) Ngozi Okonjo Iweala
C) Roberto Azevedo D) Antonio Guterres
15. Match the following:
a. IBRD 1. Multilateral trade negotiation body
b. IMF 2. Facilitating lending and borrowing for
reconstruction and development
c. IDA 3. Provides loans to address short-term balance of
payment positions
d. WTO 4. Sanction of soft loans
A) a-2, b-3, c- 4, d-1 B) a-4, b-1, c-3, d-2
C) a-3, b-2, c-1, d-4 D) a-1, b-4, c-2, d-3
16. SAARC was formed in the year:
A) 1980 B) 1995 C) 1985 D) 1990
17. Graphical representation of Reciprocal demand is referred to as
A) Demand Curve B) Supply Curve
C) Offer Curve D) Contract Curve
18. FDI from a source country to a destination country for the purpose of exporting to a
third country is known as
A) Vertical FDI B) Horizontal FDI
C) Platform FDI D) Conglomerate FDI

19. India’s Consolidated FDI policy was passed in the year:
A) 2020 B) 2021 C) 2019 D) 2010
20. The security attack in which the attacker overwhelms the organisation’s server or
other hardware resources or telecommunication lines from the ISP
A) Ethical Hacking B) Cracking
C) Denial of Service D) Phreak
21. Contingent liability is shown in the balance sheet based on Convention of
A) Consistency B) Materiality
C) Full Disclosure D) Conservatism
22. The total number of International Financial Reporting Standards (IFRS):
A) 15 B) 14 C) 17 D) 19
23. Statement of Affairs is prepared for calculating
A) Financial Position B) Capital
C) Assets D) Liabilities
24. Receipts and Payments account includes:
A) Capital Items only
B) Revenue Items only
C) Both A and B
D) Neither A nor B
25. For calculating purchase consideration, the assets are valued at
A) Book Value B) Average Price
C) Revalued Price D) None of the above
26. The formula for calculating Goodwill under capitalization method:
A) Super Profit X Rate of Return
B) Average Profit X Rate of Return
C) Super Profit divided by Rate of Return
D) Average Profit divided by Rate of Return
27. DCF methods and PEC are the two methods of valuation of shares under
A) Income Method B) Assets Method
C) Market Method D) Relative method
28. The accounting method followed for amalgamation in the nature of merger:
A) Equity Method B) Purchase Method
C) Pooling of Interest Method D) Consolidation Method
29. The accounting standard applicable for accounting amalgamation:
A) AS-14 B) AS-12 C) AS-15 D) None of these
30. Accounting Standards Board (ASB) was constituted in the year
A) 1970 B) 1975 C) 1977 D) 1980

31. Fair value method of valuation of shares is also known as:
A) Intrinsic Value Method B) Market Value Method
C) Dual Method D) None of the above
32. Ex-post facto research is also known as:
A) Exploratory Research B) Diagnostic Research
C) Descriptive Research D) Hypothesis Testing Research
33. Grouping the population and selecting the group rather than individual elements is:
A) Stratified sampling B) Sequential Sampling
C) Quota Sampling D) Cluster Sampling
34. To discover a solution for some pressing practical problems is the central aim of:
A) Applied Research B) Fundamental Research
C) Descriptive Research D) Exploratory research
35. Independent variables that are not related to the purpose of the study, but may affect
the dependent variable are termed as:
A) Exogenous Variables B) Endogenous Variables
C) Extraneous Variables D) Non-random variables
36. Latin Square Design and Randomised Block Designs are
A) Informal Experimental Designs
B) Exploratory Designs
C) Formal Experimental Designs
D) Descriptive Designs
37. The sampling plan usually adopted in case of acceptance sampling plan in the case of
SQC is:
A) Systematic Sampling B) Sequential Sampling
C) Stratified Sampling D) Simple Random Sampling
38. In which of the following purpose Chi-square have no application:
A) To test homogeneity
B) To test Independence of Attributes
C) To test two population means
D) To test population variance
39. The meaning of the term “homoscedasticity” is:
A) All error variances are the same
B) All error variances are different
C) At least one error variance is different
D) At the most one error variance is same.
40. The classification of a test statistic as Two –tailed or One –tailed is fixed based on
A) The null hypothesis B) The sign in Alternate hypothesis
C) The sign in Null hypothesis D) Size of the test

41. The OR model that helps in minimizing waiting time and service cost is:
A) Linear Programming B) Game Theory
C) Queuing Theory D) Replacement Theory
42. An activity that consumes neither any resource nor time is called:
A) Null Activity B) Dummy activity
C) Successor activity D) Predecessor activity
43. The costs for insurance and taxes are included in:
A) Carrying Cost B) Ordering Cost
C) Setup Cost D) Storage cost
44. Match the following:
a. Net Income Approach 1. Dividend Theory
b. Walters Model 2. Capital Structure Theory
c. Baumol’s Model 3. Inventory Model
d. EOQ 4. Cash Model
A) a-2, b-1, c-4, d-3 B) a-1, b-2, c-3, d-4
C) a-3, b-4, c-1, d-2 D) a-4, b-3, c-2, d-1
45. Post Payback period is:
A) Period to recoup the Capital investment
B) Life of the Project- Payback period
C) Life of the project
D) None of the above
46. The time adjusted cash flow methods for capital budgeting is known as
A) Traditional methods B) DCF techniques
C) Formal methods D) ARR methods
47. In Certainty Equivalent approach, adjusted cash flows are discounted at
A) Risk free rate B) Internal Rate of Return
C) Accounting Rate of Return D) Hurdle Rate
48. Decision tree approach is used in
A) Independent cash flows B) Proposals with longer life
C) Sequential decisions D) Accept-Reject proposals
49. MM explains theory irrelevance of capital structure through
A) Arbitrage Process B) Gambling Process
C) Investment Process D) Betting process
50. Gordons “Bird in Hand” approach suggests that:
A) A 100 per cent retention of earnings is preferred by investor
B) Investor prefers current dividends over retained earnings
C) Dividends are irrelevant
D) None of the above

  1. Relevance theory of dividend was supported by:
    A) M. Gordon B) J.Walter
    C) Both A & B D) Neither A nor B
  1. “Activities, benefits or satisfactions which are offered for sale or are provided in
    connection with sale of goods” is known as
    A) Services B) Tangible products
    C) Goods D) Profit
  2. Marketing of family planning concept is an example of
    A) Services Marketing B) Micro Marketing
    C) Social Marketing D) Global Marketing
  3. What are the sequences of various stages in buying process
    A) Information Search-Problem Recognition- Purchase decision- Evaluation of
    alternatives- Post purchase reaction
    B) Problem Recognition- Information Search- Evaluation of alternatives-
    Purchase Decision- Post purchase reaction
    C) Evaluation of alternatives- Information search- Problem recognition- Purchase
    decision- Post purchase reaction
    D) Post purchase reaction- Purchase decision- Information search- Problem
    recognition- Post purchase reaction
  4. The process of creating an image or establishing a utility of a product among target
    customers is:
    A) Target Marketing B) Market Segmentation
    C) Market Positioning D) Micro marketing
  5. The sequences of stages in Product Life Cycle (PLC) are:
    A) Introduction-Growth-Maturity-Saturation-Decline
    B) Introduction-Saturation-Growth-Maturity- Decline
    C) Introduction- Maturity-Saturation-Growth- Decline
    D) Introduction- Growth- Saturation- Maturity- Decline
  6. A tender is an estimation of:
    A) Cost B) Selling price C) Production D) Profit
  7. Purchase requisition should be made when the stock reaches
    A) Danger Level B) Re-order Level
    C) Minimum Stock Level D) Average Stock Level
  8. Operating Costing is suitable for:
    A) Oil refineries B) Contractors
    C) Job order business D) Service organizations
  9. What should be the profit for a job if the total cost incurred is Rs.4830/- and profit is
    25 % on sales?
    A) Rs.1200 B) Rs.1610 C) Rs.1630 D) Rs.1220
  1. At EBQ, ——-cost will be the minimum.
    A) Storage B) Manufacturing
    C) Setting up D) Total
  2. Match the following
    a. Operating Costing 1. Oil refineries
    b. Specific Order Costing 2. Service organizations
    c. Process Costing 3. Ship building industries
    d. Standard Costing 4. Variance Analysis A) a-1, b-2, c-3, d-4 B) a-2, b-3, c-1, d-4
    C) a-3, b-1, c-2, d-4 D) a-4, b-1, c-3, d-2
  3. The concept of Management Accounting was coined by:
    A) James H. Bliss B) ICMA
    C) R.N.Anthony D) J. Batty
  4. The net profit for the current year is Rs.50000/-. The gain on sale of a fixed asset is
    Rs. 10000. The depreciation charged on fixed assets is Rs. 20000/- What is the fund
    from operations?
    A) Rs.80000 B) Rs.60000
    C) Rs.70000 D) Rs.30000
  5. Cash from operation =
    A) Closing Cash balance – Opening Cash balance
    B) Fund From Operations – Working capital changes
    C) Fund from operations – Closing balance of Cash
    D) Fund From Operations – Opening Cash balance
  6. Match the following
    a. Current Ratio 1. Turnover Ratio
    b. Debt Equity Ratio 2. Profitability Ratio
    c. Return on Capital Employed 3. Liquidity Ratio
    d. Stock Velocity 4. Solvency Ratio A) a-4, b-2, c-1 d-3 B) a-3,,b-1,c-4, d-2
    C) a-3, b-4, c-2, d-1 D) a-1, b-2, c-3, d-4
  7. The fundamental purpose for the existence of any organization is described as:
    A) Policies B) Programmes C) Mission D) Goals
  8. The term “hot money” refers to:
    A) Foreign Portfolio investment
    B) Net GDR receipts
    C) Net FDI
    D) Currency + reserves with RBI
  1. Share premium is shown in:
    A) Debit side of P&L account
    B) Credit side of P&L account
    C) Liability side of Balance Sheet
    D) Assets Side of Balance Sheet
  2. Confounded relationship in research design means
    A) Correlation between variables
    B) Causality
    C) Relationship between dependent variable and extraneous variable
    D) Relationship between dependent and independent variable
  3. PERT is a:
    A) Stochastic Model B) Deterministic Model
    C) Iconic Model D) Symbolic Model
  4. Cross Selling means
    A) Selling to Employees
    B) Cross country Marketing
    C) Selling other products to existing customers
    D) Selling to foreigners
  5. Which of the following statement/s are true?
    I. A business unable to earn a fair rate of return on its outstanding securities is
    over capitalized
    II. Over capitalization refers to abundance of capital
    A) I is true and II is false
    B) I is false and II is true
    C) Both I & II are true
    D) Both I & II are false
  6. State whether the following statements are true or false
    I. Content Validity of a measuring instrument measures the extent to which an
    instrument provides adequate coverage of the topic under study
    II. The usefulness of a measuring instrument to predict some future performance
    is known as Predictive Validity A) I is true and II is false
    B) I is false and II is true
    C) Both I & II are true
    D) Both I & II are false
  7. Father of modern management is?
    A) Henri Fayol B) Koontz and O’Donnell
    C) F W Taylor D) Stainley Vense
  8. ‘Management is an art of getting work done by others’. The statement belongs to
    A) Stainley Vense B) Peter F Drucker
    C) Henry Fayol D) Harold Koontz
  1. All managerial functions are settled by managers with the tool of
    A) Planning B) Decision making
    C) Effective control D) Authority
  2. The main advantage of functional organisation is
    A) Simplicity B) Specialization
    C) Experience D) Authority
  3. The function of attracting, acquiring, retaining and developing human resources in an
    organisation is called:
    A) Recruitment B) Induction
    C) Training and development D) Staffing
  4. The founder of Administrative Management:
    A) Elton Mayo B) F W Taylor
    C) Max Weber D) Henry Fayol
  5. Which of the following is the most democratic form of organisation?
    A) Line B) Line and staff
    C) Functional D) Committee
  6. Macro environment is also called —– environment.
    A) General B) Operating C) Economic D) Political
  7. Fiscal policy is called as——policy.
    A) Monetary B) Budgetary C) Industrial D) Economic
  8. Environment which is beyond the control of the business:.
    A) Internal B) External C) Micro D) Macro
  9. Economic planning is an essential feature of:
    A) Capitalist Economy B) Socialist Economy
    C) Mixed Economy D) Dual Economy
  10. The main security guard of International trade is:
    A) IMF B) WTO C) IFC D) World Bank
  11. Who is the nodal agency for disinvestment in India?
    A) Department of Economic Affairs
    B) Department of Financial Services
    C) Department of Revenue
    D) Department of Investment and Public Asset Management
  12. Economic growth can be measured by?
    A) CPI B) CBI C) GDP D) MPC

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