UGC NET Mock Test 1 on Management - 20 Questions for Practice

1. Which of the following is not a product technology transfer?

a.Feedback on product performance.

b.Collaboration in R and D.

c.Provision of machinery and equipment to suppliers.

d.Transfer of product designs and technical specifications.

2. The main function(s) of WTO is/are:

a.To handle trade disputes constructively.

b.All of the above.

c.To provide rules that make life easier for all people involved in foreign trade.

d.To help promote peace among business community.

3. Forward Premium or Discount can be computed by which of the following formulae?

a.(Spot rate – Forward rate) / Spot rate × 360 / Future point in time

b.(Forward rate – Spot rate) / Spot rate × 360 / Future point in time

c.(Spot rate – Forward rate) / forward rate × 360 / Future point in time

d.(Forward rate – Spot rate) / Forward rate × 360 / Future point in time

4. Stops involved in settling disputes under WTO is given below. Arrange them in correct order.
(i) Panel set up and appointment of panelists.
(ii) Final Report to WTO members.
(iii) Final Report to partners.
(iv) Consultations, mediations, etc.
(v) Adoption of Report by Dispute Settlement Body.

a.(iv), (i), (iii), (ii), (v)

b.(iv), (i), (ii), (iii), (v)

c.(i), (iv), (ii), (iii), (v)

d.(i), (ii), (iii), (v), (iv)

5. Assertion (A): The poor compliance to environmental regulations is attributed to tax enforcement despite regulatory framework.
Reasoning (R): The Government is not capable of enforcing full compliance.

a.(A) is correct, but (R) is not correct.

b.(A) and (R) both are correct, but (R) is not the right explanation of (A).

c.(A) is correct and (R) is the right explanation of (A).

d.Both (A) and (R) are incorrect.

6. Arrange the Entrepreneurial motivation factors on the basis of proper sequences.

a.Desire for independence, need for achievement, and locus of control, vision, passion and drive.

b.Locus of control, vision, desire for independence, passion, drive and need for achievement.

c.Vision, desire for independence, passion, drive, locus of control and need for achievement.

d.Need for achievement, Locus of control, vision, desire for independence, passion and drive.

7. The Board of Directors can appoint
(i) Additional Director
(ii) Causal Director
(iii) Alternative Director
(iv) Nominee Director

a.(i), (ii) and (iii)

b.(ii), (iii) and (iv)

c.(iv), (i) and (ii)

d.(iii), (iv) and (i)

8. The three disciplines of WTO agreements are

a.International trade in goods, international transaction in services and protection of interest of P.S. units.

b.International trade in goods, international transaction in services and protection of interest of Domestic Government.

c.International trade in goods, international transactions in services and protection of intellectual property rights.

d.International trade in goods, international transaction in services and protection of interest of MNCs.

9. Euro dollars are

a.Deposits

b.Currency

c.Bonds

d.Equity

10. Lawrence Kohlberg, in his six stage model of cognitive development, explains:

a.Both of the above.

b.how people make decisions based on the stage of cognitive moral development?

c.None of the above.

d.Why people make different decisions in similar ethical situations?

11. The degree to which the value of future cash transactions can be affected by exchange rate fluctuations is referred to as

a.Translation exposure

b.Transaction exposure

c.Economic exposure

d.None of the above

12. SIDBI has been entrusted with the responsibility of

a.Developing medium and large scale industry.

b.Providing incentives to medium scale industry.

c.Developing and supporting small business.

d.Providing financial assistance to all sectors.

13. Statement 1: SWOT involves specifying the objectives of the business venture or project and identifying the internal and external factors that are favourable and unfavourable to achieve that objective.
Statement 2: Setting the objectives should be done after the SWOT analysis has been performed.

a.Statement 1 is incorrect, but statement 2 is correct.

b.Both the statements are correct.

c.Statement 1 is correct, but statement 2 is incorrect.

d.Both the statements are incorrect.

14. Which of the following transactions reflect economic exposure but not transaction exposure?

a.A firm’s imports/exports denominated in foreign currency.

b.Interest received from foreign investments.

c.A firm’s imports/exports denominated in foreign currency.

d.Interest owed on foreign funds borrowed.

15. Which of the following is the rate at which a banker is willing to buy foreign currency?

a.Spread rate

b.Ask rate

c.Bid rate

d.Offer rate

16. When an Indian exporter avails post shipment credit in foreign currency, what is taken as the benchmark for the interest rate?

a.LIBOR

b.Benchmark lending rate

c.MIBOR

d.Indian Bank rate

17. From the statements given below, choose the correct answer:
Statement I: To become a global corporation, a firm passes through different stages, via, capturing markets abroad, establishing joint venture/subsidiaries abroad, developing into MNCs and moving towards global mode of operation.
Statement II: Government support is not a prerequisite for the successful globalization of the business.

a.Statement I is wrong, but II is correct.

b.Statements I and II are correct.

c.Statements I and II are wrong.

d.Statement I is correct and II is wrong.

18. An industrial unit, according to the RBI, is sick if

a.Incurred cash loss in the previous accounting year.

b.Current ratio is less than 1: 1 with weak debt: equity ratio.

c.All of the above.

d.Likely to incur loss in the following year.

19. The main function of venture capitalist is to

a.Provide funds at all stages of Research of a new product, process or a service.

b.Provide funds to the steps necessary to establish the commercial viability of a new product, process or service.

c.Provide funds at all stages of marketing of new product, process or service.

d.Provide funds at all stages of production of a new product, process or a service.

20. A Business Organization deals with product/service and has a relationship with stakeholder which is being considered a part of ‘management discipline’ is known as

a.Optimisation of Profits

b.Relationship Management

c.Business Ethics

d.Maximisation of Wealth

UGC NET Mock 1 on Management – 20 Questions for Practice

UGC NET Mock Test 1 on Management – 20 Questions for Practice

Take Test 1 20 questions for Practice – Management Test 1

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