Common University Entrance Test (UG)
Question : While calculating a ratio, it should be understood that it is desirable to divide the “………………..” by the ------------------------
Option 1: more favourable figure, less favourable figure
Option 2: less favourable figure, more favourable figure
Option 3: Either 1 and 2
Option 4: None of the above
Correct Answer: more favourable figure, less favourable figure
Solution : Answer = more favourable figure, less favourable figure
While calculating a ratio, it's preferable to divide the more favourable figure by the less favourable one. This approach helps highlight positive performance or efficiency, as higher values in the numerator relative to the denominator indicate better outcomes or stronger performance. Hence, the correct option is 1.
Question : A product has an initial quantity demanded of 80 units at a price of INR 6 per unit. Due to a price change, the new price is INR 8 per unit, and the new quantity demanded is 60 units. Calculate the percentage change in quantity demanded.
Option 1: -10%
Option 2: -20%
Option 3: -25%
Option 4: -30%
Correct Answer: -25%
Solution : The correct answer is (c) -25%
Initial Quantity Demanded = 80 units
New Quantity Demanded = 60 units
Using the formula, we can calculate the percentage change in quantity demanded:
Percentage Change in Quantity Demanded = [(New Quantity Demanded - Initial Quantity Demanded) / Initial Quantity Demanded] * 100
= [(60 - 80) / 80] * 100
= (-20 / 80) * 100
= -25%
The correct percentage change in quantity demanded is -25%.
Therefore, the answer is: -25%
Question : Which of the following is included in the middle level management?
Option 1: Chairman
Option 2: Superintendent
Option 3: Plants superintendent
Option 4: Board of directors
Correct Answer: Plants superintendent
Solution : Plants superintended is included in the middle level management.Middle level consists of heads of different functional departments like departmental manager plant superintendent etc.
Hence, Option C is correct.
Question : What is a common theme in Bhakti-Sufi texts regarding the divine?
Option 1: Fear and punishment
Option 2: Love and devotion
Option 3: Power and authority
Option 4: Justice and fairness
Correct Answer: Love and devotion
Solution : A common theme in Bhakti-Sufi texts is love and devotion to the divine, emphasizing a personal and intimate relationship with the higher power.
Question : Which of the following is an example of a situational selection tool?
Option 1: Aptitude test
Option 2: Personality test
Option 3: Group discussion
Option 4: In-basket exercise
Correct Answer: In-basket exercise
Solution : The correct answer is (d) In-basket exercise
An in-basket exercise is an example of a situational selection tool. Situational selection tools assess candidates' ability to handle specific work-related situations or tasks that they are likely to encounter in the job. In an in-basket exercise, candidates are presented with a simulated work situation involving a collection of documents, emails, memos, and other items that they must review, prioritize, and respond to within a specified time frame. This exercise evaluates the candidates' ability to analyze information, make decisions, manage time, and demonstrate other relevant skills within a realistic work context.
In-basket exercises are situational selection tools that present candidates with a simulated work situation involving various documents and items that they must handle within a specified time frame. This exercise assesses candidates' ability to analyze, prioritize, and respond to work-related scenarios effectively.
Question : What is the slope of a demand curve?
Option 1: Price
Option 2: Quantity demanded
Option 3: Elasticity
Option 4: Marginal utility
Correct Answer: Price
Solution : The correct answer is (a) Price
The slope of a demand curve represents the change in price along the horizontal axis and the change in quantity demanded along the vertical axis. It indicates the rate at which quantity demanded changes in response to a change in price.
Question : One positive impact of globalization on the Indian economy is:
Option 1: Increased job opportunities
Option 2: Decline in foreign direct investment (FDI)
Option 3: Restriction on cross-border trade
Option 4: Limited access to advanced technology
Correct Answer: Increased job opportunities
Solution : The answer is (a) Increased job opportunities.
Globalization has led to increased job opportunities in India in a number of ways. First, it has led to increased foreign direct investment (FDI) in India. FDI is when a company from one country invests in a company in another country. This has created new jobs in India in a number of sectors, including manufacturing, IT, and services.
Question : Which of the following is a cultural impact of globalization?
Option 1: Increased trade tariffs
Option 2: Spread of global brands
Option 3: Decrease in migration
Option 4: Rise in local languages
Correct Answer: Spread of global brands
Solution : One of the cultural impacts of globalization is the spread of global brands, which leads to a homogenization of culture and consumer preferences.
Question : Statement 1: Globalization refers to the increasing integration of economies and societies worldwide.
Statement 2: Globalization promotes the decentralization of economic activities.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.
Statement 1 is true: Globalization refers to the increasing integration and interdependence of economies, cultures, and societies worldwide. It involves the exchange of goods, services, information, and ideas across borders.
Statement 2 is false: Globalization does not necessarily promote the decentralization of economic activities. In fact, globalization can lead to both centralization and decentralization of economic activities depending on various factors such as market dynamics, government policies, and industry structures. The impact of globalization on the centralization or decentralization of economic activities can vary across different sectors and regions.
Question : The domestic country will have to spend more domestic currency to import foreign goods. Which effect of depreciation is highlighted here?
Option 1: Increase in exports
Option 2: Decrease in imports
Option 3: Increase in the national income
Option 4: All of the above.
Correct Answer: Decrease in imports
Solution : Depreciation of a domestic currency means a fall in the price of domestic currency in terms of foreign currency, where more amount of money has to be spend to import goods. Hence Option B is correct.
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