Name of the University : Govind Guru Tribal University
Exam : Research Eligibility Test 2018
Subject : Paper-II – EAFM – Economic Administration and Financial Management
Document Type : Model Question Paper
Year : 2018
Website : https://www.ggtu.ac.in/
Download Model Question Paper :
EAFM QP : https://www.pdfquestion.in/uploads/25345-EAFM.pdf
Answer Key : https://www.pdfquestion.in/uploads/25345-EAFMans.pdf
GGTU RET Administration & Management Question Paper
No. of Pages in Booklet : 08
No. of Multiple Choice Objective Questions in Booklet : 50
Time : 60
Maximum Marks : 100
Related : Govind Guru Tribal University Research Eligibility Test RET Physics Question Paper 2018 : www.pdfquestion.in/25339.html
Instructions
1. Answer all the questions.
2. Every question is of two marks.
3. There are no negative marks for incorrect answers.
4. At the commencement of examination, the Question Booklet will be given to you. In the first five minutes, you are requested to open the Booklet an compulsorily examine it as below: Tally the number of pages and number of questions in the Booklet with the information printed on the cover page.
** Faulty Booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct Booklet rom the invigilator within the period of five minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given.
5. Give one answer of each question in a separately provided OMR answer sheet.
6. Rough work is to be done on the back of printed papers.
7. There are four optional answer of each question which have written A, B, C, D in English and v] c] l] n in Hindi respectively. Candidate is required to darken the correct options of the answers of each question in the box givenagainst each question No. on the answer sheet. Use only blue/black ball point pen.
8. If you write your Roll No. or put any mark on any part of the Answer Sheet, except for the space allotted for the elevant entries, which may disclosed your indentity or use abusive language, you will render yourself liable to disqualification.
** Carrying or use of copying material, talking with another candidate during examination isprohibited. Mobile phone or any electronic equipment is prohibited in the examination hall. If any of the prohibited material or any complaint is received against any candidate, necessary action as per rules will be taken against such candidate.
9. In case any of the candidate is found to copying or any unauthorised/prohibited material is found form his/her, anFIR shall be lodged in the Police against that candidate and action will be taken under Rule 3 of the Prevention of Unfair means Act, 1992. Such applicant can be prohibited from appearing in all examination in future.
10. The English version will be treated as standard in case of any ambiguity or printing mistake.
Sample Question
1. “The economic environment of any business is created by the factors/elements related to economic conditions, economic policies and economic system”. Who said so?
(A) Wheeler
(B) Weemor
(C) Francis Cherunilam
(D) W. Lewis
2. “India is a rich country, but its people are poor”. Who said so?
(A) Entsey
(B) Lewis
(C) Marshall
(D) Pigou
3. TRIPS stands for –
(A) Trade Related Investment Policies.
(B) Transactions Related Investment Policies.
(C) Trade Related Intellectual Property Rights.
(D) Transport Related Inducement Policies.
4. Settlement of trade disputes between different countries is a function of –
(A) WTO
(B) EXIM BANK
(C) IMF
(D) WORLD BANK
5. MFA in WTO relates to –
(A) Textiles (B) Investment
(C) Agriculture (D) Services
6. The following is not the advantage of privatisation –
(A) Improvement in efficiency
(B) Increase in Public Welfare
(C) Increase in Profitability
(D) Better management
7. Relaxation in the regulation and controls by the government is called –
(A) Denationalisation
(B) Globalisation
(C) Liberalisation
(D) Privatisation
8. The following is not the characteristic of globalisation –
(A) Expansion of Markets
(B) Efficient utilisation of Resources
(C) Selling of assets
(D) Cultural and Political Integration
9. Which of the following is related to micro-economics?
(A) Inflation in the economics
(B) Problem of unemployment
(C) National Income
(D) Income from the Railways
10. Who gave the wealth definition of economics?
(A) Adam Smith
(B) Samuelson
(C) Marshall
(D) Robbins
11. In the case of inferior goods, the income elasticity of demand is –
(A) Positive
(B) Zero
(C) Negative
(D) Infinite
12. The following good is an exception to the Law of Demand –
(A) Normal good
(B) Inferior good
(C) Giffen good
(D) Capital good
13. If the Quantity demanded does not respond to a change in price, the demand is –
(A) Elastic
(B) Perfectly Inelastic
(C) Perfectly elastic
(D) Inelastic
14. These goods which are used together are known as –
(A) Substitutes goods
(B) Giffen goods
(C) Complementary goods
(D) Inferior goods
15. If the consumer spends a very small portion of income on a commodity its demand is said to be –
(A) Elastic
(B) Perfectly Inelastic
(C) Inelastic
(D) Unitary elastic
16. When marginal utility is negative, the total utility –
(A) Becomes zero
(B) Becomes negative
(C) Increases
(D) Decreases
17. The Law of constant returns would operate when only labour input is increased by 20% and the total output –
(A) Increases by 10%
(B) Increases by 20%
(C) Decreases by 10%
(D) Increases by more than 20%
18. All money costs can be regarded as –
(A) Social Costs
(B) Opportunity Costs
(C) Explicit Costs
(D) Real Costs
19. Purchase of raw material is an example of –
(A) Prime Costs
(B) Overhead Costs
(C) Shutdown Costs
(D) Administrative Costs
20. Demand curve is also called –
(A) TR curve
(B) MR curve
(C) AR curve
(D) MC curve
Answer Key
1 c
2 a
3 c
4 a
5 a
6 b
7 c
8 c
9 d
10 a
11 c
12 c
13 b
14 c
15 c
16 d
17 b
18 c
19 a
20 c