As you are looking for the Model question Paper of Maharashtra SET – Management Paper II Exam, so here I am sharing the same with you

1. The most appropriate measure of a
country’s economic growth is its :
(A) GDP
(B) NDP
(C) NNP
(D) Per capita real income
2. If the demand for a commodity
is ........................., the entire burden
of Indirect Tax will fall on the
consumer.
(A) Relatively inelastic
(B) Perfectly inelastic
(C) Perfectly elastic
(D) Relatively elastic

3. Which of the following economists is
credited with developing Modern
Monetary Economics ?
(A) Adam Smith
(B) J.B. Say
(C) Milton Friedman
(D) Marshall
4. Through which of the following
policies, do authorities maintain
control over the supply of money for
the realization of general economic
objectives ?
(A) Fiscal Policy
(B) Exim Policy
(C) Trade Policy
(D) Monetary Policy

5. Capital gains tax is the example
of :
(A) Proportional Tax
(B) Indirect Tax
(C) Regressive Tax
(D) Direct Tax
6. “Assistant Manager, after observing
the style of conducting a meeting of
Senior Manager on number of
occasions started conducting the
meeting in similar manner” is an
example of :
(A) Classical conditioning
(B) Social learning
(C) Insight learning
(D) Operant conditioning
7. Organizational commitment is an
example of :
(A) Job satisfaction
(B) Work attitude
(C) Personality
(D) Perception
8. Group dynamics is the systematic
study of :
(A) the forces operating outside the
organisation
(B) the forces operating within the
group
(C) the forces operating between
management and union
(D) the forces operating between
suppliers and customer

9. Participative leadership :
(A) dictates the terms
(B) asks for and uses suggestions
from subordinates
(C) gives free-hand to the
subordinates
(D) supports subordinates
10. Conflict is a :
(A) Natural disagreement arising
between two people
(B) Disliking for each other
(C) Lack of understanding of one
party
(D) Lack of understanding of the
problem
11. Human Resource Management is
primarily concerned with :
(A) Sales
(B) Dimension of People
(C) External Environment
(D) Internal Environment
12. Human Resource Planning is the
process of :
(A) Managing people at work
(B) Stimulating people to work
effectively
(C) Getting maximum out of
employee
(D) Demand and supply forecasting
of manpower

13. By-product of Job Analysis are :
(A) Job Enrichment and Job
Evaluation
(B) Job Description and Job
Specification
(C) Job Rotation and Job Transfer
(D) Job Satisfaction and Job
Specification
14. The training analysis is required
to :
(A) Find out the training needs
(B) Find out additional requirement
of manpower
(C) Find out working problems
(D) Maintain industrial democracy
at work
15. Management Development
Programmes are required :
(A) to increase production
(B) to increase effectiveness and
personality of a manager
(C) to increase morale
(D) to increase team work
16. Green shoe option refers to :
(A) Options issued by a company
engaged in shoe business
(B) Options issued by company
engaged in green marketing
(C) Option of allocating shares in
excess of shares included in
public issue
(D) Option of issuing debentures in
place of equity

17. Which of the following statement
is true ?
(A) The degree of operating
leverage is a measure of
financial risk
(B) The degree of financial leverage
is a measure of business risk
(C) The EBIT level at which the
EPS is the same for two
alternative financial plans is
known as the financial breakeven
point
(D) At financial break-even point,
EPS is zero
18. While comparing risk involved in
two capital budgeting projects with
different initial outlays, the suitable
measure is :
(A) Standard deviation
(B) Co-efficient of variation
(C) Co-efficient of correlation
(D) Beta
19. Which of the following statement is
true ?
(A) Retained earnings do not have
explicit cost, they carry implicit
cost
(B) Cost of debt is higher than cost
of equity
(C) Beta is a measure of
unsystematic risk
(D) The higher the corporate tax
rate, the higher is the cost of
debt
20. Which of the following assumption
is not true in respect of Gordon’s
Model ?
(A) All investments are financed by
either equity or retained
earnings
(B) The firm has perpetual life
(C) Growth rate [g = br] is constant
(D) br > ke

21. Which of the following is not true
for vertical marketing system ?
(A) Improves operating efficiency
(B) Each function is performed at
the most advantageous position
in the channel
(C) Stresses the independence of
individual members
(D) Is a tightly co-ordinated
distribution channel
22. Mr. X and Mr. Y both own woollen
sweaters and are currently shopping
for two more sweaters. They both
have earlier prices in mind when
shopping for new ones. These prices
are termed as :
(A) Psychological prices
(B) Reference prices
(C) Price points
(D) Skimmed prices
23. Which of the following is not a
generic strategy as given by Michael
Porter ?
(A) Overall cost leadership
(B) Focus
(C) Line Pruning
(D) Differentiation
24. When we practice ........................., we
arrange for a product to occupy
a clear, distinctive and desirable
place relative to competing products
in the minds of target consumers.
(A) Positioning
(B) Target segmenting
(C) Re-positioning
(D) Product distribution

25. An organization with a ........................
orientation assumes that the
customers will resist purchasing
products not deemed essential.
(A) Production concept
(B) Marketing concept
(C) Societal concept
(D) Sales concept
26. Infeasibility in graphical solution
to Linear Programming Problem is
caused by :
(A) Wrong objective function
(B) Conflicting constraints
(C) Absence of alternatives
(D) Absence of non-negativity
constraints
27. Shadow prices of economic resources
are given by :
(A) Optimal solution of Dual
(B) Optimal solution of Primal
(C) Intermediate solution of Dual
(D) Intermediate solution of
Primal
28. Degeneracy in Linear Programming
Simplex Solution is indicated by :
(A) Tie in the smallest positive ratio
(B) Tie in the largest Cj-Zj value
(C) No. of occupied cells is less than
m + n – 1
(D) No. of occupied cells is more
than m + n – 1

29. Markov Analysis is not applicable
to :
(A) Brand Switching
(B) Brand Positioning
(C) Maintenance Management
(D) Accounts Receivables
30. In a decision tree model, when the
result of taking a decision is
uncertain, then the result is
represented by :
(A) A line
(B) A triangle
(C) A square
(D) A circle
31. In order to find independence of
two variables which are attributes,
the following test is most appropriate
test :
(A) ‘t’ test
(B) ‘Z’ test
(C) ‘F’ test
(D) ‘Chi-square’ test
32. In cluster sampling, the clusters are
so formed as :
(A) The units in the cluster are as
homogeneous as possible
(B) The units in the cluster are as
heterogeneous as possible
(C) The clusters are heterogeneous
among themselves
(D) Some stratification factor may
be chosen

33. If the value of r(Karl Pearson’s
Correlation Coefficient) is = –0.1
then :
(A) Only byx must be –ve
(B) Only bxy must be –ve
(C) Both byx and bxy must be –ve
(D) Both byx and bxy must be +ve
34. If P(A) = 0.6, P(B) = 0.3,
P(A ∩ B) = 0.2, then P(A/B) is :
(A) 0.1
(B) 0.333
(C) 0.50
(D) 0.6607
35. Which of the following is not an
alternative hypothesis ?
(A) H1 : m ≠ m0
(B) H1 : m > m0
(C) H1 : m < m0
(D) H1 : m = m0
36. The mechanism whereby the
organization seeks to earn a profit
by selling its goods is known as :
(A) Competitive advantage
(B) Distinctive advantage
(C) Business model
(D) Competitive competence
37. Diversification mainly allows a firm
to :
(A) Concentrate on a single
business
(B) Create excess resources
(C) Use its resources more
effectively
(D) Send its directors on foreign
tours

38. Divestment strategy is pursued
when :
(A) The industry is flourishing
(B) Many takeovers have already
taken place
(C) The industry is in decline stage
(D) R&D is not adequate
39. Differentiated business firms are
vulnerable to :
(A) Diversification by rivals
(B) Regulatory changes
(C) High costs of R&D
(D) Low-cost competitors offering
similar products
40. Global Entry Strategies are not
based on :
(A) Capacity of the shipping-line
normally used by a company
(B) Import Policy of the foreign
country
(C) Costs of manufacturing
products abroad
(D) Requirement of company’s
products in foreign markets
41. The person who introduced the term
‘entrepreneur’ was :
(A) Peter Drucker
(B) J.S. Mill
(C) Richard Cantillon
(D) Schumpeter

42. Which is the key factor that
an entrepreneur should focus on,
in ensuring survival of his
enterprises ?
(A) Profits
(B) Cash flow
(C) Margin
(D) Market Share
43. The idea that, ‘Extra-ordinary
individuals’ are the source of
entrepreneurial emergence, is putforth
by :
(A) McClelland
(B) Schumpeter
(C) Weber
(D) Drucker
44. In case of SSIs, who said that ‘small
is beautiful’ ?
(A) E.F. Schumacher
(B) Peter Drucker
(C) Mahatma Gandhi
(D) Azim Premji
45. The transformation of an idea into
useful application is termed as :
(A) Creativity
(B) Invention
(C) Innovation
(D) Syndication
46. Why should business be socially
responsible ?
(A) To protect customers’
requirement
(B) To increase reputation of the
company
(C) To protect and serve public
interest
(D) To go for organisational
development

47. Which of the practice will not
create an ethical culture in an
organization ?
(A) Visible role models from an
organization
(B) Clearly communicating ethical
expectations
(C) Provide ethical training
(D) Punishing whistle blowers
48. In which corporate governance
model do financial institutions have
major say ?
(A) American Model
(B) German Model
(C) Japanese Model
(D) Indian Model
49. Dependability, predictability and
faith are the three elements that
constitute :
(A) Values
(B) Moral principles
(C) Trust
(D) Justice
50. Corporate governance is the key :
(A) To the integrity of corporations
(B) To increase profit
(C) To motivate employees
(D) To implement government
policies