UGC NET / JRF Management Question Paper– II: December 2004

The University Grant Commission (UGC) conducted the National Eligibility Test (UGC NET/ JRF) for Junior Research Fellowship and Eligibility for Lectureship in Management.

Jagranjosh.com will provide questions from the respective segments for the benefit of the aspirants preparing for UGC NET/ JRF/ SLET recruitment exams. The question paper will help in the practice and thereby further the preparation procedure of the students.

1.When Average cost (AC) is at its minimum, then

(A) Marginal cost is equal to Average cost

(B) Marginal cost is less than Average cost

(C) Marginal cost is more than Average cost

(D) None of the above

2. Output under price discrimination will

(A) Generally be larger than under simple Monopoly

(B) Be indeterminate because, we cannot know what prices can be charged

(C) Usually he the same as under perfect competition

(D) Be produced at higher average cost than under simple monopoly

3. The term opportunity cost refers to

(A) cost related to an optimum level of production

(B) variable cost

(C) short - run cost

(D) cost of one product in terms of production of others forgone

4. When marginal propensity to consumption (MIC) is one, then multiplier value (K) is:

(A) zero

(B) one

(C) infinity

(D) none of the above

Click Here to find Management (December 2004) complete question paper