UGC NET / JRF Management Question Paper– II: December 2012

Feb 25, 2013 12:21 IST

    It is very important to regularly practice with the previous year question papers in order to excel in the entrance examinationUGC conducts nationwide National Eligibility Test (UGC NET/ JRF) twice a year for award of Junior Research Fellowship and Eligibility for Lectureship.

    1. The term Opportunity Cost refers to

    (A) Variable Cost

    (B) Short-run cost

    (C) The cost forgone in favour of production of another product

    (D) Cost related to an optimum level of production

    2. If two commodities are complementary, then a rise in the price of one commodity will induce

    (A) A rise in the price of the other commodity

    (B) An upward shift of demand curve

    (C) No shift in demand for the other commodity

    (D) A backward shift in demand for the other commodity

    3. What is the characteristic of a purely competitive market ?

    (A) Large number of buyers and sellers

    (B) A few sellers

    (C) A few buyers

    (D) Abnormal profit

    Click Here to find Management 2 (December 2012) complete question paper

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