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

It is very important to regularly practice with the previous year question papers in order to excel in the entrance examination. Here you find Management Question Paper conducted by UGC in December 2012

Feb 25, 2013 12:21 IST
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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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