UPSC Mains 2020 Management Optional Paper II questions

33 questions from the Civil Services (Main) Examination 2020. Official UPSC paper (PDF) · All Management Optional PYQs

A regulatory body of the government has observed that a particular accounting error tends to be associated with an attempt to misstate financial position. Approximately 85% companies attempting to misstate their earnings will commit this accounting error. For a company not trying to misstate its earnings, the likelihood of making this error is' approximately 5%. It has been estimated that the percentage of ' companies attempting to misstate earnings at any given time is only 5%. Suppose that in an audit of ABC company, the accounting error is; discovered. What is the probability that it is not an inadvertent mistake (ie. ABC company. has actually been attempting to misstate its earnings)?
10 marks
The mean selling price of new affordable homes in a metropolitan city is = 22,00,000. The population standard deviation is = 2,00,000. A random sample of 81 new affordable home sales from this city was selected. (i) What is the probability that the sample mean selling price was more than = 25,00,000? 5 (ii) What is the maximum selling price of 10% of affordable home sales in the city whose prices are the lowest? 5 TABLE Cumulative Standardized Normal Distribution alert
A(z) is the integral of the standardized normal distribution from — = to z (in other words, the area under the curve to the left of z). It gives the probability of a normal random variable not A(z) being more than z standard deviations above its —— mean. Values of z of particular importance
What is the main purpose of an expert system? What are its advantages and disadvantages? Explain its architecture.
10 marks
What have been the contributions of expert systems with respect to management of COVID-19 pandemic?
10 marks
A building project has the following time schedule
Draw a suitable network and calculate: (i) Critical path and its duration 4 (ii) Total float for each activity; 4 (iii) Ifthe duration of activity 7 — 8 is increased to 6 months, will the critical path change? If yes, what is the new critical path?
"Plant location is the most important strategic level decision-making." Explain. List down important factors to be considered for locating a new steel plant. § Gi) Explain the advantages and disadvantages of preventive and predictive maintenance. Give one example of suitability of each of these in industry. 5 (iii) Define scrap, surplus and obsolete items, giving one example of each. How can you maximise return from these in a — manufacturing unit? 5 (iv) "Value Engineering and Value Analysis play very important roles in cost minimisation." Elaborate.
5 marks
What is the difference between e-government and e-governance? Do you think, across the world, countries have achieved satisfaction in
A State Public Health Department has allocated = 40,00,000 for advertising information on Coronavirus pandemic. Two types of advertisements will be used: Radio and Newspaper. Each radio advertisement costs = 20,000 and reaches an estimated 3000 people. Each newspaper advertisement costs = 50,000 and reaches an estimated ] 7000 people. In planning the advertising campaign, the Public Health - Department would like to reach as many people as possible, but they have decided that at least 10 advertisements of each type must be used. Also, the number of radio advertisements must be at least as many as the number of newspaper advertisements. How many advertisements of each type should be used? How many people will this reach? Find the optimal solution that best satisfies all requirements.
15 marks
Entrepreneurs who want to start new businesses in a city can seek financial support from its City Investment Promotion Board (CIPB). The officers in CIPB evaluate applications for financial support and give their recommendations. This evaluation process takes some time. The time spent by the ten officers in CIPB and the number of applications they evaluated are given in the following table: Time spent Applications evaluated (in days) '
Based on the information, determine the least squared linear regression model. 10 (ii) What does the slope of the linear regression model represent? 5 (iii) Based on the above data, what is the approximate predicted number of applications for financial support that an officer can evaluate with 100 days of work?
5 marks
List down Variable and Attribute control charts used to monitor quality of a product. Explain the use of " X" and "p" charts. 5 (ii) Morton Confectioners buy plastic boxes in bulk and use them to pack biscuits. Annual requirement for the boxes is 1,350 and each box costs = 33. Ordering cost is estimated to be = 11 per order and carrying cost is 22% of the cost of the box. e How many boxes should be ordered at a time so as to minimise the expenses? (Take nearest whole number) 3 e Mention three assumptions that are associated with: the formula used. 2 e If the supplier sells the boxes only in lots of 25, should the company buy 50 or 75?
5 marks
When is a database known as a relational database model? What are tables and fields in a Relational Database Management System (RDBMS)? What is a primary key? What is a unique key? What is a foreign key? What is a join? Explain each type of join.
15 marks
What is Enterprise Resource Planning (ERP)? What are the differences between an ERP system and multiple software applications? What are the differences between Material Requirements Planning (MRP I) and Manufacturing Resource Planning (MRP II)?
20 marks
The pathology laboratory of a hospital has five pathologists. Samples arriving at the laboratory for a particular test are randomly assigned to one of them. An evaluation of the performance during the previous month gave the following counts shown in the table below: Number of tests done 850 1000 750. 900 1050 The director of the hospital wanted to know whether the proportion of errors in the pathological tests assigned to the five pathologists differ. State appropriate null and alternate hypotheses for the question above. Carry out the test of hypothesis at 5% level of significance and describe the result. 15 Table x2 (Chi-Squared) Distribution: Critical Values of x2
Degrees of 5% 1% 0:1% freedom
The table given below gives the cost per unit (in =) for transporting goods from each of three depots 1, 2 and 3 to markets A, B and C. It also depicts stock available at each depot and demand at each market. Market Market Market Depot1 23 21 27 14 Depot 2 26 25 12 Depot 3 20 21
Get initial feasible solution using North West Corner method. 4 Gi) Calculate initial cost. 2 (ii) Find out optimum cost and allocations from each depot to each market.
What do you understand by "Strategic Intent"? Explain the various elements in the hierarchy of Strategic Intent.
10 marks
What are the issues involved in Global Marketing Strategies? Explain the reasons of failure of Global Marketing Strategies.
10 marks
"Small scale industries have been adversely affected by the COVID-19 pandemic." Comment on the statement. Discuss the policy measures adopted by the Government of India to rejuvenate small and medium industries in India.
10 marks
Discuss the major issues involved in managing change at the time of strategy implementation.
10 marks
Describe how an efficient logistic function can help an international business compete more effectively in the global marketplace.
10 marks
Explain the importance of Environmental Scanning in the process of Strategic. Management. Discuss the factors that need to be considered for Environmental Scanning. Prepare a comprehensive ETOP for any organisation of your choice.
20 marks
Explain foreign exchange risk and foreign exchange exposure. Describe the various types of foreign exchange exposures. How can foreign exchange risks be managed?
15 marks
Discuss the ways in which State can participate in the economic life of a country. (ii) Explain the major Corporate Governance issues addressed in Clause 49 of the Listing Agreement between a company and Indian stock exchanges.
15 marks
Explain the objectives around which India's Foreign Trade Policy has been framed. Describe the strategies adopted to attain these objectives. Discuss briefly the various policy measures adopted for Trade Promotion.
20 marks
Describe Michael Porter's "Five Forces Model" of Industry Analysis. Explain the way in which these forces interact with each other to unravel the industry structure.
15 marks
Describe the machinery available for redressal of the grievances of the consumers under the latest Consumer Protection Act. Critically evaluate the functioning of this machinery.
15 marks
"Diversification involves a substantial change in business definition." Comment on the statement. Explain the type of diversification strategies adopted by the Indian corporates and the reasons thereof.
15 marks
Distinguish between Foreign Direct Investment and Foreign Portfolio Investment. Critically examine the existing policies adopted by the Government of India for attracting Foreign Direct Investment.
20 marks
Explain in detail the responsibilities of Business as well as Government with regard to environment protection. Critically evaluate the outcome of the steps taken by both of the parties in this regard.
15 marks

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