Goa University 2009 Post Graduate Diploma Management Candidates who aspire to get admission in the Institute have to sit for the XLRI Admissions Test (XAT) conducted by XLRI, Jamshedpur. - Question Pa

expected value hypothesis:
A. Bablu is risk taking.
B. Expected value function is concave.
C. Expected value function is convex.
D. It does not matter which choice should Babu select.
E. None of above.
Directions (Question No 90-94): This group of ques. is based on a set of conditions. In
answering a few of the questions, it may be useful to draw a rough diagram. select a
response that most accurately and completely answers every ques..
A circular field, with inner radius of 10 meters and outer radius of 20 meters, was divided into five
successive stages for ploughing. The ploughing of every stage was handed over to a various
farmer.
1. Farmers are referred to by subsequent symbols: F1, F2, F3, F4, F5.
2. The points ranging from various stages of project are referred to by the subsequent symbols: P1,
P2, P3, P4, P5, not necessarily in that order.
3. Farmer F5 was provided the work of ploughing stage starting at point P4.
4. The stage from point P5 to point P3 was not the 1st stage.
5. Farmer F4 was provided the work of the 4th stage.
6. Stage three finished at point P1, and the work of which was not provided to farmer F1.
7. Farmer F3 was provided work of stage ending at point P5.
90. Which was the finish point for farmer F2?
A. P1
B. P2
C. P3
D. P4
E. P5
91. Which stage was ploughed by farmer F5?
A. First
B. Second
C. Third
D. Fourth
E. Fifth
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92. Which were the starting and finishing points for stage 2?
A. P2 and P5
B. P5 and P3
C. P3 and P1
D. P5 and P4
E. P3 and P2
93. For which farmer was P2 a finishing point?
A. F1
B. F2
C. F3
D. F4
E. F5
94. Which was the starting point for farmer F3?
A. P2
B. P3
C. P4
D. P1
E. None of above
95. Children are in pursuit of a dog whose leash has broken. Krishnarajan is directly behind the
dog. Rangarajan is behind Krishnarajan. Natrajan is behind Rangarajan. Premrajan is ahead of
the dog walking down the street in the opposite direction. As the children and dog pass,
Premrajan turns around and joins the pursuit. He runs in behind Rangarajan. Krishnarajan runs
faster and is alongside the dog on the left. Rangarajan runs faster and is alongside the dog on
the right. Which child is directly behind the dog?
A. Krishnarajan
B. Rangarajan
C. Natrajan
D. Premrajan
E. None of above
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96.
The jars A to D are of equal radius. The choice which provide the accurate relationship among
capacity of jars is:
A. A = B < C < D
B. D > B = A = C
C. B = D > A < C
D. B = D > A > C
E. D > A = B > C
learn the subsequent caselet and select the best option (Question 97-100):
Om Chowdhury was 1 of the supervisors in the Fire and safety (F&S) department of Maqsood
Textile Mills. He was distant cousin to Mr. Bhiwani, General Manager (Personal &
Administration). Personal & administration department was provided the responsibility of all
personnel related decisions. It was often rumored that Om had found the job due to his cousin
s
influence. However, Om was meticulous in the performance of his duties and didn
t provide anyone
cause for complaint. It was known that Om was not much provided to talking and kept to himself
and to his duties.
All F&S supervisors reported to Mr. Rabindra, the shop-floor manager. The mill operated on a
three-shift basis and Rabindra allocated the supervisors to various shifts. They were needed to
be current at all times during the shift operation and carry out scheduled checks on of machinery
and fire fighting equipments. For a few reasons, Om was allocated the night shifts more often than
other supervisors. Om accepted these allocations without any objection, while it was known that
other supervisors would often plead and bargain with Rabindra to be allocated the day shifts.
During the night shift, keeping awake and remaining mentally alert were a few of the major
challenges face by the supervisors.
Of late, Rabindra observed signs of indifference from Om. On 2 occasions he obtained Om absent
from his cabin. Rabindra heard from others that Om was often obtained in various part of shop floor
employees. Rabindra called him to his office and reminded Om office responsibilities. Om did not
counter Rabindra. He promised that he would not be lax in his duties again Rabindra also
broached the subject with Mr. Bhiwani. Mr. Bhiwani called Om to his office and talked on a very
personal basis. He reminded Om that their family relations made it uncomfortable to all
concerned. Om nodded and agreed to do better. Soon his performance became that of a model
supervisor. It was often obtained he went beyond his official duties to sort out issues of
employees.
After 3 month later, Rabindra happened to visit the plan during night. As he looked into F&S
office, he obtained Om playing solitaries on the office computer. Mr. Rabindra immediately fired
Om.
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The next morning Mr. Bhiwani called Mr. Rabindra and asked how he can fire an employee. He
suggested that Mr. Rabindra reconsider Om
s dismissal. "This decision has already been made.
There will be no turning back" replied Rabindra.
97. The choices beneath provide combinations of possible root reason of the issue and the
justifications thereof. provided the details in the case, which 1 can be inferred to be the best
option?
A. Hiring of Om. Reason: That ensured Om was perpetually casual towards his duties.
B. Om favouring to work during night shift. Reason: Absence of Rabindra ensured that Om
could relax.
C. Rabindra
s bias against Om. Reason: Rabindra had been assigning too many night shifts to
Om while for other supervisors he was lenient.
D. Rabindra jumping to conclusions. Reason: He should have investigated whether Om had
carried out his duties.
E. Rabindra
s firing of Om. Reason: It led to clash ranging from Rabindra and Mr. Bhiwani.
98. The details of the entire episode have become common knowledge among all the employees of
the company. Out of choices below, which 1 presents the best way for the top management
to resolve the problem so as to benefit the organization as a whole?
A. Revoke Rabindra
s order. It can be communicated to others that firing was too severe a
punishment for such a small incident of indiscipline.
B. Ask Om for clarification. It can be communicated that since Om had clarified regarding his
duties, the order has been taken back.
C. Declare Rabindra
s order as void. Reiterate officially the disciplinary processes that need to be
followed by managers along with their scope of authority.
D. Ask feedback from other employees on the shop-floor regarding Om
s performance. This can
be used to revoke Rabindra
s order.
E. Take the feedback of other F&S supervisors as to the work involved during night shift. This
would better discuss Om
s behaviour.
99. Out of choices below, which 1 best summarizes the learning from solitaire incident?
A. Managers often do not take any responsibility towards training juniors.
B. People tend to become relaxed during night shift and needed surprise checks to keep them on
their toes.
C. Certain roles would have various ways of carrying out their duties.
D. Having relatives in the identical organization can be a source of potential issues.
E. Managers tend to allocate silent people to various positions.
100. Of the choices below, which could have been a better response from Mr. Ravindra when he
saw Om playing?
A. He should have clarified about his authority to fire employees.
B. He should have informed Mr. Bhiwani about the incident and asked him to take necessary
action.
C. He should have asked the employees of the shift regarding Om
s performance of his duties.
D. He should have checked if Om had done his duties or not.
E. He should have checked the production levels in the shift to see if he was as needed.
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learn the subsequent caselet and select the best option (Questions 101-104):
Shekhar, an MBA from Singapore returned to his hometown-Jamshedpur. Jamshedpur had a
population of 10 lacs with 1 of the highest per capita income among India cities. Shekhar loved
music. While listening to his favourite song on "satellite radio", he wondered if he could
mix his passion with business. Incidentally, a few weeks later, while called for expression of
interest from potential franchisees. Jamshedpur did not have a single good music outlet, where its
residents could buy quality, variety and the recent from the world of music.
Music world wanted the potential franchisees to own minimum 1200 square feet space and invest
Rs.30 lacs. Profits were to be shared in the ratio of 3:7 ranging from Music World and the franchisee.
While Shekhar was excited about working with a renowned brand, he was worried if Rs. 30 lacs
was too high an amount to shell out. He did not have the entire amount with him and was thinking
of borrowing from the bank. He made enquiries with other Music World franchisees located in
towns like Patna and Ranchi, as he expected similar footfall in Jamshedpur. A franchisee in Patna
had sales revenue varying from 1-2 lacs rupees per month with profit margin in the range of 25-
30%. Satisfied, Shekhar decided to proceed.
Soon, he was on a look out for the space. Jamshedpur had 3 main areas - Bistupur, Sakchi and
Sonari. All areas were inter-connected by good roads. Bistupur was a business area where most of
High end retail formats were located. Most upper middle class and higher class customers shopped
there. It was also the education hub of the city. On the other hand, Sakchi was a growing Lower
middle class business area and Sonari had mostly residential population.
Shekhar was in favour of choosing Bistupur as it was the place where he shopped. However, he
soon stumbled across issues. Not only it was difficult to find space in Bistupur but property
Rentals touched 30-40 rupees per square feet month. Rentals at Sakchi and Sonari were in the
Range of 15-20 rupees per square feet per month. Also, Shekhar
s friend, who stayed in Sakchi,
told him that a few branded outlets were opening in Sakchi and it seemed to be the fastest growing
market in Jamshedpur, with highest ratio of teenagers. But, Shekhar was not in favour of Sakchi
due to its low image. He expected to target college going crowd in Bistupur.
High real estate prices in Bistupur and his low assessment of Sakchi market created confusion in
Shekhar
s mind. To provide the decision a serious and fresh thought, he decided to hit Jamshedpur-
Ranchi highway in his newly acquired car.
101. How best should Shekhar resolve his confusion?
A. By investing in the franchise
B. Do not invest in the franchise and look for various brand name.
C. Go back to Singapore and begin to obtain the drivers and potential of the business.
D. Do a further in–depth study to obtain the drivers and potential of the business.
E. Approach a different music company for setting up a franchise.
102. Suppose sales in Patna ad Bistupur are likely to be same, how many years would it take for
Shekhar to recoup the investment (consider zero inflation)?
A. Less than 5 years.
B. Less than 7 years.
C. Less than 8 years.
D. Less than 9 years.
E. May be never.
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103. What could be the
most likely cause for Shekhar
s bias in favour of Bistupur?
A. Presence of college going crowd, as he felt they were the customers for
the recent music.
B. Crowded (hoi polio) image of Sakchi.
C. It was difficult for Shekhar to associate non – Bistupur areas with good
quality products.
D. Higher rentals in Bistupur.
E. Patronage of Bistupur shops by executive and their families.
104. Which 1 of the subsequent is the most important decision
criterion is such a business
Situation?
A. Financial capability of entrepreneur.
B. modifications in music industry.
C. Future market growth.
D. Profitability of business in 1st couple of years.
E. Real Estate prices.
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Earning:   Approval pending.