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UPES Online MCQ Assignments for 2022
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Question 1: Absorbing state occurs when if any transition probability in the retention diagonal from upper left to lower right is equal to zero
a) True
b) False
Question 2: The word ‘linear’ is used to represent a function, which can be represented by a straight line.
a) True
b) False
Question 3: Variables are the terms used for economic quantities that can assume any values within a given set.
a) True
b) False
Question 4: In the long run,the state probabilities become 0 and 1 in all case
a) True
b) False
Question 5: Non-negetive equation is the decision variables have the values zero or positive, not negative.
a) True
b) False
Question 6: Shortcut method is the method of game solving.
a) True
b) False
Question 7: IFS stands for – Initial Feasible solution
a) True
b) False
Question 8: A cycling process is one in which transition matrix contains all zero elements in the retention cells and all other elements are either 0 or 1
a) True
b) False
Question 9: A model is normally printed between square or curved brackets or between a pair of double vertical lines.
a) True
b) False
Question 10: The objective of transportation problem is to minimize the cost of transportation under the given supply and demand constraints.
a) True
b) False
Question 11: When the total supply of all the sources is not equal to the total demand of all destinations, the problem is an balanced transportation problem.
a) True
b) False
Question 12: primary data represents those items that are collected for the first time and first hand.
a) True
b) False
Question 13: evvp is the maximum obtainable expected monetary value based on perfect information as to which state of nature will occur.
a) True
b) False
Question 14: The computer has forced the decision maker to very carefully delineate and quantify the variables that makeup the building blocks of the Decision task.
a) True
b) False
Question 15: It is often useful to represent a matrix by a single symbol.
a) True
b) False
Question 16: No player is aware of his opponent’s choices until he decides his own.
a) True
b) False
Question 17: A Linear Programming problem is a special case of a scientific Programming problem.
a) True
b) False +
Question 18: The sampling technique is in expensive and less time consuming than the census technique.
a) True
b) False
Question 19: random variables take on only whole number values
a) True
b) False
Question 20: Averages give a historical concept to the relationship between different groups.
a) True
b) False
Question 21: positive equations represent the linear relationship of constraints in a given situation.
a) True
b) False
Question 22: Vectors can have more than two elements, but two vectors can only be added together if both have the same number of vector
a) True
b) False
Question 23: Controlled and uncontrolled observation methods are the two-sub methods used to watch and understand the observation.
a) True
b) False
Question 24: What is the probability that a value chosen at random from a population is larger than the nedian of the population.0.25
a) True
b) False
Note Incomplete question
Question 25: When each element in a row are less than or equal to the corresponding element in another row, this row is dominated and hence can be deleted from the payoff matrix this is called as format Dominance.
a) True
b) False
Question 26: Errors due to calculations or improper convention of observation are called more sampling errors.
a) True
b) False
Question 27: If a matrix of transition probability is of the order nxn,then the number of equilibrium equations would be-: n
a) True
b) False
Question 28: The none of the models play a very important role in forecasting.
a) True
b) False
Question 29: Weighted averages have important applications in trend analysis and search
a) True
b) False
Question 30: same probability distributions are those in which the random variable can take on only specific values.
a) True
b) False
Question 31: Positional averages do not use stas calculations but give you an indication about the positional characteristics of certain items.
a) True
b) False
Question 32: The reasoning takes place in the decision making rectangle which is sometimes referred to as, quite appropriately, the Pink box.
a) True
b) False
Question 33: mode is that value which has the maximum frequency (i.e. occurs most often) in a given set of values.
a) True
b) False
Question 34: A variable, the building block of the decision task, may be seen as a small piece of a complex Behaviour.
a) True
b) False
Question 35: In Markov analysis,state probabilities must- sum to one
a) True
b) False
Question 36: sampling can be defined as the selection of some part of an aggregate or totality on the basis of which a judgment or inference about the aggregate or totality is made.
a) True
b) False
Question 37: In Assignment models, only one unit can be supplied to each destination from each source.
a) True
b) False
Question 38: Data must be collected within the cost framework
a) True
b) False
Question 39: A dummy destination is added to the table, with a demand of 100 units.
a) True
b) False
Question 40: production loss It is incurred due to failure of not adopting most favourable course of action or strategy.
a) True
b) False
Question 41: The degeneracy occurs in the transportation problem when we find ________ and observe that if the numbers of occupied cells are less than the total number of rows plus columns minus one).
a) FCS
b) IFS
c) FSC
d) FFC
Question 42: When the total supply of all the sources is not equal to the total demand of all destinations, the problem is an _______________ transportation problem.
a) Balanced
b) Difficult
c) Proper
d) Unbalanced
Question 43: IFS stands for – Initial Feasible ________________.
a) System
b) Systemetic
c) Socket
d) Solution
Question 44: A dummy destination is added to the table, with a demand of _________ units.
a) 100
b) 10
c) 0
d) 1000
Question 45: Each variable represents a distinct dimension of the _____________ making task.
a) Decision
b) Policy Holder
c) Formulator
d) All Three
Question 46: ___________ strategy is the decision rule which is always followed by the player to select the particular course of action.
a) Clean
b) Big
c) Formal
d) Pure
Question 47: The aim of the game is to determine how the players must select their respective strategies such that the pay-off is _____________.
a) Reduced
b) Maximized
c) Minimized
d) Optimized
Question 48: Buying a house, manufacturing a product, spending money on a show are examples of _______________.
a) Labour
b) Land
c) Variables
d) Capital
Question 49: Game Theory is applicable to those competitive situations which are technically known as “_______________ games”.
a) Competitive
b) Outdoor
c) Modelling
d) Indoor
Question 50: The __________________ model of linear programming is a flow optimization technique.
a) Linear
b) Transportation
c) Mathemetical
d) Scientific
Question 51: The variables can be classified in terms of the traditional factors of _____________________.
a) Production
b) Mass
c) Communication
d) Variations
Question 52: A decision always involves choice among several _______________.
a) Alternatives
b) Problems
c) Decisions
d) None
Question 53: If Maximum value in row is equal to the minimum value in column, then saddle point _______________.
a) Exist
b) Does not exist
c) Lost
d) calculated
Question 54: The term “_____________” represents a conflict between two or more individuals or groups or organizations.
a) Theory
b) Game
c) Processors
d) Behaviour
Question 55: An alternative definition of _________________ is based on counting numbers of equally likely events.
a) Probability
b) Methemetics
c) Algebra
d) Statistics
Question 56: There are two methodologies to anticipate future. They are called qualitative and _________________.
a) Quantitative
b) Macrovative
c) Microvative
d) None
Question 57: A vector may also ___________ a vector.
a) Divide
b) Add
c) Subtract
d) Multiply
Question 58: This definition of probability is called the classical or a priories definition of __________________.
a) Methemetics
b) Algebra
c) Stats
d) Probability
Question 59: EPPI stands for- Expected Profit with _____________ Information.
a) Permanent
b) Perfect
c) Precise
d) Preferable
Question 60: Variables can be independent or ________________.
a) Permanent
b) Dependent
c) Temporary
d) All Three
Question 61: Theory of equations is frequently used in solving the problems of ____________.
a) Companies
b) People
c) Business
d) None
Question 62: _____________ equations represent the linear relationship of constraints in a given situation.
a) Constraint
b) Negative
c) Positive
d) Formulative
Question 63: Once the conceptual model has been properly designed, the quantitative model and its algorithms should almost “___________” out of it.
a) Flow
b) Run
c) Fly
d) None
UPES MCQ Question 15-May-2022
Q1: In a series of statistical data that parameter which reflects a central value of the series is called the super tendency.
0. ( )True
1. ( )False
Q2: If the economic model is extended to include several commodities, it will have several equations in several forms
0. ( )True
1. ( )False
Notes: It should variables instead of forms
Q3: Averages help in obtaining a picture of the universe with the help of accuracy
0. ( )True
1. ( )False
Q4: Markov Process is a sequence of experiments in which each experiment has certain possible outcomes
0. ( )True
1. ( )False
Q5: The idea of probability is normally associated and remembered in connection with games or gamings
0. ( )True
1. ( )False
Q6: motivating refers to both policy execution as well as policy development.
0. ( )True
1. ( )False
Q7: Continuous variables can be measured to any arbitrary degree of accuracy
0. ( )True
1. ( )False
Q8: To solve any managerial problem that you face in the organization you need relevant sources
0. ( )True
1. ( )False
Q9: The two methods of for solving Markov chains are Transition Probability Matrix and decision Tree Diagram.
0. ( )True
1. ( )False
Q10: An alternative definition of probability is based on counting numbers of equally likely events.
0. ( )True
1. ( )False
Q11: Ordinarily items with values less than the average cancel out the items whose values are greater than the average.
0. ( )True
1. ( )False
Q12: The Delphi method consists of a panel of experts and a series of rounds during which forecasts are made via questionnaire.
0. ( )True
1. ( )False
Q13: mode is that value which has the maximum frequency (i.e. occurs most often) in a given set of values.
0. ( )True
1. ( )False
Q14: Central tendency refers to the middle point of a statistical distribution and is also known as an average
0. ( )True
1. ( )False
Q15: commercial averages are the applications of averages in commercial situations.
0. ( )True
1. ( )False
Q16: linear means if a programme maximizes or minimizes some measure or criterion of effectiveness.
0. ( )True
1. ( )False
Q17: The qualitative school has generated many philosophical,religious or political conceptual models according to which the ideology and dogma is structured and forecasts prepared.
0. ( )True
1. ( )False
Q18: A discrete probability distribution is sometimes called a probability mass function.
0. ( )True
1. ( )False
Q19: A liner problem can be tabulated in a matrix called transportation matrix.
0. ( )True
1. ( )False
Q20: Integer Programming is the modified plp which overcomes this limitation.
0. ( )True
1. ( )False
Q21: The transition matrix elements remain positive from one period to the next.This property is known as the regular property of Markov model
0. ( )True
1. ( )False
Q22: If element of transition matrix remain positive from one period to next,then it is referred to as the regular property of of a Markov chain.
0. ( )True
1. ( )False
Q23: A sampling design is a definite plan for obtaining a sample from the sampling frame
0. ( )True
1. ( )False
Q24: In the guesstimate conceptual model the forecast is based on expert opinion.
0. ( )True
1. ( )False
Q25: A subjective interpretation of probabilities is often useful for business decision making.
0. ( )True
1. ( )False
Q26: Number of values can be solved manually when there are two or three variables, in case of large number of variables computing can be done through software only.
0. ( )True
1. ( )False
Q27: A value of the variable which satisfies the given equation is called a solution or root
0. ( )True
1. ( )False
Q28: In a pay-off matrix, the minimum value in each row represents the minimum loss for player A.
0. ( )True
1. ( )False
Q29: Mode and Median are the two useful averages.
0. ( )True
1. ( )False
Q30: An individual/group responsible for making a choice of appropriate course of action is known as Decision maker
0. ( )True
1. ( )False
Q31: Variables can be independent or dependent
0. ( )True
1. ( )False
Q32: Mathematical averages are those which utilize mathematical formula for the calculation of their values
0. ( )True
1. ( )False
Q33: The method to solve assignment problems wasn introduced by d.koing, a Hungarian mathematician.
0. ( )True
1. ( )False
Q34: The main advantage of mode is that the value of mode is not affected by the extreme values of the series
0. ( )True
1. ( )False
Q35: group tree is very useful device for illustrating uncertain situations.
0. ( )True
1. ( )False
Q36: A decision always involves choice among several Aternatives.
0. ( )True
1. ( )False
Q37: Buying a house, manufacturing a product, spending money on a show are examples of Land.
0. ( )True
1. ( )False
Q38: The degeneracy occurs in the transportation problem when we find ifs and observe that if the numbers of occupied cells are less than the total number of rows plus columns minus one).
0. ( )True
1. ( )False
Q39: If a matrix of transition probability is of the order nxn,then the number of equilibrium equations would be-: n
0. ( )True
1. ( )False
Q40: In calculating simple arithmetic mean it is assumed that all items were equal in importance.
0. ( )True
1. ( )False
Q41: Each variable represents a distinct dimension of the _____________ making task.
0. ( ) Decision
1. ( ) Policy Holder
2. ( ) Formulator
3. ( ) All Three
Q42: A variable, the building block of the decision task, may be seen as a small piece of a complex _________________.
0. ( ) Building
1. ( ) Behaviour
2. ( ) Emotions
3. ( ) Mutimodels
Q43: When the player has alternative courses of action and he has to select combination of these with some fixed probabilities are known to as ____________ strategy.
0. ( ) Pure
1. ( ) Mixed
2. ( ) Informal
3. ( ) None
Q44: In Assignment models, only ___________ unit can be supplied to each destination from each source.
0. ( ) One
1. ( ) Five
2. ( ) Ten
3. ( ) Zero
Q45: The __________________ model of linear programming is a flow optimization technique.
0. ( ) Linear
1. ( ) Transportation
2. ( ) Mathemetical
3. ( ) Scientific
Q46: ________________ is a type of Assignment problem.
0. ( ) Zero
1. ( ) Formulae
2. ( ) Propotional
3. ( ) Restricted
Q47: A _____________ problem can be tabulated in a matrix called transportation matrix.
0. ( ) Mathemetical
1. ( ) Geographical
2. ( ) Liner
3. ( ) Transportation
Q48: ___________ strategy is the decision rule which is always followed by the player to select the particular course of action.
0. ( ) Clean
1. ( ) Big
2. ( ) Formal
3. ( ) Pure
Q49: The computer has forced the decision maker to very carefully delineate and quantify the variables that makeup the building blocks of the _____________ task.
0. ( ) Maximum
1. ( ) Minimum
2. ( ) Slow
3. ( ) Decision
Q50: The degeneracy occurs in the transportation problem when we find ________ and observe that if the numbers of occupied cells are less than the total number of rows plus columns minus one).
0. ( ) FCS
1. ( ) IFS
2. ( ) FSC
3. ( ) FFC
Q51: Satisfying refers to the attainment of certain minimum ______________.
0. ( ) Work
1. ( ) Time
2. ( ) Labours
3. ( ) Objectives
Q52: The aim of the game is to determine how the players must select their respective strategies such that the pay-off is _____________.
0. ( ) Reduced
1. ( ) Maximized
2. ( ) Minimized
3. ( ) Optimized
Q53: _____________ management decisions are primarily company-wide in nature.
0. ( ) High
1. ( ) Middle
2. ( ) Lower
3. ( ) None
Q54: To convert the unbalanced transportation problem into a balanced problem, add a _____________ destination.
0. ( ) Extra
1. ( ) Dummy
2. ( ) Single
3. ( ) Double
Q55: Probabilities of all the various possible outcomes of a trial must sum to _________________.
0. ( ) Two
1. ( ) Five
2. ( ) Zero
3. ( ) One
Q56: It is often useful to represent a matrix by a _________ symbol.
0. ( ) Many
1. ( ) Single
2. ( ) Only Two
3. ( ) Zero
Q57: Information, which is the processed form of data, refers to collection of numbers, letters, or symbols, maintained or produced for the _______________ when required.
0. ( ) Organization
1. ( ) Management
2. ( ) Company
3. ( ) All three
Q58: A ______________ interpretation of probabilities is often useful for business decision making.
0. ( ) Theoratical
1. ( ) Symbolic
2. ( ) Subjective
3. ( ) All Three
Q59: Non-______________ equation is the decision variables have the values zero or positive, not negative.
0. ( ) Positive
1. ( ) Formulative
2. ( ) Directional
3. ( ) Negetive
Q60: The probability of the outcome of any trial is “__________” and does not change throughout the process.
0. ( ) Differnet
1. ( ) Same
2. ( ) Single
3. ( ) Stable
Q61: A Linear Programming problem is a special case of a ________________ Programming problem.
0. ( ) Scientific
1. ( ) Geographical
2. ( ) Managerial
3. ( ) Mathemetical
Q62: In the ___________ situation the information is completely known and the outcome of a specified decision can be predetermined with certainty.
0. ( ) Oligopolistic
1. ( ) Monopolistic
2. ( ) both A and B
3. ( ) Deterministic
Q63: ______________ Decisions are primarily concerned with day to day operations of the organization.
0. ( ) calculative
1. ( ) Mechanical
2. ( ) Operating
3. ( ) Official
