UGC NET COMMERCE
SOLVED PAPERS
PAPER.II
Note : This paper contains fifty (50) objective-type questions,
each question carrying two (2) marks. Attempt all
of them.
1. The objective of the 11th
Five-year Plan approach paper is to achieve:
(A) Inclusive growth (B) Inclusive finance
(C) Growth with equity (D)
Social justice
2. The sector owned by State or
Central Government is called:
(A) Private sector (B)
Public sector
(C) Joint sector (D)
Co-operative sector
3. Balanced growth means :
(A) The state of an economy in
which there is a constant relationship between the components of aggregate
national income.
(B) The effect upon the
national income of equal changes in Government expenditure and revenue.
(C) A situation in which the Government’s
planned expenditure equals its expected income.
(D) None of the above
4. The country that is not a
developing country but has not yet achieved the status of the advanced country
is :
(A) Malaysia (B)
South Korea
(C) Singapore (D) None of
these
5. The draft Five-year Plan in
India is approved by :
(A) National Development
Council
(B) Planning Commission
(C) Cabinet Committee (D)
President of India
6. Which accounting principle
differentiates between owners and management ?
(A) Going Concern (B) Dual
Aspect
(C) Separate Entity (D) Conservatism
7. Reducing the capital of a
company is called :
(A) Internal Reconstruction (B) External Reconstruction
(C) Consolidation (D) None of
these
8. P/V ratio shows :
(A) Profit and Volume (B) Profit Earning Capability
(C) Safety Margin (D) None of
the above
9. The meaning of cash as per AS - 3 (revised) is :
(A) Cash in hand
(B) Cash at Bank
(C) Cash in hand and demand
deposits in banks
(D) None of the above
10. Match the items of List - I with the items in List -II :
List - I List - II
(a) Cash Equivalents (i)
Efficiency of managing an asset
(b) Average Collection Period
(ii) Controlling Government Expenditure
(c) Zero-Base Budgeting (iii)
Liquid Securities
(d) Responsibility Centre (iv)
Residual Income
Codes :
(a) (b) (c) (d)
(A) (iii)
(i) (ii) (iv)
(B) (iv) (ii) (iii) (i)
(C) (i) (ii) (iii) (iv)
(D) (ii) (i) (iii) (iv)
11. In the short period,
monopolist firm’s equilibrium is at :
(A) Break-even point (B) AR
> AC
(C) AR < AC (D)
All of these
12. Price-discrimination is
profitable and possible if the two markets have :
(A) Equal Elasticity of Demand
(B)
Different Elasticity of Demand
(C) Inelastic Demand (D)
Highly Elastic Demand
13. Laws of increasing and
constant returns are temporary phases of :
(A) Law of Variable Proportion (B) Law of Diminishing Return
(C) Law of Proportionality (D)
Law of Diminishing Utility
14. A firm producing a large
number of products will follow the pricing strategy known as :
(A) Cost-plus pricing (B)
Differential pricing
(C) Product-line pricing (D)
Price leadership
15. Cartels under oligopoly do not
survive for long because of :
(A) Inter-firm rivalry (B) Low profits
(C) High cost of marketing (D)
Heavy losses
16. F-test is a :
(A) Probability test (B)
Variance test
(C) Factor analysis (D) None
of the above
17. Regression analysis is a
measure of :
(A) Degree and direction of
relationship
(B) Degree of association
(C) Cause and effect
relationship
(D) None of the above
18. Schedules help us in
collecting :
(A) Secondary Data (B)
Qualitative Data
(C) Primary Data (D) None of the above
19. Match the items from List - I with the items in List -II :
List - I List - II
(a) Random sampling (i)
Structured
(b) Hypothesis testing (ii)
Parametric test
(c) Questionnaire (iii)
Probability sampling
(d) t - test (iv) b - error
Codes :
(a)
(b) (c) (d)
(A) (iv) (iii) (i) (ii)
(B) (iii) (iv) (ii) (i)
(C) (iii) (i) (iv) (ii)
(D) (iii)
(iv) (i) (ii)
20. The process of arranging
records within a file is called :
(A) Ordering (B) Arranging
(C) Sequencing (D) Sorting
21. Who is the father of
Scientific Management ?
(A) Peter F. Drucker (B) Henry
Fayol
(C) F.W. Taylor (D) Charles Babbage
22. What are K.R. As. ?
(A) Key Result Areas
(B) Key Recruitment Agencies
(C) Key Real Assets
(D) Key Resourceful Areas
23. The modern organization
structure usually recommended is :
(A) Tall (B) Flat
(C) Floating (D) Circular
24. Which of the following relates
to interpersonal communication ?
(A) Johari Window (B) Formal
(C) Body language (D) All of
the above
25. Who is an independent director
?
(A) Financial Institution (B)
Shareholder of the Company
(C) Nominee of Outside Agency (D) None of the above
26. Who propounded Mega-marketing
?
(A) Mc Aurthy (B)
Philip Kotler
(C) Sheth (D) Peter F. Drucker
27. On-line marketing is
associated with :
(A) Segmentation (B) Product
Life Cycle
(C) Distribution (D) Packing
28. Relationship marketing relates
to :
(A) One-time purchase (B)
Two-time purchase
(C) Repeat purchase (D) Continuous purchase
29. Modern marketing concept
emphasizes on :
(A) Sales maximisation (B)
Customer satisfaction
(C) Profit maximisation (D)
Wealth maximisation
30. Penetration price is :
(A) Charging high price (B)
Charging low price
(C) Charging competitive price
(D) None of the above
31. Right shares enjoy
preferential rights as regards :
(A) Payment of retained earnings
(B) Payment of dividend
(C) Repayment of capital in
the event of winding up of the company
(D) None of the above
32. Non-performing Advance means :
(A) Non-functional assets
(B) Obsolete assets
(C) Assets transferred to
company liquidator
(D) Loans becoming overdue
beyond 90 days
33. Match the items of List - I with the items in List -II :
List - I List -
II
(a) Capital gearing ratio (i)
Profitability
(b) Fixed assets turnover (ii)
Short-term solvency
(c) Return on equity (iii)
Activity
(d) Acid test (iv) Long-term
solvency
Codes :
(a)
(b) (c) (d)
(A) (iv)
(iii) (i) (ii)
(B) (iv) (iii) (ii) (i)
(C) (iii) (iv) (i) (ii)
(D) (iv) (i) (iii) (ii)
34. Capital structure designing
has nothing to do with :
(A) Profitability (B)
Solvency
(C) Flexibility (D)
Transferability
35. Which of the following is the
source of short-term finance ?
(A) Trade Credit (B)
Bank Credit
(C) Short-term Borrowings (D)
All of the above
36. What is the operative function
of Human Resource Management ?
(A) Controlling (B) Organizing
(C) Procurement (D)
None of the above
37. Selection means :
(A) Elimination (B) Testing
(C) Recruitment (D)
None of the above
38. What is the method used to
determine wage differentials ?
(A) Merit rating (B) Job
design
(C) Job evaluation (D) None of the above
39. Social security benefit
include :
(A) Annual bonus (B)
Non-financial incentives
(C) Old age pension (D) None of the above
40. Performance appraisal relates
to :
(A) 360 degrees appraisal (B) Open-door method
(C) Autocratic method (D) All
of the above
41. In 2005 - 06, which of the
following banks earned the highest return on assets ?
(A) Private Sector Banks (B)
Foreign Banks
(C) Public Sector Banks (D) Scheduled Commercial
Banks
42. Which of the following
provides financial aid to the developing countries of Asia :
(A) Association of South East
Asian Nations
(B) International Development
Association
(C) Asian Development Bank
(D) None of the above
43. The merger of __________ and
__________ was the first M and A activity after liberalization.
(A) Times Bank and HDFC Bank
(B) New Bank of India and
Punjab National Bank
(C) ICICI and ICICI Bank
(D) GTB and Oriental Bank of
Commerce
44. The first Development Bank
IFCI was established in :
(A) 1948 (B) 1947 (C) 1949 (D) 1950
45. The number of approved stock
exchanges in India is :
(A) 24 (B) 21 (C) 18 (D) 15
46. Happiness Index or.Happy
Planet Index has been evolved jointly by the New Economic Foundation and Friends
of Earth. Both are located in :
(A) U.K. (B) U.S.A. (C) Australia (D)
Europe
47. The amount of gold, reserve
currencies and special drawing rights available for the finance of
international trade is known as _________.
(A) International Liquidity (B) Special Drawing Rights
(C) International Monetary
Fund (D) None of the above
48. The Double Taxation Avoidance
Convention (DTAC) pact was signed between :
(A) India and China (B)
India, Serbia and Montenegro
(C) Australia and China (D)
None of the above
49.International Trade Theory.
was the contribution of :
(A) Bertic Ohlin (B) Arthur Okun
(C) Adam Smith (D) None of the
above
50. Which of the following is not
matched against its name ?
(A) ASEAN : Economic
co-operation amongst all Asian Countries
(B) IMF : To remove
unfavourable balance of payment and to provide financial assistance
(C) WTO : Does not allow
quantitative restrictions on trade
(D) SAARC : Encourages trade
between South Asian Countries