UGCNET - Commerce 08 (Dec' 2007) - Paper II | UGC NET Solved Papers Commerce


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