UGC NET COMMERCE
SOLVED PAPERS
PAPER.II
1. Which of the following denote the
structural changes in Indian economy ?
(A) Primary sector contribution has
gone down.
(B) Service sector contribution has
gone up.
(C) Secondary sector has not changed
much.
(D) All of the above
2. Broad Money has to be sensitized
through :
(A) CRR
(B) SLR
(C) Repo Rate
(D) All of the above
3. Which one is not an element of legal
environment ?
(A) Act of Parliamentarians in Lok
Sabha
(B) Indian Contract Act, 1872
(C) Indian Partnership Act, 1932
(D) Negotiable instruments Act, 1881
4. Out of the following, which are four
dimensions of Human Development Index ?
(i) Life Expectancy
(ii) Literacy Level
(iii) Success Rate of Marriages
(iv) Standard of Living
(v) Crime Rate
(vi) Corruption Level
(vii) Economic Entitlement
(viii) Foreign Visits
Codes :
(A) (i), (ii), (vi) and (viii)
(B) (i), (ii), (iv) and (vii)
(C) (ii), (iii), (vi) and (vii)
(D) (iii), (v), (vii) and (viii)
5. Public Enterprise is defined as
(A) An organisation run by joint
efforts of Centre and State Governments.
(B) An organisation which caters to
the needs relating to public utilities.
(C) An organisation in which capital
is invested by public.
(D) An organisation owned and managed
by public authorities for definite set of public purposes.
6. Match List-I with List-II and select
the correct answer :
List – I List
– II
(i) Measurement of income (a) Accrues
to the equity of owners
(ii) Recognition of expense (b)
Recognition of revenue
(iii) Basis of realization (c)
Matching revenue with expenses
(iv) Identification of revenue (d)
Accounting period
Codes :
(i) (ii) (iii) (iv)
(A) (a) (b) (c) (d)
(B) (b) (a) (c) (d)
(C) (c) (d) (a) (b)
(D) (c) (d) (b) (a)
7. Consider the following items :
(i) Debentures
(ii) Prepaid rent
(iii) Interest accrued
(iv) Bank overdraft
Which of them are current liabilities
?
(A) (i), (ii), (iii) and (iv)
(B) (iv)
(C) (ii), (iii) and (iv)
(D) (i), (ii) and (iii)
8. Conversion cost is the sum of
(A) Indirect wages and factory
overhead
(B) Direct wages, direct expenses and
factory overhead
(C) Direct material cost and indirect
wages
(D) Prime cost and selling &
distribution overhead
9. (A)
Assertion : Premium received on
issue of shares is credited to share premium account but not to Profit and Loss
account.
(R) Reasoning
: Since share premium is not a
trading profit, it is not distributed to shareholders.
(A) Both (A) and (R) are true but (R)
is not correct explanation to (A).
(B) (A) is false but (R) is correct.
(C) Both (A) and (R) are true and (R)
is correct explanation of (A).
(D) (A) is correct but (R) is false.
10. Consider the following :
(i) Basic defensive and interval ratio
(ii) Current ratio
(iii) Superquick ratio
(iv) Quick ratio
Arrange these ratios in sequence to
reflect the liquidity in descending order.
(A) (ii), (iv), (iii) and (i)
(B) (i), (ii), (iv) and (iii)
(C) (iv), (ii), (iii) and (i)
(D) (iii), (iv), (i) and (ii)
11. Normally Demand curve slopes
(A) Upward
(B) Downward
(C) Horizontal
(D) Vertical
12. Which of the following refers to
Perfect Competition ?
(i) There are restrictions on buyers
and sellers
(ii) There are no restrictions on
movement of goods
(iii) There are no restrictions on
factors of production Correct one is
(A) only (i) and (ii)
(B) only (ii) and (iii)
(C) only (i) and (iii)
(D) only (i)
13. Assertion
(A): Total utility will be
maximum when marginal utility to price of respective products are equal.
Reason (R) : Deviation from this situation leads to
reduction in maximum utility.
(A) (A) and (R) are not correct.
(B) (A) is correct but (R) is not
correct.
(C) (A) and (R) are correct.
(D) (A) is incorrect, (R) is correct.
14. Match List-I with List-II and select
the correct answer.
List – I List
– II
(i) Survival (a) Economic Objective
(ii) R.O.I (b) Natural Urge
(iii) Growth (c) Business Purpose
(iv) Innovation (d) Primary Objective
Codes :
(a) (b) (c) (d)
(A) (ii) (iii) (iv) (i)
(B) (ii) (i) (iii) (iv)
(C) (i) (ii) (iii) (iv)
(D) (iv) (iii) (ii) (i)
15. Consider the oligopoly models :
(i) Sweezy’s kinked demand curve model
(ii) Newman and Morgenstern Game
Theory model
(iii) Cournal’s duopoly model
(iv) Baumal’s sales maximisation model
Arrange them in correct sequence as
per order of evolution.
(A) (iv), (iii), (ii), (i)
(B) (ii), (i), (iii), (iv)
(C) (iii), (i), (ii), (iv)
(D) (i), (iii), (ii), (iv)
16. Which of the following is not a
restricted random sampling technique ?
(A) Stratified sampling
(B) Simple random sampling
(C) Systematic sampling
(D) Multistage sampling
17. Classification of respondents only on
the basis of gender is an application of
(A) Ordinal scale
(B) Nominal scale
(C) Interval scale
(D) Ratio scale
18. Karl Pearson’s co-efficient of
correlation between two variables is
(A) the product of their standard
deviations
(B) the square root of the product of
their regression co-efficients
(C) the co-variance between the
variables
(D) None of the above
19. Statistical software packages for
research in social sciences include
(A) SPSS
(B) STATA
(C) MiniTab
(D) All of the above
20. F-test is used to test the
significance of the differences between/among
(A) Two sample mean
(B) More than two samples mean
(C) Variance of two samples
(D) (B) and (C)
21. Match the following
List-I
List-II
(i) The Practice of Management
(a) Henry Fayol
(ii) Philosophy of Management (b) F.W.
Taylor
(iii) Scientific Management (c) Oliver
Sheldon
(iv) General and Industrial
Administration (d) Peter F Drucker
Codes :
(i) (ii) (iii) (iv)
(A) (a) (b) (c) (d)
(B) (d) (c) (b) (a)
(C) (d) (c) (a) (b)
(D) (c) (d) (b) (a)
22. Identify the correct sequence of steps
involved in planning :
(i) Selecting the best course of
action
(ii) Establishing the sequence of
activities
(iii) Establishment of objectives
(iv) Evaluating alternative courses
(v) Determining alternative courses
(A) (i), (ii), (iii), (iv) and (v)
(B) (iii), (v), (iv), (ii) and (i)
(C) (v), (iv), (iii), (ii) and (i)
(D) (iii), (v), (iv), (i) and (ii)
23. Assertion
(A) : One can be sure about
future course of actions by making good plans.
Reasoning (R)
: Planning brings certainty in
future course of actions of an organisation.
(A) (R) is correct but (A) is not
correct.
(B) (A) is correct but (R) is not
correct.
(C) Both (A) and (R) are correct.
(D) Both (A) and (R) are not correct.
24. According to Kieth Devis, which one is
not a barrier of communication ?
(A) Physical Barriers
(B) Technological Barriers
(C) Personal Barriers
(D) Linguistic Barriers
25. While establishing relation between
Maslow’s and Herzberg’s theories, which Needs of Hierachy Theory will fall
under the Hygiene Factors ?
(A) Self actualisation, esteem and
social needs
(B) Esteem, social and safety needs
(C) Social, safety and physiological
needs
(D) Only social needs
26. Howard-Sueth model of consumer
behaviour is popularly known as
(A) Machine Model
(B) Human Model
(C) Marketing Model
(D) Purchase Model
27. To generate and facilitate any
exchange intended to satisfy human needs or wants such that the satisfaction of
these wants occur with minimal detrimental impact on the natural environment is
known as
(A) Aggressive marketing
(B) Operating marketing
(C) Green marketing
(D) All of the above
28. All the activities involved in selling
goods or services directly to final consumers for personal non-business uses
are done by
(A) Wholesalers
(B) Retailers
(C) Mediators
(D) Commission Agents
29. To manage a business well is to manage
its future and to manage the future is to manage information is termed as
(A) Management information system
(B) Marketing information system
(C) Future information system
(D) General information system
30. DAGMAR approach in marketing is used
to measure
(A) Public relations
(B) Advertising results
(C) Selling volume
(D) Consumer satisfaction
31. Which one is not an important
objective of Financial Management ?
(A) Profit Maximisation
(B) Wealth Maximisation
(C) Value Maximisation
(D) Maximisation of social benefits
32. Which one refers to cash inflow under
payback period method ?
(A) Cash flow before depreciation and
taxes
(B) Cash flow after depreciation and
taxes
(C) Cash flow after depreciation but
before taxes
(D) Cash flow before depreciation and
after taxes
33. The concept of present value is based
on the :
(A) Principle of compounding
(B) Principle of discounting
(C) (A) and (B)
(D) None of the above
34. Cost of capital from all the sources
of funds is called
(A) Specific cost
(B) Composite cost
(C) Implicit cost
(D) Simple Average cost
35. Match the following with most suitabl
option :
(a) Modigiliani- Miller Approach (i)
Commercial papers
(b) Net Operating Income Approach (ii)
Working Capital Management
(c) Short term Money Market Instrument
(iii) Capital Structure
(d) Factoring (iv) Arbitrage
Codes :
(a) (b) (c) (d)
(A) (iv) (iii) (i) (ii)
(B) (iii) (iv) (i) (ii)
(C) (iii) (ii) (i) (iv)
(D) (iii) (ii) (iv) (i)
36. Which four are the factors influencing
the Human Resource Management of an organisation ?
(i) Size of workforce
(ii) Employee Expectations
(iii) Composition of workforce
(iv) Political influence
(v) Changes in technology
(A) (i), (ii), (iii) and (iv)
(B) (i),(ii), (iii) and (v)
(C) (i), (ii), (iv) and (v)
(D) (i), (iii), (iv) and (v)
37. Assertion
(A) : One can not be sure about
the quality of appraisal on the basis of length of service.
Reasoning (R)
: Initial appraisal and
promotional appraisal are done separately and differently since the length of
service is different.
(A) (R) is correct but (A) is not
correct.
(B) (A) is correct but (R) is not
correct.
(C) (A) and (R) both are correct.
(D) (A) and (R) both are not correct.
38. Which of the following are covered
under the scope of Human Resource Management ?
(i) Forecasting Human Resource Needs
(ii) Replacement Planning
(iii) Human Resource Dynamics
(iv) Human Resource Development
Planning
(v) Human Resource Audit
(A) (i), (iii), (v)
(B) (i), (ii), (iii), (iv)
(C) (iii), (v)
(D) (i), (ii), (iii), (iv), (v)
39. On which of the following, at the
initial stage, the Indian IT companies relying more for getting good IT
professionals?
(A) Job Portals
(B) Placement Agencies
(C) Campus Placement
(D) All of the above
40. Statement
(i) : Labour always get a major
share of productivitygains.
Statement
(ii) : Partial stoppage of work
by workers amounts to strike(A) Statement (i) is true but (ii) is false.
(a) Statement (i) is true but (iI) is
false.
(B) Statement (ii) is true but (i) is
false.
(C) Both statements are true.
(D) Both statements are false.
41. Imperial Bank was established on
January 27, 1921 on the advise of
(A) J. M. Keynes
(B) Lord Illingworth
(C) King George V
(D) Winston Churchill
42. Read the following events :
(i) Allowing convertibility of rupee
at the market rate in the current account
(ii) Nationalisation of general
insurance business
(iii) Establishment of IDBI
(iv) Nationalisation of life insurance
business
(v) Capital adequacy norms for
commercial banks
Arrange the events in the ascending
order of their occurrence :
(A) (iv), (iii), (ii), (i), (v)
(B) (v), (iv), (iii), (ii), (i)
(C) (i), (ii), (iii), (v), (iv)
(D) (i), (v), (ii), (iv), (iii)
43. In India, the Commercial Banks are
given license of operation by
(A) The Government of India
(B) The Ministry of Finance
(C) Reserve Bank of India
(D) Banking Companies Regulation Act,
1949
44. The provisions of General Reserve in
Banking Companies are made keeping in view the provisions of
(A) Indian Companies Act, 1956
(B) Banking Companies Act, 1949
(C) SEBI Act, 1992
(D) Statutory Auditor
45. Which among the following is not true
with regard to merchant banker ?
(i) It can accept deposits.
(ii) It can advance loans.
(iii) It can do other banking
activities.
(iv) It can be manager to a public
issue.
(A) (i), (ii) and (iii)
(B) (ii), (iii) and (iv)
(C) (i), (iii) and (iv)
(D) (ii) and (iv)
46. Balance of Payments can be made
favourable if
(A) Exports are increased
(B) Imports are increased
(C) Devaluation of money
(D) (A) and (C)
47. Which one is not an objective of IMF ?
(A) To promote international monetary
co-operation
(B) To ensure balanced international
trade
(C) To finance productive efforts
according to peace-time requirement
(D) To ensure exchange rate stability
48. EPCG denotes
(A) Export Potential and Credit Guarantee
(B) Earning Promotion and Credit
Guarantee
(C) Export Promotion and Credit
Guarantee
(D) Export Potential and Credit Goods
49. Which one of the following matches
correspond to the Member and Observer countries of the SAARC ?
(i) India, Pakistan, Bangladesh,
Bhutan, Nepal, Sri Lanka, Afghanistan, Maldive
(ii) Iran, China, Japan, USA, South
Korea, European Union
(iii) Pakistan, Nepal, India,
Bangladesh, Iran
(iv) UK, USA, North Korea, South
Africa
(A) (iii) and (iv)
(B) (ii) and (iv)
(C) (i) and (ii)
(D) (ii) and (iii)
50. Which one is not an international
organisation ?
(A) SAARC
(B) ASEM
(C) ASEAN
(D) CBDT