KSET Commerce Solved Paper 2015 [Paper II]
KSET Solved Question Paper Commerce
[Time: 1 hour 15 Minutes; Maximum Marks: 100]
Note: This paper contains fifty(50) multiple choice questions, each carrying Two (2) marks. Attempt All questions.
In this post you will get KSET Commerce Solved Paper 2015 [Paper III]with Proper Explanation. K-SET General Paper 1 Solutions will also be available very soon on our website.
KSET Exam is conducted every year by the Karnataka Exam Authority (
1. Liberalisation means
a) Opening up of the economy to the world market.
b) Reducing the unwanted restriction on trade and industry.
c) Reducing the number of reserved industries to a few.
d) Welcoming more foreign direct investment into the economy.
Ans: b) Reducing the unwanted restriction on trade and industry.
2. Statements:
(1) Penetration pricing is most suitable for electronic goods.
(2) The objective of skimming price policy is to penetrate the market with the lowest possible price.
a) Both are correct.
b) (1) correct, (2) wrong.
c) (1) wrong, (2) correct.
d) Both are wrong.
Ans: d) Both are wrong.
3. Which of the following is not an element of micro environment of business?
a) Trade policy.
b) Suppliers.
c) Competitors.
d) Public.
Ans: a) Trade policy.
4. Which of the following is not an instrument of monetary policy?
a) Statutory Liquidity Ratio.
b) Open Market Operations.
c) Levying Taxes.
d) Cash Reserve Ratio.
Ans: c) Levying Taxes.
5. Match the following legislations with the year of their enactment:
|
(a) Foreign Exchange Management Act. (b) Factories Act. (c) Monopolies and Restrictive Trade Practices Act. (d) Consumer Protection Act. |
(1) 1948. (2) 1999. (3) 1986. (4) 1969. |
Codes:
a) (a)-(2), (b)-(1), (c)-(3), (d)-(4).
b) (a)-(2), (b)-(1), (c)-(4), (d)-(3).
c) (a)-(3), (b)-(4), (c)-(2), (d)-(1).
d) (a)-(3), (b)-(4), (c)-(1), (d)-(2).
Ans: b) (a)-(2), (b)-(1), (c)-(4), (d)-(3).
6. In which one of the following methods of charging depreciation shall the balance never be reduced to zero?
a) Fixed Installment Method.
b) Depreciation Fund Method.
c) Diminishing Balance Method.
d) Depletion Unit Method.
Ans: c) Diminishing Balance Method.
7. Match List – I with List – II and select the correct answer using the following codes given below the lists:
|
List – I (Types of Accounts) |
List – II (Principles) |
|
(a) Real Accounts. (b) Nominal Accounts. (c) Personal Accounts. |
(1) Debit the receiver and credit the giver. (2) Debit what comes in credit what goes out. (3) Debit all expenses and credit all gains. |
Codes:
a) (a)-(3), (b)-(2), (c)-(1).
b) (a)-(1), (b)-(3), (c)-(2).
c) (a)-(2), (b)-(3), (c)-(1).
d) (a)-(1), (b)-(2), (c)-(3).
Ans: c) (a)-(2), (b)-(3), (c)-(1).
8. Garner Vs. Murray rule applies in case of
a) Admission of a partner.
b) Dissolution of a firm.
c) Retirement of a partner.
d) Death of a partner.
Ans: b) Dissolution of a firm.
9. A company offered 5,000 shares for subscription. The company received applications for 6,000 shares. The shares were allotted on pro-rata basis.If X has applied for 180 shares how many shares would be allotted to him?
a) 180 shares.
b) 200 shares.
c) 150 shares.
d) 175 shares.
Ans: c) 150 shares.
10. Cost of goods sold is calculated as
a) Cost of goods manufactured +Opening stock of finished goods –Closing stock of finished goods.
b) Cost of goods manufactured –Opening stock of finished goods –Closing stock of finished goods.
c) Cost of goods manufactured –Opening stock of finished goods +Closing stock of finished goods.
d) Cost of goods manufactured +Opening stock of finished goods +Closing stock of finished goods.
Ans: a) Cost of goods manufactured +Opening stock of finished goods –Closing stock of finished goods.
11. Elasticity of demand for necessities is
a) Infinite.
b) Equal to zero.
c) More than one.
d) Less than one.
Ans: d) Less than one.
12. Price discrimination is possible and profitable when different markets have
a) Different elasticity of demand.
b) Inelastic demand.
c) Same elasticity of demand.
d) Infinite elasticity of demand.
Ans: a) Different elasticity of demand.
13. A seller can sell additional quantity of his product without reducing the price in
a) Monopoly market.
b) Oligopoly market.
c) Perfectly competitive market.
d) Monopolistic market.
Ans: c) Perfectly competitive market.
14. An example of derived demand is
a) Milk.
b) Money.
c) Manufactured goods.
d) Fertilizers.
Ans: b) Money.
15. When marginal utility is negative, total utility
a) increases.
b) is negative.
c) decreases.
d) is zero.
Ans: c) decreases.
16. Chi-square test can be used only when
a) all the items in the sample are independent.
b) all the items in the sample are dependent.
c) all the items are disbursed abnormally.
d) the sampling method is non-random.
Ans: a) all the items in the sample are independent.
17. When skewness is zero,
a) Mean is equal to median but not mode.
b) Mean is equal to median and mode.
c) Mean is equal to mode but not median.
d) Mean, median and mode will have different values.
Ans: b) Mean is equal to median and mode.
18. Match the items from List – 1 with the items in List – 2.
|
List – 1 |
List – 2 |
|
(a) Chi-square test. (b) Annual reports. (c) Multivariate. (d) Data processing. |
(1) Secondary data. (2) Information system. (3) Hypothesis testing. (4) Factor analysis. |
Codes:
a) (a)-(4), (b)-(2), (c)-(1), (d)-(3).
b) (a)-(3), (b)-(4), (c)-(1), (d)-(2).
c) (a)-(3), (b)-(1), (c)-(4), (d)-(2).
d) (a)-(4), (b)-(1), (c)-(3), (d)-(2).
Ans: c) (a)-(3), (b)-(1), (c)-(4), (d)-(2).
19. Factor analysis is a
a) Univariate statistical technique.
b) Bivariate statistical technique.
c) Multivariate statistical technique.
d) Simple statistical technique.
Ans: c) Multivariate statistical technique.
20. When the population of the study is not properly defined
a) It is a sampling error.
b) It is a non-sampling error.
c) It is not an error at all.
d) None of the above.
Ans: b) It is a non-sampling error.
21. The line of authority is clearly defined
a) Principle of unity of command.
b) Principle of equity.
c) Principle of scalar chain.
d) Principle of authority and responsibility.
Ans: c) Principle of scalar chain.
22. Choosing a specific path of action of achieve desired results
a) Policy.
b) Procedure.
c) Programme.
d) Strategy.
Ans: d) Strategy.
23. Leadership style in which followers have ample of freedom in fixing targets
a) participative.
b) democratic.
c) consultative.
d) free-rein.
Ans: d) free-rein.
24. Arrange the following steps of planning in a proper sequence:
(1) developing premises.
(2) evaluating alternative courses.
(3) being aware of opportunities.
(4) selecting a course.
(5) establishing objectives.
a) (1) (3) (4) (2) (5).
b) (1) (3) (2) (5) (4).
c) (3) (5) (1) (2) (4).
d) (3) (5) (1) (4) (2).
Ans: c) (3) (5) (1) (2) (4).
25. Following is not a barrier of communication
a) un-clarified assumptions.
b) closed mind.
c) open mind.
d) loss by transmission.
Ans: c) open mind.
26. Which of the following is not the stage of product life cycle?
a) Introduction.
b) Growth.
c) Market segmentation.
d) Decline.
Ans: c) Market segmentation.
27. Which of the following is an example of an external threat?
a) New trade regulations.
b) Decreased competition.
c) Global sales potential.
d) Economies of scale.
Ans: a) New trade regulations.
28. Which of the following is not a tool of sales promotion?
a) Sales contests.
b) Public relations.
c) Point of purchase display.
d) Free gifts.
Ans: b) Public relations.
29. Which concept of marketing do places greater emphasis on techniques and technology of production?
a) Production.
b) Product.
c) Selling.
d) Marketing.
Ans: a) Production.
30. Fill in the blanks:
|
Statements |
Alternatives |
|
(a) Loyal customers ________ products. (b) Loyal customers are ________ sensitive. (c) Loyal customers pay ________ to competitors advertising. (d) Serving existing customer is ________. |
(1) Less attention. (2) Cheaper. (3) Less price. (4) Buy more. |
Codes:
a) (a)-(3), (b)-(1), (c)-(2), (d)-(4).
b) (a)-(4), (b)-(3), (c)-(1), (d)-(2).
c) (a)-(2), (b)-(1), (c)-(3), (d)-(4).
d) (a)-(4), (b)-(3), (c)-(2), (d)-(1).
Ans: b) (a)-(4), (b)-(3), (c)-(1), (d)-(2).
31. In MM-model irrelevance of capital structure is based on
a) Cost of equity and debt.
b) Arbitrage process.
c) Decreasing Ko.
d) Decreasing Kd.
Ans: b) Arbitrage process.
32. Current ratio shows the
a) Long term financial position of company.
b) Financial soundness of business.
c) Capacity of paying dividends to shareholders.
d) Short term financial strength of business.
Ans: d) Short term financial strength of business.
33. Internal rate of return is
a) The rate of return at which NPV is zero.
b) The rate at which NPV is zero.
c) The rate at which NPV is one.
d) The rate at which profitability is zero.
Ans: a) The rate of return at which NPV is zero.
34. A dividend payment made in the formof additional shares issued is known as
a) Bonus Shares.
b) Ex-Dividend.
c) Cum-Dividend.
d) Stock Dividend.
Ans: d) Stock Dividend.
35. Which one of the following is irrelevant for measuring financial leverage?
a) Cost of debt.
b) Cost of equity.
c) Cost of goods sold.
d) Debt-equity ratio.
Ans: c) Cost of goods sold.
36. In which order the following aspects of manpower planning operate in established organisations.
(1) Recruitment.
(2) Job analysis.
(3) Manpower inventory.
(4) Manpower forecasting.
a) (3) (2) (4) (1).
b) (2) (4) (3) (1).
c) (4) (3) (2) (1).
d) (3) (2) (1) (4).
Ans: c) (4) (3) (2) (1).
37. Who among the following are not included as members of Wage Board?
a) employer’s representatives.
b) worker’s representatives.
c) consumer’s representatives.
d) wage experts and economists.
Ans: c) consumer’s representatives.
38. 360° appraisal refers to the appraisal to be done by
a) superiors and subordinates.
b) superiors, subordinates and customers.
c) superiors, subordinates, customers and peers.
d) appraisal committee.
Ans: c) superiors, subordinates, customers and peers.
39. Which one of the following is not one of the forms of worker’s participation in management?
a) joint management council.
b) works committee.
c) canteen committee.
d) shop level council.
Ans: c) canteen committee.
40. Which one of the following is not a fringe benefit?
a) transport.
b) dearness allowance.
c) free education to children.
d) subsidized canteen facility.
Ans: b) dearness allowance.
41. ‘Repo Rate’ refers to the rate at which
a) RBI borrows short term money from the market.
b) Banks keep the money with RBI.
c) Bills are discounted by RBI.
d) Forex is purchased by RBI.
Ans: a) RBI borrows short term money from the market.
42. In order to control credit
a) CRR should be increased and bank rate should be decreased.
b) CRR should be decreased and bank rate should be decreased.
c) CRR should be increased and bank rate should be increased.
d) CRR should be decreased and bank rate should be increased.
Ans: c) CRR should be increased and bank rate should be increased.
43. Retail Banking means
a) Credit facilities extended to retail traders.
b) Providing personal banking services directly to the consumers.
c) Collection of large number of dividend warrants.
d) Providing services to the employees of large organisations.
Ans: b) Providing personal banking services directly to the consumers.
44. In order to control credit in the country, the RBI may
a) Buy securities in the open market.
b) Sell securities in the open market.
c) Reduce CRR.
d) Reduce SLR.
Ans: a) Buy securities in the open market.
45. Non-performing assets of a bank refer to the
a) Assets which are not backed by collateral.
b) Deposits not paid back to customers.
c) Lending’s not recovered.
d) Interest and loans outstanding and overdue for long time.
Ans: d) Interest and loans outstanding and overdue for long time.
46. Excise duty is to be levied on
a) Import of goods.
b) Export of goods.
c) Production of goods.
d) Sale of goods.
Ans: c) Production of goods.
47. The importer cannot take delivery of goods unless he produces the
a) Bill of sight.
b) Bill of lading.
c) Shipping bill.
d) Certificate of origin.
Ans: b) Bill of lading.
48. Find the odd man out
a) IMF.
b) IFC.
c) World Bank.
d) RBI.
Ans: d) RBI.
49. Foreign Exchange and Foreign Currencies in India are governed by
a) SCRA Act.
b) Banking Regulation Act.
c) FEMA.
d) SEBI Act.
Ans: c) FEMA.
50. Match the following:
|
List – I |
List – II |
|
(a) WTO. (b) RBI. (c) IMF. (d) IBRD. |
(1) Provides loans to address short-term balance of payments problems. (2) Multilateral trade negotiating body. (3) Facilitating lending and borrowing for reconstruction and development. (4) Central Bank of India. |
Codes:
a) (a)-(2), (b)-(4), (c)-(1), (d)-(3).
b) (a)-(4), (b)-(3), (c)-(2), (d)-(1).
c) (a)-(2), (b)-(3), (c)-(4), (d)-(1).
d) (a)-(1), (b)-(2), (c)-(3), (d)-(4).
Ans: a) (a)-(2), (b)-(4), (c)-(1), (d)-(3).
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