MAHA SET Commerce Solved Paper April 2017 [Paper II]

MAHA SET Commerce Solved Paper April 2017 [Paper II]

MAHA SET Solved Question Paper Commerce

[Time: 2 hour, 120 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 MAHA SET Commerce Solved Paper April 2017 [Paper II] with Proper Explanation. MAHA SET General Paper 1 Solutions will also be available very soon on our website.

MAHA SET Exam is conducted every year by the Savitribai Phule Pune University. Question Papers of MAHA SET Exam is tough as compared to UGC NET Exam question paper. Syllabus of MAHA SET Exam and UGC NET exam is similar. You can refer MAHA SET Commerce syllabus for 2025 here.

1. Advance estimates date of national accounts for the year is released by:

(A) SEBI.

(B) CSO.

(C) RBI.

(D) ISI.

Ans: (B) CSO.

2. C.I.I. stands for ________.

(A) Committee of Indian Industry.

(B) Commission for Indian Industry.

(C) Confederation of Indian Industry.

(D) Conglomeration of Indian Industry.

Ans: (C) Confederation of Indian Industry.

3. Which of the following is not a major universal environmental problem?

(A) Global warming.

(B) Ozone depletion.

(C) Soil erosion.

(D) Garbage management.

Ans: (D) Garbage management.

4. Banking sector reforms have not lead to ________.

(A) Attractive deposit avenues.

(B) Reduction in NPA.

(C) Easier credit terms.

(D) Better service.

Ans: (B) Reduction in NPA.

5. VAT was introduced to replace ________.

(A) Income Tax.

(B) Sales Tax.

(C) Custom Duty.

(D) Excise Duty.

Ans: (B) Sales Tax.

6. Window Dressing of Accounts is prohibited by ________.

(A) Generally Accepted Accounting Principles.

(B) Cost Principle.

(C) Entity Principle.

(D) Matching Principle.

Ans: (A) Generally Accepted Accounting Principles.

7. Payment of customs duty on import of a machinery for modernization of the factory during the current year is a ________.

(A) Capital Expenditure.

(B) Revenue Expenditure.

(C) Deferred-Revenue Expenditure.

(D) Unproductive Expenditure.

Ans: (A) Capital Expenditure.

8. In case the shares are forfeited, Capital Account is debited by ________.

(A) Nominal value of shares.

(B) Paid up amount on shares.

(C) Called up amount on shares.

(D) Uncalled amount on shares.

Ans: (C) Called up amount on shares.

9. Long term solvency of business is indicated by ________.

(A) Debt Equity Ratio.

(B) Liquidity Ratio.

(C) Capital Gearing Ratio.

(D) Current Ratio.

Ans: (A) Debt Equity Ratio. (C) Capital Gearing Ratio.

10. The Break-Even Analysis may be described as ________.

(A) Production and Sales Equation.

(B) Comparison between Budget and Actual utilisation.

(C) Sales and Total Costs Equation.

(D) Capacity Level Equation.

Ans: (C) Sales and Total Costs Equation.

11. Which one of the following is not a determinant of a demand for a particular commodity?

(A) Market price.

(B) Price expectations.

(C) Income of buyers.

(D) Technology.

Ans: (D) Technology.

12. If a business firm sells all its units of output at single uniform price, then its:

(A) AR = MR.

(B) AR > MR.

(C) MR > AR.

(D) MR < AR.

Ans: (A) AR = MR.

13. ‘Price Leadership’ is a salient feature of:

(A) Monopoly.

(B) Duopoly.

(C) Oligopoly.

(D) Monopolistic competition.

Ans: (C) Oligopoly.

14. In the long run, all firms in the perfectly competitive market get:

(A) Supernormal profit.

(B) Book profit.

(C) Excess profit.

(D) Normal profit.

Ans: (D) Normal profit.

15. The law of variable proportion of production is applicable in:

(A) Long period.

(B) Market period.

(C) Short period.

(D) Very long period.

Ans: (C) Short period.

16. Statistics is concerned with ________.

(A) Quantitative data.

(B) Qualitative data.

(C) Both (A) and (B).

(D) (A) or (B).

Ans: (C) Both (A) and (B).

17. Sex ratio in a country almost remains the same due to law of ________.

(A) Persistence.

(B) Validity.

(C) Inertia of large numbers.

(D) Statistical regularity.

Ans: (C) Inertia of large numbers.

18. Tally marks determine ________.

(A) Class width.

(B) Class frequency.

(C) Class boundary.

(D) Class limit.

Ans: (B) Class frequency.

19. Skewness arises due to ________.

(A) Symmetry.

(B) Asymmetry.

(C) Dispersion.

(D) Fluctuation.

Ans: (B) Asymmetry.

20. The extent and the nature of linear relation is known by coefficient of ________.

(A) Correlation.

(B) Variation.

(C) Regression.

(D) Determination.

Ans: (A) Correlation.

21. Strategy is a component of:

(A) Directing.

(B) Planning.

(C) Organising.

(D) Coordinating.

Ans: (B) Planning.

22. Decentralisation of authority is a form of:

(A) Organisation structure.

(B) Planning mechanism.

(C) Direction.

(D) Control Process.

Ans: (A) Organisation structure.

23. The Managerial Grid model was developed by:

(A) Fiedler.

(B) Hersey and Blanchard.

(C) Tannenbaum and Schmidt.

(D) Blake and Mouton.

Ans: (D) Blake and Mouton.

24. Find the odd one out.

The steps involved in the communication process are:

(A) Encoding.

(B) Idea generation.

(C) Strategy formulation.

(D) Decoding.

Ans: (C) Strategy formulation.

25. Which one of the following is not Fayol’s principle of management?

(A) Delegation of Authority.

(B) Unity of Direction.

(C) Scalar Chain.

(D) Unity of Command.

Ans: (A) Delegation of Authority.

26. Marketing means meeting the needs of ________ profitably.

(A) Distributors.

(B) Suppliers.

(C) Customers.

(D) Government.

Ans: (C) Customers.

27. A market segment is a meaningful buyers’ group having ________wants.

(A) Similar.

(B) Dissimilar.

(C) Unique.

(D) Different.

Ans: (A) Similar.

28. Which of the following factors is not included in the macro-environmental factors?

(A) Economic.

(B) Technological.

(C) Organisational.

(D) Cultural.

Ans: (C) Organisational.

29. The value of a brand expressed in terms of money is referred as ________.

(A) Brand Equity.

(B) Brand Loyalty.

(C) Brand Personality.

(D) Brand Image.

Ans: (A) Brand Equity.

30. Which of the following factors is not the external factor influencing the pricing decision?

(A) Competitive Prices.

(B) Government Taxes.

(C) Organisational Objectives.

(D) Consumer Expectations.

Ans: (C) Organisational Objectives.

31. While evaluating capital investment proposals, the time value of money is considered in case of:

(A) Pay back method.

(B) Discounted cash flow method.

(C) Accounting Rate of Return method (ARR).

(D) All of the above.

Ans: (B) Discounted cash flow method.

32. Which of the following sources is not short term source of Net Working Capital?

(A) Trade Creditors.

(B) Credit Papers.

(C) Bank Overdraft.

(D) Term Loans.

Ans: (D) Term Loans.

33. The M.M. Hypothesis is based on one of the following assumptions?

(A) Existences of taxes.

(B) Irrational behaviour of investors.

(C) Existence of perfect capital market.

(D) Existence of risk and uncertainty.

Ans: (C) Existence of perfect capital market.

34. The project’s cost of capital is the ________ rate of return on the funds committed to project.

(A) Market.

(B) Minimum.

(C) Optimum.

(D) Maximum.

Ans: (B) Minimum.

35. The term capital structure refers to proportionate relationship between:

(A) Assets and Liabilities.

(B) Non-current assets and Non-current liabilities.

(C) Debt and Equity.

(D) Equity and preference share capital.

Ans: (C) Debt and Equity.

36. Transaction Analysis technique was developed by:

(A) Mayo.

(B) Drucker.

(C) Berne.

(D) Herzberg.

Ans: (C) Berne.

37. Providing crèches in factories employing more than ________ women is compulsory under the Factories Act.

(A) 100.

(B) 250.

(C) 300.

(D) 500.

Ans: No option is correct or the question is wrong.

38. Which one of the following is a Personality Test?

(A) Aptitude Test.

(B) Achievement Test.

(C) Interest Test.

(D) Intelligence Test.

Ans: No option is correct or the question is wrong.

39. It is obligatory on the part of the employer to provide canteen in establishments which employ more than ________ workers.

(A) 250.

(B) 500.

(C) 100.

(D) 300.

Ans: (A) 250.

40. Application Blank does not serve which of the following purposes?

(A) Provides candidate’s formal introduction.

(B) Provides data regarding job performance of a candidate.

(C) Provides data in uniform formats.

(D) Generates data which can serve as a basis for dialogue during the interview.

Ans: (B) Provides data regarding job performance of a candidate.

41. In India a bank is classified as scheduled bank if:

(A) It is listed on stock exchange.

(B) It has minimum 1000 branches.

(C) It is included in the second schedule of RBI Act, 1934.

(D) It has deposits of Rs. 1 crore and above.

Ans: (C) It is included in the second schedule of RBI Act, 1934.

42. Rationing of credit is an instrument of:

(A) Open market operations.

(B) Selective credit controls.

(C) Quantitative credit controls.

(D) Credit creation.

Ans: (B) Selective credit controls.

43. Which of the following institutions is called as ‘Lender of last resort’ with reference to banks in India?

(A) NABARD.

(B) SEBI.

(C) RBI.

(D) SBI.

Ans: (C) RBI.

44. Narasimham Committee (I) recommended to reduce SLR in five years from the level of 38.5% to:

(A) 20%.

(B) 35%.

(C) 25%.

(D) 15%.

Ans: (C) 25%.

45. The wholly owned subsidiary of SIDBI is:

(A) SBI.

(B) RRB.

(C) MUDRA.

(D) RBI.

Ans: (C) MUDRA.

46. International Bank for Reconstruction and Development is popularly known as:

(A) EXIM Bank.

(B) World Bank.

(C) International Monetary Fund.

(D) International Bank of Finance.

Ans: (B) World Bank.

47. Which of the following will have least impact on International Business?

(A) Political Policies.

(B) Fiscal Policies.

(C) Economic Policies.

(D) Judicial Policies.

Ans: (D) Judicial Policies.

48. Which of the following is not a component of Balance of Payment Statement?

(A) Current A/c.

(B) Profit & Loss A/c.

(C) Capital A/c.

(D) Official Reserve A/c.

Ans: (B) Profit & Loss A/c.

49. Capital account of a Balance of Payment does not include:

(A) Loans.

(B) Investments.

(C) Other transfer of Financial Assets.

(D) Future Agreements.

Ans: (D) Future Agreements.

50. Which Conference gave birth to IMF?

(A) Uruguay Conference.

(B) Doha Conference.

(C) Bretton Woods Conference.

(D) Geneva Conference.

Ans: (C) Bretton Woods Conference.