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NET DEC 2015 : commerce peper II (UGC NET, Delhi )

24 pages, 100 questions, 0 questions with responses, 0 total responses,

Tanaji Sawant
Savitribai Phule Pune University (SPPU), Pune
M.COM NET SET

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Signature and Name of Invigilator OMR Sheet No. : .......................................................... (To be filled by the Candidate) 1. (Signature) Roll No. (Name) (In figures as per admission card) 2. (Signature) (Name) D0 8 1 5 Time : 1 hours] Roll No. PAPER - II COMMERCE Number of Pages in this Booklet : 24 Instructions for the Candidates !D-0815-PAPER-II! [Maximum Marks : 100 Number of Questions in this Booklet : 50 1. Write your roll number in the space provided on the top of this page. 2. This paper consists of fifty multiple-choice type of questions. 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given. (iii) After this verification is over, the Test Booklet Number should be entered on the OMR Sheet and the OMR Sheet Number should be entered on this Test Booklet. 4. Each item has four alternative responses marked (1), (2), (3) and (4). You have to darken the circle as indicated below on the correct response against each item. where (3) is the correct response. Example : 5. Your responses to the items are to be indicated in the OMR Sheet given inside the Booklet only. If you mark your response at any place other than in the circle in the OMR Sheet, it will not be evaluated. 6. Read instructions given inside carefully. 7. Rough Work is to be done in the end of this booklet. 8. If you write your Name, Roll Number, Phone Number or put any mark on any part of the OMR Sheet, except for the space allotted for the relevant entries, which may disclose your identity, or use abusive language or employ any other unfair means, such as change of response by scratching or using white fluid, you will render yourself liable to disqualification. 9. You have to return the original OMR Sheet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. You are however, allowed to carry original question booklet and duplicate copy of OMR Sheet on conclusion of examination. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table etc., is prohibited. 12. There are no negative marks for incorrect answers. 13. In case of any discrepancy in the English and Hindi versions, English version will be taken as final. D-0815 (In words) 1 U DU U S U U U U - U U U, - S U U U - S , U (i) - S S U U S U U- U S S U U (ii) U DU U U U - S DU U U U U U U S DU/ U U U U U S S U U U U U S U U - S U U - S U UQ (iii) - S U OMR U U U U OMR U - S U U 4. U U (1), (2), (3) (4) U U U U U (3) U 5. U S U OMRU U U OMRU U S U U U , U 6. U U 7. (Rough Work) S DU U U 8. OMR U S , U U, U q , U U , U , U U S U 9. U # U OMR U U U U U # U U U U # U - S OMR U U 10. / U Z U S U 11. U ( U U) U U 12. U U 13. U , U 1. 2. 3. P.T.O. COMMERCE PAPER - II Note : 1. This paper contains fifty (50) objective type questions of two (2) marks each. All questions are compulsory. Environmental degeneration does not consist of : (1) (2) Problem of over grazing and ecological degeneration (3) Floods (4) 2. Land degeneration and soil erosion None of the above Which of the following is not the main objective of Fiscal Policy of India ? (1) (2) To promote price stability (3) To minimize the in-equality in income and wealth (4) 3. To increase liquidity in economy To promote employment opportunities Liberalization means : (1) (2) Liberating the industry, trade and economy from unwanted restriction (3) Opening up economy to the world by attaining international competitiveness (4) 4. Reducing number of reserved industries from 17 to 8 Free determination of interest rate Assertion (A) : Industrialization of an economy is considered synonymous with growth. Reasoning (R) : The transfer of resources from agrarian to industrial may be capital or labour or both. Codes : (1) (2) Both (A) and (R) are true but (R) is not the correct explanation of (A). (3) (A) is true but (R) is false. (4) 5. Both (A) and (R) are true and (R) is correct explanation of (A). (A) is false but (R) is true. Globalization is the term used to describe process of removal of restriction on which one of the following ? (1) Foreign trade (2) Investment (3) Both (1) and (2) (4) None of the above D-0815 !D-0815-PAPER-II! 2 Paper-II - - II - (50) - U (2) 1. U O (1) O ^ (2) U U S O (3) (4) U 2. - U U g ? (1) S U h (2) S U (3) U (4) U U U U 3. U U (1) U l 17 U U 8 U (2) l , U U - S S U (3) U c U S U - S (4) U S U U 4. (R) : U (1) (2) (3) (4) 5. (A) : S l U h l S U (A) U (R) U (A) (R) (A) U (R) U (A) (R) (A) U (R) (A) U (R) U U U U U ? (1) U (2) (3) (1) U (2) (4) U D-0815 !D-0815-PAPER-II! 3 Paper-II 6. Interest on loan taken for the purchase of fixed assets is a : (1) (2) Capital Expenditure (3) 7. Revenue Expenditure Deferred Revenue Expenditure (4) Capital Loss Dual Aspect Concept results in the following accounting equation : (1) (2) Capital1Profits5Assets1Expenses (3) 8. Revenue5Expenses Capital1Liabilities5Assets (4) Capital1Drawings5Owner s Equity Match the items in Column - 1 with the items in Column - 2 : Column - 1 Column - 2 (a) Materiality Concept (i) The same accounting method used by a firm from one period to another (b) Going Concern Concept (ii) An inappropriate assumption of a firm being bankrupt (c) Historical Cost Concept (iii) A normal basis used for accounting assets (d) Consistency Concept (iv) Relates to the importance of an item or event Codes : (a) (c) (d) (1) (iv) (ii) (iii) (i) (2) (i) (ii) (iii) (iv) (3) (ii) (iii) (iv) (i) (4) 9. (b) (iv) (ii) (i) (iii) X Ltd. has a liquid ratio of 2 : 1. If its stock is ` 40,000 and its current liabilities are of ` 1 Lac, its current ratio will be : (1) 10. 1.4 times (2) 2.4 times (3) 1.2 times 3.4 times Comparison of the financial statements of the current year with the performance of previous years of the same firm , is known as : (1) Trend Analysis (2) Horizontal Analysis (3) 11. (4) Intra - firm comparison (4) All of the above The Marshallian utility analysis is based on a less valid assumption of : (1) cardinal measurability of the utility (2) given marginal utility of money (3) diminishing marginal utility of the goods (4) additivity of the utility D-0815 !D-0815-PAPER-II! 4 Paper-II 6. S U U (1) (2) (3) S (4) - 7. U m U U (1) 5 (2) 1 5 1 (3) 1 5 (4) 1 U 5S 8. - 1 - 2 - 1 - 2 (a) U U (i) m U Z h U U (b) U (ii) (c) U (iii) U (d) M U (iv) U U U (1) (2) (3) (4) (a) (iv) (i) (ii) (iv) (b) (ii) (ii) (iii) (ii) (c) (iii) (iii) (iv) (i) (d) (i) (iv) (i) (iii) U U U 2 : 1 U ` 40,000 ` 1 , (1) 1.4 (2) 2.4 (3) 1.2 (4) 3.4 9. X 10. U U Z c (1) (2) (3) U - (4) 11. U U (1) (2) (3) S O (4) D-0815 !D-0815-PAPER-II! 5 Paper-II 12. Match the items of the List - I with those of the List - II List - I (a) Convexity of the indifferences curve to origin (i) (b) Quantity of certain goods sacrificed for a (ii) large quantity of other goods (c) Equality of the ratio of the marginal (iii) utilities with that of the prices of the two goods (d) Separation of substitution and income (iv) effects from the total price effect Codes : (a) (b) (c) (d) (1) (iv) (ii) (i) (iii) (2) (iii) (iv) (ii) (i) (3) (iii) (i) (iv) (ii) (4) (i) (iii) (ii) (iv) and indicate the correct code : List - II Indifference curve analysis Consumer s equilibrium Substitutability/complementarity of the two goods Marginal rate substitution 13. Firms producing and selling a large variety of goods will generally follow : (1) Cost plus pricing (2) Marginal pricing (3) Skimming pricing (4) Product line pricing 14. For the following two statements of Assertion (A) and Reasoning (R) indicate the correct code : Assertion (A) : All firms under perfect competition in long run earn only normal profit. Reasoning (R) : All firms under perfect competition in long run operate at the minimum average cost level. Codes : (1) (A) and (R) both are correct. (2) (A) is correct but (R) is not correct. (3) (A) is not correct but (R) is correct. (4) (A) and (R) both are incorrect. 15. Match the items of List - I with those of List - II and indicate the correct code : List - I List - II (a) Substitute Goods (i) Negative Cross Elasticity (b) Complementary Goods (ii) Low Price Elasticity (c) Giffen Goods (iii) Positive Cross Elasticity (d) High Income Group Consumption Goods (iv) Positive Price Elasticity Codes : (a) (b) (c) (d) (1) (iii) (iv) (ii) (i) (2) (iii) (i) (iv) (ii) (3) (ii) (iii) (i) (iv) (4) (i) (ii) (iii) (iv) D-0815 !D-0815-PAPER-II! 6 Paper-II 12. - I - II U - I - II (i) US (a) US U (b) S S (ii) S (c) S (iii) S S / U U U (d) S (iv) S U U (1) (2) (3) (4) (a) (iv) (iii) (iii) (i) (b) (ii) (iv) (i) (iii) (c) (i) (ii) (iv) (ii) (d) (iii) (i) (ii) (iv) 13. S S S U Z (1) (2) (3) (4) 14. (A) (R) U (A) : Z U (R) : Z S U U U U (1) (A) (R) (2) (A) (R) (3) (A) (R) (4) (A) (R) 15. - I - II U - I - II (a) S S (i) (b) U S (ii) (c) S (iii) (d) S (iv) U (1) (2) (3) (4) D-0815 (a) (iii) (iii) (ii) (i) (b) (iv) (i) (iii) (ii) (c) (ii) (iv) (i) (iii) (d) (i) (ii) (iv) (iv) !D-0815-PAPER-II! 7 Paper-II 16. Which one of the following is not a method of studying association of attributes ? (1) (2) Proportion Method (3) 17. Concurrent Deviation Method Yule s Method (4) Coefficient of Contingency Identify which of the following steps would be included in hypothesis testing : (a) State the null and alternative hypothesis. (b) Set the significance level before the research study. (c) Eliminate all outliers. (d) Obtain the probability value using a computer program such as SPSS. (e) Compare the probability value to the significance level and make the statistical decision. Codes : (1) (2) (c), (d), and (e) (3) 18. (a), (c) and (d) (a), (b), (d) and (e) (4) (b), (c), (d) and (e) Select the methods of finding out correlation from the following : (a) Karl Pearson s Method (b) Spearman s Rank Method (c) Yule s Method (d) Coefficient of Contingency (e) Concurrent Deviation Method Codes : (1) (2) (a), (b), (c), (d) (3) 19. (a), (b), (c) (a), (b), (e) (4) (c), (d), (e) A set of data can be distinguished from other set of data by means of : (1) (2) Central value, dispersion and skewness (3) Central value, dispersion, skewness and Kurtosis (4) 20. Central value and dispersion None of the above The advent of computers in research has led to : (1) Limitations of options in analysis (2) Tremendous amount of flexibility with marginal increase in cost (3) Myopic exposure of statistics to the researcher (4) None of the above D-0815 !D-0815-PAPER-II! 8 Paper-II 16. - - ? (1) (2) (3) (4) U 17. U U U ? (a) U (b) S U S (c) s U (d) . . . . U U (e) S U U U U (1) (a), (c) U (d) (2) (c), (d), U (e) (4) (b), (c), (d) U (e) (3) (a), (b), (d) U (e) 18. - (a) U (b) S U U (c) (d) U (e) U (1) (3) (a), (b), (c) (a), (b), (e) (2) (4) (a), (b), (c), (d) (c), (d), (e) 19. U U U U ? (1) U (2) , U (3) , , U U (4) U 20. U U __________ (1) U (2) h (3) U (4) U D-0815 !D-0815-PAPER-II! 9 Paper-II 21. Who among the following is not related to the planning function given by Taylor ? (1) (2) Time and cost clerk (3) 22. Route clerk Inspector (4) Disciplinarian Match the following : (Book) (Author) (a) Functions of the Executive (i) Charles Babbage (b) On the Economy of Machinery and Manufactures (ii) Henri Fayol (c) The Effective Executive (iii) Chester Barnard (d) General and Industrial Administration (iv) Peter Drucker Codes : (a) (c) (d) (1) (i) (ii) (iii) (iv) (2) (iii) (i) (iv) (ii) (3) (iv) (iii) (i) (ii) (4) 23. (b) (iii) (iv) (i) (ii) The classical organisation theory treats organisation as a/an : (1) (2) Closed system (3) 24. Open system Technical system (4) Macro system Which of the following is a systematic interactive forecasting method that relies on a panel of experts ? (1) (2) Game theory (3) 25. Pay-off matrix Queing theory (4) Delphi technique According to Hersey and Blanchard s situational approach to leadership, the participating style of leadership has : (1) High task and low relationship orientation (2) High task and high relationship orientation (3) Low task and high relationship orientation (4) Low task and low relationship orientation D-0815 !D-0815-PAPER-II! 10 Paper-II 21. U U m U c U Z ? (1) (2) U U S U (3) 22. M U S U U (4) U U ( S ) ( ) (a) $ U (i) (b) U U U (ii) U (c) U $ U (iii) S U U U U (d) U U S U U S U (iv) U U U U U (a) (c) (d) (1) (i) (ii) (iii) (iv) (2) (iii) (i) (iv) (ii) (3) (iv) (iii) (i) (ii) (4) 23. (b) (iii) (iv) (i) (ii) U U U h U (1) (2) S (3) 24. S S (4) c U S - S U U U ? (1) (2) h (3) 25. - U h (4) U U U S U (1) (2) (3) (4) D-0815 !D-0815-PAPER-II! 11 Paper-II 26. Which of the following is not a reason for the failure of new products ? (1) (2) Correctly positioned new product, not promoted effectively or overpriced. (3) Development costs are lower than or equal to estimated or expected. (4) 27. Good idea but overestimated market size. Competitors fight back harder than expected. Which one of the following is true for the calculation of overall market share ? (1) (2) (Customer loyalty)3(Customer selectivity)3(Price selectivity) (3) (Customer selectivity)3(Price selectivity)3(Customer penetration) (4) 28. (Customer penetration)3(Customer loyalty)3(Price selectivity) (Customer penetration)3(Customer loyalty)3(Customer selectivity)3(Price selectivity) __________ is wielded by a manufacturer that threatens to withdraw a resource or terminate a relationship if intermediaries fail to cooperate. (1) (2) Legitimate Power (3) 29. Coercive Power Expert Power (4) Reference Power When the consumers favour those products which offer the most quality, performance or innovative features, then it is called as : (1) (2) Product concept (3) 30. Production concept Sales concept (4) Marketing concept Match the items of List - I with List - II where the PLC curve patterns are given for different categories : List - I List - II (a) Product category (i) One of several variant shapes (b) Product forms (ii) Longest PLC (c) Products (iii) Standard PLC (d) Branded Products (iv) Short or long PLC Codes : (a) (b) (c) (d) (1) (iii) (iv) (ii) (i) (2) (i) (ii) (iv) (iii) (3) (iv) (ii) (i) (iii) (4) (ii) (iii) (i) (iv) D-0815 !D-0815-PAPER-II! 12 Paper-II 26. - U ? (1) U U U U U (2) S , U U U (3) U U (4) L 27. $ U - ? (1) ( )3( c U )3( U ) (2) ( c U )3( U )3( U ) (3) ( U )3( U )3( ) (4) ( )3( c U )3( U )3( U ) 28. U U S U U (1) U (2) (3) (4) 29. , c U , (1) U (2) U (3) U (4) U 30. - I - II U . . . M - I - II (a) U (i) U M (b) M (ii) . . . (c) (iii) . . . (d) U U (iv) . . . U __________ (1) (2) (3) (4) D-0815 (a) (iii) (i) (iv) (ii) (b) (iv) (ii) (ii) (iii) (c) (ii) (iv) (i) (i) (d) (i) (iii) (iii) (iv) !D-0815-PAPER-II! 13 Paper-II 31. The term capital structure implies : (1) (2) Share Capital1Long and Short-Term Debts (3) Share Capital1Long-Term Debts (4) 32. Share Capital1Reserves1Long-Term Debts Equity and Preference Share Capital A company has issued 10 percent perpetual debt of ` 1 lac at 5 percent premium. If tax rate is 30 percent, then the cost of debt will be : (1) (2) 15 percent (3) 33. 10 percent 6.66 percent (4) 8.21 percent Dividend is not relevant in determining the value of the company . Who among the following held this opinion ? (1) (2) Ezra Soloman (3) 34. J.E. Walter Modigliani-Miller (4) M.J. Gordon The formula Q is used to compute the : 2 (1) (2) Total carrying cost (3) 35. Total ordering cost Opportunity cost (4) Re-order point Financial Leverage is measured by : (1) 36. EBIT EAT (2) EBIT EBT (3) EAIT EBT (4) Which of the following is a key role of HR Manager as defined by Ulrich et al (2009) ? (1) Personnel Administrator (2) Business Ally (3) 37. C EBIT Payroll Advisor (4) Organizational Geographer Which of the following is the most serious problem that might arise due to excessive reliance on internal recruitment ? (1) reduced job performance (2) high labour turnover (3) lack of motivation (4) internal resistance D-0815 !D-0815-PAPER-II! 14 Paper-II 31. (1) 1 1 (2) 1 (3) 1 (4) 32. 5 10 ` 1 U U 30 - (1) 10 (2) 15 (3) 6.66 (4) 8.21 33. U ? (1) . . U U (2) U (3) U (4) . . U 34. Q 2 (1) (3) 35. U U (2) (4) U U (1) . . . . . . . (2) . . . . . . . (3) . . . . . . . (4) . . . . . 36. U U (2009) m U U . U. - ? (1) (2) U (3) U (4) U 37. - U S U U ? (1) c (2) (3) U (4) U U D-0815 !D-0815-PAPER-II! 15 Paper-II 38. Match the methods of performance appraisal given in List - I with the explanations given in the List - II : List - I List - II (a) Behaviourally Anchored Rating Scale (BARS) (i) Evaluator keeps a log of critical incidents to evaluate performance (b) Management By Objectives (MBO) (ii) Evaluator indicates on a scale how often the appraise was actually observed engaging in the specific behaviours already identified (c) Critical incident method (iii) Evaluator rates on the scale described in the form of critical incidents (d) Behaviour observation scale (iv) Systematic and organized approach that allows management to focus on achievable goals Codes : (a) (c) (d) (1) (ii) (iv) (i) (iii) (2) (i) (iv) (ii) (iii) (3) (iii) (iv) (i) (ii) (4) 39. (b) (ii) (i) (iv) (iii) The internal factors affecting the wage mix include : (a) Relative worth of the job (b) Area wage rates (c) Employer s ability to pay (d) Manpower market conditions Codes : (1) (a), (b) and (c) (2) (a) and (c) (3) (b), (c) and (d) (4) All of the above D-0815 !D-0815-PAPER-II! 16 Paper-II 38. - I, c , - II, , - II - I (a) U U U U U S ( . . U. .) (i) U U U U U c U (b) m U ( . . .) (ii) U U c U U U (c) U U (iii) U U h U U U M (d) U (iv) S U U U U (a) (c) (d) (1) (ii) (iv) (i) (iii) (2) (i) (iv) (ii) (iii) (3) (iii) (iv) (i) (ii) (4) 39. (b) (ii) (i) (iv) (iii) $ U U U U (a) (b) $ U U (c) U (d) $ U U S U (1) (a), (b) U (c) (2) (a) (3) (b), (c) U (d) (4) U D-0815 !D-0815-PAPER-II! 17 U (c) Paper-II 40. Match the items of List - I with the items of List - II : List - I List - II (a) Giri Approach (i) The utility of non-violence as the means of conflict resolution. (b) Industrial Sociology Approach (ii) Organizations are made up of people and the success of management lies in its dealing with these people. (c) Gandhian Approach (iii) Voluntary negotiations between employers and employees are a means of settling disputes. (d) Human Relations Approach (iv) Investigating the underlying trends and patterns in the cause and effect of industrial disputes. Codes : (a) (c) (d) (1) (ii) (iii) (i) (iv) (2) (iii) (iv) (i) (ii) (3) (i) (iii) (ii) (iv) (4) 41. (b) (i) (ii) (iv) (iii) Assertion (A) : Taking of deposits and granting of loans single out banks. Reasoning (R) : Banks act as intermediaries when they mobilize savings from surplus units to shortage units in order to finance productive activities. Codes : (1) (2) Both Assertion (A) and Reasoning (R) are correct but (R) is not the correct explanation of (A). (3) Assertion (A) is correct but Reasoning (R) is incorrect. (4) 42. Assertion (A) is correct and Reasoning (R) is the correct explanation of (A). Reasoning (R) is correct but Assertion (A) is incorrect. Skimming in e-banking refers to : (1) Identifying fraudsters copying vital information from credit cards (2) Multiple transactions by one credit card (3) Conversion of a debit card into credit card (4) None of the above D-0815 !D-0815-PAPER-II! 18 Paper-II 40. - I - II - II - I (a) U (i) M (b) l S (ii) U U U U (c) (iii) U S (d) - (iv) l U U U S M U (a) (b) (c) (d) (1) (ii) (iii) (i) (iv) (2) (iii) (iv) (i) (ii) (3) (i) (iii) (ii) (iv) (4) (i) (ii) (iv) (iii) (A) : S U U U c U (R) : 41. U U S U U U (1) (2) (A) U (R) U (A) (R) (3) (A) U (R) (4) 42. (A) U (R), (A) (R) U (A) - S (1) U U U U U U (2) U U U U (3) U U U U U U U (4) U D-0815 !D-0815-PAPER-II! 19 Paper-II 43. Match the items of List - I with List - II in terms of functions of a bank : List - I List - II (Activities) (Functions) (a) Underwriting (i) Primary Functions (b) Transfer of funds (ii) Granting Advances (c) Overdraft (iii) Utility Functions (d) Recurring Deposits (iv) Agency Functions Codes : (a) (c) (d) (1) (i) (ii) (iv) (iii) (2) (iv) (iii) (ii) (i) (3) (iii) (iv) (ii) (i) (4) 44. (b) (ii) (iv) (iii) (i) Which among the following is not a subsidiary of Reserve Bank of India ? (a) Deposit Insurance and Credit Gaurantee Corporation of India. (b) Bharatiya Reserve Bank Note Mudran Private Limited. Codes : (1) (2) Only (b) (3) 45. Only (a) Both (a) and (b) (4) Neither (a) nor (b) Which among the following is not associated with NABARD ? (a) NIEAF (b) BIRD (c) RIDF (d) SHPI Codes : (1) (2) (b) only (3) 46. (a) only (b) and (c) only (4) None of the above Examine the following statements and choose the correct code : Statement - (I) : Companies with Low cash reserves normally prefer Licensing mode rather than Foreign Direct Investment. Statement - (II) : Cash rich firms normally prefer Foreign Direct Investment. Codes : (1) Both (I) and (II) are correct (2) Both (I) and (II) are wrong (3) (I) is correct but (II) is wrong (4) (I) is not correct but (II) is correct D-0815 !D-0815-PAPER-II! 20 Paper-II 43. Z - I - II - I - II ( ) ( ) (a) (i) (b) S U (ii) U (c) (iii) (d) (iv) U (1) (2) (3) (4) (a) (i) (iv) (iii) (ii) (b) (ii) (iii) (iv) (iv) (c) (iv) (ii) (ii) (iii) (d) (iii) (i) (i) (i) 44. U U S ? (a) U (b) U U U U U U U (1) (a) (2) (b) (4) (a) U (b) (3) (a) U (b) 45. - U ? (a) . . . . . (b) . . U. U . (c) U. . U . . U (1) (a) (2) (b) (3) (b) U (c) (4) U 46. (d) . . . . U U U U S U - (I) : U - (II) : U (1) (I) U (II) (2) (I) U (II) (3) (I) U (II) (4) (I) U (II) D-0815 !D-0815-PAPER-II! 21 Paper-II 47. Which one of the following is not a feature of Business Process Outsourcing (BPO) ? (1) (2) It improves process and saves money (3) It decreases organizational capabilities (4) 48. It enables executives to concentrate on strategy None of the above The major outcome of the Bretton Woods Conference was : (1) (2) Establishment of IBRD and IFC (3) 49. Establishment of IMF and IFC Establishment of IBRD and ADB (4) Establishment of IMF and IBRD Which one of the following is an important activity of the World Bank borrowings ? (1) (2) It borrows on currency on swap agreements (3) It borrows under the discount net programme (4) 50. It borrows in the international capital market All of the above Which one of the following statements is false ? (1) IFC was established in July 1956 (2) IFC encourages the growth and development of Public Sector Enterprises in member countries (3) IFC is an affiliate of the World Bank (4) IFC encourages the growth of productive private enterprises in member countries -o0o- D-0815 !D-0815-PAPER-II! 22 Paper-II 47. - U U Z ( . . .) ? (1) U U U (2) U U U (3) U U (4) U 48. U U (1) . . . U . . . S (2) . . U. U . U . . . S (3) . . U. U . U . U . . S (4) . . . U . . U. U . S 49. - U ? (1) U c U U U (2) - U U (3) h ^ U (4) U 50. - ? (1) . . . S , 1956 (2) . . . S - h U (3) . . . h (4) . . . S - h U U -o0o- D-0815 !D-0815-PAPER-II! 23 Paper-II Space For Rough Work D-0815 !D-0815-PAPER-II! 24 Paper-II

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