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UGC NET DEC 2005 :COMMERCE PAPER II

16 pages, 100 questions, 39 questions with responses, 39 total responses,    0    0
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Signature and Name of Invigilator Answer Sheet No. : ................................................ (To be filled by the Candidate) 1. (Signature) Roll No. (Name) (In figures as per admission card) Roll No. 2. (Signature) (In words) (Name) Test Booklet No. D 0 8 0 5 PAPER II COMMERCE Time : 1 hours] Number of Pages in this Booklet : 16 [Maximum Marks : 100 Number of Questions in this Booklet : 50 U Instructions for the Candidates 1. Write your roll number in the space provided on the top of this page. 1. U DU U S U U U U 2. This paper consists of fifty multiple-choice type of questions. 3. U U U, - S U U U 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) 2. - - S U (i) - S U U U U S U U- U S S U U (ii) 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. 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 (ii) (iii) 4. 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. After this verification is over, the Serial No. of the booklet should be entered in the Answer-sheets and the Serial No. of Answer Sheet should be entered on this Booklet. (iii) - S R U- U Each item has four alternative responses marked (A), (B), (C) and (D). You have to darken the oval as indicated below on the correct response against each item. 4. U U (A), (B), (C) (D) Example : A B C U U U U- R - S U U U U U U U D where (C) is the correct response. 5. Read instructions given inside carefully. 7. Rough Work is to be done in the end of this booklet. 8. If you write your name or put any mark on any part of the test booklet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 9. C D U U U S U U U , U 6. U U 7. (Rough Work) S DU U U 8. U- S U , U U U U 9. U # U U- S U U U U U # U U U You have to return the test question booklet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. / U Z U S U U ( U U) U U 12. U U 10. 10. Use only Blue/Black Ball point pen. 11. 11. Use of any calculator or log table etc., is prohibited. 12. There is NO negative marking. D 0805 B 5. U U I U U- U Your responses to the items are to be indicated in the Answer Sheet given inside the Paper I booklet only. If you mark at any place other than in the ovals in the Answer Sheet, it will not be evaluated. 6. A ( C) U 1 P.T.O. COMMERCE PAPER II Note : This paper contains fifty (50) objective-type questions, each question carrying two (2) marks. Attempt all of them. 1. __________ is a permanent inter-governmental body governing and regulating international trade in goods and services. (A) G.A.T.T. (B) EXIM Bank (C) W.T.O. (D) I.M.F. 2. Fiscal deficit in the Union Budget means : (A) The sum of budgetary deficit and net increase in internal and external borrowings (B) The difference between current expenditure and current revenue (C) The sum of monetised deficit and budgetary deficit (D) Net increase in Union Government borrowings from the Reserve Bank of India 3. The objective of __________ is to achieve growth with equity . (A) The Ninth Plan (B) The Tenth Plan (C) The Eighth Plan (D) The Seventh Plan 4. The significant development in the sphere of foreign exchange was the introduction of __________ . (A) Foreign Exchange Regulation Act (FERA) (B) Foreign Exchange Management Act (FEMA) (C) The Export-Import Policy, 2005-06 (D) EXIM Bank 5. The term industrial policy refers to : (A) the rules and regulations relating to the establishment of industrial undertakings and their expansion (B) remove the structural, financial, fiscal, administrative, infra structure related impediments to the efficient functioning of a market oriented economy (C) the culmination of liberalisation programme (D) increase the efficiency of public sector undertakings 6. Who are the customers of cost and management accounting ? (A) Managers (B) Creditors (C) Lenders (D) 7. Which of the following is an efficiency ratio ? (A) Price-Earning Ratio (B) Debt-Equity Ratio (C) Acid-Test Ratio (D) Average collection period D 0805 2 Consumers II U (50) S D (2) U 1. __________ S c S - (A) 2. (GATT) (B) (C) / . (D) h (B) (C) (D) m h __________ g h (A) 4. . . - (A) 3. (D) (B) (C) (A) (B) - ( ) (C) 5. - ( ) - , 2005-06 (D) l (A) l S S (B) , , , - (C) (D) 6. D ? (A) 7. (B) (C) (D) Q ? (A) - (B) - (C) - S (D) D 0805 3 P.T.O. 8. What do you mean by cash equivalents ? (A) (B) Short -term highly liquid securities (C) 9. Bank balance Investments (D) Investment in debentures The profits calculated by marginal costing and absorption costing are different because of : (A) (B) Opening stock (C) 10. Capital and revenue Valuation of stock (D) Closing stock Match the items from List-I with the items in List-II : List - I List - II (a) Error of Principle (i) A purchase of Rs. 1000/- has not been recorded (b) Error of Commission (ii) Treating repair charges as addition to assets (c) Error of Omission (iii) A sale of Rs. 563 was posted as Rs. 653 (d) Compensatory error (iv) Sales book is undercast by Rs. 1000/- and return inward book is overcast by Rs. 1000 (v) Return inward book is undercast by Rs. 1000/- and purchase book is overcast by Rs.1000/- Codes : (b) (c) (d) (A) (ii) (iii) (i) (iv) (B) (ii) (iii) (iv) (v) (C) (iv) (ii) (i) (iii) (D) 11. (a) (ii) (iii) (i) (v) Which of the following is not the method of forecasting demand ? (A) (B) Total outlay method (C) 12. Collective opinion method Expert opinion method (D) Controlled opinion method When marginal utility is negative then total utility ? (A) 13. increases (B) decreases (C) is zero (D) is negative Which of the following is a correct statement ? (A) Decrease in input prices causes a leftward shift in the supply curve (B) The desire for a commodity backed by ability and willingness to pay is demand (C) When income increases, the demand for essential goods increases more than proportionately (D) The demand for a commodity is inversely related to the price of its substitutes D 0805 4 8. ? (A) (B) , M (C) 9. (D) m m (A) (B) S (C) 10. S (D) S I II I II (a) h (i) L 1000 (b) (ii) M (c) (iii) L . 563 L . 653 M (d) (iv) - L . 1000 L 1000 (v) L . 1000 L . 1000 (A) (B) (C) (D) 11. (a) (ii) (ii) (iv) (ii) (b) (iii) (iii) (ii) (iii) (c) (i) (iv) (i) (i) (d) (iv) (v) (iii) (v) - (A) (B) (C) 12. (D) (A) 13. (B) (C) (D) (A) - (B) S (C) , (D) S D 0805 5 P.T.O. 14. When goods in the domestic market are sold at a high price and in the foreign market at a low price, it is a situation of : (A) Dumping (B) Perfect competition (C) Oligopoly (D) Duopoly 15. Average revenue curve will not touch 0 - X axis because it cannot be : (A) Positive (B) Zero (C) Negative (D) None of the above 16. Parameter refers to the characteristics of the : (A) Population (B) Sample (C) Mean (D) None of the above 17. The median of 10, 12, 14, 16, 18 will be : (A) 12 (B) 16 (C) 15 18. F ratio refers to : (A) ratio between two means (C) ratio between two correlations 14 Probability sampling and random sampling are : (A) Anonymous (B) Different terms (C) Synonymous (D) None of the above 19. (D) (B) (D) ratio between two standard deviations ratio between two variances 20. Match the items from List-I with the items in List - I (a) t-test (i) (b) Regression test (ii) (c) Published sources (iii) (d) Probability sampling (iv) (v) Code : (a) (b) (c) (d) (A) (v) (ii) (i) (iv) (B) (v) (iii) (i) (iv) (C) (iii) (v) (i) (ii) (D) (v) (ii) (i) (iv) 21. The Plan for meeting the challenges of the competitors is called a : (A) Programme (B) Mission (C) Derivative Plan (D) Strategy D 0805 6 List-II. List - II secondary data systematic sampling hypothesis test quota sampling multi-variable analysis 14. S S __________ (A) 15. 18. (B) (C) (B) (C) 10, 12, 14, 16, 18 (A) 12 (B) 16 m (D) (D) (C) 15 (D) (B) (C) (D) (A) (B) (C) 20. 14 (A) 19. (D) (A) 17. (C) S 0 - X S __________ (A) 16. (B) (D) -I -II II I (a) - S (i) m (b) (ii) h (c) d (iii) (d) (iv) (v) (A) (B) (C) (D) 21. (a) (v) (v) (iii) (v) (b) (ii) (iii) (v) (ii) (c) (i) (i) (i) (i) (d) (iv) (iv) (ii) (iv) S __________ (A) D 0805 (B) (C) 7 (D) - P.T.O. 22. The (A) (B) (C) (D) 23. Which type of managerial decision correspond to basic decisions ? (A) Mechanical decision and analytic decision (B) Judicious decision and adoptive decision (C) Judicious decision, adoptive decision and analytic decision (D) All of the above 24. The process of combining the main industrial unit with all other related units is called : (A) Divergent Lateral combination (B) Convergent Lateral combination (C) Horizontal combination (D) Vertical combination 25. The lack of faith and confidence of managers in subordinates is an important barrier of : (A) Effective leadership (B) Effective control (C) Effective delegation (D) Effective direction 26. Post purchase dissatisfaction in marketing is known as : (A) Caveat emptor (B) Cognitive dissonance (C) Brand III loyalty (D) None of the above 27. Needs for goods and services are more homogenous in : (A) Industrial market (B) Consumer market (C) Domestic market (D) None of the above 28. Marketing concept means : (A) Firms should produce only what their pre-determined consumers would be willing to buy (B) Firms should persuade customers to buy what they have produced (C) The consumers will buy the products which offer them the highest quality (D) All of the above 29. The process of dividing a potential market into distinct subsets of consumers and selecting one or more segments as a target to be reached with a distinct marketing mix means : (A) Marketing (B) Positioning (C) Targeting (D) None of the above D 0805 chief contribution of Henry Fayol to management is that he : provided a conceptual frame-work formulated the management process approach evolved two principles of management stressed the need for management education based on management 8 22. (A) (B) C (C) h (D) 23. M ? (A) (B) (C) 24. , (D) l (A) (B) (C) 25. (D) S (A) (B) (C) 26. (D) C __________ (A) (B) (C) 27. III D (D) S M __________ (A) 28. l (B) Q (C) (D) Q (A) Z S - Q (B) Z m S (C) (D) 29. Q - Q C - C - M (A) (B) S - /S - (C) (D) D 0805 9 P.T.O. 30. What is the basis for segmenting vitamin market ? (A) (B) Place of distribution (C) 31. Age Formulation (D) All of the above Financial Risk means : (A) (B) Magnify the fluctuation in EBT (C) 32. Risk of Technical insolvency Both (A) and (B) (D) None of the above The financial management is concerned with the : (A) (B) Raising of funds from the market (C) Management of Working Funds only (D) 33. Procurement of funds and their effective utilisation Investing funds in the most appropriate assets M.M. Approach is similar to __________ approach. (A) (B) Net Operating Income Approach (C) 34. Net Income Approach Both (A) and (B) (D) None of the above If the sales are Rs. 6000, variable cost Rs. 3600 and fixed cost Rs. 2000, the Break-even point will be : (A) 35. 5000 units (B) 5400 units (C) 6000 units (D) 4000 units Which is an incorrect statement ? (A) (B) The prior approval of capitalisation of reserves upto Rs. 1 crore is totally exempted (C) Bonus issues beyond the ratio of 1:1 is not permitted (D) 36. The issue of Bonus shares is subject to sanction from the SEBI Partly paid equity shares are issued as bonus shares Job analysis provides information used for writing : (A) (B) Policy (C) 37. Organisation chart Job Description (D) Procedure Recruitment and selection involves the following except : (A) Building a pool of candidates (B) Completing application forms by applicants (C) Reduction of the work force (D) Employment planning and forecasting D 0805 10 30. (A) 31. (B) (C) S . . . - (C) (A) (B) (D) _________ (A) # (B) (C) (D) Q . . C _________ C (A) h C (B) h C (C) 34. (B) 33. (D) (A) 32. M (A) (B) (D) 6000 L 3600 L S 2000 L (A) 35. 5000 (B) 5400 (C) 6000 (D) Q ? (A) S (B) 1 M (C) 1:1 (D) 36. M _________ (A) 37. 4000 (B) (C) - (D) __________ (A) (B) m (C) (D) D 0805 11 P.T.O. 38. __________ is the process of deciding how to fill th company s most important executive positions. (A) (B) Organisational Restructuring (C) 39. Succession Planning Self-directed Teams (D) Corporate Downsizing Which of the following is not necessary for promotion from within ? (A) (B) Advertisements (C) 40. Job posting Personnel Records (D) Performance Appraisal Form Performance appraisal means evaluating an employee s performance relative to : (A) (B) Fellow employees (C) 41. Established goods Job description requirements (D) Performance standards A __________ card is basically a payment mechanism which allows the holder of the card to make purchases without any immediate cash payment. (A) 42. ATM (B) CREDIT (C) DEBIT (D) KISAN CREDIT Which of the following is a measure of selective credit control ? (A) (B) Moral suasion (C) 43. Bank rate policy Statutory cash reserve ratio (D) Open market operations Which of the following sentence is false ? (A) (B) Prior to nationalisation, commercial banks in India were generally concerned with profit maximisation only (C) Nationalisation has enhanced the efficiency of commercial banks (D) 44. Nationalisation of commercial banks has achieved its objectives Bank nationalisation in India was prompted by the necessity of credit facilities reaching the rural sector and weaker sections of the society Which of the following statement is true ? (A) The currency notes issued by RBI are legal tender throughout the world (B) The treasury bills are sold by the RBI for raising its working capital (C) All commercial banks, including those owned by Government, need a licence from the RBI to do banking business. (D) The RBI is a banker to both central and state governments D 0805 12 38. , (A) (B) Z (C) 39. S (D) (A) (B) (C) 40. S (D) c - , __________ (A) (B) (C) 41. S (D) c __________ (A) 42. . . . (B) (C) (D) ? (A) (B) (C) 43. (D) ? (A) C g (B) C (C) C (D) C 44. Q (A) . . . m (B) . . . m (C) S m . . . (D) D 0805 . . . , 13 P.T.O. 45. M. Narasimham headed : (A) (B) The committee on the financial system, 1991 (C) The committee on Banking Sector Reforms, 1997 (D) 46. The working group constituted by the Government of India in July 1975 for the establishment of Regional Rural Banks All of the above The gains from two nations depend on : (A) (B) Difference in the domestic barter rates of the two countries (C) Terms of trade (D) 47. Domestic barter rates Degree of absolute advantage The trade theory of comparative advantage was developed by : (A) (B) Adam Smith (C) 48. Haberler Alfred Marshall (D) David Ricardo Which items are included in the negative list of imports out of the combination given below : (1) (2) Banned items (3) Restricted items (4) Items of open General Licence (A) 1, 3 and 4 (B) 2, 3 and 4 (C) 49. Canalised items 1, 2, 3 and 4 (D) 1, 2 and 3 If a country has deficit in balance of current account, balance of capital account will be : (A) 50. Zero (B) Surplus (C) Deficit (D) None of the above When custom duty is levied according to weight of goods it is known as : (A) Excise duty (B) Ad-valorem duty (C) Revenue duty (D) Specific duty -oOo- D 0805 14 45. . (A) (B) 1991 (C) 1997 (D) 46. m 1975 S C (A) (B) S - (C) 47. S - Z (D) h __________ m (A) 48. (B) (C) S (2) (3) (4) (A) 1, 3 4 (B) 2, 3 4 (C) 1, 2, 3 4 (D) 1, 2 3 (A) 50. (1) 49. (D) (B) (C) (D) - __________ (A) (B) - (C) S (D) C -oOo- D 0805 15 P.T.O. Space For Rough Work D 0805 16

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Additional Info : Ugc Net December 2005 Question Paper - Commerce Paper II
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