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UGC NET JUN 2006 :COMMERCE PAPER II

24 pages, 100 questions, 43 questions with responses, 52 total responses,

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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. J 0 8 0 6 PAPER II COMMERCE Time : 1 hours] Number of Pages in this Booklet : 24 [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. J 0806 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 : 1. This paper contains fifty (50) objective-type questions, each question carrying two (2) marks. Attempt all of them. No planning can start without setting : (A) (B) Objectives (C) 2. Budget Powers (D) None of the above Forms of mixed Economy consists of (A) (B) Private Sector (C) 3. Public Sector Co-operative Sector (D) None of the above According to which of the following accounting principles, the owners of the business are considered as creditors ? (A) (B) Cost (C) 4. Money Measurement Dual Aspect (D) Separate Entity Under how many headings, the cash flow statement shows the flow of cash & cash equivalents ? (A) 5. 1 (B) 2 (C) 3 All the following curves are U-shaped : except (A) AVC Curve (B) AFC Curve (C) 6. (D) AC Curve (D) MC Curve The Cobb-Douglas production function Q=4 K0.6 L0.3 Exhibits. (A) (B) Increasing returns to scale (C) 7. Constant returns to scale Decreasing returns to scale (D) None of the above Multistage stratified random sampling is : (A) Probability Sampling (B) Selective Sampling (C) Non-Probability Sampling (D) None of the above J 0806 2 4 II U (50) S D (2) U 1. (A) (B) g (C) 2. (D) o S S M (A) (B) (C) 3. (D) h S (A) (B) (C) 4. - (D) S (CFS) - (A) 5. 1 (B) 2 3 (D) S (AVCC) (B) S (AFCC) (C) S (ACC) (D) S (MCC) - Q=4 K0.6 L0.3 ? (A) S h (B) h (C) 7. 4 - (U-shaped) , (except) : (A) 6. (C) h (D) -S S ? (A) (B) (C) - (D) J 0806 3 P.T.O. 8. Which of the following are considered output units of a computer ? (A) (B) Printers (C) 9. Floppy Disk, Dat, CD Etc Video Display Unit (D) Micro-film Process of delegation of authority involves (A) (B) Transfer of responsibility (C) Transfer of authority and responsibility (D) 10. Transfer of authority Transfer of key management functions SWOT Analysis is used in which of the following managerial function ? (A) (B) Decision Making (C) 11. Organising Motivating (D) Directing and Controlling Which of the following is the function of distribution channel ? (A) (B) Communication of decisions (C) 12. Fixing prices Promotional activities (D) All of the above Product Lines Cover : (A) (B) One price retailer (C) 13. General retailer Departmental Stores (D) All of the above Which one of the following is not a leverage ratio ? (A) (B) Debt-Equity ratio (C) 14. Total debt ratio Interest Coverage ratio (D) Quick ratio Pay-back period method is also called as : (A) (B) Pay-off method (C) 15. Pay-out method Pay-back method (D) All of these Human relations approach of Management is associated with : (A) Abraham Maslow (B) Elton Mayo (C) Peter Drucker (D) Frederick Herzberg J 0806 4 8. (A) (B) (C) 9. S , , . , S (D) R (A) (B) S (C) S (D) 10. S Z S SWOT ? (A) (B) (C) 11. (D) (distribution channel) (A) (B) (C) 12. (D) (A) (B) R (C) 13. R (D) ? (A) (B) (C) 14. (D) (A) (B) (C) 15. (D) - ? (A) (B) (C) (D) J 0806 5 P.T.O. 16. Attrition is related to : (A) (B) Job Evaluation (C) 17. Job description Resignation/ Termination (D) Promotion The nationalised New Bank of India was later merged with : (A) (B) Bank of Baroda (C) 18. Central Bank of India Punjab National Bank (D) Canara Bank The first Financial Institution set up in India : (A) (B) ICICI (C) 19. IDBI IRBI (D) IFCI Which section is not of balance of payment ? (A) (B) Capital Account (C) 20. Current Account Official Reserve Account (D) Loss Accounts Which conference had given birth to International Monetary Fund ? (A) (B) Round Table Conference (C) 21. Uruguay Round Conference Brettonwoods Conference (D) Simla Conference Which one of the following pairs is not correctly matched ? (A) Installation of a Machine : Installation Cost A/c (B) Relevant Cost : Decision Making (C) Valuation of Share : Purchase of a company (D) Break-even Analysis : Margin of Safety J 0806 6 16. (Attrition) ? (A) (B) (C) 17. / (D) C ? (A) (B) (C) 18. (D) S S (A) (B) (C) 19. (D) , ? (A) (B) (C) 20. (D) (IMF) ? (A) (B) (C) 21. L (D) (A) (B) S (C) (D) J 0806 7 P.T.O. 22. Which of the following is not a form of organisation ? (i) Line Organisation (ii) Staff Organisation (iii) Functional Organisation (iv) Committee Organisation Code : (A) (B) (i), (ii) and (iv) (C) 23. (i), (ii), (iii) and (iv) (i), (iii) and (iv) (D) Only (ii) For profit maximization of a firm we must have (i) (ii) Marginal Cost Curve cuts the average cost curve from below (A) only (i) is true (B) Only (ii) is true (C) 24. MC=MR Both (i) and (ii) are wrong (D) Both (i) and (ii) are true Analysis of variance technique is normally used when (i) (ii) All the samples follow Independent normal distribution with equal variance (A) only (i) is true (B) only (ii) is true (C) 25. Number of samples are more than two Both (i) and (ii) are true (D) Neither (i) nor (ii) is true Which of the following Economic Systems occured first (A) (B) Socialism (C) 26. Laises - Fare System Communism (D) Capitalism Arrange the following events in the order of their occurance : (i) Companies Act (ii) Partnership Act (iii) Formation of ICAI (iv) Accounting Standard 3 (revised) (A) (i) (ii) (iii) (iv) (B) (ii) (iii) (iv) (i) (C) (iii) (ii) (i) (iv) (D) (ii) (iii) (i) (iv) J 0806 8 22. S M (i) (ii) S (iii) (iv) (A) (i), (ii), (iii) (iv) (B) (i), (ii) (iv) (C) (i), (iii) (iv) (D) (ii) 23. , ? (i) (ii) MC ACC (A) (i) (B) (ii) (C) 24. MC=MR (i) (ii) (D) (i) (ii) (ANOVA) (i) (ii) S (A) (i) (B) (ii) (C) 25. (i) (ii) (D) (i) (ii) S (A) (B) (C) 26. S (D) (i) (ii) (iii) ICAI S (iv) S 3 ( ) (A) (i) (ii) (iii) (iv) (B) (ii) (iii) (iv) (i) (C) (iii) (ii) (i) (iv) (D) (ii) (iii) (i) (iv) J 0806 9 P.T.O. 27. National Income may be determined through : (A) (B) Expenditure Approach (C) 28. Income Approach Productivity Approach (D) All of the above Standard Error of Mean is defined as, (A) (B) Average of sampling distribution of Mean (C) Inter-Quartile range of sampling distribution of mean (D) 29. Standard deviation of the sampling distribution of Mean Correlation co-efficient between the sampling distribution of mean and population mean Which one of the following is not involved in the characterstics of Business Ethics ? (A) (B) Business ethics is based on moral value (C) Business ethics influenced by Socio-Cultural value (D) 30. Business ethics is a dynamic philosophy Business ethics is not inspired by Social Welfare Management of Sales force involves : (A) (B) Remuneration to sales man (C) 31. Selection of Salesman Training of Salesman (D) All of the above Working Capital cycle involves the following (i) Acquisition of raw materials (ii) Finished goods (iii) Receivables (iv) Cash (v) Work-in-progress Which of the sequence is correct ? (A) (iii) (i) (v) (ii) (B) (i) (ii) (iii) (iv) (v) (C) (i) (v) (ii) (iii) (iv) (D) 32. (iv) (iv) (i) (ii) (iii) (v) Which of the following needs comes last in the Maslow s need hierarchy theory ? (A) Safety needs (B) Self Actualisation (C) Belongingness & Love needs (D) Self-esteem needs J 0806 10 27. C m ? (A) (B) (C) 28. (D) m S (SE) (A) (B) S (C) S (D) 29. S S S (A) (B) (C) S (D) 30. (A) (B) c (C) 31. (D) - (i) # (ii) (iii) (Receivables) (iv) (v) (A) (B) (C) (D) 32. (iv) (i) (i) (iv) (iii) (ii) (v) (i) (i) (iii) (ii) (ii) (v) (iv) (iii) (iii) (ii) (v) (iv) (v) S (A) (B) (C) (D) - S J 0806 11 P.T.O. 33. Arrange the following banks in order in which they were established (i) (ii) IFCI (iii) SIDBI (iv) IIBI (A) (ii) (i) (iii) (iv) (B) (ii) (i) (iv) (iii) (C) (i) (ii) (iii) (iv) (D) 34. IDBI (i) (ii) (iv) (iii) Arrange the following Acts in the order in which they came into force : (i) The Monopolies & Restrictive Trade Practices Act (ii) Indian Contract Act (iii) The Sale of Goods Act (iv) The Foreign Exchange Management Act Code : (A) (iii) (i) (iv) (B) (iii) (i) (iv) (ii) (C) (i) (ii) (iii) (iv) (D) 35. (ii) (iv) (iii) (ii) (i) Match the following List-I List-II (Industry) (Investment limit) (a) Small Scale Enterprise (i) Rs. 25 Lakhs (b) Tiny Enterprise (ii) Rs. 10 crores (c) SME Sector Enterprise (iii) Rs. 5 crores (d) Export Oriented Small Scale Enterprise (iv) Rs. 1 crore Code : (a) (b) (c) (d) (A) (iv) (i) (iii) (ii) (B) (iv) (i) (ii) (iii) (C) (iv) (ii) (i) (iii) (D) (iv) (ii) (iii) (i) J 0806 12 33. S S (i) (ii) . . . . (iii) (iv) . . . . (A) (ii) (i) (iii) (iv) (B) (ii) (i) (iv) (iii) (C) (i) (ii) (iii) (iv) (D) 34. . . . . (i) (ii) (iv) (iii) S S (i) . . . . (ii) (iii) (iv) (A) (iii) (i) (iv) (B) (iii) (i) (iv) (ii) (C) (i) (ii) (iii) (iv) (D) 35. (ii) (iv) (iii) (ii) (i) -I -II - I - II ( l ) ( ) (a) l (i) 25 L (b) (Tiny) l (ii) 10 L (c) . . . l (iii) 5 L (d) l (iv) 1 L (a) (b) (c) (d) (A) (iv) (i) (iii) (ii) (B) (iv) (i) (ii) (iii) (C) (iv) (ii) (i) (iii) (D) (iv) (ii) (iii) (i) J 0806 13 P.T.O. 36. 37. Match the following List-I (a) Fixed Capital A/c (b) Deferred Revenue Expenditure (c) Responsibility Centre (d) Combination Movement Code: (a) (b) (c) (d) (A) (iv) (iii) (i) (ii) (B) (iii) (iv) (i) (ii) (C) (iii) (iv) (ii) (i) (D) (iii) (i) (iv) (ii) Match the following List-I (a) Average Total Cost (b) Average fixed Cost (c) Average Variable Cost (d) Marginal Cost Code: (a) (A) (iii) (B) (i) (C) (ii) (D) (iii) 38. (b) (i) (ii) (iii) (iv) (c) (ii) (iii) (i) (ii) (i) (ii) (iii) (iv) (i) (b) (c) Discrete variable Continuous Variable (ii) (iii) (d) Sample (iv) J 0806 (b) (ii) (iii) (iii) (iv) (c) (iii) (ii) (iv) (i) List-II Variable Cost 4Quantity of Output Total Cost 4Quantity of Output Fixed Cost 4Quantity of Output The increase in total cost that arises from extra unit of production (d) (iv) (iv) (iv) (i) Match the following List-I (a) Veriable Code: (a) (A) (i) (B) (iv) (C) (i) (D) (iii) (i) (ii) (iii) (iv) List-II Residual Income Amalgamation Current A/c Advertisement for a new product List-II A quantitative characterstic of an elementry unit measured on atleast an interval scale and has value with in fixed finite interval Any portion drawn from a population A quantitative characterstic of an elementry unit that may vary from unit to unit A variable whose values are restricted to integer values only (d) (iv) (i) (ii) (ii) 14 36. -I -II -II -I (a) (i) (b) S (ii) (c) (iii) (d) (iv) S (b) (c) (d) (A) (B) (C) (D) 37. (a) (iv) (iii) (iii) (iii) (iii) (iv) (iv) (i) (i) (i) (ii) (iv) (ii) (ii) (i) (ii) -I -II -II -I (a) (i) 4 (b) S (ii) 4 (c) (iii) S 4 (d) (Marginal) (iv) h (b) (c) (d) (A) (B) (C) (D) 38. (a) (iii) (i) (ii) (iii) (i) (ii) (iii) (iv) (ii) (iii) (i) (ii) (iv) (iv) (iv) (i) -I -II -II -I (a) (i) (b) S (ii) (c) K (iii) (d) (iv) (a) (b) (c) (d) (A) (B) (C) (D) (i) (iv) (i) (iii) (ii) (iii) (iii) (iv) (iii) (ii) (iv) (i) (iv) (i) (ii) (ii) J 0806 15 P.T.O. 39. Match the following List I with List -II List-I List-II (Management Thinker) (Books) (a) Schneidher, Arnold E (i) Organisational Communication (b) Koehter J. W. (ii) Organisational Communication Behavioural Perspective (c) Bassett, Glenn A (iii) The New Face of Communication (d) Berlo David K. (iv) The Process of Communication Code: (a) (b) (c) (d) (A) (i) (ii) (iii) (iv) (B) (i) (iii) (ii) (iv) (C) (iv) (iii) (i) (ii) (D) (ii) (iii) (i) (iv) 40. Match the following List I List-I (a) Purchase (b) Situational (c) Personal (d) Physical Code : (a) (b) (c) (d) (A) (i) (ii) (iii) (iv) (B) (ii) (iii) (i) (iv) (C) (iii) (i) (ii) (iv) (D) (iv) (ii) (iii) (i) 41. Match the following List-I (a) ARR (i) (b) Pay-back method (ii) List-II Present value of Cash inflow 2Present value of cash outflow Yield on investment (c) NPV (iii) Average Income Average Investment (d) IRR (iv) Investment Annual Cash Flow Code: (a) (A) (iii) (B) (iii) (C) (iv) (D) (iv) J 0806 (b) (iv) (iv) (iii) (iii) (c) (ii) (i) (ii) (i) with List -II List-II (i) Purchasing Criteria (ii) New Markets (iii) Risk Factor (iv) Location (d) (i) (ii) (i) (ii) 16 39. -I -II -I ( ) -II ( S ) (a) , . (i) (Organisational Communication) (b) . . (ii) - (Organisational Communication Behavioural Perspective) (c) , (iii) M (The New Face of Communication) (d) . (iv) (The Process of Communication) (a) (i) (i) (iv) (ii) (A) (B) (C) (D) 40. (b) (ii) (iii) (iii) (iii) (c) (iii) (ii) (i) (i) (d) (iv) (iv) (ii) (iv) -I -II -I -II (a) (i) (b) S (ii) (c) (iii) (d) (iv) S (A) (B) (C) (D) 41. (a) (i) (ii) (iii) (iv) (b) (ii) (iii) (i) (ii) (c) (iii) (i) (ii) (iii) (d) (iv) (iv) (iv) (i) -I -II -I -II (a) (i) 2 (b) (ii) (c) (iii) (d) (iv) (A) (B) (C) (D) J 0806 (a) (iii) (iii) (iv) (iv) (b) (iv) (iv) (iii) (iii) (c) (ii) (i) (ii) (i) 4 4 (d) (i) (ii) (i) (ii) 17 P.T.O. 42. Match the following List-I (a) Personality Test (b) Achievement Test (c) Aptitude Test (d) Situational Test Code: (a) (b) (c) (d) (A) (iv) (ii) (i) (iii) (B) (iv) (ii) (iii) (i) (C) (D) 43. (iv) (iii) (i) (iv) (iii) (ii) Match the following List-I (Financial Institutions) (a) ECGC (b) GIC (c) HUDCO (d) ICICI Bank Code: (a) (b) (c) (d) (A) (iv) (i) (iii) (ii) (B) (C) (D) 44. (ii) (i) (iv) (i) (iv) (ii) (iv) (i) (i) (ii) (ii) (i) (ii) (iii) (iv) List-II Skill Test Job knowledge test Group Discussion Projective test List-II (Nature of activity) (i) Re-insurance (ii) Housing Development (iii) A private bank (iv) Trade (iii) (iii) (iii) Match the following List-I (a) IBRD (b) WTO (c) ADB (d) IDA Code: (a) (b) (c) (d) (A) (B) (C) (D) (iv) (ii) (iv) (iv) J 0806 (iii) (iii) (i) (i) (i) (i) (iii) (ii) (ii) (iv) (ii) (iii) (i) (ii) (iii) (iv) List-II Uruguay Round ECAFE Bretton Wood Established by World Bank 18 42. -I -II -I -II (a) (i) (b) (ii) - (c) L (iii) (d) S (iv) S (b) (c) (d) (A) (B) (C) (D) 43. (a) (iv) (iv) (ii) (i) (ii) (ii) (iv) (iii) (i) (iii) (i) (iv) (iii) (i) (iii) (ii) -I -II -I ( S ) -II ( S ) (a) . . . . (i) (Re-insurance) (b) . . . (ii) (c) (iii) (d) . . . . (iv) (b) (c) (d) (A) (B) (C) (D) 44. (a) (iv) (iv) (i) (iv) (i) (ii) (iv) (i) (iii) (i) (ii) (ii) (ii) (iii) (iii) (iii) -I -II -I -II (a) . . . . (i) (b) . . (ii) . . . . . (c) . . . (iii) (d) . . . (iv) m S (a) (b) (c) (d) (A) (B) (C) (D) (iii) (iii) (i) (i) (i) (i) (iii) (ii) (ii) (iv) (ii) (iii) (iv) (ii) (iv) (iv) J 0806 19 P.T.O. AGRICULTURAL INSURANCE SCHEME More than half a dozen farm insurance schemes have been tried out in the past two and a half decades, but no one has worked. Successive insurance models proved unsustainable because they were neither economically viable, nor suited to cover the varied risks that beset crop farming. The implementing insurance companies have invariably ended up paying compensation several times the premium collected. The existing National Agricultural Insurance Scheme (NAIS), which is now sought to be replaced with its fresh avatar, has had to cope with claims of over Rs. 5,730 crore, more than three times the premium income of Rs. 1,700 crore. The parallel farm income insurance scheme, aimed at covering risks ranging from a drop in yield to poor prices, tried out on a pilot basis in the last few crop seasons, has also not worked. What needs to be realised is that agricultural insurance is an inherently complicated business because of the many risks involved in farming. The formidable functional and practical problems that ensue relate to the extent of area that should constitute the unit for assessing damage, and the bench-mark for assessing the loss incurred, on the basis of the income that might have accrued to the farmer in the absence of yield-reducing factors like adverse weather, pest, disease, or natural disasters 45. Which scheme is going to be replaced by the new insurance scheme ? (A) (B) Agricultural insurance scheme (C) NAIS (D) 46. Crop insurance scheme None of the above How many times of the premium income was paid as insurance claims by the existing NAIS Scheme ? (A) 47. 1 (B) 2 (C) 3 Farm Income Insurance Scheme is aimed at covering the risk of (A) Natural Calamities (B) Drop in yield and poor prices (C) Seed failure (D) None of the above J 0806 20 (D) 4 - - - - M M S S S ( . . . ) S , 5,730 L m S M # 1,700 L S g S , M , - C M S M S M , , , m 45. S (A) (B) S (C) . . . . (D) 46. S . . . . m S M # (A) 47. 1 (B) 2 (C) 3 (D) 4 S g (A) (B) (C) (D) J 0806 21 P.T.O. 48. Which of the following factor(s), is/are a yield reducing factor ? (A) (B) Natural disaster (C) Pest and disease (D) 49. Adverse weather All of the above Why the Farm Insurance Schemes are unsustainable ? (A) (B) Farmers not paying premium (C) No support from Government (D) 50. Not covering the varied risks None of the above Which of the following is the criteria for bench marking the Agricultural Insurance Scheme ? (A) Area (B) Out put (C) Yield per acre (D) Normal Income -oOo- J 0806 22 48. / / / (A) (B) m (C) (D) 49. S ? (A) (B) S (C) (D) 50. S Z (A) (B) (C) (D) -oOo- J 0806 23 P.T.O. Space For Rough Work J 0806 24

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