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UGC NET DEC 2013 : COMMERCE PAPER II

15 pages, 99 questions, 18 questions with responses, 24 total responses,

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PAPER-II COMMERCE Signature and Name of Invigilator 1. (Signature) __________________________ OMR Sheet No. : ............................................... (To be filled by the Candidate) (Name) ____________________________ 2. (Signature) __________________________ (Name) ____________________________ D 08 1 3 Time : 1 1/4 hours] Number of Pages in this Booklet : 16 Instructions for the Candidates 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 OMR Sheet Number should be entered on this Test Booklet. 4. Each item has four alternative responses marked (A), (B), (C) and (D). You have to darken the circle as indicated below on the correct response against each item. Example : where (C) is the correct response. 5. Your responses to the items are to be indicated in the OMR Sheet given inside the Paper I Booklet only. If you mark 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 test question booklet and 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 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 is 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-08-13 Roll No. (In figures as per admission card) Roll No.________________________________ (In words) [Maximum Marks : 100 Number of Questions in this Booklet : 50 1. 2. - 3. , - - , : (i) - - (ii) - / - - (iii) OMR - 4. (A), (B), (C) (D) : (C) 5. I OMR OMR , 6. 7. (Rough Work) 8. OMR , , , , , 9. - OMR OMR 10. / 11. ( ) 12. 13. , 1 P.T.O. COMMERCE Paper II Note : This paper contains fifty (50) objective type questions of two (2) marks each. All questions are compulsory. 1. 2. 3. Who is the fiscal agent and advisor to Government in monetary and financial matters ? (A) NABARD (B) SBI (C) RBI (D) None of the above 4. Match the items of List I with the items of List II : List I List II (a) National (i) Industrial ManufactuLicensing ring Policy Competitiveness Council (NMCC) (b) National (ii) Eleventh Five Investment Year Plan Fund (NIP) (c) The (iii) The Industries Competition (DevelopAct, 2002 ment and Regulation) Act (IDRA), 1951 (d) Increase in (iv) Public Sector Employment Undertakings Codes : (a) (b) (c) (d) (A) (iv) (i) (ii) (iii) (B) (iii) (iv) (i) (ii) (C) (i) (ii) (iii) (iv) (D) (iv) (iii) (ii) (i) 5. (B) IMF (C) GATT (D) World Bank Which of the following are outside the scope of the Consumer Protection Act, 1986 ? (A) Newspaper industry (B) Services provided under contract of personal service (C) Banking industry (D) Both (A) and (B) 6. Which of the following is true regarding the Prudence Principle of Accounting ? (A) Taking care of the future losses (B) Taking care of the future profits (C) Taking care of bad debts (D) Taking care of inventory and depreciation 7. Which of the following is a nonoperating expense ? (A) Salary of Managing Director Kyoto Protocol pertains to (A) Capital formulation (B) Globalisation (C) Environmental protection (D) Unemployment reduction Paper-II Uruguay Round pertains to (A) WTO (B) Depreciation (C) Advertisement expenditure (D) Interest on loan 2 D-08-13 II : (50) - (2) 1. 2. ? (A) (B) . . . (C) . . . (D) (a) (iv) (iii) (i) (iv) (b) (i) (iv) (ii) (iii) (D) 5. . . . (C) , 1986 ? (A) (C) (D) 6. - (B) (A) (B) ? (A) (D) 7. (C) (c) (d) (ii) (iii) (i) (ii) (iii) (iv) (ii) (i) (B) ? (A) (B) (C) (D) D-08-13 ? (A) . . . (B) I II : I II (a) (i) ( . . . .) (b) (ii) 11 ( . . .) (c) (iii) ( , ) 2002 ( . . . .), 1951 (d) (iv) : (A) (B) (C) (D) 3. 4. - ? (A) (B) (C) (D) 3 Paper-II 8. A and B are partners sharing profits in the ratio of 3 : 2. Their books showed goodwill at ` 3,000. C is 1 admitted with 4th share of profits and brings ` 10,000 as his capital. But he is not able to bring in cash for his share of goodwill ` 3,000. How will you treat this ? (A) Goodwill is raised by ` 12,000 (B) C will remain as debtor for ` 3,000 (C) C s A/c. is debited for ` 3,000 (D) Goodwill is raised by ` 9,000 9. If there is mutual indebtedness between the transferor company and the transferee company in business combination, which of the following is correct ? (A) No adjustment is required in the books of the transferor company. (B) Adjustment is required in the books of the transferor company. (C) No adjustment is required in the books of the transferee company. (D) None of the above 10. 11. 12. 13. Business Economics is a subject which (A) studies economic relationships (B) studies economic activities at the aggregate level (C) deals with the tools of economics used for decision making in business (D) studies optimum allocation of limited resources Paper-II 4 Assertion (A) : The demand curve has negative slope showing inverse relationship between price and the quantity demanded. Reason (R) : This applies only to Giffen goods. Codes : (A) Both (A) and (R) are true. (B) (A) is true, but (R) is false. (C) (A) is false, but (R) is true. (D) Both (A) and (R) are false. 14. Improvement of profit-volume ratio can be done by (A) Increasing selling price (B) Altering sales mixture (C) Reducing variable cost (D) All of the above Match List I with List II and select the correct code for the answer : List I List II (a) Cross (i) Price = AVC elasticity is zero (b) Shut-down (ii) Two point commodities are independent (c) Slutsky (iii) Transtheorem formation line (d) Production (iv) Substitution Possibility effect Curve Codes : (a) (b) (c) (d) (A) (ii) (iv) (i) (iii) (B) (iii) (ii) (iv) (i) (C) (i) (iii) (ii) (iv) (D) (ii) (i) (iv) (iii) The consumer is said to be in equilibrium when he plans his expenditure on x, y and z commodities in such a way that he ultimately attains : (A) MUx = MUy = Mz MUx MUy MUz (B) Px = Py = Pz MUx MUy MUz (C) Px = Py = Pz = MUm MUx MUy MUz (D) Px < Py < Pz < MUm D-08-13 8. 9. 10. 11. A B 3 : 2 ` 3,000 C 1/4 ` 10,000 ` 3000 ? (A) ` 12,000 (B) C ` 3,000 (C) C ` 3000 (D) ` 9,000 12. (A) (B) (C) (D) , ? (A) (B) (C) (D) (a) (ii) (iii) (i) (ii) (b) (iv) (ii) (iii) (i) (c) (i) (iv) (ii) (iv) (d) (iii) (i) (iv) (iii) 13. (A) (B) (C) (D) (A) : (R) : : (A) (A) (R) (B) (A) , (R) (C) (A) , (R) (D) (A) (R) 14. - : (A) (B) (C) (D) D-08-13 I II : I II (a) (i) = AVC (b) (ii) (c) (iii) (d) (iv) : x, y z : (A) MUx = MUy = Mz (B) (C) MUx MUy MUz Px = Py = Pz = MUm (D) 5 MUx MUy MUz Px = Py = Pz MUx MUy MUz Px < Py < Pz < MUm Paper-II 15. 16. 17. Match the items in List I with those in List II and select the correct code for the answer : List I List II (a) Monopoly (i) Price Taker (b) Monopolistic (ii) Homocompetition geneous product s price maker (c) Perfect (iii) Heterocompetition geneous product (d) Oligopoly (iv) Price Rigidity Codes : (a) (b) (c) (d) (A) (ii) (iii) (i) (iv) (B) (i) (ii) (iv) (iii) (C) (iii) (iv) (ii) (i) (D) (iv) (i) (iii) (ii) 18. 19. Paper-II 6 The life expectancy of people in Kerala is more than that of Tamil Nadu. This statement is an example of (A) Descriptive Hypothesis (B) Causal Hypothesis (C) Correlational Hypothesis (D) None of the above 21. The law of statistics, which says Moderately large number of items chosen at random from a large group possess the characteristics of the large group , is referred to as : (A) The Central Limit Theorem (B) The Law of Statistical Regularity (C) The Law of Inertia of Large Numbers (D) None of the above The most appropriate average to be used to compute the average rate of growth in population is (A) Arithmetic mean (B) Median (C) Geometric mean (D) Harmonic mean 20. Match the following items in List I with most suitable options in List II : List I List II (a) Fisher (i) Inverse probability (b) Karl Pearson (ii) Normal Distribution (c) Thomas (iii) Correlation Baye s Coefficient (d) Karl Gauss (iv) Index Numbers Codes : (a) (b) (c) (d) (A) (iv) (iii) (ii) (i) (B) (iv) (iii) (i) (ii) (C) (iv) (ii) (iii) (i) (D) (iv) (ii) (i) (iii) A distribution, where the value of arithmetic mean is maximum as compared to median and mode, is (A) Normal distribution (B) Positively-skewed distribution (C) Negatively-skewed distribution (D) None of these Match the items of List I with the items of List II and choose the correct answer : List I List II (a) Intrapersonal (i) Informacommunication tion sharing (b) Element of a (ii) Developcommunication ment of event will to work (c) Objective of (iii) Thinking organisational communication (d) Goals of (iv) Purpose organisational communication Codes : (a) (b) (c) (d) (A) (i) (ii) (iii) (iv) (B) (iii) (iv) (ii) (i) (C) (ii) (iii) (i) (iv) (D) (iv) (iii) (ii) (i) D-08-13 15. I II : I II (a) (i) (b) (ii) (c) (iii) (d) (iv) : (A) (B) (C) (D) 16. (b) (iii) (ii) (iv) (i) (c) (i) (iv) (ii) (iii) (a) (iv) (iv) (iv) (iv) , , ? (A) (B) (C) (D) D-08-13 21. (b) (c) (d) (iii) (ii) (i) (iii) (i) (ii) (ii) (iii) (i) (ii) (i) (iii) (A) (B) (C) (D) 20. (d) (iv) (iii) (i) (ii) , , ? (A) (B) (C) (D) 19. I II : I II (a) (i) (b) (ii) (c) (iii) (d) (iv) : (A) (B) (C) (D) 17. (a) (ii) (i) (iii) (iv) 18. I II : I II (a) (i) (b) (ii) (c) (iii) (d) (iv) : ? (A) (B) (C) (D) (A) (B) (C) (D) 7 (a) (i) (iii) (ii) (iv) (b) (ii) (iv) (iii) (iii) (c) (d) (iii) (iv) (ii) (i) (i) (iv) (ii) (i) Paper-II 22. 26. Which of the following is not the major component of holistic marketing ? (A) Relationship marketing (B) Integrated marketing (C) Customer satisfaction (D) Socially-responsible marketing 27. Which of the legislations listed below do not form part of the marketing environment of India ? (A) The Drugs and Cosmetics Act, 1940 (B) The Prevention of Food and Adulteration Act, 1954 (C) The Monopolies and Restrictive Trade Practices Act, 1969 (D) Both (B) and (C) 28. The set of all actual and potential buyers of a product is known as (A) Customer group (B) Industry (C) Market (D) None of the above 29. In the model of consumer behaviour given by Philip Kotler, what constitutes the marketing stimuli ? (A) Marketing environment (B) Four P s of marketing (C) Consumer needs and wants (D) None of the above 30. According to the Boston Consulting Group, a business which has a high growth rate but a weak market share is referred to as a The factor that exerts the broadest and deepest influence on consumer behaviour is (A) Culture (B) Sub-culture (C) Social class (D) Income (A) Cash Cow (B) Dog (C) Question Mark (D) Star 23. No ideas are ever criticized and the more radical the ideas are the better are the rules of which decision making process ? (A) Programmed decision-making (B) Non-programmed making (C) decision Brainstorming (D) Group discussion 24. According to McClelland s Needs Theory, which of the following is not a motivating need ? (A) Need for Power (B) Need for Security (C) Need for Achievement (D) Need for Affiliation 25. In the managerial grid, developed by Blake and Mouton, a manager who has high consideration for production but little concern for people is known as (A) 1.1 Management (B) 1.9 Management (C) 9.1 Management (D) 5.5 Management Paper-II 8 D-08-13 22. , , (A) (B) 27. ? (A) , 1940 (B) , 1954 (C) , 1969 (D) (B) (C) 28. ? (A) (B) (C) (D) 29. ( ) , ? (A) (B) (C) (D) 30. (A) (B) - (C) (D) ? (D) 23. ? (A) (B) (C) (D) (C) 26. ? (A) (B) - (C) (D) 24. ? (A) (B) (C) (D) 25. , (A) 1.1 (B) 1.9 (C) 9.1 (D) 5.5 D-08-13 9 Paper-II 31. 36. Which one of the following is not among the assumptions of the Modigliani-Miller model ? (A) Perfect capital market (B) Equivalent risk classes (C) Unity for dividend payout ratio (D) Absence of taxes (B) 33. 34. 35. Joseph H. Jurau (D) Douglas McGregor The most suitable coverage ratio for deciding the debt capacity of a firm is (A) Interest Coverage Ratio (B) Cash Flow Coverage Ratio (C) Debt Service Coverage Ratio (D) Fixed Assets Coverage Ratio Another name organisation is for MATRIX (A) Flexible organisation (B) Geographic organisation (C) Project organisation (D) None of the above 38. Which one of the following is the most popular method for estimating the cost of equity ? (A) Capital asset pricing model (B) Dividend yield method (C) Gordon s dividend discount model (D) Earnings yield method Which of the following are methods of on-the-job training ? (i) Coaching (ii) Vestibule training (iii) Demonstration (iv) Role-playing (v) Apprenticeship training Select the right answer from the following codes : Which one of the following is not the internal factor affecting the weighted average cost of capital of a firm ? (A) Investment policy of the firm (B) Capital structure of the firm (C) Dividend policy followed (D) Market risk premium for the firm (A) (i), (ii), (iii), (iv) (B) (i), (iii), (v) (C) (ii), (iii), (iv) (D) (i), (ii), (iii), (iv), (v) 39. Most common approach for analysing the capital structure of a firm is (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Analysis (D) Leverage Analysis Paper-II Peter F. Drucker (C) 37. 32. Who propounded Theory Z ? (A) William Ouchi The idea that a manager tends to be promoted to the level of his incompetence is referred to as (A) The advancement principle (B) The Parkinson s law (C) The Peter principle (D) The job design principle 10 D-08-13 Z ? . . - ? (A) (B) (C) (D) 36. 32. ( ) (A) (B) (C) (D) 37. (A) (B) (C) (D) 33. ? (A) (B) - (C) (D) - 38. 34. ? (A) (B) (C) (D) - - ? (i) (ii) (iii) (iv) (v) ( ) : 31. 35. (A) (B) (C) (D) (A) (i), (ii), (iii), (iv) (B) (C) (ii), (iii), (iv) (D) (i), (ii), (iii), (iv), (v) 39. (A) (B) (C) (D) D-08-13 (i), (iii), (v) 11 , ? (A) (B) (C) (D) Paper-II 40. 41. Assertion (A) : The emphasis in industrial psychology has shifted from the studies of the isolated individual and the physical environment to the consideration of motivation and morale. Reason (R) : A motivated employee with a high morale will always give high productivity. Codes : (A) Both (A) and (R) are correct, and (R) is the right explanation of (A). (B) (A) is correct, but (R) is not correct. (C) Both (A) and (R) are incorrect. (D) Both (A) and (R) are correct, but (R) is not the right explanation of (A). 42. 43. Paper-II 12 Call money rate is applicable for a very short period to (A) Inter bank advances (B) Bank to Reserve Bank advances (C) Reserve Bank to Bank advances (D) Commercial Banks to Industrial Banks advances 44. Match the following items of List I and List II in terms of functions of commercial banks : List I List II (a) Letter of (i) Advancing reference loans (b) Sale of gold (ii) Receiving coins deposits (c) Recurring (iii) Non-banking Account function (d) Overdrafts (iv) Agency function Codes : (a) (b) (c) (d) (A) (i) (ii) (iii) (iv) (B) (iv) (iii) (ii) (i) (C) (iv) (ii) (iii) (i) (D) (i) (iii) (ii) (iv) Which of the following are included under representation functions of a bank ? (i) Payment of cheques and bills (ii) Providing remittance facilities (iii) Underwriting of securities (iv) Advancing clean credit (v) Allowing overdrafts on current account (vi) Purchase and sale of securities Codes : (A) (i), (ii), (iii) and (iv) (B) (iii), (iv), (v) and (vi) (C) (i), (ii), (iii) and (vi) (D) (ii), (iii), (v) and (vi) Match the following List I with List II : List I List II (Name of (Type of Securities) Securities) (a) Bonds of (i) SemiLand Government Development Securities Banks (b) Treasury (ii) First Order Bills Securities (c) Shares of a (iii) Personal Public Ltd. Securities Co. Codes : (a) (b) (c) (A) (i) (ii) (iii) (B) (ii) (i) (iii) (C) (iii) (ii) (i) (D) (i) (iii) (ii) D-08-13 40. (A) : , 42. ? (i) (ii) (iii) (iv) (v) (vi) : (A) (i), (ii), (iii) (iv) (B) (iii), (iv), (v) (vi) (C) (i), (ii), (iii) (vi) (D) (ii), (iii), (v) (vi) 43. : (A) - / (B) / (C) / (D) 44. I II : I II ( ( ) ) (a) (i) - (b) (ii) (c) (iii) : (R) : : (A) (A) (R) (A) (B) (A) (C) (A) (R) (R), , (R) (D) (A) (R) , (R), (A) 41. I II : I II (a) (b) (ii) (c) (iii) - (d) ( ) (iv) (i) : (a) (A) (i) (b) (c) (d) (ii) (iii) (iv) (B) (iv) (iii) (ii) (i) (C) (iv) (ii) (iii) (i) (D) (i) D-08-13 (A) (B) (C) (D) (iii) (ii) (iv) 13 (a) (i) (ii) (iii) (i) (b) (ii) (i) (ii) (iii) (c) (iii) (iii) (i) (ii) Paper-II 45. Reserve Bank of India controls the activities of some of the following banks in India : 47. (i) Commercial Banks Identify the one, from the following, which is not a type of disequilibrium in the balance of payments of a country : (ii) Cooperative Banks (A) Cyclical disequilibrium (iii) Foreign Banks (B) Secular disequilibrium (iv) Rural Banks (C) Structural disequilibrium Codes : (D) Sectoral disequilibrium (A) (i), (ii) and (iii) (B) (C) 48. (i), (iii) and (iv) (ii), (iii) and (iv) (D) (i), (ii), (iii) and (iv) 46. (A) Speculators (B) Hedgers (D) Investors List II (a) Comparative (i) Cost Theory of International Trade Arbitrageurs (C) Match the following List I with List II and select the correct answer : List I The participants who take advantage of different exchange rates in different markets are Gottfried Haberler 49. Assertion (A) : The liability of the option buyer is limited in the currency options market. (b) International (ii) J.S. Mill Trade Theory of Opportunity Cost Reason (R) : Option buyer need not exercise the option if the exchange rate is not favourable for him. (c) Factor Endowment Theory of International Trade (iii) David Ricardo Codes : (A) (R) is correct and (A) is wrong. (d) Doctrine of Reciprocal Demand (iv) HecksherOhlin (B) (A) is correct and (R) is wrong. (C) Both (A) and (R) are correct. (D) Both (A) and (R) are wrong. 50. (c) (d) An MNC that maintains a balance between the home market and host market oriented policies is (A) (iii) (ii) (iv) (i) (A) Ethnocentric firm Codes : (a) (b) (iii) (ii) (iv) (B) Polycentric firm (C) (iii) (i) (iv) (ii) (C) Geocentric firm (D) (ii) (i) (iv) (iii) (D) None of the above (B) Paper-II (i) 14 D-08-13 45. 47. (i) ? (A) (B) (C) ( ) (D) 49. (A) : ( ) (R) : ( ) ( ) : (A) (R) (A) (B) (A) (R) (C) (A) (R) (D) (A) (R) 50. . . . ( ) ? (A) (B) (C) - (D) (ii) ? (A) (B) (C) (D) 48. : (iii) (iv) : (A) (B) (i), (iii) (iv) (C) (ii), (iii) (iv) (D) 46. (i), (ii) (iii) (i), (ii), (iii) (iv) I II : I II (a) (i) (b) (ii) . . (c) (iii) (d) (iv) : (a) (c) (d) (A) (iii) (ii) (iv) (i) (B) (i) (b) (iii) (ii) (iv) (C) (iii) (i) (iv) (ii) (D) (ii) (i) (iv) (iii) D-08-13 15 Paper-II Space For Rough Work Paper-II 16 D-08-13

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