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UGC NET DEC 2009 :COMMERCE PAPER II

16 pages, 100 questions, 50 questions with responses, 52 total responses,

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Signature and Name of Invigilator OMR Sheet No. : ......................................... (To be filled by the Candidate) 1. (Signature) __________________________ Roll No. (Name) ____________________________ 2. (Signature) __________________________ (In figures as per admission card) Roll N o.____________________________ (In words) (Name) ____________________________ D-0809 Time : 1 1/4 hours] Test Booklet No. PAPER-II [Maximum Marks : 100 COMMERCE 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 Test Booklet Number should be entered in the OMR Sheet and 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 oval as indicated below on the correct response against each item. Example : B C A D where (C) is the correct response. 5. 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. 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. You have to return the test question booklet and OMR Answer sheet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table etc., is prohibited. 12. Negative Marking :- For each incorrect answer, 0.5 marks shall be deducted. D-0109 D-0809 Number of Questions in this Booklet : 50 1. 2. - 3. , - - : (i) - - (ii) - / - - (iii) - OMR OMR - 4. (A), (B), (C) (D) B C A D : (C) 5. I - , 6. 7. (Rough Work) 8. - , 9. - OMR - 10. / 11. ( ) 12. : 0.5 P.T.O. 1 P.T.O. COMMERCE Paper II Note : This paper contains fifty (50) objective type questions, each question carrying two (2) marks. Attempt all the questions. 1. If the amount claimed by a consumer as compensation is Rs. 89 lacs, the case under The Consumer Protection Act shall be filed with (A) (B) State Consumer Disputes Redressal Commission (C) National Consumer Disputes Redressal Commission (D) 2. District Consumer Redressal Forum Supreme Court Which of the following does not fall within the jurisdiction of MRTP Commission ? (A) (B) Prevention of Restrictive Trade Practices. (C) Prohibition of Unfair Trade Practices. (D) 3. Prevention of Monopolistic Trade Practices. Regulation of Combinations. Which of the following is not a part of the economic environment of business ? (A) (B) (C) 4. Competitive Environment Changes in Patent Laws (D) None of these Laissez faire policy is adopted in (A) Socialistic economic system (B) Capitalistic economic system (C) Mixed economic system (D) 5. Economic System Communist economic system Relaxing the restrictions and controls imposed on business and industry means (A) (B) (C) 6. Liberalisation Privatisation Globalisation (D) None of these A variable such as activity that causes cost over a given time is (A) Cost Driver (B) (C) Cost Centre (D) None of the above Paper-II 2 Cost Behaviour D-0809 II : (50) - (2) 1. 89 - , (A) (B) (C) (D) 2. (MRTP) ? (A) (B) (C) (D) 3. ? (A) (B) (C) (D) 4. (Laissez Faire) (A) (B) (C) (D) 5. (A) (B) (C) (D) 6. , (A) (B) (C) (D) D-0809 3 Paper-II 7. The concept of budget that requires all levels to work from scratch is (A) Flexible Budget (B) Total Budget (C) Master Budget (D) Zero Base Budget 8. Accounting Standard on the Effect of Changes in Foreign Exchange Rates is (A) AS 11 (B) AS 13 (C) AS 18 (D) None of the above 9. Land is not depreciable asset because (A) Its value always increases (B) There is no maintenance required (C) Life of land is unlimited (D) None of the above 10. The sales at which a firm would earn profit after tax @ 8% of sales, if fixed cost is Rs. 45,000 ; selling price Rs. 50 per unit, variable cost Rs. 30 per unit and tax rate 20% : (A) Rs. 90,000 (B) Rs. 1,50,000 (C) Rs. 1,68,000 (D) None of the above 11. The elasticity of demand for luxury goods is (A) Infinite (B) More than one (C) Less than one (D) Equal to one 12. Profits are maximised at a point where (A) MR = MC (B) MR < MC (C) MR > MC (D) AC > MC 13. The concept of consumer surplus was introduced and developed by (A) E.A.G. Robinson (B) J.M. Keynes (C) Lionel Robbins (D) Alfred Marshall 14. In Law of Variable Proportions, initially when MP rises (A) TP rises at a decreasing rate. (B) TP rises at an increasing rate. (C) AP rises less than proportionately. (D) AP rises more than proportionately. Paper-II 4 D-0809 7. , (A) (B) (C) (D) - ( ) 8. (A) AS 11 (B) AS 13 (C) AS 18 (D) 9. (A) (B) - (C) (D) 10. 8% , , 45,000 , 50 , 30 20% : (A) 90,000 (B) 1,50,000 (C) 1,68,000 (D) 11. (A) (C) (B) (D) (A) MR = MC (C) MR > MC (B) MR < MC (D) AC > MC 12. 13. (A) (C) 14. D-0809 . . . (B) . . (D) , (A) (B) (C) (D) 5 Paper-II 15. Which one of the following statements is correct ? (A) (B) Monopolist always makes (economic) profit. (C) Monopolist operates on an inelastic demand curve. (D) 16. Monopolist charges the maximum possible price. None of the above The Central Processing Unit of a computer consists of (A) (B) Control Unit, Primary Storage and Secondary Storage. (C) Control Unit, Arithmetic-logic Unit and Primary Storage. (D) 17. Input, Output and Processing. None of the above. If the sample size increases, the sampling error (A) (B) (C) 18. Decreases Increases Remains constant (D) None of the above Goodness of fit of a distribution is tested by (A) (B) (C) 19. t-test Chi-square test F-test (D) None of these Probability of rejecting the null hypothesis when it is true, is called (A) (B) (C) 20. Type-II-error Type-I-error Standard error (D) None of these Standard error of mean is defined as (A) (B) standard deviation of data. (C) inter-quartile range of the data. (D) 21. standard deviation of the sampling distribution of mean. none of these. Who first propounded the principle of unity of command ? (A) F.W. Taylor (B) (C) Peter F. Drucker (D) Henry Fayol Paper-II 6 Elton Mayo D-0809 15. ? (A) (B) ( ) (C) (D) 16. : (A) , (B) , (C) , - (D) 17. (A) (B) (C) (D) 18. (A) - (B) - (C) - (D) 19. (A) -II- (B) -I- (C) (D) 20. (A) (B) (C) - (D) 21. ? (A) . . (B) (C) . (D) D-0809 7 Paper-II 22. Which element is not necessary in each objective under MBO Approach ? (A) (B) (C) 23. Time element Human Relation element (D) Measurable element Techniques of managerial control are useful in (A) selection of plant location. (B) identifying appropriate technology (C) profit planning (D) 24. Cost element conducting shareholders meeting The function of attracting, acquiring, retaining and developing human resources in an organisation is called (A) (B) (C) 25. recruitment induction training and development (D) staffing In terms of Blake-Mouton s managerial grid approach, a production oriented leader will be one who adopts (A) (B) (C) 26. 1.1 style 9.1 style 9.9 style (D) 5.5 style The strategy of introducing a product with high introductory price is called (A) (B) (C) 27. penetration strategy skimming strategy pull strategy (D) push strategy The concept of four P s as elements of marketing mix was given by (A) (B) (C) 28. Philip Kotler W.J. Stanton E.J. McCarthy (D) Bruce J. Walker Which out of the following is not a type of non-store retailing ? (A) Limited line stores (B) (C) Direct selling (D) Telemarketing Paper-II 8 Automatic vending D-0809 22. (MBO) ? (A) (B) (C) (D) 23. ? (A) (B) (C) (D) - 24. , , (A) (B) (C) (D) 25. (Blake Mouton) (A) 1.1 (B) 9.1 (C) 9.9 (D) 5.5 26. - (A) (B) (C) (D) 27. (P s) ? (A) (B) . . (C) . . (D) . 28. - ? (A) (B) (C) (D) - D-0809 9 Paper-II 29. A product line strategy wherein a company adds a higher priced product to a line in order to attract a broader market which helps the sale of its existing lower priced products is called (A) (B) (C) 30. Trading up Trading down Life cycle extension (D) Product line extension Which of the following is not a tool of sales promotion ? (A) (B) (C) 31. Sales contests Free gifts Point of purchase display (D) Public Relations Use of fixed interest securities in the capital structure is called (A) (B) (C) 32. operating leverage financial leverage overall leverage (D) none of the above If NPV is positive, the IRR will be (A) (B) (C) 33. Positive K=R K<R (D) None of the above According to Walter, firm should pay 100% dividend if (A) (B) (C) 34. r>k r<k (D) none of the above Sensitivity analysis is performed to (A) Ascertain risk (B) Determine profitability (C) Build scenario for risk profile (D) 35. r=k None of the above Right shares enjoy preferential rights with regard to (A) (B) (C) 36. Payment of dividend Payment of retained earnings Repayment of capital (D) None of the above The Industrial Disputes Act, 1947 provides the following industrial relations machinery for resolution of conflicts except (A) Conciliation (B) (C) Negotiations (D) Adjudication Paper-II 10 Arbitration D-0809 29. - , (A) (B) (C) - (D) 30. ? (A) (B) (C) - (D) 31. (A) (B) (C) (D) 32. (NPV) IRR (A) (B) K = R (C) K < R (D) 33. , (A) r > k (B) r = k (C) r < k (D) 34. (A) (B) (C) (D) 35. (A) (C) 36. D-0809 (B) (D) 1947 ? (A) (B) (C) (D) 11 Paper-II 37. Job evaluation is a technique which aims at (A) Establishing fair and equitable pay structure. (B) Analysing requirement of updating technology. (C) (D) 38. Assessing safety requirement of jobs. Improving productivity. Induction is an integral part of (A) Training (C) Recruitment (B) Selection (D) None of the above 39. PIP test seeks to measure (A) IQ (B) Personality, Interest and Preferences (C) Quality of a product (D) Preferred Investment Plans 40. The Government of India introduced The Workers Participation in Management Bill in Parliament in (A) (C) 41. (C) (D) 43. (B) 1988 (D) 1981 The features of the Commercial Paper are (A) It is an unsecured money market instrument issued in the form of promissory note. (B) 42. 1983 1990 The highly rated corporate borrowers can raise short term funds through this instrument. It is an additional instrument to the investing community. All of the above Banking ombudsman may reject the complaint (A) immediately after receipt. (B) after hearing both parties. (C) at any stage. (D) none of the above Which of the following entities provide Take out Finance to banks engaged in financing of infrastructure projects ? (A) ICICI (B) SIDBI (C) IDFC (D) RBI Paper-II 12 D-0809 37. (A) (B) (C) (D) 38. (A) (C) (B) (D) 39. PIP (A) (B) , (C) (D) 40. (A) 1983 (B) 1988 (C) 1990 (D) 1981 41. (A) (B) (C) (D) 42. (Banking ombudsman) (A) (B) (C) (D) 43. , , ? (A) (ICICI) (B) (SIDBI) (C) (IDFC) (D) (RBI) D-0809 13 Paper-II 44. Currency chest balance will be periodically verified by (A) (B) (C) 45. Bank s own officials RBI officials Both (A) and (B) (D) Officials of AG s office SEBI is (A) (B) (C) 46. Regulatory Authority Statutory Authority Both (A) and (B) (D) None of these The International Monetary Fund has estimated India s contribution to World Gross Domestic Product in Purchasing Power Parity (PPP) terms for 2007 (A) (B) (C) 47. 4.6 percent 6.4 percent 7.1 percent (D) 8.9 percent The World Bank is known as (A) (B) (C) 48. IMF IDA IFC (D) IBRD De-coupling denotes (A) (B) separating the birds affected by bird-flu. (C) that markets are independent. (D) 49. Indian market may be cut off from global markets so that it may not be affected by global volatility. None of the above Which of the country s banking have been brought under Sanctions by U.S.A. recently ? (A) (B) (C) 50. Iraq North Korea Pakistan (D) Iran How many member countries are there in the World Customs Organisation ? (A) 160 (B) 162 (C) 172 (D) 180 ______________ Paper-II 14 D-0809 44. - (A) (B) (C) (A) (B) (D) 45. (SEBI) (A) (C) (A) (B) (B) (D) 46. 2007 (A) 4.6 (B) 6.4 (C) 7.1 (D) 8.9 47. (A) (IMF) (C) (IFC) (B) (IDA) (D) (IBRD) - 48. (A) (B) (C) (D) - 49. ? (A) (B) (C) (D) 50. ? (A) 160 (C) 172 (B) 162 (D) 180 ______________ D-0809 15 Paper-II Space for Rough Work Paper-II 16 D-0809

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Additional Info : Ugc Net December 2009 Question Paper - Commerce Paper II
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