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Commerce (UGC/NET Paper II & III)

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DFEC stands for:

  1. Direct Foreign Exchange Control

  2. Direct Finance Exchange Control

  3. Duty Free Export Credit

  4. Duty Free Exchange Credit


Correct Option: C

Which of the following sentence is false?

  1. Nationalisation of commercial banks has achieved its objectives

  2. Prior to nationalisation, commercial banks in India were generally concerned with profit maximisation only

  3. Nationalisation has enhanced the efficiency of commercial banks

  4. Bank nationalisation in India was prompted by the necessity of credit facilities reaching the rural sector and weaker sections of the society


Correct Option: A

Consider the following:

  1. Irrigation 2. Roads
  2. Water Supply 4. Housing
  3. Rural Electrification 6. Rural Telecom connectivity Which of these are components of 'Bharat Nirman'?
  1. 1-2-3-4-5

  2. 2-3-4-5-6

  3. 1-2-3-4-6

  4. 1-2-3-4-5-6


Correct Option: D

The shares issued to existing shareholders when reserves are capitalised are:

  1. Right issue

  2. Bonus shares

  3. Preference shares

  4. All of these


Correct Option: B

Which of the following is not a measure of dispersion?

  1. Skewness

  2. Mean Deviation

  3. Standard Deviation

  4. Quartile Deviation


Correct Option: A

Foreign Exchange and foreign currencies in India are governed by

  1. SCRA Act

  2. Banking Regulation Act

  3. FEMA Act

  4. SEBI Act


Correct Option: C

A leader uses the following methods: (i) Uses criticism (ii) Encourages growth (iii) Sets objectives (iv) Gives orders and directions

Which of these methods are used by a democratic leader?

  1. (i) and (ii)

  2. (iii) and (iv)

  3. (ii) and (iii)

  4. (i), (ii) and (iv)


Correct Option: B

M.M. Approach is similar to ____ approach.

  1. Net Income Approach

  2. Net Operating Income Approach

  3. Both A and B

  4. None of these


Correct Option: B

The Balance sheet of a business reveals ____

  1. Financial position of a business on a particular day

  2. Financial position of the business for a particular period

  3. Both of the above

  4. None of these


Correct Option: A

In order to encourage investment in the country, the RBI may:

  1. Reduce CRR

  2. Increase CRR

  3. Sell Securities in the open market

  4. Increase Bank Rate


Correct Option: A

Sequence the following in which they are practiced

  1. Promotion
  2. Performance appraisal
  3. Recruitment
  4. Training and Development:
  1. 3, 2, 4, 1

  2. 3, 2, 1, 4

  3. 3, 1, 4, 2

  4. 3, 4, 2, 1


Correct Option: D

Which of the following statements is correct concerning the relationship among the firm's functions?

  1. TC = TFC - TVC

  2. TVC = TFC - TC

  3. TFC = TC - TVC

  4. TC = TVC - TFC


Correct Option: C

Match the following.

 
List-I
List -II
(a) Unit Trust of India
(i) 1921
(b) Banking Regulation Act
(ii) 1949
(c) Imperial Bank of India
(iii) 1964
(d) NABARD
(iv) 1982
  1. (a) - (i), (b) - (iii), (c) - (ii), (d) - (iv)

  2. (a) - (iv), (b) - (i), (c) - (ii), (d) - (iii)

  3. (a) - (ii), (b) - (iv), (c) - (iii), (d) - (i)

  4. (a) - (iii), (b) - (ii), (c) - (i), (d) - (iv)


Correct Option: D

Statements: Assertion (A): Demand for a commodity refers to quantity of the commodity demanded at a certain price during any particular period of time. Reason (R): Contraction of demand is the result of increase in the price of the good concerned.

  1. Both (A) and (R) are correct

  2. Both (A) and (R) are incorrect

  3. (A) is correct hut (R) is incorrect

  4. (A) is incorrect but (R) is correct


Correct Option: A

If the sales are Rs. 6000, variable cost Rs. 3600 and fixed cost Rs. 2000, the Break-even point will be:

  1. 5000 units

  2. 5400 units

  3. 6000 units

  4. 4000 units


Correct Option: A

Which of the following is an efficiency ratio?

  1. Price-Earning Ratio

  2. Debt-Equity Ratio

  3. Acid-Test Ratio

  4. Average collection period


Correct Option: D

Match the following.

 
List-I
List -II
(a) Perfect competition
(i) No control
(b) Monopolistic competition
(ii) Some Control
(c) Oligopoly
(iii) Practically Some Control
(d) Monopoly
(iv) Usual control
  1. (a) - (i), (b) - (ii), (c) - (iii), (d) - (iv)

  2. (a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)

  3. (a) - (iii), (b) - (ii), (c) - (iv), (d) - (i)

  4. (a) - (iv), (b) - (iii), (c) - (ii), (d) - (i)


Correct Option: A

Which of the following is not an Accounting concept?

  1. Matching concept

  2. Dual Aspect concept

  3. True and Fair concept

  4. Going concern concept


Correct Option: C

The term 'industrial policy' refers to:

  1. the rules and regulations relating to the establishment of industrial undertakings and their expansion

  2. remove the structural, financial, fiscal, administrative, infrastructure related impediments to the efficient functioning of a market oriented economy

  3. the culmination of liberalisation programme

  4. increase the efficiency of public sector undertakings


Correct Option: B

Match the following List - I with List - II:

 
List - I
List - II
(a) Purchase
(i) Purchasing Criteria
(b) Situational
(ii) New Markets
(c) Personal
(iii) Risk Factor
(d) Physical
(iv) Location
  1. (a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)

  2. (a)-(ii), (b)-(iii), (c)-(i), (d)-(iv)

  3. (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)

  4. (a)-(iv), (b)-(ii), (c)-(iii), (d)-(i)


Correct Option: A

Match the following with the years of establishment/nationalisation.

 
List - I
List - Il
(a) Reserve Bank of India
1.1975
(b) Nationalisation of 14 Major Commercial Banks
2.1935
(c) Nationalisation of 6 Commercial Banks.
3. 1969
(d) Regional Rural Banks
4. 1980
  1. (a)-(1), (b)-(3), (c)-(2), (d)-(4)

  2. (a)-(3), (b)-(2), (c)-(4), (d)-(1)

  3. (a)-(4), (b)-(3), (c)-(1), (d)-(2)

  4. (a)-(2), (b)-(3), (c)-(4), (d)-(1)


Correct Option: D

Match the following:

 
List - I
List - II
(a) Variable
(i) A quantitative characteristic of an elementry unit measured on atleast an interval scale and has value with in fixed finite interval
(b) Discrete variable
(ii) Any portion drawn from a population
(c) Continuous Variable
(iii) A quantitative characteristic of an elementry unit that may vary from unit-to- unit
(d) Sample
(iv) A variable whose values are restricted to integer values only
  1. (a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)

  2. (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)

  3. (a)-(i), (b)-(iii), (c)-(iv), (d)-(ii)

  4. (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)


Correct Option: D

Exchange concept of marketing deals with

  1. Exchange of products between sellers and buyers covering distribution and price aspects.

  2. Mere appendage to production.

  3. Achieving marketing success through product attributes.

  4. Aggressively promote and push the products.


Correct Option: A

Statement of changes in financial position shows:

Directions: Read the following passage and answer the given question.

Accounting is the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of the information, It primarily focusses on measurement, analysis, interpretation and use of information, As an information system, accounting links an information source, a channel of communication and set of receivers. Accounting system should be designed to classify financial information on a basis suitable for decision-making purposes and to process the tremendous quantities of data efficiently and accurately. Financial accounting is concerned with providing information to external users and it is oriented towards the preparation of final statements which summarises the results of operations for selected periods of time and show the financial position of business at particular date. Management accounting is concerned with providing information to managers to carry out their responsibilities and functions such as planning, execution, control and decision- making. The end product of the financial accounting process is a set of reports called financial statement, such as, profit and loss account, balance-sheet and statement of changes in financial position. Profit & loss account shows the results of operations for a period of time, balance-sheet shows financial position on certain date and statement of changes in financial position shows where the financial resources have come and where they have gone.

  1. Sources and uses of funds

  2. Assets and Liabilities

  3. income and Expenses

  4. Losses and Gains


Correct Option: A

Which of the following factor(s), is/are a yield reducing factor?

Directions: Read the following passage and answer the given question.

AGRICULTURAL INSURANCE SCHEME
More than half a dozen farm insurance schemes have been tried out in the past two and a half decades, hut 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.

 

  1. Adverse weather

  2. Natural disaster

  3. Pest and disease

  4. All of these


Correct Option: D
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