Commerce (UGC/NET Paper II & III)
Description: Test - 12 | |
Number of Questions: 25 | |
Created by: Shaka Gupte | |
Tags: Test - 12 EXIM Policy of India Issue Leading Agriculture Business Environment Liberalization Privatisation and Globalisation Banking and Financial Institution Economic Policies Business Statistics & Data Processing Financial Management |
DFEC stands for:
Which of the following sentence is false?
Consider the following:
- Irrigation 2. Roads
- Water Supply 4. Housing
- Rural Electrification 6. Rural Telecom connectivity Which of these are components of 'Bharat Nirman'?
The shares issued to existing shareholders when reserves are capitalised are:
Which of the following is not a measure of dispersion?
Foreign Exchange and foreign currencies in India are governed by
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?
M.M. Approach is similar to ____ approach.
The Balance sheet of a business reveals ____
In order to encourage investment in the country, the RBI may:
Sequence the following in which they are practiced
- Promotion
- Performance appraisal
- Recruitment
- Training and Development:
Which of the following statements is correct concerning the relationship among the firm's functions?
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 | |
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.
If the sales are Rs. 6000, variable cost Rs. 3600 and fixed cost Rs. 2000, the Break-even point will be:
Which of the following is an efficiency ratio?
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 | |
Which of the following is not an Accounting concept?
The term 'industrial policy' refers to:
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 | |
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 | |
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 | |
Exchange concept of marketing deals with
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.
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.