On 11/17/09, Harish Sati Sati <harish.sati@gmail.com> wrote:
> *UGC-Net/jrf and lectureship Examination *
>
> *Solved **Paper*
>
> *Commerce Paper-II*
>
> 1. Which of the following is/are component(s) of economic envi-ronment ?
>
> (A) Economic System
>
> (B) Economic Policy
>
> (C) Economic Conditions
>
> (D) All of these
>
> (E) None of these
>
> 2. Mixed economic system con-sists—
>
> (A) Public Sector
>
> (B) Private Sector
>
> (C) Mixed Sector
>
> (D) Co-operative Sector
>
> (E) All of these
>
> 3. The Indian Companies Act came into force from—
>
> (A) 1956 (B) 1960
>
> (C) 1970 (D) 1990
>
> (E) 1991
>
> 4. VAT stand for—
>
> (A) Value Added Tax
>
> (B) Valuable Assessment Tax
>
> (C) Value Added Type
>
> (D) Value Act Tax
>
> (E) None of these
>
> 5. The Current Account of BOP includes—
>
> (A) Travel
>
> (B) Transportation
>
> (C) Investment Income
>
> (D) Transfer of Payment
>
> (E) All of these
>
> 6. Assets = Liabilities is—
>
> (A) Cost Concept
>
> (B) Dual Aspect Concept
>
> (C) Going Concern Concept
>
> (D) Accrual Concept
>
> (E) None of these
>
> 7. Goodwill is a—
>
> (A) Real Account
>
> (B) Nominal Account
>
> (C) Personal Account
>
> (D) All of these
>
> (E) None of these
>
> 8. Nominal Account is—
>
> (A) Patent A/c
>
> (B) Ram A/c
>
> (C) Salary A/c
>
> (D) Prepaid A/c
>
> (E) Goodwill A/c
>
> 9. Cash is a—
>
> (A) Current Assets
>
> (B) Current Liabilities
>
> (C) Fixed Assets
>
> (D) Fixed Liabilities
>
> (E) All of these
>
> 10. Sales – Variable Cost = ?
>
> (A) Profit
>
> (B) Cost
>
> (C) Contribution
>
> (D) Loss
>
> (E) BEP
>
> 11. Market structure includes—
>
> (A) Perfect Competition
>
> (B) Perfect Monopoly
>
> (C) Monopolistic Competition
>
> (D) Oligopoly
>
> (E) All of these
>
> 12. Stackelberg's Model is related with—
>
> (A) Oligopoly
>
> (B) Cost
>
> (C) Marketing
>
> (D) Pricing
>
> (E) None of these
>
> 13. Goods that are often used together are called—
>
> (A) Complements
>
> (B) Substitutes
>
> (C) Main
>
> (D) All of these
>
> (E) None of these
>
> 14. TC*n* – TC*n* – 1 = ?
>
> (A) Marginal Cost
>
> (B) Sales
>
> (C) Profit
>
> (D) Loss
>
> (E) Fixed Cost
>
> 15. Fixed cost is—
>
> (A) Salary (B) Material
>
> (C) Wages (D) Fuel
>
> (E) All of these
>
> 16. The Random Sampling Method consists—
>
> (A) Simple Random Sampling
>
> (B) Restricted Random Sampl-ing
>
> (C) Acceptance Sampling
>
> (D) All of these
>
> (E) None of these
>
> 17. Low degree positive correlation is—
>
> (A) + 1
>
> (B) – 1
>
> (C) Between 0 to 0·25
>
> (D) + 2
>
> (E) None of these
>
> 18. The Theory of Probability can be computed by—
>
> (A) P = (B) P =
>
> (C) P = (D) P =
>
> (E) P =
>
> 19. The unknown and unlimited number of units are known as—
>
> (A) Finite population
>
> (B) Infinite population
>
> (C) Sampling errors
>
> (D) Correlation
>
> (E) All of these
>
> 20. The process of management covers—
>
> (A) Planning
>
> (B) Organising
>
> (C) Commanding
>
> (D) Co-ordination
>
> (E) All of these
>
> 21. Who is the author of 'General and Industrial Administration' ?
>
> (A) Mary Parker
>
> (B) Henry Fayol
>
> (C) Peter F. Drucker
>
> (D) C. I. Bernard
>
> (E) Douglas Mc-Gregor
>
> 22. Which of the following is/are type of plan ?
>
> (A) Policies
>
> (B) Procedure
>
> (C) Rules
>
> (D) Strategies
>
> (E) All of these
>
> 23. Which of the following decisions are made with regard to routine and
> recurring problems which require structured solution and which can be
> arrived at with the help of operating procedures and processes determined in
> advance ?
>
> (A) Programmed decisions
>
> (B) Non-Programmed decision
>
> (C) Strategic decision
>
> (D) Tractical decision
>
> (E) All of these
>
> 24. Which of the following is *not* internal sources of recruitment ?
>
> (A) Promotion
>
> (B) Contractors
>
> (C) Transfer
>
> (D) Trainees
>
> (E) Extension of service
>
> 25. Who classified human needs into five categories ?
>
> (A) Mc-Gregor
>
> (B) Maslow
>
> (C) F. L. Breach
>
> (D) Carool Shartle
>
> (E) Mc-Farland
>
> 26. Customer orientation is—
>
> (A) Marketing concept
>
> (B) Management concept
>
> (C) Financial concept
>
> (D) Accounting concept
>
> (E) All of these
>
> 27. Which of the following is/are Socio-economic forces ?
>
> (A) Customer
>
> (B) Competition
>
> (C) Substitute
>
> (D) Tradition
>
> (E) All of these
>
> 28. Marketing comprises—
>
> (A) Buying
>
> (B) Selling
>
> (C) Accounting
>
> (D) Financing
>
> (E) Buying and selling
>
> 29. The primary buying motives includes—
>
> (A) Food and Drink
>
> (B) Comfort
>
> (C) Social approval
>
> (D) Superior
>
> (E) All of these
>
> 30. A brand is a—
>
> (A) Name (B) Term
>
> (C) Symbol (D) Design
>
> (E) All of these
>
> 31. PLC means—
>
> (A) Product Life Cycle
>
> (B) Product Life Cost
>
> (C) Price Long Cost
>
> (D) Price Long Control
>
> (E) Product Life Control
>
> 32. Financial management is the application of planning and control function
> to the—
>
> (A) Accounting
>
> (B) Management
>
> (C) Finance
>
> (D) Marketing
>
> (E) Economic
>
> 33. Equity Capital < Loan Capital indicates—
>
> (A) Under Capitalisation
>
> (B) Over Capitalisation
>
> (C) Low Gear
>
> (D) Low Gear and Under Capi-talisation
>
> (E) All of these
>
> 34. Which of the following is/are element(s) of optimum capital structure ?
>
> (A) Minimum cost of capital
>
> (B) Minimum risk
>
> (C) Flexibility
>
> (D) Maximum profit
>
> (E) All of these
>
> 35. The pay back period method may be used for—
>
> (A) Cost of Capital
>
> (B) Capital Budgeting
>
> (C) Budgeting
>
> (D) Fund flow
>
> (E) All of these
>
> 36. Working capital turnover can be computed by—
>
> (A)
>
> (B)
>
> (C)
>
> (D)
>
> (E)
>
> 37. The difference of current assets and current liabilities is known as—
>
> (A) Working capital
>
> (B) Liabilities
>
> (C) Profit
>
> (D) Loss
>
> (E) Expenses
>
> 38. An operating cycle method includes—
>
> (A) Raw material
>
> (B) Finished goods
>
> (C) Debtors
>
> (D) Cash
>
> (E) All of these
>
> 39. When the borrowings are more than the capital stock, a company is said
> to be—
>
> (A) Trading on equity
>
> (B) Trading on thin equity
>
> (C) Trading on thick equity
>
> (D) All of these
>
> (E) None of these
>
> 40. Stock is a—
>
> (A) Current liabilities
>
> (B) Current assets
>
> (C) Fixed liabilities
>
> (D) Fixed assets
>
> (E) All of these
>
> 41. Which of the following is/are type of 'Test' ?
>
> (A) Mental Ability Test
>
> (B) Interest Test
>
> (C) Aptitude Test
>
> (D) Personality Test
>
> (E) All of these
>
> 42. Incentive Plan is—
>
> (A) Halsey Plan
>
> (B) Job Analysis
>
> (C) Compensation
>
> (D) Training Plan
>
> (E) All of these
>
> 43. Job redesign is a technique of enriching the Job characteristics with a
> view to improving the quality of—
>
> (A) Work life
>
> (B) Product life
>
> (C) Service life
>
> (D) All of these
>
> (E) None of these
>
> 44. The motivator of Hygiene factor is/are—
>
> (A) Achievement
>
> (B) Recognition
>
> (C) Responsibility
>
> (D) Growth
>
> (E) All of these
>
> 45. The modern Theories of Motiva-tion is *not* includes—
>
> (A) Human Relation Theory
>
> (B) Path Goal Theory
>
> (C) Z-Theory of Urwick
>
> (D) Net Assets Theory
>
> (E) All of these
>
> 46. The Banking Regulation Act introduced on—
>
> (A) 1940 (B) 1941
>
> (C) 1949 (D) 1950
>
> (E) 1951
>
> 47. The Bank of Venice, founded in—
>
> (A) 1150 (B) 1157
>
> (C) 1190 (D) 1912
>
> (E) 1930
>
> 48. The Private Bank is—
>
> (A) ICICI Bank
>
> (B) SBI
>
> (C) UCO Bank
>
> (D) Bank of Baroda
>
> (E) All of these
>
> 49. Which one of the following is Central Bank of India ?
>
> (A) Reserve Bank of India
>
> (B) State Bank of India
>
> (C) Punjab National Bank
>
> (D) ICICI Bank
>
> (E) UCO Bank
>
> 50. The ……… Commission sugges-ted the establishment of the Reserve Bank of
> India to act as a Central Bank.
>
> (A) Rajiv Gandhi
>
> (B) Hilton Young
>
> (C) Reddy's
>
> (D) Rangrajan
>
> (E) None of these
>
> *Answers :*
>
> 1. (d) 2. (e) 3. (a) 4. (a) 5. (e)
>
> 6. (b) 7. (a) 8. (c) 9. (a) 10. (c)
>
> 11. (e) 12. (a) 13. (a) 14. (a) 15. (a)
>
> 16. (d) 17. (c) 18. (a) 19. (b) 20. (e)
>
> 21. (b) 22. (e) 23. (a) 24. (b) 25. (b)
>
> 26. (a) 27. (e) 28. (e) 29. (e) 30. (e)
>
> 31. (a) 32. (c) 33. (a) 34. (e) 35. (b)
>
> 36. (b) 37. (a) 38. (e) 39. (c) 40. (b)
>
> 41. (e) 42. (a) 43. (a) 44. (e) 45. (d)
>
> 46. (c) 47. (b) 48. (a) 49. (a) 50. (b)
>
> --
> with warm regards
>
> Harish Sati
> Indira Gandhi National Open University (IGNOU)
> Maidan Garhi, New Delhi-110068
>
> (M) + 91 - 9990646343 | (E-mail) Harish.sati@gmail.com
>
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