8.628 11.693 8.693 11...June 2006 Commerce (Paper-II) Note : This paper contains fifty (50)...

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( ii )

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CommerceUGC-NET/JRF Exam.,

Solved Papers

June 2006

Commerce(Paper-II)

Note : This paper contains fifty (50) objectivetype questions, each question carryingtwo (2) marks. Attempt all the questions.

1. No planning can start without setting—(A) Budget (B) Objectives(C) Powers (D) None of these

2. Forms of mixed Economy consists of—(A) Public Sector(B) Private Sector(C) Co-operative Sector(D) None of the above

3. According to which of the following account-ing principles, the owners of the business areconsidered as creditors ?(A) Money Measurement(B) Cost(C) Dual Aspect(D) Separate Entity

4. Under how many headings, the cash flowstatement shows the flow of cash and cashequivalents ?(A) 1 (B) 2(C) 3 (D) 4

5. All the following curves are U-shaped :except—(A) AVC Curve (B) AFC Curve(C) AC Curve (D) MC Curve

6. The Cobb-Douglas production function Q = 4K0·6 L0·3 Exhibits—(A) Constant returns to scale(B) Increasing returns to scale(C) Decreasing returns to scale(D) None of the above

7. Multistage stratified random sampling is—(A) Probability Sampling(B) Selective Sampling(C) Non-Probability Sampling(D) None of the above

8. Which of the following are considered outputunits of a computer ?(A) Floppy Disk, Dat, CD etc.(B) Printers(C) Video Display Unit(D) Micro-film

9. Process of delegation of authority involves—(A) Transfer of authority(B) Transfer of responsibility(C) Transfer of authority and responsibility(D) Transfer of key management functions

10. SWOT Analysis is used in which of thefollowing managerial function ?(A) Organising(B) Decision Making(C) Motivating(D) Directing and Controlling

11. Which of the following is the function ofdistribution channel ?(A) Fixing prices(B) Communication of decisions(C) Promotional activities(D) All of the above

12. Product Lines Cover—(A) General retailer(B) One price retailer(C) Departmental Stores(D) All of the above

4 | UGC Commerce Solved Papers

13. Which one of the following is not a leverageratio ?(A) Total debt ratio(B) Debt-Equity ratio(C) Interest Coverage ratio(D) Quick ratio

14. Pay-back period method is also called as—(A) Pay-out method (B) Pay-off method(C) Pay-back method (D) All of the above

15. Human relations approach of Management isassociated with—(A) Abraham Maslow(B) Elton Mayo(C) Peter Drucker(D) Frederick Herzberg

16. Attrition is related to—(A) Job description(B) Job Evaluation(C) Resignation/Termination(D) Promotion

17. The nationalised New Bank of India was latermerged with—(A) Central Bank of India(B) Bank of Baroda(C) Punjab National Bank(D) Canara Bank

18. The first Financial Institution set-up in India—(A) IDBI (B) ICICI(C) IRBI (D) IFCI

19. Which section is not of balance of payment ?(A) Current Account(B) Capital Account(C) Official Reserve Account(D) Loss Accounts

20. Which conference had given birth to Interna-tional Monetary Fund ?(A) Uruguay Round Conference(B) Round Table Conference(C) Brettonwoods Conference(D) Simla Conference

21. Which one of the following pairs is notcorrectly matched ?(A) Installation of a Machine : Installation

Cost A/c(B) Relevant Cost : Decision Making

(C) Valuation of Share : Purchase of a com-pany

(D) Break-even Analysis : Margin of Safety

22. Which of the following is not a form oforganisation ?1. Line Organisation2. Staff Organisation3. Functional Organisation4. Committee OrganisationCodes :(A) 1, 2, 3 and 4 (B) 1, 2 and 4(C) 1, 3 and 4 (D) Only 2

23. For profit maximization of a firm we musthave—1. MC = MR2. Marginal cost curve cuts the average

cost curve from below(A) Only 1 is true(B) Only 2 is true(C) Both 1 and 2 are wrong(D) Both 1 and 2 are true

24. Analysis of variance technique is normallyused when—1. Number of samples are more than two2. All the samples follow Independent nor-

mal distribution with equal variance(A) Only 1 is true(B) Only 2 is true(C) Both 1 and 2 are true(D) Neither 1 nor 2 is true

25. Which of the following Economic Systemsoccured first ?(A) Laises—Fare System(B) Socialism(C) Communism(D) Capitalism

26. Arrange the following events in the order oftheir occurrence—1. Companies Act2. Partnership Act3. Formation of ICAI4. Accounting Standard 3 (revised)Codes :(A) 1, 2, 3, 4 (B) 2, 3, 4, 1(C) 3, 2, 1, 4 (D) 2, 3, 1, 4

UGC Commerce Solved Papers | 5

27. National Income may be determinedthrough—

(A) Income Approach

(B) Expenditure Approach

(C) Productivity Approach

(D) All of the above

28. Standard Error of Mean is defined as—

(A) Standard deviation of the sampling distri-bution of Mean

(B) Average of sampling distribution of Mean

(C) Inter-Quartile range of sampling distribu-tion of mean

(D) Correlation coefficient between thesampling distribution of mean and popu-lation mean

29. Which one of the following is not involved inthe characteristics of Business Ethics ?

(A) Business ethics is a dynamic philosophy

(B) Business ethics is based on moral value

(C) Business ethics influenced by Socio-cultural value

(D) Business ethics is not inspired by SocialWelfare

30. Management of Sales force involves—

(A) Selection of Salesman

(B) Remuneration to Salesman

(C) Training of Salesman

(D) All of the above

31. Working Capital cycle involves the follow-ing—

1. Acquisition of raw materials

2. Finished goods

3. Receivables

4. Cash5. Work-in-progressWhich of the sequence is correct ?Codes :(A) 4, 3, 1, 5, 2 (B) 1, 2, 3, 4, 5(C) 1, 5, 2, 3, 4 (D) 4, 1, 2, 3, 5

32. Which of the following needs comes last inthe Maslow’s need hierarchy theory ?(A) Safety needs(B) Self Actualisation

(C) Belongingness and Love needs(D) Self-esteem needs

33. Arrange the following banks in order inwhich they were established—

1. IDBI 2. IFCI

3. SIDBI 4. IIBI

Codes :(A) 2, 1, 3, 4 (B) 2, 1, 4, 3

(C) 1, 2, 3, 4 (D) 1, 2, 4, 3

34. Arrange the following Acts in the order inwhich they came into force—

1. The Monopolies & Restrictive TradePractices Act

2. Indian Contract Act

3. The Sale of Goods Act

4. The Foreign Exchange Management Act

Codes :(A) 2, 3, 1, 4 (B) 3, 1, 4, 2

(C) 1, 2, 3, 4 (D) 4, 3, 2, 1

35. Match the following—

List-I (Industry)

(a) Small Scale Enterprise

(b) Tiny Enterprise

(c) SME Sector Enterprise

(d) Export Oriented Small Scale Enterprise

List-II (Investment Limit)

1. 25 Lakh 2. 10 crore

3. 5 crore 4. 1 crore

Codes :(a) (b) (c) (d)

(A) 4 1 3 2

(B) 4 1 2 3

(C) 4 2 1 3

(D) 4 2 3 1

36. Match the following :

List-I

(a) Fixed Capital A/c

(b) Deferred Revenue Expenditure

(c) Responsibility Centre

(d) Combination Movement

6 | UGC Commerce Solved Papers

List-II1. Residual Income

2. Amalgamation

3. Current A/c

4. Advertisement for a new product

Codes :

(a) (b) (c) (d)

(A) 4 3 1 2

(B) 3 4 1 2

(C) 3 4 2 1

(D) 3 1 4 2


List-I

(a) Average Total Cost

(b) Average fixed Cost

(c) Average Variable Cost

(d) Marginal Cost

List-II

1. Variable Cost ÷ Quantity of Output

2. Total Cost ÷ Quantity of Output

3. Fixed Cost ÷ Quantity of Output

4. The increase in total cost that arises fromextra unit of production


(A) 3 1 2 4

(B) 1 2 3 4

(C) 2 3 1 4

(D) 3 4 2 1


List-I

(a) Variable

(b) Discrete Variable

(c) Continuous Variable

(d) Sample

List-II

1. A quantitative characteristic of anelementary unit measured on atleast aninterval scale and has value with in fixedfinite interval

2. Any portion drawn from a population

3. A quantitative characteristic of anelementary unit that may vary from unitto unit

4. A variable whose values are restricted tointeger values only


(A) 1 2 3 4(B) 4 3 2 1(C) 1 3 4 2(D) 3 4 1 2

39. Match the following List-I with List-II—List-I (Management Thinker)

(a) Schneidher, Arnold E.(b) Koehter J. W.(c) Bassett, Glenn A.(d) Berlo David K.

List-II (Books)1. Organisational Communication2. Organisational Communication Behavi-

oural Perspective3. The New Face of Communication4. The Process of CommunicationCodes :

(a) (b) (c) (d)(A) 1 2 3 4(B) 1 3 2 4(C) 4 3 1 2(D) 2 3 1 4

40. Match the following List-I with List-II—

List-I List-II(a) Purchase 1. Purchasing Criteria(b) Situational 2. New Markets(c) Personal 3. Risk Factor(d) Physical 4. Location


(A) 1 2 3 4(B) 2 3 1 4(C) 3 1 2 4(D) 4 2 3 1

41. Match the following—List-I

(a) ARR (b) Pay-back method(c) NPV (d) IRR

UGC Commerce Solved Papers | 7

List-II1. Present value of Cash inflow-Present

value of Cash outflow2. Yield on investment

3.Average Income

Average Investment

4.Investment

Annual Cash Flow


(A) 3 4 2 1(B) 3 4 1 2(C) 4 3 2 1(D) 4 3 1 2


List-I List-II(a) Personality Test 1. Skill Test(b) Achievement Test 2. Job knowledge test(c) Aptitude Test 3. Group Discussion(d) Situational Test 4. Projective test


(A) 4 2 1 3(B) 4 2 3 1(C) 2 4 1 3(D) 1 3 4 2


List-I (Financial Institutions)(a) ECGC(b) GIC(c) HUDCO(d) ICICI Bank

List-II (Nature of activity)1. Re-insurance2. Housing Development3. A private bank4. Trade


(A) 4 1 3 2(B) 4 2 1 3(C) 1 4 2 3(D) 4 1 2 3


List-I List-II(a) IBRD 1. Uruguay Round(b) WTO 2. ECAFE(c) ADB 3. Bretton Wood(d) IDA 4. Established by World Bank


(A) 3 1 2 4(B) 3 1 4 2(C) 1 3 2 4(D) 1 2 3 4

Directions—Read the following passage andanswer the questions from 45 to 50.

Agricultural Insurance SchemeMore than half a dozen farm insurance

schemes have been tried out in the past two and ahalf decades, but no one has worked. Successiveinsurance models proved unsustainable becausethey were neither economically viable, nor suitedto cover the varied risks that beset crop farming.The implementing insurance companies haveinvariably ended up paying compensation severaltimes the premium collected. The existing NationalAgricultural Insurance Scheme (NAIS), which isnow sought to be replaced\ with its fresh avatar,has had to cope with claims of over 5,730 crore,more than three times the premium income of 1,700 crore. The parallel farm ‘income insurance’scheme, aimed at covering risk ranging from adrop in yield to poor prices, tried out on a pilotbasis in the last few crop seasons, has also notworked. What needs to be realised is that agri-cultural insurance is an inherently complicatedbusiness because of the many risks involved infarming. The formidable functional and practicalproblems that ensue relate to the extent of areathat should constitute the unit for assessingdamage, and the benchmark for assessing the loseincurred, on the basis of the income that mighthave accrued to the farmer in the absence of yield-reducing factors like adverse weather, pest,disease, or natural disasters.45. Which scheme is going to be replaced by the

new insurance scheme ?(A) Crop insurance scheme(B) Agricultural insurance scheme(C) NAIS(D) None of the above

UGC NET/JRF Exam Solved PapersCommerce

Publisher : Upkar Prakashan ISBN : 9789350134429 Author : Pratiyogita Darpan

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8.628 11.693 8.693 11...June 2006 Commerce (Paper-II) Note : This paper contains fifty (50)...

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