UGC NET/JRF COMMERCE DEC 2014

#1. Which among the following is not a correct sequential combination ?

Macro Environment → Economic Environment → National Income → Pattern of Income Distribution

Business Environment → Internal Environment → Business Ethics → Payment of Fair Wages

Business Environment → External Environment → Micro Environment → Suppliers

Macro Environment → External Environment → Customers → Prospects of Business Development

#2. Which among the following is not a correct combination ?

Industrial Policy – 1948

Industrial Policy Statement – 1977

Industrial Policy Statement – 1980

Industrial Policy Statement – 1991

#3. Current Ratio 2.5, Liquid Ratio 1.5 and Working Capital ₹ 60,000. What is Current Assets ?

₹ 60,000

₹ 80,000

₹ 1,00,000

₹ 1,20,000

#4. X, Y, Z are sharing profits in the ratio of 6 : 5 : 3. A is admitted into partnership for 1/8th share. The sacrificing ratio of X, Y and Z is

Equal

6 : 5 : 3

5/14, 4/14, 5/14

4 : 5 : 5

#5. “Make sufficient provisions for future losses, but do not anticipate future profits.” This statement is in accordance to the concept of :

Matching

Objectivity

Conservatism

Materiality

#6. When a firm is dissolved, profit or loss on realisation is shared by the partners

Equal

In the ratio of their capital balances

In the profit sharing ratio

In the ratio laid down in Garner Vs. Murray

#7. The inverse relationship between variations in the price and quantity demanded is not due to

Income Effects

Substitution Effects

Future Expectations

Law of Diminishing Marginal Utility

#8. Consumer is said to be in equilibrium, maximizing his total utility, when

the marginal utilities of the two goods consumed are equal.

the proportions of the marginal utilities and respective prices are equal.

the consumer gets full satisfaction from the consumption.

the consumer feels satisfied with his expenditure on the various goods.

#9. Which one of the following is not probability sampling method ?

Simple Random Sampling

Cluster Sampling

Judgemental Sampling

Systematic Sampling

#10. The research carried out to expand the knowledge of a particular field is known as

Applied research

Qualitative research

Quantitative research

Basic research

#11. In univariate data analysis t-test is used when the data are in the form of

Metric data with one sample

Non-metric data

Non-metric data with independent variable

Metric data with independent two sample

#12. To show the trend for a variable, which one of the presentation method is used ?

Histogram

Frequency polygon

Line graph

Scatter graph

#13. Which one of the following objectives is not the objective of secondary data collection ?

Identify the problem

Test the hypotheses of the relevant present problem

Better define the problem

Interpret primary data more insightfully

#14. The structure of an organisation in which there is separation of ownership and management is called

Sole proprietorship

Partnership

Company

Cooperative society

#15. When a person transacts with a company on matters which is beyond the power of the company, the person will be governed by the Doctrine of

Management by Exception

Constructive Notice

Indoor Management

Self Management

#16. The appropriate sequence of the formation of a company are in the following order :

Promotion, commencement of business and incorporation

Promotion, incorporation, capital subscription and commencement of business

Capital subscription, promotion, incorporation and commencement of business

Incorporation, capital subscription, commencement of business and promotion

#17. Delegation of authority makes the size of the organization :

Smaller organization

Larger organization

Very big organization

It does not affect the size of the organization

#18. Managerial Grid suggests the following as the best leader behaviour :

High structure and high consideration

Low structure and low consideration

High concern both for production and people

Low concern both for production and people

#19. Marketing strategy development is also known as

Marketing Control

Marketing Exercise

Marketing Planning

Situation Analysis

#20. For most people, the purchase of cheese for daily use can be described as a

Completely novel buy

Modified re-buy

Routine re-buy

High involvement product

#21. The promotion mix of a company consists of these –

Marketing communication, promotion decisions

Personal selling, product objectives

Advertising, personal selling, sales promotion , publicity and public relations

Consumer psychology, buyers motives, brand equity

#22. Rational buying motives that determine purchase decisions are mostly based on

Price factor

Psychological factors

Quality of product

#23. Dividend capitalisation model was developed by

Ezra Solomon

Myron J. Gordon

James E. Walter

Merton H. Miller and Franco Modigliani

#24. The process of narrowing a large number of candidates to a smaller field is called

Rushing

Recruitment

Selection

Enrollment

#25. According to which theory, people are motivated to the extent to which they expect that their actions will help in achievement of goals ?

Vroom’s Vector Valence Theory

Need Theory

Z Theory

X Theory

#26. The main characteristics of Weber’s bureaucracy are :

Specialization

Hierarchy of authority

System of rules

All of the above

#27. Phishing is an attempt to acquire :

Loan from unauthorized firms

Sensitive information such as username, password, etc.

Personal information from banks

None of the above

#28. What is Call Money ?

Money borrowed or lent for a day or overnight.

Money borrowed for more than one day but upto 3 days.

Money borrowed for more than one day but upto 7 days.

Money borrowed for more than one day but upto 14 days.

#29. The Regulatory Authority of Regional Rural Banks is

NABARD

Central Government

State Government

Sponsor Bank

#30. Which of the following is not ensured to the consumer in the globalization ?

Lower prices

Better selection

Clear origin of goods and services

Improved services

#31. In international trade which of the following is a non-tariff trade barrier ?

Quotas

Import bans

Export controls

Anti dumping laws

#32. Which of the following is not the agency of World Bank ?

MIGA

ICSID

ADB

IDA