UGC NET/JRF COMMERCE JAN 2017

#1. From which Five Year Plan “Growth with Social Justice” has received emphasis ?

5th

6th

7th

10th

#2. Which of the following is not the objective of the Competition Act, 2002?

Prohibition of Restrictive Trade Practices.

Prohibition of Dominant Position

Prohibition of Anti-competitive Agreements

Regulation of Combinations

#3. Consolidated financial statements are prepared on the principle

In form the companies are one entity, in substance they are separate.

In form companies are separate, in substance they are one.

In form and substance the companies are one entity.

In form and substance the companies are separate.

#4. Which one of the following statements is true about standard labour time?

Standard labour time indicates the time in hours needed for a specific process.

It is standardized on the basis of past experience.

In fixing standard time due allowance should not be given to fatigue and tool setting.

The Production Manager does not provide any input in setting the labour time standards.

#5. The Kinked demand curve model of oligopoly was developed by

Augustin Cournot

Stackelberg

Edgeworth

Sweezy

#6. Under the yield method of valuation of equity share capital, if for an equity share of ₹ 50, the normal rate of return is 10% and expected rate of return is 5%, then the value of an equity share will be

₹ 25

₹ 40

₹ 50

₹ 100

#7. For the success of the penetration price policy, which one of the following is not desirable?

Short-run demand for the product to have elasticity greater than unity.

Availability of economies of large scale production.

Product to have very low cross-elasticity of demand.

Easy acceptance and adoption of the product by the consumers.

#8. Which one of the following is a false statement?

The signs of the regression coefficients are always the same.

Correlation coefficient is the geometric mean of the two regression coefficients.

The co-variance between two variables divided by the product of their standard deviations produces the value of coefficient of correlation.

Coefficient of correlation is independent of origin but not of scale.

#9. If the two regression coefficients are 0.8 and 0.2, then the value of coefficient of correlation is

– 0.16

+ 0.50

+ 0.40

– 0.40

#10. Process of arranging data into a new order is called

Manipulation of data

Standardization of data

Sequencing of data

Standardized input

#11. Developed by the Special Projects Office of the U.S. Navy; this technique was first formally applied to the planning and control of the Polaris Weapon System in 1958 and worked well in expediting the completion of that programme. The technique is known as

Gantt Chart

PERT

CRM

Milestone budgeting

#12. The marketing task which finds ways to alter the time pattern of demand through flexible pricing, promotion and other incentives is called

Demarketing

Synchromarketing

Fleximarketing

Gorilla Marketing

#13. Which of the following is not a reason for a firm to lose its market share to competitors?

A product/model is perceived by the target customer group as satisfying needs.

Customers not being covered by the company’s sales force and distribution outlets.

Customers may have been lost to competitors due to poor service by the firm or its sales personnel or product becoming obsolete or more expensive.

All the above are correct reasons for given condition.

#14. An elaborated version of the idea expressed in meaningful consumer term is called

Product image

Product idea

Product concept

Prototype

#15. Debt financing is a cheaper source of finance because of

Time value of money

Rate of interest

Tax deductibility of interest

Dividends are not payable to lenders

#16. Which of the following is not true with reference to capital budgeting?

Capital budgeting is related to asset replacement decisions.

Cost of capital is equal to minimum required rate of return.

Timing of cash flows is relevant.

Existing investment in a project is not treated as sunk cost.

#17. Which of the following statements is not correct?

The cost of capital is required rate of return to ascertain the value of the firm.

Different sources of funds have a specific cost of capital related to that source only.

Cost of capital does not comprise any risk premium.

Cost of capital is basic data for NPV technique.

#18. Which of the following is not the quality of human resources in any organization?

Their behaviour to stimuli is often inconsistent and unpredictable.

They depreciate with passage of time in terms of skills.

They are heterogeneous.

Retaining qualified human resources is a challenge for managers.

#19. A statement containing items such as job title, location, summary, duties, materials used, working conditions etc., is called

Job specification

Job evaluation

Job description

Job analysis

#20. Which organizational analysis method is used, among the following, to develop various efficiency indices relating to contribution of human capital in meeting the organizational goals?

Objectives analysis

Resource utilization analysis

Task analysis

Organizational climate analysis

#21. In which year, IFCI Act was amended in order to make it possible to provide assistance, inter alia, for medical, health or other allied services?

1960

1970

1973

1986

#22. SIDBI was set up as a subsidiary of IDBI to

Take over the functions of small business financing of IDBI.

Take over the venture capital operations of ICICI.

Reconstruct and rehabilitate the sick and closed industrial units financed by IDBI.

Facilitate, finance and promote India’s Foreign trade.

#23. Letters of credit, Guarantees, Forward Contracts etc., come under which one of the following?

Liabilities of a bank

Assets of a bank

Foreign exchange items of a bank

Off-balance sheet items of a bank