UGC NET/JRF COMMERCE JUN 2014

#1. There is acute shortage of electricity in some of the states in India. This reflects a problem in which type of business environment ?

Economic

Demographic

Politico-legal

Socio-cultural

#2. Which of the following is true ?

A consumer court setup under the Consumer Protection Act, does not have the power to punish for its contempt.

Professional services are outside the purview of the CPA.

A consumer court cannot force a person indulging in misleading advertising to confess his quit.

None of the above.

#3. Which one among the following is not the salient feature of industrial policy since 1991 ?

Enormous expansion of the private sector.

Redefining the role of public sector.

Limited exposure of Indian industry to foreign competition.

Pruning of the list of items reserved for SSI units.

#4. Subsequent expenditures that extend the useful life, improve the quality of output, or reduce operating costs of an existing asset beyond their originally estimated levels are

Capital expenditures

Revenue expenditures

Deferred Revenue expenditures

None of the above

#5. Marginal-costing technique is useful for

Make or Buy decisions

Profit planning

Shut-down decisions

All of the above

#6. Which one is not a feature of budgetary control ?

A tool for management control.

An instrument of delegation and authority.

An instrument for evaluating the overall performance.

A statement of budget and forecasts.

#7. Which one of the following does not explain the basic nature of Business economics ?

Behaviour of firms in theory and practice.

Distribution theories like rent, wages and interest along with the theory of profit.

Use of the tools of economic analysis in clarifying problems in organising and evaluating information and in comparing alternative courses of action.

Integration of economic theory with business practices for the purpose of facilitating decision-making.

#8. At a point of satiety for a commodity the marginal utility is

Negative

Positive

Zero

Highly positive

#9. A rectangular hyperbola shaped demand curve on all its points has

Equal slopes and equal point elasticities.

Unequal slopes and unequal point elasticities.

Unequal slopes and equal point elasticities.

Equal slopes and unequal point elasticities.

#10. Which one of the following options deals with the process of making estimates, predictions and decisions ?

Descriptive statistics

Inferential statistics

Probability theory

None of the above

#11. A hypothesis test is being performed for a process in which a Type-I error will be very costly, but a Type-II error will be relatively inexpensive and unimportant. Which of the following would be the best choice for alpha (α) in this test ?

0.10

0.05

0.01

0.50

#12. If the dependent variable increases as the independent variable increases in an estimating equation, the coefficient of correlation will be in the range

0 to (–) 1

0 to (–) 0

0 to (–) 0.05

0 to 1

#13. Which of the following is not true about Matrix Organisation ?

It is relatively permanent.

Its project managers authority is distributed reasonably.

There is slow information processing.

Its project heads have to share resources with functional heads.

#14. Who has modified Maslow’s Hierarchical levels of needs and developed ERG model ?

Frederick Herzberg

David C. McClelland

Douglas McGregor

Clayton Alderfer

#15. Taylor’s differential piece work plan provides that

All labourers should be assigned different amount of work.

All labourers should be put in different time-period.

Those who produce above standard should receive higher wages than those producing below standard.

Payment should be the same on a fixed standard.

#16. Which one of the following stages of the marketing research process is most expensive ?

Data analysis

Data collection

Developing the research plan

Report writing

#17. The people to adopt a new product first are called

Early adopters

First users

Initial adopters

Innovators

#18. A concept in retailing that helps explain the emergence of new retailers is called the ______ hypothesis.

Product life cycle

Service assortment

Retail life cycle

‘Wheel-of-retailing’

#19. Manufacturers of cars and motor cycles typically seek_______ distribution.

selective

intensive

exclusive

restrictive

#20. Which method of setting advertising budget is most scientific and logical ?

All-you-can afford method

Competitive parity method

Objective-and-task method

Percentage-of-sales method

#21. Which one of the following assumptions is not covered in the Walter’s Model of the dividend policy ?

All financing is done through retained earnings.

Firm’s business risk does not change due to additional investments.

The firm has an infinite life.

The key variables like EPS and DPS keep on changing.

#22. Which one of the following emphasizes the qualitative aspects of working capital management ?

Gross working capital

Quick working capital

Net working capital

None of the above

#23. Which of the following training methods exposes the newly recruited employee to the various business functions, divisions and departments ?

Orientation

Vestibule Training

Transition Analysis

Role playing

#24. Who was closely associated with industrial relations in India ?

B. Kurien

Gadgil

V.V. Giri

Vinoba Bhave

#25. Under the Trade Union Act 1926, how many minimum number of members are required for a trade union to be registered ?

5

7

9

11

#26. The idea that a manager tends to be promoted to a level of his incompetence is referred to as

the advancement principle

the Paul principle

the Peter principle

the job design principle

#27. Which of the following committees is intended to review the working of the monetory system in India ?

Narasimham Committee

Tandon Committee

Sukhamoy Chakravarty Committee

Deheja Committee

#28. According to the FDI Policy of the Government of India (2012), the FDI in banks is limited to

20% in Nationalised Banks and 74% in Private Sector Banks.

20% in Nationalised Banks and 49% in Private Sector Banks.

16% in Nationalised Banks and 74% in Private Sector Banks.

49% in Nationalised Banks and 51% in Private Sector Banks.

#29. According to the recent guidelines (2013) of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of

₹ 300 crores

₹ 200 crores

₹ 400 crores

₹ 500 crores

#30. International trade theory which provides that capital intensive country should export labour-intensive goods and import capital goods is referred to as

Leontief Paradox

Heckscher-Ohlin Theory

Mercantilism Theory

Theory of Comparative Advantage

#31. Which of the following is not a form of economic integration in the context of intra-regional trade ?

Customs Union

European Union

Economic Union

African Union

#32. ‘Crawling Peg System’ means

Fixed Exchange Rate System.

Floating Exchange Rate System.

Hybrid of Fixed and Floating Exchange System.

None of the above.

#33. From the following modes of international business, identify the mode which involves strategic alliance

Franchising

Leasing

Turnkey Project

Joint venture

UGC NET/JRF COMMERCE JUN 2014

Results

#1. There is acute shortage of electricity in some of the states in India. This reflects a problem in which type of business environment ?

#2. Which of the following is true ?

#3. Which one among the following is not the salient feature of industrial policy since 1991 ?

#4. Subsequent expenditures that extend the useful life, improve the quality of output, or reduce operating costs of an existing asset beyond their originally estimated levels are

#5. Marginal-costing technique is useful for

#6. Which one is not a feature of budgetary control ?

#7. Which one of the following does not explain the basic nature of Business economics ?

#8. At a point of satiety for a commodity the marginal utility is

#9. A rectangular hyperbola shaped demand curve on all its points has

#10. Which one of the following options deals with the process of making estimates, predictions and decisions ?

#11. A hypothesis test is being performed for a process in which a Type-I error will be very costly, but a Type-II error will be relatively inexpensive and unimportant. Which of the following would be the best choice for alpha (α) in this test ?

#12. If the dependent variable increases as the independent variable increases in an estimating equation, the coefficient of correlation will be in the range

#13. Which of the following is not true about Matrix Organisation ?

#14. Who has modified Maslow’s Hierarchical levels of needs and developed ERG model ?

#15. Taylor’s differential piece work plan provides that

#16. Which one of the following stages of the marketing research process is most expensive ?

#17. The people to adopt a new product first are called

#18. A concept in retailing that helps explain the emergence of new retailers is called the ______ hypothesis.

#19. Manufacturers of cars and motor cycles typically seek_______ distribution.

#20. Which method of setting advertising budget is most scientific and logical ?

#21. Which one of the following assumptions is not covered in the Walter’s Model of the dividend policy ?

#22. Which one of the following emphasizes the qualitative aspects of working capital management ?

#23. Which of the following training methods exposes the newly recruited employee to the various business functions, divisions and departments ?

#24. Who was closely associated with industrial relations in India ?

#25. Under the Trade Union Act 1926, how many minimum number of members are required for a trade union to be registered ?

#26. The idea that a manager tends to be promoted to a level of his incompetence is referred to as

#27. Which of the following committees is intended to review the working of the monetory system in India ?

#28. According to the FDI Policy of the Government of India (2012), the FDI in banks is limited to

#29. According to the recent guidelines (2013) of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of

#30. International trade theory which provides that capital intensive country should export labour-intensive goods and import capital goods is referred to as

#31. Which of the following is not a form of economic integration in the context of intra-regional trade ?

#32. ‘Crawling Peg System’ means

#33. From the following modes of international business, identify the mode which involves strategic alliance