UGC NET/JRF COMMERCE NOV 2017

#1. For which one of the basic reasons, the “Structural Adjustment Programme” was undertaken in India in 1991?

Curbing competition among private sector

Establishing predominant role of public sector

Establishing a free market economy

Regional balancing through planning and licensing

#2. The balance of property at cost has been ₹ 20,000 and ₹ 17,000 in 2015 and 2016, respectively. The profit on the sale of property of ₹ 2,000 is credited to Capital Reserve Account. New property costing ₹ 5,000 was bought in 2016. Determine the sale proceeds from property.

₹ 3,000

₹ 7,000

₹ 10,000

₹ 15,000

#3. Goodwill of a firm of X and Y is valued at ₹ 30,000. It is appearing in the books at ₹ 12,000. Z is admitted for 1/4 share. What amount he is supposed to bring for goodwill?

₹ 3,000

₹ 4,500

₹ 7,500

₹ 10,500

#4. A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-rata allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for?

40

44

48

52

#5. Which one of the following receipts is of revenue nature?

Amount realised from the sale of investments

Dividend received on investment

Amount borrowed from a bank

Compensation received from municipal corporation for the acquisition of land for the construction of road.

#6. Which one of the following statements is true?

Pure profit is the return in excess of the opportunity cost

Accounting profit is the excess of total revenue over and above the explicit and implicit costs

Profit maximization is the sole objective of the modern firms

Profit is maximum when the difference between marginal revenue and marginal cost is maximum

#7. Which one of the following is not the assumption on which the theory of consumer behaviour is based on the cardinal utility approach?

Rationality

Constant marginal utility from successive units

Constant marginal utility of money

Utility is measurable

#8. Which one of the following is not the basic property of indifference curves?

Negative slope

Indifference curves of two imperfect substitutes are concave to the point of origin

The indifference curves do not intersect nor are they tangent to one another

Upper indifference curves indicate a higher levels of satisfaction

#9. The scale of measurement which has no order, distance and unique origin is known as which one of the following?

Nominal scale

Ordinal scale

Interval scale

Ratio scale

#10. Which one of the following is not the characteristics of normal distribution?

Bell - shaped and symmetric

Mean, Median and Mode of the distribution are equal

The total area under the curve for the normal probability distribution is one

The two tails of the distribution in both the directions touches the horizontal axis

#11. As per the Herzberg’s Hygiene Theory of motivation, which among the following is not a motivational factor?

Recognition

Working Conditions

Responsibility

Achievements

#12. When Walt Disney World’s Magic kingdom lets customers visit a fairy kingdom, a pirate ship, or a haunted house, then what is marketed in this example?

Services

Events

Experiences

Ideas

#13. Which one of the following statements is true according to VALS framework of psychographic segmentation?

The consumers who are primarily motivated by ideals are guided by knowledge and principles.

The consumers who are motivated by achievement look for knowledge and principles.

The consumers who are motivated by self expression don’t desire social or physical activity, variety, and risk.

The consumers who are motivated by achievement desire social or physical activity, variety, and risk.

#14. Select the correct sequence for Hierarchy-of-effects model related to marketing communication:

Awareness→ Knowledge → Liking → Preference→ Conviction → Purchase

Knowledge → Awareness → Liking → Conviction → Preference → Purchase

Awareness → Liking → Knowledge → Conviction → Preference → Purchase

Liking → Awareness → Knowledge → Preference → Conviction → Purchase

#15. Which of the following statements is false?

The opportunity cost of an input is considered in capital budgeting

Capital budgeting decisions are reversible in nature

Cash flows and accounting profits are different

An expansion decision is a capital budgeting decision

#16. Main objective of employing Financial Leverage is to:

Reduce the risk associated with profits

Maintain the stability in profits

Decrease the cost of debt capital

Magnify the return on equity share capital

#17. Which one of the following is not a method of calculating cost of equity capital?

Dividend yield method

Dividend yield plus growth method

Yield to maturity method

Earnings yield method

#18. Which one of the following equates the present value of cash out flows and the present value of expected cash inflows from a project?

Net Present Value

Internal Rate of Return

Pay back Period

Accounting Rate of Return

#19. Which one of the following is not true?

Material resources are subject to laws of mechanics and they cannot have an output greater than the input.

Human resources are capable of exponential growth and development.

Human resources cannot yield an output that may be far greater than what the value of their input warrants.

In current scenario, gradually, the emphasis has shifted from muscle power to use of mind power.

#20. The pluralistic approach of industrial conflict is based on which one of the following basic assumption / premise?

That conflict occurs when the tendency of industrial society is to treat worker as an isolated individual and deprive him of all control over his environment

That an enterprise contain people with coalition of different interests

That industrial conflict is a part of the broader social conflict between classes

That no consensus is possible, in case of conflicts, because people are with different socio - cultural backgrounds.

#21. The Job Description Index (JDI) Technique is used for measuring which one of the following?

Job attitudes

Job descriptions/definitions

Job analysis records

Job skill requirements

#22. What is Hawala?

Tax evasion

Illegal trading in stock exchanges

Bank robbery

Illegal transactions of foreign exchange

#23. Who among the following has given Absolute Advantage Model of international trade?

Adam Smith

David Recardo

Hackscher Ohlin

William Petty

#24. Which among the following is not an international economic institution?

IMF

IBRD

ADB

IFRS