ugcnetonline.in NET Commerce Model Question Paper : University Grants Commission

Name of the Organization : University Grants Commission
Type of the Exam : UGC National Eligibility Test NET
Subject : Commerce
Year : 2014
Document Type : Model Question Paper
Website : http://www.ugcnetonline.in/question_papers_june2014.php

Download Model Question Paper :
Paper – II : https://www.pdfquestion.in/uploads/12904-CommerceII.pdf
Paper – III : https://www.pdfquestion.in/uploads/12904-CommerceIII.pdf

NET Commerce Model Question Paper :

Note :
** This paper contains fifty (50) objective type questions of two (2) marks each.
** All questions are compulsory.

Related : University Grants Commission NET Anthropology Model Question Paper : www.pdfquestion.in/12901.html

1. There is acute shortage of electricity in some of the states in India. This reflects a problem in which type of business environment ?
(A) Economic
(B) Demographic
(C) Politico-legal
(D) Socio-cultural

2. Match the items given in List-I and List-II.
List – I List – II
(a) Economic liberalisation (i) IT-enabled services
(b) Out sourcing (ii) SFIO
(c) Corporate frauds (iii) Macro economic stability
(d) Second generation reforms (iv) Increased competition
Indicate the correct combination :
Codes :
(a) (b) (c) (d)
(A) (i) (ii) (iii) (iv)
(B) (i) (iii) (ii) (iv)
(C) (ii) (iii) (iv) (i)
(D) (iv) (i) (ii) (iii)

3. Which of the following is true ?
(A) A consumer court setup under the Consumer Protection Act, does not have the power to punish for its contempt.
(B) Professional services are outside the purview of the CPA.
(C) A consumer court cannot force a person indulging in misleading advertising to confess his quit.
(D) None of the above.

4. Match the items/terms given in List-I with those given in and List-II.
List – I List – II
(a) BIS (i) Print Media
(b) CERC (ii) Minimum support price for agricultural products.
(c) CACP (iii) Quality of manufactured products.
(d) PCI (iv) Comparative product testing.
Indicate the correct answer :
Codes :
(a) (b) (c) (d)
(A) (iv) (iii) (ii) (i)
(B) (i) (ii) (iii) (iv)
(C) (iii) (iv) (ii) (i)
(D) (ii) (iii) (iv) (i)

5. Which one among the following is not the salient feature of industrial policy since 1991 ?
(A) Enormous expansion of the private sector.
(B) Redefining the role of public sector.
(C) Limited exposure of Indian industry to foreign competition.
(D) Pruning of the list of items reserved for SSI units.

6. A, a partner in a firm, is drawing 500 regularly on the 16th of every month. He will have to pay interest at the given rate in a year on 6000 for the total period of
(A) 5 months
(B) 6 months
(C) 7 months
(D) 12 months

7. 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
(A) Capital expenditures
(B) Revenue expenditures
(C) Deferred Revenue expenditures
(D) None of the above

8. Marginal-costing technique is useful for
(A) Make or Buy decisions
(B) Profit planning
(C) Shut-down decisions
(D) All of the above

9. Which one is not a feature of budgetary control ?
(A) A tool for management control.
(B) An instrument of delegation and authority.
(C) An instrument for evaluating the overall performance.
(D) A statement of budget and forecasts.

10. The Debt-Equity Ratio of a company is 2 : 1. In this relation, match the following
List – I List – II
(a) Issue of equity shares 1. No change on the ratio
(b) Cash received from debtors 2. Reduce the ratio
(c) Redemption of debentures 3. No change on the ratio
(d) Purchased goods on credit 4. Reduce the ratio
Codes :
(a) (b) (c) (d)
(A) 1 2 3 4
(B) 2 3 4 1
(C) 1 3 4 2
(D) 2 4 1 3

11. Which one of the following does not explain the basic nature of Business economics ?
(A) Behaviour of firms in theory and practice.
(B) Distribution theories like rent, wages and interest along with the theory of profit.
(C) Use of the tools of economic analysis in clarifying problems in organising and evaluating information and in comparing alternative courses of action.
(D) Integration of economic theory with business practices for the purpose of facilitating decisionmaking.

12. At a point of satiety for a commodity the marginal utility is
(A) Negative
(B) Positive
(C) Zero
(D) Highly positive

13. A rectangular hyperbola shaped demand curve on all its points has
(A) Equal slopes and equal point elasticities.
(B) Unequal slopes and unequal point elasticities.
(C) Unequal slopes and equal point elasticities.
(D) Equal slopes and unequal point elasticities.

14. Assertion (A) : A perfectly competitive firm is not a pricemaker but is a price-taker.
Reason (R) : The firm is interested in deciding the level of output only.
Codes :
(A) Both (A) and (R) are true.
(B) Both (A) and (R) are false.
(C) (A) is false, while (R) is true.
(D) (A) is true, but (R) is not a correct explanation of (A).

15. Match the items of List-I with the items of List-II.
List – I List – II
(a) A market having high price elasticity. I. Skimming pricing
(b) A market having high price inelasticity II. Differential pricing
(c) A market having several segments differing prominently with regard to price elasticities of their demand. III. Penetrating pricing
Codes :
I II III
(A) (b), (c), (a)
(B) (a), (b), (c)
(C) (b), (a), (c)
(D) (a), (c), (b)

16. Which one of the following options deals with the process of making estimates, predictions and decisions ?
(A) Descriptive statistics
(B) Inferential statistics
(C) Probability theory
(D) None of the above

17. 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 (a) in this test ?
(A) 0.10
(B) 0.05
(C) 0.01
(D) 0.50

18. If the dependent variable increases as the independent variable increases in an estimating equation, the coefficient of correlation will be in the range
(A) 0 to (–) 1
(B) 0 to (–) 0
(C) 0 to (–) 0.05
(D) 0 to 1

19. Assertion (A) : When there is an evidence of a linear relationship between two variables, it may not always mean an independentdependent relationship between the two variables.
Reason (R) : The causal relationship between the two variables may not imply a reasonable theoretical relationship between the two.
Choose the right answer from the following statements :
Codes :
(A) Both (A) and (R) are true and (R) is the correct explanation.
(B) Both (A) and (R) are true, but (R) is not the correct explanation.
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.

20. Assertion (A) : User interface is most critical task in DSS design
Reason (R) : DSS is used by outside Customers frequently.
(A) (A) is correct, but (R) is wrong.
(B) Both (A) and (R) are wrong.
(C) (A) is wrong, but (R) is correct.
(D) Both (A) and (R) are correct.