Mother Teresa Women’s University TNSET Commerce Question Paper 2017 : Tamil Nadu State Eligibility Test

University : Mother Teresa Women’s University
Exam : TNSET – Tamil Nadu State Eligibility Test
Document Type : Sample Question Paper
Year : 2017
Subject : Commerce

Website : http://www.motherteresawomenuniv.ac.in/
Download Question Paper :
SET E : https://www.pdfquestion.in/uploads/11666-CommerceE.pdf
SET F : https://www.pdfquestion.in/uploads/11666-CommerceF.pdf
SET G : https://www.pdfquestion.in/uploads/11666-CommerceG.pdf
SET H : https://www.pdfquestion.in/uploads/11666-CommerceH.pdf

MTWU TNSET Commerce Question Paper

Paper – II :
Note :
1. Attempt all the questions.
2. Each question carries two (2) marks.

Related : Mother Teresa Women’s University TNSET Chemical Science Question Paper 2017 : www.pdfquestion.in/11657.html

1. Which of the following is a WTO procedure to promote globalization?
1) Promotion of free trade
2) Reduction of budgetary subsidies
3) Reduction in shipping charges
4) Promotion of foreign portfolio investment

2. Which of the following is not the main objective of “fiscal policy of India”?
1) To increase liquidity in economy
2) To promote price stability
3) To minimize the in-equality in income and wealth
4) To promote employment opportunities

3. The low income economies are sometimes referred to as
1) First World
2) Second World
3) Third World
4) Fourth World

4. Which policy is concerned with raising revenue through taxation and deciding on the level and pattern of expenditure?
1) Monetary policy
2) Fiscal Policy
3) Trade Policy
4) Foreign exchange policy

5. An expert committee headed by S.V.S. Raghavan was appointed to implement the proposed Indian competition Law while repealing
1) The monopolies and restrictive Trade Practices Act
2) Sale of Goods Act
3) Consumer Protection Act
4) Competition Act

6. Dual Aspect Concept results in the following accounting equation
1) Revenue = Expenses
2) Capital + Profits = Assets + Expenses
3) Capital + Liabilities = Assets
4) Capital + Drawings = Owner’s Equity

7. Comparison of the financial statements of the current year of a firm with the performance of another firm is known as
1) Trend analysis
2) Horizontal analysis
3) Intra-firm comparison
4) Inter-firm comparison

8. Which of the following is not applicable to responsibility accounting?
1) Accounting centre
2) Cost Centre
3) Investment centre
4) Profit centre

9. A retiring partner continues to be liable for obligations incurred after his retirement
1) If unpaid amount is transferred to his loan account
2) If he does not give public notice
3) If he starts a similar business elsewhere
4) In all the situations till he survives

10. When opening stock is Rs. 50,000 closing stock is Rs. 60,000 and the cost of goods sold is Rs. 2,20,000 the stock turnover ratio is
1) 2 times
2) 3 times
3) 4 times
4) 5 times

11. Firms producing and selling a large variety of goods will generally follow
1) Cost plus pricing
2) Marginal pricing
3) Skimming pricing
4) Product line pricing

12. Which of the following is not a property of indifference curve?
1) Negative sloping
2) Convex to the point of origin
3) Indifference curves necessarily have to be parallel
4) Two indifference curves do not interest each other

13. Consumer survey method does not include one of the following
1) Complete enumeration method
2) Sample survey method
3) Trend projection method
4) Consumer’s end use method

14. The assumptions of the law of diminishing marginal utility does not include
1) Units consumed should be identical
2) Units consumed should be of standard unit
3) Units consumed should be successive
4) Unit price of the commodity

15. A rectangular hyperbola shaped demand curve on all its points has
1) Equal slopes of the price demand curve
2) Price elasticity equal to unity
3) Varying price elasticity
4) Both slope and price elasticity equal

16. For a hypothesis test, alpha (a) is 0.05 and beta (ß) is 0.10. The power of this test is
1) 0.95
2) 0.90
3) 0.80
4) 0.15

17. The probability of Type II error is
1) a
2) ß
3) 1-a
4) 1-ß

18. In a ‘negative’ relationship
1) as x increases, y increases
2) as x decrease, y decrease
3) as x increase, y decrease
4) both 1) and 2)

19. If bxy is negative, then byx is
1) Negative
2) Positive
3) Zero
4) Either 1) or 2)

20. Which of the following is the non-random method of selecting samples from a population?
1) Multistage sampling
2) Cluster sampling
3) Quota sampling
4) Lottery method

21. The classical organization theory treats organization as a/an
1) Open system
2) Closed system
3) Technical system
4) Macro system

22. The series of Hawthorne experiments based on human relations does not include
1) Illumination experiments
2) Relay assembly test room experiments
3) Bank wiring observation room experiment
4) Behaviour experiments

23. Which of the following are different forms of organization structure?
A) Divisionalised organization structure
B) Task Force
C) Staff Organisation
D) Project organization
1) A), C) and D)
2) A) and B)
3) A), B) and C)
4) A), B) and D)

24. Employees learn by observing the performance of the reference group (peer, supervisors and high performers) and the consequences of their actions is referred as
1) Symbolizing
2) Forethought
3) Observational
4) Self-regulatory

25. Unsatisfied need becomes a motivating factor and governs the behaviour of the individual. This is emphasized in the theory developed by
1) Herzberg’s theory
2) Maslow theory
3) Expectancy theory
4) Alderfer’s ERG theory

26. When the consumers favour those products which offer the most quality, performance or innovative features, then it is called as
1) Production concept
2) Product concept
3) Sales concept
4) Marketing concept

27. Which of the stage of new product development process can be skipped?
1) Business analysis
2) Idea screening
3) Product testing
4) Test Marketing

28. The most important retail marketing decision, a retailer has to make, is to
1) Select the product assortment
2) Identify its target market
3) Choose the desired service level
4) Develop an effective store atmosphere

29. Items considered part of the augmented product, do not include
1) Guarantee
2) Warranty
3) Complementary products
4) Channels of distribution

30. Which one of the following is not considered as a pattern of marketing segmentation?
1) Homogenous preferences
2) Diffused Preferences
3) Clustered Preferences
4) Branded Preferences