UGC NET Commerce MCQ Questions Answers for competitive exams: This mock test having 25 question each, with four choices. On each click on answers system will tell you where the answers is correct or incorrect. You can view this UGC NET Commerce test question details at the end of the quiz.
This National Eligibility Test (NET) Commerce questions answers are applicable for any kind of entrance exam or job related exam especially for Lecturer and PHD examination. You can practice as much as you can to gather knowledge of how to answers UGC NET Commerce critical type papers in short time and this can be a big factor for cracking PHD level exam.
UGC Commerce
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Question 1
Public Enterprise is defined as
A
An organisation run by joint
efforts of Centre and State
Governments.
B
An organisation which caters to
the needs relating to public
utilities.
C
An organisation in which capital
is invested by public.
D
An organisation owned and
managed by public authorities
for definite set of public
purposes.
Question 2
Broad Money has to be sensitized through :
A
CRR
B
SLR
C
Repo Rate
D
All of the above
Question 3
Out of the following, which are four dimensions of Human Development Index ?
(i) Life Expectancy
(ii) Literacy Level
(iii) Success Rate of Marriages
(iv) Standard of Living
(v) Crime Rate
(vi) Corruption Level
(vii) Economic Entitlement
(viii) Foreign Visits
A
(i), (ii), (vi) and (viii)
B
(i), (ii), (iv) and (vii)
C
(ii), (iii), (vi) and (vii)
D
(iii), (v), (vii) and (viii)
Question 4
Which of the following denote the structural changes in Indian economy ?
A
Primary sector contribution has
gone down
B
Service sector contribution has
gone up
C
Secondary sector has not
changed much
D
All of the above
Question 5
Consider the following items :
(i) Debentures
(ii) Prepaid rent
(iii) Interest accrued
(iv) Bank overdraft
Which of them are current liabilities ?
A
(i), (ii), (iii) and (iv)
B
(iv)
C
(ii), (iii) and (iv)
D
(i), (ii) and (iii)
Question 6
Which one is not an element of legal environment ?
A
Act of Parliamentarians in Lok Sabha
B
Indian Contract Act, 1872
C
Indian Partnership Act, 1932
D
Negotiable instruments Act, 1881
Question 7
(A) Assertion : Premium received on issue of shares is credited to share premium account but not to Profit and Loss account.
(R) Reasoning : Since share premium is not a trading profit, it is not distributed to shareholders.
A
Both (A) and (R) are true but (R) is not correct explanation to (A).
B
(A) is false but (R) is correct.
C
Both (A) and (R) are true and (R) is correct explanation of (A).
D
(A) is correct but (R) is false.
Question 8
Which of the following refers to Perfect Competition ?
(i) There are restrictions on buyers and sellers
(ii) There are no restrictions on movement of goods
(iii) There are no restrictions on factors of production
Correct one is
A
only (i) and (ii)
B
only (ii) and (iii)
C
only (i) and (iii)
D
only (i)
Question 9
Conversion cost is the sum of
A
Indirect wages and factory overhead
B
Direct wages, direct expenses and factory overhead
C
Direct material cost and indirect wages
D
Prime cost and selling & distribution overhead
Question 10
Consider the following :
(i) Basic defensive and interval ratio
(ii) Current ratio
(iii) Superquick ratio
(iv) Quick ratio
Arrange these ratios in sequence to reflect the liquidity in descending order.
A
(ii), (iv), (iii) and (i)
B
(i), (ii), (iv) and (iii)
C
(iv), (ii), (iii) and (i)
D
(iii), (iv), (i) and (ii)
Question 11
Assertion (A): Total utility will be maximum when marginal utility to price of respective products are equal.
Reason (R) : Deviation from this situation leads to reduction in maximum utility.
A
(A) and (R) are not correct.
B
(A) is correct but (R) is not
correct.
C
(A) and (R) are correct.
D
(A) is incorrect, (R) is correct.
Question 12
Normally Demand curve slopes
A
Upward
B
Downward
C
Horizontal
D
Vertical
Question 13
F-test is used to test the significance of the differences between/among
A
Two sample mean
B
More than two samples mean
C
Variance of two samples
D
(B) and (C)
Question 14
Consider the oligopoly models :
(i) Sweezy’s kinked demand curve model
(ii) Newman and Morgenstern Game Theory model
(iii) Cournal’s duopoly model
(iv) Baumal’s sales maximisation model
Arrange them in correct sequence as per order of evolution.
A
(iv), (iii), (ii), (i)
B
(ii), (i), (iii), (iv)
C
(iii), (i), (ii), (iv)
D
(i), (iii), (ii), (iv)
Question 15
Classification of respondents only on the basis of gender is an application of
A
Ordinal scale
B
Nominal scale
C
Interval scale
D
Ratio scale
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