UGC NET Mock Test 1 on Commerce - 20 Questions for Practice

UGC NET Mock Test 1 on Commerce – 20 Questions for Practice

Take Test 1 20 questions for Practice – Commerce Test 1

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1. Which one is not the main objective of fiscal policy of India?

a.To minimize the inequalities of income and wealth

b.To increase liquidity in the economy.

c.To promote employment opportunities.

d.To promote price stability

2. Assertion (A): Marginal cost and differential cost do not convey the same meaning in all the circumstances.
Reason (R): Differential cost increases or decreases due to change in fixed cost.

a.(A) and (R) are correct and (R) is correct explanation of (A).

b.Both (A) and (R) are correct, but (R) is not the correct explanation of (A).

c.(A) is true but (R) is false

d.(A) is false but (R) is true

3. Which one of the following is not a measure of dispersion?

a.Mean Deviation

b.Standard Deviation

c.Quartile

d.Range

4. Assertion (A): Ratio analysis is one the tools employed to know the financial health of a concern.
Reason (R): Ratio analysis is not the only technique available to take investment decision.

a.(A) is false, but (R) is true.

b.Both (A) and (R) are true, but (R) is incorrect explanation of (A).

c.(A) is true, but (R) is false

d.Both (A) and (R) are true and (R) is the correct explanation of (A).

5. If bxy = 0.25 and byx = 0.64, correlation coefficient is

a.0.3

b.0.4

c.0.89

d.0.16

6. Consider the following parties:
i. Secured creditors
ii. Unsecured creditors
iii. Partners who have granted loans
iv. Partners who have contributed over and above profit-sharing ratio Arrange them in correct sequence in the event of the dissolution of a firm.

a.i, ii, iii, iv

b.ii, i, iv, iii

c.ii, i, iii, iv

d.i, ii, iv, iii

7. Environmental degradation does not consist of

a.Floods

b.Land degradation and soil erosion

c.None of the above

d.Problem of overgrazing and ecological degradation

8. Out of the following, which four benefits are available to hosts countries from MNC’s?
i. Transfer of technology
ii. Learning of business mannerism
iii. Strategic information sharing
iv. Creation of jobs
v. Entertainment
vi. Better utilisation of resources
vii. Enhancing social contacts.
viii. Improved competition in local economy

a.ii, iv, vi, viii

b.iii, vi, vii, viii

c.i, iii, v, vii

d.i, iv, vi, viii

9. Window dressing is prohibited due to

a.Convention of Materiality

b.Convention of Disclosure

c.Arrear of book accounts

d.Conservation Convention

10. Which of the following software has application in both Mathematics and Statistics?

a.SPSS

b.None of the above

c.R

d.SAS

11. Consider the following:
i. Pricing objectives
ii. Pricing methods
iii. Pricing strategies
iv. Pricing decisions
Arrange them in correct sequences:

a.iv, ii, iii, i

b.i, iii, ii, iv

c.ii, i, iv, iii

d.i, iv, iii, ii

12. Assertion (A): All decisions taken through mental process are rational.
Reason (R): Decision making is a mental process.

a.(A) is correct, but (R) is not correct

b.Both (A) and (R) are not correct

c.Both (A) and (R) are correct

d.(R) is correct, but (A) is not correct

13. Sample design involves the following:
i. Sampling unit
ii. Size of samples
iii. Type of universe
iv. Sampling procedure
Which one of the following sequences is correct?

a.i, ii, iii, iv, v

b.iii, iv, i, ii, iv

c.iii, i, iv, ii, v

d.iii, v, i, iv, ii

14. Struge’s rule is used to find out directly

a.Number of classes in a continuous distribution

b.None of the above

c.Direction of the classification

d.Size of class limits

15. Which kind of economics explains the phenomenon of cause and effect relationship?

a.Positive

b.Normative

c.Macro

d.Micro

16. A commodity is used for multiple purposes, and then the demand for it is known as

a.Direct Demand

b.Autonomous Demand

c.Composite Demand

d.Joint Demand

17. Which one is not an element of internal environment?

a.Operational capability

b.Personnel capability

c.Marketing capability

d.Money and Capital market

18. Which one of the following concepts is used as fund in the preparation of Funds Flow Statement?

a.All Financial Resources

b.Current Assets

c.Cash

d.Working Capital

19. GDP at factor cost is

a.GDP- IT- S

b.GDP- DT + S

c.P (Q) + P (S)

d.GDP + DT +S

20. Which of the following relate to measures of non-financial performance of a concern?
i. Customer satisfaction
ii. Business process improvement
iii. Learning organisation
Choose the right combination.

a.i, ii, iv

b.ii, iv, iii

c.iv, i, iii

d.i, iii, ii, iv

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UGC NET Mock 1 on Commerce – 20 Questions for Practice

UGC NET Mock Test 1 on Commerce – 20 Questions for Practice

Take Test 1 20 questions for Practice – Commerce Test 1

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