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. 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, v, i, iv, ii

c.iii, iv, i, ii, iv

d.iii, i, iv, ii, v

2. GDP at factor cost is

a.P (Q) + P (S)

b.GDP- DT + S

c.GDP- IT- S

d.GDP + DT +S

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

a.Working Capital

b.All Financial Resources

c.Cash

d.Current Assets

4. Window dressing is prohibited due to

a.Arrear of book accounts

b.Conservation Convention

c.Convention of Materiality

d.Convention of Disclosure

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

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

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

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

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

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

a.i, iv, iii, ii

b.i, iii, ii, iv

c.iv, ii, iii, i

d.ii, i, iv, iii

7. 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, iv, iii

b.i, ii, iii, iv

c.ii, i, iii, iv

d.ii, i, iv, iii

8. 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.iv, i, iii

b.i, iii, ii, iv

c.ii, iv, iii

d.i, ii, iv

9. Environmental degradation does not consist of

a.None of the above

b.Problem of overgrazing and ecological degradation

c.Floods

d.Land degradation and soil erosion

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

a.Micro

b.Normative

c.Positive

d.Macro

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

a.Joint Demand

b.Autonomous Demand

c.Direct Demand

d.Composite Demand

12. 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 false but (R) is true

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

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

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

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

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

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

a.To promote price stability

b.To promote employment opportunities.

c.To increase liquidity in the economy.

d.To minimize the inequalities of income and wealth

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

a.Range

b.Mean Deviation

c.Quartile

d.Standard Deviation

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

a.Personnel capability

b.Operational capability

c.Marketing capability

d.Money and Capital market

17. 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.iii, vi, vii, viii

b.i, iv, vi, viii

c.i, iii, v, vii

d.ii, iv, vi, viii

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

a.SPSS

b.None of the above

c.SAS

d.R

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

a.Number of classes in a continuous distribution

b.Direction of the classification

c.None of the above

d.Size of class limits

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

a.0.4

b.0.16

c.0.3

d.0.89

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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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