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

 

Take Test 1 20 questions for Practice – Commerce Test 1

 

1. GDP at factor cost is
a.
b.
c.
d.

2. Which one of the following concepts is used as fund in the preparation of Funds Flow Statement?
a.
b.
c.
d.

3. Environmental degradation does not consist of
a.
b.
c.
d.

4. A commodity is used for multiple purposes, and then the demand for it is known as
a.
b.
c.
d.

5. If bxy = 0.25 and byx = 0.64, correlation coefficient is
a.
b.
c.
d.

6. 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.
b.
c.
d.

7. Window dressing is prohibited due to
a.
b.
c.
d.

8. Struge’s rule is used to find out directly
a.
b.
c.
d.

9. 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.
b.
c.
d.

10. Which one of the following is not a measure of dispersion?
a.
b.
c.
d.

11. 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.
b.
c.
d.

12. 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.
b.
c.
d.

13. Which one is not the main objective of fiscal policy of India?
a.
b.
c.
d.

14. Which of the following software has application in both Mathematics and Statistics?
a.
b.
c.
d.

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

16. Consider the following:
i. Pricing objectives
ii. Pricing methods
iii. Pricing strategies
iv. Pricing decisions
Arrange them in correct sequences:
a.
b.
c.
d.

17. 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.
b.
c.
d.

18. Which kind of economics explains the phenomenon of cause and effect relationship?
a.
b.
c.
d.

19. 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.
b.
c.
d.

20. Which one is not an element of internal environment?
a.
b.
c.
d.


 


 
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