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.iii, v, i, iv, ii

b.iii, iv, i, ii, iv

c.iii, i, iv, ii, v

d.i, ii, iii, iv, v

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

a.Money and Capital market

b.Operational capability

c.Personnel capability

d.Marketing capability

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

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

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

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

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

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

a.None of the above

b.SPSS

c.SAS

d.R

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

a.All Financial Resources

b.Working Capital

c.Current Assets

d.Cash

6. Environmental degradation does not consist of

a.Problem of overgrazing and ecological degradation

b.None of the above

c.Land degradation and soil erosion

d.Floods

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

a.Positive

b.Macro

c.Normative

d.Micro

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.i, iv, vi, viii

b.i, iii, v, vii

c.iii, vi, vii, viii

d.ii, iv, vi, viii

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

a.Range

b.Quartile

c.Standard Deviation

d.Mean Deviation

10. Window dressing is prohibited due to

a.Arrear of book accounts

b.Convention of Disclosure

c.Convention of Materiality

d.Conservation Convention

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

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

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

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

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

a.0.16

b.0.89

c.0.3

d.0.4

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

a.Direct Demand

b.Composite Demand

c.Joint Demand

d.Autonomous Demand

14. 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.ii, i, iii, iv

b.ii, i, iv, iii

c.i, ii, iii, iv

d.i, ii, iv, iii

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

a.To minimize the inequalities of income and wealth

b.To promote price stability

c.To increase liquidity in the economy.

d.To promote employment opportunities.

16. 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.ii, iv, iii

c.i, iii, ii, iv

d.i, ii, iv

17. 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.iv, ii, iii, i

c.i, iii, ii, iv

d.ii, i, iv, iii

18. GDP at factor cost is

a.GDP- IT- S

b.GDP- DT + S

c.P (Q) + P (S)

d.GDP + DT +S

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

a.None of the above

b.Direction of the classification

c.Size of class limits

d.Number of classes in a continuous distribution

20. 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 true, but (R) is false

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

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

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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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