UGC NET Mock Test 12 on Commerce – 20 Questions for Practice

 

Take Test 12 20 questions for Practice – Commerce Test 12

 

1. Uruguay Round pertains to ____
a.
b.
c.
d.

2. Which of the following is not a capital asset under capital gains head of income?
a.
b.
c.
d.

3. A distribution, where the value of arithmetic mean is maximum as compared to median and mode, is ____
a.
b.
c.
d.

4. Business Economics is a subject which ____
a.
b.
c.
d.

5. A and B are partners sharing profits in the ratio of 3 : 2. Their books showed good will at Rs. 3,000. C is admitted with ¼ th share of profits and brings Rs. 10,000 as his capital. But he is not able to bring in cash for his share of goodwill Rs. 3,000. How will you treat this?
a.
b.
c.
d.

6. Assertion (A): The demand curve has a negative slope showing inverse relationship between price and the quantity demanded. Reason (R): This applies only to Giffen goods.
a.
b.
c.
d.

7. Improvement of profit-volume ratio can be done by ____
a.
b.
c.
d.

8. Which of the following is a non-operating expense?
a.
b.
c.
d.

9. The most appropriate average to be used to compute the average rate of growth in population is ____
a.
b.
c.
d.

10. The value of free accommodation in Delhi provided by employers in the private sector is _____?
a.
b.
c.
d.

11. Under the Income Tax Act, 1961 unabsorbed depreciation can be carried forward for set-off purpose:
a.
b.
c.
d.

12. “The life expectancy of people in Kerala is more than that of Tamil Nadu.” This statement is an example of _____
a.
b.
c.
d.

13. ‘No ideas are ever criticized’ and ‘the more radical ideas are the better’ – are the rules of which decision making process?
a.
b.
c.
d.

14. Who is the fiscal agent and advisor to Government in monetary and financial matters?
a.
b.
c.
d.

15. According to the Boston Consulting Group, a business which has a high growth rate but a weak market share is referred to as a _____
a.
b.
c.
d.

16. Which of the following is ‘true’ regarding the Prudence Principle of Accounting?
a.
b.
c.
d.

17. Which of the following are outside the scope of the Consumer Protection Act, 1986?
a.
b.
c.
d.

18. If there is mutual indebtedness between the transferor company and the transferee company in business combination, which of the following is correct?
a.
b.
c.
d.

19. Kyoto Protocol pertains to ___
a.
b.
c.
d.

20. The law of statistics, which says ‘Moderately large number of items chosen at random from a large group possess the characteristics of the large group’, is referred to as:
a.
b.
c.
d.


 


 
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