UGC NET Mock Test 2 on Commerce – 20 Questions for Practice

 

Take Test 2 20 questions for Practice – Commerce Test 2

 

1. Assertion (A): In the agricultural lending mechanism of India, moneylenders despite their usurious rates of interest are still predominant.
Reason (R): Most often the commercial banks could not meet the target of 18% of their total lending for the agricultural sector in the country.
a.
b.
c.
d.

2. Find out the items which are not in the scope of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM):
a.
b.
c.
d.

3. Which one of the following taxes is within the jurisdiction of the State Governments as enumerated in List – II of the Constitution of India?
a.
b.
c.
d.

4. The experience with managed exchange rates since 1973
a.
b.
c.
d.

5. Hedging refers to
a.
b.
c.
d.

6. Which of the following is not related with optimum currency area?
a.
b.
c.
d.

7. Which of the following tax is introduced in India in 1953 and abolished in 1985?
a.
b.
c.
d.

8. Which Economic Survey has introduced a new chapter on “Sustainable Development and Climate Change”?
a.
b.
c.
d.

9. Which of the following are Government of India debt obligations?
I. State Provident Funds
II. Small Savings
III. Reserve Money
IV. Reserve Funds and Deposits
a.
b.
c.
d.

10. Members of the World Trade Organization are required to
a.
b.
c.
d.

11. What has been the monthly per capita expenditure (Uniform Reference Period) for urban population of India (at 2004-05 prices) as per the 68th Round of NSSO (2011-12)?
a.
b.
c.
d.

12. Which one of the following does not come under land reforms in India?
(a) Abolition of Intermediaries and Tenancy Legislation
(b) Ceiling on Land Holding and Co-operating Farming
(c) Tenancy Legislation and Technology Upgradation
(d) Abolition of Intermediaries and Green Revolution
a.
b.
c.
d.

13. Arrange the following in chronological order:
I. Task Force on Direct and Indirect Taxes (Kelkar Committee)
II. Replacement of State Sales Tax by Value Added Tax
III. Introduction of MODVAT
IV. Fiscal Responsibility and Budget Management Act
a.
b.
c.
d.

14. Assertion (A): Agricultural income is taxed by the Union Government.
Reason (R): Agriculture is a State subject.
a.
b.
c.
d.

15. The fundamental cause for the collapse of the Bretton Woods System was
a.
b.
c.
d.

16. Which State in India has the lowest Infant Mortality Rate?
a.
b.
c.
d.

17. An example of a Euro currency is
a.
b.
c.
d.

18. Assertion (A): In India, ‘Green Revolution’ was also criticized as Wheat Revolution.
Reason (R): The productivity of wheat in India during the1970’s was one of the highest in the world.
a.
b.
c.
d.

19. Which of the following issues did the Uruguay Round not address?
a.
b.
c.
d.

20. As per the revised estimate, the plan expenditure of the budget estimate for 2012-13 in India has been lowered by
a.
b.
c.
d.


 


 
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