UGC NET Mock Test 25 on Commerce – 20 Questions for Practice

 

Take Test 25 20 questions for Practice – Commerce Test 25

 

1. Which of the following is/are the assumptions of the Law of One Price? (i) Restriction on the movement of goods between countries. (ii) No transportation costs. (iii) No tariffs
a.
b.
c.
d.

2. A company sells its product at Rs. 15 per unit. In a period if it produces and sells 8,000 units, it incurs a loss of Rs. 5 per unit. If the volume is raised to 20,000 units it earns a profit of Rs. 4. Variable cost per unit will be?
a.
b.
c.
d.

3. Which of the following is a sub variance of labour efficiency variance?
a.
b.
c.
d.

4. Which of the following statements are true?
a.
b.
c.
d.

5. Which one of the following is not included in the Consumer Rights as per the Consumer Protection Act, 1986?
a.
b.
c.
d.

6. A time series is a set of data collected at ______?
a.
b.
c.
d.

7. The opportunity cost is a term which describe?
a.
b.
c.
d.

8. An investment centre is a responsibility centre where the manager has control over?
a.
b.
c.
d.

9. The first macro-environmental force that a business firm generally monitors is ______?
a.
b.
c.
d.

10. A situation where any advantage given by one member of the WTO to another member is extended to all WTO members is referred to as _____?
a.
b.
c.
d.

11. The collapse of which of the following systems is related to the Triffin Paradox?
a.
b.
c.
d.

12. Given the following data calculate the regression coefficient of X on Y. Pearson’s correlation coefficient = + 0.8. Regression coefficient of Y on X = 0.8 Choose the correct answer from the following:
a.
b.
c.
d.

13. During short-run, the optimum level of output corresponds to that level of output where?
a.
b.
c.
d.

14. According to H.A. Simon, if a firm fails to achieve its target initially, it results in _____?
a.
b.
c.
d.

15. Which of the following statements is true?
a.
b.
c.
d.

16. A consumer can file a complaint under the Consumer Protection Act, 1986, on any of the following grounds except:
a.
b.
c.
d.

17. Financial statements provide a true and fair view if _____?
a.
b.
c.
d.

18. In which one of the following market situations the practice of price rigidity is found?
a.
b.
c.
d.

19. Which of the formula is used to calculate Absolute Liquid Ratio is?
a.
b.
c.
d.

20. When the demand curve is relatively highly elastic, the marginal revenue is _____?
a.
b.
c.
d.


 


 
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