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

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

Take Test 25 20 questions for Practice – Commerce Test 25

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1. The first macro-environmental force that a business firm generally monitors is ______?

a.Demographic environment

b.Economic environment

c.International, Political environment

d.Technological environment

2. 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.Only (i)

b.Both (i) and (ii)

c.(i), (ii) and (iii)

d.Both (ii) and (iii)

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

a.Labour-mix variance

b.All of the above

c.Idle time variance

d.Labour-yield variance

4. A time series is a set of data collected at ______?

a.Convenient intervals

b.Regular intervals

c.All of the above

d.Random intervals

5. Financial statements provide a true and fair view if _____?

a.It is prepared using the appropriate accounting policy and applicable accounting standards.

b.It conforms to all of the above (A), (B) and (C).

c.It is prescribed in a format prescribed by the regulator or, in the absence of a prescribed format, it is prepared in a manner that facilitates analyses of the financial position and the performance of the reporting enterprise.

d.It is free from any material error and bias.

6. In which one of the following market situations the practice of price rigidity is found?

a.Monopolistic competitive market

b.Oligopoly market

c.Perfectly competitive market

d.Discriminating monopoly market

7. Which of the formula is used to calculate Absolute Liquid Ratio is?

a.Absolute Liquid Assets - Quick Liabilities

b.Absolute Liquid Assets - Current Liabilities

c.Current Assets, Loans & Advances - Current Liabilities & Provisions

d.Current Assets, Loans & Advances-Inventories - Current Liabilities & Provisions-Bank Overdraft

8. Which of the following statements are true?

a.The Competition Commission of India is headed by a person having Judicial background.

b.Both (A) and (B) are true.

c.The definition of the term ‘goods’ as given in the Competition Act, 2002, is the same as given in the Sale of Goods Act, 1930.

d.None of the above is true.

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

a.Sacking of its managerial team

b.Appropriate revision of aspiration level.

c.Sense of helplessness

d.Search behaviour

10. 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.Rs. 5 per unit

b.Rs. 9 per unit

c.Rs. 4.5 per unit

d.Rs. 6 per unit

11. 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.Most Favoured Nation

b.Least Traded Nation

c.Trade Diversion

d.Inter Regional Principle

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.0.8

b.0.64

c.0.82

d.0.32

13. When the demand curve is relatively highly elastic, the marginal revenue is _____?

a.Positive

b.Zero

c.Unity

d.Negative

14. Which one of the following is not included in the Consumer Rights as per the Consumer Protection Act, 1986?

a.Right to be protected against marketing of hazardous goods and services.

b.Right to seek redressal of legitimate complaints.

c.Right to be heard.

d.Right to a physical environment that will protect and enhance the quality of life.

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

a.Charging very high price

b.Provision of deficient service

c.Sale of defective goods

d.Unfair trade practice

16. The collapse of which of the following systems is related to the Triffin Paradox?

a.Bretton Woods

b.Gold Standard

c.Exchange rate mechanism (in 1992)

d.None of the above

17. The opportunity cost is a term which describe?

a.The loss of the reward in the next best use of that resource.

b.Average variable cost.

c.A bargain price for a factor of production.

d.Production cost related at the optimum level of production.

18. Which of the following statements is true?

a.None of the above.

b.Agricultural Sector has the highest share in the GDP in India.

c.The highest growth rate in India is in the Manufacturing Sector.

d.The biggest source of Central Government’s revenue is Central Excise.

19. An investment centre is a responsibility centre where the manager has control over?

a.Costs

b.Costs, profits and product quality

c.Costs and profits

d.Costs, profits and assets

20. During short-run, the optimum level of output corresponds to that level of output where?

a.AVC is the minimum

b.AFC stops declining

c.AC is the minimum

d.MC is the minimum

Also See :

UGC NET Mock Test 1 on Commerce
UGC NET Mock Test 2 on Commerce
UGC NET Mock Test 3 on Commerce
UGC NET Mock Test 4 on Commerce
UGC NET Mock Test 5 on Commerce
UGC NET Mock Test 6 on Commerce
UGC NET Mock Test 7 on Commerce
UGC NET Mock Test 8 on Commerce
UGC NET Mock Test 9 on Commerce
UGC NET Mock Test 10 on Commerce
UGC NET Mock Test 11 on Commerce
UGC NET Mock Test 12 on Commerce
UGC NET Mock Test 13 on Commerce
UGC NET Mock Test 14 on Commerce
UGC NET Mock Test 15 on Commerce
UGC NET Mock Test 16 on Commerce
UGC NET Mock Test 17 on Commerce
UGC NET Mock Test 18 on Commerce
UGC NET Mock Test 19 on Commerce
UGC NET Mock Test 20 on Commerce
UGC NET Mock Test 21 on Commerce
UGC NET Mock Test 22 on Commerce
UGC NET Mock Test 23 on Commerce
UGC NET Mock Test 24 on Commerce
UGC NET Mock Test 26 on Commerce
UGC NET Mock Test 27 on Commerce

UGC NET Mock 25 on Commerce – 20 Questions for Practice

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

Take Test 25 20 questions for Practice – Commerce Test 25

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