UGC NET Mock Test 6 on Commerce – 20 Questions for Practice

 

Take Test 6 20 questions for Practice – Commerce Test 6

 

1. Which one of the statements is not true?
a.
b.
c.
d.

2. Conversion cost is the sum of _____?
a.
b.
c.
d.

3. Interest on capital paid by a firm to its partners, under the Income Tax Act, 1961, is allowed
a.
b.
c.
d.

4. Which one is a not Non-Marketable security?
a.
b.
c.
d.

5. Under Section 80E of the Income Tax Act, 1961 deduction in respect of payment of interest on loan taken for higher education shall be allowed up to
a.
b.
c.
d.

6. Minimum Alternative Tax (MAT) under Sec.115 JB of the Income Tax Act is applicable on?
a.
b.
c.
d.

7. Consider the following items: (i) Debentures (ii) Prepaid rent (iii) Interest accrued (iv) Bank overdraft Which of them are current liabilities?
a.
b.
c.
d.

8. Broad Money has to be sensitized through:
a.
b.
c.
d.

9. Out of the following, which are four dimensions of Human Development Index?
(i) Life Expectancy
(ii) Literacy Level
(iii) Success Rate of Marriages
(iv) Standard of Living
(v) Crime Rate
(vi) Corruption Level
(vii) Economic Entitlement
(viii) Foreign Visits
a.
b.
c.
d.

10. Which of the following denote the structural changes in Indian economy?
a.
b.
c.
d.

11. Which one is not an element of legal environment?
a.
b.
c.
d.

12. Public Enterprise is defined as ______?
a.
b.
c.
d.

13. For the Assessment Year 2011-12, deduction under Sec. 80G is available without any limit but at the rate of 50% on?
a.
b.
c.
d.

14. SDRs are popularly known as?
a.
b.
c.
d.

15. Assertion (A): Indent may be open or closed. Open indent does not specify the price and other details of the goods. The closed indent specifies the brand, price, number, packing, shipping mode, insurance, etc.
Reason (R): This is required as a part of export procedures.
a.
b.
c.
d.

16. Assertion (A): Use of paper money is replaced by plastic money. The future will see the electronic money clearance through satellite networking.
Reason (R): RBI is encouraging e-banking.
a.
b.
c.
d.

17. Which one is not Finance Company?
a.
b.
c.
d.

18. Under capital gains head of the Income Tax Act, the income from the sale of Household Furniture is
a.
b.
c.
d.

19. Which one is not international institution?
a.
b.
c.
d.

20. The Securities and Exchange Board of India was not entrusted with the function of ?
a.
b.
c.
d.