## UGC NET Mock Test 7 on Commerce – 20 Questions for Practice

#### Take Test 7 20 questions for Practice – Commerce Test 7

1. Consider the oligopoly models: (i) Sweezy’s kinked demand curve model (ii) Newman and Morgenstern Game Theory model (iii) Cournal’s duopoly model (iv) Baumal’s sales maximization model arranged them in correct sequence as per order of evolution.
a.
b.
c.
d.

2. Identify the correct sequence of steps involved in planning: (i) Selecting the best course of action (ii) Establishing the sequence of activities (iii) Establishment of objectives (iv) Evaluating alternative courses (v) Determining alternative courses
a.
b.
c.
d.

3. To manage a business well is to manage its future and to manage the future is to manage information is termed as _____?
a.
b.
c.
d.

4. Statistical software packages for research in social sciences include ______?
a.
b.
c.
d.

5. Assertion (A): Total utility will be maximum when marginal utility to price of respective products are equal. Reason (R): Deviation from this situation leads to reduction in maximum utility.
a.
b.
c.
d.

6. Consider the following: (i) Basic defensive and interval ratio (ii) Current ratio (iii) Supa Quick ratio (iv) Quick ratio arranged these ratios in sequence to reflect the liquidity in descending order.
a.
b.
c.
d.

7. F-test is used to test the significance of the differences between/among
a.
b.
c.
d.

8. Which of the following refers to Perfect Competition? (i) There are restrictions on buyers and sellers (ii) There are no restrictions on movement of goods (iii) There are no restrictions on factors of production Correct one is
a.
b.
c.
d.

9. To generate and facilitate any exchange intended to satisfy human needs or wants such that the satisfaction of these wants occur with minimal detrimental impact on the natural environment is known as _______?
a.
b.
c.
d.

10. Karl Pearson’s coefficient of correlation between two variables is _____?
a.
b.
c.
d.

11. While establishing relation between Maslow’s and Herzberg’s theories, which Needs of Hierarchy Theory will fall under the Hygiene Factors?
a.
b.
c.
d.

12. Assertion (A) : One can be sure about future course of actions by making good plans. Reasoning (R) : Planning brings certainty in future course of actions of an organisation.
a.
b.
c.
d.

13. According to Kieth Devis, which one is not a barrier of communication?
a.
b.
c.
d.

14. Classification of respondents only on the basis of gender is an application of ____?
a.
b.
c.
d.

15. (A) Assertion: Premium received on issue of shares is credited to share premium account but not to Profit and Loss account. (R) Reasoning: Since share premium is not a trading profit, it is not distributed to shareholders.
a.
b.
c.
d.

16. Normally Demand curve slopes?
a.
b.
c.
d.

17. Which of the following is not a restricted random sampling technique?
a.
b.
c.
d.

18. Howard-Sueth model of consumer behaviour is popularly known as _______?
a.
b.
c.
d.

19. DAGMAR approach in marketing is used to measure _____?
a.
b.
c.
d.

20. All the activities involved in selling goods or services directly to final consumers for personal non-business uses are done by _____?
a.
b.
c.
d.

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