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Exam Details

COMMERCE JANUARY PAPER 3 2017

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Questions 75
Duration 180 mins
Package UGC NET & SET - Previous Year Papers

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Difficulty distribution

Medium 48 64%
Hard 22 29.3%
Easy 5 6.7%

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Multiple Choices 75 100%

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1
2017 · Unclassified
COMMERCE JANUARY PAPER 3 2017
Put the following steps of the Strategic Management Process in correct sequence:a) Scanning and Evaluation of Business Environmentb) Formulating strategiesc) Implementation of Corporate Strategyd) Deciding about the Mission of the organisatione) Setting Corporate Level Objective
A
a, b, c, d and e
B
d, a, b, c and e
C
d, a, e, c and b
D
d, a, e, b and c
2
2017 · Unclassified
COMMERCE JANUARY PAPER 3 2017
Match the items of List-I with those of List-II and indicate the code of correct matching.
A
a-i, b-ii, c-iii
B
a-ii, b-iii, c-i
C
a-iii, b-ii, c-i
D
a-ii, b-i, c-iii
3
2017 · Unclassified
COMMERCE JANUARY PAPER 3 2017
Identify the correct statement from the following:
A
The liability of the Karta is limited.
B
A joint Hindu family business continues to exist on the death of a member.
C
A joint Hindu family business comes into existence by Hindu law.
D
A joint Hindu family business ceases to exist on the death of the Karta.
4
2017 · Unclassified
COMMERCE JANUARY PAPER 3 2017
Statement I: “Working in harmony with the community and environment around us and not cheating our customers and workers we might not gain anything in the short run but in the long term, it means greater profits and shareholders value”.Statement II: According to Mahatma Gandhi, the capitalist class owns wealth or capital as trustees of the society.
A
Statement I is correct, but II is incorrect.
B
Statement II is correct, but I is incorrect.
C
Both the statements I and II are incorrect.
D
Both the statements I and II are correct.
5
2017 · Unclassified
COMMERCE JANUARY PAPER 3 2017
Match the items of List-I with items of List-II and indicate the code of correct matching.
A
a-iii, b-ii, c-i, d-iv
B
a-iii, b-iv, c-ii, d-i
C
a-iii, b-i, c-ii, d-iv
D
a-iv, b-iii, c-i, d-ii
6
2017 · Unclassified
COMMERCE JANUARY PAPER 3 2017
Which of the following is not true?
A
When all the forfeited shares are not reissued, the forfeited shares account will also show as credit balance equal to gain on forfeiture of shares not yet reissued.
B
Loss on the reissue of shares cannot be more than gain on forfeiture of those shares.
C
At the time of forfeiture of shares, securities premium is debited along with share capital when the premium has not been received.
D
When forfeited shares are issued at a premium, the premium amount is credited to Capital Reserve Account.