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Exam Details

COMMERCE NOVEMBER PAPER 3 2017

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

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Showing all 75 questions in this paper.

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Difficulty distribution

Medium 52 69.3%
Hard 22 29.3%
Easy 1 1.3%

Question type distribution

Multiple Choices 75 100%

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Sample questions from this paper

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1
2017 · Unclassified
COMMERCE NOVEMBER PAPER 3 2017
Assertion (A): Buyers, for several industries, are potential competitors-they may integrate backwards.Reasoning (R): They have different degrees of bargaining power.
A
(A) and (R) are correct, and (R) is the correct reasoning of (A).
B
(A) is incorrect while (R) is a correct statement.
C
Both (A) and (R) are incorrect.
D
(A) and (R) are correct, but (R) is not the correct reasoning of (A).
2
2017 · Unclassified
COMMERCE NOVEMBER PAPER 3 2017
Which one of the following is the governing factor in deciding the type of redressal agency which will deal with the dispute of a consumer?
A
Area of sale of goods and services
B
Type of goods and services sold
C
The choice of the consumer
D
The value of goods and services sold
3
2017 · Unclassified
COMMERCE NOVEMBER PAPER 3 2017
Match List - I with List - II relating to the roles played by the government in an economy and indicate the correct code of their matching.Choose the correct option from the following:
A
a-iv, b-ii, c-i, d-iii
B
a-iii, b-i, c-iv, d-ii
C
a-iii, b-iv, c-ii, d-i
D
a-i, b-iii, c-iv, d-ii
4
2017 · Unclassified
COMMERCE NOVEMBER PAPER 3 2017
Which one of the following statements is/are not correct relating to Competition Policy and Law?
A
Collusion and dominance have the potential for unfair competition.
B
The appeal against decisions of Competition Commission of India can be made to the Competition Appellate Tribunal.
C
State monopolies, government’s business policies and functioning of Regulatory Authorities cannot be scrutinized under this law.
D
Abuse of dominance rather than dominance should be the key for Competition Policy/Law.
5
2017 · Unclassified
COMMERCE NOVEMBER PAPER 3 2017
Which one of the following is not correct with reference to standard costing
A
Standard costing is a system where predetermined costs are used for control of the entire organization.
B
Standard may be expressed in quantitative and monetary measures.
C
Only adverse variances are investigated intensively.
D
Standard is determined for each element of cost.
6
2017 · Unclassified
COMMERCE NOVEMBER PAPER 3 2017
Which one of the following is not correct?
A
Margin of Safety = Profit \ P/V Ratio
B
P/V Ratio = (Change in contribution \ Change in sales) × 100
C
Break-even point in units = Fixed cost \ Contribution per unit
D
Required sales to earn desired profits =Desired profit \ P/V ratio