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Exam Details

UGC NET COMMERCE DECEMBER (PAPER II) 2019

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Questions 100
Duration 180 mins
Package UGC NET & SET - Previous Year Papers

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Medium 65 65%
Hard 18 18%
Easy 17 17%

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Multiple Choices 100 100%

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1
2019 · Unclassified
UGC NET COMMERCE DECEMBER (PAPER II) 2019
Which among the following are NOT qualified to be appointed as auditor of a company?(a) An individual who is a Chartered Accountant and holds a Certificate of Practice as per the CA Act, 1949(b) A limited liability partnership firm, which has no partner as Chartered Accountants(c) Officer or employee of a company who is a qualified Chartered Accountant degree holder too(d) Any Chartered Accountant whose appointment will result in the person being the auditor of more than 20 companiesChoose the most appropriate option:
A
(a) and (b)
B
(b), (c) and (d)
C
(a), (b) and (d)
D
(c) and (d)
2
2019 · Unclassified
UGC NET COMMERCE DECEMBER (PAPER II) 2019
Which of the following is NOT part of the process of management audit?
A
Identification of responsibility center
B
Review of performance of each responsibility center
C
Review of organizational structure
D
Investigating the depreciation method and its application on fixed assets in the company
3
2019 · Unclassified
UGC NET COMMERCE DECEMBER (PAPER II) 2019
Match List I with List II
A
(a)-(iv), (b)-(ii), (c)-(iii), (d)-(i)
B
(a)-(ii), (b)-(iii), (c)-(i), (d)-(iv)
C
(a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
D
(a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)
4
2019 · Unclassified
UGC NET COMMERCE DECEMBER (PAPER II) 2019
What percentage of income from compensation on disaster is exempted from tax liability?
A
1
B
0.5
C
0.25
D
0.75
5
2019 · Unclassified
UGC NET COMMERCE DECEMBER (PAPER II) 2019
Given below are two statements. One is labelled as Assertion (A), and the other is labelled as Reason (R).Assertion (A): Globalization refers to the free cross-border movement of goods, services, capital, information and peopleReason (R): Countries are consistently evolving innovative marketing barriers that are WTO compatibleIn the light of the above statements, choose the correct answer from the options given below
A
Both (A) and (R) true and (R) is the correct explanation of (A)
B
Both (A) and (R) true but (R) is NOT the correct explanation of (A)
C
(A) is false but (R) is true
D
(A) is true but (R) is false
6
2019 · Unclassified
UGC NET COMMERCE DECEMBER (PAPER II) 2019
Which two of the following statements are true?(a) A simple monopoly firm always earns a supernormal profit(b) Sweezy’s kinked demand curve model is the best-known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity(c) A perfectly competitive firm is the price – taker(d) Firms under monopolistic competition earn only normal profitsChoose the correct option from those below
A
(a) and (d)
B
(b) and (d)
C
(b) and (c)
D
(a) and (c)