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Paper-II 2 J-08-12

1. Which of the following denote thestructural changes in Indian economy ?(A) Primary sector contribution has

gone down.(B) Service sector contribution has

gone up.(C) Secondary sector has not

changed much.(D) All of the above

2. Broad Money has to be sensitized

through :(A) CRR(B) SLR(C) Repo Rate(D) All of the above

3. Which one is not an element of legalenvironment ?(A) Act of Parliamentarians in Lok

Sabha(B) Indian Contract Act, 1872

(C) Indian Partnership Act, 1932(D) Negotiable instruments Act,1881

4. Out of the following, which are fourdimensions of Human DevelopmentIndex ?(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

Codes :

(A) (i), (ii), (vi) and (viii)

(B) (i), (ii), (iv) and (vii)

(C) (ii), (iii), (vi) and (vii)

(D) (iii), (v), (vii) and (viii)

5. Public Enterprise is defined as(A) An organisation run by joint

efforts of Centre and StateGovernments.

(B) An organisation which caters tothe needs relating to publicutilities.

(C) An organisation in which capitalis invested by public.

(D) An organisation owned andmanaged by public authorities

for definite set of publicpurposes.

6. Match List-I with List-II and select the

correct answer :List I List II

(i) Measurementof income

(a) Accrues tothe equity ofowners

(ii) Recognitionof expense

(b) Recognitionof revenue

(iii) Basis of

realization

(c) Matching

revenue withexpenses(iv) Identification

of revenue(d) Accounting

periodCodes :

(i) (ii) (iii) (iv)

(A) (a) (b) (c) (d)

(B) (b) (a) (c) (d)

(C) (c) (d) (a) (b)

(D) (c) (d) (b) (a)

7. Consider the following items :

(i) Debentures(ii) Prepaid rent(iii) Interest accrued(iv) Bank overdraftWhich of them are current liabilities ?

(A) (i), (ii), (iii) and (iv)

(B) (iv)

(C) (ii), (iii) and (iv)

(D) (i), (ii) and (iii)

COMMERCE

Paper II

Note : This paper contains fifty (50) objective type questions, each question carrying two (2)

marks. Attempt all the questions.

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J-08-12 3 Paper-II

1. ?(A)

(B) (C)

(D)

2. ?

(A) . . .(B) . . .(C) (D)

3. - ?(A) (B) , 1872(C) , 1932

(D) , 1881

4. ?(i) (ii) (iii) (iv) (v) (vi) (vii) (viii)

:(A) (i), (ii), (vi) (viii)(B) (i), (ii), (iv) (vii)(C) (ii), (iii), (vi) (vii)(D) (iii), (v), (vii) (viii)

5.

(A)

(B)

(C)

(D)

6. -I -II :

I II(i) (a)

(ii) (b)

(iii) (c)

(iv)

(d)

:(i) (ii) (iii) (iv)

(A) (a) (b) (c) (d)

(B) (b) (a) (c) (d)

(C) (c) (d) (a) (b)

(D) (c) (d) (b) (a)

7. :(i)

(ii) (iii) (iv) :(A) (i), (ii), (iii) (iv)(B) (iv)(C) (ii), (iii) (iv)(D) (i), (ii) (iii)

II

: (50) - (2)

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Paper-II 4 J-08-12

8. Conversion cost is the sum of

(A) Indirect wages and factory

overhead

(B) Direct wages, direct expenses

and factory overhead

(C) Direct material cost and indirectwages

(D) Prime cost and selling &

distribution overhead

9. (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 notdistributed to shareholders.

(A) Both (A) and (R) are true but (R)

is not correct explanation to (A).

(B) (A) is false but (R) is correct.

(C) Both (A) and (R) are true and (R)is correct explanation of (A).

(D) (A) is correct but (R) is false.

10. Consider the following :

(i) Basic defensive and interval ratio

(ii) Current ratio

(iii) Superquick ratio

(iv) Quick ratio

Arrange these ratios in sequence to

reflect the liquidity in descending

order.

(A) (ii), (iv), (iii) and (i)

(B) (i), (ii), (iv) and (iii)

(C) (iv), (ii), (iii) and (i)(D) (iii), (iv), (i) and (ii)

11. Normally Demand curve slopes

(A) Upward

(B) Downward

(C) Horizontal

(D) Vertical

12. 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) only (i) and (ii)

(B) only (ii) and (iii)

(C) only (i) and (iii)

(D) only (i)

13. Assertion (A): Total utility will be

maximum when marginal utilityto price of respective products

are equal.

Reason (R) : Deviation from this

situation leads to reduction in

maximum utility.

(A) (A) and (R) are not correct.

(B) (A) is correct but (R) is not

correct.

(C) (A) and (R) are correct.

(D) (A) is incorrect, (R) is correct.

14. Match List-I with List-II and select the

correct answer.

List I List II

(i) Survival (a) Economic

Objective

(ii) R.O.I (b) Natural Urge

(iii) Growth (c) Business

Purpose

(iv) Innovation (d) PrimaryObjective

Codes :

(a) (b) (c) (d)

(A) (ii) (iii) (iv) (i)

(B) (ii) (i) (iii) (iv)

(C) (i) (ii) (iii) (iv)

(D) (iv) (iii) (ii) (i)

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J-08-12 5 Paper-II

8. :(A) (B) ,

(C)

(D)

9. (A) : ,

(R) :

, (A) (A) (R) , (A)

(R) (B) (A) , (R) (C) (A) (R) (A)

(R) (D) (A) , (R)

10. :(i) (ii) (iii) (iv) (A) (ii), (iv), (iii) (i)(B) (i), (ii), (iv) (iii)(C) (iv), (ii), (iii) (i)(D) (iii), (iv), (i) (ii)

11. (A) (B) (C) (D)

12. ?

(i)

(ii)

(iii)

(A) (i) (ii)(B) (ii) (iii)

(C) (i) (iii)

(D) (i)

13. (A) :

(R) :

(A) (A) (R) (B) (A) , (R)

(C) (A) (R)

(D) (A) , (R)

14. -I -II -

I II(i) (a)

(ii) .. (b)

(iii) (c)

(iv) (d)

:(a) (b) (c) (d)

(A) (ii) (iii) (iv) (i)

(B) (ii) (i) (iii) (iv)

(C) (i) (ii) (iii) (iv)

(D) (iv) (iii) (ii) (i)

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Paper-II 6 J-08-12

15. Consider the oligopoly models :

(i) Sweezys kinked demand curve

model

(ii) Newman and Morgenstern GameTheory model

(iii) Cournals duopoly model

(iv) Baumals sales maximisation

model

Arrange them in correct sequence as

per order of evolution.

(A) (iv), (iii), (ii), (i)

(B) (ii), (i), (iii), (iv)

(C) (iii), (i), (ii), (iv)

(D) (i), (iii), (ii), (iv)

16. Which of the following is not a restricted

random sampling technique ?(A) Stratified sampling

(B) Simple random sampling

(C) Systematic sampling

(D) Multistage sampling

17. Classification of respondents only on

the basis of gender is an application of

(A) Ordinal scale

(B) Nominal scale

(C) Interval scale(D) Ratio scale

18. Karl Pearsons co-efficient of

correlation between two variables is

(A) the product of their standard

deviations

(B) the square root of the product of

their regression co-efficients

(C) the co-variance between the

variables(D) None of the above

19. Statistical software packages for

research in social sciences include

(A) SPSS

(B) STATA

(C) MiniTab

(D) All of the above

20. F-test is used to test the significance ofthe differences between/among

(A) Two sample mean

(B) More than two samples mean

(C) Variance of two samples

(D) (B) and (C)

21. Match the followingList-I List-II

(i) The Practice of

Management

(a) Henry

Fayol

(ii) Philosophy of

Management

(b) F.W.

Taylor

(iii) Scientific

Management

(c) Oliver

Sheldon

(iv) General and

Industrial

Administration

(d) Peter F

Drucker

Codes :

(i) (ii) (iii) (iv)

(A) (a) (b) (c) (d)

(B) (d) (c) (b) (a)

(C) (d) (c) (a) (b)

(D) (c) (d) (b) (a)

22. Identify the correct sequence of stepsinvolved 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) (i), (ii), (iii), (iv) and (v)(B) (iii), (v), (iv), (ii) and (i)(C) (v), (iv), (iii), (ii) and (i)(D) (iii), (v), (iv), (i) and (ii)

23. Assertion (A) : One can be sure about

future course of actions by

making good plans.

Reasoning (R) : Planning bringscertainty in future course of

actions of an organisation.

(A) (R) is correct but (A) is not

correct.


correct.

(C) Both (A) and (R) are correct.

(D) Both (A) and (R) are not correct.

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J-08-12 7 Paper-II

15. :(i) (ii)

(iii) - (iv) (A) (iv), (iii), (ii), (i)

(B) (ii), (i), (iii), (iv)

(C) (iii), (i), (ii), (iv)

(D) (i), (iii), (ii), (iv)

16.

?(A) (B) (C) (D) -

17. (A)

(B) (C) (D)

18. (A) (B)

(C)

(D)

19. (A) (B) (C) (D)

20. - / ?(A) (B) (C) (D) (B) (C)

21. : I II

(i)

(a)

(ii)

(b)

(iii)

(c)

(iv)

(d)

:(i) (ii) (iii) (iv)

(A) (a) (b) (c) (d)(B) (d) (c) (b) (a)(C) (d) (c) (a) (b)(D) (c) (d) (b) (a)

22. (i) (ii) (iii) (iv) (v) (A) (i), (ii), (iii), (iv) (v)(B) (iii), (v), (iv), (ii) (i)(C) (v), (iv), (iii), (ii) (i)(D) (iii), (v), (iv), (i) (ii)

23. (A) :

(R) :

(A) (R) , (A) (B) (A) , (R) (C) (A) (R) (D) (A) (R)

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Paper-II 8 J-08-12

24. According to Kieth Devis, which oneis not a barrier of communication ?

(A) Physical Barriers

(B) Technological Barriers

(C) Personal Barriers(D) Linguistic Barriers

25. While establishing relation betweenMaslows and Herzbergs theories,

which Needs of Hierachy Theory will

fall under the Hygiene Factors ?

(A) Self actualisation, esteem and

social needs

(B) Esteem, social and safety needs

(C) Social, safety and physiological

needs

(D) Only social needs

26. Howard-Sueth model of consumerbehaviour is popularly known as

(A) Machine Model(B) Human Model

(C) Marketing Model

(D) Purchase Model

27. To generate and facilitate anyexchange 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) Aggressive marketing

(B) Operating marketing

(C) Green marketing


28. All the activities involved in sellinggoods or services directly to final

consumers for personal non-business

uses are done by

(A) Wholesalers

(B) Retailers

(C) Mediators

(D) Commission Agents

29. To manage a business well is to

manage its future and to manage the

future is to manage information is

termed as

(A) Management information system

(B) Marketing information system

(C) Future information system

(D) General information system

30. DAGMAR approach in marketing is

used to measure

(A) Public relations

(B) Advertising results

(C) Selling volume

(D) Consumer satisfaction

31. Which one is not an importantobjective of Financial Management ?

(A) Profit Maximisation

(B) Wealth Maximisation

(C) Value Maximisation

(D) Maximisation of social benefits

32. Which one refers to cash inflow underpayback period method ?

(A) Cash flow before depreciationand taxes

(B) Cash flow after depreciation andtaxes

(C) Cash flow after depreciation butbefore taxes

(D) Cash flow before depreciationand after taxes

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J-08-12 9 Paper-II

24.

?

(A)

(B)

(C) (D)

25.

?

(A) : ,

(B) ,

(C) ,

(D)

26. -

(A)

(B)

(C)

(D)

27.

,

,

(A)

(B)

(C)

(D)

28. , - , ?(A)

(B) (C) (D)

29. , (A) (B)

(C) (D)

30. . . . . . . ?(A) (B) (C) (D)

31. , ?(A) (B) (C) (D)

32. : ?(A) (B) (C)

(D)

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Paper-II 10 J-08-12

33. The concept of present value is based

on the :

(A) Principle of compounding

(B) Principle of discounting

(C) (A) and (B)

(D) None of the above

34. Cost of capital from all the sources of

funds is called

(A) Specific cost

(B) Composite cost

(C) Implicit cost

(D) Simple Average cost

35. Match the following with most suitable

option :

(a) Modigiliani-

Miller

Approach

(i) Commercial

papers

(b) Net Operating

Income

Approach

(ii) Working

Capital

Management

(c) Short term

Money

Market

Instrument

(iii) Capital

Structure

(d) Factoring (iv) Arbitrage

Codes :

(a) (b) (c) (d)

(A) (iv) (iii) (i) (ii)

(B) (iii) (iv) (i) (ii)

(C) (iii) (ii) (i) (iv)

(D) (iii) (ii) (iv) (i)

36. Which four are the factors influencing

the Human Resource Management of

an organisation ?

(i) Size of workforce

(ii) Employee Expectations

(iii) Composition of workforce(iv) Political influence

(v) Changes in technology

(A) (i), (ii), (iii) and (iv)

(B) (i),(ii), (iii) and (v)

(C) (i), (ii), (iv) and (v)

(D) (i), (iii), (iv) and (v)

37. Assertion (A) : One can not be sureabout the quality of appraisal on

the basis of length of service.

Reasoning (R) : Initial appraisal and

promotional appraisal are done

separately and differently since

the length of service is different.

(A) (R) is correct but (A) is not

correct.


correct.

(C) (A) and (R) both are correct.(D) (A) and (R) both are not correct.

38. Which of the following are covered

under the scope of Human Resource

Management ?

(i) Forecasting Human ResourceNeeds

(ii) Replacement Planning

(iii) Human Resource Dynamics

(iv) Human Resource DevelopmentPlanning

(v) Human Resource Audit

(A) (i), (iii), (v)

(B) (i), (ii), (iii), (iv)

(C) (iii), (v)

(D) (i), (ii), (iii), (iv), (v)

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J-08-12 11 Paper-II

33. :

(A)

(B)

(C) (A) (B)

(D)

34.

(A)

(B)

(C) (D)

35. -

:

I II

(a) -

(i)

(b)

(ii)

(c)

(iii)

(d) (iv)

:

(a) (b) (c) (d)

(A) (iv) (iii) (i) (ii)

(B) (iii) (iv) (i) (ii)

(C) (iii) (ii) (i) (iv)

(D) (iii) (ii) (iv) (i)

36.

?

(i)

(ii)

(iii) (iv)

(v)

(A) (i), (ii), (iii) (iv)

(B) (i), (ii), (iii) (v)

(C) (i), (ii), (iv) (v)

(D) (i), (iii), (iv) (v)

37. (A) : -

(R) : -

(A) (R) , (A)

(B) (A) , (R)

(C) (A) (R) (D) (A) (R)

38. ?

(i)

(ii)

(iii)

(iv)

(v)

(A) (i), (iii), (v)

(B) (i), (ii), (iii), (iv)

(C) (iii), (v)

(D) (i), (ii), (iii), (iv), (v)

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Paper-II 12 J-08-12

39. On which of the following, at the

initial stage, the Indian IT companies

relying more for getting good IT

professionals ?

(A) Job Portals

(B) Placement Agencies

(C) Campus Placement


40. Statement (i) : Labour always get a

major share of productivitygains.

Statement (ii) : Partial stoppage of

work by workers amounts to

strike.

(A) Statement (i) is true but (ii) is

false.

(B) Statement (ii) is true but (i) is

false.

(C) Both statements are true.

(D) Both statements are false.

41. Imperial Bank was established on

January 27, 1921 on the advise of

(A) J. M. Keynes

(B) Lord Illingworth

(C) King George V

(D) Winston Churchill

42. Read the following events :

(i) Allowing convertibility of rupee

at the market rate in the current

account

(ii) Nationalisation of general

insurance business

(iii) Establishment of IDBI

(iv) Nationalisation of life insurance

business

(v) Capital adequacy norms for

commercial banks

Arrange the events in the ascending

order of their occurrence :

(A) (iv), (iii), (ii), (i), (v)

(B) (v), (iv), (iii), (ii), (i)

(C) (i), (ii), (iii), (v), (iv)

(D) (i), (v), (ii), (iv), (iii)

43. In India, the Commercial Banks are

given license of operation by

(A) The Government of India

(B) The Ministry of Finance

(C) Reserve Bank of India

(D) Banking Companies Regulation

Act, 1949

44. The provisions of General Reserve in

Banking Companies are made keepingin view the provisions of

(A) Indian Companies Act, 1956

(B) Banking Companies Act, 1949

(C) SEBI Act, 1992

(D) Statutory Auditor

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J-08-12 13 Paper-II

39.

?

(A)

(B)

(C)

(D)

40. (i) :

(ii) :

(A) (i) , (ii)

(B) (ii) , (i)

(C)

(D)

41. 27, 1921

?

(A) . .

(B)

(C) V

(D)

42. :

(i)

(ii)

(iii) ....

(iv)

(v)

:

(A) (iv), (iii), (ii), (i), (v)

(B) (v), (iv), (iii), (ii), (i)

(C) (i), (ii), (iii), (v), (iv)

(D) (i), (v), (ii), (iv), (iii)

43.

?

(A)

(B)

(C)

(D) , 1949

44.

, , :

(A) , 1956

(B) , 1949

(C) ( ) , 1992

(D)

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Paper-II 14 J-08-12

45. Which among the following is not truewith regard to merchant banker ?

(i) It can accept deposits.

(ii) It can advance loans.

(iii) It can do other banking activities.

(iv) It can be manager to a publicissue.

(A) (i), (ii) and (iii)

(B) (ii), (iii) and (iv)

(C) (i), (iii) and (iv)

(D) (ii) and (iv)

46. Balance of Payments can be made

favourable if

(A) Exports are increased

(B) Imports are increased

(C) Devaluation of money

(D) (A) and (C)

47. Which one is not an objective of IMF ?

(A) To promote international

monetary co-operation

(B) To ensure balanced internationaltrade

(C) To finance productive effortsaccording to peace-time

requirement

(D) To ensure exchange rate stability

48. EPCG denotes

(A) Export Potential and Credit

Guarantee

(B) Earning Promotion and Credit

Guarantee

(C) Export Promotion and Credit

Guarantee

(D) Export Potential and CreditGoods

49. Which one of the following matches

correspond to the Member and

Observer countries of the SAARC ?

(i) India, Pakistan, Bangladesh,Bhutan, Nepal, Sri Lanka,

Afghanistan, Maldive

(ii) Iran, China, Japan, USA, South

Korea, European Union

(iii) Pakistan, Nepal, India,

Bangladesh, Iran

(iv) UK, USA, North Korea, South

Africa

(A) (iii) and (iv)

(B) (ii) and (iv)

(C) (i) and (ii)

(D) (ii) and (iii)

50. Which one is not an internationalorganisation ?

(A) SAARC

(B) ASEM

(C) ASEAN

(D) CBDT

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J-08-12 15 Paper-II

45. , ,

?

(i)

(ii)

(iii)

(iv)

(A) (i), (ii) (iii)

(B) (ii), (iii) (iv)

(C) (i), (iii) (iv)(D) (ii) (iv)

46.

(A)

(B)

(C)

(D) (A) (C)

47.

?

(A) -

(B) -

(C) -

(D)

48. (E P C G)

(A)

(B)

(C)

(D)

49. (

)

?

(i) , , , ,

, , ,

(ii) , , , ...,

,

(iii) , , , ,

(iv) .., ..., ,

(A) (iii) (iv)

(B) (ii) (iv)

(C) (i) (ii)

(D) (ii) (iii)

50. -

?(A) ( )

(B)

(C)

(D)

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