Paper 3 has been removed from NET from 2018 (Notification)- now paper 2 and 3 syllabus is included in paper 2. Practice both paper 2 and 3 from past papers.

NTA NET Commerce 26 June 2019 Part 3 Download all the papers to prepare for NET 2020

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Ques 41. Which one of the following is used for international money transfer?

(I) RTGS

(II) NEFT

(III) SWIFT

(IV) DD

Ques 42. Which one is NOT true regarding the Market Stabilization Scheme (MSS)?

(I) It absorbs surplus liquidity of enduring nature arising out of large capital flows

(II) It absorbs surplus liquidity through sale of short dated government securities and treasury bills

(III) Mobilised surplus liquidity is held in the MSS account with the Reserve Bank of India

(IV) MSS account liquidity can be used for normal government expenditure of capital nature

Ques 43. Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI Act), 2005?

(I) Logbooks

(II) Data material held in electronic form

(III) File noting

(IV) Circular

Ques 44. Which of the following are included in digital payment system?

(a) RTGS

(b) Demand draft

(c) NEFT

(d) Cheque

Choose the correct option from the following:

(I) (a), (c) and (d)

(II) (b) and (d) only

(III) (a) and (c) only

(IV) (b), (c) and (d)

Ques 45. Which of the following is NOT true about BASEL?

(I) Initially it was named as Committee of Banking Regulations and Supervisory Practices (CBRS)

(II) BASEL was established by the Central Bank Governors of fifteen countries

(III) It was established by the end of 1974

(IV) Disturbances in international currency and banking markets were responsible for its establishment

Ques 46. Which of the following committees is related to the investor protection?

(I) Bhagwati Committee

(II) NK Mitra Committee

(III) JR Verme Committee

(IV) LC Gupta Committee

Ques 47. Quantitative import restrictions that limit the quantity of a product being imported is called

(I) embargo

(II) Quota

(III) Trade restraint

(IV) Import tariff

Ques 48. A company issues 10% irredeemable preference shares. The face value per share is ₹ 100 but the issue price is ₹ 95. What is the cost of preference share?

(I)

(II)

(III)

(IV)

Ques 49. SUGAM is also known as

(I) ITR-1

(II) ITR-2

(III) ITR-3

(IV) ITR-4

Ques 50. In which of the following pricing policies, a firm charges a higher initial price for the product and reduces it overtime as the demand at higher price is satisfied?

(I) Peak load pricing

(II) Incremental pricing

(III) Skimming

(IV) Penetration Pricing

Ques 51. New reform in Indian banking system include

(a) Digitisation of bank operations

(b) Banking consolidation

(c) Borrowing from government

(d) Agency work

Choose the correct option from the following:

(I) (a) and (b)

(II) (c) and (d)

(III) (b), (d) and (c)

(IV) (a), (c) and (d)

Ques 53. Match List I and List II:

List - I

(a) Ind AS - 16

(b) Ind AS - 38

(c) Ind AS - 17

(d) Ind AS - 12

List - II

(i) Income tax

(ii) Leasing

(iii) Intangible Assets

(iv) Property, plant and equipments

Choose the correct option from those given below:

(I) (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)

(II) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)

(III) (a)-(iii), (b)-(ii), (c)-(iv), (d)-(i)

(IV) (a)-(iv), (b)-(ii), (c)-(i), (d)-(iii)

Ques 54. Which of the following is true about India Trade Policy (Export - Import), 2015 - 2019?

(a) Doubling the exports (both merchandise and services)

(b) Achieve 3 - 5% share in global exports

(c) Introduced two new schemes (MEIS and SEIS)

(d) Introduced simplified Ayat - Niryat Form

Choose the correct answer from the following:

(I) (a) and (b) only

(II) (a) and (c) only

(III) (a),(b), and (c) only

(IV) All are correct

Ques 55. List out from the given statements the important ethical principles that a business should follow:

(a) To take the necessary action for the development of the concerned industry or business

(b) Pay taxes and discharge other obligations promptly

(c) To ensure the best utilisation of human resources

(d) Refrain from secret kickbacks or party offs to customers, suppliers, administrators etc.

(e) Ensure payment of fair wages and fair treatment of employees

Choose the correct answer from the options given below:

(I) (c), (d) and (e)

(II)(b), (d) and (e)

(III)(a), (b) and (c)

(IV)(b), (d) and (e)

Ques 56. Match List I with List II:

List me:

(a) 80 TTA

(b) 80 CCD

(c) 80 E

(d) 80 EE

List II:

(i) Deduction in respect of payment of interest on loan taken for higher education

(ii) Deduction in respect of interest on loan taken for residential house property

(iii) Deduction in respect of interest on deposits in savings account

(iv) Deduction in respect of contribution to national pension system

Choose the correct option from those given below:

(I) (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)

(II) (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)

(III) (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)

(IV) (a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)

Ques 57. Which of the following are NOT sources of secondary data?

(a) Interview

(b) Questionnaire

(c) Observation

(d) Unpublished thesis

(e) Annual report

Choose the correct option from the following:

(I) (a), (d) and (e)

(II) (b), (c) and (d)

(III) (c), (d) and (e)

(IV) (a), (b) and (c)

Ques 58. Organisation structure that shows a unique combination of strategy, structure and management process is known as

(I) Free form organisation

(II) Virtual Organisation

(III) Network Organisation

(IV) Horizontal Organisation

Ques 59. In case of specific goods in deliverable state, the sale is concluded _____

(I)When goods are delivered to buyer

(II) When contract of sale is made by parties

(III) When money is paid by buyer

(IV) When goods are delivered and money is paid

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