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 5 Download all the papers to prepare for NET 2020

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Ques 76. In which of the following commodities does a consumer spend so much that negative income effect overwhelms the positive substitution effect so that the underlying demand curve is positively sloped?

(I) Inferior goods

(II) Superior goods

(III) Giffen goods

(IV) Normal goods

Ques 77. General offer is accepted by?

(I) Offeror himself

(II) General public at large

(III) Anybody fulfilling the conditions of the offer

(IV) Only by some specific people

Ques 78. Which of the following is an instance of non-conventional dumping?

(I) Sporadic dumping

(II) Predatory dumping

(III) Reverse dumping

(IV) Persistent dumping

Ques 79. Assertion (A): At times a business may face the situation when it has to shut down its operations.

Reason (R): If the revenue is less than its variable cost, the operation should be closed down.

In the context of the above two statements, which one of the following codes is correct?

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

(II) (A) and (R) both are correct and (R) is the right explanation of (A)

(III) (A) and (R) both are correct but (R) is not the right explanation of (A)

(IV) Both (A) and (R) are incorrect

Ques 80. Match List I with List II:

List I

(Theories of Profit)

(a) Risk theory of profit

(b) Innovation theory of profit

(c) Rent theory of profit

(d) Dynamic theory of profit

List II

(Economists)

(i) Schumpeter

(ii) Walker

(iii) Hawley

(iv) Clark

Choose the correct option from those given below:

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

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

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

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

Ques 81. Statement I: If the tax liability has been reduced within the legal framework, it is tax planning.

Statement II: If the tax liability has been reduced to get benefit of deduction available under the income tax, it is called tax evasion.

In the context of above two statements, which one of the following codes is correct?

(I) Both the statements (I) and (II) are correct

(II) Statement (I) is correct but (II) is incorrect

(III) Both Statements (I) and (II) are incorrect

(IV) Statement (II) is correct but (I) is incorrect

Ques 82. 'Doctrine of Caveat Emptor' means

(I) Buyer should make payment well in time

(II) Buyer should beware of all aspects of buying

(III) Buyer will be responsible for the whole payment

(IV) Buyer will not be responsible at any cost

Ques 83. Which of the following are considered non-parametric tests?

(a) Mann- Whitney U test

(b) Kruskal - Wallis test

(c) F test

(d) T test

(e) Chi square test

Choose the correct option from the following:

(I) (a), (b) and (e)

(II) (a), (b) and (c)

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

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

Ques 84. Match List I with List II:

List I

(Trade and Finance Institution)

(a) WTO

(b) IMF

(c) FAO

(d) EU

List II

(Headquarters)

(i) Brussels

(ii) Geneva

(iii) Washington

(iv) Rome

Choose the correct option from those given below:

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

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

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

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

Ques 85. Following are the information for a house property:

Municipal Value ₹

Fair rental value ₹

Standard Rent ₹

Actual Rent ₹

What is the gross annual value of the house property?

(I) ₹

(II) ₹

(III) ₹

(IV) ₹

Ques 86. Under which of the following situations the decision outcome on evaluation of investment opportunities vary under NPV and IRR methods per say?

(a) Time disparity

(b) Cost disparity

(c) Life disparity

(d) Volume disparity

Choose the correct combination of situations:

(I) (a) and (d) only

(II) (B) and (d) only

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

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

Ques 87. Match List I with List II:

List I

(a) Interbank call market

(b) Commercial bills

(c) Commercial papers

(d) Treasury bills

List II

(i) Money Market

(ii) Promissory note

(iii) Short term maturity

(iv) Government papers

Choose the correct option from those given below:

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

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

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

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

Ques 88. The arithmetic mean of 10 items is 50. If each item is increased by 5 then new arithmetic mean would be

(I) 50

(II) 55

(III) 60

(IV) 45

Ques 89. Miller - Orr model is used in the management of

(I) Inventory

(II) Leverage

(III) Receivables

(IV) Cash

Developed by: