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 6th December 2019 Evening Shift Part 2 Solutions | Answers | Explanations at Doorsteptutor. Com

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International Business

International Economic Institutions - IMF, World Bank, IFC, IDA, ADB

13. In which of the following years, the Bretton Woods agreement was signed by the delegates from 44 nations which led to the establishment of the IMF?

1. 1940

2. 1952

3. 1944

4. 1957

Legal Aspect of Business

Consumer Protection Act

14. Which one of the following is not correct according to the consumer protection Act?

1. District forum shall consist of a lady social worker

2. State commission shall consist of a person who is or has been a judge of high court

3. District forum shall consist of four members

4. National consumer dispute Redressal commission shall consist of a person who is or has been a judge of the Supreme Court

Business Economics

Forms of Market

15. Which one of the following statements is true?

I. A simple normal firm always earns super normal profits

II. Sweezy’s kinked demand curve model is the best-known model explaining relatively more satisfactory behaviour of the oligopoly firm for price rigidity

III. A perfectly competitive firm is price taker

IV. Firm under monopolistic competition earn only normal profits

Choose the correct option from those below

1. I and IV

2. II and IV

3. II and III

4. I and III

Business Finance

Capital Budgeting

16. Which one of the following statements is true?

I. Payback period method considers all the cash flows of the projects

II. Payback period method concerns more with the recovery of the costs than profitability

III. Net present value represents net addition to the wealth of the shareholders

IV. Accounting rate of return method incorporates risk as well as time value of money

Choose the correct option from those below:

1. I and II

2. I and IV

3. II and III

4. II and IV

Business Economics

Indifference Curve Analysis

18. In the case consumer’s equilibrium to be explained through an ordinal approach, when there are two commodities with their prices given and with limited income of the consumer, the following information is required:

I. Price line/ budget line

II. Indifference map

III. Point of tangency between IC and budget line

IV. Equality of the slopes of IC and budget line

Arrange the information required in the correct sequence and the choose the right option from those below:

1. II, IV, I, III

2. II, I, IV, III

3. I, IV, II, III

4. I, II, III, IV

Legal Aspect of Business

Corporate Law

19. Which of the following are not qualified to be appointed as auditor of a company?

I. An individual who is a chartered Accountant and holds a certified of practice as per CA act, 1949

II. A limited liability partnership firm, which has all partners as chartered accountants

III. Officer or employee of a company who is qualified chartered accountant degree holder too

IV. Any chartered accountant whose appointment will result in the person being the auditor of more than 10 companies

Choose the most appropriate option

1. I and II

2. II, III and IV

3. III and IV

4. I, II and IV

Legal Aspect of Business

Negotiable Instrument Act

20. Which one of the following is not a presumption about the negotiable instrument?

1. Date

2. Consideration

3. Stamp

4. Absolute and good tittle to the transferee

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