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 Important Higher Questions and Answer Part 2

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63. Short term money market comprises of

a) Re-discounting bills

b) Interbank deposit market

c) Call money market

d) all of the above


64. Does citizenship of an individual has any role in degerming the residential status of an individual?

a) True

b) False


65. Agriculture income is exempt under section

a) 10(2)

b) 10(3)

c) 10(1)

d) 10(5)


66. ______ is screening new product ideas in order to spot good ideas and drop poor ones as soon as possible.

a) Idea generation

b) Idea screening

c) Concept development and testing

d) Innovation


67. Ideal ratio of current ratio is

a) 2:1

b) 1:1

c) Both (a) and (b)

d) None of these


68. Audit begins where _____ ends.

a) Purchases

b) Sales

c) Inventory valuation

d) Accounting


69. ______ buys product and _____ use products.

a) Consumers and customers

b) Buyers and sellers

c) Buyers and customers

d) Customers and consumers


55. Headquarters of WTO (World Trade Organization)

a) Shanghai, China

b) Washington DC, USA

c) Geneva, Switzerland

d) London, UK


56. The rate at which the customer is willing to buy quoted currency in exchange for base currency.

a) Bid rate

b) Offer rate

c) Spot rate

d) Indirect quotation


57. Agreement without consideration is

a) Valid

b) Void

c) Voidable

d) None of these


52.”Production Function is the relation between a firm’s production (output) and material factors of production (input), this is given by-

a) Koutsoyiannis

b) Allen

c) Watson

d) None of these


47. What is the time limit to get the information under RTI Act, 2005?

a) 15 days

b) 30 days

c) 60 days

d) 49 days


48. A periodical evaluation of an employee is done through

a) Job rotation

b) Work guide

c) Performance appraisal

d) None of these


49. Inductive logic proceeds from

a) Particular to general

b) General to particular

c) Particular to particular

d) None of these


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