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 December 2018 Commerce Part 3

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Q-41 Match the items of List I with the items of List II and choose the correct answer from the code given below.

List 1 and List 2 Q 41
List 1 and List 2 Q 41

List I

List II

  1. Income elasticity less than unity

  • Competitive goods

  • Cross elasticity less than unity

  • Inferior goods

  • Cross elasticity less than zero

  • Superior goods

  • Income elasticity less than zero

  • Complementary goods

Code:

Options:-

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

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

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

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

Q-42 Which one of the following modes is not an example of Direct and Database marketing communication?

Options:-

  1. Mailings

  2. Catalogues

  3. Telemarketing

  4. Social media marketing

Q-43 “Everyone benefits when the focus is on common interest and promotion of harmony” is the underlying assumption of which one of the following approaches to industrial relations?

Options:-

  1. Marxist approach

  2. Pluralistic approach

  3. Unitary approach

  4. Human Relations approach

Q-44 The Industrial Policy, 1956 has been prompted by which combination of the following developments?

  1. Adoption of the Constitution of India.

  2. Implementation of Economic Planning.

  3. Acceleration of Economic Growth and Industrialisation.

  4. Availability of Sufficient Funds for Investment in Public Sector.

Choose the correct answer from the code given below:

Code:

Options:-

  1. Only (ii) and (iv)

  2. Only (ii), (iii) and (iv)

  3. Only (i), (ii) and (iv)

  4. Only (i) and (ii)

Q-45 Banking Ombudsman Scheme was introduced by RBI with effect from

Options:-

  1. 2005

  2. 1998

  3. 2001

  4. 1995

Q-46 Sales of a firm are RS.40 lacs; variable costs RS.10 lacs; fixed costs RS.15 lacs; interest RS.5 lacs. Combined leverage of the firm will be

Options:-

  1. 3

  2. 8

  3. 2

  4. 2.5

Q-47 Corporations are controlled and directed by which one of the following?

Options:-

  1. Corporate mechanism

  2. Corporate governance

  3. Corporate ethics

  4. Corporate codes

Q-48 Which one of the following is not the function of the Reserve Bank of India?

Options:-

  1. Custodian of Cash Reserves of Commercial Banks

  2. Accepting deposits and advancing loans to public

  3. Controller of credit

  4. Issue of Bank notes

Q-49 ‘Finance for exporting companies’ as part of major programmes of the Exim Bank of India does not include

Options:-

  1. Term loans

  2. Working capital

  3. Overseas investment finance

  4. Post-shipment credit

Q-50 A firm has inventory turnover of 3 and cost of goods sold is RS.2,70,000. With better inventory management, the inventory turnover is increased to 5. This would result in

Options:-

  1. Decrease in inventory by RS.36,000

  2. Increase in inventory by RS.54,000

  3. Decrease in inventory by RS.90,000

  4. Increase in cost of goods sold by RS.20,000

Q-51 Which one of the following is not the basic function of WTO?

Options:-

  1. To facilitate the implementation, administration and operation of trade agreements

  2. To settle differences and disputes among its member countries

  3. To facilitate the expansion and balanced growth of international trade

  4. To carry out periodic reviews of the trade policies of its member countries

Q-52 Which of the following statements is/are true?

  1. Tax-shield on depreciation and interest is an important variable both for the lessor and the lessee.

  2. Lease transactions in India are governed by the Lease Act.

  3. A lessee should evaluate the lease options against the buying option.

  4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.

Choose the correct answer from the code given below:

Code:

Options:-

  1. Only (ii)

  2. (i) and (iv)

  3. (i), (iii) and (iv)

  4. (ii), (iii) and (iv)

Q-53 Merger of two companies under the Board for Industrial and Financial Reconstruction (BIFR) supervision is known as

Options:-

  1. Negotiated merger

  2. Offer for sale

  3. Reverse merger

  4. Arranged merger

Q-54 On fulfilling certain conditions, for an undertaking set up in special economic zones, deduction under section 10 AA of the Income Tax Act is allowed for

Options:-

  1. 5 years

  2. Unlimited period

  3. 15 years

  4. 10 years

Q-55 Which one of the following items is not a part of job specification?

Options:-

  1. Initiative

  2. Emotional characteristics

  3. Location

  4. Judgement

Q-56 For the following two statements regarding infrastructural services in the county, choose the correct code for the statements being correct or incorrect.

Statement I: Most infrastructure services are provided by public monopolies which generally suffer with severe problems like lack of accountability, low productivity, poor financial performance and over-employment.

Statement II: There is a need now to induce more private sector investment and participation in provision of social overheads as it may encourage better risk sharing, accountability, monitoring and management of infrastructure sector.

Code:

Options:-

  1. Both I and II are correct.

  2. I is incorrect, but II is correct.

  3. I is correct, but II is incorrect.

  4. Both I and II are incorrect.

Q-57 Choose the correct for the following statements being correct or incorrect.

Statement I: An option which gives its holder the privilege of selling to other party a fixed amount of some stock at a stated price on or before a predetermined date is known as call option.

Statement II: In an option, the holder has the privilege of purchasing from other party a fixed amount of some stock at a stated price on or before a predetermined date is known as put option.

Code:

Options:-

  1. Both the statements I and II are incorrect.

  2. Statement II is correct, but I is incorrect.

  3. Statement I is correct, but II is incorrect.

  4. Both the statements I and II are correct.

Q-58 Second generation reforms in our county do not comprise of which one of the following?

Options:-

  1. Exploiting the knowledge based global economy

  2. Clean environment

  3. Population control measures

  4. Growing Indian transnational corporations

Q-59 If a perpendicular on X-axis from the point of intersection of both ‘less than’ and ‘more than’ frequency curves is drawn, it gives the value of

Options:-

  1. Mode

  2. Median

  3. Third quartile

  4. Arithmetic mean

Q-60 Match the items of List I with the items of List II and choose the correct answer from the code given below.

List 1 and List 2 Q 60
List 1 and List 2 Q 60

List I

List II

  1. Job context

  • Procedures used

  • Job-related tangibles and intangibles

  • Work schedule

  • Work activities

  • Work standards

  • Work performance

  • Services rendered

Code:

Options:-

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

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

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

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

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