đŁ 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 June-2013 Solved Paper III
Online Paper 1 complete video lectures with Dr. Manishika Jain. Join now!
- Secrets to easily score in UGC Paper-I-Get IndiaŐs number 1 postal course with thoursands of UGC NET Paper-I questions Examrace NTA-NET Paper-I Postal Course
- Under the provisions of the Industries (Development and Regulation) Act, 1951, a licence is necessary for
- Changing the location of an existing industrial undertaking.
- Producing or manufacturing a ânew articleâ in an existing industrial undertaking.
- Establishing a new undertaking.
- All of the above:
- Answer: d
- Match the items of List-I with the items of List-II and select the correct answer.
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Political and Legal Environment
- Demographic Environment
- Economic Environment
- Geographical and Ecological Environment
- Important for industries directly depending on imports or exports.
- Close relationship with the economic system and economic policy.
- Related to natural resources.
- Occupational and spatial mobilities of population having implications for business.
- A
- B
- C
- D
- 2
- 4
- 3
- 1
- 2
- 4
- 1
- 3
- 1
- 2
- 3
- 4
- 1
- 2
- 4
- 3
- Answer: b
- Match the items of List-I with the items of List-II and select the correct answer:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - SLR
- SIDBI
- CUTS
- ILPIC
- Working in the field of consumer protection.
- Credit control.
- Industrial policy.
- Facilitating Small Scale Industries.
- A
- B
- C
- D
- 1
- 3
- 4
- 2
- 2
- 4
- 1
- 3
- 1
- 2
- 3
- 4
- 1
- 3
- 2
- 4
- Answer: b
- Match the following:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - National Stock Exchange
- National Securities Depository Limited
- Securities and Exchange Board of India
- SecuritiesTradingCorporationofIndia
- Marks the beginning of the process of dematerialisation of shares of the participating companies.
- Facilitation of equal access to investors across the country.
- To foster the development of an active secondary market for Government Securities.
- Abolition ofCapital issuescontrol and retaining the sale authority for new capital issues.
- A
- B
- C
- D
- 2
- 1
- 4
- 3
- 1
- 2
- 3
- 4
- 1
- 2
- 4
- 3
- 4
- 3
- 2
- 1
- Answer: a
- The United Nations Conference on Trade and Development (UNCTAD) was set up in
- 1944
- 1954
- 1960
- 1964
- Answer: d
- Indicate the ground on which a complaint under the Consumer Protection Act, 1986, shall be invalid.
- A product having short weight.
- A service provded free of cost.
- A misleading advertisement given in newspaper.
- None of the above:
- Answer: b
- Out of the following, which are the four components of food security?
- Food availability
- Food market
- Food accessibility
- Food utilization
- Food credit
- Codes:
- 3,4 and 5
- 1,3 and 4
- 1,2 and 3
- 1,2 and 4
- Answer: b
- Performance evaluation of a responsibility centre can be done by
- ROI
- Return on sales
- EVA
- All of the above
- Answer: d
- Social Balance Sheet shows
- Social costs
- Social revenues
- Value of employees of the organisation
- All of the above
- Answer: c
- Which of the following comes under efficiency ratios?
- Average collection period
- Inventory turnover ratio
- Fixed assets turnover ratio
- All of the above
- Answer: d
- Match the items of the following two lists:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Statement of changes in Working Capital
- Deferred Tax
- Three activities
- Impairment Loss
- Cash Flow Statement
- Fixed Assets
- Funds Flow Statement
- Balance Sheet
- A
- B
- C
- D
- 1
- 2
- 3
- 4
- 3
- 4
- 2
- 1
- 3
- 4
- 1
- 2
- 4
- 3
- 1
- 2
- Answer: c
- Match the items of the following two lists and indicate the correct answer:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Earning ability of firm
- Conservatism
- Cash profit
- Cash and Accrual
- Basis of Accounting
- PâV ratio
- Cash flow statement
- Prudence
- A
- B
- C
- D
- 2
- 4
- 3
- 1
- 2
- 1
- 4
- 3
- 3
- 4
- 1
- 2
- 3
- 4
- 2
- 1
- Answer: a
- Assertion (A) : Only the relevant costs should be taken into consideration for decisionmaking.
- Reason (R) : All variable costs are relevant costs and all fixed costs are irrelevant costs.
- In the above statements, which one alternative of the following is correct? Codes:
- Both A and R are correct.
- Only A is correct, but R is wrong.
- Only R is correct, but A is wrong.
- Both A and R are wrong.
- Answer: b
- Assertion (A) : Variance analysis is undertaken for planning and control of costs.
- Reason (R) : Future costs are taken into consideration in budgeting and standard costing.
- In the above statements, which one alternative of the following is correct? Codes:
- Both A and R are correct and R is the Reason for (A) .
- Both A and R are correct and R is not the Reason for (A) .
- A is correct, but R is wrong.
- A is wrong, but R is correct.
- Answer: b
- Assertion (A) : Mark-up pricing is a method of determining price.
- Reason (R) : P = ATC + (m Ă ATC) is the expression for that.
- A is correct but R is not correct.
- Both A and R are correct.
- Both A and R are not correct.
- R is correct, but A is not correct.
- Answer: b
- Match the items of List-I with the items of List-II and select the correct answer.
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Economic profit
- Accounting profit
- CollusionâCartel
- Market
- Total Revenue Explicit cost
- Buyers and Sellers exchanging
- Total Revenue â Total cost
- Oligopoly
- A
- B
- C
- D
- 3
- 1
- 4
- 2
- 1
- 2
- 3
- 4
- 4
- 3
- 2
- 1
- 2
- 4
- 1
- 3
- Answer: a
- Which one is not the item of economic cost to the business?
- Owner suppled resources.
- Market supplied resources.
- Implicit costs.
- Non-monetary opportunity costs of using owner supplied resources.
- Answer: b
- Demand must have the elements
- Desire
- Want
- Quantity, Price and Time
- All of the above
- Answer: d
- Match the items of List-I and items of List-II and select the correct code for the answer.
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Utilitarian Approach
- Ordinal Approach
- Price-Consumption Curve
- Consumer Equilibrium
- Marginal Rate of Substitution
- Budget line & Indifference Curve
- U = f (x, y)
- MRSxy = MRSyx
- A
- B
- C
- D
- 1
- 4
- 3
- 2
- 2
- 3
- 4
- 1
- 3
- 1
- 2
- 4
- 4
- 2
- 1
- 3
- Answer: c
- The Learner Index measures
- Market power
- Price
- Price-Marginal cost
- None of the above
- Answer: a
- Match the items of List-I and items of List-II and select the correct answer.
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Perfect competition
- Monopolistic competition
- Oligopoly
- Discriminating Monopoly
- Different prices for the same product
- Dominant strategy
- Product differentiation
- Identical product
- A
- B
- C
- D
- 4
- 3
- 2
- 1
- 1
- 2
- 3
- 4
- 2
- 4
- 1
- 3
- 3
- 1
- 4
- 2
- Answer: a
- If there are 8 possible classes under consideration for goodness of-fit, the number of degrees of freedom will be
- 8
- 7
- 6
- Cannot be determined from the given information.
- Answer: d
- Identify from the following, the test statistic for which the value of numerator should always be greater than that of denominator.
- âChi-squareâ
- âFâ value
- âZâ value
- âtâ value
- Answer: b
- Which of the following tests can be applied to ordinal scale data?
- Chi-square test
- âZâ test
- Kruskal-Wallis test
- Wilcoxon Mann-Whitney test
- Codes:
- 1,2 and 3
- 2,4 and 3
- 1,3 and 4
- 1,2 and 4
- Answer: c
- Which of the following tests can be based on the normal distribution?
- Difference between independent means
- Difference between dependant means
- Difference between proportions
- All of the above
- Answer: d
- From the following, identify one situation where âFâ test cannot be used?
- To compare more than two populations means.
- To test the hypothesis about a single population variance.
- To test the hypothesis about two-population variance.
- To study about randomized block design.
- Answer: b
- Which statistical test should be applied to test the effectiveness ofŐspecial coaching on the marks scored by the students?
- Paired t-test
- âChi-squareâ test
- âZâ test
- âFâ test
- Answer: a
- In a linear equation, y = a + bx, âaâ refers to
- Slope
- Y-intercept
- Dependant variable
- Independent variable
- Answer: b
- Which among the following is the most popular approach for accomplishing the results?
- Management by exception
- Reward system
- Management by objectives
- Mentor system
- Answer: c
- The managerial function of organizing involves
- Reviewing and adjusting plan in the light of changing conditions.
- Establishing programme for the accomplishment of objectives.
- Creating structure of functions and duties to be performed.
- Getting things done through others.
- Answer: c
- A leader who identifies what subordinates need to do to achieve objectives, clarify organizational roles and tasks, set up an organization structure, reward performance and provide for the social needs of their followers, is
- A transformational leader
- A participative leader
- A transactional leader
- An autocratic leader
- Answer: c
- Which of the following is not an assumption of theory X?
- An average human being has an inherent dislike of work and will avoid it if he can.
- An average human being prefers to be directed, seeks to avoid responsibility, has relatively little ambition, and wants security above all.
- An average human being learns under proper conditions, not only to accept responsibility but also to seek it.
- Most people must be coerced, controlled, directed and threatened with punishment to get them put forth adequate effort.
- Answer: c
- If a network of interpersonal relationship that arise when people associate with each other is an informal organization, then find out which of the following is not an informal organization?
- The âmachine shopâ group
- Customers Ⲡgroup
- The âsixth floorâ group
- The âFriday evening bowlingâ gang
- Answer: b
- Which of the following are sources of ethics?
- Religion
- Legal system
- Economic system
- Culture
- Family system
- 1,2, 3,5
- 1,2, 4
- 1,4, 5
- 1, 2,3, 4,5
- Answer: c
- Which of the following has refined MaslowŐs theory of motivation by proposing a hierarchy of three needs?
- MeClelland
- Aldorfer
- Herzburg
- Vroom
- Answer: b
- Which segmentation approach is the most compatible with the spirit of the marketing concept?
- Benefit sought
- Income
- Social class
- Family size
- Answer: a
- The description of a productŐs quality, features, style, brand name and packaging identifiers the
- Actual product
- Augmented product
- Core product
- Tangible product
- Answer: a
- Consider the following statements and find out the correct alternative from the codes given below:
- A firmŐs marketing information system is a component of its marketing research system.
- The most common forms of marketing researches conducted in most of the firms are the measurement of market potential and the analysis of market share.
- Survey research is seldom used for studying consumer perception and attitudes.
- The concept of cognitive dissonance is relevant to study consumerŐs post-purchase behaviour.
- Codes:
- All the statements are true.
- All the statements are false.
- 1 is false and the rest are true.
- 2 and 4 are true and the rest are false.
- Answer: d
- In India, which pricing practice is not permissible?
- Penetrating pricing
- Skimming pricing
- Predatory pricing
- None of the above
- Answer: c
- Consider the following statements and find out the correct alternative from the codes given below:
- A good salesman is one who can sell refrigerator to an Eskimo.
- Salesmen are born, not made.
- Physical distribution is an area where high cost-savings is possible.
- Codes:
- 1 and 3 are correct.
- 1 and 2 are correct.
- 2 and 3 are correct.
- All are correct.
- Answer: a
- Which form of retail outlet has the highest operating costs?
- Super market
- Consumer co-operative store
- Department store
- Retail chain store
- Answer: c
- Consider the following statements and indicate the correct alternative from the codes given below:
- The product management system often turns out to be costly.
- When customers belong to different user groups with distinct buying preferences and practices, a market management organization is not suitable.
- Advertising department has the closest interface with the finance department of the company.
- Codes:
- 1 and 2 are correct.
- 2 and 3 are correct.
- Only 1 is correct.
- All are correct.
- Answer: c
- Match the statements in List-I with dividend models in List-II as follows:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Dividend Capitalisation Approach.
- Dividend Policy has a bearing on the share valuation.
- Stock Market places more weight on dividends than on retain earnings.
- Dividend pay-out is irrelevant to the value of the firm.
- Traditional Model
- Gardon Model
- Walter Model
- Modigliani and Miller Model
- A
- B
- C
- D
- 2
- 3
- 1
- 4
- 1
- 2
- 4
- 3
- 4
- 1
- 3
- 2
- 3
- 4
- 2
- 1
- Answer: a
- Venture capital financing at startng stage is generally not done through
- Debt instruments
- Deep discount bonds
- Equity shares
- Conditional loans
- Answer: b
- Match the statements in List-I with the types of lease in the List-II as follows:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Lessor transfer all risks and rewards of an asset to the lessee.
- Lessor transfers the assets to the lessee but bears the cost of maintenance
- The owner of the asset sells it to the lessor who in turn leases it back to the owner (now lessee)
- Lessor ownsâacquires the assets that are leased to a given lessee.
- Indirect lease
- Operating lease
- Finance lease
- Direct lease
- A
- B
- C
- D
- 2
- 3
- 4
- 1
- 1
- 4
- 2
- 3
- 3
- 2
- 1
- 4
- 4
- 1
- 3
- 2
- Answer: c
- Full details for the issue of ADRs by a company must be furnished within 30 days from the date of its closure to
- Securities and Exchange Commission (SEC)
- Reserve Bank of India (RBI)
- Securities and Exchange Board of India (SEBI)
- Company Law Board (CLB)
- Answer: b
- The degree to which the returns of the two securities change together, is reflected by
- Correlation
- Leverage
- Covariance
- Beta
- Answer: c
- The transfer by a company of one or more of its business divisions to another newly set up company is called
- Demerger
- Merger
- Equity Carve-out
- Disinvestment
- Answer: a
- What combination of the following factors influences the working capital requirement?
- Market Conditions
- Production Policy
- FirmŐs goodwill
- Supply conditions
- Codes:
- 1,2 and 3
- 2,3 and 4
- 1,3 and 4
- 1,2 and 4
- Answer: d
- Which of the followings are the modern methods of performance appraisal?
- 360 degree performance appraisal.
- Graphic rating scale.
- Management by Objectives (MBO) .
- Forced distribution method.
- Behaviourally Anchored Rating Scales (BARS) .
- 1,2, 3
- 2,4, 5
- 1,3, 5
- 4,2, 1
- Answer: c
- Which of the following principle serves as a warning to organisations not to take the selection and promotion process lightly?
- Promotion Principle
- Drucker Principle
- Validity Principle
- Peter Principle
- Answer: d
- According to D. Katz morale has four dimensions:
- Jobs satisfaction
- Satisfaction with wages and promotional opportunities.
- Identification with company.
- Pride in the work group.
- Top Management Support.
- Select the correct combination.
- 1,2, 3 and 4
- 1,2, 3 and 5
- 1,2, 4, and 5
- 1,3, 4 and 5
- Answer: a
- HRM is viewed as a management process, consisting of four functional activities:
- Acquisition
- Motivation
- Development
- Resolution of industrial disputes
- Maintenance
- Select the correct combination.
- 1,2, 3 and 4
- 1,2, 3 and 5
- 1,2, 4 and 5
- 1,3, 4 and 5
- Answer: b
- O C TA PA C stands for
- Order, Co-ordination, Trust, Authority, Personality and Cooperation.
- Openness, Confrontation, Trust, Authenticity, Pro-action and Collaboration.
- Organisation, Conflict, Team, Authority, People and Collaboration.
- Oneness, Compromise, Tress pass, Authority, Protection and Combination.
- Answer: b
- Technique of âTransaction Analysisâ was developed by
- Elton Mayo
- Peter Drucker
- Eric Berne
- Adam Smith
- Answer: c
- Which one of the following methods is not a demand forecasting method of Human Resource Planning?
- Managerial judgement
- Managerial grid
- Work study techniques
- Statistical techniques
- Answer: b
- Transaction of Internet Banking excludes
- Withdrawal of cash anywhere in India.
- Statement of account for a specific period.
- Transfer of funds from one account to another account.
- Balance enquiry.
- Answer: a
- Which among the following is not a category of Non-Performing Assets?
- Substandard Assets
- Doubtful Debts
- Loss Assets
- Devaluated Assets
- Answer: d
- When a loan will be NPA?
- Interest andâor loan instalments overdue for more than 90 days.
- Account is out of order for more than 90 days in case of overdraftâcash credit.
- Bill remains overdue for more than 90 days.
- All of the above:
- Answer: d
- Assertion (A) : âThe problem of rural credit is not primarily one of rural credit, it may be said to be one of rural minded credit.â
- Reason (R) : The Indian economy has yet to come out of rural mentality.
- Both A and R are correct.
- Both A and R are incorrect.
- A is correct, but R is incorrect.
- R is correct, but A is incorrect.
- Answer: c
- Match the items of List-I with the items of List-II and select the correct answer:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Debit card
- Credit card
- Electronic purse
- Cheque function
- Several storage
- Online recovery of amount
- Image processing use
- Revolving credit
- A
- B
- C
- D
- 3
- 1
- 4
- 2
- 1
- 2
- 4
- 3
- 4
- 3
- 1
- 2
- 4
- 3
- 2
- 1
- Answer: b
- Assertion (A) : The Indian economy could survive in the recent global recession due to its strong banking system.
- Reason (R) : The Indian economy contains a large amount of black money.
- Both A and R are correct and R is the explanation of (A) .
- Both A and R are correct, but R is not the correct explanation of (A) .
- R is correct, but A is not the appropriate assertion of (R) .
- Both A and R are incorrect.
- Answer: b
- Assertion (A) : Most of the development banks in India have setup private commercial banks after the introduction of capital adequacy norms.
- Reason (R) : Development banks in India have not adhered to their basic objectives.
- A and R both are correct, and R is correct explanation of (A) .
- A and R both are correct, but R is not a correct explanation of (A) .
- A is correct, but R is incorrect.
- R is correct, but A is incorrect.
- Answer: c
- Match the following items of List-I with List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers June-2013 Solved Paper III List-I List-II - Bretton woods conference
- General Agreement on Trade and Tariffs
- ACCRA conference
- United Nations Conference on Trade and Development
- 1947
- 1964
- 1944
- 2008
- A
- B
- C
- D
- 2
- 4
- 1
- 3
- 2
- 4
- 3
- 1
- 2
- 3
- 4
- 1
- 3
- 1
- 2
- 4
- Answer: a
- The forces that lend momentum to the process of globalization have been identified by Michael Porter include the following:
- Fluid global capital market.
- Technological restructuring.
- Decreasing religious command.
- Ethnic decontrol.
- New-global competitors.
- End of the âcold warâ in 1990s.
- Codes:
- 6,5, 4 and 3
- 6,3, 2 and 1
- 6,5, 2 and 1
- 4,3, 2 and 1
- Answer: c
- Statement A. Green Box subsidies include amount spent on Government services such as research, disease control, infrastructure and food security. Statement B. Blue Box subsidies are certain direct payments made to farmers, to limit production, and are certain government assistance programmes to encourage agriculture and rural development. Codes:
- Statement A is correct, but B is not correct.
- Statement B is correct, but A is not correct.
- Both statements A and B are correct.
- Both statements A and B are incorrect.
- Answer: c
- Assertion (A) : The major economic powers have succeeded in creating a new international regime where the profits and the dominance of their transnational corporations will be the decisive consideration.
- Reason (R) : This regime will legitimise the process of progressive erosion of the sovereign economic space of the third-world countries.
- Both A and R are correct, and R is the right explanation of (A) .
- Both A and R are correct, but R is not the right explanation of (A) .
- Both A and R are incorrect.
- R is correct, but A is not correct.
- Answer: b
- Assertion (A) : The Balance of Payments presents a classified record of all receipts on account of goods exported, services rendered and capital received byŐresidents and payments made by them on account of goods imported and services received from capital transferred to non-residents or âforeignersâ
- Reason (R) : The Balance of Payments of a country is a systematic record of all economic transactions between theŐresidents of a country and the rest of the world.
- Both A and R are correct and R is the right explanation of (A) .
- Both A and R are correct, but R is not the right explanation of (A) .
- R is correct, but A is not correct.
- Both A and R are incorrect.
- Answer: a
- Which among the following is not rightly explained?
- M1 = Currency with the public + demand deposits of the public.
- M2 = M1 + Post Office Savings Deposits.
- M3 = M1 + Time Deposits of the public with Banks.
- M4 = M3 + Total Post Office Deposits.
- M1 = Narrow money
- M3 = Broad money
- Only 5 and 6
- Only 1 and 3
- Only 6
- None of the above
- Answer: d
- Which of the followings are not effects of dumping on importing country?
- Domestic industry might be affected adversely by a decline in sales and profits.
- If dumping is continued for a longer period, survival of the domestic industry may be threatened.
- Dumping may create BOP problems for the country.
- It finds market for its surplus production.
- Codes:
- 1,2, 3 and 4
- 2,3 and 4
- 3 and 4
- Only 4
- Answer: d
- Donation to National ChildrenŐs Fund will come in which of the following deduction under Sec. 80G of Income Tax Act, 1961.
- 100 percent deduction without any qualifying limit.
- 50 percent deduction without any qualifying limit.
- 100 percent deduction subject to qualifying limit.
- 50 percent deduction subject to qualifying limit.
- Answer: b
- If the taxable income of a domestic company for the Assessment Year 2011 â 12 is âš 9,00, 000, its tax liability will be
- âš 2,76, 800
- âš 2,78, 100
- âš 3,70, 800
- âš 3,70, 880
- Answer: b
- Unabsorbed depreciation which could not be setoff in the same assessment year, can be carried forward up to
- 4 years
- 8 years
- 10 years
- Indefinite period
- Answer: d
- If the book profits of a partnership firm is âš 1,10, 000, the remuneration admissible to working partners under Sec. 40 2 of the Income Tax Act, 1961 is
- âš 1,10, 000
- âš 1,50, 000
- âš 99,000
- None of the above
- Answer: b
- Which of the following expenses is inadmissible while computing income from other sources?
- Interest paid on amounts borrowed to meet tax liabilities.
- Collection charges paid to the banker or any other person to collect interestâdividend.
- Interest on loan taken to invest in securities.
- Depreciation on let-out machinery and plant.
- Under the provisions of the Industries (Development and Regulation) Act, 1951, a licence is necessary for
- Answer: a