Test Booklet Code & Serial No. Paper-II COMMERCE

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1 Signature and Name of Invigilator 1. (Signature)... (Name) (Signature)... (Name)... JAN Paper-II COMMERCE Seat No. (In figures as in Admit Card) Seat No.... (In words) OMR Sheet No. (To be filled by the Candidate) Time Allowed : 1¼ Hours] [Maximum Marks : 100 Number of Pages in this Booklet : 24 Number of Questions in this Booklet : 50 Instructions for the Candidates 1. Write your Seat No. and OMR Sheet No. in the space provided on the top of this page. 2. This paper consists of 50 objective type questions. Each question will carry two marks. All questions of Paper-II will be compulsory, covering entire syllabus (including all electives, without options). 3. At the commencement of examination, the question booklet will be given to the student. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as follows : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal or open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to missing pages/ questions or questions repeated or not in serial order or any other discrepancy should not be accepted and correct booklet should be obtained from the invigilator within the period of 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given. The same may please be noted. (iii) After this verification is over, the OMR Sheet Number should be entered on this Test Booklet. 4. Each question has four alternative responses marked,, and. You have to darken the circle as indicated below on the correct response against each item. Example : where is the correct response. A B D 5. Your responses to the items are to be indicated in the OMR Sheet given inside the Booklet only. If you mark at any place other than in the circle in the OMR Sheet, it will not be evaluated. 6. Read instructions given inside carefully. 7. Rough Work is to be done at the end of this booklet. 8. If you write your Name, Seat Number, Phone Number or put any mark on any part of the OMR Sheet, except for the space allotted for the relevant entries, which may disclose your identity, or use abusive language or employ any other unfair means, you will render yourself liable to disqualification. 9. You have to return original OMR Sheet to the invigilator at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. You are, however, allowed to carry the Test Booklet and duplicate copy of OMR Sheet on conclusion of examination. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table, etc., is prohibited. 12. There is no negative marking for incorrect answers. Test Booklet Code & Serial No (i) (ii) (iii) 4.,, D A B D

2 2

Commerce Paper II Time Allowed : 75 Minutes] [Maximum Marks : 100

Each question carrying Two (2) marks. Attempt All questions.

banks are usually : Not affected by Bank rate Not related to Bank

3 Commerce Paper II Time Allowed : 75 Minutes] [Maximum Marks : 100 Note : This paper contains Fifty (50) multiple choice questions. Each question carrying Two (2) marks. Attempt All questions. (50) (2) II 1. The lending rates of commercial 1. banks are usually : Not affected by Bank rate Not related to Bank rate Lower than Bank rate Higher than Bank rate 2. Banks which operate through single 2. office and generally confined to limited area of town or city are called : Central Banks Urban Banks Unit Banks Metro Banks 3 [P.T.O.

3. When money is lent or borrowed for 3.

Term Money Call Money Notice Money Near Money 4.

Along with Central and State Governments the

4 3. When money is lent or borrowed for 3. one day or on overnight basis it is known as : Term Money Call Money Notice Money Near Money 4. Who was the first Indian Governor of RBI? 4. C. D. Deshmukh Bengal Rama Rau R. K. Shanmukham Chetty K. G. Ambegaonkar 5. Along with Central and State Governments the paid up capital of RRB is shared by : 5. (RRBs) RBI Sponsoring Bank NABARD SBI 4

6. GATT which was replaced by WTO was : An organisation An

Import of services Interest payments Export of goods External

5 6. GATT which was replaced by WTO was : An organisation An agreement A policy A conference 7. Which of the following is not the (WTO) item of current account of balance (BOP) of payment? Import of services Interest payments Export of goods External borrowings 8. India s share in global merchandise trade in 2015 was : 2.00% 2.50% 3.00% 1.60% 2.00% 2.50% 3.00% 1.60% 5 [P.T.O.

6 9. The Asian Development Bank (ADB) 9. attempts to promote economic co-operation and growth of the (ADB) countries in : Asia and Far East South East Asia South and West Asia South and Central Asia 10. The direction of Indian exports has 10. shifted in recent period towards : Asia North America Europe Africa 6

7 11. Which of the Government s policy in 11. respect of public expenditure and revenue has a significant impact on business? Monetary policy Fiscal policy Trade policy Foreign exchange policy 12. SEZ stands for.... Special European Zone Special Export Zone Special Environmental Zone Special Economic Zone 13. Which one of the following is not a 12. SEZ 13. level of strategies applicable to multiunit business? Corporate strategy SBU level strategy Functional level strategy Divisional level strategy 7 [P.T.O.

Consumer movement Environmentalism Changing competitive environment

8 14. Which one of the following is not a 14. powerful environmental force the business is confronted with? Consumer movement Environmentalism Changing competitive environment Increasing population 15. MSMEs contribute about of India s GDP. 8% 19% 35% 8% 19% 35% 40% 40% 8

16. As per which accounting convention 16.

The process of writing off this cost over a

9 16. As per which accounting convention 16. contingent liability is shown by way of a footnote below the Balance Sheet? Convention of conservatism Convention of full disclosure Convention of materiality Convention of consistency 17. A company paid ` 50,000 for a 17. ` 50,000 purchase of copyright for five years. The process of writing off this cost over a period of five years is called.... Depreciation Amortization Deferred Revenue Expenditure Depletion 9 [P.T.O.

Which of the following is not an 19. assumption of Break-Even Analysis?

10 18. Long term solvency is indicated 18. by.... Current Ratio Debt/Equity Ratio Net Profit Ratio Turnover Ratio 19. Which of the following is not an 19. assumption of Break-Even Analysis? Total fixed cost does not change Total variable cost does not change General price level does not change Product mix does not change 10

11 20. The difference between standard 20. cost of standard hours and standard cost of actual hours is called as.... Labour rate variance Labour cost variance Labour efficiency variance Labour mix variance 21. In normal conditions, the demand 21. curve for a commodity : slopes upwards from left to right slopes downwards from left to right is horizontal, parallel to X-axis is vertical, parallel to Y-axis 11 [P.T.O.

22. If the demand for a product responds 22.

price, it is a : Perfectly inelastic demand

12 22. If the demand for a product responds 22. more than proportionate to the change in its price, it is a : Perfectly inelastic demand Perfectly elastic demand Unitary elastic demand Highly elastic demand 23. Which of the following is not 23. a feature of monopolistic competition? Homogenous product Large number of sellers Selling costs Product differentiation 12

24. The law of variable proportions of 24.

Average Variable Cost (AVC) of a firm : Initially falls, then

falling Goes on continuously rising (AVC) 26.

13 24. The law of variable proportions of 24. production is applicable in : Long period Market period Short period Very long period 25. With increasing level of output the 25. Average Variable Cost (AVC) of a firm : Initially falls, then continues to rise Remain unchanged Goes on continuously falling Goes on continuously rising (AVC) 26. Why is random sampling preferred? 26. It is easy to draw The results will be statistically valid It is a popular method It is free from errors 13 [P.T.O.

14 27. Which of the following is not an 27. absolute measure of dispersion? Range Standard deviation Mean deviation Coefficient of variation 28. The empirical formula used to know 28. mode is.... Mean 2 Median 2 Mean 3 Median 3 Median 2 Mean 3 Median + 2 Mean 29. Which of the following is a (Parameter) parameter? Sample mean Population mean Size of sample Size of population 14

15 30. Suppose an unbiased coin is tossed. 30. Event A : Getting head. Event B : Getting tail. Which of the following statements A : B : is true? The events A and B are independent The events A and B are mutually exclusive The events A and B are independent and mutually exclusive The events A and B are neither independent nor mutually exclusive 31. Tactic is a component of Planning Organising Directing Co-ordinating 15 [P.T.O.

16 32. The concept of committee comes 32. within the scope of.... Directing Organising Controlling Planning 33. Which one of the following is not 33. Fayol s principle of management? Unity of Command Unity of Direction Authority and Responsibility Management by Exception 34. Find the odd one out : 34. The components of planning are : Objective Procedure Decentralisation of authority Budget 16

17 35. Motivation is a part of Communication Direction Organization Plan 36. Which of the following statements 36. is true? Marketing and selling are interchangeable terms Marketing and selling are not inter-changeable terms Selling is a broader term which includes marketing Advertising includes selling and marketing 17 [P.T.O.

18 37. Product-oriented concept believes that... is the key to success. 37. Offer of better and modified products Fulfilling expectations of customers Focussing on drawbacks of competing products Manufacturing products on large scale 38. Product Life Cycle (PLC) includes 38. mainly four stages such as Introduction, Growth, Maturity and.... Prosperity Decline Depression Inflation 18

19 39. In the buying decision process, is the first step. Information search Purchase decision Evaluation of alternatives Need recognition 40. Relationship marketing refers to 40. maintaining relations with... to achieve the marketing purpose. Employees Dealers Customers Suppliers 19 [P.T.O.

20 41. The initial cash outlay of a project 41. is ` 2,00,000 and it can generate ` 2 cash inflow of ` 80,000, ` 60,000, ` 1,00,000 and ` 40,000 in the year 2013, 2014, 2015 and 2016 respectively. Assume 10% rate of ` 80,000, ` 60,000, ` 1,00,000 ` 40, , 2014, % discount. Calculate the net present value of cash inflow. Time value of money of ` 10% discount factor : 10% 1 DF Year DF Value

21 42. Which of the following items is not 42. considered while determining the working capital? Inventory Trade Receivables Cash at bank Software 43. Which of the following is Dividend 43. Policy Model? Gordon s model Schumpeter model Ricardian model Miles-Ezzell s model 44. The concept of cost of capital can also 44. be explained in terms of.... Direct cost Fixed cost Total cost Opportunity cost 21 [P.T.O.

22 45. Which is not the example of current 45. liabilities? Advance from customers Contingent liabilities Bank overdraft Provident fund dues 46. Which one of the following is not a 46. labour legislation? Factories Act Competition Act Payment of Wages Act Industrial Disputes Act 47. Theory Y was developed by Fiedler Vroom McGregor Herzberg 22

23 48. Induction is a function of... in 48. Human Resource Management. Performance Appraisal Selection Placement Recruitment 49. Which of the following does not directly affect wage and salary 49. (wages) (salary) structures? Ability to pay Labour supply and demand Union demands Regional backwardness 50. Employee welfare does not exactly 50. depend on : Conditions of Work Environment Employees Health Services Employees Education Organisational Culture 23 [P.T.O.

24 ROUGH WORK 24

Test Booklet Code & Serial No. Paper-II COMMERCE

Test Booklet Code & Serial No. Paper-II COMMERCE Signature and Name of Invigilator 1. (Signature)... (Name)... 2. (Signature)... (Name)... JAN - 50218 Paper-II COMMERCE Seat No. (In figures as in Admit Card) Seat No.... (In words) OMR Sheet No. (To be