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 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. 1. 2. 3. (i) (ii) (iii) 4.,, 5. 6. 7. 8. 9. 10. 11. 12. C A B D
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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 initial cash outlay of a project is ` 2,00,000 and it can generate 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 discount. Calculate the net present value of cash inflow. Time value of money of ` 1 @ 10% discount factor : Year DF Value 1.909 2.826 3.751 4.683 1.1240 1.1235 1.335 1.634 1. ` 2 ` 80,000, ` 60,000, ` 1,00,000 ` 40,000 2013, 2014, 2015 2016 10% 1 10% DF 1.909 2.826 3.751 4.683 1.1240 1.1235 1.335 1.634 3 [P.T.O.
2. Which of the following items is not 2. considered while determining the working capital? Inventory Trade Receivables Cash at bank Software 3. Which of the following is Dividend Policy Model? Gordon s model Schumpeter model Ricardian model Miles-Ezzell s model 4. The concept of cost of capital can also be explained in terms of.... Direct cost Fixed cost Total cost Opportunity cost 3. 4. 4
5. Which is not the example of current 5. liabilities? Advance from customers Contingent liabilities Bank overdraft Provident fund dues 6. Which one of the following is not a 6. labour legislation? Factories Act Competition Act Payment of Wages Act Industrial Disputes Act 7. Theory Y was developed by.... 7. Fiedler Vroom McGregor Herzberg 5 [P.T.O.
8. Induction is a function of... in 8. Human Resource Management. Performance Appraisal Selection Placement Recruitment 9. Which of the following does not directly affect wage and salary 9. (wages) (salary) structures? Ability to pay Labour supply and demand Union demands Regional backwardness 10. Employee welfare does not exactly depend on : 10. Conditions of Work Environment Employees Health Services Employees Education Organisational Culture 6
11. The lending rates of commercial 11. banks are usually : Not affected by Bank rate Not related to Bank rate Lower than Bank rate Higher than Bank rate 12. Banks which operate through single 12. office and generally confined to limited area of town or city are called : Central Banks Urban Banks Unit Banks Metro Banks 7 [P.T.O.
13. When money is lent or borrowed for 13. one day or on overnight basis it is known as : Term Money Call Money Notice Money Near Money 14. Who was the first Indian Governor 14. of RBI? C. D. Deshmukh Bengal Rama Rau R. K. Shanmukham Chetty K. G. Ambegaonkar 15. Along with Central and State Governments the paid up capital of RRB is shared by : 15. (RRBs) RBI Sponsoring Bank NABARD SBI 8
16. GATT which was replaced by WTO was : An organisation An agreement A policy A conference 17. Which of the following is not the item of current account of balance of payment? Import of services Interest payments Export of goods External borrowings 16. 17. (WTO) (BOP) 18. India s share in global merchandise 18. 2015 trade in 2015 was : 2.00% 2.50% 3.00% 1.60% 2.00% 2.50% 3.00% 1.60% 9 [P.T.O.
19. The Asian Development Bank (ADB) 19. 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 20. The direction of Indian exports has 20. shifted in recent period towards : Asia North America Europe Africa 10
21. Which of the Government s policy in 21. respect of public expenditure and revenue has a significant impact on business? Monetary policy Fiscal policy Trade policy Foreign exchange policy 22. SEZ stands for.... Special European Zone Special Export Zone Special Environmental Zone Special Economic Zone 23. Which one of the following is not a 22. SEZ 23. level of strategies applicable to multiunit business? Corporate strategy SBU level strategy Functional level strategy Divisional level strategy 11 [P.T.O.
24. Which one of the following is not a 24. powerful environmental force the business is confronted with? Consumer movement Environmentalism Changing environment competitive Increasing population 25. MSMEs contribute about... 25. of India s GDP. 8% 19% 35% 8% 19% 35% 40% 40% 12
26. As per which accounting convention 26. 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 27. A company paid ` 50,000 for a 27. ` 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 13 [P.T.O.
28. Long term solvency is indicated 28. by.... Current Ratio Debt/Equity Ratio Net Profit Ratio Turnover Ratio 29. Which of the following is not an 29. 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 14
30. The difference between standard 30. 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 31. In normal conditions, the demand 31. 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 15 [P.T.O.
32. If the demand for a product responds 32. more than proportionate to the change in its price, it is a : Perfectly inelastic demand Perfectly elastic demand Unitary elastic demand Highly elastic demand 33. Which of the following is not 33. a feature of monopolistic competition? Homogenous product Large number of sellers Selling costs Product differentiation 16
34. The law of variable proportions of 34. production is applicable in : Long period Market period Short period Very long period 35. With increasing level of output the 35. Average Variable Cost (AVC) of a firm : Initially falls, then continues to rise Remain unchanged Goes on continuously falling Goes on continuously rising (AVC) 36. Why is random sampling preferred? 36. It is easy to draw The results will be statistically valid It is a popular method It is free from errors 17 [P.T.O.
37. Which of the following is not an 37. absolute measure of dispersion? Range Standard deviation Mean deviation Coefficient of variation 38. The empirical formula used to know 38. mode is.... Mean 2 Median 2 Mean 3 Median 3 Median 2 Mean 3 Median + 2 Mean 39. Which of the following is a 2 2 3 3 2 3 + 2 39. (Parameter) parameter? Sample mean Population mean Size of sample Size of population 18
40. Suppose an unbiased coin is tossed. Event A : Getting head. Event B : Getting tail. Which of the following statements is true? 40. A : B : 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 41. Tactic is a component of.... Planning Organising Directing Co-ordinating 41. 19 [P.T.O.
42. The concept of committee comes 42. within the scope of.... Directing Organising Controlling Planning 43. Which one of the following is not 43. Fayol s principle of management? Unity of Command Unity of Direction Authority and Responsibility Management by Exception 44. Find the odd one out : 44. The components of planning are : Objective Procedure Decentralisation of authority Budget 20
45. Motivation is a part of.... 45. Communication Direction Organization Plan 46. Which of the following statements 46. 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 21 [P.T.O.
47. Product-oriented concept believes 47. that... is the key to success. Offer of better and modified products Fulfilling expectations of customers Focussing on drawbacks of competing products Manufacturing products on large scale 48. Product Life Cycle (PLC) includes 48. mainly four stages such as Introduction, Growth, Maturity and.... Prosperity Decline Depression Inflation 22
49. In the buying decision process, 49.... is the first step. Information search Purchase decision Evaluation of alternatives Need recognition 50. Relationship marketing refers to 50. maintaining relations with... to achieve the marketing purpose. Employees Dealers Customers Suppliers 23 [P.T.O.
ROUGH WORK 24