cbsenet.nic.in Commerce Paper II Model Question : Central Board Of Secondary Education

Organisation : Central Board Of Secondary Education
Exam : National Eligibility Test (NET)
Document Type : Model/Previous Question Paper
Subject : Commerce
Date/Year : 10.07.2016 & 28.08.2016

Website : http://cbsenet.nic.in/cbsenet/QuestionPaperJuly2016.aspx
Download Sample Question Paper :
Commerce Paper 2 10.07.2016 : https://www.pdfquestion.in/uploads/10435-Commerce.pdf
Commerce Paper 2 28.08.2016 : https://www.pdfquestion.in/uploads/10435-Commerce28.pdf

Commerce Model Question Paper :

Time : 1 1/4 hours
Maximum Marks : 100
Note :
** This paper contains fifty (50) objective type questions of two (2) marks each.
** All questions are compulsory.

Related : Central Board Of Secondary Education NET NET Anthropology Paper II Model Question : www.pdfquestion.in/10430.html

1. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code from the alternatives given :
Assertion (A) : Liberalization means corporatisation of departmental undertakings and public undertakings.
Reasoning (R) : Freedom to public sector undertakings to access capital market.
Codes :
(1) Both (A) and (R) are true and (R) is correct explanation of (A).
(2) Both (A) and (R) are true but (R) is not a correct explanation of (A).
(3) (A) is true but (R) is false.
(4) (A) is false but (R) is true.

2. Match the items of List – I with List – II and indicate the correct code :
List – I List – II
a. Fiscal Policy i. Mitigation of National hazards
b. Technology Policy ii. Balance of Payment
c. Macro-Economic Policy iii. Fiscal Federalism
d. Monetary Policy iv. Inflation
Codes :
a b c d
(1) i ii iii iv
(2) iii i ii iv
(3) iv iii i ii
(4) ii i iv iii

3. Which of the following factor is not directly responsible for slowing down the growth of infrastructure ?
(1) High level of perceived political risk.
(2) High level of sunk cost.
(3) High probability of time and cost over-run.
(4) Introduction of competition in all sectors.

4. Out of the following which is not a major component of Gross Domestic Product (GDP) ?
(1) Personal Consumption Expenditure
(2) Gross Private Domestic Investment
(3) Net Personal Income
(4) Net Exports

5. Which of the following is not a forum of Consumer Dispute Redressal System ?
(1) Local forum (2) District forum
(3) State Forum (State Commission) (4) National Commission

6. X Ltd. purchased 70 percent of the shares of Y Ltd. at a price of ` 1,00,000. Share capital of Y Ltd. was of ` 70,000 and its accumulated profits amounted to ` 90,000. What would be the amount of Minority Interest in the consolidated Balance Sheet ?
(1) ` 25,000 (2) ` 70,000
(3) ` 1,00,000 (4) ` 40,000

7. Match the items in Column – I with the items in Column – II and indicate the correct code :
Column – I Column – II
a. Debt-Equity Ratio
i. Net Profit before interest and tax Interest on long term loans
b. Proprietary Ratio
ii. Equity share capital + Reserves Preference share capital + Interest bearing finance
c. Interest coverage ratio
iii. Long term debts Shareholder’s Funds
d. Capital gearing ratio iv. Shareholder’s Funds Total Assets
Codes :
a b c d
(1) i ii iii iv
(2) iii iv i ii
(3) iii iv ii i
(4) ii iii iv i

8. Ram and Shyam are partners in a firm with capital of ` 4,80,000 and ` 3,10,000, respectively. They admitted Ganesh as a partner with 14 th share of profit. Ganesh brings ` 3,00,000 as his capital. Ganesh’s share of goodwill will be
(1) ` 1,10,000 (2) ` 27,500
(3) ` 17,500 (4) ` 70,000

9. Which of the following is a deferred revenue expenditure ?
(1) Legal expenses incurred on the purchase of land.
(2) Expenses on a mega advertisement campaign while launching a new product.
(3) Expenses incurred on installation of a new machine.
(4) Wages paid for construction of an additional room in the building.

10. The amount of depreciation charged to Profit and Loss Account varies every year under :
(1) Fixed instalment method (2) Annuity method
(3) Diminishing balance method (4) Insurance policy method

11. Ordinal utility analysis of the consumer’s behaviour is considered superior to the cardinal utility analysis mainly due to
(1) assumption of the rationality of the consumer’s behaviour.
(2) possibility of the derivation of the consumer’s demand.
(3) bifurcation of price effects into income and substitution effects.
(4) consideration of the available limited resources for satisfying consumer’s demand.

12. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code :
Assertion (A) : Price reduction normally leads to an increase in the demand for a commodity.
Reason (R) : Price reduction leads to the entry of new buyers of the commodity in the market
Codes :
(1) (A) is correct but (R) is not correct.
(2) (A) is not correct but (R) is correct.
(3) Both (A) and (R) are correct and (R) offers full explanation of (A).
(4) Both (A) and (R) are correct but (R) does not offer full explanation of (A).

13. The minimum Long Run Average Cost (LAC) can be determined on a
I. LAC curve for a normal production function
II. LAC curve for a linear production function
III. Planning curve
IV. Envelope curve
Codes :
(1) I II III
(2) II III IV
(3) I III IV
(4) I II IV

14. Monopoly is not considered desirable from the point of view of the society mainly because the monopolist endeavours to
(1) earn net revenue on sale of all goods including those involving no cost of production.
(2) earn net revenue on sale of goods in short run as well as long run.
(3) charge different prices for the same product from the different categories of buyers.
(4) produce below economic capacity level when he exhibits satisfaction with normal profit only.

15. Product-line pricing strategy includes which combination of the following ?
I. Public utility pricing
II. Complementary goods pricing
III. Spare parts pricing
IV. Load factor pricing
Codes :
(1) I II III
(2) II III IV
(3) I II IV
(4) I III IV

16. When the data are classified only on the basis of descriptive characteristics which cannot be quantified is known as
(1) Geographical classification (2) Chronological classification
(3) Qualitative classification (4) Quantitative classification

17. Which one of the following is a false description ?
(1) In a moderately asymmetrical distribution, the empirical relationship between Mean,Mode and Median suggested by Karl Pearson is Mean – Mode = 3 (Mean – Median)
(2) Coefficient of variation is an absolute measure of dispersion.
(3) Measure of skewness indicates the direction and extent of skewness in the distribution of numerical values in the data set.
(4) Kurtosis refers to the degree of flatness or peakedness in the region around the mode of a frequency curve.

19. Statement – I : When the null hypothesis is true but as per the hypothesis-testing, it is rejected, it is known as beta type error in hypothesis testing.
Statement – II : Chi-square test is exclusively a non-parametric test.
Codes :
(1) Both the statements are true.
(2) Both the statements are false.
(3) Statement – I is true while Statement – II is false.
(4) Statement – I is false while Statement – II is true.

20. Computers that recognize data as discrete signals are called ?
(1) Analog computers (2) Digital computers
(3) Hybrid computers (4) Super computers