cbsenet.nic.in NET Commerce Paper III 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 :
Paper III 10.07.2016 : https://www.pdfquestion.in/uploads/10648-Commerce.pdf
Paper III 28.08.2016 : https://www.pdfquestion.in/uploads/10648-Commerce28.pdf
Commerce Model Question Paper :
Note :
** This paper contains seventy five (75) objective type questions of two (2) marks each.
** All questions are compulsory.
Related : Central Board Of Secondary Education NET Anthropology Paper III Model Question : www.pdfquestion.in/10641.html
1. Read the following and select the right code :
Statement – I : A custom to be valid should be proved to be immemorial but may not be ancient.
Statement – II : The principle of judicial decision which is only authoritative is known as ‘ratio decidendi’.
(1) Both the statements are true.
(2) Both the statements are false.
(3) Statement – I is true but Statement – II is false.
(4) Statement – II is true but Statement – I is false.
2. To become a director in a company the person must obtain
(1) Business Licence
(2) Director’s Licence
(3) TIN
(4) DIN
3. Which of following is not a “Maharatna” industry in India ?
(1) CIL
(2) SAIL
(3) OIL
(4) GAIL
4. Match the items of Column – I with those of Column – II :
Column – I Column – II
a. Exchange control i. Adverse BOP
b. Price control ii. Domestic firms
c. Import control iii. Mass consumption product
d. Legislative control iv. Industrial location
Codes :
a b c d
(1) ii i iii iv
(2) iv ii iii i
(3) iii ii i iv
(4) ii iii i iv
5. Match the items of List – I with those of List – II and choose the correct code :
List – I List – II
a. Provision for taxation i. Current Assets
b. Live-stock ii. Unsecured loans
c. Sundry Debtors iii. Fixed Assets
d. Interest accrued on unsecured loans iv. Provisions
Codes :
a b c d
(1) iv iii i ii
(2) iv iii ii i
(3) iii iv ii i
(4) ii i iii iv
6. A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. They agreed to take D into partnership and gave him 18 share. What will be their new profit sharing ratio ?
(1) 4 : 3 : 2 : 1
(2) 28 : 21 : 14 : 9
(3) 28 : 21 : 14 : 8
(4) 4 : 1 : 2 : 1
7. From the following information, find out the number of units that must be sold by the firm to earn profit of ` 80,000 per year. Sales price : ` 25 per unit,Variable manufacturing costs – ` 12 per unit,Variable selling costs – ` 3 per unit,Fixed factory overheads – ` 5,00,000,Fixed selling costs – ` 3,00,000
(1) 60,000 units
(2) 88,000 units
(3) 98,000 units
(4) 1,00,000 units
8. Which of the following is not a cash inflow ?
(1) Decrease in creditors
(2) Decrease in debtors
(3) Issue of shares
(4) Sale of a fixed asset
9. Match the items of List – I with those of List – II and indicate the correct code from the following :
List – I List – II
a. Postage stamp pricing i. Equality of marginal and average cost
b. Loss leader ii. Constant average and marginal cost
c. Economic capacity iii. Product line pricing
d. Reserve capacity iv. Differential pricing
Codes :
a b c d
(1) iii iv ii i
(2) iv iii i ii
(3) ii i iii iv
(4) i ii iv iii
10. For the following two statements of Assertion (A) and Reasoning (R) indicate the correct
code :
Assertion (A) : Low initial pricing for new products is regarded as the principal instrument for entering into mass markets.
Reasoning (R) : Firms generally go for production of new products with excess capacity initially.
Codes :
(1) Assertion (A) and Reasoning (R) both are correct but (R) does not offer full explanation for (A).
(2) Assertion (A) and Reasoning (R) both are wrong.
(3) Assertion (A) is correct but Reasoning (R) is wrong.
(4) Assertion (A) and Reasoning (R) both are correct and (R) offers full explanation for (A).
11. For the following two statements of Assertion (A) and Reasoning (R) indicate the correct
code :
Assertion (A) : Gossen’s first law of consumption is invariably applicable in case of
individuals’ consumption behaviour.
Reasoning (R) : It serves as an important determinant of demand for the goods and services in the market.
Codes :
(1) Assertion (A) and Reasoning (R) both are correct.
(2) Assertion (A) and Reasoning (R) both are incorrect.
(3) Assertion (A) is correct but Reasoning (R) is incorrect.
(4) Assertion (A) is incorrect but Reasoning (R) is correct.
12. Production function for a product is based on certain assumptions. Indicate the correct code from the following :
(a) Complementarity
(b) Substitutability
(c) Product elasticity
(d) Specificity
Codes :
(1) (a) (b) (c)
(2) (b) (c) (d)
(3) (a) (c) (d)
(4) (a) (b) (d)
13. Which one of the following is not the characteristic of normal distribution ?
(1) Mean, median and mode for the normal distribution are equal.
(2) The two tails of the normal curve extend to infinity in both directions but never touch the horizontal axis.
(3) For different values of standard deviation, the height of the mean ordinate remains the same.
(4) The number of independent constraints of normal distribution are N, –X and s.
15. Read the following statements and choose the correct code :
Statement – I : Non-parametric tests are based on some assumptions about the parent population from which the sample has been drawn.
Statement – II : The standard deviation of the sampling distribution of mean is called standard error of mean.
Codes :
(1) Both statements are true.
(2) Both statements are false.
(3) Statement – I is true while Statement – II is false.
(4) Statement – I is false while Statement – II is true.