UGC NET Mock Test Commerce 2022 [Free] | UGC NET Commerce Mock Test in English

Practice UGC NET Mock Test of Commerce for Free only On www.examflame.com and take your preparation to the another levelThese Questions are prepared as per the Latest Syllabus of UGC NET Commerce 2022 . Practicing mock tests/Test series, you will get an idea about how and which type of Question will ask in the Examination. It also boost your confidence level. Also Solve UGC NET Commerce Previous Year Question Paper. And Don’t Forget to Shore with Your Friends.

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UGC NET Mock Test Commerce 2022 [Free]


Q1. GDP at factor cost is
(A) P (Q) + P (S)               (B) GDP- IT- S
(C) GDP + DT +S             (D) GDP- DT + S

Q2. Which one is not the main objective of fiscal policy of India?
(A) To increase liquidity in the economy. 
(B) To promote price stability
(C) To minimize the inequalities of income and wealth
(D) To promote employment opportunities.

Q3. Which one is not an element of internal environment?
(A) Marketing capability                (B) Operational capability
(C) Money and Capital market       (D) Personnel capability

Q4. Out of the following, which four benefits are available to hosts countries from MNC’s?

i. Transfer of technology
ii. Learning of business mannerism
iii. Strategic information sharing
iv. Creation of jobs
v. Entertainment
vi. Better utilisation of resources
vii. Enhancing social contacts.
viii. Improved competition in local economy

(A) i, iii, v, vii          (B) ii, iv, vi, viii
(C) i, iv, vi, viii        (D) iii, vi, vii, viii

Q5. Environmental degradation does not consist of
(A) Land degradation and soil erosion
(B) Problem of overgrazing and ecological degradation
(C) Floods            (D) None of the above

Q6. Which one of the following concepts is used as fund in the preparation of Funds Flow Statement?
(A) Current Assets      (B) Working Capital
(C) Cash                      (D) All Financial Resources

Q7. Window dressing is prohibited due to
(A) Conservation Convention       (B) Convention of Disclosure
(C) Convention of Materiality      (D) Arrear of book accounts

Q8. Assertion (A): Ratio analysis is one the tools employed to know the financial health of a concern.

Reason (R): Ratio analysis is not the only technique available to take investment decision. 

Codes:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A).
(B) Both (A) and (R) are true, but (R) is incorrect explanation of (A).
(C) (A) is true, but (R) is false
(D) (A) is false, but (R) is true.

Q9. Which of the following relate to measures of non-financial performance of a concern?

i. Customer satisfaction
ii. Business process improvement
iii. Learning organisation

Choose the right combination.

(A) i, iii, ii, iv         (B) ii, iv, iii
(C) iv, i, iii             (D) i, ii, iv

Q10. Consider the following parties:

i. Secured creditors
ii. Unsecured creditors

iii. Partners who have granted loans
iv. Partners who have contributed over and above profit sharing ratio

Arrange them in correct sequence in the event of the dissolution of a firm.

(A) ii, i, iii, iv       (B) i, ii, iii, iv
(C) i, ii, iv, iii       (D) ii, i, iv, iii

Q11. Which kind of economics explains the phenomenon of cause and effect relationship?
(A) Normative        (B) Positive
(C) Micro               (D) Macro

Q12. Assertion (A): Marginal cost and differential cost do not convey the same meaning in all the circumstances.

Reason (R): Differential cost increases or decreases due to change in fixed cost.

Codes:
(A) (A) is true but (R) is false
(B) (A) is false but (R) is true
(C) (A) and (R) are correct and (R) is correct explanation of (A).
(D) Both (A) and (R) are correct, but (R) is not the correct explanation of (A).

Q13. Consider the following:

i. Pricing objectives
ii. Pricing methods
iii. Pricing strategies
iv. Pricing decisions

Arrange them in correct sequences:

(A) i, iii, ii, iv   (B) i, iv, iii, ii
(C) ii, i, iv, iii    (D) iv, ii, iii, i

Q14. A commodity is used for multiple purposes, and then the demand for it is known as
(A) Joint Demand          (B) Composite Demand
(C) Direct Demand        (D) Autonomous Demand

Q15. Match List-I with List-II and select the correct answer.

        List-I                                                List-II
1. Administered price              a. Landed cost of imports
2. Parity pricing                       b. Liberalized economy
3. Competitive price                c. Public enterprises
4. Discriminating price            d. Fixed by Government

Codes:
        a   b   c   d
(A)  1   2   3   4
(B)  2   3   4   1
(C)  3   4   2   1
(D)  4   2   1   3

Q16. Sample design involves the following:

i. Sampling unit
ii. Size of samples
iii.Type of universe
iv. Sampling procedure

Which one of the following sequences is correct?
(A) i, ii, iii, iv, v        (B) iii, iv, i, ii, iv
(C) iii, i, iv, ii, v        (D) iii, v, i, iv, ii

Q17. Which one of the following is not a measure of dispersion?
(A) Quartile                  (B) Range
(C) Mean Deviation     (D) Standard Deviation

Q18. If bxy = 0.25 and byx = 0.64, correlation coefficient is
(A) 0.16              (B) 0.40
(C) 0.89              (D) 0.30

Q19. Struge’s rule is used to find out directly
(A) Number of classes in a continuous distribution
(B) Size of class limits
(C) Direction of the classification
(D) None of the above

Q20. Which of the following software has application in both Mathematics and Statistics?
(A) SPSS          (B) SAS
(C) R                (D) None of the above

Q21. Match the following:
a. The Practice of Management                        1. Henry Fayol
b. Philosophy of Management                         2. F.W. Taylor
c. Scientific Management                                3. Oliver Sheldon
d. General and Industrial Administration        4. Peter F. Drucker

Codes:
        a   b   c   d 
(A)  1   2   3   4
(B)  4   3   2   1
(C)  4   3   1   2
(D)  3   4   2   1

Q22. Assertion (A) : All decisions taken through mental process are rational.
          Reason (R) : Decision making is a mental process.

(A) (R) is correct, but (A) is not correct
(B) (A) is correct, but (R) is not correct
(C) Both (A) and (R) are correct
(D) Both (A) and (R) are not correct

Q23. Who among the following developed the technique of Management by Exception?
(A) Joseph L. Massie        (B) Lester R. Bittel
(C) L.F. Urwick                (D) Peter F. Drucker

Q24. Which among the following are parts of job description?

i. duties performed
ii. Job summary
iii. Job identification
iv. Supervision given
v. Delegation of authority

(A) i, ii, iii, and iv          (B) ii, iii, iv and v
(C) i, iii, iv, and v          (D) i, ii, iii and v

Q25. Appointment of independent Directors is the part of Corporate Governance as per the
(A) SEBI                             (B) Indian Companies Act
(C) Government of India    (D) RBI

Q26. A method for achieving maximum market response from limited marketing resources by reorganising differences in the response characteristics of various parts of the market is known as
(A) Market targeting           (B) Market positioning
(C) Market segmentation    (D) Market strategy

Q27. Who plays their significant role in distribution of goods when they do not sell to ultimate users or consumers?
(A) Retailer           (B) Wholeseller
(C) Mediator         (D) Commission agent

Q28. In Marketing Mix, which four P’s are covered?
(A) Product, Price, Place, promotion  
(B) Product, Price, Power, Promotion

(C) Product, Price, Penetration, Promotion
(D) Product, Price, Positioning, Promotion

Q29. Which research includes all types of researches into human motives when it refers to qualitative research designed to uncover the consumer’s sub consciousness or hidden motivations?
(A) Motivational Research         (B) Marketing Research
(C) Managerial Research            (D) Price Research

Q30. False and misleading claims and vulgarity in advertisements do not match with
(A) Aggressive advertising        (B) Ethics in advertising
(C) Mass level of advertising     (D) Sales promotion

Q31. Arrange the following steps involved in capital budgeting in order of their occurrence:

i. Project selection
ii. Project appraisal
iii. Follow up
iv. Project execution

(A) ii, iii, i, v, iv            (B) iii, ii, i, v, iv
(C) i, iii, ii, v, iv            (D) i, ii, iii, v, iv

Q32. Which method does not consider the time value of money?
(A) Net Present Value               (B) Internal Rate of Return
(C) Average Rate of Return      (D) Profitability

Q33. Which formula is used measure the degree of Operating leverage?
(A) EBIT/sales           (B) C/EBIT
(C) EBIT/EBT           (D) EBIT/C

Q34. Which one is more appropriate for cost of retained earnings?
(A) Weighted Average Cost of Capital         (B) Opportunity cost to the firm
(C) Expected rate of return by the investor   (D) None of the above

List-I                                                             List-II
a. Modigliani-miller approach                         1. Commercial paper
b. Net Operating income approach                  2. Working capital
c. Short term money market instrument         3. Capital structure
d. Factoring                                                      4. Arbitrage

Codes:
        a   b   c   d
(A)  4   3   1   2
(B)  3   4   1   2
(C)  3   2   1   4
(D)  4   2   3   1

Q36. During which plan was the National Apprenticeship Training Scheme introduced?
(A) 1st Five Year Plan          (B) 2nd Five Year Plan
(C) 4th Five Year Plan         (D) Annual Plans

Q37. Match the following:
                List-I                                                                                 List-II
a. An ordinary person does not want to work on his own      1. Hierarchy Theory
b. An individual is willing to work on his own                       2. Hygiene Theory
c. Motivational Factors                                                            3. X-Theory
d. Esteem Needs                                                                      4. Y-Theory

Codes:
       a   b   c   d
(A)  1  2   3   4
(B)  3  4   1   2
(C)  1  4   2   3
(D)  3  4   2   1

Q38. Arrange the following staffing procedures in the correct sequences:

i. Determining sources of Personnel supply
ii. Preparing personal specifications.

iii. Selection of personnel.
iv. Determining personnel characteristics

(A) ii, i, iv, iii         (B) i, ii, iii, iv
(C) ii, i, iii, iv         (D) ii, iii, i, iv

Q39. Which among the following is not a voluntary method for prevention and settlement of disputes?
(A) Collective Bargaining          (B) Standing orders
(C) Joint Consultation                (D) Works Committee

Q40. Statement-I : It is no better to pay employees for little than to pay too much.
     Statement-II : Competent employees will remain competent forever.

(A) Statement I is true, but II is false.
(B) Statement II is true, but I is false.
(C) Both Statements I and II are true.
(D) Both Statements I and II are false.

Q41. Match the following:

a. Credit Control                    1. MCA
b. Corporate Control              2. SEBI
c. IPO Control                        3. IRDA
d. ULIP Control                     4. RBI

Codes:     a   b   c   d
         (A)  4   2   3   1
         (B)  4   1   2   3
         (C)  2   3   4   1
         (D)  4   1   3   2

Q42. Which one among the following has not started Commercial Banking?
(A) SIDBI         (B) IDBI
(C) ICICI          (D) UTI

Q43. What is OTP in credit card transactions?
(A) Odd Transaction Password   (B) Owner’s Trading Password
(C) One Time Password              (D) One Time Pin code

Q44. The powers of Controller of Capital Issues of India is now shifted to
(A) Ministry of Finance         (B) SEBI
(C) AMFI                               (D) Ministry of Corporate Affairs

Q45. The success of E-banking depends upon:
i. Multi-layer Security System
ii. Risk and Surveillance Management
iii. Updated Flawless Softwares
iv. Stringent Legal Frame-work

(A) i and ii              (B) i,ii, and iii
(C) ii, iii, and iv      (D) i, ii, iii and iv

Q46. International liquidity comprises which four of the following?
i. Gold held by Central Banks.
ii. Gold held by families.
iii. Forex Reserve held by Commercial Banks.
iv. Mineral wealth.
v. SDRs.
vi. Borrowing facilities.
vii. NRIs FDRs
viii. Credit facilities available under SWAP.

(A) i, ii, iii, iv        (B) ii, iii, iv, viii
(C) i,iii, v, viii       (D) iii, iv, vii, viii

Q47. Which among the following are important bodies of WTO?

i. Dispute Settlement Body.
ii. NAFTA

iii. Trade Policy Review Body.
iv. ASEAN
v. Council for Trade in Goods
vi. IBRD
vii. Council for Trade related aspects of Intellectual Property Rights.
viii. GATT

An appropriate combination is

(A) i, ii, iii, iv            (B) ii, iii, iv, v
(C) i, iii, v, vii           (D) iv, v, vi, viii

Q48. Which one is not the source of External Finance?
(A) WTO Funds       (B) World Bank Group
(C) Export Credit     (D) Foreign Direct Investment

Q49. Which one is called Bretton-Wood Twins?
(A) IBRD and IDA        (B) IMF and IFC
(C) IMF and IBRD        (D) IDA and IFC

Q50. UNCTAD stands for
(A) United Nations Committee on Tariff and Development.
(B) United Nations Conference on Trade and Deficit.
(C) United Nations Conference on Trade and Development.
(D) Union of Nations Cause for Trade and Development.

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Answer Key (if you find any answer wrong, feel free to comment below)

01.(B)11.(B)21.(B)31.(B)41.(D)
02.(A)12.(C)22.(A)32.(C)42.(A)
03.(C)13.(B)23.(B)33.(B)43.(C)
04.(C)14.(B)24.(A)34.(B)44.(B)
05.(D)15.(B)25.(A)35.(A)45.(B)
06.(D)16.(C)26.(C)36.(B)46.(C)
07.(B)17.(A)27.(B)37.(D)47.(C)
08.(A)18.(B)28.(A)38.(A)48.(A)
09.(D)19.(A)29.(A)39.(D)49.(C)
10.(B)20.(D)30.(B)40.(A)50.(C)

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