NET Commerce Paper

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COMMERCE
Paper – II
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All
questions are compulsory.

1. Who is the fiscal agent and advisor to
Government in monetary and
financial matters ?
(A) NABARD
(B) SBI
(C) RBI
(D) None of the above
2. Match the items of List – I with the
items of List – II :
List – I List – II
(a) National
Manufacturing
Competitiveness
Council
(NMCC)
(i) Industrial
Licensing
Policy
(b) National
Investment
Fund (NIP)
(ii) Eleventh Five
Year Plan
(c) The
Industries
(Development
and
Regulation)
Act (IDRA),
1951
(iii) The
Competition
Act, 2002
(d) Increase in
Employment
(iv) Public Sector
Undertakings
Codes :
(a) (b) (c) (d)
(A) (iv) (i) (ii) (iii)
(B) (iii) (iv) (i) (ii)
(C) (i) (ii) (iii) (iv)
(D) (iv) (iii) (ii) (i)
3. Kyoto Protocol pertains to
(A) Capital formulation
(B) Globalisation
(C) Environmental protection
(D) Unemployment reduction
4. Uruguay Round pertains to
(A) WTO
(B) IMF
(C) GATT
(D) World Bank
5. Which of the following are outside
the scope of the Consumer Protection
Act, 1986 ?
(A) Newspaper industry
(B) Services provided under
contract of personal service
(C) Banking industry
(D) Both (A) and (B)
6. Which of the following is ‘true’
regarding the Prudence Principle of
Accounting ?
(A) Taking care of the future losses
(B) Taking care of the future
profits
(C) Taking care of bad debts
(D) Taking care of inventory and
depreciation
7. Which of the following is a nonoperating
expense ?
(A) Salary of Managing Director
(B) Depreciation
(C) Advertisement expenditure
(D) Interest on loan

8. A and B are partners sharing profits
in the ratio of 3 : 2. Their books
showed goodwill at ` 3,000. C is
admitted with
14
th share of profits and
brings ` 10,000 as his capital. But he
is not able to bring in cash for his
share of goodwill ` 3,000. How will
you treat this ?
(A) Goodwill is raised by ` 12,000
(B) C will remain as debtor for
` 3,000
(C) C’s A/c. is debited for ` 3,000
(D) Goodwill is raised by ` 9,000
9. If there is mutual indebtedness
between the transferor company and
the transferee company in business
combination, which of the following
is correct ?
(A) No adjustment is required in
the books of the transferor
company.
(B) Adjustment is required in the
books of the transferor
company.
(C) No adjustment is required in
the books of the transferee
company.
(D) None of the above
10. Improvement of profit-volume ratio
can be done by
(A) Increasing selling price
(B) Altering sales mixture
(C) Reducing variable cost
(D) All of the above
11. Business Economics is a subject which
(A) studies economic relationships
(B) studies economic activities at
the aggregate level
(C) deals with the tools of
economics used for decision
making in business
(D) studies optimum allocation of
limited resources
12. Match List – I with List – II and
select the correct code for the answer :
List – I List – II
(a) Cross
elasticity is
zero
(i) Price = AVC
(b) Shut-down
point
(ii) Two
commodities
are
independent
(c) Slutsky
theorem
(iii) Transformation
line
(d) Production
Possibility
Curve
(iv) Substitution
effect
Codes :
(a) (b) (c) (d)
(A) (ii) (iv) (i) (iii)
(B) (iii) (ii) (iv) (i)
(C) (i) (iii) (ii) (iv)
(D) (ii) (i) (iv) (iii)
13. Assertion (A) : The demand curve
has negative slope showing
inverse relationship between
price and the quantity
demanded.
Reason (R) : This applies only to
Giffen goods.
Codes :
(A) Both (A) and (R) are true.
(B) (A) is true, but (R) is false.
(C) (A) is false, but (R) is true.
(D) Both (A) and (R) are false.
14. The consumer is said to be in
equilibrium when he plans his
expenditure on x, y and z
commodities in such a way that he
ultimately attains :

15. Match the items in List – I with those
in List – II and select the correct code
for the answer :
List – I List – II
(a) Monopoly (i) Price Taker
(b) Monopolistic
competition
(ii) Homo- geneous
product’s
price maker
(c) Perfect
competition
(iii) Hetero- geneous
product
(d) Oligopoly (iv) Price
Rigidity
Codes :
(a) (b) (c) (d)
(A) (ii) (iii) (i) (iv)
(B) (i) (ii) (iv) (iii)
(C) (iii) (iv) (ii) (i)
(D) (iv) (i) (iii) (ii)
16. Match the following items in List – I
with most suitable options in List – II :
List – I List – II
(a) Fisher (i) Inverse
probability
(b) Karl Pearson (ii) Normal
Distribution
(c) Thomas
Baye’s
(iii) Correlation
Coefficient
(d) Karl Gauss (iv) Index
Numbers
Codes :
(a) (b) (c) (d)
(A) (iv) (iii) (ii) (i)
(B) (iv) (iii) (i) (ii)
(C) (iv) (ii) (iii) (i)
(D) (iv) (ii) (i) (iii)
17. The law of statistics, which says
‘Moderately large number of items
chosen at random from a large group
possess the characteristics of the
large group’, is referred to as :
(A) The Central Limit Theorem
(B) The Law of Statistical Regularity
(C) The Law of Inertia of Large
Numbers
(D) None of the above
18. A distribution, where the value of
arithmetic mean is maximum as
compared to median and mode, is
(A) Normal distribution
(B) Positively-skewed distribution
(C) Negatively-skewed distribution
(D) None of these
19. The most appropriate average to be
used to compute the average rate of
growth in population is
(A) Arithmetic mean
(B) Median
(C) Geometric mean
(D) Harmonic mean
20. “The life expectancy of people in
Kerala is more than that of Tamil
Nadu.” This statement is an example of
(A) Descriptive Hypothesis
(B) Causal Hypothesis
(C) Correlational Hypothesis
(D) None of the above
21. Match the items of List – I with the
items of List – II and choose the
correct answer :
List – I List – II
(a) Intrapersonal
communication
(i) Information
sharing
(b) Element of a
communication
event
(ii) Development
of
‘will’ to
work
(c) Objective of
organisational
communication
(iii) Thinking
(d) Goals of
organisational
communication
(iv) Purpose
Codes :
(a) (b) (c) (d)
(A) (i) (ii) (iii) (iv)
(B) (iii) (iv) (ii) (i)
(C) (ii) (iii) (i) (iv)
(D) (iv) (iii) (ii) (i)

22. According to the Boston Consulting
Group, a business which has a high
growth rate but a weak market share
is referred to as a
(A) Cash Cow
(B) Dog
(C) Question Mark
(D) Star
23. ‘No ideas are ever criticized’ and ‘the
more radical the ideas are the better’
– are the rules of which decision
making process ?
(A) Programmed decision-making
(B) Non-programmed decision
making
(C) Brainstorming
(D) Group discussion
24. According to McClelland’s Needs
Theory, which of the following is not
a motivating need ?
(A) Need for Power
(B) Need for Security
(C) Need for Achievement
(D) Need for Affiliation
25. In the managerial grid, developed by
Blake and Mouton, a manager who
has high consideration for production
but little concern for people is known
as
(A) 1.1 Management
(B) 1.9 Management
(C) 9.1 Management
(D) 5.5 Management
26. Which of the following is not the
major component of holistic
marketing ?
(A) Relationship marketing
(B) Integrated marketing
(C) Customer satisfaction
(D) Socially-responsible marketing
27. Which of the legislations listed
below do not form part of the
marketing environment of India ?
(A) The Drugs and Cosmetics Act,
1940
(B) The Prevention of Food and
Adulteration Act, 1954
(C) The Monopolies and
Restrictive Trade Practices Act,
1969
(D) Both (B) and (C)
28. The set of all actual and potential
buyers of a product is known as
(A) Customer group
(B) Industry
(C) Market
(D) None of the above
29. In the model of consumer behaviour
given by Philip Kotler, what
constitutes the marketing stimuli ?
(A) Marketing environment
(B) Four P’s of marketing
(C) Consumer needs and wants
(D) None of the above
30. The factor that exerts the broadest
and deepest influence on consumer
behaviour is
(A) Culture
(B) Sub-culture
(C) Social class
(D) Income

31. Which one of the following is not
among the assumptions of the
Modigliani-Miller model ?
(A) Perfect capital market
(B) Equivalent risk classes
(C) Unity for dividend payout ratio
(D) Absence of taxes
32. The most suitable coverage ratio for
deciding the debt capacity of a firm
is
(A) Interest Coverage Ratio
(B) Cash Flow Coverage Ratio
(C) Debt Service Coverage Ratio
(D) Fixed Assets Coverage Ratio
33. Which one of the following is the
most popular method for estimating
the cost of equity ?
(A) Capital asset pricing model
(B) Dividend yield method
(C) Gordon’s dividend discount
model
(D) Earnings yield method
34. Which one of the following is not the
internal factor affecting the weighted
average cost of capital of a firm ?
(A) Investment policy of the firm
(B) Capital structure of the firm
(C) Dividend policy followed
(D) Market risk premium for the
firm
35. Most common approach for analysing
the capital structure of a firm is
(A) Ratio Analysis
(B) Cash Flow Analysis
(C) Comparative Analysis
(D) Leverage Analysis
36. Who propounded “Theory Z” ?
(A) William Ouchi
(B) Peter F. Drucker
(C) Joseph H. Jurau
(D) Douglas McGregor
37. Another name for MATRIX
organisation is
(A) Flexible organisation
(B) Geographic organisation
(C) Project organisation
(D) None of the above
38. Which of the following are methods
of on-the-job training ?
(i) Coaching
(ii) Vestibule training
(iii) Demonstration
(iv) Role-playing
(v) Apprenticeship training
Select the right answer from the
following codes :
(A) (i), (ii), (iii), (iv)
(B) (i), (iii), (v)
(C) (ii), (iii), (iv)
(D) (i), (ii), (iii), (iv), (v)
39. The idea that a manager tends to be
promoted to the level of his
incompetence is referred to as
(A) The advancement principle
(B) The Parkinson’s law
(C) The Peter principle
(D) The job design principle

40. Assertion (A) : The emphasis in
industrial psychology has
shifted from the studies of the
isolated individual and the
physical environment to the
consideration of motivation and
morale.
Reason (R) : A motivated
employee with a high morale
will always give high
productivity.
Codes :
(A) Both (A) and (R) are correct,
and (R) is the right explanation
of (A).
(B) (A) is correct, but (R) is not
correct.
(C) Both (A) and (R) are incorrect.
(D) Both (A) and (R) are correct,
but (R) is not the right
explanation of (A).
41. Match the following items of List – I
and List – II in terms of functions of
commercial banks :
List – I List – II
(a) Letter of
reference
(i) Advancing
loans
(b) Sale of gold
coins
(ii) Receiving
deposits
(c) Recurring
Account
(iii) Non-banking
function
(d) Overdrafts (iv) Agency
function
Codes :
(a) (b) (c) (d)
(A) (i) (ii) (iii) (iv)
(B) (iv) (iii) (ii) (i)
(C) (iv) (ii) (iii) (i)
(D) (i) (iii) (ii) (iv)
42. Which of the following are included
under representation functions of a
bank ?
(i) Payment of cheques and bills
(ii) Providing remittance facilities
(iii) Underwriting of securities
(iv) Advancing clean credit
(v) Allowing overdrafts on current
account
(vi) Purchase and sale of securities
Codes :
(A) (i), (ii), (iii) and (iv)
(B) (iii), (iv), (v) and (vi)
(C) (i), (ii), (iii) and (vi)
(D) (ii), (iii), (v) and (vi)
43. Call money rate is applicable for a
very short period to
(A) Inter bank advances
(B) Bank to Reserve Bank
advances
(C) Reserve Bank to Bank advances
(D) Commercial Banks to
Industrial Banks advances
44. Match the following List – I with
List – II :
List – I
(Name of
Securities)
List – II
(Type of
Securities)
(a) Bonds of
Land
Development
Banks
(i) Semi-
Government
Securities
(b) Treasury
Bills
(ii) First Order
Securities
(c) Shares of a
Public Ltd.
Co.
(iii) Personal
Securities
Codes :
(a) (b) (c)
(A) (i) (ii) (iii)
(B) (ii) (i) (iii)
(C) (iii) (ii) (i)
(D) (i) (iii) (ii)

45. Reserve Bank of India controls the
activities of some of the following
banks in India :
(i) Commercial Banks
(ii) Cooperative Banks
(iii) Foreign Banks
(iv) Rural Banks
Codes :
(A) (i), (ii) and (iii)
(B) (i), (iii) and (iv)
(C) (ii), (iii) and (iv)
(D) (i), (ii), (iii) and (iv)
46. Match the following List – I with
List – II and select the correct answer :
List – I List – II
(a) Comparative
Cost Theory of
International
Trade
(i) Gottfried
Haberler
(b) International
Trade Theory
of Opportunity
Cost
(ii) J.S. Mill
(c) Factor
Endowment
Theory of
International
Trade
(iii) David
Ricardo
(d) Doctrine of
Reciprocal
Demand
(iv) Hecksher-
Ohlin
Codes :
(a) (b) (c) (d)
(A) (iii) (ii) (iv) (i)
(B) (i) (iii) (ii) (iv)
(C) (iii) (i) (iv) (ii)
(D) (ii) (i) (iv) (iii)
47. Identify the one, from the following,
which is not a type of disequilibrium
in the balance of payments of a
country :
(A) Cyclical disequilibrium
(B) Secular disequilibrium
(C) Structural disequilibrium
(D) Sectoral disequilibrium
48. The participants who take advantage
of different exchange rates in
different markets are
(A) Speculators
(B) Arbitrageurs
(C) Hedgers
(D) Investors
49. Assertion (A) : The liability of the
option buyer is limited in the
currency options market.
Reason (R) : Option buyer need
not exercise the option if the
exchange rate is not favourable
for him.
Codes :
(A) (R) is correct and (A) is wrong.
(B) (A) is correct and (R) is wrong.
(C) Both (A) and (R) are correct.
(D) Both (A) and (R) are wrong.
50. An MNC that maintains a balance
between the home market and host
market oriented policies is
(A) Ethnocentric firm
(B) Polycentric firm
(C) Geocentric firm
(D) None of the above

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I am looking for syllabus and previous years papers of NET Commerce for preparation so please provide me the same?

Here I am giving you syllabus and previous year’s papers of NET Commerce for your preparation.

NET Commerce Syllabus:

UGC NET Commerce Paper II and Paper III ( A ) ( Core Group ) :

Unit – I :
Business Environment :
Meaning and Elements of Business Environment.
Economic environment, Economic Policies, Economic Planning.
Legal environment of Business in India, Competition policy, Consumer protection, Environment protection.
Policy Environment : Liberalization Privatisation and globalisation, Second generation reforms, Industrial policy and implementation. Industrial growth and structural changes.

Unit – II :
Financial & Management Accounting :
Basic Accounting concepts, Capital and Revenue, Financial statements.
Partnership Accounts : Admission, Retirement, Death, Dissolution and Cash Distribution.
Advanced Company Accounts : Issue, forfeiture, Purchase of Business, Liquidation, Valuation of shares, Amalgamation, Absorption and Reconstruction, Holding Company Accounts.
Cost and Management Accounting : Ratio Analysis, Funds Flow Analysis, Cash Flow Analysis, Marginal costing and Break-even analysis, Standard costing, -Budgetary control, Costing for decision-making Responsibility accounting.

Unit – III :
Business Economics :
Nature and uses of Business Economics, Concept of Profit and Wealth maximization. Demand Analysis and Elasticity of Demand, Indifference Curve Analysis, Law.
Utility Analysis and Laws of Returns and Law of variable proportions.
Cost, Revenue, Price determination in different market situations : Perfect competition, Monopolistic competition, Monopoly, Price discrimination and Oligopoly, Pricing strategies.

Unit-IV :
Business Statistics & Data Processing :
Data types, Data collection and analysis, sampling, need, errors and methods of sampling, Normal distribution, Hypothesis testing, Analysis and Interpretation of Data.
Correlation and Regression, small sample tests : t-test, F-test and chi-square test.
Data processing : Elements, Data entry, Data processing and Computer applications.
Computer Application to Functional Areas : Accounting, Inventory control, Marketing.

Unit – V :
Business Management :
Principles of Management.
Planning : Objectives, Strategies, Planning process, Decision-making.
Organising, Organisational structure, Formal and Informal organisations, Organisational culture.
Staffing
Leading : Motivation, Leadership, Committees, Communication.
Controlling
Corporate Governance and Business Ethics.

Unit – VI :
Marketing Management :
The evolution of marketing, Concepts of marketing, Marketing mix, Marketing environment.
Consumer behaviour, Market segmentation.
Product decisions
Pricing decisions
Distribution decisions
Promotion decisions
Marketing planning, Organising and Control.

Unit – VII :
Financial Management :
Capital Structure, Financial and Operating leverage.
Cost of capital, Capital budgeting.
Working capital management
Dividend Policy

Unit – VIII :
Human Resources Management :
Concepts, Role and Functions of Human Resource management.
Human Resource Planning, Recruitment and Selection.
Training and Development, Succession Planning.
Compensation : Wage and Salary Administration, Incentive and Fringe benefits, Morale and Productivity.
Performance Appraisal
Industrial Relations in India, Health, Safety, Welfare and Social security, Workers’ Participation in Management.

Unit – IX :
Banking and Financial Institution :
Importance of Banking to Business, Types of Banks and Their Functions, Reserve Bank of India, NABARD and Rural Banking.
Banking Sector Reform in India, NPA, Capital adequacy norms.
E-banking
Development Banking : IDBI, IFCI, SFCs, UTI, SIDBI.

Unit – X :
International Business :
Theoretical foundations of international business, Balance of Payments.
International liquidity, International Economic Institutions : IMF, World Bank IFC, IDA, ADB.
World Trade Organisation-its functions and policies.
Structure of India’s foreign trade : Composition and direction, EXIM Bank, EXIM Policy of India, Regulation and promotion of Foreign Trade.


Paper – III (B) ( Elective / Optional ) :

Elective – I : Accounting and Finance
Accounting standards in India, Inflation Accounting, Human Resource Accounting, Responsibility Accounting, Social Accounting.
Money and Capital market, Working of stock exchanges in India, NSE, OTCEI, NASDAQ, Derivatives and Options.
Regulatory Authorities : SEBI, Rating Agencies; New Instruments; GDRs, ADRs.
Venture Capital Funds, Mergers and Acquisitions, Mutual Funds, Lease Financing, Factoring, Measurement of risk and returns securities and portfolios.
Computer Application in Accounting and Finance.

Elective – II : Marketing
Marketing Tasks, Concepts and Tools, Marketing Environment.
Consumer Behaviour and Market Segmentation.
Product decisions
Pricing decisions
Distribution decisions
Promotion decisions
Marketing Researchs
On-line marketing
Direct Marketing; Social, ethical and legal aspects of marketing in India.

Elective – III : Human Resource Management
Concept; Role and Functions of Human Resource Management.
Human Resource Planning, Job analysis, Job description and specifications, Use of Job analysis information, Recruitment and Selection.
Training and Development, Succession Planning.
Compensation : Wage and Salary administration, Incentives and Fringe benefits, Morale and Productivity.
Appraisal Performance
Industrial Relations in India, Health, Safety, Welfare and Social Security, Workers participation in Management.

Elective – IV : International Business
Foreign Direct Investment and Multinational Corporations-MNCs Culture, MNCs and LDCs, Joint Ventures.
Regional Economic Integration : SAARC, ASEAN, EC, NAFTA.
India and WTO, Intellectual Property Rights.
Foreign Exchange : Exchange rate, Mechanism, Risk management, Transfer of international payments, Convertibility of Rupee, Current and Capital Accounts; Issues and Perceptions, Derivatives and Futures.
Foreign investment Institutions; Instruments : GDRs, ADRs, FIIs-their role in Indian Capital Market.

Elective – V : Income – tax Law and Tax Planning
Basic concepts, Residential status and tax incidence, exempted incomes, computation of taxable income under various heads.
Computation of taxable income of individuals and firms.
Deduction of tax, filing of returns, different types of assessment; Defaults and penalties.
Tax Planning : Concept, significance and problems of tax planning, Tax evasion and tax avoidance, methods of tax planning.
Tax considerations in specific business decisions, viz., make or buy; own or lease, retain or replace; export or domestic sales; shut-down or closure; expand or contract; invest or disinvest.
Computer Application in Income tax and Tax planning.


Previous Year’s Papers of NET Commerce:

Attached Files Available for Download

	NET Commerce Paper 1.pdf (192.4 KB, 21 views)
	NET Commerce Paper 2.pdf (219.1 KB, 25 views)
	NET Commerce Paper 3.pdf (181.2 KB, 20 views)

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