PAPER-II
COMMERCE
COMMERCE
Paper – II
Note : This paper contains fifty (50) objective type questions, each question carrying two (2)
marks. All questions are compulsory.
1. Direct supervision over depositories
and mutual funds is undertaken by
(A) NBFCs
(B) RBI
(C) SEBI
(D) All of the above
Answer:(C)
2. In the call/notice money market,
which of the following participants is
allowed to trade ?
(A) All Banks, Primary Dealers and
Mutual Funds
(B) All Corporates
(C) Only Commercial Banks
(D) All of the above
Answer:(C)
3. Match the items of List-I with the
items of List-II and select the correct
answer :
List – I List – II
(i) Private (a) Secondary Market
ownership
and Free
Enterprise.
(ii) Government (b) Capitalism
ownership
and Central
Authority.
(iii) The market (c) Primary Market
for the sale
and purchase
of previously
issued
securities.
(iv) The market (d) Socialism
for new long
term capital.
Codes :
(i) (ii) (iii) (iv)
(A) (b) (d) (a) (c)
(B) (a) (b) (c) (d)
(C) (b) (d) (c) (a)
(D) (a) (c) (b) (d)
Answer:(A)
4. The apex consumer court in India is
referred to as
(A) The Consumer Education and
Research Centre.
(B) The Consumer Unity and Trust
Society.
(C) National Consumer Disputes
Redressal Commission.
(D) None of the above
Answer:(C)
5. Who is Chairman of 13th Finance
Commission ?
(A) Dr. C. Rangarajan
(B) Mr. Vimal Jalan
(C) Dr.Vijay C. Kelkar
(D) None of the above
Answer:(C)
6. Insurance expenses paid to bring an
equipment from the place of
purchase to the place of installation is
a type of
(A) Revenue expenditure
(B) Capital expenditure
(C) Deferred revenue expenditure
(D) Operating expense
Answer:(B)
7. ABC Ltd was incorporated with
an authorised Share Capital of
Rs 1,00,000 equity shares of Rs 10
each. The Board of Directors of the
company decided to allot 10,000
shares credited as fully paid to the
promoters of the company for their
services. Which account should be
debited in the books of ABC Ltd. ?
(A) Promoters’ Account
(B) Services Account
(C) Goodwill Account
(D) Share Capital Ac
Answer:(C)
8. In a reconstruction scheme, the
reduction of capital may take the
form of
(A) Reducing the liability of the
shareholders in respect of any
unpaid amount on the shares
held by them.
(B) Paying-off any paid-up share
capital which is in excess of its
requirement.
(C) Cancelling any paid-up share
capital which is lost or
unrepresented by available
assets.
(D) All of the above.
Answer:(D)
9. While determining the normal rate of
return for the valuation of shares in
Market Value Method, which of the
following should be taken into
consideration ?
(A) The degree of risk involved.
(B) The current rate of interest on
gilt-edged securities.
(C) Weighted average cost of
capital.
(D) All of the above.
Answer:(D)
10. Master budget is a
(A) Functional Budget
(B) Operating Budget
(C) Summary Budget
(D) Financial Budget
Answer:(C)
11. Assertion (A) : Want-satisfying
power of a commodity is called
its utility.
Reason (R) : Utility may not have
the characteristic of morality.
Codes :
(A) Both (A) and (R) are correct.
(B) (A) is correct, but (R) is not
correct.
(C) Both (A) and (R) are not
correct.
(D) (R) is correct, but (A) is not
correct.
Answer:(A)
12. Match the items of List-I with those
in List-II and select the correct code
for the answer :
List – I List – II
(a) Contraction (i) Non-Price change effect
of Demand
(b) Decrease (ii) Demand curve
in Demand remains the same
(c) Increase in (iii) Price change effect
Demand
(d) Expansion (iv) Shifts the
of Demand Demand curve
Codes :
(a) (b) (c) (d)
(A) (iii) (i) (iv) (ii)
(B) (iv) (iii) (ii) (i)
(C) (i) (ii) (iii) (iv)
(D) (ii) (iv) (i) (iii)
Answer:(A)
13. Assertion (A) : As the proportion of
one variable factor in a
combination with fixed factor
is increased, after a point the
marginal product of the factor
will diminish.
Reason (R) : Beyond the level of
optimum combination of inputs
leads to this.
Codes :
(A) (R) is appropriate reason of (A).
(B) (R) is not appropriate reason of (A).
(C) (A) and (R) are not related with each other.
(D) (A) is independent of (R).
Answer:(A)
14. Match the items of List-I with the
items of List-II and select the correct
answer.
List – I List – II
(a) Indifference (i) Slopes downward to
Curve the right
(b) Demand (ii) P=AR=MR=d
Curve
(c) Perfect (iii) Oligopoly
Competition
(d) Price (iv) Convex to the origin
Leadership
Codes :
(a) (b) (c) (d)
(A) (ii) (iii) (iv) (i)
(B) (iii) (iv) (i) (ii)
(C) (iv) (i) (ii) (iii)
(D) (i) (ii) (iii) (iv)
Answer:(C)
15. Price, Marginal Revenue and
Elasticity are related to each other.
When e = 1, then :
(A) MR > 0
(B) MR < 0
(C) MR = 0
(D) MR = 1
Answer:(C)
16. Consider the following statistical
tests :
(i) ‘F’ test
(ii) ‘t’ test
(iii) ‘z’ test
(iv) ‘Chi-square’ test
Which of these are parametric tests ?
(A) (i), (ii) and (iv)
(B) (i), (iii) and (iv)
(C) (i), (ii) and (iii)
(D) (ii), (iii) and (iv)
Answer:(C)
17. The difference between sample
statistic and its corresponding
population parameter is
(A) Sampling error
(B) Measurement error
(C) Coverage error
(D) Non-response error
Answer:(A)
18. Match the items in List-I with items
in List-II.
List – I List – II
(i) Level of (a) Sample mean is
significance equal to population mean
(ii) Standard
deviation of (b) Parameters
sampling
distribution
(iii) Numerical (c) Type-I error
value that
describes the
characteristi
cs of the
population
(iv) Normally-distributed (d) Standard error
population
Codes :
(i) (ii) (iii) (iv)
(A) (d) (c) (a) (b)
(B) (c) (d) (b) (a)
(C) (c) (b) (d) (a)
(D) (d) (b) (c) (a)
Answer:(B)
19. Kendall’s co-efficient of
concordance is used to
(A) Test the difference among two
or more sets of data.
(B) Test the relationship between
variables.
(C) Test the variations in the given
data.
(D) Test the randomness of
samples.
Answer:(B)
20. Which of the following softwares are
used for data processing ?
(i) EXCEL
(ii) ACCESS
(iii) SPSS
(iv) STAR
(v) PASW
Codes :
(A) (i), (ii), (iii) and (v)
(B) (ii), (iii), (iv) and (v)
(C) (iii) and (iv)
(D) (i), (iii) and (iv)
Answer:(A)
21. Match the items of List-I with the
items of List-II and select the correct
answer.
List – I List – II
(i) Grapevine (a) Task group
(ii) Formal (b) Field force theory
group
(iii) Informal (c) Gossip
group
(iv) Kurt Lewin (d) National group
Codes :
(i) (ii) (iii) (iv)
(A) (c) (a) (d) (b)
(B) (d) (c) (b) (a)
(C) (a) (b) (c) (d)
(D) (b) (a) (d) (c)
Answer:(A)
22. Who has suggested that achievement
motivation among individuals and
nations can be developed through
training courses ?
(A) MeClelland
(B) Alderfer
(C) Maslow
(D) Herzberg
Answer:(*)
23. Assertion (A) : When span of
control is wide co-ordination
and control becomes difficult.
Reason (R) : In a narrow span, levels
of authority reduces.
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 not a correct explanation of (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.
Answer:(C)
24. The general pattern of behaviour,
shared belief and values that
members have in common is known
as
(A) Organisation climate
(B) Organisation culture
(C) Organisation effectiveness
(D) Organisation matrix
Answer:(B)
25. Which of the following is not a
principle of management according
to Henri Fayol ?
(A) Subordination of individual
interest over the organisational
interest
(B) Esprit de crops.
(C) Unity of Managers
(D) Unity of Direction
Answer:(C)
26. Which of the following concepts is
based on development, design and
implementation of marketing
programmes, processes and activities
that recognise their breadth and
interdependence ?
(A) Product concept
(B) Sales concept
(C) Societal marketing concept
(D) Holistic marketing concept
Answer:(D)
27. The concept of marketing-mix,
consisting of the 4 P’s of marketing,
was developed by
(A) E. Jerome McCarthy
(B) Peter F. Drucker
(C) Philip Kotler
(D) William J. Stonton
Answer:(A)
28. The selling concept is most likely to
be used by firms which sell
(A) Convenience goods
(B) Shopping goods
(C) Speciality goods
(D) Unsought goods
Answer:(D)
29. Match the items of List-I with those
of List-II and select the correct
answer from the codes given below :
List – I List – II
(a) Everitt (i) Service Quality
M. Rogers Model
(b) J.D. Power (ii) Three types of marketing
for services
(c) Parasuraman, (iii) Quality rating of automobiles
Zeithaml and
Berry
(d) Gronroos (iv) Diffusion of innovation
Codes :
(a) (b) (c) (d)
(A) (iii) (ii) (i) (iv)
(B) (i) (ii) (iii) (iv)
(C) (ii) (i) (iv) (iii)
(D) (iv) (iii) (i) (ii)
Answer:(D)
30. Consumer attitudes and beliefs about
diet, health and nutrition are
influenced by
(A) Economic environment
(B) Cultural environment
(C) Social environment
(D) Natural environment
Answer:(B)
31. Positive NPV in project appraised by
a firm may not occur an account of
(A) Economics of scale
(B) Market reach
(C) Product differentiation
(D) Intangible benefits
Answer:(D)
32. In case the projects are divisible
under capital rationing an appropriate
project appraisal method is
(A) Net Present Value Method
(B) Profitability Index Method
(C) Internal Rate of Return Method
(D) Payback Period Method
Answer:(B)
33. Permanent working capital is
generally financed through
(A) Long term Capital Funds
(B) Government Assistance
(C) Internal Financing
(D) Short term loans from Banks
Answer:(A)
34. The appropriate ratio for indicating
liquidity crisis is
(A) Operating ratio
(B) Sales turnover ratio
(C) Current ratio
(D) Acid test ratio
Answer:(D)
35. Who proposed a model to apply
economic order quantity concept of
inventory management to determine
the optimum cash holding in a firm ?
(A) Keith V. Smith
(B) Miller and Orr
(C) William J. Baumol
(D) J.M. Keynes
Answer:(C)
36. Which of the following is not
included in the model of the systems
approach to Human Resource
Management ?
(A) Human Resource Planning
(B) Recruitment and Selection
(C) Performance appraisal
(D) Departmentation
Answer:(D)
37. It is generally easy to measure the
performance of the
(A) Industrial Relations Manger
(B) Research and Development
Manager
(C) Sales person
(D) All of the above
Answer:(C)
38. Which one of the following is not a
monetory incentive to sales people ?
(A) Bonus
(B) Staff meeting
(C) Travelling allowance
(D) Both (B) and (C)
Answer:(D)
39. Statement (i) : Sound industrial
relations are essential to
achieve individual, team goals
and organizational goals.
Statement (ii) : Congenial labour
management relations create an
atmosphere of harmony and
low rate of absenteeism.
(A) Statement (i) is true, but (ii) is
false.
(B) Statement (ii) is true, but (i) is
false.
(C) Both statements are true.
(D) Both statements are false
Answer:(C)
.
40. Out of the following, which are the
schemes of Social Security ?
(i) Provident Fund Scheme
(ii) Health Insurance Scheme
(iii) Job Guarantee Scheme
(iv) Maternity Benefit Scheme
(v) Merit Promotion Scheme
(vi) Compulsory and Voluntary
Social Insurance Scheme
(vii) Child Insurance Scheme
Codes :
(A) (i), (ii), (iv) and (vi)
(B) (ii), (i), (v) and (vii)
(C) (iii), (v), (iv) and (vi)
(D) (iv), (vii), (iii) and (ii)
Answer:(A)
41. RBI ensures that banks operate
within the set norms by conducting
______ inspections and _______
monitoring.
(A) on site, off site
(B) off site, on site
(C) on site, field
(D) field, on site
Answer:(A)
42. Under Section 37 of the Banking
(Regulation) Act, a moratorium order
can be issued by the High Court for a
maximum total period of
(A) One month
(B) Six months
(C) One year
(D) One and a half year
Answer:(B)
43. Bonds or debentures issued by
Securitization company should bear
interest not less than
(A) Bank Rate
(B) Prime Lending Rate
(C) 1.5% over the Bank Rate
(D) 1.5% over the Saving Rate
Answer:(C)
44. Section 131 of the Negotiable
Instruments Act extends protection to
the _______
(A) Collecting Banker
(B) Paying Banker
(C) Advising Banker
(D) Confirming Banker
Answer:(A)
45. When a customer, by a letter has
advised the bank not to honour/pay a
particular cheque, such letter is called
______
(A) Cancellation letter
(B) Garnishee letter
(C) Mandate
(D) None of the above
Answer:(D)
46. Flow of foreign loans and
investments affect
(A) Trade balance
(B) Current Account balance
(C) Capital Account balance
(D) None of the above
Answer:(C)
47. Concessions mainly multinational in
character come under the principle of
(A) Non-discrimination
(B) Reciprocity
(C) Market Access
(D) Fair Competition
Answer:(B)
48. From the following identify the one
which is not a commercial counter
trade ?
(A) Classical barter
(B) Counter purchase
(C) Pre-compensation
(D) Buy-back agreement
Answer:(D)
49. If the spot price is higher than the
strike price in a call option, it is
referred to as
(A) At-the-money
(B) In-the-money
(C) Out-of-the-money
(D) Premium
Answer:(B)
50. Identity the item which does not
include under Current Account
transaction.
(A) Services
(B) Non-monetary movement of
gold
(C) Unilateral transfer
(D) Investment income
Answer:(B)
Commerce 2013 June Paper 2 Solved (Conduct 30 June 2013)
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