CBSE UGC NET Commerce Paper-3 December 2015 Mock Test

Online Commerce Paper-3 Mock Test in CBSE UGC NET Exam Question Papers

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(Note: Candidates are requested to answer for 75 Questions. There are 10 Questions in each page. The OMR sheet must not be closed during the time of Test. Do not try to open new OMR sheet or Refresh the OMR Sheet again when answering for the questions.)

1.   The method being used for Transferring Complex Technology is known as :
          (1).  Licensing Agreement
          (2).  Transfer of Technology
          (3).  Turnkey Contract
          (4).  None of the above

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2.   Which of the following is not a ‘force’ in the “Porter Five Forces Model” ?
          (1).  Buyers
          (2).  Suppliers
          (3).  Complementary produce
          (4).  Industry rivalry

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3.   LIBOR term is used for :
          (1).  Deposit rate in European market
          (2).  Interest rate in Euro currency market
          (3).  Deposit rate applicable to interbank loans in London
          (4).  Interest rate in Euro bond market

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4.   Which of the following characterises the early stage financial crises ?

          (1).  Falling the price of residential properties
          (2).  Excessive euphoria about the future price of certain assets
          (3).  Excessive pessimism about future assets price
          (4).  Stragnating share price

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5.   Assertion (A) : In 1991 Government decided to allow all foreign investments to any industry

without any restrictions.

Reason (R) : Government has enhanced the investment limit of small scale industrial units.

Codes :

          (1).  Both (A) and (R) are true and (R) is the correct explanation of (A).
          (2).  Both (A) and (R) are true but (R) is not the correct explanation of (A).
          (3).  (A) is true but (R) is false.
          (4).  (A) is false but (R) is true.

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6.   When a business is purchased, any amount paid in excess of the total of assets, minus the liabilities taken, is called :

          (1).  Share Premium
          (2).  Goodwill
          (3).  Capital Employed
          (4).  Working Capital

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7.   Indicate the correct code as regards the sources of funds for a Funds Flow Statement from the following :

(a) Increase in working capital

(b) Decrease in working capital

(c) Writing off the intangible/fictitious assets

(d) Issuing equity shares for acquisition of a building for office

(e) Charging depreciation on fixed assets

Codes :
          (1).  (a), (c), (d)
          (2).  (b), (c), (e)
          (3).  (a), (d), (e)
          (4).  (b), (c), (d)

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8.   Which of the following statements are correct ?

(a) Analysis and interpretation of financial statements, is a function of accounting.

(b) Profit and Loss account is prepared for ascertaining financial position of a firm.

(c) Goodwill is a wasting asset.

(d) Balance Sheet is prepared for ascertaining financial position of a firm.

Select the correct answer using the codes given below :

Codes :
          (1).  (a) and (b)
          (2).  (a) and (c)
          (3).  (a) and (d)
          (4).  (b) and (c)

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9.   Match the items of List – I with those of the List – II and indicate the correct code for the following :

List – I List – II
(a) Debtors Turnover Ratio (i) Solvency Ratio
(b) Proprietary Ratio (ii) Liquidity Ratio
(c) Operating Ratio (iii) Activity Ratio
(d) Acid Test Ratio (iv) Profitability Ratio
Codes :
(a) (b) (c) (d)
          (1).  (ii) (iv) (iii) (i)
          (2).  (iii) (ii) (i) (iv)
          (3).  (iii) (i) (iv) (ii)
          (4).  (iv) (iii) (ii) (i)

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10.   For the following two statements of Assertion (A) and Reasoning (R), indicate the correct code :

Assertion (A) : Cash Flow Statement as per the financial statements as well is incapable in revealing the overall financial position of a firm.

Reasoning (R) : Cash is an important constituent of the working capital based on the recorded facts only.

Codes :
          (1).  (A) and (R) both are correct and (R) is an explanation of (A).
          (2).  (A) is correct but (R) is not correct.
          (3).  (A) is not correct but (R) is correct
          (4).  (A) and (R) both are incorrect

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