September 6, 2024
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UGC NET Paper 2: Commerce 7th Dec 2023 Shift 1

UGC NET Paper 2: Commerce 7th Dec 2023 Shift 1
UGC NET Paper 2: Commerce 7th Dec 2023 Shift 1
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Created on By mr.yashraj

UGC NET COMMERCE PYQs PAPER 2

UGC NET Paper 2: Commerce 7th Dec 2023 Shift 1

1 / 100

1)

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: Consumes may prefer to choose the channels based on their own shopping goals as well as price, product assortment and convenience.

Reason R: Some consumers are unwilling to "trade-up" to retailers offering higher-end goods, and "trade down" to discount retailers for private- label

In the light of the above statements, choose the most appropriate answer from the options given below:

2 / 100

2)

Sequentially arrange the following impacts of the evolving global monetary system on the economies.

A. Protectionism and nationalism

B. Capital flows driving economic development

C. Increased world trade with limited capital flows

D. Expanded open economies

E. Industrial economies increasingly open and emerging nations open slowly

Choose the correct answer from the option given below:

3 / 100

3)

Arrange the following steps in the investigation process of combinations by the Competition Commission of India in the correct order.

A. Call for a report from the Director General

B. Invite any person, affected parties to file written objections

C. Direct the parties of combination to publish details of the combination

D. Call for additional information from the parties of the combination

E. Issue a notice for show-cause to the parties of the combination

Choose the correct answer from the option given below:

4 / 100

4) The price earnings ratio for firms in a certain industry follows the normal distribution. A firm’s price-earnings ratio has a standardized value (Z) = 1.0 and it is included in the highest _____ of firms in the industry.

5 / 100

5) Which one of the following statements does not support the concept of third degree price discrimination?

6 / 100

6) In case of anti-competitive activities by a firm, the Competition Commission of India can impose a penalty which shall be not more than

7 / 100

7) Which one of the following instruments is often used to protect the value of a foreign currency denominated transaction?

8 / 100

8)

Arrange the steps in the book building process for public issue of shares in India.

A. Determine issue price, market clearing price and price discovery

B. Book runner and syndicate members generate awareness, create demand and run the order book

C. Appointment of the merchant banker and syndicate members (SEBI registerd intermediaries) as underwriters

D. Preparation and filing of red herring propectus with the SEBI for approval

E. Allotment and listing of shares on stock exchange (s)

Chose the correct answer from the option given below:

9 / 100

9) Match List - I with List - II.

List I

(Nature of Business Activity)

List II

(FDI Permitted under Automatic Route)

A.

Trading in Transferable Development Rights (TDR)

I.

49%

B.

Multi-Brand Retail Trading

II.

Prohibited

C.

Satellite (Establishment and Operations)

III.

51%

D.

Petroleum Refining (by PSUs)

IV.

100%

Choose the correct answer from the options given below :

10 / 100

10) The exporting firm is termed ‘rider’ where the other firm with an established distribution channel in the target country is termed as ‘Carrier This phenomenon is known as.

11 / 100

11) Which one of the following digital payment systems is developed and managed by the National Payments Corporation of India?

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12) Match List - I with List - II.

List I

(Concept Targeting)

List II

(Definition)

A.

Target Compatibility

I.

Reflects the ability of a market segment to create superior value for the company

B.

Tactical Targeting

II.

A reflection of the company's ability, to create superior customer value

C.

Target Attractiveness

III.

Focuses on customising company’s offerings according to the customers’ needs|

D.

Strategic Targeting

IV.

Ways in which the company can reach strategically important customers

Choose the correct answer from the options given below :

13 / 100

13) In one-factor ANOVA, the computed F-value will be negative:

14 / 100

14)

By reducing the sales price from Rs. 80 per unit to Rs. 78 per unit, the sales manager has succeeded in selling 1000 units more of a product. Which of the following decisive conclusions can be drawn from this?

A. Sales price variance is unfavourable

B. Sales volume variance is favourable

C. Total sales variance is unfavourable

D. Sales activity variance is Rs. 80000 (favourable)

E. Sales price variance is Rs. 2000 (unfavourable)

Choose the correct answer from the options given below:

15 / 100

15) The present value of future profits, the individual or segment will generate over a lifetime relationship with a brand or firm, is known as

16 / 100

16) Match List - I with List - II.

List I

(Asset classes)

List II

(Type of Investments)

A.

Asset Class A

I.

Equity shares of companies traded in futures and options segmenets

B.

Asset Class C

II.

Government securities and state development loans

C.

Asset Class E

III.

Alternate Assests

D.

Asset Class G

IV.

corporate bonds/debentures which are listed and rated not below A

Choose the correct answer from the options given below :

17 / 100

17) Match List - I with List - II.

List I

(Description Identifiers)

List II

(Research design)

A.

The time dimension

I.

Exploratory study

B.

The purpose of the study

II.

Statistical study

C.

The topical scope of the study

III.

Descriptive study

D.

The degree to which the research question has been crystallized|

IV.

Cross-sectional study

Choose the correct answer from the options given below :

18 / 100

18)

Which of the following are functions of the Reserve Bank of India?

A. Bank of issue

B. Banker's bank and lender of the last resort

C. Regulator of fiscal policy

D. Controller of credit

E. Custodian of foreign exchange reserves

Choose the most appropriate answer from the option given below:

19 / 100

19) _______ is a marketing term for any design to prompt an immediate response or encourage an immediate sale.

20 / 100

20)

Which of the following are constituents of the trilemma of international finance?

A. Fixed exchange rate

B. Independent monetary policy

C. Free mobility of capital

D. Global recessionary tendency

E. Rising inflationary conditions

Choose the correct answer from the options given below:

21 / 100

21) Every seller who receives an amount exceeding ______ as consideration for sale of a motor vehicle, shall collect tax @ 1% of the sale consideration from the buyer at the time of receipt of such an amount

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22) Match List - I with List - II.

List I

(Activity Based Cost Centers)

List II

(Costs incurred and accounted for)

A.

Unit-level activity center

I.

Patent, trademark and copyright fees

B.

Batch level activity center

II.

Direct material and labour costs

C.

Product level activity center

III.

Plant depreciation and maintenance expenses

D.

Facility level activity center

IV.

Material handling costs

Choose the correct answer from the options given below :

23 / 100

23)

Which of the following factors are attributed to the weakening of Indian rupee?

A. Rupee payment for international trade

B. Rising cost of imports

C. Widening trade deficit

D. Opening of Rupee vostro accounts

E. Rupee UPI payments for overseas transactions

Choose the most appropriate answer from the options given below:

24 / 100

24) In International Commercial Terms (INCOTERMES), identify the one, under which the delivery of goods to the named place of destination (discharge) takes place at the seller's expense. Buyers assumes the cargo insurance, import custom clearance, payment of custom duties, taxes and other costs and risk,

25 / 100

25)

Which of the following are relevant in deciding among different courses of action, the manager needs to consider the differential revenue and costs of alternatives?

A. Opportunity costs and economic profits

B. Fixed and Sunk Costs

C. Marginal Revenue and Marginal Cost

D. Incremental and marginal costs

E. Economies and dis-economies of scale

Choose the correct answer from the options given below:

26 / 100

26) In a certain population, 22% of people are smokers, 57% of people are males and 12% males are smokers. If a person is chosen at random from the population, what is that probality that selected person is either a male or a smoker?

27 / 100

27) Luxmi industries issued shares of Rs 1000 at a premium of Rs 10 per share, payable Rs 20 on application, Rs. 35 on allotment (including premium) and the balance on the first and final call. Mr. X who held 200 shares has paid only the application money and these shares were subsequently forfeited by the company. In this regard, by which amount share forfeiture account will be credited?

28 / 100

28) In which ratio, will the remaining partners compensate the retiring partner for a share of goodwill?

29 / 100

29) Which one of the following consists of physical working conditions, work schedule, incentives and the number of people with whom the employee would normally intract?

30 / 100

30)

Which of the following will be clubbed into the income of Mr. Q whose Income from Profession is Rs. 85,000?

A. Income from Mrs. Q's profession, Rs. 45,000

B. Mrs. Q's salary as a clerk, Rs. 66,000

C. Minor son's earned interest on deposits of money gifted to him by his uncle, Rs. 15,000

D. Minor daughter's earnings from sports, Rs 85,000

E. Minor son's winnings from lottery, Rs 1,05,000

Choose the correct answer from the options given below:

31 / 100

31)

Which of the following can become the member of an LLP?

A. Resident Indians

B. Limited Liability Partnership

C. Corporation Sole

D. Co-operative society

E. Companies (including foreign companies)

Choose the most appropriate answer from the option given below:

32 / 100

32)

For Forigen Direct Investment, it is argued that a location in question attracts FDI because it combines the unique advantage of which of the following conditions?

A. Internalisation Advantage

B. First Mover Advantage

C. Knowledge Advantage

D. Ownership Advantage

E. Location Advantage

Choose the correct answer from the options given below:

33 / 100

33) _______ takes into account a host of inputs, such as buyer’s image of the product performance, the channel deliverables, the warranty quality, customer support and softer attributes such as the suppliers reputation, trust worthiness and esteem.

34 / 100

34)

Which of the following are deemed to be dividend for the purpose of computing income chargable under the head, Income from other sources, as per the Income Tax Act, 1961?

A. Payment on buy-back of shares

B. Payment to shareholders on reduction of capital

C. Distribution of debentures to shareholders

D. Loan granted to shareholders in the ordinary course of business

E. Loan granted to shareholders by a closely held company

Choose the correct answer from the options given below:

35 / 100

35) Match List - I with List - II.

List I

(Features)

List II

(Remedies for breach of contract)

A.

Breach of promise to marry

I.

Suit for Injuction

B.

Part performance (as much as earned)

II.

Rescission of contract

C.

Absolvation from all obligations

III.

Sue for quantum meruit

D.

Mode of securing the specific performance of negative terms of contract

IV.

Vindictive damage

Choose the correct answer from the options given below :

36 / 100

36) Companies use ________ when they lack financial resources to carry out direct marketing and when they can earn more by doing so.

37 / 100

37)

Channel power is the ability to alter channel members' behaviour so that they take actions they would not have taken otherwise. From the following channel powers, list the ones which are subjective in nature:

A. Legal Power

B. Coercive Power

C. Expert Power

D. Referent Power

E. Reward Power

Choose the correct answer from the options given below:

38 / 100

38)

Arrange the following in a sequence with regard to price leadership sustainability:

A. Small firms in the industry are allowed to sell all they want at that price

B. Dominant firm acts as the residual supplier of the commodity

C. The dominant firm sets the price for the commodity that maximizes its profits

D. Small firms in the industry behave as price takers

E. Dominant firm then comes into fill the market

Chose the correct answer from the option given below:

39 / 100

39)

Place the following service differentiators in a logical sequence:

A. Speed and timing of delivery

B. Maintenance and repair

C. Returns

D. Installation, training and consulting

E. Ease of ordering

Choose the correct answer from the option given below:

40 / 100

40)

The concept of product life cycle is based on which of the following key assumptions?

A. Profits remain stable at different stages of product life cycle

B. Products have an unlimited life

C. Product sales pass through distinct stages, each posing different challenges, opportunites and problems to the seller

D. Products require different marketing, financial, manufacturing, purchasing and human resource strategies in each of the life cycle stages

E. Products have a limited life

Choose the most appropriate answer from the option given below:

41 / 100

41) When a target company makes a counter bid for the stock of the bidder, the defensive strategy in reference is called?

42 / 100

42)

Which of following are pre-experimental designs?

A. One-group pre test-post test

B. Pre-test post-test control group

C. Quasi-experiments

D. Static group comparison

E. After-only study

Choose the correct answer from the options given below:

43 / 100

43) As per the sub-section (8A) of Section 139 of the Income Tax Act, a person may furnish an updated return of his income for the previous year relevant to such assessment year, within _______ from the end of assessment year?

44 / 100

44) Which of the following theories of capital structure articulates that a firm borrows up to the point where the tax benefit from extra debt is exactly equal to the cost that comes from the increased probability of financial distress?

45 / 100

45)

Which are the states where every supplier of goods and/or services is required to obtain registration if his aggregate turnover exceeds the threshold limit of Rs. 20 lakh for supply of goods and/or services?

A. Arunachal Pradesh

B. Meghalaya

C. Manipur

D. Mizoram

E. Sikkim

Choose the most appropriate answer from the option given below:

46 / 100

46) Which one of the following accounting concepts and conventions consider it reasonable to use the historical cost to record long-lived assets?

47 / 100

47) Match List - I with List - II.

List I

(Management Thinkers)

List II

(Approach Dimensions)

A.

Kurt Lewin

I.

Position power, Task structure, Leader member relations

B.

Fred E Fiedler

II.

Authority and Responsibility, Unity of command, Scalar chain

C.

Henri Fayol

III.

Power, Affiliation, Achievement

D.

David C. McClelland

IV.

Unfreezing, Moving, Refreezing

Choose the correct answer from the options given below :

48 / 100

48)

Arrange the following rounds for multilateral trade negotiations under GATT/WTO in a chronological order.

A. Kennedy

B. Doha

C. Annecy

D. Torquay

E. Tokyo

Chose the correct answer from the option given below:

49 / 100

49)

Given below are two statements:

Statement I: The ordinary treasury bills that are marketable and have a secondary market are issued to the public and financial institutions.

Statement II: Ad hoc treasury bills are issued only in favour of the Reserve Bank of India which is authorized to issue currency notes against them.

In the light of the above statements, choose the most appropriate answer from the options given below:

50 / 100

50)

The trademarks can be broadly classified into which of the following categories?

A. Descriptive

B. Normative

C. Generic

D. Explanatory

E. Invented

Choose the most appropriate answer from the option given below:

51 / 100

51)

Which of the following are objectives of Immediate Payment Service (IMPS)?

A. To enable bank clients to use mobile instruments as a channel for accessing their bank accounts and remit funds

B. To build the foundation for a full range of mobile based banking services.

C. To sub-serve the goal of Reserve Bank of India (RBI) in digital payments.

D. To make payments simpler with the mobile number of the baneficiary

E. To restrain a nation-wide payment system facilitating one-to-one funds transfer

Choose the most appropriate answer from the option given below:

52 / 100

52) Which of the following frameworks is considered as the Open International Standard for Digital Business Reporting?

53 / 100

53)

Which of the following are relavant in technological innovations?

A. Most innovations are incremental

B. Most innovations involve the commercial utilization of ideas

C. Innovations cannot be explained with isoquants

D. Introduction of innovations is not stimulated by strong domestic rivalry and geographic concentrations

E. The risk in introducing innovations is usually high

Choose the correct answer from the options given below:

54 / 100

54)

SAFTA (South Asian Free Trade Agreement) categorises member nations as Non-Least Developed Contracting States (NLDCS) and Least Developed Contracting States (LDCS). Identify the NLDSC states from the following

A. Bangladesh

B. Pakistan

C. Bhutan

D. India

E. Sri Lanka

Choose the correct answer from the options given below:

55 / 100

55) Which one of the following is an exception to the doctrine of Constructive Notice.

56 / 100

56)

When a country's currency is accepted as a reserve currency, the potential conflict may arise between which of following policy objectives?

A. Domestic monetary policy

B. Domestic fiscal policy

C. External currency policy

D. Foreign trade policy

E. Inland trade policy

Choose the correct answer from the options given below:

57 / 100

57) The sequential stages of moral development in business organisations are characterised by:

58 / 100

58)

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: A promoter, invariably is the one who has been associated with formation of the company

Reason R: A promoter is the one who undertakes to form a company with reference to a given object and who takes the necessary steps to accomplish that purpose

In the light of the above statements, choose the most appropriate answer from the options given below:

59 / 100

59)

Arrange the following SBI-sponsored RRBs in an increasing order of their existence since formation.

A. Rajasthan Marudhara Gramin Bank

B. Telangana Gramin Bank

C. Sausashtra Gramin Bank

D. Madhyanchal Gramin Bank

E. Arunachal Pradesh Rural Bank

Choose the correct answer from the option given below:

60 / 100

60)

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: Persons with high self-esteem are less susceptible to influence, more confident of achieving goals and more effective in social networking

Reason R: Self-esteem manifests in several behaviours. Persons with high self-esteem tend to report fewer negative emotions than persons with low self-esteem

In the light of the above statements, choose the most appropriate answer from the options given below:

61 / 100

61) Which one of the following are disposed to promote financial inclusion?

62 / 100

62) The earning per share for Avanti corporation is Rs. 4.0. The rate of return on investments is 16 per cent and the return required by its shareholders is 12 percent. What will be the price per share as per the Walter model, if the payout ratio is 40 per cent?

63 / 100

63)

Which of the following ratios are critically significant for an investor

A. Debt-Equity ratio

B. Price-Earning ratio

C. Dividend yield

D. Asset turnover ratio

E. Debtor turnover ratio

Choose the correct answer from the options given below:

64 / 100

64) A charitable trust (registered under section 12 AB of the Income Tax Act) is registered under GST in New Delhi. It provided yoga training to middle-aged people. coaching for Basket-ball to teenagers and skill development services to persons over the age of 65 years residing in New Delhi in the month of July. This trust is liable to pay GST on:

65 / 100

65) Effective mentoring requires trust and the level of trust reflects the mentor’s:

66 / 100

66)

Arrange the following in the ascending order of applicable TDS (Tax deducted at source) rates for the Financial Year, 2023-24.

A. Payment of Rs. 6,55,000 rent by an individual in a year

B. Payment of Rs 20,000 on winnings from horse races

C. Payment of Rs 8,000 as dividend by cheque

D. Payment of Rs. 35,000 to an individual contractor for repair by a university

E. Payment of Rs 38,000 as fees for professional and technical services by a call center

Choose the correct answer from the option given below:

67 / 100

67) A discrete probability distribution ________.

68 / 100

68)

In order to conduct exploratory data analysis, which of following are used by a researcher in the five number summary?

A. Median

B. First quartile

C. Mean

D. Third quartile

E. Smallest and largest values

Choose the correct answer from the options given below:

69 / 100

69) Match List - I with List - II.

List I

(Types of Effect)

List II

(Description)

A.

Veblen effect

I.

Conspicuous consumption

B.

Snob effect

II.

Reduction in relative price of commodity

C.

Bandwagon effect

III.

Negative network externality

D.

Substitution effect

IV.

Positive network externality

Choose the correct answer from the options given below :

70 / 100

70) _______ as defined under the Foreign Trade Policy (FTP), implemented by Director General of Foreign Trade has the main aim to “mentor new and potential exporters on the intricacies of foreign trade through counselling, training and outreach programmes” so that they can get into international trade

71 / 100

71) Which amongst the following methods Is not a method of generating sales leads in personal selling?

72 / 100

72) Which one of the following beliefs and behaviors does not characterise ‘collectivism’?

73 / 100

73)

Which of the following managerial actions are followed to reduce resistance to change?

A. Education and communication are strong tools for resistance to change

B. Allows participation to those who oppose a change to participate in decision making

C. Negotiation may become vital when resistance comes from a powerful source

D. Employee counseling does not serve the purpose

E. Coercion can be used to get support easily

Choose the correct answer from the options given below:

74 / 100

74)

Which of the following are considered as the limitations of Cost-Volume-Profit analysis?

A. Constant selling price regardless of sales volume

B. Firm efficiency and productivity are constant and the costs are linear

C. Margin of safety is constant at varied levels of sales

D. Sales mix and the inventory levels are constant

E. Profit is constant at varied levels of sales price

Choose the correct answer from the options given below:

75 / 100

75) Match List - I with List - II.

List I

(Bond rates and risk)

List II

(Description)

A.

Coupon rate

I.

The interest rate required in the market on a bond

B.

Yield to maturity

II.

It is obtained by dividing annual coupon (stated interest payment) by the bond price

C.

Interest rate risk

III.

It germinates and originates from fluctuating interest rates

D.

Current (bond) yield

IV.

The annual coupon (stated interest payment) divided by the face value of a bond

Choose the correct answer from the options given below :

76 / 100

76)

Arrange the following steps of a well planned experiment in the sequential order.

A. Specify the treatment levels

B. Assign subject to groups and conduct pilot test

C. Choose an experimental design suited to the hypotheses

D. Control the environmental and extraneous factors

E. Select relevant variables for testing

Choose the correct answer from the option given below:

77 / 100

77) Which one of the following statements is the most relevant to the substitution effect?

78 / 100

78)

Which of the following are the reasons for substitution between domestic and MNC goods?

A. Increased knowledge of foreign products due to international information revolution

B. No need to conduct advertising campaigns

C. Transportation costs having fallen to very low levels for most products

D. Restricted international travel

E. Tastes are consistent at the global level

Choose the correct answer from the options given below:

79 / 100

79)

Which of the following are considered while avoiding conflict?

A. Conflict based on interpersonal relationships

B. All conflicts are not bad and can be taken positively

C. Conflict over content and goals of the work

D. Conflicts do not support a group's goal and improve its performance

E. Conflict over how work gets done

Choose the correct answer from the options given below:

80 / 100

80) Identify the source of oligopoly which is also applicable to monopoly firms:

81 / 100

81)

Given below are two statements:

Statement I: For a given sample size and level of significance (a), the critical value of Student's t always exceeds that of z

Statement II: For a given level of significance (a), the critical value of Student's t increases as n increases.

In the light of the above statements, choose the correct answer from the options given below:

82 / 100

82) ‘Which one of the following is the allowable deduction as per the Income Tax Act, 1961 in respect of entertainment allowance paid to a government employee?

83 / 100

83) Match List - I with List - II.

List I

(Assets Transferred)

List II

(Exemptions of capital gains Sections 54-54 EC Income Tax Act)

A.

Agricultural Land

I.

Section 54 B

B.

Residential House

II.

Section 54 EC

C.

Land or Building or Both

III.

Section 54 D

D.

Land and Building forming part of an industrial undertaking|

IV.

Section 54

Choose the correct answer from the options given below :

84 / 100

84) Honeywell Inc's move from a hierarchical management structure to a much flatter and team-based structure is a good description of which one of the following?

85 / 100

85) Which one of the following is invalid for the relationship among the agent, the sub-agent and the principal?

86 / 100

86)

Arrange the following group member's behavior outcomes in a sequence as per the successive stages of group building process.

A. Eager, Anxious, Gather data about similarities and differences among members and keep things simple

B. Upset and Depressed

C. Less dissatisfied and a feeling of belongings to the group

D. Confront the differences, feel angry or frustrated, lot of competition and hostilities.

E. Inter dependence in personal relations, tendency to get involved in and problem solving

Choose the correct answer from the option given below:

87 / 100

87) Which one of the following committees has suggested the establishment of NBFCs' regulatory framework?

88 / 100

88)

Emotional appeal is one of the types of advertising appeals, based on three ideas, namely

A. Rational appeals generally go unnoticed

B. Consumers watch all ads

C. It can capture attention and foster an attachment

D. Consumers ignore most ads

E. Rational appeal generally gets noticed

Choose the correct answer from the options given below

89 / 100

89) Which one of the following concepts measures the amount of capital thal the firm can give up by using one additional unit of labour and still remain on the same isoquant?

90 / 100

90) Mr. X is holding equity shares of ABC Ltd with voting power of 26 per cent. Mrs. X is working in ABC Ltd at a salary of Rs. 20,000 p.m. The other income of Mr. X and Mrs. X are Rs. 6,00,000 and Rs. 3,00,000, respectively. The gross total income of Mr. X and Mrs. X are _______ respectively for the Assesment Year 2023-24.

91 / 100

91)

Comprehension:(Que No. 91 - 95)

Read the given passage and answer the questions that follow:

For most of its existence as a modern field of study since the 18th century, economics has fared reasonably well at explaining consumer and producer behavior. It explained why buyers choose the products they do, how firms produce them to maximize profit, and how markets discover the most efficient prices. This changed with the Great Depression, when aggregate variables came into play that needed a better understanding than an assumption that markets return to equilibrium after shocks. Thus came into existence macroeconomics, the most dismal aspect of the dismal science. Economics has since diversified into quite a few other branches, such as those employing statistics and psychology, but most of its disrepute originates from its failure to predict financial crises.

"Macro' by its very nature - dealing with GDP, employment, inflation and other important but soporific matters and parameters - is headline- grabbing stuff. Governments come into play here, as do international relations. Yet, macro eludes the scientific method of testing hypotheses with repeated experiments: one can't conceivably wreck an economy to establish the effects of a shock. Instead, macroeconomists can only back-test their models against data that may be of questionable provenance. This makes prediction of the next stock market crash forever embarrassingly less exact than the return of Halley's Comet

Microeconomics, the reputable part of the endeavor, suffers from fewer limitations to controlled parameter experiments and delivers less equivocal insights. The explosion of commerce in the modern world owes itself in no small measure to predicting actions by the smallest economic agents: humans. Here, too, heroic assumptions are made, the foremost being that human beings are rational and information is free. The crisis in economic modelling arises from aggregating billions of micro truths into one macro truth. Models are improving, so are quantitative capabilities, and the qualitative judgements that drive macro policy will become more refined.

Question:

Match List - I with List - II.

List I

(Phenomenon)

List II

(Reasons)

A.

Economics defines

I.

Better understanding of aggregate variables

B.

Learning of Great Depression

II.

GDP. Employment, and Inflation

C.

Macro-economic variables

III.

Human beings are rational and information is free

D.

Pitfalls of Micro economics

IV.

How markets discover the most efficient prices

Choose the correct answer from the options given below :

92 / 100

92)

Comprehension:(Que No. 91 - 95)

Read the given passage and answer the questions that follow:

For most of its existence as a modern field of study since the 18th century, economics has fared reasonably well at explaining consumer and producer behavior. It explained why buyers choose the products they do, how firms produce them to maximize profit, and how markets discover the most efficient prices. This changed with the Great Depression, when aggregate variables came into play that needed a better understanding than an assumption that markets return to equilibrium after shocks. Thus came into existence macroeconomics, the most dismal aspect of the dismal science. Economics has since diversified into quite a few other branches, such as those employing statistics and psychology, but most of its disrepute originates from its failure to predict financial crises.

"Macro' by its very nature - dealing with GDP, employment, inflation and other important but soporific matters and parameters - is headline- grabbing stuff. Governments come into play here, as do international relations. Yet, macro eludes the scientific method of testing hypotheses with repeated experiments: one can't conceivably wreck an economy to establish the effects of a shock. Instead, macroeconomists can only back-test their models against data that may be of questionable provenance. This makes prediction of the next stock market crash forever embarrassingly less exact than the return of Halley's Comet

Microeconomics, the reputable part of the endeavor, suffers from fewer limitations to controlled parameter experiments and delivers less equivocal insights. The explosion of commerce in the modern world owes itself in no small measure to predicting actions by the smallest economic agents: humans. Here, too, heroic assumptions are made, the foremost being that human beings are rational and information is free. The crisis in economic modelling arises from aggregating billions of micro truths into one macro truth. Models are improving, so are quantitative capabilities, and the qualitative judgements that drive macro policy will become more refined.

Question:

Which of the following is the reason, as per the passage, for driving more effective macro policies?

93 / 100

93)

Comprehension:(Que No. 91 - 95)

Read the given passage and answer the questions that follow:

For most of its existence as a modern field of study since the 18th century, economics has fared reasonably well at explaining consumer and producer behavior. It explained why buyers choose the products they do, how firms produce them to maximize profit, and how markets discover the most efficient prices. This changed with the Great Depression, when aggregate variables came into play that needed a better understanding than an assumption that markets return to equilibrium after shocks. Thus came into existence macroeconomics, the most dismal aspect of the dismal science. Economics has since diversified into quite a few other branches, such as those employing statistics and psychology, but most of its disrepute originates from its failure to predict financial crises.

"Macro' by its very nature - dealing with GDP, employment, inflation and other important but soporific matters and parameters - is headline- grabbing stuff. Governments come into play here, as do international relations. Yet, macro eludes the scientific method of testing hypotheses with repeated experiments: one can't conceivably wreck an economy to establish the effects of a shock. Instead, macroeconomists can only back-test their models against data that may be of questionable provenance. This makes prediction of the next stock market crash forever embarrassingly less exact than the return of Halley's Comet

Microeconomics, the reputable part of the endeavor, suffers from fewer limitations to controlled parameter experiments and delivers less equivocal insights. The explosion of commerce in the modern world owes itself in no small measure to predicting actions by the smallest economic agents: humans. Here, too, heroic assumptions are made, the foremost being that human beings are rational and information is free. The crisis in economic modelling arises from aggregating billions of micro truths into one macro truth. Models are improving, so are quantitative capabilities, and the qualitative judgements that drive macro policy will become more refined.

Question:

Given below are two statements:

Statement I: Macroeconomists can only back-test their models against data that may be of questionable provenance.

Statement II: Macroeconomic variables elude the scientific method of testing hypotheses with repeated experiments.

In the light of the above statements, choose the most appropriate answer from the options given below:

94 / 100

94)

Comprehension:(Que No. 91 - 95)

Read the given passage and answer the questions that follow:

For most of its existence as a modern field of study since the 18th century, economics has fared reasonably well at explaining consumer and producer behavior. It explained why buyers choose the products they do, how firms produce them to maximize profit, and how markets discover the most efficient prices. This changed with the Great Depression, when aggregate variables came into play that needed a better understanding than an assumption that markets return to equilibrium after shocks. Thus came into existence macroeconomics, the most dismal aspect of the dismal science. Economics has since diversified into quite a few other branches, such as those employing statistics and psychology, but most of its disrepute originates from its failure to predict financial crises.

"Macro' by its very nature - dealing with GDP, employment, inflation and other important but soporific matters and parameters - is headline- grabbing stuff. Governments come into play here, as do international relations. Yet, macro eludes the scientific method of testing hypotheses with repeated experiments: one can't conceivably wreck an economy to establish the effects of a shock. Instead, macroeconomists can only back-test their models against data that may be of questionable provenance. This makes prediction of the next stock market crash forever embarrassingly less exact than the return of Halley's Comet

Microeconomics, the reputable part of the endeavor, suffers from fewer limitations to controlled parameter experiments and delivers less equivocal insights. The explosion of commerce in the modern world owes itself in no small measure to predicting actions by the smallest economic agents: humans. Here, too, heroic assumptions are made, the foremost being that human beings are rational and information is free. The crisis in economic modelling arises from aggregating billions of micro truths into one macro truth. Models are improving, so are quantitative capabilities, and the qualitative judgements that drive macro policy will become more refined.

Question:

Which of the following, as per the passage, are the major contribution of economics?

A. Buyers behavior towards the products

B. Firm's behaviors for maximising profit

C. Retailers behavior to maximize sale

D. Market behavior to the most efficient prices

E. Stakeholder's behaviors to maximise wealth

Choose the correct answer from the options given below:

95 / 100

95)

Comprehension:(Que No. 91 - 95)

Read the given passage and answer the questions that follow:

For most of its existence as a modern field of study since the 18th century, economics has fared reasonably well at explaining consumer and producer behavior. It explained why buyers choose the products they do, how firms produce them to maximize profit, and how markets discover the most efficient prices. This changed with the Great Depression, when aggregate variables came into play that needed a better understanding than an assumption that markets return to equilibrium after shocks. Thus came into existence macroeconomics, the most dismal aspect of the dismal science. Economics has since diversified into quite a few other branches, such as those employing statistics and psychology, but most of its disrepute originates from its failure to predict financial crises.

"Macro' by its very nature - dealing with GDP, employment, inflation and other important but soporific matters and parameters - is headline- grabbing stuff. Governments come into play here, as do international relations. Yet, macro eludes the scientific method of testing hypotheses with repeated experiments: one can't conceivably wreck an economy to establish the effects of a shock. Instead, macroeconomists can only back-test their models against data that may be of questionable provenance. This makes prediction of the next stock market crash forever embarrassingly less exact than the return of Halley's Comet

Microeconomics, the reputable part of the endeavor, suffers from fewer limitations to controlled parameter experiments and delivers less equivocal insights. The explosion of commerce in the modern world owes itself in no small measure to predicting actions by the smallest economic agents: humans. Here, too, heroic assumptions are made, the foremost being that human beings are rational and information is free. The crisis in economic modelling arises from aggregating billions of micro truths into one macro truth. Models are improving, so are quantitative capabilities, and the qualitative judgements that drive macro policy will become more refined.

Question:

Which one of the following is the reason, as per the given passage, for crises in economic modelling?

96 / 100

96)

Comprehension:(Que No. 96 - 100)

Read the given passage and answer the questions that follow.

Over $350 billion of private capital has been deployed over the last decade, which has propelled more than 5,000 enterprises. These new businesses are anchored in innovative business models combining the full potential of technology, facilitating every Indian to fulfil their aspirations.

The big shift in the last decade is the reimagination of India as an addressable market of 300 million households, a massive shift from only 20 million households in tier-1 cities earlier. This has been propelled by the strong partnership between entrepreneurs and the PE/VC ecosystem. The share of FDI funnelled into PE/VC has surged to 50-60%, up from 20-30% two decades back.

Besides the tremendous focus on value creation, the PE/VC industry has brought about multidimensional progress in the economy. The principles of responsible investing that this industry is committed to have enabled the building of a more equitable, inclusive economy, and one that has earned the trust of large global investors as an attractive investment destination.

The PE/VC ecosystem sparked a renaissance, empowering young minds to take a bold leap. This led to a change in mindset where entrepreneurship is now an accepted livelihood and, indeed, a proud way of life. Today, startups and new businesses are celebrated, and many are giving up established careers to follow their heart, with families standing as stalwart supporters of entrepreneurship. The proportionality of risk and reward has been embraced, forging a harmonious relationship between uncertainty and achievement.

Stories at home and those that went global are a testament to the power of partnerships between the capital provider and entrepreneurs, transforming a large democracy to be self-reliant, and elevating over a billion people to a new world of greater aspirations and confidence.

This revolution has been largely possible because of Gol's thrust towards attracting capital. The frameworks of alternative investment funds (AIFs), GIFT City IFSC, Startup India programme and budget allocations, coupled with progressive amendments such as GST and India Stack, have made India an attractive destination for investment.

Question:

According to the passage, which of the following is now being accepted as a way of life and livelihood?

97 / 100

97)

Comprehension:(Que No. 96 - 100)

Read the given passage and answer the questions that follow.

Over $350 billion of private capital has been deployed over the last decade, which has propelled more than 5,000 enterprises. These new businesses are anchored in innovative business models combining the full potential of technology, facilitating every Indian to fulfil their aspirations.

The big shift in the last decade is the reimagination of India as an addressable market of 300 million households, a massive shift from only 20 million households in tier-1 cities earlier. This has been propelled by the strong partnership between entrepreneurs and the PE/VC ecosystem. The share of FDI funnelled into PE/VC has surged to 50-60%, up from 20-30% two decades back.

Besides the tremendous focus on value creation, the PE/VC industry has brought about multidimensional progress in the economy. The principles of responsible investing that this industry is committed to have enabled the building of a more equitable, inclusive economy, and one that has earned the trust of large global investors as an attractive investment destination.

The PE/VC ecosystem sparked a renaissance, empowering young minds to take a bold leap. This led to a change in mindset where entrepreneurship is now an accepted livelihood and, indeed, a proud way of life. Today, startups and new businesses are celebrated, and many are giving up established careers to follow their heart, with families standing as stalwart supporters of entrepreneurship. The proportionality of risk and reward has been embraced, forging a harmonious relationship between uncertainty and achievement.

Stories at home and those that went global are a testament to the power of partnerships between the capital provider and entrepreneurs, transforming a large democracy to be self-reliant, and elevating over a billion people to a new world of greater aspirations and confidence.

This revolution has been largely possible because of Gol's thrust towards attracting capital. The frameworks of alternative investment funds (AIFs), GIFT City IFSC, Startup India programme and budget allocations, coupled with progressive amendments such as GST and India Stack, have made India an attractive destination for investment.

Question:

Which of following, according to the passage, have made India an attractive destination for investments?

A. Startup India program

B. Make in India program

C. Goods and Services Tax facilitation

D. Alternative Investment funds

E. Standup India program

Choose the most appropriate answer from the options given below:

98 / 100

98)

Comprehension:(Que No. 96 - 100)

Read the given passage and answer the questions that follow.

Over $350 billion of private capital has been deployed over the last decade, which has propelled more than 5,000 enterprises. These new businesses are anchored in innovative business models combining the full potential of technology, facilitating every Indian to fulfil their aspirations.

The big shift in the last decade is the reimagination of India as an addressable market of 300 million households, a massive shift from only 20 million households in tier-1 cities earlier. This has been propelled by the strong partnership between entrepreneurs and the PE/VC ecosystem. The share of FDI funnelled into PE/VC has surged to 50-60%, up from 20-30% two decades back.

Besides the tremendous focus on value creation, the PE/VC industry has brought about multidimensional progress in the economy. The principles of responsible investing that this industry is committed to have enabled the building of a more equitable, inclusive economy, and one that has earned the trust of large global investors as an attractive investment destination.

The PE/VC ecosystem sparked a renaissance, empowering young minds to take a bold leap. This led to a change in mindset where entrepreneurship is now an accepted livelihood and, indeed, a proud way of life. Today, startups and new businesses are celebrated, and many are giving up established careers to follow their heart, with families standing as stalwart supporters of entrepreneurship. The proportionality of risk and reward has been embraced, forging a harmonious relationship between uncertainty and achievement.

Stories at home and those that went global are a testament to the power of partnerships between the capital provider and entrepreneurs, transforming a large democracy to be self-reliant, and elevating over a billion people to a new world of greater aspirations and confidence.

This revolution has been largely possible because of Gol's thrust towards attracting capital. The frameworks of alternative investment funds (AIFs), GIFT City IFSC, Startup India programme and budget allocations, coupled with progressive amendments such as GST and India Stack, have made India an attractive destination for investment.

Question:

In the recent years, the focus of private equity and venture capital in India, has been on

99 / 100

99)

Comprehension:(Que No. 96 - 100)

Read the given passage and answer the questions that follow.

Over $350 billion of private capital has been deployed over the last decade, which has propelled more than 5,000 enterprises. These new businesses are anchored in innovative business models combining the full potential of technology, facilitating every Indian to fulfil their aspirations.

The big shift in the last decade is the reimagination of India as an addressable market of 300 million households, a massive shift from only 20 million households in tier-1 cities earlier. This has been propelled by the strong partnership between entrepreneurs and the PE/VC ecosystem. The share of FDI funnelled into PE/VC has surged to 50-60%, up from 20-30% two decades back.

Besides the tremendous focus on value creation, the PE/VC industry has brought about multidimensional progress in the economy. The principles of responsible investing that this industry is committed to have enabled the building of a more equitable, inclusive economy, and one that has earned the trust of large global investors as an attractive investment destination.

The PE/VC ecosystem sparked a renaissance, empowering young minds to take a bold leap. This led to a change in mindset where entrepreneurship is now an accepted livelihood and, indeed, a proud way of life. Today, startups and new businesses are celebrated, and many are giving up established careers to follow their heart, with families standing as stalwart supporters of entrepreneurship. The proportionality of risk and reward has been embraced, forging a harmonious relationship between uncertainty and achievement.

Stories at home and those that went global are a testament to the power of partnerships between the capital provider and entrepreneurs, transforming a large democracy to be self-reliant, and elevating over a billion people to a new world of greater aspirations and confidence.

This revolution has been largely possible because of Gol's thrust towards attracting capital. The frameworks of alternative investment funds (AIFs), GIFT City IFSC, Startup India programme and budget allocations, coupled with progressive amendments such as GST and India Stack, have made India an attractive destination for investment.

Question:

The principles of responsible investing to which private equity and venture capital industry is committed have resulted in which of the following outcomes for the Indian economy?

A. Democratic decentralization

B. Balanced regional growth

C. Inclusive and equitable economy

D. Larger export orientation

E. Earned the trust of global investors

Choose the correct answer form the options given below:

100 / 100

100)

Comprehension:(Que No. 96 - 100)

Read the given passage and answer the questions that follow.

Over $350 billion of private capital has been deployed over the last decade, which has propelled more than 5,000 enterprises. These new businesses are anchored in innovative business models combining the full potential of technology, facilitating every Indian to fulfil their aspirations.

The big shift in the last decade is the reimagination of India as an addressable market of 300 million households, a massive shift from only 20 million households in tier-1 cities earlier. This has been propelled by the strong partnership between entrepreneurs and the PE/VC ecosystem. The share of FDI funnelled into PE/VC has surged to 50-60%, up from 20-30% two decades back.

Besides the tremendous focus on value creation, the PE/VC industry has brought about multidimensional progress in the economy. The principles of responsible investing that this industry is committed to have enabled the building of a more equitable, inclusive economy, and one that has earned the trust of large global investors as an attractive investment destination.

The PE/VC ecosystem sparked a renaissance, empowering young minds to take a bold leap. This led to a change in mindset where entrepreneurship is now an accepted livelihood and, indeed, a proud way of life. Today, startups and new businesses are celebrated, and many are giving up established careers to follow their heart, with families standing as stalwart supporters of entrepreneurship. The proportionality of risk and reward has been embraced, forging a harmonious relationship between uncertainty and achievement.

Stories at home and those that went global are a testament to the power of partnerships between the capital provider and entrepreneurs, transforming a large democracy to be self-reliant, and elevating over a billion people to a new world of greater aspirations and confidence.

This revolution has been largely possible because of Gol's thrust towards attracting capital. The frameworks of alternative investment funds (AIFs), GIFT City IFSC, Startup India programme and budget allocations, coupled with progressive amendments such as GST and India Stack, have made India an attractive destination for investment.

Question:

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: The private equity and venture capital ecosystem has sparked a renaissance, empowering young minds to take a bold leap.

Reason R: Today, startups and new business are celebrated and many are given up their established careers to follow their heart, with families standing as stalwart supporters.

In the light of the above statements, choose the correct answer from the options given below.

Your score is

The average score is 5%

0%