Gujarat 2017 August Commerce – Paper II

  1. Privatization of ownership through sale of equity share is called:
    (a) Merger
    (b) Disinvestment
    (c) Contracting
    (d) None of the above
  2. The liability that is payable in more than a year and is not to liquidated form current assets’:
    (a) Current Liability
    (b) Fixed Liability
    (c) Contingent Liability
    (d) All of the above
  3. The kinked demand curve explains:
    (a) Price rigidity
    (b) Price Flexibility
    (c) Demand rigidity
    (d) Demand flexibility
  4. Which among the following is not sampling based on probability?
    (a) Random Sample
    (b) Strata Sample
    (c) Cluster Sample
    (d) Quota Sample
  5. Matrix organization is also known as:
    (a) Product Organisation
    (b) Process Organisation
    (c) Project Organisation
    (d) Functional Organisation
  6. Which of the following would be the best illustration of a subculture?
    (a) A religion
    (b) A group of close friends
    (c) Your University
    (d) Your Occupation
  7. ‘BOLT’ system in the Indian Securities market is related to:
    (a) National Stock Exchange
    (b) Bombay Stock Exchange
    (c) Over the counter stock exchange of India
    (d) Multicommodity Stock Exchange
  8. Providing employees with basic background information about the firm is:
    (a) Employee Orientation
    (b) Education
    (c) Colleges and Universities
    (d) Required by law
  9. ECGC stands for:
    (a) Export Credit Guarantee Company
    (b) Export Credit Guarantee Corporation Limited
    (c) Export Credit Guarantee Company Limited
    (d) Export Credit Guarantee Corporation
  10. The Reserve Bank of India (RBI) came into existence legally as on:
    (a) 1st April, 1935
    (b) 1st April, 1927
    (c) 1st April, 1947
    (d) 1st April, 1949
  11. The concept of Management by Objectives was developed by:
    (a) Drucker
    (b) McGregor
    (c) Simon
    (d) Elton Mayo
  12. Which of the following is referred to as a predecessor to WTO?
    (a) GATT
    (b) IMF
    (c) OPEC
    (d) World Bank
  13. Capital structure designing has nothing to do with:
    (a) Profitability
    (b) Flexibility
    (c) Corporate governance
    (d) Liquidity
  14. Patents, Copyrights Trademarks are:
    (a) Current Asset
    (b) Fixed Asset
    (c) Intangible Asset
    (d) Investment
  15. By which act government checks restrictive trade?
    (a) Industrial policy Act, 1991
    (b) MRTP Act
    (c) FEMA Act
    (d) None of the above
  16. Which one among the following is a relative measure of dispersion?
    (a) Mean deviation
    (b) Range
    (c) Coefficient of variation
    (d) Standard deviation
  17. Who invented Double Entry system?
    (a) F.W. Taylor
    (b) Henry Fayol
    (c) Luca Pacioli
    (d) Maslow A.H.
  18. The business buyer has to make the fewest decision when involved in a:
    (a) Modified rebuy
    (b) Regular buy
    (c) Straight rebuy
    (d) New task
  19. A joint stock company is managed by the Board of Directors elected by:
    (a) Top Management
    (b) Shareholders
    (c) Employees of Company
    (d) None of the above
  20. Convertible bond is:
    (a) Debt + Warrant
    (b) Debt + Cash
    (c) Debt + Share
    (d) None of the above
  21. An agreement which contains two contracts to buy and sell is called:
    (a) Buyback
    (b) Escrow
    (c) Switch Trading
    (d) Contract Manufacturing
  22. For the purpose of preparation of fund flow statement, fund mean:
    (a) Total resource
    (b) Cash/Bank balance
    (c) Current assets
    (d) Working capital
  23. Copy testing is also known as:
    (a) Pre – testing
    (b) Copy writing
    (c) Concurrent testing
    (d) Preview
  24. Which one of the following will not after the working capital?
    (a) Sale of plant and machinery in cash
    (b) Realization of cash from debtors
    (c) Issue of equity shares
    (d) Redemption of debentures
  25. The managerial grid model of leadership was developed by:
    (a) Fiedler
    (b) Hersey and Blanchard
    (c) Tannenbaum and Schmidt
    (d) Blake and Mouton
  26. Horizontal job rotation refers to:
    (a) Lateral transfer
    (b) Lateral promotion
    (c) Lateral motivation
    (d) All of the above
  27. A line graph indicates:
    (a) Comparison
    (b) Variation
    (c) Range
    (d) All of the above
  28. The term group equilibrium is related to:
    (a) Monopolistic competition
    (b) Oligopoly
    (c) Duopoly
    (d) Perfect competition
  29. …………. Is simply the use of Electronic means to transfer funds directly than by cheque or cash.
    (a) M-Banking
    (b) O-Banking
    (c) E-Banking
    (d) D-Banking
  30. The Industrial Employment (Standing Orders) Act was enacted in:
    (a) 1950
    (b) 1946
    (c) 1947
    (d) 1960
  31. In ABC Analysis, ‘A’ stands:
    (a) High price’s goods
    (b) Lower quality goods
    (c) High volume goods
    (d) More quality goods
  32. Break-even means:
    (a) Costs are more than the reserve
    (b) Revenue and cost are capital
    (c) Revenue is more than cost
    (d) None of the above
  33. FEMA signifies:
    (a) Free Export Management Act
    (b) Foreign Exchange Management Act
    (c) Foreign Exchange Monitoring Act
    (d) Free Export Marketing Act
  34. ……… are set of interdependent organization participating in the process of making a product or service available for use or consumption.
    (a) Marketing channels
    (b) Marketing terrains
    (c) Communication channel
    (d) Sales territories
  35. Which among the following is not the instrument of monetary policy?
    (a) Deficit financing
    (b) Statutory liquidity ratio
    (c) Cash reserve ratio
    (d) Open market operation policy
  36. A reciprocal licensing agreement in which intangible property is transferred between two parties is known as:
    (a) Non- exclusive license
    (b) Cross – license
    (c) Exclusive license
    (d) Transfer of license
  37. The appropriate ratio for indicating liquidity crisis is:
    (a) Operating Ratio
    (b) Sales Turnover Ratio
    (c) Current Ratio
    (d) Acid Test Ratio
  38. Imperfect competition was introduced by:
    (a) Marshall
    (b) Chamberlin
    (c) Keynes
    (d) Adam Smith
  39. An example of fixed Assets is:
    (a) Live Stock
    (b) Value Stock
    (c) Income Stock
    (d) All of the above
  40. Human Resource audit summarize each employee’s skill and:
    (a) Abilities
    (b) Property
    (c) Evidence
    (d) Life
  41. Value of Pearson correlation coefficient is between……….
    (a) 0 to 1
    (b) 0 to -1
    (c) -1 to +1
    (d) -∞ to +∞
  42. Which among the following is an example of Trade Promotion ?
    (a) Coupons
    (b) Samples
    (c) Push Money
    (d) None of the above
  43. Basically there are……… parties to a bill of exchange.
    (a) Four
    (b) Two
    (c) One
    (d) Three
  44. Hawthorne experiment was conducted by:
    (a) Elton Mayo
    (b) Henry Fayol
    (c) F.W. Taylor
    (d) P.F. Drucker
  45. An indifference curve is always:
    (a) Vertical straight line
    (b) Convex to the origin
    (c) Concave to the origin
    (d) Horizontal straight line
  46. t-test is a……..
    (a) Parametric Test
    (b) Non-Parametric Test
    (c) Large Sample Test
    (d) None of the above
  47. The Cadbury Committee on Corporate Governance was set up in:
    (a) May 1992
    (b) May 1991
    (c) May 1990
    (d) May 1993
  48. All the following curves are U-shaped except:
    (a) Average Variable Cost Curve
    (b) Average Fix Cost Curve
    (c) Average Cost Curve
    (d) Marginal Cost Curve
  49. Equity Theory of work motivation has been developed by:
    (a) J.Stacey Adams
    (b) J. Arun Kaul
    (c) R. Thesis
    (d) Dr. L.N. Koli
  50. Which one is not an element of internal environment?
    (a) Marketing capabilities
    (b) Operational capabilities
    (c) Money and capital capabilities
    (d) Personal capabilities

    Answer Key

    1 (b) 2 (b) 3 (a) 4 (d) 5 (c) 6 (a) 7 (b) 8 (a) 9 (d) 10 (a) 11 (a) 12 (a) 13 (c) 14 (c) 15 (b) 16 (c) 17 (c) 18 (c) 19 (b) 20 (c) 21 (a) 22 (d) 23 (a) 24 (b) 25 (d) 26 (a) 27 (d) 28 (a) 29 (c) 30 (b) 31 (a) 32 (b) 33 (b) 34 (a) 35 (a) 36 (b) 37 (d) 38 (b) 39 (a) 40 (a) 41 (c) 42 (c) 43 (d) 44 (a) 45 (b) 46 (a) 47 (b) 48 (b) 49 (a) 50 (c)