UGC NET COMMERCE – MIXED MCQ TEST SET-A
A balanced mix covering: Business Environment, Accounting, Finance, HRM, Marketing, Economics, Statistics, and Teaching & Research Aptitude.
1. Which one of the following is NOT a feature of the perfect competition market?
a) Homogeneous products
b) Free entry and exit
c) Price maker
d) Perfect knowledge
Correct Answer
Wrong Answer
2. The matching concept in accounting relates to:
a) Matching assets with liabilities
b) Matching cost with revenue
c) Matching owners’ equity with liabilities
d) Matching expenses with capital
Correct Answer
Wrong Answer
3. In CAPM, the risk measured is:
a) Total risk
b) Systematic risk
c) Unsystematic risk
d) Market share
Correct Answer
Wrong Answer
4. The concept of ‘Span of Control’ was introduced by:
a) Henri Fayol
b) F.W. Taylor
c) V.A. Graicunas
d) Elton Mayo
Correct Answer
Wrong Answer
5. In marketing, AIDA stands for:
a) Attention–Interest–Desire–Action
b) Awareness–Interest–Demand–Action
c) Action–Interest–Desire–Awareness
d) Attention–Information–Desire–Action
Correct Answer
Wrong Answer
6. The Phillips Curve shows a relationship between:
a) Inflation and unemployment
b) Inflation and GDP
c) GDP and interest rate
d) Tax and consumption
Correct Answer
Wrong Answer
7. A hypothesis that states “there is no relationship between variables” is known as:
a) Research hypothesis
b) Complex hypothesis
c) Null hypothesis
d) Associative hypothesis
Correct Answer
Wrong Answer
8. FIFO method assumes that:
a) Latest goods are sold first
b) Earliest goods are sold first
c) Goods purchased last are used first
d) None of the above
Correct Answer
Wrong Answer
9. Which is NOT a type of foreign exchange exposure?
a) Transaction exposure
b) Translation exposure
c) Economic exposure
d) Tax exposure
Correct Answer
Wrong Answer
10. Which of the following is part of M1 money supply?
a) Currency + Demand deposits
b) Currency + Time deposits
c) Treasury bills + Time deposits
d) Only time deposits
Correct Answer
Wrong Answer
11. The break-even point occurs when:
a) TR = TC
b) TR > TC
c) TR < TC
d) Variable cost = Fixed cost
Correct Answer
Wrong Answer
12. When a seller charges different prices to different customers for the same product, it is called:
a) Penetration pricing
b) Price discrimination
c) Skimming pricing
d) Psychological pricing
Correct Answer
Wrong Answer
13. The human relations movement in management was led by:
a) Henry Fayol
b) Abraham Maslow
c) Elton Mayo
d) Peter Drucker
Correct Answer
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14. A device used to display frequency distribution is:
a) Histogram
b) Scatter diagram
c) Line chart
d) Pie chart
Correct Answer
Wrong Answer
15. A company issues bonus shares out of:
a) Cash reserves
b) Capital reserves
c) General reserves
d) Free reserves
Correct Answer
Wrong Answer
16. ‘Make or Buy’ decision is related to:
a) HRM
b) Production Management
c) Accounting
d) Marketing
Correct Answer
Wrong Answer
17. Present value of future cash flows is used in:
a) Payback period
b) ARR
c) NPV
d) Accounting income
Correct Answer
Wrong Answer
18. The formula for Karl Pearson’s coefficient of correlation is:
a) Cov(X,Y)/σx
b) Cov(X,Y)/(σx * σy)
c) X̄ – Ȳ
d) Σd²/N
Correct Answer
Wrong Answer
19. Collective bargaining is primarily between:
a) Employer and Government
b) Employer and Trade Union
c) Supplier and Manufacturer
d) Exporter and Importer
Correct Answer
Wrong Answer
20. “Demand creates its own supply” is stated by:
a) Keynes
b) Marshall
c) Say
d) Hicks
Correct Answer
Wrong Answer
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