COMMERCE

Paper – II
PAPER-II Note : This paper contains fifty (50) objective type questions of two (2) marks each. All
COMMERCE questions are compulsory.
Signature and Name of Invigilator 1. There is acute shortage of electricity 4. Match the items/terms given in List-I
1. (Signature) __________________________ OMR Sheet No. : ............................................... in some of the states in India. This with those given in and List-II.
(To be filled by the Candidate) reflects a problem in which type of List – I List – II
(Name) ____________________________
Roll No. business environment ?
2. (Signature) __________________________ (A) Economic (a) BIS (i) Print Media
(Name) ____________________________ (In figures as per admission card) (b) CERC (ii) Minimum
(B) Demographic
Roll No.________________________________ (C) Politico-legal support price for
J 08 1 4 (In words)
(D) Socio-cultural agricultural
products.
Time : 1 1/4 hours] [Maximum Marks : 100
Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50 2. Match the items given in List-I and (c) CACP (iii) Quality of
List-II. manufactured
Instructions for the Candidates ¯Ö¸üßõÖÖÙ£ÖµÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
1. Write your roll number in the space provided on the top of 1. ‡ÃÖ ¯Öéšü Ûêú ‰ú¯Ö¸ü ×®ÖµÖŸÖ Ã£ÖÖ®Ö ¯Ö¸ü †¯Ö®ÖÖ ¸üÖê»Ö ®Ö´²Ö¸ü ×»Ö×ÜÖ‹ … List – I List – II products.
this page. 2. ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ ²ÖÆãü×¾ÖÛú»¯ÖßµÖ ¯ÖÏ¿®Ö Æïü … (a) Economic (i) IT-enabled (d) PCI (iv) Comparative
2. This paper consists of fifty multiple-choice type of questions. 3. ¯Ö¸üßõÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê®Öê ¯Ö¸ü, ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ †Ö¯ÖÛúÖê ¤êü ¤üß •ÖÖµÖêÝÖß … ¯ÖÆü»Öê
3. At the commencement of examination, the question booklet ¯ÖÖÑ“Ö ×´Ö®Ö™ü †Ö¯ÖÛúÖê ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê ŸÖ£ÖÖ ˆÃÖÛúß ×®Ö´®Ö×»Ö×ÜÖŸÖ liberalisation services product testing.
will be given to you. In the first 5 minutes, you are requested •ÖÖÑ“Ö Ûêú ×»Ö‹ פüµÖê •ÖÖµÖëÝÖê, וÖÃÖÛúß •ÖÖÑ“Ö †Ö¯ÖÛúÖê †¾Ö¿µÖ Ûú¸ü®Öß Æîü : (b) Out sourcing (ii) SFIO Indicate the correct answer :
to open the booklet and compulsorily examine it as below : (i) ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê Ûêú ×»Ö‹ ˆÃÖÛêú Ûú¾Ö¸ü ¯Öê•Ö ¯Ö¸ü »ÖÝÖß ÛúÖÝÖ•Ö
(i) To have access to the Question Booklet, tear off the Ûúß ÃÖᯙ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ Ûúß (c) Corporate (iii) Macro Codes :
paper seal on the edge of this cover page. Do not accept ¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü … frauds economic
a booklet without sticker-seal and do not accept an open (ii) Ûú¾Ö¸ü ¯Öéšü ¯Ö¸ü ”û¯Öê ×®Ö¤ìü¿ÖÖ®ÖãÃÖÖ¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ Ûêú ¯Öéšü ŸÖ£ÖÖ (a) (b) (c) (d)
booklet. ¯ÖÏ¿®ÖÖë Ûúß ÃÖÓܵÖÖ ÛúÖê †“”ûß ŸÖ¸üÆü “ÖîÛú Ûú¸ü »Öë ×Ûú µÖê ¯Öæ¸êü stability
(d) Second (iv) Increased (A) (iv) (iii) (ii) (i)
(ii) Tally the number of pages and number of questions Æïü … ¤üÖÂê Ö¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ ×•Ö®Ö´Öë ¯Öéšü/¯ÖÏ¿®Ö Ûú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ †Ö
in the booklet with the information printed on the ÝÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö ´Öë ®Ö ÆüÖë †£ÖÖÔŸÖË ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü Ûúß generation competition (B) (i) (ii) (iii) (iv)
cover page. Faulty booklets due to pages/questions ¡Öã×™ü¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü ŸÖ£ÖÖ ˆÃÖß ÃÖ´ÖµÖ ˆÃÖê
missing or duplicate or not in serial order or any »ÖÖî™üÖÛú¸ü ˆÃÖÛêú ãÖÖ®Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ »Öê »Öë … reforms (C) (iii) (iv) (ii) (i)
other discrepancy should be got replaced immediately ‡ÃÖÛêú ×»Ö‹ †Ö¯ÖÛúÖê ¯ÖÖÑ“Ö ×´Ö®Ö™ü פüµÖê •ÖÖµÖëÝÖê … ˆÃÖÛêú ²ÖÖ¤ü ®Ö Indicate the correct combination : (D) (ii) (iii) (iv) (i)
by a correct booklet from the invigilator within the ŸÖÖê †Ö¯ÖÛúß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ¾ÖÖ¯ÖÃÖ »Öß •ÖÖµÖêÝÖß †Öî¸ü ®Ö Æüß †Ö¯ÖÛúÖê
period of 5 minutes. Afterwards, neither the Question †×ŸÖ׸üŒŸÖ ÃÖ´ÖµÖ ×¤üµÖÖ •ÖÖµÖêÝÖÖ … Codes :
Booklet will be replaced nor any extra time will be 5. Which one among the following is
(iii) ‡ÃÖ •ÖÖÑ“Ö Ûêú ²ÖÖ¤ü OMR ¯Ö¡ÖÛú Ûúß ÛÎú´Ö ÃÖÓܵÖÖ ‡ÃÖ ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ (a) (b) (c) (d)
given. ¯Ö¸ü †Ó×ÛúŸÖ Ûú¸ü ¤ëü … not the salient feature of industrial
(iii) After this verification is over, the OMR Sheet Number 4. ¯ÖÏŸµÖêÛú ¯ÖÏ¿®Ö Ûêú ×»Ö‹ “ÖÖ¸ü ˆ¢Ö¸ü ×¾ÖÛú»¯Ö (A), (B), (C) ŸÖ£ÖÖ (D) פüµÖê (A) (i) (ii) (iii) (iv)
should be entered on this Test Booklet. policy since 1991 ?
4. Each item has four alternative responses marked (A), (B), (C)
ÝÖµÖê Æïü … †Ö¯ÖÛúÖê ÃÖÆüß ˆ¢Ö¸ü Ûêú ¾Öé¢Ö ÛúÖê ¯Öê®Ö ÃÖê ³Ö¸üÛú¸ü ÛúÖ»ÖÖ Ûú¸ü®ÖÖ Æîü (B) (i) (iii) (ii) (iv)
•ÖîÃÖÖ ×Ûú ®Öß“Öê פüÜÖÖµÖÖ ÝÖµÖÖ Æîü … (C) (ii) (iii) (iv) (i) (A) Enormous expansion of the
and (D). You have to darken the circle as indicated below on
the correct response against each item. ˆ¤üÖÆü¸üÞÖ : private sector.
•Ö²Ö×Ûúú(C) ÃÖÆüß ˆ¢Ö¸ü Æîü … (D) (iv) (i) (ii) (iii)
Example : (B) Redefining the role of public
where (C) is the correct response. 5. ¯ÖÏ¿®ÖÖë Ûêú ˆ¢Ö¸ü Ûêú¾Ö»Ö ¯ÖÏ¿®Ö ¯Ö¡Ö I Ûêú †®¤ü¸ü פüµÖê ÝÖµÖê OMR ¯Ö¡ÖÛú ¯Ö¸ü Æüß
5. Your responses to the items are to be indicated in the OMR †Ó×ÛúŸÖ Ûú¸ü®Öê Æïü … µÖפü †Ö¯Ö OMR ¯Ö¡ÖÛú ¯Ö¸ü פüµÖê ÝÖµÖê ¾Öé¢Ö Ûêú †»ÖÖ¾ÖÖ 3. Which of the following is true ? sector.
Sheet given inside the Paper I Booklet only. If you mark ×ÛúÃÖß †®µÖ ãÖÖ®Ö ¯Ö¸ü ˆ¢Ö¸ü דÖÅ®ÖÖÓ×ÛúŸÖ Ûú¸üŸÖê Æïü, ŸÖÖê ˆÃÖÛúÖ ´Ö滵ÖÖÓÛú®Ö (C) Limited exposure of Indian
at any place other than in the circle in the OMR Sheet, it will ®ÖÆüà ÆüÖêÝÖÖ … (A) A consumer court setup under
not be evaluated. 6. †®¤ü¸ü פüµÖê ÝÖµÖê ×®Ö¤ìü¿ÖÖë ÛúÖê ¬µÖÖ®Ö¯Öæ¾ÖÔÛú ¯ÖœÌëü … the Consumer Protection Act, industry to foreign competition.
6. Read instructions given inside carefully. 7. Ûú““ÖÖ ÛúÖ´Ö (Rough Work) ‡ÃÖ ¯Öã×ßÖÛúÖ Ûêú †×®ŸÖ´Ö ¯Öéšü ¯Ö¸ü Ûú¸ëü … (D) Pruning of the list of items
7. Rough Work is to be done in the end of this booklet. 8. µÖפü †Ö¯Ö OMR ¯Ö¡ÖÛú ¯Ö¸ü ×®ÖµÖŸÖ Ã£ÖÖ®Ö Ûêú †»ÖÖ¾ÖÖ †¯Ö®ÖÖ ®ÖÖ´Ö, ¸üÖê»Ö does not have the power to
8. If you write your Name, Roll Number, Phone Number or put ®Ö´²Ö¸ü, ±úÖê®Ö ®Ö´²Ö¸ü µÖÖ ÛúÖê‡Ô ³Öß ‹êÃÖÖ ×“ÖÅ®Ö ×•ÖÃÖÃÖê †Ö¯ÖÛúß ¯ÖÆü“ÖÖ®Ö ÆüÖê punish for its contempt. reserved for SSI units.
any mark on any part of the OMR Sheet, except for the space ÃÖÛêú, †Ó×ÛúŸÖ Ûú¸üŸÖê Æïü †£Ö¾ÖÖ †³Ö¦ü ³ÖÖÂÖÖ ÛúÖ ¯ÖϵÖÖêÝÖ Ûú¸üŸÖê Æïü, µÖÖ ÛúÖê‡Ô
allotted for the relevant entries, which may disclose your †®µÖ †®Öã×“ÖŸÖ ÃÖÖ¬Ö®Ö ÛúÖ ¯ÖϵÖÖêÝÖ Ûú¸üŸÖê Æïü, •ÖîÃÖê ×Ûú †Ó×ÛúŸÖ ×ÛúµÖê ÝÖµÖê (B) Professional services are 6. A, a partner in a firm, is drawing
identity, or use abusive language or employ any other unfair ˆ¢Ö¸ü ÛúÖê ×´Ö™üÖ®ÖÖ µÖÖ ÃÖ±êú¤ü õÖÖÆüß ÃÖê ²Ö¤ü»Ö®ÖÖ ŸÖÖê ¯Ö¸üßõÖÖ Ûêú ×»ÖµÖê outside the purview of the
means such as change of response by scratching or using †µÖÖêÝµÖ ‘ÖÖê×ÂÖŸÖ ×ÛúµÖê •ÖÖ ÃÖÛúŸÖê Æïü … 500 regularly on the 16th of every
white fluid, you will render yourself liable to disqualification.
9. †Ö¯ÖÛúÖê ¯Ö¸üßõÖÖ ÃÖ´ÖÖ¯ŸÖ ÆüÖê®Öê ¯Ö¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ‹¾ÖÓ ´Öæ»Ö OMR ¯Ö¡ÖÛú CPA. month. He will have to pay interest at
9. You have to return the test question booklet and Original
OMR Sheet to the invigilators at the end of the examination ×®Ö¸üßõÖÛú ´ÖÆüÖê¤üµÖ ÛúÖê »ÖÖî™üÖ®ÖÖ †Ö¾Ö¿µÖÛú Æîü †Öî¸ü ¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ Ûêú ²ÖÖ¤ü (C) A consumer court cannot force the given rate in a year on 6000 for
compulsorily and must not carry it with you outside the ˆÃÖê †¯Ö®Öê ÃÖÖ£Ö ¯Ö¸üßõÖÖ ³Ö¾Ö®Ö ÃÖê ²ÖÖÆü¸ü ®Ö »ÖêÛú¸ü •ÖÖµÖë … ÆüÖ»ÖÖÓ×Ûú †Ö¯Ö a person indulging in
Examination Hall. You are, however, allowed to carry original ¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ ¯Ö¸ü ´Öæ»Ö ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ŸÖ£ÖÖ OMR ¯Ö¡ÖÛú Ûúß ›ãü¯»ÖßÛêú™ü the total period of
question booklet and duplicate copy of OMR Sheet on ¯ÖÏ×ŸÖ †¯Ö®Öê ÃÖÖ£Ö »Öê •ÖÖ ÃÖÛúŸÖê Æïü … misleading advertising to
conclusion of examination. 10. Ûêú¾Ö»Ö ®Öß»Öê/ÛúÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ‡Õ™ü ¯Öê®Ö ÛúÖ Æüß ‡ÃŸÖê´ÖÖ»Ö Ûú¸ëü … confess his quit. (A) 5 months (B) 6 months
10. Use only Blue/Black Ball point pen. 11. ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü ÛúÖ ÃÖÓÝÖÞÖÛú (Ûîú»ÖÛãú»Öê™ü¸ü) µÖÖ »ÖÖÝÖ ™êü²Ö»Ö †Öפü ÛúÖ (D) None of the above. (C) 7 months (D) 12 months
11. Use of any calculator or log table etc., is prohibited. ¯ÖϵÖÖêÝÖ ¾ÖÙ•ÖŸÖ Æîü …
12. There is no negative marks for incorrect answers. 12. ÝÖ»ÖŸÖ ˆ¢Ö¸üÖë Ûêú ×»Ö‹ ÛúÖê‡Ô ®ÖÛúÖ¸üÖŸ´ÖÛú †ÓÛú ®ÖÆüà Æïü …
13. In case of any discrepancy in the English and Hindi versions, 13. µÖפü †ÓÝÖÏê•Öß µÖÖ ØÆü¤üß ×¾Ö¾Ö¸üÞÖ ´Öë ÛúÖê‡Ô ×¾ÖÃÖÓÝÖ×ŸÖ ÆüÖê, ŸÖÖê †ÓÝÖÏê•Öß ×¾Ö¾Ö¸üÞÖ Paper-II 2 J-08-14
English version will be taken as final. †Ó×ŸÖ´Ö ´ÖÖ®ÖÖ •ÖÖ‹ÝÖÖ …
J-08-14 1 P.T.O.
 7. Subsequent expenditures that extend 11. Which one of the following does not
– II the useful life, improve the quality of explain the basic nature of Business
output, or reduce operating costs of economics ?
: (50) (2) an existing asset beyond their (A) Behaviour of firms in theory
originally estimated levels are and practice.
1. 4. *+ – I *+ – II $ : (A) Capital expenditures (B) Distribution theories like rent,
(B) Revenue expenditures wages and interest along with
–I – II (C) Deferred Revenue expenditures the theory of profit.
! (D) None of the above (C) Use of the tools of economic
(A) " #$ (a) BIS (i) D 6 analysis in clarifying problems
(B) %& (b) CERC (ii) )7 %( , - 8. Marginal-costing technique is useful
in organising and evaluating
(C) % ' ( % *% for
information and in comparing
alternative courses of action.
(D) ' & ) (c) CACP (iii) % # , - 4 < (A) Make or Buy decisions
(D) Integration of economic theory
(B) Profit planning with business practices for the
(d) PCI (iv) % , - / (C) Shut-down decisions purpose of facilitating decision-
2. *+ – I *+ – II $ : ,< : (D) All of the above making.
–I – II
:
(a) " #$ (i) " . . / 9. Which one is not a feature of 12. At a point of satiety for a commodity
,- 01 (a) (b) (c) (d) budgetary control ? the marginal utility is
(b) " 2 ' 3 4 (ii) SFIO (A) (iv) (iii) (ii) (i) (A) A tool for management control. (A) Negative
(B) An instrument of delegation (B) Positive
(c) (iii) 7 " #$ (B) (i) (ii) (iii) (iv)
and authority. (C) Zero
( 5 (6 $ (C) (iii) (iv) (ii) (i)
(C) An instrument for evaluating (D) Highly positive
(d) 8 9: ( (iv) #; ( (D) (ii) (iii) (iv) (i) the overall performance. 13. A rectangular hyperbola shaped
,< 0= (D) A statement of budget and demand curve on all its points has
: 5. 7 1991 " 4 % 5 forecasts. (A) Equal slopes and equal point
(a) (b) (c) (d)
@7 % % ? ? elasticities.
10. The Debt-Equity Ratio of a company (B) Unequal slopes and unequal
(A) (i) (ii) (iii) (iv) (A) % / A
is 2 : 1. In this relation, match the point elasticities.
(B) (i) (iii) (ii) (iv) (B) % /A * %= 5 following : (C) Unequal slopes and equal point
(C) (ii) (iii) (iv) (i) List – I List – II elasticities.
(C) , 4 -@ 4 (D) Equal slopes and unequal point
(a) Issue of equity 1. No change
(D) (iv) (i) (ii) (iii) EF GH % shares on the ratio elasticities.
(D) SSI " / - (b) Cash received 2. Reduce the
14. Assertion (A) : A perfectly
3. % % 5 % ? *+ I1J from debtors ratio
competitive firm is not a price-
(A) , > & / "( % "% 4 (c) Redemption of 3. No change maker but is a price-taker.
$ , > " % " %% 6. K 0
L- M A % EF debentures on the ratio Reason (R) : The firm is interested
-& 6 % ? - 16 $ 500/- (d) Purchased 4. Reduce the in deciding the level of output
goods on credit ratio
(B) @ 01 CPA % , % " ( only.
Codes : Codes :
/A B 7 6000/- 0 - 4 - (a) (b) (c) (d)
-% 4 ! (A) Both (A) and (R) are true.
(C) , > % C % -% (A) 1 2 3 4 (B) Both (A) and (R) are false.
> " % -7 %% (A) 5 % (B) 6 % (B) 2 3 4 1 (C) (A) is false, while (R) is true.
( % ? (C) 1 3 4 2 (D) (A) is true, but (R) is not a
(C) 7 % (D) 12 %
(D) , > % ? (D) 2 4 1 3 correct explanation of (A).
J-08-14 3 Paper-II Paper-II 4 J-08-14
7. ,< < N M % < * 11. % % 5 % 15. Match the items of List-I with the 18. If the dependent variable increases as
EF "% % + % 4 "$ @ A * * ) 5 % ? items of List-II. the independent variable increases in
B M , -% 4 < ! List – I List – II an estimating equation, the
( M , 4 % ( (A) ;% 0 & K P (a) A market I. Skimming
coefficient of correlation will be in
BM > B ? having high pricing the range

(A) *1 4 (B) ;% $' $ price elasticity. (A) 0 to (–) 1

;% 4 % M -* " (b) A market having II. Differential (B) 0 to (–) 0
(B) "4 (C) *+ % &4 Q 0 & , * & % high price pricing (C) 0 to (–) 0.05
(C) " $ 4 "4 % " inelasticity
(D) , > % ? 4P % % " (D) 0 to 1
7 % " #$ @ 7 (c) A market having III. Penetrating
, , 4 several segments pricing 19. Assertion (A) : When there is an
8. % ' 4 %( % differing
, 4 ! (D) % % %% prominently with
evidence of a linear
$ " #$ relationship between two
(A) % % % ;% % regard to price variables, it may not always
(B) '% % elasticities of mean an independent-
(C) ' &- % 12. & ) %- % their demand. dependent relationship between
(D) , > , 4 Codes : the two variables.
(A) O I II III Reason (R) : The causal relationship
9. % % %A @7 % % 5 (B) (% (A) (b), (c), (a) between the two variables may
> % ? ! (B) (a), (b), (c) not imply a reasonable
(C) @ *% theoretical relationship between
(A) %( % %A , (C) (b), (a), (c)
(B) % 0 & < , (D) " ( ( % the two.
(D) (a), (c), (b)
(C) 4 % 7 -% * & % Choose the right answer from the
, 13. " " " 14 following statements :
(D) 0 & * % % %-" % % 5 : 16. Which one of the following options
Codes :
deals with the process of making
(A) 0 %9 %0& % %- + estimates, predictions and decisions ? (A) Both (A) and (R) are true and
10. % O ' > "% 2 : 1 (B) " % 9 % 0 &" % %- + (A) Descriptive statistics
(R) is the correct explanation.
%( % % 5 % : (C) " %9 % 0 &0 % %- + (B) Both (A) and (R) are true, but
(B) Inferential statistics
–I – II (R) is not the correct
(a) > "&@ 1. "% (D) 0 %9 % 0 &" % %- + (C) Probability theory explanation.
%4 % % % ? (D) None of the above
14. (A) : * ( K (C) (A) is true, but (R) is false.
(b) O - " 2. "% %
% - '%( % ? % –
17. A hypothesis test is being performed
(D) (A) is false, but (R) is true.

(c) O - " 3. "% 4 for a process in which a Type-I error 20. Assertion (A) : User interface is
%= % % ? (R) :K , -% will be very costly, but a Type-II most critical task in DSS
(d) 6 01 4. "% % K % GH + 5 error will be relatively inexpensive design
5 -% : and unimportant. Which of the
Reason (R) : DSS is used by outside
: following would be the best choice
(A) (A) " (R) - % B for alpha (α) in this test ? Customers frequently.
(a) (b) (c) (d)
(B) (A) " (R) - % " B (A) 0.10 (A) (A) is correct, but (R) is wrong.
(A) 1 2 3 4
(C) (A) " M (R) (B) 0.05 (B) Both (A) and (R) are wrong.
(B) 2 3 4 1
(C) 1 3 4 2 (D) (A) M % (R), (A) (C) 0.01 (C) (A) is wrong, but (R) is correct.
(D) 2 4 1 3 5 % ? (D) 0.50 (D) Both (A) and (R) are correct.
J-08-14 5 Paper-II Paper-II 6 J-08-14
15. *+ – I - *+ – II - $ 18. " M %A + ); 21. Which of the following is not true 25. Taylor’s differential piece work plan
= $ "T + ); M about Matrix Organisation ? provides that
(A) It is relatively permanent. (A) All labourers should be assigned
–I – II %( 4 & 4 :
(B) Its project managers authority different amount of work.
(a) ,++ + I. D 4 (A) 0 (–) 1 (B) 0 (–) 0 is distributed reasonably. (B) All labourers should be put in
%( (C) There is slow information different time-period.
(b) ,++ + II. -% (C) 0 (–) 0.05 (D) 0 1 processing. (C) Those who produce above
%( (D) Its project heads have to share standard should receive higher
(c) 5 6 III. "& R@ resources with functional heads. wages than those producing
19. - +
(A) : + 5 below standard.
1 5 &6 M %(
" % 14 %%( M 22. Consider the following leadership styles :
(D) Payment should be the same on
"$ @ - + + %A ' 1. Telling 2. Autocratic a fixed standard.
+ 3. Selling 4. Motivating
%( < * "T %( % % ?
5. Participating 6. Delegating 26. Which one of the following stages of
EF %% (R) :- + + the marketing research process is
7. Charismatic
: %( - % + > > Select the four styles of leadership most expensive ?
I II III ;% %( @ - % ? explained by Hersey and Blauchard. (A) Data analysis
(A) (b), (c), (a) (A) 1, 2, 6 and 7 (B) 2, 3, 4 and 5 (B) Data collection
%+ - $% ,< + % = (C) 1, 3, 5 and 6 (D) 4, 5, 6 and 7 (C) Developing the research plan
(B) (a), (b), (c)
(C) (b), (a), (c) : (D) Report writing
23. Given below are two statements, one
(D) (a), (c), (b) (A) (A) " (R) - % MB " (R) labelled as Assertion (A), and the 27. The people to adopt a new product
5 other labelled as Reason (R). first are called
16. "% % M 7 0 & % % (B) (A) " (R) - % B M % (R) Assertion (A) : Classical (A) Early adopters
% % 5 % & &( organisations believed in the (B) First users
5 % ? use of authority to achieve
5 ! (C) Initial adopters
(C) (A) M % (R) " coordination.
(A) &5 (D) Innovators
Reason (R) : Classical thinkers
(B) "% % &5 (D) (A) " M % (R) B consider organisation is an 28. A concept in retailing that helps
(C) ;% open system. explain the emergence of new
Codes : retailers is called the ______
(D) , > % ? 20. (A) : 6 .0 .0 . 6 % (A) (A) is correct, but (R) is hypothesis.
, > "& )7Q U & K V " incorrect. (A) Product life cycle
17. 0 0 > % / < * (B) Both (A) and (R) are correct. (B) Service assortment
'S A &4 (C) (A) is incorrect, but (R) is (C) Retail life cycle
(R) : W 4 8 correct.
4M % 'SS A % EF (D) ‘Wheel-of-retailing’
0 & < % 4 0 $ 6 .0 .0 . =, 4 (D) Both (A) and (R) are incorrect.
/ " K (α) T 7Q : 24. Who has modified Maslow’s 29. Manufacturers of cars and motor
% % 5 > 4 ! (A) (A) M % (R) 4 Hierarchical levels of needs and cycles typically seek_______
developed ERG model ? distribution.
(A) 0.10
(B) (A) " (R) - % 4 B (A) Frederick Herzberg (A) selective
(B) 0.05 (B) intensive
(C) (A) 4 M % (R) (B) David C. McClelland
(C) 0.01 (C) Douglas McGregor (C) exclusive
(D) 0.50 (D) (A) " (R) - % B (D) Clayton Alderfer (D) restrictive
J-08-14 7 Paper-II Paper-II 8 J-08-14
21. X> &4 Q% % % 5 25. - , % -% 30. Which method of setting advertising 33. Assertion (A) : When two or more
> % ? ! – budget is most scientific and logical ? investment proposals are
(A) % EF $ (A) 4 %% (A) All-you-can afford method
mutually exclusive, ranking the
(B) % %( < B% + proposals on the basis of IRR,
> > EF (B) Competitive parity method NPV and PI methods may give
(B) 4 %% ( contradictory results.
(C) *+ % & 4 ( 5% + (C) Objective-and-task method
(C) % " ( , %% % Reason (R) : The contradictory
(D) % (% (D) Percentage-of-sales method results in the ranking are due to
(% $ & (% L 4 ,% M %
% 6: , %% BM % "( differing dimensions relating to
-* % + the scale of investments, cash
31. Assertion (A) : Weighted average flow patterns and project lives.
(D) % @+ % 4 % 0 %
22. % % 5 % ) @ + :
% + cost of capital should be used Indicate the correct answer :
(1) $% (2) +IJ + as a hurdle rate for accepting or
rejecting a capital budgeting Codes :
(3) (4) -% 26. % @( % " $
( 5+N ? proposal. (A) Both (A) and (R) are true.
(5) 4 (6) " ( -%
(A) " 1 6: @ 7 Reason (R) : It is because by (B) (A) is true, but (R) is a
(7) @ * financing in the proportions necessary condition, but not a
R0 & Y 68 7 4 % ) (B) " 1 6: &4 sufficient condition.
specified and accepting the
+ @ + % – (C) @ ( % % project, yielding more than the (C) Both (A) and (R) are false.
(A) 1, 2, 6 " 7 (B) 2, 3, 4 " 5 (D) 5% weighted average required
(D) Both (A) and (R) are true and
(C) 1, 3, 5 " 6 (D) 4, 5, 6 " 7 return, the firm is able to
(R) explains the reason
27. % - "%% 4 > increase the market price of its
sufficiently.
B? stock.
23. % + - $ % - 4 BM 0 " $%
(A) " -* (R) % - (A) @ Z [ "&4 Codes :
4 34. Which one of the following
(B) $ , > (A) Both (A) and (R) are false. assumptions is not covered in the
(A) : > &4 Q% % (C) "&4 Walter’s Model of the dividend policy ?
% < , 4 @ (D) % '
(B) Both (A) and (R) are true.
B (A) All financing is done through
(C) (A) is true, while (R) is false. retained earnings.
(R) :> +% &4 Q% 28. K %( " (
5 $ L B %* % K " ,-\ 5 (D) (A) is false, while (R) is true. (B) Firm’s business risk does not
change due to additional
: M % > % ?
investments.
(A) (A) M % (R) 4 (A) , - % + 32. A firm wants to know the Degree of
Operating Leverage (DOL) with the (C) The firm has an infinite life.
(B) (A) " (R) - % B (B) + % %- 01 following information : (D) The key variables like EPS and
(C) (A) 4 M % (R) (C) K % +
Current level of sales : 6000 units DPS keep on changing.
(D) (A) " (R) - % 4 B (D) K U + V
Break-even point sales : 4000 units
24. " @ " % 29. 0 & % 35. Which one of the following
QQ EF EF % % 5 What would be the DOL ? emphasizes the qualitative aspects of
% &@ ( " ." . . Y6
? +7 B? (A) 1.50 working capital management ?
(A) K6 4 (A) + % (B) 0.67
(A) Gross working capital
(B) 6 6 . > 6 (B) 4 % (B) Quick working capital
(C) 3.00
(C) 64 44 (C) " N (C) Net working capital
(D) None of the above
(D) > % "6K (D) &( (D) None of the above
J-08-14 9 Paper-II Paper-II 10 J-08-14
30. C % % @+ % % 33. (A) : - - % @ 36. Which of the following training 40. The idea that a manager tends to be
; ( C % 0 & # ! EF " M methods exposes the newly recruited promoted to a level of his
IRRM NPV 0 & PI ; "( employee to the various business incompetence is referred to as
(A) " Y ' *' % "K 6 ( T M ( functions, divisions and departments ? (A) the advancement principle
(B) 8& - ( - (A) Orientation (B) the Paul principle
(B) Vestibule Training (C) the Peter principle
(C) ,]@ '0 &' ( (R) :T (
M % @ %M % - (C) Transition Analysis (D) the job design principle
(D) ' ' @ ( % " > " ( %( (D) Role playing
%% " B 41. Which of the following committees
is intended to review the working of
,< – 37. Match the names of the Authors
31. (A) : *1 " 4 given below with the motivational
the monetory system in India ?
M *1 % : theories they are associated with (A) Narasimham Committee
" % " ( - (A) (A) " (R) - % B List-I List-II (B) Tandon Committee
EF , 4 % + (C) Sukhamoy Chakravarty
1. Herzberg a. ERG Theory
(B) (A) % (R) " @ M Committee
(R) :> % #-7 "% $ % $ % ? 2. McGregor b. Three-need
< 7 % 0 & " 8 theory (D) Deheja Committee
" / K - > ( (C) (A) " (R) - % " B 3. Alderfer c. Theory X and
M K "% Y Theory Y 42. Match the items of List-I with those in
(D) (A) " (R) - % B " (R) List-II and select the correct answer.
); EF 7 4. David d. Two-factor theory
McClelland List-I List-II
: (a) Bank Rate 1. Involving the
Codes :
(A) (A) " (R) - % " B 34. % % 5 % % Policy shortening of the
1 2 3 4 currency of bills
&@ % Y6 7 % ? !
(B) (A) " (R) - % B (A) a b c d eligible for
(A) < 7 ( , % (B) d c b a rediscount.
(C) (A) (R) "
(C) b a d c (b) Credit 2. Involving the
(D) (A) " (R) (B) K 5 M" > Rationing Purchase and sale
(D) d c a b
of securities in
% @ - % ? the open market.
32. 0 K % % 5 % $ (C) K % + "% % 38. Who was closely associated with (c) Variable 3. Involving the
+ % ,< % U V DOL industrial relations in India ? Reserve alteration of
(D) 5 + EPS 0 & DPS
C % + = # B (A) B. Kurien System discount rate.
(B) Gadgil (d) Open 4. Involving the
+ * – 6000 1 Market variation of the
(C) V.V. Giri
& % %- – 4000 1 35. @ *1 %( % 4 " (D) Vinoba Bhave
Operations minimum
% % 5 < "( reserves
DOL > 4 ! ! Codes :
39. Under the Trade Union Act 1926,
(A) 1.50 (A) @ *1 (a) (b) (c) (d)
how many minimum number of
members are required for a trade (A) 1 4 2 3
(B) 0.67 (B) ^ @ *1
union to be registered ? (B) 2 1 3 4
(C) 3.00 (C) % @ *1& (A) 5 (B) 7 (C) 4 2 1 3
(D) , > % ? (D) , > % ? (C) 9 (D) 11 (D) 3 1 4 2
J-08-14 11 Paper-II Paper-II 12 J-08-14
36. % % 5 % @/ ; <N 40. + %( " % " 4 " 43. Match the items of List-I with the 46. International trade theory which
4 % + %% - %% % 4 > ? items of List-II and select the correct provides that capital intensive
answer using the codes given below country should export labour-
M 4 " 4 EF EF ?
(A) > ;% the lists. intensive goods and import capital
(A) " 5 List-I List-II goods is referred to as
(B) Y ;% (a) Rural (i) Meant for (A) Leontief Paradox
(B) * @/ Industries various target (B) Heckscher-Ohlin Theory
(C) ;% Programme groups like
(C) & @ 7 Rural youth, (C) Mercantilism Theory
(D) U Y V 6 % ;% Ex-serviceman, (D) Theory of Comparative
(D) _4 women and Advantage
Scheduled
41. % % 5 % Castes/Tribes 47. Which of the following is not a form
^ % % of economic integration in the
37. *+ – I 5 *+ – II ;% (b) Mahila Vikas (ii) Aim at ensuring
context of intra-regional trade ?
$ : % % 4 $ ! Nidhi flow of credit to
Scheme the dis- (A) Customs Union
–I – II (A) % D advantaged (B) European Union
sections of the (C) Economic Union
(1) 4 (a) ." . . ; % (B) 6% society.
(D) African Union
(c) Entre- (iii) Commercial
(2) 44 (b) $ [ '% 6 $ (C) 5 + N preneurship exploitation of 48. ‘Crawling Peg System’ means
(3) " 6 K (c) $ 'X 0 & $ 'Y Development local resources. (A) Fixed Exchange Rate System.
(D) - Programme
(d) Micro Credit (iv) Provides (B) Floating Exchange Rate
(4) 6 6 (d) * 'K > $ System.
Scheme assistance to
> 6 42. *+ – I *+ – II $ voluntary (C) Hybrid of Fixed and Floating
: " ,< + % : organizations Exchange System.
for the benefit (D) None of the above.
(1) (2) (3) (4) –I – II of women.
Codes : 49. From the following modes of
(A) (a) (b) (c) (d) (a) B - % (1) %= ` 4 (a) (b) (c) (d) international business, identify the
(B) (d) (c) (b) (a) + % ( (A) (i) (iii) (ii) (iv) mode which involves strategic alliance
% (B) (ii) (iv) (i) (iii) (A) Franchising
(C) (b) (a) (d) (c) (C) (iv) (ii) (iii) (i) (B) Leasing
(b) 6 (2) 5 (D) (iii) (iv) (i) (ii)
(D) (d) (c) (a) (b) (C) Turnkey Project
@ D% 4 * 5 -' 44. According to the FDI Policy of the (D) Joint venture
%( Government of India (2012), the FDI
in banks is limited to 50. Which of the following expressions
38. " 4 %( $ (c) %@ (3) ` - - % (A) 20% in Nationalised Banks and amount to the import restriction
% % 5 % Z %7 EF -% %( 74% in Private Sector Banks. measures ?
%( $ ? (B) 20% in Nationalised Banks and
(i) Currency control
(d) 5 (4) % *% : @ 49% in Private Sector Banks.
(A) . * % (B) 4 64 01 % %( (C) 16% in Nationalised Banks and (ii) Establishment of EPZs
74% in Private Sector Banks. (iii) Tariff cuts
(C) . . 4 (D) % : (D) 49% in Nationalised Banks and (iv) Imposition of tariffs
51% in Private Sector Banks. (v) Imposition of non-tariff
(a) (b) (c) (d)
45. According to the recent guidelines barriers
39. -* &Z " ( % M 1926 "% 4 M (A) (1) (4) (2) (3) (2013) of the Reserve Bank of India Codes :
-* &Z & % - the Private Sector Banks are required (A) (i), (ii) and (iii)
% *% &5 % % + ? (B) (2) (1) (3) (4) to have a minimum paid up equity
capital of (B) (i), (iv) and (v)
(A) 5 (B) 7 (C) (4) (2) (1) (3) (A) 300 crores (B) 200 crores (C) (iii), (iv) and (v)
(D) (3) (1) (4) (2) (C) 400 crores (D) 500 crores (D) (ii), (iii) and (v)
(C) 9 (D) 11
J-08-14 13 Paper-II Paper-II 14 J-08-14
43. *+ – I *+ – II $ 46. "% 7 X ;% M
%+ - 6 ,< + % : *1 '4 % -@ T '4 % " %
–I – II 0 & *1 4 " " % + M Space For Rough Work
(a) 4 , 4 (i) %% / > !
* 4 (A) ‘ % K’ 6 Y>
M * * (B) ‘ > + " %’ ;%
+ M A 1 (C) ‘ -’ ;%
0 & "% * + (D) ‘ % ' ’ ;%
% 1
(b) (ii) &+ 47. "% =/ A %- % % 5
%( 4P O % " #$ % EF % ? !
% @+ % (A) @ &Z
(c) , (iii) $ % & (% (B) * % &Z
(C) " #$ &Z
@7 (D) "K &Z
(d) Z O (iv) "
+IJ 48. ‘ N' $’ :
&4 Q% (A) % $ - $
-% (B) % - $
% (C) $ 0 & % - $
: T
(a) (b) (c) (d) (D) , > % ?
(A) (i), (iii), (ii) (iv)
(B) (ii), (iv), (i) (iii) 49. "& 7 X % % 5 EF
(C) (iv), (ii), (iii) (i) % EF 4 Q &( %
(D) (iii), (iv), (i) (ii) %( ?
(A) @7 ( UK %+ D 4 V
44. FDI % U2012V (B) , ` -%
"% M B FDI > ? (C) “ % ” %
(A) 7X B 20% " % / A (D) & > ,
B 74%
(B) 7X B 20% " % / A 50. % % 5 % " >
B 49% " '&( , ?
(C) 7X B 16% " % / A (i) % % %A
B 74% (ii) . . 6\ $ %
(D) 7X B 49% " % / A (iii) @
B 51% (iv) @ 4%
45. : B -@ ' % -R @ (v) 4 '@ ( % 4* %
(2013) "% M % /A B
% *% -< > *1 % @ (A) (i), (ii) " (iii)
5% ? (B) (i), (iv) " (v)
(A) 300 6: (B) 200 6: (C) (iii), (iv) " (v)
(C) 400 6: (D) 500 6: (D) (ii), (iii) " (v)

J-08-14 15 Paper-II

Paper-II 16 J-08-14