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MH SET 2020: 27 December, Paper II, Commerce

  • Date: 27 December 2020
  • Paper code: JUN50220
  • Series: A
  • Language: Bilingual
  • 32 pages
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Test Booklet Code & Serial No.
                                                                                                                      A
                                                                COMMERCE
Signature and Name of Invigilator                                                                  Seat No.
1. (Signature) .........................................                                                    (In figures as in Admit Card)
      (Name) ................................................                     Seat No. ..............................................................
2. (Signature) .........................................                                                    (In words)

      (Name) ................................................                       OMR Sheet No.
JUN - 50220                                                                                           (To be filled by the Candidate)
Time Allowed : 2 Hours]                                                                                [Maximum Marks : 200
Number of Pages in this Booklet : 32                                                    Number of Questions in this Booklet : 100
                      Instructions for the Candidates
1.         Write your Seat No. and OMR Sheet No. in the space provided             1.
           on the top of this page.
2.         This paper consists of 100 objective type questions. Each question
           will carry two marks. All questions of Paper II will be compulsory.     2.
3.         At the commencement of examination, the question booklet
           will be given to the student. In the first 5 minutes, you are           3.
           requested to open the booklet and compulsorily examine it as
           follows :
           (i)      To have access to the Question Booklet, tear off the
                    paper seal on the edge of this cover page. Do not accept                (i)
                    a booklet without sticker-seal or open booklet.
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                    the booklet with the information printed on the cover                   (ii)
                    page. Faulty booklets due to missing pages/questions
                    or questions repeated or not in serial order or any
                    other discrepancy should not be accepted and correct
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                    the period of 5 minutes. Afterwards, neither the Question
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                    given. The same may please be noted.
           (iii)    After this verification is over, the OMR Sheet Number
                                                                                            (iii)
                    should be entered on this Test Booklet.
4.         Each question has four alternative responses marked (A), (B),
           (C) and (D). You have to darken the circle as indicated below on        4.                       (A), (B), (C)   (D)
           the correct response against each item.
           Example : where (C) is the correct response.

                              A        B                 D                                            (C)
5.         Your responses to the items are to be indicated in the OMR                                       A        B              D
           Sheet given inside the Booklet only. If you mark at any place
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6.         Read instructions given inside carefully.
7.         Rough Work is to be done at the end of this booklet.                    6.
8.         If you write your Name, Seat Number, Phone Number or put                7.
           any mark on any part of the OMR Sheet, except for the space
                                                                                   8.
           allotted for the relevant entries, which may disclose your
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           means, you will render yourself liable to disqualification.
9.         You have to return original OMR Sheet to the invigilator at the
           end of the examination compulsorily and must not carry it with          9.
           you outside the Examination Hall. You are, however, allowed
           to carry the Test Booklet and duplicate copy of OMR Sheet on
           conclusion of examination.
                                                                                   10.
10.        Use only Blue/Black Ball point pen.
                                                                                   11.
11.        Use of any calculator or log table, etc., is prohibited.
12.        There is no negative marking for incorrect answers.                     12.
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JUN - 50220/II—A




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JUN - 50220/II—A
                                    Commerce
                                      Paper II


                                                      II
Time Allowed : 120 Minutes]                          [Maximum Marks : 200
Note : This Paper contains Hundred (100) multiple choice questions. Each question
       carrying Two (2) marks. Attempt All questions.
                              (100)                                           (2)


1.   A systematic assessment of an               1.
     activity on some meaningful,
     definable domain of companies
     activities that have social impact
     is :                                              (A)
     (A) Environmental Audit
                                                       (B)
     (B) Green Audit
                                                       (C)
     (C) Social Audit
     (D) Public Audit                                  (D)

2.   Which one of the following is not an        2.
     argument in favour of free trade ?
     (A) Economic utilization of world
            productive resources                       (A)

     (B) Division of labour on an
            international scale
                                                       (B)
     (C) Breaks the domestic monopolies
                                                       (C)
     (D) Conservation         of   foreign
            exchange of the country                    (D)

                                             3                            [P.T.O.
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3.   UNCTAD is established by the                      3.
     United Nations General Assembly
     in ............ and it has its headquarters
     at ............
     (A) 1964—Geneva
     (B) 1965—New York
     (C) 1964—Paris
     (D) 1965—Geneva
4.   The International Monetary Fund                   4.                         2019
     in its world economic outlook
     published in Jan. 2019 has
     projected world output to grow at
     ............. percent.
     (A) 3.8                                                (A) 3.8
     (B) 3.7                                                (B) 3.7
     (C) 3.5                                                (C) 3.5
     (D) 4.1                                                (D) 4.1
5.   X : Mexico is a member of NAFTA.                  5.
     Y : NAFTA started functioning
         from 1st Jan. 1994.                                  :       1       1994
     (A) Only X is true
                                                            (A)
     (B) Only Y is true
                                                            (B)
     (C) Both X and Y are true
                                                            (C)
     (D) Both X and Y are false                             (D)
6.   X : Balance of trade records export               6.         :
         and import of only visible goods.
     Y : It comprises of balance of trade.                        :
     (A) Only X is correct                                  (A)
     (B) Only Y is correct                                  (B)
     (C) Both X and Y are incorrect                         (C)
     (D) Both X and Y are correct                           (D)

                                                   4
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7.   Which of these is not an objective          7.
     of protectionist trade strategy ?
     (A) Protection of domestic industries
                                                      (A)
     (B) Promoting indigenous research
           and development                            (B)
     (C) Protecting rights of nationals
                                                      (C)
     (D) Conservation        of   foreign
           exchange reserves                          (D)

8.   Match the columns :                         8.

     Group A (Institutions/Events)
     (i)   GATT                                       (i)

     (ii) Bretton Woods Conference                    (ii)

     (iii) International Monetary Fund                (iii)

     (iv) European Community                          (iv)

              Group B (Years)
     (a) 1947                                         (a) 1947

     (b) 1957                                         (b) 1957

     (c) 1944                                         (c) 1944

     (d) 1945                                         (d) 1945

     (A) (i)—(a), (ii)—(c), (iii)—(d),                (A) (i)—(a), (ii)—(c), (iii)—(d),
           (iv)—(b)                                           (iv)—(b)

     (B) (i)—(a), (ii)—(b), (iii)—(d),                (B) (i)—(a), (ii)—(b), (iii)—(d),
           (iv)—(c)                                           (iv)—(c)

     (C) (i)—(a), (ii)—(c), (iii)—(b),                (C) (i)—(a), (ii)—(c), (iii)—(b),
           (iv)—(d)                                           (iv)—(d)

     (D) (i)—(a), (ii)—(b), (iii)—(c),                (D) (i)—(a), (ii)—(b), (iii)—(c),
           (iv)—(d)                                           (iv)—(d)

                                             5                                     [P.T.O.
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9.   Which of the following is not a                   9.
     method            under   foreign    direct
     investment ?
                                                             (A)
     (A) Wholly owned subsidiary
                                                             (B)
     (B) Joint venture
     (C) Global depository receipts                          (C)

     (D) Acquisition                                         (D)

10. As per the recent FDI policy, 100                  10.
     per cent investment through                                          100
     automatic route is not allowed
     in ............                                         (A)
     (A) Petroleum refining by the PSUs
     (B) Oil and natural gas exploration                     (B)
     (C) Mining and minerals                                 (C)
     (D) Plantation                                          (D)
11. Omission of paise and showing the                  11.
     round figures in financial statements
     is based on ...............
     (A) Conservatism concept                                (A)
     (B) Consistency concept                                 (B)
     (C) Materiality concept                                 (C)
     (D) Realization concept                                 (D)
12. Which          SA     deals    with   audit        12.         SA
     sampling ?
     (A) SA 530                                              (A) SA 530
     (B) SA 400                                              (B) SA 400
     (C) SA 610                                              (C) SA 610
     (D) SA 500                                              (D) SA 500
                                                   6
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13. Which of the following denotes a            13.
      target cost ?
      (A) Market price—Desired profit
          margin                                      (A)              —
      (B) Standard      selling   price—
                                                      (B)
          Standard profit margin
      (C) Standard selling price—Target               (C)
          profit margin
                                                      (D)                  —
      (D) Market      price—Return     on
          invesment
14.   ABC Ltd. has a current ratio of           14.
      1.5 : 1 and net current assets of               1.5 : 1
      ` 5,00,000. What are the current                ` 5,00,000
      assets ?
      (A) ` 5,00,000                                  (A) ` 5,00,000
      (B) ` 10,00,000                                 (B) ` 10,00,000
      (C) ` 15,00,000                                 (C) ` 15,00,000
      (D) ` 25,00,000                                 (D) ` 25,00,000
15. Which one of the following is not a         15.
      contingent liability ?
      (A) B/R discounted but not matured
                                                      (A)
      (B) Underwriting         commission
          payable                                     (B)

      (C) Arrears of cumulative dividend              (C)
          on preference shares
      (D) Uncalled capital on investments
                                                      (D)

                                            7                                     [P.T.O.
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16. An audit report of company says that           16.
    ‘‘Company has not provided                                   ` 8,50,000
    depreciation for the year amounting
    to ` 8,50,000, subject to this
    reservation, we report that balance
    sheet says true and fair view. This
    report is called as ..............
    (A) Clean report                                     (A)
    (B) Qualified report                                 (B)
    (C) Adverse report                                   (C)
    (D) Disclaimer of opinion                            (D)
17. Activity-based costing .................       17.
     (A) may be used with job order but                  (A)
         not process costing
     (B) may be used with process but
                                                         (B)
         not job order costing
     (C) trends to increase the number                   (C)
         of cost pools
     (D) trends to decrease the number                   (D)
         of cost pools
18. XYZ Ltd. has a debt-equity ratio of            18.
    1.5 as compared to 1.3 Industry                        1.5
    average. It means that the firm
    has :
    (A) Higher liquidity                                 (A)
    (B) Higher financial risk                            (B)
    (C) Higher profitability                             (C)
    (D) Higher capital employed                          (D)
19. Which of the following is a result of          19.
    separate entity concept ?
     (A) Research and development                        (A)
     (B) Buying and selling                              (B)
     (C) Owners capital and drawings                     (C)
     (D) Sale of scrap                                   (D)
                                               8
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20. Varsha and Monica are partners                20.                            3:2
    sharing profit and losses in the ratio
    of 3 : 2 having the capital of ` 80,000
                                                        ` 80,000      ` 50,000
    and ` 50,000 respectively. They are
                                                                                   9%
    entitled to 9% p.a. interest on capital
    before distributing the profit. During
    the year firm earned ` 7,800 after                                     ` 7,800
    allowing interest on capital. Profit
    apportioned among Varsha and
    Monica is :
                                                        (A) ` 4,680      ` 3,120
    (A) ` 4,680 and ` 3,120
                                                        (B) ` 5,000      ` 2,800
    (B) ` 5,000 and ` 2,800
                                                        (C) ` 4,800      ` 3,000
    (C) ` 4,800 and ` 3,000
    (D) ` 4,680 and ` 2,800                             (D) ` 4,680      ` 2,800

21. Usually, the demand for necessities           21.
    is .....................
    (A) Highly elastic                                  (A)

    (B) Infinitely elastic                              (B)

    (C) Highly inealstic                                (C)

    (D) Unitary elastic                                 (D)

22. The price elasticity of demand for            22.
    addictive products like cigarettes and
    alcohol would be ...........
    (A) Greater than 1                                  (A)

    (B) Less than 1                                     (B)

    (C) Infinity                                        (C)

    (D) One                                             (D)

                                              9                                      [P.T.O.
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23. Which one of the following products            23.
     has highly inelastic demand ?
     (A) Jewellery                                       (A)
     (B) Television set                                  (B)
     (C) Salt                                            (C)
     (D) Sports car                                      (D)
24. Which of the following is not a                24.
     method of measuring price elasticity
     of demand ?
                                                         (A)
     (A) Ratio method
                                                         (B)
     (B) Outlay method
                                                         (C)
     (C) Psychological method
                                                         (D)
     (D) Geometrical method
                                                   25.
25. Usually, isoquants are .............
                                                         (A)
     (A) Concave to the origin
                                                         (B)
     (B) Convex to the origin
     (C) Parallel to the origin                          (C)

     (D) Perpendicular to the origin                     (D)
26. Average cost and Marginal cost                 26.                       U
     curves are U shaped and ............
     (A) Average      cost    curve    cuts              (A)
          marginal cost curve from below
     (B) Marginal cost curve cuts                        (B)
          average cost curve from below
     (C) Average cost and marginal cost                  (C)
          curves are one and the same
     (D) After intersection, average cost                (D)
          exceeds marginal cost

                                              10
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27. Which of the following is not                    27.
    true ?
                                                           (A)
     (A) Opportunity cost is the cost of
         alternative opportunity lost
                                                           (B)
     (B) During short-run some factors
         are fixed
     (C) Variable cost is a prime cost                     (C)
     (D) Total cost = Total fixed cost +                   (D)   =            +
         Average variable cost
28. Additional cost incurred on
                                                     28.
    producing one more unit is known
    as ................
                                                           (A)
     (A) Average cost
     (B) Marginal cost                                     (B)

     (C) Implicit cost                                     (C)
     (D) Accounting cost                                   (D)
29. The imposition of a lumpsum tax                  29.
    will result in .............. of both the
    Average Fixed Cost (AFC) and the
    Average Total Cost (ATC) curves.
                                                           (A)
     (A) Upward shift
     (B) Downward shift                                    (B)

     (C) Leftward shift                                    (C)
     (D) Rightward shift                                   (D)
30. The demand curve for a perfectly                 30.
    competitive firm is ..............
                                                           (A)
     (A) Horizontal straight line
     (B) Vertical straight line                            (B)

     (C) Upward sloping curve                              (C)
     (D) Downward sloping curve                            (D)
                                                11                             [P.T.O.
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31. Which of the following is not a               31.
    function performed by a financial
    system ?
                                                        (A)
     (A) Savings functions
                                                        (B)
     (B) Liquidity functions
                                                        (C)
     (C) Risk functions
                                                        (D)
     (D) Social functions
32. Which of the following statements             32.
    is not the assumption of Modigliani-
    Miller approach ?
     (A) Corporate Income Tax is
                                                        (A)
         assumed to be absent
     (B) There does not exist any                       (B)
         transaction cost
     (C) The dividend payout ratio is 100               (C)
         percent
     (D) Personal leverage and corporate                (D)
         leverage are not perfect
         substitues
33. The process of converting cash flow           33.
    into present equitables is called :
     (A) Discounting                                    (A)
     (B) Compounding                                    (B)
     (C) Rationing                                      (C)
     (D) Budgeting                                      (D)
34. Which of the following factors does           34.
    not affect on the capital structure of
    the company ?
                                                        (A)
     (A) Cost of capital
                                                        (B)
     (B) Composition of current assets
     (C) Expected nature of cash flow                   (C)

     (D) Dilution of control                            (D)
                                             12
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35. Dr. Gupta purchased 400 shares of                 35. 15            2014
    Glaxo Ltd. @ ` 61 each on 15th                                      400              ` 61
    October, 2014. He paid brokerage of                                    ` 600
    ` 600. The company paid dividend
    as follows :
                                                               , 2015          ` 800
     June, 2015           ` 800
                                                               , 2016          ` 1,000
     June, 2016           ` 1,000
                                                               , 2017          ` 1,200
     June, 2017           ` 1,200
                                                                  15          2017
     He sold his holdings for ` 34,500 on
                                                            ` 34,500
     15th October, 2017. What is the
     annual return ?
     (A) 16.67%                                             (A) 16.67%

     (B) 18.23%                                             (B) 18.23%
     (C) 14.76%                                             (C) 14.76%
     (D) 13.47%                                             (D) 13.47%
36. The method of raising equity capital              36.
    from existing members by offering
    securities on pro-rata basis is
    referred to as ...........
                                                            (A)
     (A) Public issue
                                                            (B)
     (B) Right issue
     (C) Bonus issue                                        (C)
     (D) Private placement                                  (D)
37. Below .............. level of sales NPV is        37.
    negative and above this level the
    NPV is positive in multinational                                         (–)
    capital budgeting.
                                                                  (+)
     (A) Risk adjusted cash flow
                                                            (A)
     (B) Sensitivity level analysis                         (B)
     (C) Simulation                                         (C)
     (D) Break-even                                         (D)

                                                 13                                        [P.T.O.
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38. Nominal interest rate is the product
                                                38.
    of :
    (A) Real interest rate and rate of                (A)
           inflation
    (B) Real interest rate and exchange               (B)
           rate
                                                      (C)
    (C) Exchange rate and market rate
    (D) Real interest rate and market                 (D)
           rate
                                                39.
39. International capital budgeting
    incorporates :
    (A) Only financial factors                        (A)
    (B) Financial and non-financial                   (B)
           factors
                                                      (C)
    (C) Only the non-financial factors
                                                      (D)
    (D) Qualitative factors
40. Multilateral Investment Guarantee           40.
    Agency (MIGA) :
    (A) Is a sister institution of the
           World Bank                                 (A)

    (B) Is an insurance agency of the                 (B)
           US Govt.
    (C) Is a part of Asian Development
           Bank                                       (C)
    (D) Is a sister institution of
                                                      (D)
           International Development
           Agency

                                           14
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41. Arithmetic mean of salary of 100                 41.                           100
    males in a company is ` 20,000 per
                                                                     ` 20,000                 50
    month and that of 50 females is
                                                                                   ` 17,000
    ` 17,000 per month. The arithmetic
    mean of salary of the combined
    group of males and females in the
    company is .............. per month.
                                                           (A) ` 20,000
    (A) ` 20,000
                                                           (B) ` 19,000
    (B) ` 19,000
                                                           (C) ` 18,000
    (C) ` 18,000
    (D) ` 17,000                                           (D) ` 17,000

42. Suppose 1 = standard deviation of                42.               1 =                      {1, 2, 3,
    {1, 2, 3, 4, 5}                                        4, 5}
     2 = standard deviation of {11, 12,
                                                            2=                        {11, 12, 13, 14, 15}
    13, 14, 15}
                                                             ...............
    then ...............
                                                           (A)       1 >       2
    (A)     1 >      2
    (B)                                                    (B)       1 <
            1 <      2                                                         2

    (C)     1 =      2
                                                           (C)       1 =       2
    (D)     2 =     1 + 10                                 (D)       2 =       1 + 10
43. If A and B are mutually exclusive                43.         A         B
    events, then P(A         B) = ...........                    P(A           B) =
    (A) P(A)                                               (A) P(A)
    (B) P(B)                                               (B) P(B)
    (C) P(A ) + P(B)                                       (C) P(A ) + P(B)
    (D) P(A ) . P(B)                                       (D) P(A ) . P(B)

                                                15                                                 [P.T.O.
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44. Given that :
                                                           44.

      Rank of X 1 2 3 4 5
      Rank of Y 5 4 3 2 1                                                      1 2 3 4 5

    The Spearman’s rank correlation                                            5 4 3 2 1

    is ................
                                                                 (A) 1
    (A) 1
                                                                 (B) 0
    (B) 0

    (C) –1                                                       (C) –1

            1                                                          1
    (D)                                                          (D)
            2                                                          2
45. Which of the following statements                      45.
    is     always             true   for   Poisson
    distribution ?
                                                                 (A)       >
    (A) mean > variance
                                                                 (B)       =
    (B) mean = variance
    (C) mean < variance                                          (C)       <

    (D) mean = standard deviation                                (D)       =
46. For       testing          equality    of   two        46.
    population proportions we use
    ................. test.
    (A) F                                                        (A) F

    (B) Chi-square                                               (B)
    (C) t                                                        (C) t
    (D) z
                                                                 (D) z

                                                      16
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47. In one-way analysis of variance                    47.                            k
    suppose there are k treatments and                       (treatments)
    n is the total number of observations                    n
    then the degree of freedom for error                     (error sum of squares)
    sum of squares will be ............
     (A) n – 1                                               (A) n – 1
     (B) k – 1                                               (B) k – 1
     (C) nk – 1                                              (C) nk – 1
     (D) n – k                                               (D) n – k
48. As sample size increases sampling                  48.
    errors ...............
     (A) Increase                                            (A)
     (B) Decrease                                            (B)
     (C) Do not change                                       (C)
     (D) May increase or decrease                            (D)
49. ‘‘.................’’ means the practice of        49. ‘‘      ’’
    taking someone else’s work or idea
    and passing them as one’s own.
     (A) Plagiarism
                                                             (A)
     (B) Source                                              (B)
     (C) Script                                              (C)
     (D) Integrity                                           (D)
50. The advantages of ............. is that it         50.
    avoids reinventing the wheel of
    research work.
                                                             (A)
     (A) Sampling
                                                             (B)
     (B) Review of literature
     (C) Objectives of the study                             (C)

     (D) Hypothesis of the study                             (D)

                                                  17                                  [P.T.O.
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51. The book ‘Human Side of Enterprise’                 51.
    is authored by :
     (A) Rensis Likert                                        (A)
     (B) Peter Drucker                                        (B)
     (C) Douglas McGregor                                     (C)
     (D) Elton Mayo                                           (D)
52. ...................... is not the example of        52.
    inherited characteristics.
     (A) Intelligence                                         (A)
     (B) Age                                                  (B)
     (C) Religion                                             (C)
     (D) Perception                                           (D)   (Perception)
53. For performance appraisal ...........               53.
    prefers to use the term staff
    assessment.
     (A) Megginson                                            (A)
     (B) Cumming                                              (B)
     (C) Levinson                                             (C)
     (D) Armstrong                                            (D)
54. ................ is not the characteristic          54.
    feature of informal organization.
                                                              (A)
     (A) Informal     relations    are
         unplanned, arise spontaneously
     (B) Informal organisation reflects                       (B)
         human relationships
     (C) Formation    of  informal                            (C)
         organisation is a natural
         process
     (D) Informal organisation is                             (D)
         hierarchical, pyramid-shaped
         and bureaucratic in structure
         with well defined positions

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55. .............. cannot be considered as the        55.
    ethical principle.
     (A) Sacredness of means and ends                       (A)
     (B) Not to do any evil                                 (B)

     (C) Equivalent price                                   (C)
                                                            (D)
     (D) Indemnity
56. Which one of the following is not the             56.
    factor that increases resistance to
    change ?
                                                            (A)
     (A) Lack of communication
                                                            (B)
     (B) Rapidity and extent of change
         (Major or rapid changes)
                                                            (C)
     (C) Group resistance
     (D) Participation and involvement                      (D)
         of employees                                             (Involvement)
57. Which one of the following is not                 57.
    true about the delegation of
    authority ? Delegation of authority
    may be ............                                     (A)
     (A) Specific or general                                (B)
     (B) Written or unwritten
                                                            (C)
     (C) Precise or vague
     (D) Upward or downward                                 (D)

58. Zero based budgeting is the new                   58.
    approach to budgeting which was
    introduced by :
                                                            (A)           (Thiel)
     (A) Peter Thiel
                                                            (B)
     (B) Peter Drucker
     (C) Peter Pal                                          (C)
     (D) Peter Phyrr                                        (D)           (Phyrr)

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59. Which one of the following is not           59.
    the external factor affecting
    recruitment ?
                                                      (A)
    (A) Economic
                                                      (B)
    (B) Social
                                                      (C)
    (C) Cultural
    (D) Future expansion and reduction                (D)
        programmes
60. The word Organisational Develop-            60.
    ment (OD) was coined in the mid                   1950
    1950 by ...............
                                                      (A)
    (A) Wendell French
                                                      (B)
    (B) Richard Bekhard
    (C) Harold Rush                                   (C)

    (D) Warren Bennis                                 (D)
61. The best procedure for opening an           61.
    account in the name of a minor ‘X’
    and the guardian ‘Y’ would be under
    style :
                                                      (A)
    (A) ‘X’ Account
                                                      (B)          —
    (B) ‘X’ Account—Minor
    (C) ‘Y’ in trust for ‘X’                          (C)

    (D) ‘Y’ Account                                   (D)
62. The ‘Bankers’ fair practice code was        62.
    brought out in June 2004 by .......                     2004
    (A) I.B.A.    (Indian      Bankers’
                                                      (A)
        Association).
    (B) R.B.I.                                        (B)

    (C) Govt. of India                                (C)
    (D) Ministry of Finance                           (D)

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63. Which of the following is not a
                                                       63.
    quantitative measure of risk ?
     (A) Risk measurement based on
         sensitivity
                                                             (A)
     (B) Risk measurement based on
         volatility                                          (B)
     (C) Risk measurement based on
         downside potential                                  (C)
     (D) Risk measurement based on
                                                             (D)
         pricing
64. ................... is the credit limit for        64.
    funded or non-funded business
    allowed by bank or financial
    institutions to other banks or
    Government to other parties.
                                                             (A)
     (A) Lines of credit
                                                             (B)
     (B) Authorised credit
     (C) Approved credit limit                               (C)
     (D) Regulated credit limit                              (D)
65. ‘Not negotiable’ crossing is warning               65.
    to the ............
     (A) Paying banker                                       (A)
     (B) Collecting banker                                   (B)
     (C) Holder                                              (C)
     (D) (A) and (B) together                                (D) (A)   (B)
66. ............... is a measure of sensitivity        66.
    of future cash flows and profits of
    a bank to unanticipated exchange
    rate changes.
     (A) Translation exposure                                (A)
     (B) Transaction exposure                                (B)
     (C) Operating exposure                                  (C)
     (D) Operational exposure                                (D)
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67. AAA symbol used by CRISIL                             67.              AAA
    describes ..................
     (A) Highest Credit Quality                                 (A)
     (B) High Credit Quality                                    (B)
     (C) Adequate Credit Quality                                (C)
     (D) Moderate Credit Quality                                (D)
                                                          68.
68. .................... have jointly promoted the
     National Securities Depository
     Limited (NSDL).                                            (A)
     (A) ICICI, GIC, SBI                                        (B)

     (B) SHCIL, NSCC, IFCI
                                                                (C)
     (C) IDBI, UTI, NSEI                                        (D)
     (D) NSCC, IFCI, ICICI
69. ................ is an exchange of specific           69.
    streams of payment over an agreed
    period of time.
                                                                (A)
    (A) Swap
                                                                (B)
    (B) Premium
    (C) Future                                                  (C)
    (D) Option                                                  (D)
70. Operational risk arises from ...........              70.
    (A) Default                                                 (A)
    (B) External events                                         (B)
    (C) People and system                                       (C)
    (D) Inadequate internal process                             (D)
71. .................. divides buyers into groups         71.
    based on their knowledge, attitudes,
    uses or responses to a product.
    (A) Geographic segmentation                                 (A)
    (B) Demographic segmentation                                (B)
    (C) Psychographic segmentation                              (C)
    (D) Behavioural segmentation                                (D)

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72. .................. value is the perceived               72.
      benefit received from a product as
      an outcome of some particular
      occasion or situation.
                                                                  (A)
      (A) Novelty
      (B) Conditional                                             (B)

      (C) Emotional                                               (C)

      (D) Social                                                  (D)
73. People, planet and profit are another                   73. People (   ),            )    Profit
      3 P’s associated with ...............                     ( )             (P)

      (A) Virtual marketing
                                                                  (A)
      (B) Green marketing                                         (B)
      (C) International marketing                                 (C)
      (D) Rural marketing
                                                            74.
74. ................. consists of launching the
    new product at a low price and
    spending heavily on promotion.                                (A)
      (A) Rapid-skimming strategy                                 (B)
      (B) Slow-skimming strategy                                  (C)
      (C) Rapid-penetration strategy
                                                                  (D)
      (D) Slow-penetration strategy
75. ................... is the positive differential        75.
    effect that knowing the brand name
    has on consumer response to the
    product or service.
                                                                  (A)
      (A) Brand equity
                                                                  (B)
      (B) Brand loyalty
                                                                  (C)
      (C) Perceived quality
                                                                  (D)
      (D) Brand association
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76. A further 3 P’s are incorporated in                  76.                     3 P’s
    marketing of services :
     (A) Process, political power, people
                                                               (A)
     (B) Process, physical evidence,
         people                                                (B)
     (C) People opinion, process, power                        (C)
     (D) Price, power, people                                  (D)
77. ................ are special displays, racks,        77.
    show cases, banners, exhibits,
    signages etc. that are placed in the
    retail store to support the sale of a
    brand by the manufacturer or
    marketers.
     (A) Merchandise dealer                                    (A)
     (B) Point of purchase                                     (B)
     (C) Promotion                                             (C)
     (D) Brokers                                               (D)
78. .............. involves consumer to                  78.
    consumer marketing, where
    consumer directly sell products or
    services to other consumers using
    the internet.                                              (A) B2C
     (A) B2C
                                                               (B) B2B
     (B) B2B
                                                               (C) B2A
     (C) B2A
     (D) C2C                                                   (D) C2C
79. From the point of view of consumer,                  79.
    promotion concept means ............
     (A) Selling                                               (A)
     (B) Delivering goods and services                         (B)
     (C) Communication                                         (C)
     (D) Solution to consumer problems                         (D)

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80. ............... means classification of            80.
     standardized products into certain
     well defined classes or groups.
                                                             (A)
     (A) Standardization
                                                             (B)
     (B) Gradation
     (C) Simplification                                      (C)

     (D) Diversification                                     (D)
81. The time for revocation of offer and               81.                      1872
     acceptance is defined u/s ............. of
     the Indian Contract Act, 1872.
     (A) 5
                                                             (A) 5
     (B) 4
                                                             (B) 4
     (C) 3                                                   (C) 3
     (D) 25                                                  (D) 25
82. What does ‘I’ stands for in IGST ?                 82.
     (A) International
                                                             (A)
     (B) Internal
                                                             (B)
     (C) Integrated
                                                             (C)
     (D) Intra                                               (D)
83. What is the fee for getting                        83.               2005
     information under RTI Act 2005 ?
     (A) ` 20                                                (A) ` 20
     (B) ` 50                                                (B) ` 50
     (C) ` 100                                               (C) ` 100
     (D) ` 10                                                (D) ` 10

                                                  25                                   [P.T.O.
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84. As per Section ................ of the Patent        84.
    Act, patent is not be granted in
    respect of an invention relating to
    atomic energy.
                                                               (A) 4
    (A) 4
                                                               (B) 1
    (B) 1
    (C) 2                                                      (C) 2
    (D) 3                                                      (D) 3
85. Which of the following forms are                     85.
    used for GST registration ?
    (A) GSTR-1                                                 (A) GSTR-1
    (B) GSTAPL-01                                              (B) GSTAPL-01
    (C) GST REG-01                                             (C) GST REG-01
    (D) GST RED-01                                             (D) GST RED-01
86. Match the following groups :                         86.
                 Group-I
    (i) Lalman Shukla Vs. Gauri Datt
                                                               (i)                        (1913)
          (1913)
                                                               (ii)              (1842)
    (ii) Thomas Vs. Thomas (1842)
    (iii) Burnard Vs. Haggis (1863)                            (iii)            (1863)
    (iv) Peek Vs. Gurney (1873)                                (iv)           (1873)
                Group-II
    (a) Acceptance                                             (a)
    (b) Consideration                                          (b)
    (c) Capacity to contract                                   (c)
    (d) Misrepresentation
                                                               (d)
    Codes :
    (A) (i)—(a), (ii)—(b), (iii)—(c),
                                                               (A) (i)—(a), (ii)—(b), (iii)—(c),
          (iv)—(d)
                                                                   (iv)—(d)
    (B) (i)—(d), (ii)—(c), (iii)—(b),
                                                               (B) (i)—(d), (ii)—(c), (iii)—(b),
          (iv)—(a)
                                                                   (iv)—(a)
    (C) (i)—(b), (ii)—(a), (iii)—(d),
                                                               (C) (i)—(b), (ii)—(a), (iii)—(d),
          (iv)—(c)
                                                                   (iv)—(c)
    (D) (i)—(c), (ii)—(d), (iii)—(a),
                                                               (D) (i)—(c), (ii)—(d), (iii)—(a),
          (iv)—(b)
                                                                   (iv)—(b)
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87. Match the following groups with                    87.                          2000
    reference to Information Technology
    Act 2000 :                                                                      I
                    Group-I                                  (i)
     (i)   Access                                            (ii)
     (ii) Computer
                                                             (iii)
     (iii) Data
                                                             (iv)
     (iv) Digital Signature
                                                                                    II
                  Group-II
                                                             (a)          2(1)(a)
     (a) Sec. 2(1)(a)
                                                             (b)          2(1)(i)
     (b) Sec. 2(1)(i)
                                                             (c)          2(1)(o)
     (c) Sec. 2(1)(o)
                                                             (d)          2(1)(p)
     (d) Sec. 2(1)(p)
     Codes :
                                                             (A) (i)—(a), (ii)—(b), (iii)—(c),
     (A) (i)—(a), (ii)—(b), (iii)—(c),
                                                                     (iv)—(d)
         (iv)—(d)
                                                             (B) (i)—(b), (ii)—(c), (iii)—(d),
     (B) (i)—(b), (ii)—(c), (iii)—(d),
                                                                     (iv)—(a)
         (iv)—(a)
     (C) (i)—(b), (ii)—(a), (iii)—(d),                       (C) (i)—(b), (ii)—(a), (iii)—(d),
         (iv)—(c)                                                    (iv)—(c)

     (D) (i)—(b), (ii)—(d), (iii)—(c),                       (D) (i)—(b), (ii)—(d), (iii)—(c),
         (iv)—(a)                                                    (iv)—(a)
88. .................. is defined in chapter XI        88.                         2000
    from section 65 to 78 of the                             XI                 65  78
    Information Technology Act 2000.
     (A) Offences                                            (A)
     (B) Penalties                                           (B)
     (C) Cyber Appellate Tribunal                            (C)
     (D) Electronic Governance                               (D)

                                                  27                                          [P.T.O.
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89. The Central Chief Information                   89.
    Commissioner (CIC) is appointed
    by ..................                                 (A)

    (A) President                                         (B)
    (B) Vice-President
                                                          (C)
    (C) Prime Minister

    (D) Home Minister                                     (D)

90. Every LLP has to file an annual                 90.
    return duly authenticated with the
    Registrar within ............... days of
    closure of its financial year.

    (A) 45
                                                          (A) 45
    (B) 120
                                                          (B) 120
    (C) 60                                                (C) 60
    (D) 90                                                (D) 90
91. Income which accrues in Singapore               91.
    from business not controlled from
    India is ..................

    (A) Taxable only for a non-resident                   (A)

    (B) Not taxable for non-resident                      (B)
    (C) Taxable only for resident but
                                                          (C)
           not ordinarily resident

    (D) Not taxable in case of all types
           of assessees                                   (D)

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92. Gross total income has computed                    92.                    2018-2019
    under Income Tax Act for A.Y. 2018-                                               ` 3,30,000
    2019 of Mr. Sarjerao is ` 3,30,000. He
    deposits ` 12,000 in PPF and                             ` 12,000                 ` 8,000
    ` 8,000 in National Savings
    Certificate VIII series. His                                                  ` 3,50,000
    agricultural income is ` 3,50,000,
    then tax payable by him will be ...........
    (A) ` 3,000                                              (A) ` 3,000
    (B) NIL                                                  (B)
    (C) ` 9,790                                              (C) ` 9,790
    (D) ` 32,500                                             (D) ` 32,500
93. Miss Smita purchased residential                   93.                           ` 50,00,000,
    property at New Mumbai for a
    consideration of ` 50,00,000, value
    for stamp duty purpose of that                                             ` 46,00,000
    property was ` 46,00,000, then how
    much tax she should deduct as tax
    at source u/s 194 IA of Income Tax
    Act from payment to be made to the
    sellers ?
    (A) NIL                                                (A)
    (B) ` 50,000                                           (B) ` 50,000
    (C) ` 46,000                                           (C) ` 46,000
    (D) ` 10,000                                           (D) ` 10,000
94. Mr. Bhushan owns a house property,                 94.           ` 1,20,000
    its municipal value is ` 1,20,000
    while fair rent is ` 1,80,000,                                      ` 1,80,000
    Municipal taxes are 25%. The house                                     25%
    was let out for first 5 months of the                                    5          ` 14,000
    previous year for ` 14,000 per
    month. The house was self-occupied
    for the remaining months.
    Net annual value of the property
    is ...........
    (A) ` 1,40,000                                           (A) ` 1,40,000
    (B) ` 30,000                                             (B) ` 30,000
    (C) ` 1,50,000                                           (C) ` 1,50,000
    (D) ` 80,000                                             (D) ` 80,000

                                                  29                                     [P.T.O.
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95. Gratuity received by a Director who,           95.
    under the relevant contract, is not
    an employee or servant of a
    company is assessable under the
    head of income ................
     (A) Salaries                                        (A)
     (B) Business                                        (B)
     (C) Profession                                      (C)
     (D) Other sources                                   (D)
96. On 12th December, 2018 Sachin                  96. 12            2018
    (a minor child) received gift of                              ` 5,00,000
    ` 5,00,000 from other than his
    relative persons. On the same day
    the amount was deposited in bank
                                                                    ` 14,750               31
    on which interest of ` 14,750 was
    received for the previous year                       2019
    ending 31st March, 2019. Then his
    income will be clubbed with ...........
     (A) Father’s income ` 5,00,000                      (A)                   ` 5,00,000
     (B) Mother’s income ` 2,50,000 and                  (B)                ` 2,50,000
         father’s income ` 2,50,000
                                                                     ` 2,50,000
     (C) Father’s income ` 5,13,250
                                                         (C)                   ` 5,13,250
     (D) Father’s income ` 5,13,250 or
         mother’s income ` 5,13,250, at                  (D)
         the option of parents                                 ` 5,13,250                ` 5,13,250
97. In case of non-corporate assessee              97.
    expenditure which do not qualify for                                            35D(2)
    deduction under section 35D(2) is :
     (A) Preparation Feasibility Report                  (A)
     (B) Preparation of Project Report
                                                         (B)
     (C) Conducting Market Survey
                                                         (C)
     (D) Expenditure on Acquisition of
         Machinery                                       (D)

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98. Which of the following considerations          98.
    is not taken into account in make
    or buy decision in tax planning ?
    (A) Utilisation of capacity                           (A)
    (B) Inadequacy of funds                               (B)
    (C) Latest technology                                 (C)
    (D) Market for the product                            (D)
99. As per section 44ADA, resident                 99.
    assessee engages in sepcified
    profession has to pay income tax at
                                                                                 ` 50,00,000
    ................. of Gross Receipts not
    exceeding ` 50,00,000 in a previous
    year.
    (A) 30%                                               (A) 30%

    (B) 8%                                                (B) 8%

    (C) 50%                                               (C) 50%

    (D) 10%                                               (D) 10%

100. Rebate for resident individual                100.                      2019-20
    having total income upto ` 3,50,000                          1961             87-A
    for AY 2019-20 under section 87-A                           ` 3,50,000
    of Income Tax Act, 1961 is :
    (A) 100% of Income Tax or ` 2,000                     (A)                100%
         which is lower                                         ` 2,000
    (B) 100% of Income Tax or ` 5,000                     (B)                100%
         whichever is lower                                     ` 5,000
    (C) 100% of Income Tax or ` 2,500                     (C)                100%
         whichever is lower                                     ` 2,500
    (D) 100% of Income Tax or ` 3,500                     (D)                100%
         whichever is lower                                     ` 3,500

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ROUGH WORK




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Source: Savitribai Phule Pune University. Question paper published by Savitribai Phule Pune University.