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MH SET 2024: 7 April, Paper II, Commerce

  • Date: 7 April 2024
  • Paper code: APR-50224
  • 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) .........................................
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      (Name) ................................................
                                                                                  Seat No. ..............................................................
2. (Signature) .........................................                                              (In words)
      (Name) ................................................                 OMR Sheet No.
APR - 50224                                                                                         (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.
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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
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APR - 50224/II—A




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APR - 50224/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.   Which of the following is not a              1.
                                                            WTO
     principle of WTO ?
                                                        (A)
     (A) Free Trade
                                                        (B)
     (B) Non-discrimination
                                                        (C)
     (C) Fair Competition
     (D) Discrimination                                 (D)

2.   Disequilibrium in the balance of             2.
     payment is caused by which
     economic factor ?
                                                        (A)
     (A) Secular disequilibrium
                                                        (B)
     (B) Religious disequilibrium
     (C) Uniform disequilibrium                         (C)

     (D) Inconsistent disequilibrium                    (D)
3.   Identify a factor that doesn’t play an       3.
     important role in attracting FDI.                      FDI

     (A) Laws, Rules and Regulation
                                                        (A)
     (B) Administrative procedure
                                                        (B)
     (C) Cost of Resources
                                                        (C)
     (D) Language
                                                        (D)
                                              3                             [P.T.O.
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4.   Which of the following is not a           4.
     characteristic of joint venture ?

     (A) Equity position held by each of            (A)
         the partner
                                                    (B)
     (B) Possible only with legally
         incorporated entities
                                                    (C)
     (C) Intent by partner to share in
         the management

     (D) One of the partners acquires               (D)

         complete stock of the other

5.   Who proposed the theory of                5.
     competitive advantage ?

     (A) David Ricardo                              (A)

     (B) Bruce Kogur                                (B)

     (C) Michael Gannon                             (C)

     (D) Adam Smith                                 (D)

6.   Which of the following is not the         6.

     level   of   Regional     economic
     integration ?
                                                    (A)
     (A) Customs union
                                                    (B)
     (B) Common market
                                                    (C)
     (C) Economic union

     (D) National union                             (D)

                                           4
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7.   Which of the following is not the goal       7.
     of Corporate Social Responsibility
     (CSR) ?
                                                       (A)
     (A) Ensure           environmental
         sustainability

     (B) Promote       empowerment of                  (B)
         women and depressed classes
                                                       (C)
     (C) Develop awareness about issues
         of social concern

     (D) To acquire benefits and tax                   (D)

         concession from the Govt.

8.   Which of the following is not a mode         8.
     of entry to International business ?

     (A) Direct exporting                              (A)

     (B) Indirect exporting                            (B)

     (C) Intercorporate transfers                      (C)
     (D) Personalised sales contract                   (D)
9.   Which of the following entry                 9.
     strategy is adopted by Mcdonald’s in
     International market ?
                                                       (A)
     (A) Licensing
                                                       (B)
     (B) Strategic alliance
                                                       (C)   Franchising
     (C) Franchising
                                                       (D)
     (D) Acquisition

                                              5                            [P.T.O.
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10. Which of the following type of FDI            10.
    includes creation of new assets and
    production facility in the host
    country ?
                                                        (A)
     (A) Strategic alliances
                                                        (B)
     (B) Merger and acquisition
                                                        (C)               Brownfield
     (C) Brownfield investment
     (D) Greenfield investment                          (D)

11. Which one of the following is the             11.
    example of representative personal
    account ?
                                                        (A)
     (A) Salary and wages account
                                                        (B)
     (B) Loss due to fire account
     (C) Bad debts account                              (C)

     (D) Pre-paid salary account                        (D)
12. X and Y are partners sharing profits          12. X          Y                    3 : 1
    in the ratio of 3 : 1. They admit Z                                       Z      4,000
    as a partner who pays ` 4,000 as
    goodwill. The new profit ratio being                                             2 : 1 : 1
    2 : 1 : 1 among X, Y and Z                            X, Y        Z
    respectively. The amount of goodwill
    will be credited to ................. .
     (A) X and Y as ` 3,000 and ` 1,000                 (A) X     Y               3,000
         respectively                                       1,000
     (B) X only                                         (B) X
     (C) Y only                                         (C) Y
     (D) X and Y as ` 2,500 and ` 1,500                 (D) X     Y               2,500
         respectively                                       1,500
                                              6
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13. By way of .............. company can keep       13.
    its shareholders happy without
    impairing the financial position and
    liquidity of the company.
                                                          (A)
     (A) Issue of Bonus share
                                                          (B)
     (B) Issue of right share
                                                          (C)
     (C) Red herring prospectus
     (D) Opening escrow account                           (D)

14. Pre-acquisition profit in subsidiary            14.
    company is considered as :
     (A) Revenue profit                                   (A)

     (B) Goodwill                                         (B)

     (C) Capital profit                                   (C)

    (D) Outsiders liability                               (D)
15. The ratio of variable cost to sales is
                                                    15.                           70%
    70%. The B.E. Point occurs at 80%
                                                                      80%
    capacity. Find 100% capacity sales                                               100%
    when fixed cost is ` 6,00,000.
    Assume that P/V Ratio, variable cost
    ratio are complement each other.
                                                          (A) 25,00,000
    (A) ` 25,00,000
    (B) ` 20,00,000                                       (B) 20,00,000
    (C) ` 30,00,000                                       (C) 30,00,000
    (D) ` 40,00,000                                       (D) 40,00,000
16. What is the index of conservatism               16.
    in capital structure ?
     (A) Working Capital Ratio                            (A)

     (B) Operating Ratio                                  (B)
                                                          (C)
     (C) Price Earning Ratio
     (D) Proprietory Ratio                                (D)
                                                7                                   [P.T.O.
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17. The Audit that is compulsory as per         17.
    the Law is termed as a ..............
    (A) Statutory Audit                               (A)
    (B) Management Audit                              (B)
    (C) Internal Audit                                (C)
    (D) Balance Sheet Audit                           (D)
18. AS-15 deals with :                          18. AS-15
    (A) Employee benefits                             (A)
    (B) Lease
                                                      (B)      Lease
    (C) Construction contract
                                                      (C)
    (D) Impairment of assets
                                                      (D)
19. Activity Based Management aims
                                                19.
    at :
    (A) Improving general management
                                                      (A)
    (B) Eliminating non-value adding
                                                      (B)
        activities
    (C) Identifying costs with cost
                                                      (C)
        drivers
    (D) Managing the normal loss
                                                      (D)
20. The replacement cost approach for           20.
    valuing human resources was
    developed by :
                                                      (A)   Pyle
    (A) Pyle
                                                      (B)            Rensis Likert
    (B) Rensis Likert
                                                      (C)            David Watson
    (C) David Watson
                                                      (D)   Shultz
    (D) Shultz
                                            8
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21. Business economics is micro                  21.
    economics in character, this is so
    because :
                                                       (A)
     (A) It studies that problems of an
         individual business unit
     (B) It is related to resources                    (B)

     (C) It studies the market                         (C)
     (D) It influences on national income              (D)
22. The main objective of business firm          22.
    is to :
     (A) Undertake      a    process   of
                                                       (A)
         production
     (B) Undertake      profit   making                (B)
         process
                                                       (C)
     (C) Undertake social activities
                                                       (D)
     (D) Undertake national activities
23. The cross price elasticity of demand         23.
    for products Rolex and Bollix is 10.                                   10
    It implies that Rolex and Bollix are :
     (A) Substitutes Goods
                                                       (A)
     (B) Complements Goods
                                                       (B)
     (C) Independent Goods
                                                       (C)
     (D) Inferior Goods                                (D)
24. A consumer consuming two goods               24.
    will be in equilibrium when the
    marginal utilities is from both goods
    are :
     (A) Maximum                                       (A)
     (B) Minimum                                       (B)
     (C) Equal                                         (C)
     (D) Zero                                          (D)

                                             9                         [P.T.O.
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25. If a change in all inputs leads to a          25.
    proportional change in the output it
    is case of :
    (A) Increasing returns to scale                     (A)
    (B) Constant returns to scale                       (B)
    (C) Diminishing returns to scale                    (C)
    (D) Variable returns to scale                       (D)
26. Marginal product of labour is the :           26.
    (A) Cost of employing labour for
          producing one more unit of                    (A)
          output
    (B) Change in output from using                     (B)
          one more unit of labour
    (C) Change in revenue from selling                  (C)
          one more unit of output
    (D) Change in revenue from using                    (D)
          one more unit of labour
27. Match the following :                         27.
                  List I                                                     I
    (a) Total cost                                      (a)
    (b) Marginal cost                                   (b)
    (c) Average cost                                    (c)
    (d) Average variable cost
                                                        (d)
                  List II
                                                                             II
    (i) Total variable cost       quantity
                                                        (i)
    (ii) Total fixed cost      quantity
                                                        (ii)
    (iii)    Total cost      quantity
                                                        (iii)
    (iv) Total fixed cost + Total variable
                            cost                        (iv)
    Codes :
          (a)   (b) (c)     (d)                             (a)     (b)     (c)     (d)
    (A) (i)     (ii) (iii) (iv)                         (A) (i)     (ii)    (iii)   (iv)
    (B) (ii)    (i)   (iii) (iv)                        (B) (ii)    (i)     (iii)   (iv)
    (C) (iv) (iii) (ii) (i)                             (C) (iv)    (iii)   (ii)    (i)
    (D) (iii) (iv) (ii) (i)                             (D) (iii)   (iv)    (ii)    (i)
                                             10
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28. Under which competition a firm                  28.
    exercises some control over the
    price ?                                               (A)
    (A) Monopoly
                                                          (B)
    (B) Perfect
                                                          (C)
    (C) Monopolistic
    (D) Oligopoly                                         (D)
29. In pure oligopoly there is                      29.
    competition among :
                                                          (A)
    (A) few firms producing identical
         products                                         (B)
    (B) few firms producing different
         products                                         (C)
    (C) few firms producing essential
         products
    (D) few firms producing electric
         products                                         (D)
30. To achieve efficiency in the use                30.
    resources which pricing policy is used
    by regulated Public Utility
    companies :
                                                          (A)
    (A) Peak-load pricing
    (B) Tariff pricing                                    (B)
    (C) Interdependent pricing                            (C)
    (D) Transfer pricing                                  (D)
31. The cost of retained earnings to the            31.
    shareholders is basically ..............
    (A) a dividend that would be paid
                                                          (A)
         to shareholders
    (B) an interest that would be paid
         to the bank                                      (B)
    (C) a marginal cost on capital
         invested                                         (C)
    (D) an opportunity cost of such                       (D)
         funds to shareholders
                                               11                         [P.T.O.
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32. The tax benefit is attracted in case                32.
    of which of the following element of
    cost of capital ?
                                                              (A)
    (A) Cost of equity
                                                              (B)
    (B) Cost of preference shares
    (C) Cost of retained earnings                             (C)

    (D) Cost of debt                                          (D)
33. Which of the following is not a                     33.
    feature of optimal capital structure ?
    (A) The company should make
                                                              (A)
          maximum use of leverage at a
          minimum cost
    (B) The capital structure should be
          flexible to be able to meet the                     (B)
          changing conditions
    (C) The capital structure should
                                                              (C)
          involve minimum dilution of
          cost of company
    (D) The company should make
          minimum use of leverage at                          (D)
          minimum cost
34. Average Investment =                                34.         =
          Initial Investment + Salvage Value
    (A)                                                       (A)
                            2

          Total Investment + Salvage Value
    (B)                                                       (B)
                           2

    (C)                                                       (C)

    (D)   (Initial Investment–Salvage Value)   2              (D)

                                                   12
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35. When the current liabilities exceed          35.
    the current assets the situation is
    termed as :
                                                       (A)
    (A) Gross Working Capital
    (B) Negative Working Capital                       (B)

    (C) Temporary Working Capital                      (C)

    (D) Adjusted Working Capital                       (D)
36. Which of the following is not a non-         36.
    diversifiable risk ?
    (A) Interest rate risk                             (A)
    (B) Purchasing power risk                          (B)
    (C) Operating risk                                 (C)
    (D) Market risk                                    (D)
37. Which of the following is not feature        37.
    of foreign exchange market ?
    (A) No     existence   of   physical
         location of market                            (A)
    (B) The mammoth size of the
                                                       (B)
         market
    (C) Foreign exchange market works                  (C)                   24 × 7
         on 24 × 7 basis
    (D) It is not an organised market
         like other financial market                   (D)

38. Which of the following is not a              38.
    technique of hedging ?
    (A) Swaps                                          (A)        (Swap)
    (B) Options                                        (B)       (Options)
    (C) Futures                                        (C)    (Future)
    (D) Spot                                           (D)   (Spot)
                                            13                                    [P.T.O.
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39. An Indian Company can raise                      39.
    finance from the American investors
    by issue of which of the following
    financial instrument ?                                 (A)
    (A) American Depository Receipts
                                                           (B)
    (B) Global Depository Receipts
                                                           (C)
    (C) External Commercial Borrowings
    (D) Promissory notes                                   (D)
40. The current bank interest of America             40.
    and India are 4.5% and 8.5%                                        4.5%    8.5%
    respectively. The present spot
    market rate of exchange in US $ is                     62.10              12
    ` 62.10. What would be the twelve
    month forward rate ?                                   (A) 67.37
    (A) 67.37                                              (B) 64.47
    (B) 64.47
                                                           (C) 62.10
    (C) 62.10
                                                           (D) 66.10
    (D) 66.10
                                                     41.                           Data
41. When an observation in the data is
    zero, then its geometric mean is :
    (A) Negative                                           (A)
    (B) Zero                                               (B)
    (C) Positive                                           (C)
    (D) Cannot be calculated                               (D)
42. Karl Pearson’s coefficient             of        42.
    skewness lies between ..............
    (A) (–)4 and (+)4                                      (A) (–)4     (+)4

    (B) (–)3 and (+)3                                      (B) (–)3     (+)3

    (C) (–)2 and (+)2                                      (C) (–)2     (+)2

    (D) (–)1 and (+)1                                      (D) (–)1     (+)1
                                                14
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43. Regression analysis uses to study .....        43.

     (A) The degree of association
                                                         (A)
         between variables
                                                         (B)
     (B) The data variability

     (C) The alternative best solution                   (C)

     (D) The casual relationship between                 (D)

         two or more variables

44. A box contains 8 white and 3 red               44.               8      3

     balls. If two balls are drawn at
     random, find the probability that
     one is white and one is red.

     (A) 3/55                                            (A) 3/55

     (B) 28/55                                           (B) 28/55

     (C) 24/55                                           (C) 24/55

     (D) 4/55                                            (D) 4/55

45. In the context of testing of                   45.

     hypothesis, which of the following
     hypothesis is being tested ?
                                                         (A)
     (A) Alternative hypothesis
                                                         (B)
     (B) Null hypothesis
                                                         (C)
     (C) Alternative and null hypothesis

     (D) Descriptive hypothesis                          (D)


                                              15                                   [P.T.O.
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46. The coefficient of correlation :             46.
    (A) varies between + 1                             (A) + 1
    (B) has no limit                                   (B)
    (C) can be less than 1                             (C) 1
    (D) can be more than 1                             (D) 1
47. Which of the following factors does          47.
    not usually affect the width of a
    confidence interval ?
                                                       (A)
    (A) Sample size
                                                       (B)
    (B) Confidence desired
    (C) Variability in the population                  (C)
    (D) Population size                                (D)
48. Which is a necessary but not                 48.
    sufficient condition of the test of
    goodness of measures ?
                                                       (A)
    (A) Test of validity
                                                       (B)
    (B) Reliability
    (C) Measurement                                    (C)
    (D) Test of sensitivity                            (D)
49. Which one of the following                   49.
    statements is false ?
                                                       (A)   (alpha)               I
    (A)    (alpha) is called Type-I error
    (B)    (beta) is called Type-II error              (B)   (beta)           II
    (C) 1 – (alpha) is called power of                 (C) 1 –     (alpha)
         the test
    (D) 1 – (beta) is called power of
         the test                                      (D) 1 -   (beta)
50. Which of the following samples is not        50.
    a probability sample design ?
    (A) Quota sample                                   (A)         Quota
    (B) Stratified sample                              (B)            Stratified
    (C) Cluster sample                                 (C)
    (D) Systematic Random Sample                       (D)
                                            16
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51. Which of the following is not a
                                                  51.
    specific requirement for being a
    successful      Human      Resource
    Manager ?
    (A) Understanding         of    legal
        requirements
                                                        (A)
    (B) General Management skills and
        abilities                                       (B)
    (C) Fundamental understanding of
        other functional areas                          (C)
    (D) A degree in Human Resource
        Management                                      (D)

52. When organisations are downsizing             52.
    the number of employees in a
    particular hierarchy, this strategy is
    termed as :                                         (A)
    (A) Growth                                          (B)
    (B) Retrenchment
                                                        (C)
    (C) Stability
    (D) Business                                        (D)

53. A National level hotel chain                  53.
    established a plan that describes,
    how top managers will be promoted
    throughout the organisation
    overtime, this is called as :
                                                        (A)
    (A) Demand forecasting
                                                        (B)
    (B) The social context
    (C) Empowerment                                     (C)
    (D) Exclusive succession                            (D)
                                             17                         [P.T.O.
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54. Which of the following is not a likely          54.
     factor in determining an organisation’s
     compensation strategy ?
                                                          (A)
     (A) The organisation’s ability to pay

     (B) The organisation’s legal context                 (B)
     (C) Location of the organisation
                                                          (C)
     (D) The      organisation’s        job
         classification system                            (D)

55. Which of the following factors can              55.
     enhance     the   effectiveness     of
     collective bargaining ?
                                                          (A)
     (A) Middle level management

     (B) Lateral factor                                   (B)

     (C) Vertical factor                                  (C)
     (D) Strong unions and effective
                                                          (D)
         leadership

56. Which of the following theories                 56.

     states that people are motivated by
     existence needs, relatedness needs
     and growth needs ?
                                                          (A)
     (A) Herzberg theory

     (B) Maslow theory                                    (B)

     (C) Alderfer theory                                  (C)

     (D) Vroom theory                                     (D)

                                               18
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57. Which of the following statements            57.
    describes business ethics ?
    (A) Business ethics is cognitive                   (A)
         theory
    (B) Business ethics is regulation                  (B)
    (C) Business ethics is related to                  (C)
         norms
    (D) Business ethics is applied ethics              (D)
         that studies moral standards
         and shows how these can be
         applied to businesses
58. Which of the following techniques is         58.
    used for determining the relative
    worth    of   each    job    in   the
                                                       (A)
    organisation ?
    (A) Performance Appraisal                          (B)

    (B) Job design
                                                       (C)
    (C) Job evaluation
                                                       (D)
    (D) Job description
59. Which of the following is not a type         59.
    of organisational development
    intervention programmes ?
                                                       (A)
    (A) Team Building
                                                       (B)
    (B) Survey Feedback
                                                       (C)
    (C) Leadership development
                                                       (D)
    (D) Case-study

                                            19                         [P.T.O.
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60. ‘Theory Z’ describes the major               60.
    postulates of which management
    practices ?
                                                       (A)
    (A) Indian management practices
                                                       (B)
    (B) British management practices
    (C) Chinese management practices                   (C)

    (D) Japanese management practices                  (D)

61. Match the following :                        61.
              Group A
    (a) Money market                                   (a)
    (b) Capital market                                 (b)
    (c) Primary market
                                                       (c)
    (d) Secondary market
                                                       (d)
              Group B
    (1) Newly issued securities
                                                       (1)
    (2) Long     term           financial
        instruments                                    (2)

    (3) Short     term          financial              (3)
        instruments
                                                       (4)
    (4) Stock Exchange
    Codes :
                                                             (a)   (b)   (c)   (d)
        (a)   (b)   (c)   (d)
                                                       (A) (1)     (4)   (2)   (3)
    (A) (1)   (4)   (2)   (3)
                                                       (B) (3)     (2)   (1)   (4)
    (B) (3)   (2)   (1)   (4)
                                                       (C) (1)     (2)   (3)   (4)
    (C) (1)   (2)   (3)   (4)
                                                       (D) (3)     (4)   (2)   (1)
    (D) (3)   (4)   (2)   (1)

                                            20
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62. Which of the following is included         62.
    in the definition of foreign bank ?
    (A) A Bank having head office in
                                                     (A)
         India and operations abroad
    (B) A Bank having head office
         abroad but operations in India              (B)
    (C) A Bank having head office
         abroad with no business in                  (C)
         India
    (D) A Bank which is established
         abroad and having subsidiary                (D)
         in India
63. The Reserve Bank of India                  63.
    influences liquidity and interest
    rates through a number of operating
    instruments. Which among the
    below is incorrect ?                             (A)
    (A) Open Market Operations                       (B)
    (B) Repos
                                                     (C)
    (C) Change in Bank Rates
    (D) Distorted Bank Policy                        (D)
64. Which of the following can be              64.
    regarded as reinsurance ?
                                                     (A)
    (A) A Ltd. has undertaken a risk in
        collaboration with B Ltd.
    (B) A Ltd. has undertaken a risk.                (B)
        The same risk is later
        undertaken by B Ltd. from A
        Ltd.
    (C) A Ltd. and B Ltd. came                       (C)
        together to jointly undertake a
        risk
    (D) A Ltd. has undertaken a risk                 (D)
        and cancelled

                                          21                         [P.T.O.
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65. A money market where funds are                  65.
    traded up to a period ranging
    between three months to one year
    is :                                                  (A)

    (A) Call money                                        (B)
    (B) Notice money
                                                          (C)
    (C) Term money
                                                          (D)
    (D) Liquid money

66. Unsecured short-term promissory                 66.
    note issued at a discount by credit-
    worthy corporates, primary dealers
    and all India financial institution is :

    (A) Commercial Bills                                  (A)

    (B) Commercial Paper                                  (B)

    (C) Certificate of deposits                           (C)

    (D) Treasury Bills                                    (D)
67. Which Act among the below is                    67.
    governing specific banking function ?

    (A) The Indian Coinage Act, 1906

    (B) The Bankers Books Evidence                        (A)        1906

           Act, 1891
                                                          (B)                 1891
    (C) The Negotiable Instruments
           Act, 1881                                      (C)          1881
    (D) The Banking Companies Act,
                                                          (D)        1970/1980
           1970/1980

                                               22
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68. Which of the following is not a               68.                           Business
     challenge    faced     by   business               Correspondence
     correspondents model ?
     (A) High maintenance cost                          (A)
     (B) Small size of transactions                     (B)
     (C) Low telecommunication access                   (C)
     (D) Physical proximity and access                  (D)
         with customers
69. Which of the following is not the type        69.
     of digital banking ?
     (A) Unified payment interface                      (A)
     (B) Internet Banking                               (B)
     (C) Mobile Banking                                 (C)
     (D) Central Banking System                         (D)
70. The cause of loss must be direct and          70.
     an insured one in order to claim for
     compensation. Which principle of
     insurance mean the above ?
                                                        (A)
     (A) Principle of Indemnity
                                                        (B)
     (B) Principle of Subrogation
     (C) Principle of Causa proxima                     (C)
     (D) Principle of utmost good faith                 (D)
71. Which one of the following is                 71.
     controllable variable of marketing
     management ?
                                                        (A)
     (A) Environment
                                                        (B)
     (B) Competition
     (C) Consumer                                       (C)
     (D) Price                                          (D)
                                             23                                    [P.T.O.
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72. A group of closely related products         72.
    constitute a ................... .
    (A) Product Mix                                   (A)

    (B) Product Quality                               (B)
    (C) Uniformity                                    (C)
    (D) Product line                                  (D)
73. What are two ways of increasing line        73.
    and     length     in      product
    management ?
    (A) Line extension and category                   (A)
        extension
    (B) Brand extension and product                   (B)
        extension
                                                      (C)
    (C) Line stretching and line filling
    (D) Line elastic and category                     (D)
        extension
74. Which one of the following models           74.
    describes that buyer is a rational
    man and his buying decisions are
    governed by the concept of utility ?              (A)
    (A) The learning model
                                                      (B)
    (B) The systems model
                                                      (C)
    (C) The economic model
                                                      (D)
    (D) The psychological model
75. Which one of the following                  75.
    represents consumer’s reference
    group ?
                                                      (A)
    (A) Hybrid groups
                                                      (B)
    (B) Digital groups
    (C) Media groups                                  (C)
    (D) Intimate groups                               (D)
                                           24
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76. The habit of the people to analyse              76.
    the information completely and
    interpreting, it is called as ..........
                                                          (A)
    (A) Self-actualisation
                                                          (B)
    (B) Selective attention
                                                          (C)
    (C) Selective distortion

    (D) Selective retention                               (D)

77. Which of the following is not a                 77.
    pricing method ?
                                                          (A)
    (A) Differentiated pricing
                                                          (B)
    (B) Cost based pricing
                                                          (C)
    (C) Affordability based pricing

    (D) Leverage pricing                                  (D)

78. Which of the following is not a                 78.
    unique feature of services ?

    (A) Heterogeneity                                     (A)

    (B) Intangibility                                     (B)

    (C) Perishability                                     (C)
                                                          (D)
    (D) Durability

79. Which of the following metric is used           79.
    for measuring customer value ?

    (A) Short-term value                                  (A)
    (B) Relationship value                                (B)
    (C) Satisfaction value                                (C)

    (D) Customer life time value                          (D)

                                               25                         [P.T.O.
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80. Which of the following refers to a              80.
    situation in which a company or
    brand seeks to ride on the publicity
    value of a major event without
    sponsoring the event ?
                                                          (A)
    (A) Dependent marketing
                                                          (B)
    (B) Survival marketing

    (C) Ambush marketing                                  (C)

    (D) Skill marketing                                   (D)
81. Which among the below is essential              81.
    for a valid contract of agency ?

    (A) The agent need not have                           (A)
        capacity to contract

    (B) The principal should have
                                                          (B)
        capacity to contract

    (C) Consideration is a must for
                                                          (C)
        appointing an agent

    (D) The principal should not be
        competent but the agent should                    (D)
        be competent to contract

82. Quality or fitness of goods for any             82.
    particular purpose has no ............ .

    (A) Implied Condition                                 (A)

    (B) Implied Warranty                                  (B)

    (C) Express Condition                                 (C)

    (D) Express Warranty                                  (D)

                                               26
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83. When transfer of property in goods               83.
    is to take place at future time or
    subject to some conditions thereafter
    to be fulfilled, the contract is called :
     (A) Contract of sale                                  (A)

     (B) Contract of future goods                          (B)
     (C) Contract of specific goods                        (C)

     (D) Agreement to sell                                 (D)
84. Non-acceptance is a valid mode of                84.
    dishonour for :
     (A) Cheque                                            (A)
     (B) Promissory Note                                   (B)
     (C) Bill of Exchange                                  (C)
     (D) Bank Draft                                        (D)
85. Which among the following is not                 85.
    a content of memorandum of
    association of a company ?
     (A) Name clause                                       (A)
     (B) Liability clause                                  (B)
     (C) Capital clause                                    (C)
     (D) Preliminary clause                                (D)
86. Which of the following is a                      86.
    horizontal agreement ?
     (A) Cartel                                            (A)
     (B) Exclusive distribution                            (B)
     (C) Resale price maintenance                          (C)
     (D) Tie in arrangement                                (D)

                                                27                         [P.T.O.
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87. The advantages of which forms of
                                                87.                    2008
    business        organization      is
    incorporated in Limited Liability
    Partnership (LLP) Act, 2008 ?
    (A) Private Ltd. Co. and Public Ltd.
        Co.                                           (A)

    (B) Sole proprietorship firm and                  (B)
        partnership firm
    (C) Partnership firm and Private                  (C)
        Co.
                                                      (D)
    (D) Partnership firm, Private Ltd.
        Co. and Public Ltd. Co.
88. Which section of Information                88.
    Technology Act, 2002 deals with
    hacking of Computer system and its                          2002
    penalties ?
    (A) Section 65                                    (A)   65

    (B) Section 66                                    (B)   66

    (C) Section 62                                    (C)   62
    (D) Section 67                                    (D)   67
89. Right to information is not about           89.
    seeking    answers     and   asking
    questions, this statement is very                              2005
    closely related to which section of
    Right to Information Act, 2005 ?
                                                      (A)   3
    (A) Section 3
                                                      (B)   2(h)
    (B) Section 2 (h)
    (C) Section 2 (n)                                 (C)   2(n)

    (D) Section 2 (j)                                 (D)   2(j)

                                           28
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90. Artistic work such as musical work,         90.
    film, poems are included under
    which category of intellectual
    property rights ?                                 (A)
    (A) Patent
                                                      (B)
    (B) Trademark
                                                      (C)
    (C) Copyright
                                                      (D)
    (D) Intangible Right
91. As per Sec. 288A of the Income Tax          91.                      288
    Act, the taxable income shall be
    rounded off to the nearest multiple
    of ...............                                (A) Rs. 1,000
    (A) Rs. 1,000
                                                      (B) Rs. 100
    (B) Rs. 100
                                                      (C) Rs. 10
    (C) Rs. 10
    (D) Re. 1                                         (D) Re. 1
92. Income Tax is collected on all types        92.
    of income except ............
    (A) Income from salary
                                                      (A)
    (B) Income from Lottery                           (B)
    (C) Agriculture Income                            (C)
    (D) Income from Capital Gain                      (D)
93. As per Income Tax Act which of the          93.
    following property income is not
    exempted from tax ?
    (A) Income from Farm House                        (A)
    (B) Property income of a local                    (B)
        authority
                                                      (C)             Letout
    (C) Income from letout of house
        property
    (D) Property income of a political                (D)
        party
                                           29                                   [P.T.O.
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94. As per Income Tax Act (Refering old                94.
    regime of taxation) the special
    allowance is granted to the members
    of armed forces in the nature of
    Island (duty) allowance in Andaman
    and Nicobar and Lakshadweep
    group of Islands is exempted upto
    .......... per month.                                    (A) ` 5,000
    (A) ` 5,000 p.m.                                         (B) ` 3,000
    (B) ` 3,000 p.m.
                                                             (C) ` 6,000
    (C) ` 6,000 p.m.
    (D) ` 3,250 p.m.                                         (D) ` 3,250
95. Tax is deducted at source U/s. 194B                95.                     194B     194BB
    and 194BB on payments in respect
    of winnings from lotteries or
    crossword puzzle or card games and
    other game of any sort exceeding
    ` 10,000 is at ...................
                                                             (A) 10%
    (A) 10%
    (B) 20%                                                  (B) 20%
    (C) 25%                                                  (C) 25%
    (D) 30%                                                  (D) 30%
96. As per provision of section 80U of                 96.                            80U
    the Income Tax Act, if the taxpayers                                               40%
    suffers less than 40% of any
    disability, then the deduction is
    available upto .......................... .
    (A) ` 1,25,000                                           (A) 1,25,000
    (B) ` 1,00,000                                           (B) 1,00,000
    (C) ` 75,000                                             (C) 75,000
    (D) ` 50,000                                             (D) 50,000
97. For which of the following type of                 97.
    transaction harber rules as per
    Income Tax Act Sec. 92CB are not                                             92CB
    applicable ?
    (A) Software Development Services
                                                             (A)
    (B) Information              Technology
           Enabled Services                                  (B)
    (C) Beauty Care Services                                 (C)
    (D) Manufacture and Export of core                       (D)
           Auto Components
                                                  30
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98. As per Income Tax Act, if a domestic                  98.
    company has exercised the option of
    Sec. ............., the provisions of
                                                                                      115JB
    minimum alternative tax U/s 115JB
    are not applicable.
                                                                 (A) 105 AB
    (A) 105 AB

    (B) 115 BAA                                                  (B) 115 BAA

    (C) 115 BA                                                   (C) 115 BA

    (D) 115 JAB                                                  (D) 115 JAB

99. Reducing or negating the tax                          99.
    liability in legally permissible ways
    and had legal sanction is called
    as .................... .
                                                                 (A)
    (A) Tax Planning
                                                                 (B)
    (B) Tax Deduction

    (C) Tax Concession                                           (C)

    (D) Tax Avoidance                                            (D)

100. As per Income Tax, provision of                      100.
    ..................... is applicable for double
    taxation relief in case of specified
    association.
                                                                 (A)     90
    (A) Sec. 90
                                                                 (B)     91
    (B) Sec. 91
                                                                 (C)     90A
    (C) Sec. 90A

    (D) Sec. 95                                                  (D)     95

                                                     31                                  [P.T.O.
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ROUGH WORK




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