Classical

Advanced Questions - Section 7

1:  

Which of the following methods of inven­tory valuation results in lower valuation of inventory and low income when inflation is on the rise?

A.

LTFO

B.

FIFO

C.

Simple average method

D.

Weighted average method

 
 

Option: C

Explanation :

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2:  

The nature of Cross-price elasticity of demand in case of complementary products will be

A.

Positive

B.

Negative

C.

(A) and (B) both

D.

Zero

 
 

Option: C

Explanation :

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3:  

Arrange the following concepts/acts in the order in which they came into force

(i) Competition Act.

(ii) Foreign Exchange Management Act.

(iii) Consumer Protection Act.

(iv) Securities and Exchange Board of India Act.

A.

(iii) (iv) (ii) (i)

B.

(iv) (iii) (i) (ii)

C.

(i) (ii) (iv) (iii)

D.

(ii) (i) (iii) (iv)

 
 

Option: A

Explanation :

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4:  

Match the following

List-I                            List-II

(A) Capital Market    (i) IRDA

(B) Monetary Policy   (ii) SEBI

(C) Telecom              (iii) RBI

(D) Insurance           (iv) TRAI

A.

Code:

(a) (b) (c) (d)

(ii) (iii) (i) (iv)

B.

Code:

(a) (b) (c) (d)

(ii) (iii) (iv) (i)

C.

Code:

(a) (b) (c) (d)

(ii) (iv) (iii) (i)

D.

Code:

(a) (b) (c) (d)

(ii) (i) (iv) (iii)

 
 

Option: B

Explanation :

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5:  

Arrange the following in the order in which they are practised

(i) Promotion

(ii) Performance appraisal

(iii). Recruitment

(iv) Training and Development

A.

(iii) (ii) (iv) (i)

B.

(iii) (ii) (i) (iv)

C.

(iii) (i) (iv) (ii)

D.

(iii) (iv) (ii) (i)

 
 

Option: D

Explanation :

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UGC NET Commerce Paper 3

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