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

  • UGC NET Commerce Paper 3 Objective type questions answers can be used for the preparation of quizzes by any commerce student.
  • UGC NET Commerce Paper 3 objective type questions answers can be used in the preparation of ugc net commerce exams.
  • UGC NET Commerce Paper 3 multiple choice questions answers can be used to gain a credit score in various undergraduate and post graduate commerce courses like B com and Mcom
  • This section can also be used by  Environment students for improving their knowledge in UGC NET Commerce Paper 3.
  • These mcq can also be used by any student of XI or XII standard who has opted to study commerce to increase his knowledge in UGC NET Commerce Paper 3.