Classical

December 2013 - Paper3

1:  
The present regime of subsidies can be improved by focussing on
(i) Reducing the overall scale of subsidies.
 
(ii) Making subsidies as transparent as possible.
 
(iii) Giving a specific amount to the Member of parliament for subsidies.
 
(iv) Setting clear limits on duration of any new subsidy scheme.
 
(v) Eliminating system of periodic review of subsidies
 
(vi) Using subsidies for well-defined economic objectives.
A.

(i), (ii), (iii) and (iv)

B.
(ii), (iii), (iv) and (v)
C.
(i), (iii), (iv) and (vi)
D.
(i), (ii), (iv) and (vi)
 
 

Option: D

Explanation :


2:  
Which of the following is not regulated by The Competition Act, 2002?
A.

Abuse of dominant position

B.

Anti-competitive agreements

C.

Medical negligence

D.

Predatory pricing

 
 

Option: C

Explanation :


3:  
The freedom of private enterprise is the greatest in the free market economy. This is characterized by which of the following assumptions?
 
(i) The facrors of production (labour, land, capital) are privately owned and production occurs at the initiative of the
private enterprise.
 
(ii) Income is received in monetary form by the sale of services o'f the factors of production and from the profits of the private enterprise.
 
(iii) Members of the free market economy have freedom of choice in so far as consumption, occupation, savings ' and investments are concerned.
 
(iv) The free market economy is not planned, controlled or regulated by the government.
 
(v) The free market economy is prone to corrupt practices.
A.

(i),(ii) and (iii)

B.

(i), (ii), (iii) and (iv)

C.

(i), (ii), (iii), (iv) and (v) 

D.

(ii), (iii), (iv) and (v)

 
 

Option: C

Explanation :


4:  
The important responsibilities of a business to the customers are
 
(i) To ensure family welfare of the customers.
 
(ii) To understand customer needs and to take the necessary measures to satisfy these needs.
 
(iii) To ensure health condition of the customers.
 
(iv) To ensure that the product supplied has no adverse effect on the customer.
 
(v) To provide an opportunity for being heard and' to redress genuine grievances.
 
A.

(i), (ii), (iii), (iv) and (v)

B.

(i), (ii), (iii) and (iv)

C.

(ii), (iv) and (v)

D.

(ii), (iii), (iv) and (v)

 
 

Option: D

Explanation :


5:  
The rationale of expanding role of the public sector stems mainly from which of the following factors?
 
(i) The failure of the private sector in certain crucial areas
 
(ii) The exploitation of the society by the private sector
 
(iii) The revenue need of the Central Government
 
(iv) The demand of economic justice
 
(v) The need for accelerating the pace of economic growth
A.

(i), (ii), (iii) and (iv)

B.

(ii), (iii), (iv) and (v)

C.

(i), (iii), (iv) and (v)

D.

(i). (ii), (iv) and (v)

 
 

Option: D

Explanation :




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  • This section contains UGC NET  Commerce solved Papers for December 2013.
  • This exam was held by University Grant Commission on 29th Dec 2013.
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