Classical

June 2015 - Paper 3

1:  

GNP at market prices — Indirect taxes + subsidies is referred to as :

A.

GNP at factor cost

B.

GDP at factor cost

C.

NNP at factor cost

D.

NDP at factor cost

 
 

Option: A

Explanation :


2:  

EDI system got legal recognition under which one of the following Acts?

A.

Electronics Act, 1996

B.

Right to Data Act, 1998

C.

DGFT Act, 1999

D.

Information Technology Act, 2000

 
 

Option: D

Explanation :


3:  

Following statements are related to futures contracts. Choose the statements that are not true :

(a) Purchase of a futures contract is called short position.

(b) Currency futures are traded on an exchange in standardized form and in fixed quantity.

(c) Default risk in futures contract is high compared to forward contract.

Codes:

A.

only (a) and (b)

B.

only (a) and (c)

C.

(a), (b) and (c)

D.

only (b)

 
 

Option: B

Explanation :


4:  

From the following, identify the trading blocks in the world and choose the correct code :

(a) European Union

(b) North American Free Trade Agreements

(c) South Asian Association of Regional Co-operation

(d) Central American Common Market

(e) Central African Customs Union

Codes:

A.

(a), (b) and (c)

B.

(a), (b), (c) and (d)

C.

(a), (b), (c), (d) and (e)

D.

(a), (b) and (e)

 
 

Option: C

Explanation :


5:  

Match the items of List - I with items of List - II and choose the correct code :

List – I

List – II

(a) Carroll Model

(i) International trade

(b) Corlett - Hague Rule

(ii) Interest rate

(c) Hecksher Ohlin Theorem

(iii) Principles of taxation

(d) Knut Wick sell's Theory

(iv) Social responsibility of business

Codes:

 

 

A.

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

B.

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

C.

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

D.

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

 
 

Option: A

Explanation :




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  • This section contains UGC NET  Commerce solved Papers for June 2015 Exam
  • This exam was held by University Grant Commission on 28th June 2015.
  • You can not download pdf of Commerce UGC NET Solved paper .
  • You can view UGC NET June 2015 Commerce Paper online.
  • You can get a fully solved paper. 
  • This year UGC NET Commerce Exam JUNE 2015 was held at varios CBSE schools across India.