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December 2010 - Paper 2

1:  

The MRTP Act, 1969 was abolished in

A.

1991

B.

2002

C.

2006

D.

None of the above

 
 

Option: B

Explanation :

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2:  

Match the following:

List-I List-II

(i) Law of demand (1) Giffen is fully goods applicable

(ii) Law of demand (2) Veblon is not goods applicable at all

(iii) Law of demand (3) Normal is partly goods applicable

A.

(i) (ii) (iii)

1   2   3

B.

(i) (ii) (iii)

2   3   1

C.

(i) (ii) (iii)

3   1   2

D.

(i) (ii) (iii)

2   1   3

 
 

Option: C

Explanation :

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3:  

Which one of the following is not covered under corporate governance?

A.

Corporate social responsibility

B.

Business ethics

C.

Role of independent directors

D.

Government monitoring

 
 

Option: D

Explanation :

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4:  

Assertion (A): Management of working capital refers to the management of current assets and current liabilities.

Reason (R): But the major thrust of course, is on the management of current assets; because current liabilities arise in the context of current assets.

A.

Both (A) and (R) are incorrect.

B.

(A) is correct and (R) is incorrect.

C.

Both (A) and (R) are correct.

D.

(A) is incorrect, but (R) is correct.

 
 

Option: B

Explanation :

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5:  

Which of the following is not the fund based business of commercial banks?

A.

D. P. Operations

B.

Loans

C.

Deposits

D.

Discounting of Bills

 
 

Option: A

Explanation :

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