UGC NET Past Year Question Paper II: Commerce (10 July 2016 Shift I) | UGC NET Past Year Papers PDF Download

 Page 1


Paper-II 2  J-08-16 
COMMERCE 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
1. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code 
from the alternatives given : 
 Assertion (A) : Liberalization means corporatisation of departmental undertakings 
and public undertakings. 
 Reasoning (R) : Freedom to public sector undertakings to access capital market. 
 Codes :  
 (1) Both (A) and (R) are true and (R) is correct explanation of (A). 
 (2) Both (A) and (R) are true but (R) is not a correct explanation of (A). 
 (3) (A) is true but (R) is false. 
 (4) (A) is false but (R) is true. 
 
2. Match the items of List – I with List – II and indicate the correct code : 
  List – I List – II
a. Fiscal Policy i. Mitigation of National hazards 
b. Technology Policy ii. Balance of Payment 
c. Macro-Economic Policy iii. Fiscal Federalism 
d. Monetary Policy iv. Inflation 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. Which of the following factor is not directly responsible for slowing down the growth of 
infrastructure ? 
 (1) High level of perceived political risk. 
 (2) High level of sunk cost. 
 (3) High probability of time and cost over-run. 
 (4) Introduction of competition in all sectors. 
 
4. Out of the following which is not a major component of Gross Domestic Product (GDP) ? 
 (1) Personal Consumption Expenditure 
 (2) Gross Private Domestic Investment 
 (3) Net Personal Income 
  (4) Net Exports  
 
5. Which of the following is not a forum of Consumer Dispute Redressal System ? 
 (1) Local forum (2) District forum 
 (3) State Forum (State Commission) (4) National Commission  
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Page 2


Paper-II 2  J-08-16 
COMMERCE 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
1. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code 
from the alternatives given : 
 Assertion (A) : Liberalization means corporatisation of departmental undertakings 
and public undertakings. 
 Reasoning (R) : Freedom to public sector undertakings to access capital market. 
 Codes :  
 (1) Both (A) and (R) are true and (R) is correct explanation of (A). 
 (2) Both (A) and (R) are true but (R) is not a correct explanation of (A). 
 (3) (A) is true but (R) is false. 
 (4) (A) is false but (R) is true. 
 
2. Match the items of List – I with List – II and indicate the correct code : 
  List – I List – II
a. Fiscal Policy i. Mitigation of National hazards 
b. Technology Policy ii. Balance of Payment 
c. Macro-Economic Policy iii. Fiscal Federalism 
d. Monetary Policy iv. Inflation 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. Which of the following factor is not directly responsible for slowing down the growth of 
infrastructure ? 
 (1) High level of perceived political risk. 
 (2) High level of sunk cost. 
 (3) High probability of time and cost over-run. 
 (4) Introduction of competition in all sectors. 
 
4. Out of the following which is not a major component of Gross Domestic Product (GDP) ? 
 (1) Personal Consumption Expenditure 
 (2) Gross Private Domestic Investment 
 (3) Net Personal Income 
  (4) Net Exports  
 
5. Which of the following is not a forum of Consumer Dispute Redressal System ? 
 (1) Local forum (2) District forum 
 (3) State Forum (State Commission) (4) National Commission  
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 J-08-16 3  Paper-II 
¾ÖÖ×ÞÖ?µÖ 
¯ÖÏ¿®Ö¯Ö¡Ö – II 
 
®ÖÖê™ : ‡ÃÖ ¯ÖÏ¿®Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆã-×¾ÖÛ »¯ÖßµÖ ¯ÖÏ¿®Ö Æï … ¯ÖÏŸµÖêÛ ¯ÖÏ¿®Ö Ûê ¤Öê (2) †ÓÛ Æï … ÃÖ³Öß ¯ÖÏ¿®Ö †×®Ö¾ÖÖµÖÔ Æï … 
 
1. ×®Ö´®Ö×»Ö×ÜÖŸÖ †×³ÖÛ £Ö®Ö (A) ‹¾ÖÓ ŸÖÛÔ (R) ¾ÖÖ»Öê Û £Ö®ÖÖë ÆêŸÖã פµÖê ÝÖµÖê ×¾ÖÛ »¯ÖÖë ÃÖê ÃÖÆß Ûæ ™ Û Öê ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
 †×³ÖÛ£Ö®Ö (A) : ˆ¤Ö¸ßÛ ¸ÞÖ Û Ö ŸÖÖŸ¯ÖµÖÔ ×¾Ö³ÖÖÝÖßµÖ ˆ¯ÖÛÎ ´ÖÖë ‹¾ÖÓ ÃÖÖ¾ÖÔ?Ö×®ÖÛ ˆ¯ÖÛÎ ´ÖÖë Ûê ×®ÖÝÖ´ÖßÛ ¸ÞÖ ÃÖê Æî …  
 ŸÖÛÔ (R) : ÃÖÖ¾ÖÔ?Ö×®ÖÛ õÖê¡Ö Ûê ˆ¯ÖÛÎ ´ÖÖë Û Öê ¯ÖæÑ?Öß ²ÖÖ?ÖÖ¸ ´Öë ?ÖÖ®Öê Û ß Ã¾ÖŸÖÓ¡ÖŸÖÖ  
 Ûæ ™ : 
 (1) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ŸÖ£ÖÖ (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) Û ¸ŸÖÖ Æî …  
 (2) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ¯Ö¸®ŸÖã (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) ®ÖÆà Æî …  
 (3) (A) ÃÖÆß Æî ¯Ö¸®ŸÖã (R) ÝÖ»ÖŸÖ Æî … 
 (4) (A) ÝÖ»ÖŸÖ Æî ¯Ö¸®ŸÖã (R) ÃÖÆß Æî … 
 
2. ÃÖæ“Öß – I ‹¾ÖÓ ÃÖæ“Öß – II Û ß ´Ö¤Öë Û Öê ÃÖã´Öê×»ÖŸÖ Û ß×?Ö‹ ‹¾ÖÓ ÃÖÆß Ûæ ™ ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
  ÃÖæ“Öß – I ÃÖæ“Öß  – II 
a. ¸Ö?ÖÛ ÖêÂÖßµÖ ®Öß×ŸÖ i. ¸Ö™ÒßµÖ ÜÖŸÖ¸Öë Û Öê ‘Ö™Ö®ÖÖ  
b. ŸÖÛ ®ÖßÛ ß ®Öß×ŸÖ ii. ³ÖãÝÖŸÖÖ®Ö ÃÖÓŸÖã»Ö®Ö 
c. ÃÖ´Ö×™ †ÖÙ£ÖÛ ®Öß×ŸÖ  iii. ¸Ö?ÖÛ ÖêÂÖßµÖ ÃÖÓ‘Ö¾ÖÖ¤ 
d. ´ÖÖî×¦Û ®Öß×ŸÖ  iv. ´Öã¦Ö-ñß×ŸÖ 
 Ûæ ™ : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. †¬ÖÃÖÓ¸“Ö®ÖÖ†Öë Ûê ×¾ÖÛ ÖÃÖ Û Öê ¬Öß´ÖÖ Û ¸®Öê Ûê ×»Ö‹ ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÖ ‘Ö™Û ¯ÖÏŸµÖõÖ º ¯Ö ÃÖê ×?Ö´´Öê¤Ö¸ ®ÖÆà Æî ? 
 (1) ˆ““ÖÃŸÖ¸ßµÖ †®Öã³ÖæŸÖ ¸Ö?Ö®ÖßןÖÛ ?ÖÖê×ÜÖ´Ö  
 (2) ˆ““ÖÃŸÖ¸ßµÖ ›æ²Öß Æã‡Ô »ÖÖÝÖŸÖ  
 (3) ÃÖ´ÖµÖ ‹¾ÖÓ »ÖÖÝÖŸÖ ¾Öéר Û ß ˆ““Ö ÃÖÓ³ÖÖ¾Ö®ÖÖ  
 (4) ÃÖ³Öß õÖê¡ÖÖë ´Öë ¯ÖÏןÖï֬ÖÖÔ Û Ö ¯ÖÏÖ¸´³Ö  
 
4. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÛ »Ö ‘Ö¸ê»Öæ ˆŸ¯ÖÖ¤ (?Öß.›ß.¯Öß.) Û Ö ‹Û ´ÖãÜµÖ †ÓÝÖ ®ÖÆà Æî ? 
 (1) ¾µÖ׌ŸÖÝÖŸÖ ˆ¯Ö³ÖÖêÝÖ ÜÖ“ÖÔ  (2) ÃÖÛ »Ö ×®Ö?Öß ‘Ö¸ê»Öæ ×¾Ö×®ÖµÖÖêÝÖ  
 (3) ¿Ö㨠¾µÖ׌ŸÖÝÖŸÖ †ÖµÖ  (4) ¿Ö㨠׮ֵÖÖÔŸÖ  
 
5. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ˆ¯Ö³ÖÖꌟÖÖ ×¾Ö¾ÖÖ¤ ×®Ö¾ÖÖ¸ÞÖ ¾µÖ¾ÖãÖÖ Û Ö ‹Û ´ÖÓ“Ö ®ÖÆà Æî ? 
 (1) ãÖÖ®ÖßµÖ ´ÖÓ“Ö  (2) ×?Ö»ÖÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö  
 (3) ¸Ö?µÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö (¸Ö?µÖ †ÖµÖÖêÝÖ) (4) ¸Ö™ÒßµÖ †ÖµÖÖêÝÖ  
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Page 3


Paper-II 2  J-08-16 
COMMERCE 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
1. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code 
from the alternatives given : 
 Assertion (A) : Liberalization means corporatisation of departmental undertakings 
and public undertakings. 
 Reasoning (R) : Freedom to public sector undertakings to access capital market. 
 Codes :  
 (1) Both (A) and (R) are true and (R) is correct explanation of (A). 
 (2) Both (A) and (R) are true but (R) is not a correct explanation of (A). 
 (3) (A) is true but (R) is false. 
 (4) (A) is false but (R) is true. 
 
2. Match the items of List – I with List – II and indicate the correct code : 
  List – I List – II
a. Fiscal Policy i. Mitigation of National hazards 
b. Technology Policy ii. Balance of Payment 
c. Macro-Economic Policy iii. Fiscal Federalism 
d. Monetary Policy iv. Inflation 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. Which of the following factor is not directly responsible for slowing down the growth of 
infrastructure ? 
 (1) High level of perceived political risk. 
 (2) High level of sunk cost. 
 (3) High probability of time and cost over-run. 
 (4) Introduction of competition in all sectors. 
 
4. Out of the following which is not a major component of Gross Domestic Product (GDP) ? 
 (1) Personal Consumption Expenditure 
 (2) Gross Private Domestic Investment 
 (3) Net Personal Income 
  (4) Net Exports  
 
5. Which of the following is not a forum of Consumer Dispute Redressal System ? 
 (1) Local forum (2) District forum 
 (3) State Forum (State Commission) (4) National Commission  
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 J-08-16 3  Paper-II 
¾ÖÖ×ÞÖ?µÖ 
¯ÖÏ¿®Ö¯Ö¡Ö – II 
 
®ÖÖê™ : ‡ÃÖ ¯ÖÏ¿®Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆã-×¾ÖÛ »¯ÖßµÖ ¯ÖÏ¿®Ö Æï … ¯ÖÏŸµÖêÛ ¯ÖÏ¿®Ö Ûê ¤Öê (2) †ÓÛ Æï … ÃÖ³Öß ¯ÖÏ¿®Ö †×®Ö¾ÖÖµÖÔ Æï … 
 
1. ×®Ö´®Ö×»Ö×ÜÖŸÖ †×³ÖÛ £Ö®Ö (A) ‹¾ÖÓ ŸÖÛÔ (R) ¾ÖÖ»Öê Û £Ö®ÖÖë ÆêŸÖã פµÖê ÝÖµÖê ×¾ÖÛ »¯ÖÖë ÃÖê ÃÖÆß Ûæ ™ Û Öê ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
 †×³ÖÛ£Ö®Ö (A) : ˆ¤Ö¸ßÛ ¸ÞÖ Û Ö ŸÖÖŸ¯ÖµÖÔ ×¾Ö³ÖÖÝÖßµÖ ˆ¯ÖÛÎ ´ÖÖë ‹¾ÖÓ ÃÖÖ¾ÖÔ?Ö×®ÖÛ ˆ¯ÖÛÎ ´ÖÖë Ûê ×®ÖÝÖ´ÖßÛ ¸ÞÖ ÃÖê Æî …  
 ŸÖÛÔ (R) : ÃÖÖ¾ÖÔ?Ö×®ÖÛ õÖê¡Ö Ûê ˆ¯ÖÛÎ ´ÖÖë Û Öê ¯ÖæÑ?Öß ²ÖÖ?ÖÖ¸ ´Öë ?ÖÖ®Öê Û ß Ã¾ÖŸÖÓ¡ÖŸÖÖ  
 Ûæ ™ : 
 (1) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ŸÖ£ÖÖ (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) Û ¸ŸÖÖ Æî …  
 (2) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ¯Ö¸®ŸÖã (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) ®ÖÆà Æî …  
 (3) (A) ÃÖÆß Æî ¯Ö¸®ŸÖã (R) ÝÖ»ÖŸÖ Æî … 
 (4) (A) ÝÖ»ÖŸÖ Æî ¯Ö¸®ŸÖã (R) ÃÖÆß Æî … 
 
2. ÃÖæ“Öß – I ‹¾ÖÓ ÃÖæ“Öß – II Û ß ´Ö¤Öë Û Öê ÃÖã´Öê×»ÖŸÖ Û ß×?Ö‹ ‹¾ÖÓ ÃÖÆß Ûæ ™ ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
  ÃÖæ“Öß – I ÃÖæ“Öß  – II 
a. ¸Ö?ÖÛ ÖêÂÖßµÖ ®Öß×ŸÖ i. ¸Ö™ÒßµÖ ÜÖŸÖ¸Öë Û Öê ‘Ö™Ö®ÖÖ  
b. ŸÖÛ ®ÖßÛ ß ®Öß×ŸÖ ii. ³ÖãÝÖŸÖÖ®Ö ÃÖÓŸÖã»Ö®Ö 
c. ÃÖ´Ö×™ †ÖÙ£ÖÛ ®Öß×ŸÖ  iii. ¸Ö?ÖÛ ÖêÂÖßµÖ ÃÖÓ‘Ö¾ÖÖ¤ 
d. ´ÖÖî×¦Û ®Öß×ŸÖ  iv. ´Öã¦Ö-ñß×ŸÖ 
 Ûæ ™ : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. †¬ÖÃÖÓ¸“Ö®ÖÖ†Öë Ûê ×¾ÖÛ ÖÃÖ Û Öê ¬Öß´ÖÖ Û ¸®Öê Ûê ×»Ö‹ ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÖ ‘Ö™Û ¯ÖÏŸµÖõÖ º ¯Ö ÃÖê ×?Ö´´Öê¤Ö¸ ®ÖÆà Æî ? 
 (1) ˆ““ÖÃŸÖ¸ßµÖ †®Öã³ÖæŸÖ ¸Ö?Ö®ÖßןÖÛ ?ÖÖê×ÜÖ´Ö  
 (2) ˆ““ÖÃŸÖ¸ßµÖ ›æ²Öß Æã‡Ô »ÖÖÝÖŸÖ  
 (3) ÃÖ´ÖµÖ ‹¾ÖÓ »ÖÖÝÖŸÖ ¾Öéר Û ß ˆ““Ö ÃÖÓ³ÖÖ¾Ö®ÖÖ  
 (4) ÃÖ³Öß õÖê¡ÖÖë ´Öë ¯ÖÏןÖï֬ÖÖÔ Û Ö ¯ÖÏÖ¸´³Ö  
 
4. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÛ »Ö ‘Ö¸ê»Öæ ˆŸ¯ÖÖ¤ (?Öß.›ß.¯Öß.) Û Ö ‹Û ´ÖãÜµÖ †ÓÝÖ ®ÖÆà Æî ? 
 (1) ¾µÖ׌ŸÖÝÖŸÖ ˆ¯Ö³ÖÖêÝÖ ÜÖ“ÖÔ  (2) ÃÖÛ »Ö ×®Ö?Öß ‘Ö¸ê»Öæ ×¾Ö×®ÖµÖÖêÝÖ  
 (3) ¿Ö㨠¾µÖ׌ŸÖÝÖŸÖ †ÖµÖ  (4) ¿Ö㨠׮ֵÖÖÔŸÖ  
 
5. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ˆ¯Ö³ÖÖꌟÖÖ ×¾Ö¾ÖÖ¤ ×®Ö¾ÖÖ¸ÞÖ ¾µÖ¾ÖãÖÖ Û Ö ‹Û ´ÖÓ“Ö ®ÖÆà Æî ? 
 (1) ãÖÖ®ÖßµÖ ´ÖÓ“Ö  (2) ×?Ö»ÖÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö  
 (3) ¸Ö?µÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö (¸Ö?µÖ †ÖµÖÖêÝÖ) (4) ¸Ö™ÒßµÖ †ÖµÖÖêÝÖ  
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Paper-II 4  J-08-16 
6. X Ltd. purchased 70 percent of the shares of Y Ltd. at a price of ` 1,00,000. Share capital 
of Y Ltd. was of ` 70,000 and its accumulated profits amounted to ` 90,000. What would 
be the amount of Minority Interest in the consolidated Balance Sheet ? 
 (1) ` 25,000 (2) ` 70,000 
 (3) ` 1,00,000 (4) ` 40,000 
 
7. Match the items in Column – I with the items in Column – II and indicate the correct code : 
Column – I Column – II 
a. Debt-Equity Ratio 
i. 
Net Profit before interest and tax
Interest on long term loans
  
b. Proprietary Ratio 
ii. 
Equity share capital + Reserves
Preference share capital + Interest bearing finance
 
c. Interest coverage ratio 
iii. 
Long term debts
Shareholder's Funds
 
d. Capital gearing ratio 
iv. 
Shareholder's Funds
Total Assets
 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii iv i ii 
 (3) iii iv ii i 
 (4) ii iii iv i 
 
8. Ram and Shyam are partners in a firm with capital of ` 4,80,000 and ` 3,10,000, 
respectively. They admitted Ganesh as a partner with 
1
4
th
 share of profit. Ganesh brings            
` 3,00,000 as his capital. Ganesh’s share of goodwill will be  
 (1) ` 1,10,000 (2) ` 27,500 
 (3) ` 17,500 (4) ` 70,000 
 
9. Which of the following is a deferred revenue expenditure ? 
 (1) Legal expenses incurred on the purchase of land. 
 (2) Expenses on a mega advertisement campaign while launching a new product. 
 (3) Expenses incurred on installation of a new machine. 
 (4) Wages paid for construction of an additional room in the building. 
 
10. The amount of depreciation charged to Profit and Loss Account varies every year under :  
 (1) Fixed instalment method (2) Annuity method 
 (3) Diminishing balance method (4) Insurance policy method 
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Page 4


Paper-II 2  J-08-16 
COMMERCE 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
1. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code 
from the alternatives given : 
 Assertion (A) : Liberalization means corporatisation of departmental undertakings 
and public undertakings. 
 Reasoning (R) : Freedom to public sector undertakings to access capital market. 
 Codes :  
 (1) Both (A) and (R) are true and (R) is correct explanation of (A). 
 (2) Both (A) and (R) are true but (R) is not a correct explanation of (A). 
 (3) (A) is true but (R) is false. 
 (4) (A) is false but (R) is true. 
 
2. Match the items of List – I with List – II and indicate the correct code : 
  List – I List – II
a. Fiscal Policy i. Mitigation of National hazards 
b. Technology Policy ii. Balance of Payment 
c. Macro-Economic Policy iii. Fiscal Federalism 
d. Monetary Policy iv. Inflation 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. Which of the following factor is not directly responsible for slowing down the growth of 
infrastructure ? 
 (1) High level of perceived political risk. 
 (2) High level of sunk cost. 
 (3) High probability of time and cost over-run. 
 (4) Introduction of competition in all sectors. 
 
4. Out of the following which is not a major component of Gross Domestic Product (GDP) ? 
 (1) Personal Consumption Expenditure 
 (2) Gross Private Domestic Investment 
 (3) Net Personal Income 
  (4) Net Exports  
 
5. Which of the following is not a forum of Consumer Dispute Redressal System ? 
 (1) Local forum (2) District forum 
 (3) State Forum (State Commission) (4) National Commission  
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 J-08-16 3  Paper-II 
¾ÖÖ×ÞÖ?µÖ 
¯ÖÏ¿®Ö¯Ö¡Ö – II 
 
®ÖÖê™ : ‡ÃÖ ¯ÖÏ¿®Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆã-×¾ÖÛ »¯ÖßµÖ ¯ÖÏ¿®Ö Æï … ¯ÖÏŸµÖêÛ ¯ÖÏ¿®Ö Ûê ¤Öê (2) †ÓÛ Æï … ÃÖ³Öß ¯ÖÏ¿®Ö †×®Ö¾ÖÖµÖÔ Æï … 
 
1. ×®Ö´®Ö×»Ö×ÜÖŸÖ †×³ÖÛ £Ö®Ö (A) ‹¾ÖÓ ŸÖÛÔ (R) ¾ÖÖ»Öê Û £Ö®ÖÖë ÆêŸÖã פµÖê ÝÖµÖê ×¾ÖÛ »¯ÖÖë ÃÖê ÃÖÆß Ûæ ™ Û Öê ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
 †×³ÖÛ£Ö®Ö (A) : ˆ¤Ö¸ßÛ ¸ÞÖ Û Ö ŸÖÖŸ¯ÖµÖÔ ×¾Ö³ÖÖÝÖßµÖ ˆ¯ÖÛÎ ´ÖÖë ‹¾ÖÓ ÃÖÖ¾ÖÔ?Ö×®ÖÛ ˆ¯ÖÛÎ ´ÖÖë Ûê ×®ÖÝÖ´ÖßÛ ¸ÞÖ ÃÖê Æî …  
 ŸÖÛÔ (R) : ÃÖÖ¾ÖÔ?Ö×®ÖÛ õÖê¡Ö Ûê ˆ¯ÖÛÎ ´ÖÖë Û Öê ¯ÖæÑ?Öß ²ÖÖ?ÖÖ¸ ´Öë ?ÖÖ®Öê Û ß Ã¾ÖŸÖÓ¡ÖŸÖÖ  
 Ûæ ™ : 
 (1) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ŸÖ£ÖÖ (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) Û ¸ŸÖÖ Æî …  
 (2) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ¯Ö¸®ŸÖã (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) ®ÖÆà Æî …  
 (3) (A) ÃÖÆß Æî ¯Ö¸®ŸÖã (R) ÝÖ»ÖŸÖ Æî … 
 (4) (A) ÝÖ»ÖŸÖ Æî ¯Ö¸®ŸÖã (R) ÃÖÆß Æî … 
 
2. ÃÖæ“Öß – I ‹¾ÖÓ ÃÖæ“Öß – II Û ß ´Ö¤Öë Û Öê ÃÖã´Öê×»ÖŸÖ Û ß×?Ö‹ ‹¾ÖÓ ÃÖÆß Ûæ ™ ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
  ÃÖæ“Öß – I ÃÖæ“Öß  – II 
a. ¸Ö?ÖÛ ÖêÂÖßµÖ ®Öß×ŸÖ i. ¸Ö™ÒßµÖ ÜÖŸÖ¸Öë Û Öê ‘Ö™Ö®ÖÖ  
b. ŸÖÛ ®ÖßÛ ß ®Öß×ŸÖ ii. ³ÖãÝÖŸÖÖ®Ö ÃÖÓŸÖã»Ö®Ö 
c. ÃÖ´Ö×™ †ÖÙ£ÖÛ ®Öß×ŸÖ  iii. ¸Ö?ÖÛ ÖêÂÖßµÖ ÃÖÓ‘Ö¾ÖÖ¤ 
d. ´ÖÖî×¦Û ®Öß×ŸÖ  iv. ´Öã¦Ö-ñß×ŸÖ 
 Ûæ ™ : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. †¬ÖÃÖÓ¸“Ö®ÖÖ†Öë Ûê ×¾ÖÛ ÖÃÖ Û Öê ¬Öß´ÖÖ Û ¸®Öê Ûê ×»Ö‹ ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÖ ‘Ö™Û ¯ÖÏŸµÖõÖ º ¯Ö ÃÖê ×?Ö´´Öê¤Ö¸ ®ÖÆà Æî ? 
 (1) ˆ““ÖÃŸÖ¸ßµÖ †®Öã³ÖæŸÖ ¸Ö?Ö®ÖßןÖÛ ?ÖÖê×ÜÖ´Ö  
 (2) ˆ““ÖÃŸÖ¸ßµÖ ›æ²Öß Æã‡Ô »ÖÖÝÖŸÖ  
 (3) ÃÖ´ÖµÖ ‹¾ÖÓ »ÖÖÝÖŸÖ ¾Öéר Û ß ˆ““Ö ÃÖÓ³ÖÖ¾Ö®ÖÖ  
 (4) ÃÖ³Öß õÖê¡ÖÖë ´Öë ¯ÖÏןÖï֬ÖÖÔ Û Ö ¯ÖÏÖ¸´³Ö  
 
4. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÛ »Ö ‘Ö¸ê»Öæ ˆŸ¯ÖÖ¤ (?Öß.›ß.¯Öß.) Û Ö ‹Û ´ÖãÜµÖ †ÓÝÖ ®ÖÆà Æî ? 
 (1) ¾µÖ׌ŸÖÝÖŸÖ ˆ¯Ö³ÖÖêÝÖ ÜÖ“ÖÔ  (2) ÃÖÛ »Ö ×®Ö?Öß ‘Ö¸ê»Öæ ×¾Ö×®ÖµÖÖêÝÖ  
 (3) ¿Ö㨠¾µÖ׌ŸÖÝÖŸÖ †ÖµÖ  (4) ¿Ö㨠׮ֵÖÖÔŸÖ  
 
5. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ˆ¯Ö³ÖÖꌟÖÖ ×¾Ö¾ÖÖ¤ ×®Ö¾ÖÖ¸ÞÖ ¾µÖ¾ÖãÖÖ Û Ö ‹Û ´ÖÓ“Ö ®ÖÆà Æî ? 
 (1) ãÖÖ®ÖßµÖ ´ÖÓ“Ö  (2) ×?Ö»ÖÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö  
 (3) ¸Ö?µÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö (¸Ö?µÖ †ÖµÖÖêÝÖ) (4) ¸Ö™ÒßµÖ †ÖµÖÖêÝÖ  
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Paper-II 4  J-08-16 
6. X Ltd. purchased 70 percent of the shares of Y Ltd. at a price of ` 1,00,000. Share capital 
of Y Ltd. was of ` 70,000 and its accumulated profits amounted to ` 90,000. What would 
be the amount of Minority Interest in the consolidated Balance Sheet ? 
 (1) ` 25,000 (2) ` 70,000 
 (3) ` 1,00,000 (4) ` 40,000 
 
7. Match the items in Column – I with the items in Column – II and indicate the correct code : 
Column – I Column – II 
a. Debt-Equity Ratio 
i. 
Net Profit before interest and tax
Interest on long term loans
  
b. Proprietary Ratio 
ii. 
Equity share capital + Reserves
Preference share capital + Interest bearing finance
 
c. Interest coverage ratio 
iii. 
Long term debts
Shareholder's Funds
 
d. Capital gearing ratio 
iv. 
Shareholder's Funds
Total Assets
 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii iv i ii 
 (3) iii iv ii i 
 (4) ii iii iv i 
 
8. Ram and Shyam are partners in a firm with capital of ` 4,80,000 and ` 3,10,000, 
respectively. They admitted Ganesh as a partner with 
1
4
th
 share of profit. Ganesh brings            
` 3,00,000 as his capital. Ganesh’s share of goodwill will be  
 (1) ` 1,10,000 (2) ` 27,500 
 (3) ` 17,500 (4) ` 70,000 
 
9. Which of the following is a deferred revenue expenditure ? 
 (1) Legal expenses incurred on the purchase of land. 
 (2) Expenses on a mega advertisement campaign while launching a new product. 
 (3) Expenses incurred on installation of a new machine. 
 (4) Wages paid for construction of an additional room in the building. 
 
10. The amount of depreciation charged to Profit and Loss Account varies every year under :  
 (1) Fixed instalment method (2) Annuity method 
 (3) Diminishing balance method (4) Insurance policy method 
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 J-08-16 5  Paper-II 
6. ‹ŒÃÖ ×»Ö×´Ö™ê› ®Öê ¾ÖÖ‡Ô ×»Ö×´Ö™ê› Ûê 70 ¯ÖÏ×ŸÖ¿ÖŸÖ †Ó¿ÖÖë Û Öê ` 1,00,000 ´Öë ÛÎ µÖ ×Û µÖÖ … ¾ÖÖ‡Ô ×»Ö×´Ö™ê› Û ß †Ó¿Ö ¯ÖæÑ?Öß 
` 70,000 ŸÖ£ÖÖ ÃÖÓ×“ÖŸÖ »ÖÖ³Ö ` 90,000 Ûê £Öê … ‹Û ßÛé ŸÖ ×“Ö½ê ´Öë †»¯Ö´ÖŸÖ ×ÆŸÖ Û ß ¸Ö×¿Ö ÆÖêÝÖß : 
 (1) ` 25,000 (2) ` 70,000 
 (3) ` 1,00,000 (4) ` 40,000 
 
7. Û Öò»Ö´Ö – I Û ß ´Ö¤Öë Û Öê Û Öò»Ö´Ö – II Û ß ´Ö¤Öë ÃÖê ÃÖã´Öê×»ÖŸÖ Û ß×?Ö‹ ‹¾ÖÓ ÃÖÆß Ûæ ™ ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
  Û Öò»Ö´Ö – I Û Öò»Ö´Ö  – II 
a. Š ÞÖ-ÃÖ´ÖŸÖÖ †®Öã¯ÖÖŸÖ  
i. 
²µÖÖ?Ö ‹¾ÖÓ Û ¸Öë Ûê ¯Öæ¾ÖÔ ¿Ö㨠»ÖÖ³Ö
»Ö´²Öß †¾Ö×¬Ö ¾ÖÖ»Öê Š ÞÖÖë ¯Ö¸ ²µÖÖ?Ö
   
b. þÖÖ×´ÖŸ¾Ö †®Öã¯ÖÖŸÖ  
ii. 
ÃÖ´ÖŸÖÖ †Ó¿Ö ¯ÖæÑ?Öß + ÃÖÓ“ÖµÖ
¯Öæ¾ÖÖÔ׬ÖÛ Ö¸ †Ó¿Ö ¯ÖæÑ?Öß + ²µÖÖ?Ö ¬ÖÖ׸ŸÖ ×¾Ö¢Ö
 
c. ²µÖÖ?Ö †Ö¾Ö¸ÞÖ †®Öã¯ÖÖŸÖ  
iii. 
»Ö´²Öß †¾Ö×¬Ö ¾ÖÖ»Öê Š ÞÖ
†Ó¿Ö¬ÖÖ¸ß Û ÖêÂÖ
 
d. ¯ÖæÑ?Öß ¤×®ŸÖÛ ¸ÞÖ †®Öã¯ÖÖŸÖ  
iv. 
†Ó¿Ö¬ÖÖ¸ß Û ÖêÂÖ
Ûã »Ö ÃÖ´¯Ö×¢ÖµÖÖÑ
 
 Ûæ ™ : 
  a b c d 
 (1) i ii iii iv 
 (2) iii iv i ii 
 (3) iii iv ii i 
 (4) ii iii iv i 
 
8. ¸Ö´Ö †Öî¸ ¿µÖÖ´Ö ‹Û ± ´ÖÔ ´Öë ÃÖÖ—Öê¤Ö¸ Æï ×?Ö®ÖÛ ß ¯ÖæÑ?Öß ÛÎ ´Ö¿Ö: ` 4,80,000 ‹¾ÖÓ ` 3,10,000 Æî … ˆ®ÆÖë®Öê »ÖÖ³Ö-ÆÖ×®Ö 
´Öë 
1
4
 ×ÆÃÃÖê Ûê ÃÖÖ£Ö ÝÖÞÖê¿Ö Û Öê ‹Û ÃÖÖ—Öê¤Ö¸ Ûê º ¯Ö ´Öë ¯ÖϾÖê¿Ö פµÖÖ … ÝÖÞÖê¿Ö «Ö¸Ö ` 3,00,000 ¯ÖæÑ?Öß Ûê º ¯Ö ´Öë »ÖÖ‹ 
ÝÖµÖê … ÝÖÞÖê¿Ö Ûê ×ÆÃÃÖê Û ß ÜµÖÖ×ŸÖ ÆÖêÝÖß : 
 (1) ` 1,10,000 (2) ` 27,500 
 (3) ` 17,500 (4) ` 70,000 
 
9. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö-ÃÖÖ ‹Û ãÖ×ÝÖŸÖ †ÖµÖÝÖŸÖ ¾µÖµÖ Æî ? 
 (1) ³Öæ×´Ö Ûê ÛÎ µÖ ¯Ö¸ ×Û µÖÖ ÝÖµÖÖ Û Ö®Öæ®Öß ¾µÖµÖ  
 (2) ‹Û ®ÖµÖê ˆŸ¯ÖÖ¤ Û Öê ²ÖÖ?ÖÖ¸ ´Öë »Öê †Ö®Öê Ûê ÃÖ´ÖµÖ ×Û ÃÖß ²Ö›Ìê ×¾Ö–ÖÖ¯Ö®Ö †×³ÖµÖÖ®Ö ¯Ö¸ ×Û µÖÖ ÝÖµÖÖ ¾µÖµÖ  
 (3) ®Ö‡Ô ´Ö¿Öß®Ö Û ß Ã£ÖÖ¯Ö®ÖÖ ¯Ö¸ ×Û µÖÖ ÝÖµÖÖ ¾µÖµÖ  
 (4) ³Ö¾Ö®Ö ´Öë ‹Û †×ŸÖ׸ŒŸÖ Û ´Ö¸ê Ûê ×®Ö´ÖÖÔÞÖ ´Öë ³ÖãÝÖŸÖÖ®Ö Û ß ÝÖ‡Ô ´Ö?Ö¤æ¸ß  
 
10. »ÖÖ³Ö-ÆÖ×®Ö ÜÖÖŸÖê ´Öë ¯ÖϳÖÖ׸ŸÖ ÈÖÃÖ Û ß ¸Ö×¿Ö ¯ÖÏ×ŸÖ ¾ÖÂÖÔ ²Ö¤»ÖŸÖß ¸ÆŸÖß Æî : 
 (1) ãÖÖµÖß ×Û ¿ŸÖ ¯Ö¨×ŸÖ ´Öë  (2) ¾ÖÖÙÂÖÛ ß ¯Ö¨×ŸÖ ´Öë  
 (3) ÛÎ ´ÖÖÝÖŸÖ ÈÖÃÖ ¯Ö¨×ŸÖ ´Öë  (4) ²Öß´ÖÖ ¯ÖÖò×»ÖÃÖß ¯Ö¨×ŸÖ ´Öë  
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Page 5


Paper-II 2  J-08-16 
COMMERCE 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
1. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code 
from the alternatives given : 
 Assertion (A) : Liberalization means corporatisation of departmental undertakings 
and public undertakings. 
 Reasoning (R) : Freedom to public sector undertakings to access capital market. 
 Codes :  
 (1) Both (A) and (R) are true and (R) is correct explanation of (A). 
 (2) Both (A) and (R) are true but (R) is not a correct explanation of (A). 
 (3) (A) is true but (R) is false. 
 (4) (A) is false but (R) is true. 
 
2. Match the items of List – I with List – II and indicate the correct code : 
  List – I List – II
a. Fiscal Policy i. Mitigation of National hazards 
b. Technology Policy ii. Balance of Payment 
c. Macro-Economic Policy iii. Fiscal Federalism 
d. Monetary Policy iv. Inflation 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. Which of the following factor is not directly responsible for slowing down the growth of 
infrastructure ? 
 (1) High level of perceived political risk. 
 (2) High level of sunk cost. 
 (3) High probability of time and cost over-run. 
 (4) Introduction of competition in all sectors. 
 
4. Out of the following which is not a major component of Gross Domestic Product (GDP) ? 
 (1) Personal Consumption Expenditure 
 (2) Gross Private Domestic Investment 
 (3) Net Personal Income 
  (4) Net Exports  
 
5. Which of the following is not a forum of Consumer Dispute Redressal System ? 
 (1) Local forum (2) District forum 
 (3) State Forum (State Commission) (4) National Commission  
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 J-08-16 3  Paper-II 
¾ÖÖ×ÞÖ?µÖ 
¯ÖÏ¿®Ö¯Ö¡Ö – II 
 
®ÖÖê™ : ‡ÃÖ ¯ÖÏ¿®Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆã-×¾ÖÛ »¯ÖßµÖ ¯ÖÏ¿®Ö Æï … ¯ÖÏŸµÖêÛ ¯ÖÏ¿®Ö Ûê ¤Öê (2) †ÓÛ Æï … ÃÖ³Öß ¯ÖÏ¿®Ö †×®Ö¾ÖÖµÖÔ Æï … 
 
1. ×®Ö´®Ö×»Ö×ÜÖŸÖ †×³ÖÛ £Ö®Ö (A) ‹¾ÖÓ ŸÖÛÔ (R) ¾ÖÖ»Öê Û £Ö®ÖÖë ÆêŸÖã פµÖê ÝÖµÖê ×¾ÖÛ »¯ÖÖë ÃÖê ÃÖÆß Ûæ ™ Û Öê ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
 †×³ÖÛ£Ö®Ö (A) : ˆ¤Ö¸ßÛ ¸ÞÖ Û Ö ŸÖÖŸ¯ÖµÖÔ ×¾Ö³ÖÖÝÖßµÖ ˆ¯ÖÛÎ ´ÖÖë ‹¾ÖÓ ÃÖÖ¾ÖÔ?Ö×®ÖÛ ˆ¯ÖÛÎ ´ÖÖë Ûê ×®ÖÝÖ´ÖßÛ ¸ÞÖ ÃÖê Æî …  
 ŸÖÛÔ (R) : ÃÖÖ¾ÖÔ?Ö×®ÖÛ õÖê¡Ö Ûê ˆ¯ÖÛÎ ´ÖÖë Û Öê ¯ÖæÑ?Öß ²ÖÖ?ÖÖ¸ ´Öë ?ÖÖ®Öê Û ß Ã¾ÖŸÖÓ¡ÖŸÖÖ  
 Ûæ ™ : 
 (1) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ŸÖ£ÖÖ (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) Û ¸ŸÖÖ Æî …  
 (2) (A) †Öî¸ (R) ¤Öê®ÖÖë ÃÖÆß Æï ¯Ö¸®ŸÖã (A) Û ß ÃÖÆß ¾µÖÖܵÖÖ (R) ®ÖÆà Æî …  
 (3) (A) ÃÖÆß Æî ¯Ö¸®ŸÖã (R) ÝÖ»ÖŸÖ Æî … 
 (4) (A) ÝÖ»ÖŸÖ Æî ¯Ö¸®ŸÖã (R) ÃÖÆß Æî … 
 
2. ÃÖæ“Öß – I ‹¾ÖÓ ÃÖæ“Öß – II Û ß ´Ö¤Öë Û Öê ÃÖã´Öê×»ÖŸÖ Û ß×?Ö‹ ‹¾ÖÓ ÃÖÆß Ûæ ™ ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
  ÃÖæ“Öß – I ÃÖæ“Öß  – II 
a. ¸Ö?ÖÛ ÖêÂÖßµÖ ®Öß×ŸÖ i. ¸Ö™ÒßµÖ ÜÖŸÖ¸Öë Û Öê ‘Ö™Ö®ÖÖ  
b. ŸÖÛ ®ÖßÛ ß ®Öß×ŸÖ ii. ³ÖãÝÖŸÖÖ®Ö ÃÖÓŸÖã»Ö®Ö 
c. ÃÖ´Ö×™ †ÖÙ£ÖÛ ®Öß×ŸÖ  iii. ¸Ö?ÖÛ ÖêÂÖßµÖ ÃÖÓ‘Ö¾ÖÖ¤ 
d. ´ÖÖî×¦Û ®Öß×ŸÖ  iv. ´Öã¦Ö-ñß×ŸÖ 
 Ûæ ™ : 
  a b c d 
 (1) i ii iii iv 
 (2) iii i ii iv 
 (3) iv iii i ii 
 (4) ii i iv iii 
 
3. †¬ÖÃÖÓ¸“Ö®ÖÖ†Öë Ûê ×¾ÖÛ ÖÃÖ Û Öê ¬Öß´ÖÖ Û ¸®Öê Ûê ×»Ö‹ ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÖ ‘Ö™Û ¯ÖÏŸµÖõÖ º ¯Ö ÃÖê ×?Ö´´Öê¤Ö¸ ®ÖÆà Æî ? 
 (1) ˆ““ÖÃŸÖ¸ßµÖ †®Öã³ÖæŸÖ ¸Ö?Ö®ÖßןÖÛ ?ÖÖê×ÜÖ´Ö  
 (2) ˆ““ÖÃŸÖ¸ßµÖ ›æ²Öß Æã‡Ô »ÖÖÝÖŸÖ  
 (3) ÃÖ´ÖµÖ ‹¾ÖÓ »ÖÖÝÖŸÖ ¾Öéר Û ß ˆ““Ö ÃÖÓ³ÖÖ¾Ö®ÖÖ  
 (4) ÃÖ³Öß õÖê¡ÖÖë ´Öë ¯ÖÏןÖï֬ÖÖÔ Û Ö ¯ÖÏÖ¸´³Ö  
 
4. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ÃÖÛ »Ö ‘Ö¸ê»Öæ ˆŸ¯ÖÖ¤ (?Öß.›ß.¯Öß.) Û Ö ‹Û ´ÖãÜµÖ †ÓÝÖ ®ÖÆà Æî ? 
 (1) ¾µÖ׌ŸÖÝÖŸÖ ˆ¯Ö³ÖÖêÝÖ ÜÖ“ÖÔ  (2) ÃÖÛ »Ö ×®Ö?Öß ‘Ö¸ê»Öæ ×¾Ö×®ÖµÖÖêÝÖ  
 (3) ¿Ö㨠¾µÖ׌ŸÖÝÖŸÖ †ÖµÖ  (4) ¿Ö㨠׮ֵÖÖÔŸÖ  
 
5. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö ˆ¯Ö³ÖÖꌟÖÖ ×¾Ö¾ÖÖ¤ ×®Ö¾ÖÖ¸ÞÖ ¾µÖ¾ÖãÖÖ Û Ö ‹Û ´ÖÓ“Ö ®ÖÆà Æî ? 
 (1) ãÖÖ®ÖßµÖ ´ÖÓ“Ö  (2) ×?Ö»ÖÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö  
 (3) ¸Ö?µÖ ÃŸÖ¸ßµÖ ´ÖÓ“Ö (¸Ö?µÖ †ÖµÖÖêÝÖ) (4) ¸Ö™ÒßµÖ †ÖµÖÖêÝÖ  
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Paper-II 4  J-08-16 
6. X Ltd. purchased 70 percent of the shares of Y Ltd. at a price of ` 1,00,000. Share capital 
of Y Ltd. was of ` 70,000 and its accumulated profits amounted to ` 90,000. What would 
be the amount of Minority Interest in the consolidated Balance Sheet ? 
 (1) ` 25,000 (2) ` 70,000 
 (3) ` 1,00,000 (4) ` 40,000 
 
7. Match the items in Column – I with the items in Column – II and indicate the correct code : 
Column – I Column – II 
a. Debt-Equity Ratio 
i. 
Net Profit before interest and tax
Interest on long term loans
  
b. Proprietary Ratio 
ii. 
Equity share capital + Reserves
Preference share capital + Interest bearing finance
 
c. Interest coverage ratio 
iii. 
Long term debts
Shareholder's Funds
 
d. Capital gearing ratio 
iv. 
Shareholder's Funds
Total Assets
 
 Codes : 
  a b c d 
 (1) i ii iii iv 
 (2) iii iv i ii 
 (3) iii iv ii i 
 (4) ii iii iv i 
 
8. Ram and Shyam are partners in a firm with capital of ` 4,80,000 and ` 3,10,000, 
respectively. They admitted Ganesh as a partner with 
1
4
th
 share of profit. Ganesh brings            
` 3,00,000 as his capital. Ganesh’s share of goodwill will be  
 (1) ` 1,10,000 (2) ` 27,500 
 (3) ` 17,500 (4) ` 70,000 
 
9. Which of the following is a deferred revenue expenditure ? 
 (1) Legal expenses incurred on the purchase of land. 
 (2) Expenses on a mega advertisement campaign while launching a new product. 
 (3) Expenses incurred on installation of a new machine. 
 (4) Wages paid for construction of an additional room in the building. 
 
10. The amount of depreciation charged to Profit and Loss Account varies every year under :  
 (1) Fixed instalment method (2) Annuity method 
 (3) Diminishing balance method (4) Insurance policy method 
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 J-08-16 5  Paper-II 
6. ‹ŒÃÖ ×»Ö×´Ö™ê› ®Öê ¾ÖÖ‡Ô ×»Ö×´Ö™ê› Ûê 70 ¯ÖÏ×ŸÖ¿ÖŸÖ †Ó¿ÖÖë Û Öê ` 1,00,000 ´Öë ÛÎ µÖ ×Û µÖÖ … ¾ÖÖ‡Ô ×»Ö×´Ö™ê› Û ß †Ó¿Ö ¯ÖæÑ?Öß 
` 70,000 ŸÖ£ÖÖ ÃÖÓ×“ÖŸÖ »ÖÖ³Ö ` 90,000 Ûê £Öê … ‹Û ßÛé ŸÖ ×“Ö½ê ´Öë †»¯Ö´ÖŸÖ ×ÆŸÖ Û ß ¸Ö×¿Ö ÆÖêÝÖß : 
 (1) ` 25,000 (2) ` 70,000 
 (3) ` 1,00,000 (4) ` 40,000 
 
7. Û Öò»Ö´Ö – I Û ß ´Ö¤Öë Û Öê Û Öò»Ö´Ö – II Û ß ´Ö¤Öë ÃÖê ÃÖã´Öê×»ÖŸÖ Û ß×?Ö‹ ‹¾ÖÓ ÃÖÆß Ûæ ™ ‡Ó×ÝÖŸÖ Û ß×?Ö‹ : 
  Û Öò»Ö´Ö – I Û Öò»Ö´Ö  – II 
a. Š ÞÖ-ÃÖ´ÖŸÖÖ †®Öã¯ÖÖŸÖ  
i. 
²µÖÖ?Ö ‹¾ÖÓ Û ¸Öë Ûê ¯Öæ¾ÖÔ ¿Ö㨠»ÖÖ³Ö
»Ö´²Öß †¾Ö×¬Ö ¾ÖÖ»Öê Š ÞÖÖë ¯Ö¸ ²µÖÖ?Ö
   
b. þÖÖ×´ÖŸ¾Ö †®Öã¯ÖÖŸÖ  
ii. 
ÃÖ´ÖŸÖÖ †Ó¿Ö ¯ÖæÑ?Öß + ÃÖÓ“ÖµÖ
¯Öæ¾ÖÖÔ׬ÖÛ Ö¸ †Ó¿Ö ¯ÖæÑ?Öß + ²µÖÖ?Ö ¬ÖÖ׸ŸÖ ×¾Ö¢Ö
 
c. ²µÖÖ?Ö †Ö¾Ö¸ÞÖ †®Öã¯ÖÖŸÖ  
iii. 
»Ö´²Öß †¾Ö×¬Ö ¾ÖÖ»Öê Š ÞÖ
†Ó¿Ö¬ÖÖ¸ß Û ÖêÂÖ
 
d. ¯ÖæÑ?Öß ¤×®ŸÖÛ ¸ÞÖ †®Öã¯ÖÖŸÖ  
iv. 
†Ó¿Ö¬ÖÖ¸ß Û ÖêÂÖ
Ûã »Ö ÃÖ´¯Ö×¢ÖµÖÖÑ
 
 Ûæ ™ : 
  a b c d 
 (1) i ii iii iv 
 (2) iii iv i ii 
 (3) iii iv ii i 
 (4) ii iii iv i 
 
8. ¸Ö´Ö †Öî¸ ¿µÖÖ´Ö ‹Û ± ´ÖÔ ´Öë ÃÖÖ—Öê¤Ö¸ Æï ×?Ö®ÖÛ ß ¯ÖæÑ?Öß ÛÎ ´Ö¿Ö: ` 4,80,000 ‹¾ÖÓ ` 3,10,000 Æî … ˆ®ÆÖë®Öê »ÖÖ³Ö-ÆÖ×®Ö 
´Öë 
1
4
 ×ÆÃÃÖê Ûê ÃÖÖ£Ö ÝÖÞÖê¿Ö Û Öê ‹Û ÃÖÖ—Öê¤Ö¸ Ûê º ¯Ö ´Öë ¯ÖϾÖê¿Ö פµÖÖ … ÝÖÞÖê¿Ö «Ö¸Ö ` 3,00,000 ¯ÖæÑ?Öß Ûê º ¯Ö ´Öë »ÖÖ‹ 
ÝÖµÖê … ÝÖÞÖê¿Ö Ûê ×ÆÃÃÖê Û ß ÜµÖÖ×ŸÖ ÆÖêÝÖß : 
 (1) ` 1,10,000 (2) ` 27,500 
 (3) ` 17,500 (4) ` 70,000 
 
9. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê Û Öî®Ö-ÃÖÖ ‹Û ãÖ×ÝÖŸÖ †ÖµÖÝÖŸÖ ¾µÖµÖ Æî ? 
 (1) ³Öæ×´Ö Ûê ÛÎ µÖ ¯Ö¸ ×Û µÖÖ ÝÖµÖÖ Û Ö®Öæ®Öß ¾µÖµÖ  
 (2) ‹Û ®ÖµÖê ˆŸ¯ÖÖ¤ Û Öê ²ÖÖ?ÖÖ¸ ´Öë »Öê †Ö®Öê Ûê ÃÖ´ÖµÖ ×Û ÃÖß ²Ö›Ìê ×¾Ö–ÖÖ¯Ö®Ö †×³ÖµÖÖ®Ö ¯Ö¸ ×Û µÖÖ ÝÖµÖÖ ¾µÖµÖ  
 (3) ®Ö‡Ô ´Ö¿Öß®Ö Û ß Ã£ÖÖ¯Ö®ÖÖ ¯Ö¸ ×Û µÖÖ ÝÖµÖÖ ¾µÖµÖ  
 (4) ³Ö¾Ö®Ö ´Öë ‹Û †×ŸÖ׸ŒŸÖ Û ´Ö¸ê Ûê ×®Ö´ÖÖÔÞÖ ´Öë ³ÖãÝÖŸÖÖ®Ö Û ß ÝÖ‡Ô ´Ö?Ö¤æ¸ß  
 
10. »ÖÖ³Ö-ÆÖ×®Ö ÜÖÖŸÖê ´Öë ¯ÖϳÖÖ׸ŸÖ ÈÖÃÖ Û ß ¸Ö×¿Ö ¯ÖÏ×ŸÖ ¾ÖÂÖÔ ²Ö¤»ÖŸÖß ¸ÆŸÖß Æî : 
 (1) ãÖÖµÖß ×Û ¿ŸÖ ¯Ö¨×ŸÖ ´Öë  (2) ¾ÖÖÙÂÖÛ ß ¯Ö¨×ŸÖ ´Öë  
 (3) ÛÎ ´ÖÖÝÖŸÖ ÈÖÃÖ ¯Ö¨×ŸÖ ´Öë  (4) ²Öß´ÖÖ ¯ÖÖò×»ÖÃÖß ¯Ö¨×ŸÖ ´Öë  
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Paper-II 6  J-08-16 
11. Ordinal utility analysis of the consumer’s behaviour is considered superior to the cardinal 
utility analysis mainly due to 
 (1) assumption of the rationality of the consumer’s behaviour. 
 (2) possibility of the derivation of the consumer’s demand. 
 (3) bifurcation of price effects into income and substitution effects. 
 (4) consideration of the available limited resources for satisfying consumer’s demand. 
 
12. For the following statements of Assertion (A) and Reasoning (R) indicate the correct code : 
 Assertion (A) : Price reduction normally leads to an increase in the demand for a 
commodity. 
 Reason (R) : Price reduction leads to the entry of new buyers of the commodity in 
the market. 
 Codes :  
 (1) (A) is correct but (R) is not correct. 
 (2) (A) is not correct but (R) is correct. 
 (3) Both (A) and (R) are correct and (R) offers full explanation of (A). 
 (4) Both (A) and (R) are correct but (R) does not offer full explanation of (A). 
 
13. The minimum Long Run Average Cost (LAC) can be determined on a  
 I. LAC curve for a normal production function 
 II. LAC curve for a linear production function 
 III. Planning curve 
 IV. Envelope curve 
 Codes : 
 (1) I II III 
 (2) II III IV 
 (3) I III IV 
 (4) I II IV 
 
14. Monopoly is not considered desirable from the point of view of the society mainly 
because the monopolist endeavours to  
 (1) earn net revenue on sale of all goods including those involving no cost of 
production. 
 (2) earn net revenue on sale of goods in short run as well as long run. 
 (3) charge different prices for the same product from the different categories of buyers. 
 (4) produce below economic capacity level when he exhibits satisfaction with normal 
profit only. 
 
15. Product-line pricing strategy includes which combination of the following ? 
 I. Public utility pricing 
 II. Complementary goods pricing 
 III. Spare parts pricing 
 IV. Load factor pricing 
 Codes : 
 (1) I II III 
 (2) II III IV 
 (3) I II IV 
 (4) I III IV 
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