Download AppGovt. JobsFree G.K. & Current AffairsScholarshipBlog
Free PracticeContact
๐Ÿ“š Exam by Category
โ–พ
๐Ÿ“ฐ FREE Current Affairs, GK & Quiz
๐Ÿ“… Upcoming Exams
๐Ÿฆ Bank Exams 2026
๐Ÿš† Railway Exams
๐Ÿ“ State wise jobs
๐ŸŽ“ Teaching Exams
๐Ÿ› NTA UGC NET Exams
๐Ÿ”ฌ Medical Exams
โš™ Engineering Exams
๐Ÿ“‹ SSC Exams 2026
๐Ÿ›ก Police Exams
๐Ÿ“š State Wise General Knowledge
๐Ÿ“ฐ States Current Affairs
๐ŸŒพ ICAR AIEEA 2026
๐Ÿ“ SET Exams
๐Ÿ›  Trade Apprentice Exams
โš• Nursing Exams & Staff Nurse Vacancy
๐Ÿ›ก Defence Exams
๐Ÿ”ง ESE Exams 2026
๐Ÿ”ฌ CSIR UGC NET Exams
โš– Law and Bare Acts
๐Ÿ”ฌ IIT JAM 2027
๐Ÿš‚ GATE 2027 Exams
๐Ÿ’Š Pharmacy and Paramedicals Exams
๐Ÿพ Veterinary Sciences Exams
๐Ÿ› UPSC & State PSC Exams
โš– Law and Judiciary Exam
๐Ÿข Insurance Exams
Question Bank

KSET Commerce Exam - English

Duration: 120 ยท Questions: 100 ยท Max Marks: 100 ยท Language: 1

View Karnataka SET Commerce 2026 Exam Page

Commerce

1
For the following statements of Assertions (A) and Reasoning (R) indicate the correct code from the alternatives given:Assertion (A): Liberalization means corporatization of departmental undertakings and public undertakings.Reasoning (R): Freedom to public sector undertakings to access capital market.
 Codes: 
  1. A.Both (A) and (R) are true and (R) is correct explanation of (A).
  2. B.Both (A) and (R) are true and (R) is not correct explanation of (A).
  3. C.(A) is true but (R) is false.
  4. D.(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 Payments
(c)Macro-Economic Policy        (iii) Fiscal Federalism
(d)Monetary Policy                     (iv) Inflation
Codes:
  1. A.(a)  (b)    (c)  (d)
    (i)   (ii)   (iii)  (iv)
  2. B.(iii)   (i)  (ii)  (iv)
  3. C.(iv)  (iii) (i) (ii)
  4. D.(ii) (i)  (iv )(iii)
3
Which of the following factor is not directly responsible for slowing down the growth of infrastructure?
  1. A.High level of perceived political risk.
  2. B.High level of sunk cost.
  3. C.High probability of time and cost over-run. 
  4. D.Introduction of competition in all sectors.
4
Out of the following which is not a major component of Gross Domestic Product (GDP)?
  1. A.Personal Consumption Expenditure
  2. B.Gross Private Domestic Investment
  3. C.Net Personal Income
  4. D.Net Exports
5
Which of the following is not a forum of Consumer Dispute Redressal System?
  1. A.Local forum
  2. B.Distirct forum
  3. C.State forum (State Commission)
  4. D.National Commission
6
The first macro-environmental force that a business firm generally monitors is
  1. A.Economic environment
  2. B.Demographic environment
  3. C.Technological environment
  4. D.International, Political environment
7
Ram and Shyam are partners in a firm with capital of Rs. 4,80,000 and Rs. 3,10,000 respectively. They admitted Ganesh as a partner with share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh’s share of goodwill will be 
  1. A.Rs. 1,10,000 
  2. B.Rs. 27,000
  3. C.Rs. 17,500      
  4. D.Rs. 70,000
8
Which of the following is deferred revenue expenditure?
  1. A.Legal expenses incurred on the purchase of land.
  2. B.Expenses on a mega advertisement campaign while launching a new product.
  3. C.Expenses incurred on installation of a new machine.
  4. D.Wages paid for construction of an additional room in a building.
9
By Which  Act, the government checks restrictive trade practices ?
  1. A.FEMA – 1999 
  2. B.Consumer Protection  Act, 1986
  3. C.Industrial  Policy  Act, 1991
  4. D.none of the above
10
In which year the new Industrial policy was announced ?
  1. A.1997 
  2. B.1951
  3. C.1991 
  4. D.1998   
11
The Narasimham Committee made separate recommendations for the reforms Of ……..
  1. A.Manufacturing sector      
  2. B.Banking sector
  3. C.Agriculture sector 
  4. D.Insurance Sector 
12
Match  the  following :
Books                           Authors
 (a)India  and  Economic          (i)  Bhagwatij
        Reforms
 (b)  Development  Planning      (ii)  Chakravarty. S.
      The  Indian  Experience
 (c)  India : Economic                (iii)  Drenz, and  Amartyasen
Development  and 
      Social  Opportunity
 (d)  Fiscal  policy  of  Underd-    (iv)   Chelliah, RJ.
Eveloped   Countries
Codes :
  1. A.(a)        (b)           (c)            (d)
    (i)         (ii)            (iii)           (iv)
  2. B.(ii)        (iii)           (iv)            (i)
  3. C.(iii)       (iv)           (ii)             (i
  4. D.(i)        (iv)           (iii)            (ii)              
13
which    of  the  following   accounting   equations   is  not   correct ?
  1. A.Assets   Liabilities  =  Equity
  2. B.Assets    Equity   =  Liabilities
  3. C.Assets  +  Liabilities  =  Equity
  4. D.Liabilities  +  Equity   =  Assets 
14
which  one  of  the  following   statements   is  correct ? 
  1. A.Increases  in   Liabilities  are  credits  and  decreases   are  debits.
  2. B.Increases  in   Assets  are  credits  and  decreases   are  debits.
  3. C.Increases  in   capital   are  debits. and  decreases   are  credits
  4. D.Increases  in   expenses  are  credits  and  decreases   are  debits
15
A  and  B  are  partners  in  a  firm  sharing   profit  and  loss  in  the  ratio  of   3 : 2 They  admit  C  into  partnership  for    share  and  the   new  ratio  between  A And  B  is  2 : 1  The  sacrificing  ratio  is  :
  1. A.1 : 1
  2. B.2 : 1
  3. C.3 : 1 
  4. D.2 : 3
16
Arrange  the  following   liabilities  in  the  order  of   company  balance  sheet.
(i)  Bank  Overdraft             (ii)  Bank  Loan
(iii)  share  Capital              (iv)  Provision  for  Taxation        
  1. A. i, ii, iii, iv 
  2. B. iv, iii, ii, i
  3. C.iii, ii, i, iv   
  4. D.iii, ii, iv, I                                                            
17
GDP at factor cost is : 
  1. A.p (Q) + p (S)
  2. B.GDP – IT – S
  3. C.GDP + DT  + S
  4. D.GDP – DT + S                                           
18
which one is not the main objective of fiscal policy India ?
  1. A.To increase liquidity in the economy.
  2. B.To promote price stability.
  3. C.To minimize the inequalities of income and wealth.
  4. D.To promote employment opportunities  
19
which one is not an element of internal environment ?
  1. A.Marketing Capability
  2. B.Operational Capability
  3. C.Money and Capital market
  4. D.Personnel  Capability 
20
Out  of  the  following,  Which  four  benefits  are  available  to  host   countries  from 
     MNCs ?
(i)  Transfer   of  technology
(ii)  Learning  of   business  mannerism
(iii)  Strategic  information  sharing
(iv)  Creation  of  jobs
(v)  Entertainment
(vi) Better  utilization  of  resources
(vii)  Enhancing  Social  Contacts
(viii)  Improved  competition  in  local  economy
  1. A.(i)  (iii)  (v)  (vii)
  2. B.(ii)  (iv)  (vi)  (viii)
  3. C.(i)  (vi)  (vi)  (viii)   
  4. D.(iii)  (vi)  (vii)  (viii)                                    
21
Environmental  degradation  does  not  consist  of :
  1. A.Land  degradation  and  soil  erosion
  2. B.Problem  of  overgrazing  and  ecological  degradation
  3. C.Floods
  4. D.None  of   the  above
22
which  one  of   the  following   concepts  is  used  as  und  in  the  preparation  of Funds  Flow  Statement ?
  1. A.Current  Assets  
  2. B.Working   Capital
  3. C.Cash  
  4. D.All  Financial  Resources
23
Window  dressing  is  prohibited  due  to : 
  1. A.Conservative  Convention
  2. B.Convention  of   Disclosure
  3. C.Convention  of   Materiality
  4. D.Arrear  of  book accounts                                                                      
24
Assertion (A) :Ratio  analysis  is  one  of   the  tools  employed   to  know  the  fin-Ancial   health  of   a  concern :
Reason (R) :Ratio  analysis  is  not   the  only  technique  available  to  take  invest Ment  decision :
Codes :
  1. A.Both  (A)  and  (R)  are  true  and  (R)  is  the  correct  explanation  of  (A).
  2. B.Both  (A)  and  (R)  are  true but  (R)  is  the  incorrect  explanation  of  (A)
  3. C.(A)  is  true, but  (R)  is  false.
  4. D. A)  is  false  , but  (R)  is  true         
25
Who is the fiscal agent and advisor to government  in monetary and finan-Cial matters?
  1. A.NABARD
  2. B.SBI
  3. C.RBI
  4. D.None
26
Match the items of list –I with the items of list –II :
List –I                                                  List – II 
(a) National Manufacturing             (i)  Industrial Licensing policy
Competitiveness Council
(b)  National Investment                (ii) Eleventh Five Year plan
     Fund (NIP)
(c)  The  Industries (Devel-          (iii) The Competition Act, 2002
     Opment and Regulation)
    Act(IDRA), 1951
(d)  Increase in Employment          (iv) Public Sector Undertakings
Codes :
  1. A.(a)        (b)          (c)        (d)
    (iv)         (i)         (ii)         (iii)
  2. B.(iii)        (iv)         (i)          (ii)
  3. C.(i)         (ii)            (iii)       (iv)
  4. D.(iv)        (iii)           (ii)        (i)                                                                 
27
Kyoto protocol pertains to : 
  1. A.Capital formulation  
  2. B.Globalization
  3. C.Environment protection
  4. D.Unemployment reduction  
28
Uruguay  Round   pertains   to 
  1. A.WTO 
  2. B.IMF
  3. C.GATT 
  4. D.World  Bank 
29
which   of   the  following   are  outside   the  scope   of   the  Consumer   Protect-Ion  Act, 1986 ?
  1. A.Newspaper   industry
  2. B.Services  provided   under   contract   of   personal   service
  3. C.Banking  industry
  4. D.Both (A)  and  (B)   
30
which   of   the  following   is   ‘ true’  regarding   the   prudence   Principal   of  Acco-Unting ?
  1. A.Taking   care   of  the  future  losses
  2. B.Taking   care   of  the  future   profit
  3. C.Taking   care   of   bad   debts
  4. D.Taking   care  of   inventory  and   depreciation                                   
31
which   of   the  following   is   a   non – operating  expense ?
  1. A.Salary  of   managing   director
  2. B.Depreciation 
  3. C.Advertisement   Expenditure
  4. D.Interest  on  loan
32
A  and  B  are   partners   sharing  profits  in   the   ratio  of  3 :2  their   books   show  Goodwill   at   : 3000.  C  is  admitted   with  RS th  share  of  profits  and   brings  : 10,000  as   his   capital.  But  he   is  not   able  to  bring   in  cash  for   his  share Goodwill  3,000.  How   will  you  teat  this ?
  1. A.Goodwill  is   raised   by  :  12000
  2. B.C  will  remain  as  debtor  for  :  3,000
  3. C.C’s  A/c  is  debited   debtor  for  :  3,000
  4. D.Goodwill   is  raised  by  :  9,000
33
Match  the   items  of   List –I   with  List –II :
List –I                     List – II 
(a) Industries  Development  Regulation      (i)  1947
          Act
(b)  Import  and  Export  Control  Act             (ii)  1948
(c)  foreign  Exchange  Management  Act     (iii)  1951
(d)  Factories  Act                                           (iv)  1999
Identify  the  correct   combination :
Codes :
  1. A.(a)       (b)       (c)        (d)
    (i)       (iii)        (iv)       (ii)
  2. B.(iii)       (i)          (ii)        (iv)
  3. C.(iii)        (i)          (iv)       (ii)
  4. D.(iii)       (iv)        (ii)         (i)         
34
Which  among   the  following  is   not  a  correct  sequential  combination ?
  1. A.Macro  Environment รขลพย Economic  Environment รขลพย  National  Income รขลพย  pattern  of Income  Distribution
  2. B.Business  Environment รขลพย  Internal  Environment รขลพย  Business  Ethics  รขลพย  payment Of   Fair  Wages
  3. C.Business  Environment รขลพย  External  Environment รขลพย Micro  Environment รขลพย Suppli-Ers
  4. D.Micro  Environment รขลพยExternal  Environment รขลพย Customers  รขลพย Prospects  of Business  Development
35
Statement – I :The  industrial  policy  of  the  government  of  India  is  aimed  at  Increasing  the  tempo  of  industrial  development.
Statement – II :After  the  New  Industrial  policy – 1991,  the  balance  of   Trade For  India  has  always  been  positive.
Codes :
  1. A.Statement  (I) is  correct,  but  (II)  is  incorrect
  2. B.Statement  (II) is  correct,  but  (I)  is  incorrect
  3. C.Both  Statement  (I)  and  (II)  are  correct
  4. D. Both  Statement  (I)  and  (II)  are in correct
36
Current  Ratio 2.5,  Liquid  Ratio  1.5  and  Working  Capital  : 60000.  What  is  Current  assets ? 
  1. A.RS 60000  
  2. B.RS  80,000  
  3. C.RS 1,00,000 
  4. D.RS 1,20,000 
37
X,Y,Z  are  sharing   profits  in  the   ratio  of  6 : 5 : 3  A  is  admitted    into  partner-Ship  for  1/8th   share.  The  sacrificing   ratio  of  X , Y, and  Z  is :
  1. A.Equal  
  2. B.6 : 5 : 3
  3. C.5/14, 4/14, 5/14 
  4. D.4 : 5: 5
38
Accounting  information  given  by  a  company :
Total  assests  turnover                       3  times
 Net  profit  margin  total  assets        10%  :  1,00,000
The  net  profit  is  
  1. A.RS 10,000   
  2. B.RS 15,000 
  3. C.RS 25,000   
  4. D.RS 30,000    
39
“ Make  sufficient  provisions   for  future  losses,  but  do  not  anticipate   future  Profits.’ This  statement  is  in   accordance   to  the  concept  of : 
  1. A.Matching  
  2. B.Objectivity
  3. C.Conservatism  
  4. D.Materiality
40
When  a  firm  is   dissolved , profit   or  loss  on  realization  is  shared   by  the  pa-Tners :
  1. A.Equal 
  2. B.In  the  ratio  of  their  capital   balances
  3. C.In  the  profit  sharing  ratio
  4. D.In  the  ratio  laid  down  in  Garner  Vs.  Murray          
41
Environmental  degeneration  does  not  consist   of  :
  1. A.Land  degeneration  and  soil  erosion 
  2. B.Problem  of  over  grazing  and  ecological  degeneration
  3. C.Floods
  4. D.None  of   the  above  
42
Which  of  the  following   is   not   the   main  objective  of  “  Fiscal  Policy  of  India” 
  1. A.To  increase  liquidity  in  economy
  2. B.To  promote  price  stability
  3. C.To  minimize  the  in – equality  in  income  and  wealth
  4. D. To  promote  employment  opportunities     
43
Liberalization  means :  
  1. A.Reducing  number  of  reserved  industries  from  17  to  8
  2. B.Liberating  the  industry,  trade  and  economy  from  unwanted  restriction
  3. C.Opening  up  economy   to  the  world  by   attaining  international  competitivenes 
  4. D.Free  determination  of   interest rate     
44
Assertion  (A)  :  Industrialization  of  an  economy  is  considered   synonymous With  growth
Reasoning (R)  :The  transfer  of   resources   from  agrarian  to  industrial  may  be Capital  or  lab our  or  both.
Codes  : 
  1. A.Both  (A )  and  ( R ) are  true  and  ( R )  is  correct  explanation  of  ( A).
  2. B.Both  (A )  and  ( R ) are  true  but  ( R ) is  not  the  correct  explanation  of  ( A).
  3. C.(A) is  true  but  (R) is  false.
  4. D.(A) is  false  but  (R) is  true .         
45
Globalization is the term used to describe process of removal of  restriction On Which one of the following  ?
  1. A.Foreign trade 
  2. B.Investment
  3. C.Both  (a)  and  (b)   
  4. D.None of  the above 
46
Interest   on   loan  taken  for  the   purchase  of   fixed   assets  is  a :
  1. A.Revenue   Expenditure 
  2. B.Capital Expenditure
  3. C.Deferred   Revenue   Expenditure  
  4. D.Capital  loss  
47
DualAspect  Concept   results  in  the  following   accounting   equation : 
  1. A.Revenue =  Expenses
  2. B.Capital +  Profits  = Assets  + Expenses
  3. C.Capital  +  Liabilities  =  Assets
  4. D.capital  +  drawing  =  owner ‘s  Equity
48
Match  the   items  in  Column – 1  with  the  items  in  Column – 2 :
    Column – 1                                Column – 2
 (a)  Materiality  concept        (i) The  same  accounting  method  used  by  a 
                                                                   Firm   from  one  period  to   another
 (b)  going  Concern  Concept   (ii)  An  inappropriate   assumption  of   a  firm  
                                                                   Being   bankrupt
 (c)  Historical  Cost  concept     (iii)  A  normal   basis  used  for   accounting 
                                                                    Assets.
 (d)  Consistency  concept        (iv)  relates  to  the  importance  of  an  item  or 
                                                                   Event
Codes :   
  1. A.(a)          (b)      (c)      (d)
     (iv)      (ii)      (iii)       (i)
  2. B.(i)       (ii)       (iii)       (iv)
  3. C. (ii)       (iii)     (iv)       (i)
  4. D.(iv)     (ii)      (i)         (iii) 
49
Which of the following denote the structural changes in Indian economy ? 
  1. A.Primary sector contribution has gone down.
  2. B.Service sector contribution has gone up
  3. C.Secondary sector has not changed much
  4. D.All of the   
50
Broad Money has to be sensitized through : 
  1. A.CRR
  2. B.SLR
  3. C.Repo  Rate 
  4. D.All  of   these                                                                   
51
Which  one  is  not  an  element  of  legal  environment ?
  1. A.Act   of   Parliamentarians  in  Lok  Sabah
  2. B.Indian  Contract  Act, 1872 
  3. C.Indian  Partnership  Act, 1932
  4. D.\Negotiable  instruments  Act,  1881                                                              
52
Out of the following Which are foure dimensions of Human Development Index ?
(i)  Life  Expectancy                            (ii)  Literacy Level
(iii)  Success Rate of Marriages         (iv)  Standard of Living
(v)  Crime Rate                                  (vi)  Corruption Level
(vii)  Economic Entitlement               (viii)  Foreign Visits
Codes :
  1. A.(i),(ii), (vi) and (viii) 
  2. B.(i),(ii), (iv) and  (vii)  
  3. C.(ii), (iii), (vi)and (vii)   
  4. D.(iii),  (v),  (vii) and  (viii)
53
Public  Enterprise  is  defined   as : 
  1. A.An  organization   run  by   joint   efforts   of  Centre  and  State  Goverments.
  2. B.An  organization   which  caters   to  the  needs  relating  to  public  utilites.
  3. C.An  organization   in  which  capital  is   invested  by  public.
  4. D.An  organization  owned  and   managed   by  public  authorities  for   definite  set  Of   public   purposes. 
54
Match  list –I  with  list –II   and  select  the  correct   Answer .
List –I                                                      List – II 
 (i)  Measurement  of  in           (a)  Accrues  to  the  equity  of   owners come
(ii)  Recognition  of   expen     (b)  Recognition  of   revenuese        
(iii)  Basis  of   realiza-             (c)  Mathching  revenue  with  expensesation
 (iv)  Identification  of  rev        (d)  Accounting  periodenue
Codes : 
  1. A.(i)         (ii)       (iii)          (iv)
    (a)        (b)       (c)          (d)         
  2. B.(b)       (a)       (c)          (d)    
  3. C.(c)       (d)       (a)          (b)   
  4. D.(c)       (d)       (b)          (a)  
55
Consider  the  following  items :
(i)  Debentures                 (ii)  Prepaid   rent
(iii) Interest  accrued (iv)  Bank  overdraft
Which  of  them  are  current  liabilities ?
  1. A.(i), (ii), (iii)  and  (iv)
  2. B.(iv)
  3. C.(ii), (iii)  and  (iv) 
  4. D.(i), (ii), and  (iii) 
56
Conversion  cost  is  the  sum  of :
  1. A.Indirect  wages  and  factory   overhead
  2. B.Direct  wages, direct  expenses   and  factory   overhead
  3. C.Direct  material  cost  and  indirect   wages
  4. D.Prime  cost  and  selling  &  distribution   overhead
57
Direct supervision over depositories and mutual funds is undertaken by 
  1. A.NBFCs  
  2. B.RBI
  3. C.SEBI  
  4. D.All   of  the  above                                      
58
In  the  call/  notice   money  market, which  of   the  following   -ed  to  trade  ?
  1. A.All  Banks,  Primary  Dealers   and  Mutual   Funds
  2. B.All  Corporates                         
  3. C.Only  Commercial   Banks      
  4. D.All   of  the  above                                                                         
59
Match  the  items  of  list –I   and  list –II   and  select  the  correct  answer
List –I                                                List – II 
(i)  Private  ownership  and                  (a)   Secondary   market
         Free  Enterprise
(ii)  Government  ownership  and           (b)  Capitalism        
   Central  Authority
(iii)  The  market  for  the  sale  and       (c)  Primary  Market
     Purchase  of   previously   issued
(iv)  The  market  for   new  long  term     (d)  Socialism
        capital
Codes :       
  1. A.(i)        (ii)      (iii)     (iv)
    (b)       (d)     (a)      (c)
  2. B.(a)       (b)     (c)      (d)
  3. C.(b)      (d)     (c)      (a)
  4. D.(a)      (c)     (b)      (d)                                                                  
60
The  apex  consumer  court   in  India  is   referred   to  as
  1. A.The  Consumer   Education   and   research   Centre
  2. B.The  Consumer   Unity   and   Trust  society.
  3. C.The  Consumer   Unity   and   Trust  society.
  4. D.None  of  the  above    
61
Who is Chairman of  13th  Finance commission  ?
  1. A.Dr. C. Rangarajan 
  2. B.Mr. Vimal Jalan
  3. C.Dr. Vijay C. Kelkar 
  4. D.None of the above                                     
62
Insurance   expenses  paid   to   bring  an  equipment   from  the  place  To   the  place  of   installation   is  a  type  of
  1. A.Revenue  expenditure
  2. B.Capital  expenditure
  3. C.Deferred  revenue  expenditure
  4. D.Operating  expense 
63
ABC  Ltd  was   incorporated    with  an   authorized  share  Capital  of   :  1,00,000Equity   share  of   :  10  each. The  Board   of  Directors   the  company  decided   toAllot  10,000  shares  credited   as  fully  paid   to   the  promoters   of   the  company For  their  services.  Which  account   should   be  debited   in  the  books  of   ABC  ltd
  1. A.Promoter’s  account 
  2. B.Services  Account
  3. C.Goodwill   account   
  4. D.Share  Capital   Account
64
In  a  reconstruction   scheme,  the  reducholders  in  respect   of   capital   may Take   the  form   of
  1. A.Reducing  the  liability   of  the   shareholders   in   respect  of   any   unpaid   amo- Unt  on   shares  held  by   them.
  2. B.Paying  - off  any   paid – up  share  capital   which  is  in  excess   of   its  require-Ment.
  3. C.Cancelling  any  paid- up   share   capital   which  is   lost  or   unrepresented  by  Available  assets.
  4. D.All   of  the  above 
65
There  is   acute  shortage  of   electricity  in   some   of  the   states  in  India  this Reflects  a problem   in  which   type  of   business  environment ?
  1. A. Economic  
  2. B.Demographic
  3. C.Politico – legal
  4. D.Socio -  cultural      
66
Match  the   items  given in list –I  and  list –II  :
List –I                                           List – II 
(a)  Economic   liberali-          (i)  It – enabled   services
  Sation
(b)  Out  sourcing                    (ii)  SFIO
(c)  Corporate  frauds             (iii)  Macro  Economic  stability
(d)  Second  generation         (iv)  Increased  Competition
       reforms
Indicate   the  correct   combination :
Codes :
  1. A.(a)       (b)       (c)      (d)
    (i)       (ii)        (iii)      (iv)
  2. B.(i)       (iii)      (ii)       (iv)
  3. C.(ii)       (iii)      (iv)      (i)     
  4. D.(iv)       (i)      (ii)       (iii)                                                                 
67
Which  of  the  following  is  true ? 
  1. A.A  consumer  court  setup  under  the  Consumer   protection  Act,  does  not  have The  power  to   punish  for  its  contempt. 
  2. B.Professional   services   are  outside   the  purview  of  the   CPA.
  3. C.A  consumer  court  cannot   force  a  person  indulging  in  misleading  advertising In  misleading   advertising   to   confess   his  quit.
  4. D.None  of  the  above
68
Match  the   items/  terms  given  in  list – I  with  those  given  in  and  list – II  :
List – I                     List – II 
(a)  BIS          (i)  Print  Media
(b)  CERC     (ii)  Minimum support price for agricultural products.
(c)  CACP     (iii)  Quality of manufactured products.
(d)  PCI        (iv)  Comparative product testing
 Indicate the correct answer :
Codes :
  1. A.(a)       (b)         (c)        (d)
    (iv)      (iii)         (ii)         (i)
  2. B.(i)       (ii)         (iii)           (iv)
  3. C.(iii)      (iv)         (ii)         (i)
  4. D.(ii)      (iii)         (iv)         (i)                                                                 
69
Which   one  among  the  following   is  not   the  salient  feature  of   Since  1991 ?
  1. A.Enormous  expansion  of   the  private  sector.
  2. B.Redefining  the  role  of  public  sector.
  3. C.Limited   exposure  of  Indian  industry  to  foreign  competition
  4. D.Pruning  of  the  list  of   items   reserved  for   SSI  units.
70
A,  a   partner  in  a  firm,  is  drawing  :  500  regularly  on  the   16th  of  every Month.  He  will  have  to  pay  interest  at  the  given  rate  in  a   year  on  :  6,000 For  the  total  period   of :
  1. A.5  months     
  2. B.6  months
  3. C.7  months 
  4. D.12  months     
71
Subsequent  expenditures   that   extend   the  useful  life,  improve  the  quality  of Output,  or  reduce  operating   costs  of   an  existing   asset   beyond   their   original ly  Estimated  levels  are :
  1. A.Capital   expenditures 
  2. B.Revenue  expenditures
  3. C.Deferred  Revenue   expenditures 
  4. D.None  of  the  above 
72
Marginal -  costing   technique  is  useful  for :
  1. A.Make  or  buy  decisions 
  2. B.Profit  planning
  3. C.Shut – down  decisions 
  4. D.All  of  the  above   
73
The  world’s  first  electronic  stock  market  is :
  1. A.KOSPI   
  2. B.Nikkei
  3. C.NASDAQ
  4. D.Dow  Jones   
74
The  Human  Development  Index ( HDI )  is  introduced  by : 
  1. A.UNDP  
  2. B.UNICEF
  3. C.IMF  
  4. D.World  Bank 
75
Examine  the  following   statements   and  choose  the  correct  code

Assertion  (A)  :  American  style  option,  compared  to  European  style,  provides  More  freedom   to  option  holders  in  exercising   the  option.
Reason (R) : American  style  option,  can  be  exercised  only  at  a  specified  date. Which  is  generally  the  expiration  date.
Codes :
  1. A.Both  (a)  and  (R)  are  correct 
  2. B.Both  (a)  and  (R)  are  wrong
  3. C.(a)  is  correct,  but ( R)  is  wrong
  4. D.(a)  is not  correct,  but ( R)  is 
76
From  the  statements  given  below, identify  the  correct  code :
Statement ( I) :  The  key  strategy  behind  acquiring  a  company  is  to  create  share   Holder’s  value.
Statement ( II) :  Conglomeration  is  a  merger  between  two  companies   that  have Common  business  areas.
Statement ( III) :  MRTP  act  got   replaced   by  the   competition  Act, 2002  in  India.
Codes : 
  1. A.All  the  three  statements   are  correct
  2. B.Statements ( I)  and  (II) only  are  correct
  3. C.Statements ( I)  and  (III) only  are  correct
  4. D.Statements ( II) only  is  correct                                                            
77
From the following identity the tools of fiscal policy :
(i) Public expenditure
(ii) Open market operations
(iii) Deficit financing
(iv) Taxation
(v) Reserve requirements
Codes :
  1. A.(i), (iii), (iv)  and (v) 
  2. B.(i), (ii), (iv)  and (v)
  3. C.(ii)  and (v) 
  4. D.(i), (iii), and (iv)  
78
The  basic  difference  between   a  static  budget  and   flexible  budget  is  that :  
  1. A.A  flexible  budget   considers  only  variable  costs  but  a  static  budget  considersAll  costs.
  2. B.Flexible  budget   allow  management  latitude  in  meeting  goals,  whereas  static Budget  is  based  on   fixed  standards.
  3. C.A  flexible  budget   is  applicable  for  a  single  department  only  but  a  static  bugeT  for  entire  production  facility.
  4. D.A  flexible  budget   can   be  prepared  for   any production  level Range  but  a  static  budget  is   based  on   one  specific  level  of   production.
79
A  retiring  partner  continues  to  be  liable   for  oblations   incurred  after  his  ret Irement :
  1. A.If  unpaid  amount  is  transferred  to  his  loan   account.
  2. B.If  he  does  not   give  public   notice.
  3. C.If  he  starts  a   similar  business  else  where.
  4. D.In  all  the  situations  till  he  survives.   
80
In  what  order,  the  following  assets  are   shown  in  the  balance  sheet  of   a  Company ?
(i)  Trade  receivables            (ii)  Cash
(iii)  Furniture  and  fittings     (iv)  Investment  in  shares  and  debentures
Codes :
  1. A.(ii), (i), (iv), (ii
  2. B.(i), (ii), (iii), (iv)
  3. C.(iii), (iv),(i), (ii)
  4. D.(iv), (iii),(ii), (i)
81
Which is the most potent driver of business transformation during Covid-19 pandemic ?
  1. A.Ethical consciousness
  2. B.Scale economies and pricing power
  3. C.Technology adoption and innovation
  4. D.Supply chain logistics and government interventions
82
Counter Vailing Duties (CVD) are often imposed on imports to off set the impact of :
  1. A.Predatory pricing
  2. B.Export subsidies
  3. C.Dumping
  4. D.Low cost financing
83
To prevent opportunistic takeover of domestic firms amid Covid-19 pandemic. Foreign Direct Investment (FDI) from countries that share borders with India is allowed through :
  1. A.Automatic route
  2. B.Government route
  3. C.FIPB route
  4. D.DPIIT route
84
Factor conditions in Michael Porter’s competitive advantage National Include :
  1. A.Market size
  2. B.Demand conditions
  3. C.Internationally competitive suppliers
  4. D.Skilled labour and scientific knowledge
85
In case the purchasing company agrees to act as the agent of the vendor for collection of the book debts, in the books of the purchasing company, the amount of debtors should be credited to :
  1. A.Vendor’s debtors account
  2. B.Vendor’s suspense account
  3. C.Debtors account
  4. D.Creditors account
86
When the value of “Investment in subsidiary” in the holding company’s balance sheet in more then the book value of the net assets acquired, the difference represents :
  1. A.Capital reserve on consolidation
  2. B.Goodwill on consolidation
  3. C.Minority interest
  4. D.Post acquisition profit
87
The basic method of valuing human assets is :
  1. A.Adjustment
  2. B.Amortization
  3. C.Capitalization
  4. D.Quasi equity
88
X and Y are partners, sharing profits and losses in the ratio of 4 :3. They admit Z into the partnershipand for 1/5th share. X and Y decide to share the future profits in the ratio of 2 :1. What is the sacrificing ratio of X and Y ?
  1. A.4 : 3
  2. B.13 : 8
  3. C.8 :13
  4. D.4 :17
89
The value of the firm in wealth maximization objective is measured by :
  1. A.Present value of all expected future cash flows
  2. B.All expected future cash flows
  3. C.Percent value of all expected future profits
  4. D.All expected future profits
90
For a decline in price, total revenue declines in the demand of the product is :
  1. A.Inelastic
  2. B.Elastic
  3. C.Unitary elastic
  4. D.Zero elastics
91
Business environment refers to?
  1. A.Internal accounting system only
  2. B.All external and internal factors affecting business
  3. C.Only government policies
  4. D.Only competition
92
Economic environment of business mainly includes?
  1. A.Economic systems and policies
  2. B.Cultural values
  3. C.Political ideology only
  4. D.Technological tools only
93
Which is a part of monetary policy?
  1. A.Tax rates
  2. B.Subsidies only
  3. C.Government expenditure
  4. D.Bank rate and repo rate
94
Fiscal policy is related to?
  1. A.Money supply control
  2. B.Foreign trade
  3. C.Government revenue and expenditure
  4. D.Banking regulations only
95
Mixed economy means?
  1. A.Only private sector
  2. B.Only public sector
  3. C.Co-existence of public and private sectors
  4. D.Foreign sector only
96
In a capitalist economy, major decisions are taken by?
  1. A.Government
  2. B.Planning commission
  3. C.Judiciary
  4. D.Market forces
97
Socialist economy is characterized by?
  1. A.Private ownership
  2. B.Public ownership of means of production
  3. C.Free competition only
  4. D.No government role
98
The main objective of monetary policy is?
  1. A.Population control
  2. B.Export promotion only
  3. C.Foreign investment
  4. D.Price stability and economic growth
99
Fiscal deficit refers to?
  1. A.Total revenue
  2. B.Excess of expenditure over revenue
  3. C.Export minus import
  4. D.Bank deposits
100
Political environment of business includes?
  1. A.Climate conditions
  2. B.Consumer taste
  3. C.Government stability and policies
  4. D.Technology level