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GOVERNMENT COLLEGE, CHITTUR

NET-MOCK TEST (PAPER II)


December-20, 2009

1. Consumer movement got its conspicuous beginning and development in which country?
(A) United States of America (B) Russia (C ) India (D) Japan
2. Which of the following is not an essential feature of social environment?
(A) Competitiveness (B) Respect for the individual (C ) Better quality of life (D) Bailment
3. National Stock Exchange of India is certified by ________
(A) Finance Ministry (B) SEBI (C ) Companies Act (D) RBI (E) Central Government
4. In case the shares are fortified , the capital account is debited by_
(A) Nominal value of shares (B) Paid up amount on shares (C ) Called up amount on shares
(D) Uncalled up amount on shares
5. Accounting standard-14 is related will be –
(A) Amalgamation (B) Valuation of stock ( C) Depreciation Accounting (D) Valuation of Assets
6. Which of the following is not a sources of “funds’?
(A) Purchase of machinery (B) Profit earned during the year (c) Issue of share capital (d) Long term loan raised
7. The input costs that do not require an outlay of money by the concern called-
(A) Implicit costs (B) Explicit costs (c) Replacement cost (D) Marginal cost
8. A graph of the relationship between the price of a goods and the quantity supplied called-
(A) Supply curve (B) Demand curve (C) Normal Curve (D) MOS Curve
9. Which is the sensitivity of change in the quantity of a product demanded to change in a variable?
(A) Elasticity of demand (B) Elasticity of price (C) Elasticity of supply (D) None of these
10.A physical entity on which an observation is made known as-
(A) Elementary unit (B) Sample (C) Survey (D) None of these
11. Which one of the following point is not included under the importance of the Hypothesis?
(A) Providing right direction to the study (B) Helpful in delimiting the field of study
(C) Helpful in collecting relevant data (D) Helpful in decision –making
12. Determine the spearman’s rank correlation coefficient from the following details-
ED2-30, N=10
(A) Rs=0.82 Rs=0.32 Rs=0.40 None of these
13. The principle of ‘Unity of command’ implies-
(A) Unity of thought and action (B) Unity among subordinates (C) Instructions from staff authority
(D) Instructions from line authority

14. The technique of carrot and stick is used in a business organisation for
(A) Reducing Absenteeism (B) Motivation (C) Effective Leadership (D) Rewarding workers
15. According to “Need Hierarchy theory” of Maslow levels of hierarchy”
(A) 5 (B) 4 (C) 3 (D) 2
16. Motivation refers to-
(A) Coordinate the people (B) Guide the working people (C) Terrorise the people (D) Inducing people to work willingly
17. Elton Mayo is main contributor to-
(A) Classical approach (B) Bureaucracy (C) Modern theory of management (D) Human relations approach
18. Promotion mix is the particular combination of promotional tools used by a company to ………with its audience.
(A) Communicate (B) Plan (C) Decision (D) HELP
19. Product based organisation are divided into units that specialize in marketing certain products or types of-
(A) product (B) Service (C) Firm (D) Channel
20. Equity shares oat current price of Rs.120 and paying current dividend of Rs.9 per share which is expected to grow at a rate of 8%.
(A) 15.5% (B) 15% (C) 18% (D) 20%
21. Stock dividend……………the number of equity share.
(A) Increase (B) Decrease (C) Neutral (D) Even
22. The Bombay passed Trade Disputes Conciliation Act was passed in-
(A) 1934 (B) 1936 (C) 1937 (D) 1947
23. When was established the Indian Institute of Social Welfare and Business management in Calcutta?
(A) 1945 (B) 1947 (C) 1960 (D) 1980
24. Equity Theory of work motivation has been developed by-
(A) J.S.Adams (B) J.A. Kaul (C) R.Thesis (D) Dr L N Koli
25. When was introduced Banking Regulation Act in India?
(A) 1935 (B) 1940 (C) 1949 (D) 1956
26. The National Bank for Agriculture and Rural development. (NABARD) was set up in-
(A) 1882 (B) 1982 (C) 1819 (D) 1990
27. When state Bank of India took over the assets and liabilities of the former Imperial Bank of India?
(A)july 1,1955 (B)june,1,1950 (C) july 1,1960 (D) March 1,1970
28. As per the reports in the financial newspapers CCEA cleared many FDI proposals recently. What is the full form of CCEA ?
(A) Cabinet Committee on Economic Affairs
(B) Congress Committee on Economic Affairs
(C) Cabinet Committee on Emergency Accounts
(D) Clearance Committee on Export Accounts
29. Many times we read in newspapers that the RBI has revised certain rates/ratios under LAF. What is the full form of LAF ?
(A) Legal Adjustment Facility (B) Liquidity Adjustment Facility (C) Long term Achievement Facility
(D) Legal Adjustment Formality
30. Which of the following states in India is at the top of the Investment Index prepared by the World Bank ?
(A) Gujarat (B) Maharashtra (C) Karnataka (D) Tamil Nadu
31. India recently signed an agreement with the European patent office. How would this agreement be helpful to our country ?
1. It will help India to protect its traditional knowledge of medicines.
2. India’s Traditional Knowledge Library which is in digital form will now be available to the Patent Examiners at the European
Patent Office.
3. India will have the right to grant patents for all its traditional medicines and herbs.
(A) Only 1 (B) Only 2 (C) Only 3 (D) All the three
32.The 14th Summit of the Association of South-East Asian Nations (ASEAN) was organized in which of the following countries ?
(A) Vietnam (B) Myanmar (C) Indonesia (D) Thailand
33. Which of the following is an international forum to discuss and implement supervisory norm in all the banks of the world ?
(A) Basel Committee(B) UN Charter on Commercial Laws
(C) International Board of Banks and Finance (D) World Trade Organisation
34. Which of the following is/are true about the Competition Commission which is set up recently ?
1. The Commission is established to prevent practices which do not support healthy business competition.
2. The Commission will have five members including the Chairman.
3. The Commission has to ensure that the financial operations of any business entity does not get concentrated in the hands of few
people.
(A) Only 1 (B) Only 2 (C) Only 3 (D) All the three
35. The Banking Industry and financial sector in India has come a long way in the past few years. Which of the following were the
major drawbacks of the banks in India, inherited from the British Raj owing to which the Govt. of India decided to nationalize them in
1969 and put them through a series of reforms again ?
1. Interlocking of directorship of big business houses.
2. Paucity of credit to socially and economically important sectors of the economy.
3. Shortage of trained manpower to handle the major task of economic development.
(A) Only 1 (B) Only 2 (C) Only 3 (D) Both 1 and 2
36. Which amongst the following nations is not a member of the SAARC ?
(A) Bangladesh (B) Bhutan (C) Nepal (D)South Africa
37. Which of the following is not a foreign bank working in India ?
(A) HSBC (B) Barclays (C) Standard Chartered (D) All are foreign banks
38. Who amongst the following economists gave the concept of ‘economies of scale’, which says ‘many goods and services can be
produced more cheaply in long series’ ?
(A) Edward C. Prescott (B) Amartya Sen (C) Gary S. Becker (D) Paul Krugman
39. As per new revised rules now Foreign Direct Investment in Insurance sector is possible upto the limit of—
(A) 26% (B) 40% (C) 49% (D) 70%
40. The World Development Report 2009 was released recently. Who publishes the World Development Report every year?
(A) Asian Development Bank (B) World Bank (C) International Monetary Fund (D) United Nations Organizations
41. According to Dr. C. Rangarajan ‘Committee on Financial Inclusion (2007)’, what percentage of Rural Population in India holds
Bank Account ?
(A) 18 per cent (B) 24 per cent (C) 31 per cent (D) 35 per cent
42. As per the WTO Uruguay Round Agreement the domestic support creating trade distorting effect on agricultural commodities are
included in……
(A) Green Box (B) Amber Box (C) Pink Box (D) None of these
43. When more than one banks are allowing credit facilities to one party in coordination with each other under a formal arrangement,
the arrangement is generally known as—
(A) Participation (B) Consortium (C) Syndication (D) Multiple banking
44. What is an Indian Depository Receipt ?
(A) A deposit account with a Public Sector Bank
(B) A depository account with any of Depositories in India
(C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing
company
(D) An instrument in the form of deposit receipt issued by Indian depositories
45. An instrument that derives its value from a specified underlying (currency, gold, stocks etc.) is known as—
(A) Derivative (B) Securitisation Receipts (C) Hedge Fund (D) Factoring
46. Reverse repo means—
(A) Injecting liquidity by the Central Bank of a country through purchase of Govt. securities
(B) Absorption of liquidity from the market by sale of Govt. securities
(C) Balancing liquidity with a view to enhancing economic growth rate
(D) Improving the position of availability of the securities in the market
47. Currency Swap is an instrument to manage—
(A) Currency risk (B) interest rate risk (C) currency and interest rate risk (D) cash flows in different currencies
48. Euro Bond is an instrument—
(A) issued in the European market (B) issued in Euro Currency
(C) issued in a country other than the country of the currency of the Bond (D) All of the above
49. Which of the following is the Regulator of the credit rating agencies in India ?
(A) RBI (B) SBI (C) SIDBI (D) SEBI
50. Which of the following is not a member of the ASEAN ?
(A) Malaysia (B) Indonesia (C) Vietnam (D) Britain