UGC NET 2018 Paper 2 Commerce Prev Year Paper (08-Jul-2018)

Question 1

The central bank can significantly influence the savings, investments and consumer spending in the economy through which of the following policy ?

Accepted Answer

Monetary Policy

Answer

Fiscal Policy

Answer

Industrial Policy

Answer

Foreign Exchange Policy

Question 2

Which one of the following is not the characteristic of capitalism ?

Accepted Answer

The country&rsquo;s major means of production are either owned by the Government or their use is controlled by the Government.

Answer

Individuals and associations behave with economic motive of maximising their profit with least sacrifice or cost.

Answer

Producers, consumers and employees compete among themselves, as the resources and opportunities are limited.

Answer

Price, the invisible hand, plays a predominant role in the flow of the factors of production and consumption.

Question 3

Which of the following is not the salient feature of the industrial policy developments since 1991 ?

Accepted Answer

Monopoly or dominant position for the public sector in most of the industries and control of the commanding heights of the economy by the public sector.

Answer

The scope of the private sector has been enormously expanded.

Answer

Public sector has been withdrawing partially or fully from several of the enterprises by divestment.

Answer

The Indian industry is increasingly exposed to foreign competition

Question 4

Which of the following does not form the part of the important information to be incorporated in the Memorandum of Association as specified in the Companies Act, 2013 ?

Accepted Answer

The rules, regulations and bye-laws for the internal management of the company.

Answer

The name of the company and the state in which it is situated.

Answer

The objects for which the company is proposed to be incorporated.

Answer

The liability of the members of the company, whether limited or unlimited.

Question 5

Assertion (A) : The volume of imports tends to be very high when there is a conjecture of high rate of economic growth and a sharp fall in the relative price of imports and vice versa. Reason (R) : High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.

Accepted Answer

Both (A) and (R) are correct and (R) is the right explanation of (A).

Answer

Both (A) and (R) are correct but (R) is not the right explanation of (A).

Answer

(A) is correct but (R) is not correct.

Answer

(R) is correct but (A) is not correct.

UGC NET 2018 Paper 2 Commerce Prev Year Paper (08-Jul-2018)

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