UGC NET 2017 Paper 3 Commerce Question Paper (05-Nov-2017)

Question 1

Assertion (A) : Buyers, for several industries, are potential competitors-they may integrate backwards.Reasoning (R) : They have different degrees of bargaining power.Code :

Accepted Answer

(A) and (R) are correct and (R) is the correct reasoning of (A).

Answer

(A) and (R) are correct but (R) is not the correct reasoning of (A).

Answer

(A) is incorrect while (R) is a correct statement.

Answer

Both (A) and (R) are incorrect.

Question 2

Which one of the following is the governing factor in deciding the type of redressal agency which will deal with the dispute of a consumer ?

Accepted Answer

The value of goods and services sold

Answer

Area of sale of goods and services

Answer

Type of goods and services sold

Answer

The choice of the consumer

Question 3

Match List - I with List - II relating to the roles played by government in an economy and indicate the correct code of their matching.List - I (Roles)List - II (Examples)(a) Regulatory role(i) Deciding timing and usage of resources(b) Promotional role(ii) Capital intensive projects of public sector(c) Entrepreneurial role   (iii) Imposing of high import duty(d) Planning role(iv) Measures to control and cover risk in priority sectors

Accepted Answer

(a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)

Answer

(a)-(iv), (b)-(ii), (c)-(i), (d)-(iii)

Answer

(a)-(iii), (b)-(i), (c)-(iv), (d)-(ii)

Answer

(a)-(i), (b)-(iii), (c)-(iv), (d)-(ii)

Question 4

Which one of the following statement is not correct relating to Competition Policy and Law ?

Accepted Answer

State monopolies, government’s business policies and functioning of Regulatory Authorities cannot be scrutinized under this law.

Answer

Collusion and dominance have potential for unfair competition.

Answer

The appeal against decisions of Competition Commission of India can be made to the Competition Appellate Tribunal.

Answer

Abuse of dominance rather than dominance should be the key for Competition Policy / Law.

Question 5

Which one of the following is not correct with reference to standard costing ?

Accepted Answer

Only adverse variances are investigated intensively

Answer

Standard costing is a system where pre determined costs are used for control of entire organisation

Answer

Standard may be expressed in quantitative and monetary measures

Answer

Standard is determined for each element of cost

UGC NET 2017 Paper 3 Commerce Question Paper (05-Nov-2017)

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List - I (Roles)	List - II (Examples)
(a) Regulatory role	(i) Deciding timing and usage of resources
(b) Promotional role	(ii) Capital intensive projects of public sector
(c) Entrepreneurial role	(iii) Imposing of high import duty
(d) Planning role	(iv) Measures to control and cover risk in priority sectors