CBSE NET JAN 2017 commerce-2

1. Assertion (A) : Corporate culture is generally considered as either closed and threatening or as open and participatory.

Reason (R) : Corporate culture and style of functioning of top managers is important factor for determining the internal environment of a company

  1.  A is correct, but R is incorrect.
  2.  Both A and R are correct and R is the correct explanation of A
  3.  Both A and R are correct, but R is not the correct explanation of A
  4.  R is correct but A is incorrect.

ANS. -2   explanation

2. Statement 1 : If the workers develop an attitude of non-cooperation with management a repressive economic system may be needed to set right this industrial disorder.

Statement 2 : By fulfilling social responsibility towards shareholders, employees, consumers, government and community, a business achieves economic growth and increase public image.

  1. Statement 1 is correct, b ut statement 2 is incorrect.
  2. Both the statement 1 and 2 is correct.
  3. Statement 2 is correct but 1 is incorrect.
  4. Both the statements are incorrect

ANS-  2

 

3. Match the items of list 1 with list 2

a. Planning commission                                                                        -1993

b. Competition Act                                                                                   -2002

c. Adrian Cadbury committee                                                              -1951

d. Rangarajan committee on disinvestment in PSEs                      -1991

ANS-3

planning commission-1951, Completion Act-2002, Adrian committee-1991, Rangarajan Committee- 1993.

 

4. From which five year plan “Growth with social justice ” has received emphasis ?

  1.  5th
  2. 6th
  3. 7th
  4. 10th

ANS-  1. 5th plan

 

5. Which of the following is not the objective of Competition Act 2002 ?

  1. Prohibition of restrictive trade practices
  2. Prohibition of  dominant position
  3. Prohibition of Anti-competitive Agreements
  4. Regulation of Combinations

ANS- 1. Prohibition of restrictive trade practices

 

6. Consolidated Financial statements are prepared on the principle

  1.  In form the companies are one entity, in substance they are separate.
  2.  In form companies are separate, in substance they are one.
  3.  In form and substance the companies are one entity.
  4.  In form and substance the companies are separate.

ANS- 2. In form companies are separate, in substance they are one.

 

7. Match the items

a. Acid Test Ratio                                                       -Profitability Analysis

b. Debt Service Coverage Ratio                               -Activity analysis

c. Debt Equity Ratio                                                   -Liquidity Analysis

d. Stock Turnover Ratio                                            -Long-Term solvency analysis

ANS-  4

a. Acid Test Ratio-Liquidity Analysis

b.Debt Service Coverage Ratio-Profitability Analysis

c. Debt Equity Ratio–Long-Term solvency analysis

d. Stock Turnover Ratio-Activity analysis