UGC NET Commerce 2023 Question Paper & Answers
The official UGC NET Commerce 2023 question papers, with the official answer key. Attempt as a real timed exam (with negative marking) or switch to practice mode for instant per-question answers and explanations.
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Official PYQ
UGC NET Commerce 2023 (December 2023 cycle, Paper 2)
120 Mins 200 Marks
100Questions
200Max Marks
Sample questions from UGC NET Commerce 2023 (December 2023 cycle, Paper 2)
1________ as defined under the Foreign Trade Policy (FTP), implemented by Director General of Foreign Trade has the main aim to "mentor new and potential exporters on the intricacies of foreign trade through counselling, training and outreach programmes" so that they can get into international trade.
- A) Niryat Bharat Scheme
- B) Niryat Bandhu Scheme
- C) Niryat Benefit Scheme
- D) Niryat Border Scheme
Answer: B
2________ is a marketing term for any design to prompt an immediate response or encourage an immediate sale.
- A) Call for Promotion
- B) Call for Activity
- C) Call for Action
- D) Call to Aspiration
Answer: C
3The exporting firm is termed 'rider' where the other firm with an established distribution channel in the target country is termed as 'Carrier'. This phenomenon is known as:
- A) Counter Trade
- B) Barter
- C) Piggy Backing
- D) Switch Trading
Answer: C
4In International Commercial Terms (INCOTERMES), identify the one, under which the delivery of goods to the named place of destination (discharge) takes place at the seller's expense. Buyers assumes the cargo insurance, import custom clearance, payment of custom duties, taxes and other costs and risk.
- A) Carriage and Insurance Paid To (CIP)
- B) Cost, Insurance and Freight (CIF)
- C) Carriage Paid To (CPT)
- D) Cost and Freight (CFR)
Answer: C
5In which ratio, will the remaining partners compensate the retiring partner for a share of goodwill?
- A) Profit-sharing ratio
- B) Sacrificing ratio
- C) Gaining ratio
- D) Capital ratio
Answer: C
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Official PYQ
UGC NET Commerce 2023 (June 2023 cycle, Paper 2)
120 Mins 200 Marks
100Questions
200Max Marks
Sample questions from UGC NET Commerce 2023 (June 2023 cycle, Paper 2)
1For customers, which are the areas of ethical and social responsibility concerns?
A. Product Safety
B. Fair Price
C. Fair Wages
D. TQM
E. Proper disclosures and information
Choose the correct answer from the options given below:
- A) C and D only
- B) C, D and E only
- C) A and E only
- D) A, B and E only
Answer: D
2As suggested by Collins, arrange the following leadership levels in the sequentially higher order.
A. The leader is a competent manager
B. The leader is an executive
C. The leader is a highly capable individual
D. The leader is an effective leader
E. The leader is a contributing team member.
Choose the correct answer from the options given below:
- A) B, C, D, A, E
- B) C, E, A, D, B
- C) C, A, E, D, B
- D) C, E, A, B, D
Answer: B
3In the case of two variables. the estimated regression equation is ŷ = . The total sum of squares is 15730 and the sum of squares due to error is 1530. The estimated regression line based on this information is a ______.
- A) Poorest fit
- B) Moderate fit
- C) Good fit
- D) Best fit
Answer: C
4Given below are two statements: One is labeled as Assertion A and the other is labeled as Reason R.
Assertion A: When a partner retires, all the assets and liabilities are revalued according to current value.
Reason R: The balance sheet should show the correct values of assets and liabilities.
In the light of the above statements, choose the most appropriate answer from the options given below:
- A) Both A and R are correct and R is the correct explanation of A
- B) Both A and R are correct but R is not the correct explanation of A
- C) A is correct but R is not correct
- D) A is not correct but R is correct
Answer: B
5Which are the appropriate tax planning perspectives in case of shutdown or continued decision under the Income Tax Act, of 1961?
A. Business loss and unabsorbed depreciation can be carried forward and set off against profit and gain.
B. The loss-making company and profit-making company may merge to avail of the tax benefit
C. Tax benefit of deduction u/s 33 AB and 115 VT may be withdrawn and liable to tax for the year in which the business is discontinued.
D. The condition of section 80 IC of the Act, a deduction is allowed for such undertaking
E. If a person has more than one business, the loss-making business may not be discontinued.
Choose the most appropriate answer from the options given below:
- A) A, C and D only
- B) B, D, and E only
- C) C, D and E only
- D) A, C and E only
Answer: D
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