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Objective Type Question - NET exam paper 2

Objective Type Question
Paper - ii
1. A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A's share is Rs. 855, the total profit is:
A. Rs. 1425B. Rs. 1500
C. Rs. 1537.50D. Rs. 1576


2.Consumer is
[1]buys any goods for a consideration which has been paid or promised or partly paid and partly promised, or under any system of deferred payment
[2]hires or avails of any services for a consideration which has been paid or promised or partly paid and partly promised, or under any system of deferred payment
[A] Both  (1) and (2) are correct
[B] Both  (1) and (2) are incorrect
[C]Only (1)
[D]Only (2)

3.  Which of the following is not element of the micro environment    
[A]Supplier
[B].Competitor
[C] Social Factors   
[D].Publics

4.Match the following legislation with the year of their enactment
[a]Industries Development and Regulation                               [i]  1999
[b}Foreign Exchange Management Act                                 [ii]1951
[c]Securities and Exchange Board of India                              [iii]1969
[d]Monopolistic and Restrictive Trade Practices Act               [iv]1992
    [a]       [b]    [c]    [d]
A   [i]        [ii]    [iii]      [iv]
B.  [ii]        [i]     [iv]    [iii]
C   [iv]       [ii]     [i]     [iii]
D.  [iii]       [iv]    [ii]     [i] 


5.which of the following is not an Instruments of Monetary Policy
[A]Open Market Operations
[B]Changes in Reserve Ratios
[C]Bank Rate Policy
[D]Deficit Financing



Answer
1 [B]Let the total profit be Rs. 100
After paying to charity, A's share = 95*3/5 = Rs. 57.
If A's share is Rs. 57, total profit = Rs. 100
If A's share Rs. 855, total profit =100/57*855 = 1500    
 2.[A]    3.[C]   4.[B]    5.[D]

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