NET Commerce Exam Questions with Answers

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1. There is acute shortage of electricity
in some of the states in India. This
reflects a problem in which type of
business environment ?
(A) Economic
(B) Demographic
(C) Politico-legal
(D) Socio-cultural

Which of the following is true ?
(A) A consumer court setup under
the Consumer Protection Act,
does not have the power to
punish for its contempt.
(B) Professional services are
outside the purview of the
CPA.
(C) A consumer court cannot force
a person indulging in
misleading advertising to
confess his quit.
(D) None of the above.

Which one among the following is
not the salient feature of industrial
policy since 1991 ?
(A) Enormous expansion of the
private sector.
(B) Redefining the role of public
sector.
(C) Limited exposure of Indian
industry to foreign competition.
(D) Pruning of the list of items
reserved for SSI units.

A, a partner in a firm, is drawing
` 500 regularly on the 16th of every
month. He will have to pay interest at
the given rate in a year on ` 6000 for
the total period of
(A) 5 months (B) 6 months
(C) 7 months (D) 12 months

Subsequent expenditures that extend
the useful life, improve the quality of
output, or reduce operating costs of
an existing asset beyond their
originally estimated levels are
(A) Capital expenditures
(B) Revenue expenditures
(C) Deferred Revenue expenditures
(D) None of the above
NET Commerce Paper & Answer Key







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