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Time Allowed : 2 Hours] [Maximum Marks : 200 Number of Pages in this Booklet : 32 Number of Questions in this Booklet : 100 Signature and Name of Invigilator 1. (Signature) ......................................... (Name) ................................................ 2. (Signature) ......................................... (Name) ................................................ COMMERCE APR - 50224 A Instructions for the Candidates 1. Write your Seat No. and OMR Sheet No. in the space provided on the top of this page. 2. This paper consists of 100 objective type questions. Each question will carry two marks. All questions of Paper II will be compulsory. 3. At the commencement of examination, the question booklet will be given to the student. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as follows : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal or open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to missing pages/questions or questions repeated or not in serial order or any other discrepancy should not be accepted and correct booklet should be obtained from the invigilator within the period of 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given. The same may please be noted. (iii) After this verification is over, the OMR Sheet Number should be entered on this Test Booklet. 4. Each question has four alternative responses marked (A), (B), (C) and (D). You have to darken the circle as indicated below on the correct response against each item. Example : where (C) is the correct response. 5. Your responses to the items are to be indicated in the OMR Sheet given inside the Booklet only. If you mark at any place other than in the circle in the OMR Sheet, it will not be evaluated. 6. Read instructions given inside carefully. 7. Rough Work is to be done at the end of this booklet. 8. If you write your Name, Seat Number, Phone Number or put any mark on any part of the OMR Sheet, except for the space allotted for the relevant entries, which may disclose your identity, or use abusive language or employ any other unfair means, you will render yourself liable to disqualification. 9. You have to return original OMR Sheet to the invigilator at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. You are, however, allowed to carry the Test Booklet and duplicate copy of OMR Sheet on conclusion of examination. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table, etc., is prohibited. 12. There is no negative marking for incorrect answers. A B D 1. 2. 3. (i) (ii) (iii) 4. (A), (B), (C) (D) (C) 5. 6. 7. 8. 9. 10. 11. 12. A B D Test Booklet Code & Serial No. Seat No. (In figures as in Admit Card) Seat No. .............................................................. (In words) OMR Sheet No. (To be filled by the Candidate)
2 APR - 50224/II—A
3 [P.T.O. APR - 50224/II—A 1. Which of the following is not a principle of WTO ? (A) Free Trade (B) Non-discrimination (C) Fair Competition (D) Discrimination 2. Disequilibrium in the balance of payment is caused by which economic factor ? (A) Secular disequilibrium (B) Religious disequilibrium (C) Uniform disequilibrium (D) Inconsistent disequilibrium 3. Identify a factor that doesn’t play an important role in attracting FDI. (A) Laws, Rules and Regulation (B) Administrative procedure (C) Cost of Resources (D) Language 1. WTO (A) (B) (C) (D) 2. (A) (B) (C) (D) 3. FDI (A) (B) (C) (D) Commerce Paper II II Time Allowed : 120 Minutes] [Maximum Marks : 200 Note : This paper contains Hundred (100) multiple choice questions. Each question carrying Two (2) marks. Attempt All questions. (100) (2)
4 APR - 50224/II—A 4. (A) (B) (C) (D) 5. (A) (B) (C) (D) 6. (A) (B) (C) (D) 4. Which of the following is not a characteristic of joint venture ? (A) Equity position held by each of the partner (B) Possible only with legally incorporated entities (C) Intent by partner to share in the management (D) One of the partners acquires complete stock of the other 5. Who proposed the theory of competitive advantage ? (A) David Ricardo (B) Bruce Kogur (C) Michael Gannon (D) Adam Smith 6. Which of the following is not the level of Regional economic integration ? (A) Customs union (B) Common market (C) Economic union (D) National union

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