AP SET Exam Paper - II, COMMERCE

An examination test booklet for the subject of Commerce, identified by code A-03-02.

Examination Guidelines

• Duration and Marks: The exam is 1 hour and 15 minutes long with a maximum of 100 marks.

• Format: It consists of 50 multiple-choice questions.

• Requirements: Candidates must use a Blue or Black ballpoint pen to mark their answers on an OMR sheet.

• Prohibitions: Electronic devices, including calculators and log tables, are strictly prohibited.

• Scoring: There is no deduction of marks for incorrect answers.

Subject Matter Coverage: The test booklet covers a broad range of commerce and business topics:

• Economics: Questions involve privatization, globalization, market structures, and utility theories.

• Finance and Accounting: Content includes funds flow statements, ratio analysis, inflation accounting, profit after tax, and share valuation procedures.

• Management and Marketing: Topics include strategic planning, motivation theories (Maslow, Herzberg), the AIDA advertising model, product life cycles, and job design.

• Information Technology: The booklet tests knowledge of Tally 9 and MS Excel commands.

• Banking and Institutions: Queries relate to the establishment and objectives of organizations such as EXIM Bank, NABARD, and the relationship between the World Bank and the International Finance Corporation (IFC).

Comprehension Section: The document concludes with a reading comprehension passage titled "Full Convertibility". This section examines the history of India's road map toward full rupee convertibility, the influence of past financial crises on policy, and the necessary structural and regulatory reforms—such as improved financial reporting and corporate governance—required to support a transition to full convertibility.