UGC NET Theories of the firm Previous Year Questions
JRFSmart holds 10 previous-year questions on Theories of the firm from UGC NET Commerce (Paper 2), filed under Unit 3: Business Economics, drawn from 9 of the 22 exam papers in the bank (2019–2023). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Theories of the firm
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Baumol's sales revenue maximisation | 2 |
| Alternative objectives of the firm | 1 |
| Managerial theories of the firm | 1 |
| Managerial theories - Marris | 1 |
| Satisficing behaviour | 1 |
| First order condition for profit maximisation | 1 |
| Shutdown point in the short run | 1 |
| Shutdown of a business | 1 |
| Marris growth-maximisation hypothesis | 1 |
NTA repeat analysis
Theories of the firm appears in 9 of 22 papers (41%), which JRFSmart rates as high frequency.
1 question in this topic has been verified as repeated in more than one paper.
Sample previous-year questions
Match List I with List II: List I (Objectives of business firms) List II (Suggested by) A. Sales Revenue maximization I. K.W. Rothschild B. Maximization of Firm's growth rate II. Cyert and March C. Long-term survival III. W.J. Baumol D. Satisfying behavior…
'Sales Revenue Maximization' as an alternate objective of business firms was postulated by whom of the following?
Who among the following Economists suggested the Sales Revenue Maximization as an alternative objective of a business firm?
A prudent financial policy suggested by Marris Hypothesis to maximize balanced growth of the firm is based on which of following financial ratios? (a) Return on investment ratio. (b) Debt equity ratio. (c) Return on capital employed ratio. (d) Liquidity…
'Constraint Optimisation' is closer to which of the following objectives of business firm?
Which of the following is the first order condition to profit maximisation?
Which of the following are sufficient to determine shutdown point of multi commodity firm in the short run? I. Variable cost of operations II. Marginal revenue received III. Average variable cost of operations IV. Average marginal revenue received Choose the…
The shutdown refers to complete cessation or closing down of the business. It involves which of the following? I. No buying or selling II. No manufacturing III. Shifting of business from one place to another place IV. Assets to be sold or disposed off V…
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