NTA UGC NET/JRF Exam, June 2020 Commerce (Evening-Shift)

Total Questions: 100

1. Meaning of unpaid seller is

Correct Answer: (c) The person who has sold the goods and has not yet received the price
Solution:

The sale of goods act, 1930 defines an unpaid| seller as a seller that has not been paid the full price of the goods that have been sold or that has received a bill of exchange or other negotiable instrument, as conditional payment and the condition on which it was received has not been fulfilled.

2. Swachh Bharat Abhiyan is an example of

Correct Answer: (b) Social Marketing
Solution:

Swachh Bharat Abhiyan or Clean India Mission is a country wide intitiative taken by the; Government of India in 2014 to eliminate open; defecation and improve solid waste mangaget.

The main; aim of this project is to create sanitation facilities for all and provide every rural family with a toilet by 2019,

3. Which type of studies would be most appropriate to use in order to measure changed opinions of consumers repeatedly?

Correct Answer: (c) Longitudinal studies
Solution:

Longitudinal Studies:
A longitudinal studies is a research design that involves repeated observation of the same variables i.e. people over a short or long period of time.

It is a type of observational study, although they can| be structured as longitudinal randomized experiments.

The huge disadvantage of any longitudinal study is the time, as it typically takes a subtantial time to collect. The data that is required.

4. Which type of retailers involve in comparatively low prices as a major selling point combined with the reduced costs of doing business?

Correct Answer: (b) Discount retailers
Solution:

Discount retailers:
Discount stores are a category of retail store where| retailers sell merchandies at a discount price.

Discount store retailers buy merchandies that doesn't| have an expiry limit like clothes, shoes etc in large quantities from manufacturers to get a massive discount.

As the discount stores directly buy from the manufacturers, they skip the middle men's expense so the cost of doing business is reduced too.

5. Tele- Marketing is a part of

Correct Answer: (c) Direct marketing
Solution:

Direct Marketing:
Direct marketing gives the opportunity of promoting goods or services directly to the customers who need them the most.

Direct marketing helps in building relationship with new customers.
All promotional information is relayed without intermediaries and any third parties.
Emails, newspapers, outdoor marketing

Tele-marketing, websites, etc are various type of direct marketing strategies.

6. After concept testing, a firm would engage in which of the following stage in developing and marketing a new product?

Correct Answer: (b) Marketing strategy development
Solution:

Product Development Process:-
(1) Idea generating
(2) Idea screening
(3) Concept development and testing
(4) Development of marketing strtegy
(5) Business Analysis
(6) Product development
(7) Test marketing
(8) Commercialization
(9) Research
(10) Computer aided design
(11) Computer-aided manufacturing and protype evaluation
(12) Manufacturing and assembly

7. A marketer needs to be aware of the criteria by which the effectiveness of their segmentation procedures can be assessed. Which of the following is NOT a criterion for evaluating the resulting market segments?

Correct Answer: (a) Perishability
Solution:

These four are important criteria for effectively evaluating the resulting market segment. Therefore, perishability is NOT a criterion for evaluating the resulting market segment.

Perishability- It is used in marketing to describe the way in which a service cannot be stored for sale in the future.

8. "Skimming" in e-banking refers to

Correct Answer: (a) Identifying fraudsters copying vital information from credit cards
Solution:

"Skimming" in e-banking refers to identifying fradusters copying vital information from credit cards. Skimming is an illegal practice used by identity thieves to capture credit card information from a cardholder surreptitiously.

Fraudsters- often use a device called a skimmer that can be installed at gas pumps or ATM machines to collect card data.

Some machines act like point-of-sale technology. An acquired card is swiped, and a touchpad allows the user to enter a security code.

Card users are warned to keep their card in their sign at all times and to cover the pin pad when inputting security codes at ATMs.

9. Belated return u/s 139(4) can be filled at any time

Correct Answer: (c) Before the expiry of relevant assessment year or before the assessment is compete, whichever is earlier
Solution:

If an individual fails to file an ITR before the due date, then as per section 139 (4) of the incom tax act, he can file a belated return:

Deadline to file belated return:
A belated return can be filed anytime before the expiry of the relevant assessment year or before the assessment is complete, whichever is earlier.

The relevant assessment year for the financial year is| the immediately succeeding financial year.

It means that an individual can file a belated return for FY 2020-21 by March, 31, 2022.

10. Tax audit is compulsory in case of a person is caring on business whose gross turnover exceeds

Correct Answer: (b) Rs. 1 Crore
Solution:

As per section 44AB of the income tax act 1961:
Every person carrying on a business is entitled to get his accounts audited, if his turnover, total sales, or gross receipts in business exceeds Rs. 1 crore in the previous year.

Every person carrying on a profession is entitled to get his accounts audited if his gross receipts in profession exceed Rs. 50 Lakh in the previous year.

With effect 1st April 2020 that is from the assessment year 2020-21, the above provision is as follows: The threshold limit has been revised to increase it for a person carrying on business from Rs. 1 crore to 5 crore.