NTA UGC NET/JRF Exam, Dec. 2019 Commerce (Evening-Shift)

Total Questions: 100

41. Which of the following is an incomplete experimental research design?

Correct Answer: (c) One group before-after design
Solution:

Experimental Research Design:- The experimental design is a way to carefully plan experiments in advance so that your results are both objective and valid.

-The term " Experimental Design " and " Design of experiments" are used interchangeably and mean the same thing.

- However, the medical and social sciences tend to use the term" Experimental Design " While engineering, industrial, and computer Sciences for our the term "Design of experiments".
Design of Experiments involves:
The systematic collation data.
A focus on the design itself, rather than the result
Planning changes to independent (input)variables and the effect on depend variables or response variables.
Ensuring results are valid, easily interpreted and definitive.
The following are the experimental research design:
- Before and after with control group design
-Factorial design
-Latin square design.

42. Which of the following types of authorities are found in most organizations?

(A) Division Authority
(B) Line Authority
(C) Staff Authority
(D) Functional Authority
Choose the correct option from those given below: 

Correct Answer: (d) (B), (C) and (D) only
Solution:

Authorities- Authorities is the right to perform or command.
-It allows its holder to act certain designated ways and to directly influence the actions of others through orders.
-Barnard defines authority as the character of communication by which an order is accepted by an individual as governing the action that an individual takes within the system.
Types of Authority:
(1) Line Authority (2) staff Authority (3) Functional Authority

43. Which of the following is NOT true about web marketers?

Correct Answer: (c) Askcustomers to give their personal data mandatorily
Solution:

Web Marketing- web marketing is processes of using the internet to market your business. It includes the use of social media, search engines, blogging, videos and email.
-Promoting a business takes effort,
- There are a verity of ways do to it.
-It takes your massage to the big wide web - Web markets usually try to attract prospects to their site through email, advertisements in newspapers.
-Use attractions like discounts, gifts and contests
-Give a lot of publicity to the discount Schemes.

44. Which among the following are NOT qualified to be appointed as auditor of a company?

(A) An individual who is a Chartered Accountant and holds a Certificate of Practice as per СА Act, 1949
(B) A limited liability partnership firm, which has all partners as Chartered Accountants (C) Officer or employee of a company who is qualified Chartered Accountant degree holder too
(D) Any Chartered Accountant whose appointment will result in the person being the auditor of more than 10 companies
Choose the most appropriate option:

Correct Answer: (b) (B), (C) and (D)
Solution:

Auditor- A Auditor is a person of financial records and ensure that companies comply with tax laws. They protect business from fraud, Point out discrepancies in according method and, on occasion, work on a consultancy basis, helping organizations to spot ways to boost operational efficiency.

Auditors work in various capacities within different industries. Auditor Qualifications- Only a qualified charted Accountant within the meaning of the charted Accounts Act, 1949 can be appointed as an auditor.

-If the charted Accountant is holding a certificate of practice and practicing in his individual capacity. he may be appointed as an auditor only as an individual. - If the charted Accountant is holding a certificate of practice and is a partner of a firm of chartered Accountants.

45. Given below are two statements. One is labelled as Assertion (A) and the other is labelled as Reason (R).

Assertion (A): Globalization refers to the free cross-border movement of goods, services, capital, information and people

Reason (R): Countries are consistently evolving innovative marketing barriers that are WTO compatible

In the light of the above statements, choose the correct answer from the options given below

Correct Answer: (b) Both (A) and (R) true but (R) is NOT the correct explanation of (A)
Solution:

Assertion (A) Explanation:- - Globalization is the interdependence and integration of the global economy to enhance the worldwide exchange of capital goods and services
-Tremendous economic growth and internationalization of business were not possible without globalization.
-The world economy has witnessed a frequent shift in organizational structure, trade patterns and culture.
Therefore, Assertion is the correct statement Reason (R) Explanation -
-The integration of national economies under the WTO framework has restrained countries from increasing tariffs and imposing explicit non-tariff trade barriers
- Such barriers include quality and technical specification, environmental issue, regulations related to human exploitation such as child labor
Therefore Reason (R) is the correct statement.

46. Match the following countries with the types of Double Taxation Avoidance Agreement signed by India with them:

Choose the correct option: 

Correct Answer: (b) (A)-(ii), (B)-(iv), (C)-(i), (D)-(iii)
Solution:

The following are the correct match:

47. Which of the following is NOT a factor contributing to MBO program failure?

Correct Answer: (a) Altering goals to meet changes in circumstances
Solution:

Reason why MBO Fail: In spit of many advantage MBO may not be considered as a panacea, for all the evils of the organization. The Success of the program fails it is largely due to the following reasons-
* lack of top Management involvement and support
*Lack of understanding
*Difficultly in setting realistic and meaningful objectives
*Increased time pressure.
*Lack of relevant skills
*Lack of individual motivation
*Poor integration with other systems.

48. Which of the following statements are correct?

Correct Answer: (a) (A) and (B)
Solution:

Correct statement-
Dividend payout ratio refers to that portion of total earnings which is distributed among equity shareholders of the company - True
*'Bird in hand' argument is given by Gordon's model -True
* MM model suggest that dividend payout is irrelevant in calculating the valuation of the firm.
* Walter's Model suggests that dividend payout affect and relevant the market price of the share holder.

49. Match the following theories of profit with their propounders


Choose the correct option from those given below:

Correct Answer: (c) (A)-(iv), (B)-(iii), (C)-(i), (D)-(ii)
Solution:

The following are the explanation for the correct match -

50. Choose incorrect statement from the following.

Correct Answer: (d) 273 Days T-bills were introduced in 2006
Solution:

• 14 days T- Bills were introduced in April 1997
• 28 days T-bills were introduced 1998.
• 182 days T-bills were introduced in Nov. 1986 on auction basis.
•The 182 days T-bills were replaced by the introduction of 364 day T-bills on a fortnightly auction basis since April 1992.
• Subsequently, 91 days T-bills were introduced on an auction basis in January 1993.
• Currently, 91 days, 182 days and 364 days T-bills are sold on an auction basis.