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

Total Questions: 100

51. Which two of the following are correct about the due date of issue of the TDS certificate?

(A) Form No 16-Annual
(B) Form No 16A-Quarterly
(C) Form 16 B-Half Yearly
(D) Form No 16 C-Monthly
Choose the correct option from those below: 

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

TDS certificate : Form 16, Form 16 А, Form 16 B and Form 16 C are all TDS certificate. Form 16 is issued by the employer to the employee.

52. The sum total of the values of two variables 'X' and 'Y' is equal for all the observations. The value of the coefficient of correlation between 'X' and 'Y' is:

Correct Answer: (b) -1 (perfectly negative)
Solution:

According to the direction of change in variables. There are two types of correlation (1) Positive correlation (2) Negative correlation.
Now, since the sum total of the vales of two variables 'X' and 'Y' equal for all the observations. i.e. X+Y = 'Z' (equal), for 'Z' to remain same (equal) for all observations, if 'X' increase 'y' Should decrease and vice-versa.
Thus, option '2' is the correct answer.

53. On which of the following assumptions, the theory of consumer behaviour or cardinal utility approach is NOT based?

Correct Answer: (d) Diminishing marginal utility of money
Solution:

Cardinal utility approach assumptions:
• Consumer are Rational.
• Limited money income of the consumer.
• Maximization of total satisfaction.
• Utility is measurable.
• Constant marginal utility of money.
• Utility is additive.

54. For calculating posterior probabilities (conditional probabilities under statistical dependence), the following information is available

(A) Conditional probabilities
(B) original probability estimates (priorprobabilities) of mutually exclusive and collectively exhaustive events
(C) Arbitrary event with probability # 0 and for which conditional probabilities are also known
(D) Joint probabilities of prior probability and conditional probability
Given the information that the arbitrary event has occurred, arrange the above information in a sequence of their requirement as per Baye's Theorem

Correct Answer: (d) (B) → (A) → (D) → (C)
Solution:

We require the following information is order to derive posterior probability:
(1) Original probability estimates (prior probabilities) of mutually exclusive and collectively exhaustive events.
(2) Conditional probabilities.
(3) Joint probabilities of prior probability and conditional probability.
(4) Arbitrary event with probability # 0 and for which conditional probabilities are also know.

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

Assertion (A): If the firm is prepared to incur increased cost on transportation, it may be in a position to reduce its inventory cost.
Reason (R): As in such a case, the firm can use the fastest mode of transport and rush the goods/stocks to the desired warehouse, unmindful of the cost of transportation
In the context of the above two statements related to logistics management, which of the following options is correct

Correct Answer: (a) Both (A) and (R) true and (R) is the correct explanation of (A)
Solution:

Assertion - If the firm is prepared to increased cost on transportation, it may be in a position to reduce its inventory cost are true statement.

Therefore, Reason (R) is correct, and (R) is the correct explanation of (A).
Reason:- As in Such a case, the firm can use of fastest mode of transport and rush the goods /stock to the desired warehouse unmindful of the cost of transportation. These are true statement.

56. Michael Porter proposed generic strategies that provide good starting points for strategic thinking. Identify them from the below mentioned strategies.

(A) Overall cost leadership
(B) Innovation
(C) Focus
(D) Differentiation
Choose the correct answer from the options given below:

Correct Answer: (b) (A), (C) and (D) only
Solution:

Micheal Porter's Generic Strategies -
• Porter's generic strategies describe how a company pursues a competitive advantage across its chosen market scope.
• The generic strategies are either lower cost differentiation, or focus.
• A company chooses to pursue one of two types of competitive advantage, either via lower costs than its competition or by differentiating itself along dimensions valued by customers to command a higher Price.
• A company also chooses one of two types of scope, either focus (Offering its products to selected segments of the market) or industry-wide, offering its product across may market segments.

57. Which two of the following are the function of WTO

(A) To facilitate the implementation, administration and operation of trade agreement (B) To carry out periodic reviews of the trade policies of its member countries
(C) To assist it the establishment of a multilateral system of payments
(D) To promote international monetary cooperation
Choose the correct option from the following: 

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

Functions of WTO :-
• The main function of WTO was to liberalize and expand trade in goods so as to bring about all around economic prosperity.
• Raising standard of living.
• Ensuring full employment. Fully utilization of rescue of the world. •To increase trade of service.
• To facilitate to implementation administration and operation of trade policies of its member countries.
• To carry out periodic reviews of the trade policies of its member countries.

58. Which among the following is a correct statement about residential status of a company?

Correct Answer: (b) A company can never be classified as "not ordinarily resident"
Solution:

Companies can be classified into two residential status categories only. A company can either be a resident or non-resident.
(A) Resident - A company is said to be resident in Indian in any previous year if (i) it is a Indian company or (ii) during the year, the control and management of its affairs are situated wholly in India.

(B) Non- Resident - (i) If company does not satisfy any of the aforesaid conditions of residence, it is said to be a 'non- resident' company.

(ii) In Other words, if the company is not registered in India and its control and management is situated wholly or partially outside India. It is regarded as a non-resident.

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

Assertion (A): Tax should not be charged on dividend income from the shareholders

Reason (R): Some economists are of the opinion that when tax has already been paid on the profit of the company and balance is distributed as dividend to the owners, tax need not be levied on them

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

Correct Answer: (a) Both (A) and (R) true and (R) is the correct explanation of (A)
Solution:

Assertion - Tax should not be charged on dividend income from the shareholders these statement are true.
Therefore the assertion (A) is correct.
Reason (R) - Some economists are of the opinion what when tax has already been paid on the profit of the company and balance is distributed as dividend to the owner's tax need not be levied on them.
Therefore the Reason (R) is correct and (R) is the correct explanation of (A).

60. Match List-I with List-II

Choose the correct option from those given below 

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

Correct match of List-I to List-II.