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

Total Questions: 100

71. Which two of the following statements are true?

(A) Skewness studies the flatness or peakedness of the distribution
(B) A positively skewed distribution curve is stretched more to the right than to the left
(C) On the basis of empirical relationship between mean, mode and median for moderately asymmetrical distribution, Karl Pearson's coefficient of skewness can be measured by 3 (Mean-Median) divided by Standard Deviation
(D) If mean < mode, the distribution is positively skewed
Choose the correct option from those below: 

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

Below are the features of Karl Pearson's coefficient of Skewness:
• Skewness studies or measures the lack of symmetry in the distribution.
• If there is a long tail towards the distribution towards the higher values or right - hand side i.e. larger spread on the higher side of mode, the skewness is positive or right - handed. In this case, Mean > Medium > Mode. Such data is termed 'elongated
bell- shaped data
• In Practice, the value of this coefficient usually lies between ± 3. if the mode is ill-defined, then using the approximate relationship : Mode = 3 Median- 2 Mean.
This formula reduces to skewness = 3 (Mean Median/standard) deviation.

• If the mean is greater than the mode (mean the coefficient of skewness would be positive otherwise negative.

72. The following are the two statements regarding elasticity of demand and its measurement

Statement I: On every point on the straight line demand curve, the point elasticities are all equal
Statement II: On every point on the straight line demand curve, the point elasticities are all equal
Select the correct option for those below: 

Correct Answer: (b) Both the statements are not correct
Solution:

Statement - I: Explanation
Elasticity And Demand Slope : The slope of a straightline demand curve, one with a constant slope, has constantly changing elasticity.

No two points on a straight -line demand curve have the same elasticity.
Statement- II Explanation :- Rectangular hyperbola is a curve under which all rectangular areas are equal. When the elasticity of demand is equal to unity (ed = 1) at all points of the demand curve, then the demand curve is a rectangular hyperbola.

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

Assertion (A): Indian Accounting Standards contain some 'carve outs' and for convergence with IFRS with some changes applied in India

Reason (R): Financial statements prepared in India with Indian Accounting Standards will not be IFRS compliant

In the light of the above two statements, choose the correct option 

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

Assertion (A): Indian Accounting Standards contain some 'curve outs' and for convergence with IFRS with some change applied in India.
Therefore, Asserting (A) is the correct statement. Reason (R): Financial statement prepared in India with Indian Accounting Standards will not be IFRS complaint. Therefore, Reason is the correct statement but (R) is NOT the correct explanation of (A).

74. National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

Correct Answer: (c) Reserve Bank of India
Solution:

National Housing Bank (NHB):
It was set up in July 1988 under the National Housing Bank Act, 1987 as the apex bank in the field of housing finance.
It is a wholly-owned subsidiary of the Reserve Bank of India.
It is the principle agency to promote housing finance institutions at the regional and local levels and to provide financial and other support to such institutions.

75. Match List-I with List-II

Choose the correct option from those given below:

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

76. Match the following methods of capital budgeting with the corresponding formulas:

Choose the correct option from those given below

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

Match the following methods of capital with their formula :

77. Which among the following is NOT a correct statement?

Correct Answer: (c) The Reserve Bank of India worked as Central Bank of Bangladesh from January 1972 to December 1975
Solution:

Burma (Myanmar) seceded from the Indian Union in 1937 but the RBI continued to out as the Central Bank for Burma till the Japanese occupation of Burma till the Japanese. Occupation of Burma and later up to April 1947. After the participation of India.

• The Reserve Bank Served as the Central Bank of Pakistan UP to June 1948 when the state Bank of Pakistan commenced operations. The Bank, which was originally setup as a share holder's bank, was nationalized in 1949.

• The RBI Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.

• Bangladesh Bank is the Central Bank of Bangladesh and is a member of the Asian clearing union.

78. Which of the following statements is false?

Correct Answer: (b) The regression coefficients are independent of the change of origin and of scale
Solution:Some of the properties of regression coefficient.

If two variables are there say 'X' and 'Y', two value of the regression coefficient are obtained. One will be obtained when X is independent and Y is dependent and other when consider Y as independent and X as a dependent.

Both of regression coefficients must have the same sign. If byx is positive, bxy will also be positive and it is true for vice versa.

The regression coefficients are independent of the change of the origin. But, they are not independent of the change of scale.

The coefficient of determination is the square of the correlation (r) between predicted 'y' scores and actual y scores; Thus, it ranges from 0 to 1.

79. The informal group's communication system is called

Correct Answer: (b) Grapevine
Solution:

In the business context, informal communication is called a "grapevine" as it difficult to define the beginning and end of the communication. There are four types of informal communication (Grapevine) networks that show now.
Communication is facilitated These are:
1. Single strand chain
2. Gossip chain
3. Probability chain
4. Cluster chain

80. In which of the following years, the Bretton Woods Agreement was signed by the delegates from 44 nations which led to the establishment of the IMF?

Correct Answer: (c) 1944
Solution:

Approximately 730 delegates representing 44 countries met in Bretton woods in July 1944 with the principle goals of certing an efficient foreign exchange system, preventing competitive devaluations of currencies and promoting international economic growth.

The Bretton woods agreement and system were Central to these goals. The Bretton woods Agreement also created two important organization.
• The International Monetary Fund (IMF).
• The World Bank.