NTA UGC NET/JRF Exam, Dec. 2020/June 2021 (Commerce) Shift-I

Following are the steps in theprocedure of e-filling an Income tax return :
• Register
• Login
• Downloading utility andpreparing the return
• e-filling
• verification
Note : e-filling is the short form of electronic filling of Income taxes. E-filling is when you electronically file your income tax return online for a particular year.

Both statement I and statement II are correct
Key points :
• According to peter Drucker, "The aim of marketing is to make selling unnecessary."
• The aim of marketing is to know and understand the customer so well that the product or service fits him and sells itself-ideally, marketing should result in a customer who is ready to buy.

Return on Investment = 30%
Dividend Payout Ratio = 40%
Growth Rate = Return on Investment × (1 – D)
= 30 × (1 – 0.40)
= 30 × 0.60 = 18%

Key points :
• The mode of joint venturing international business that allows a company to conduct business in another country whose laws discourage foreign ownership is known as 'Licensing'.
• Under International Licensing, a firm in one country to use its intellectual property (patents, trade marks etc.) For a predetermined fee.

In the above question an economy grows at the rate of 5%, 12% and 7% in the last 3 years. Annual growth during the period =
Average Annual Growth Rate =Note : uses for the Geometric mean :
Anytime, when we are trying to calculate average rates of growth where growth is determined by multiplication not addition, we use the geometric mean.

An ITR-1 can be used by an individual having an income from one house property, pension, interest on fixed deposits in banks.
Note : ITR-1 For Individuals being a resident (other than not ordinarily resident) having total income upto 250 lakhs, having income from salaries, one house property, other sources (Interest etc) and agricultural income upto Rs. 5,000
Note : Not for an Individual who is either director in a company or has invested in unlisted equity shares.

The source of the Indian GAAP (IGAAP) includes:
• Indian Companies Act 2013
• Accounting standards
• ICAI's pronouncements
Note : Indian GAAP means generally accepted accounting principles applicable in India, as promulgated by the Indian Institute of Chartered accountants, companies Act 1956 or other body or person having a right under applicable laws to issue such accounting standards and other authoritative pronouncement.

The coefficients are revised by bxy = .024, byx = 4.0

Match List-I & List-II

Key points:

• Resistance to change is a natural human response. Resistance and change go together. The most-suitable coping mechanism if 'fear of overload' is the source of resistance to change is Role clarity and definition.
  

  Source of Resistance	Coping Mechanisms
  (i) perceived peripherality of change	participation in diagnosis
  (ii) perception of imposition	participation and involvement
  (iii) Indifference of the top management	Active support from the top
  (iv) Fear of large scale disturbance	phasing of change
  (v) Fear of inadequate resource	phasing of change
  (vi) fear of obsolescence	Support of resources
  (vii) fear of obsolescence	Development of skills
  (viii) Fear of loss of power	Role of redefinition and reorientation