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

Total Questions: 100

41. Which one of the following statements are the advantages of the Decision Support System (DSS)?

Correct Answer: (b) Generates new evidence in support of a decision
Solution:

"Generalis new evidence in support of a Decision." is the advantage of (DSS) Decision Support System.
Key point :
(DSS) decision support system is a computerized program used to support determinations, judgments, and courses of action in an organization or a business Advantages :
■ Improves efficiency & speed- of decision making.
■ Increases the control, competitiveness and capability of futuristic decision-making ■ Encourage learning or training
■ Facilitates interpersonal, communication.
■ Help automates, managerial processes

42. The resource seeking FDI moves to a country where:

Correct Answer: (c) Raw materials and manpower are in abundance
Solution:

Raw materials and manpower are in abundance.
■ Resource seeking FDI moves to a country where Raw materials and manpower are in abundance.
■ Resource seeking FDI-To seek and secure natural resources e.g. minerals, raw materials, or lower labour costs for the investing company.

43. Match List-I with List-II

List-IList-II
Ego Defence MechanismDescription
A. ProjectionI. Returning to a previous stage of development
B. RegressionII. Acting out unacceptable impulses in a socially acceptable way
C. RepressionIII. Placing unacceptable impulses in yourself onto someone else
D. SublimationIV. Pulling into the unconscious

Choose the correct answer from the options given below

ABCD
(a)IIIIIIIV
(b)IIIIIVII
(c)IIIIVIII
(d)IIIIVIII
Correct Answer: (b)
Solution:

Match the list-I & List-II

List-IList-II
Ego Defence MechanismDiscription
A. ProjectionPlacing unaccetable impulse in yourself into someone else
B. Regressionreturning to a previous stage of development
C. RepressionPulling into the unconscious
D. SublimationActing out unacceptable impulses in a socially acceptable way

44. Which of the following are objectives of the Competition Act, 2002?

A. To prevent practices having an adverse effect on competition
B. To impede and torment competition in the market
C. To protect the interests of sellers
D. To ensure freedom of trade carried on by other participants in markets
Choose the correct answer from the options given below:

Correct Answer: (a) A and D only
Solution:Objectives of competition Act 2002 are :
■ To prevent practices having adverse effect on competition.
■ To promote and sustain competition in markets
■ To protect the interests of consumers
■ To ensure freedom of trade carried on by other participants in markets in India and for matters connected therewith or incidental thereto.

45. Which of the following is INCORRECT about ways, the RBI can affect the structure of interest rates?

A. By changing the treasury bill rate
B. Blending of leading and trading activities
C. By changing the Bank rate
D. Fixing the maximum interest on time deposits with the bank E. Ineffective tapping and mobilization of savings
Choose the correct answer from the options given below:

Correct Answer: (c) B and E only
Solution:

The following is incorrect abouot ways, the RBI can effect the structure of interest rates :
■ Blending of leading and trading activities
■ infective tapping and mobilization of savings.
Above, both points are not the function of RBI which can affect the structure of interest rates.

46. In which of the following cases, the Doctrine of Supervening impossibility will apply?

Correct Answer: (c) Impossibility known to the parties at the time of making of the contract
Solution:

Impossibility known to the parties at the time of making of the contract.
Key points :
■ A contract, which of the time was entered into was capable of being performed may subsequently become impossible to perform or unlawful. In such cases the contract becomes void. Exceptions to Doctrine of supervising impossibility
■ Difficulty of performance
■ Commercial impossibility
■ Impossibility due to failure of a third party
■ Strikes, lock-outs, and civil disturbances.
■ Failure of one of the objects

47. Match List-I with List-II

List-IList-II
A. Role of Commercial BankI. Help to consumers
B. NBFC serviceII. Mutual saving bank
C. Non-depository InstitutionIII. Hire purchase
D. Depository InstitutionIV. Mutual fund

Choose the correct answer from the options given below

ABCD
(a)IIIIIVII
(b)IIIIIIIV
(c)IIIIVIII
(d)IVIIIIII
Correct Answer: (a)
Solution:

Match the list-I & list-II

List-IList-II
A. Role of commercial bankHelp to consumers
B. NBFC serviceHire purchase
C. Non-depository InstitutionsMutual fund
D. Depository InstitutionsMutual Saving bank

Key points :
■ Functions of NBFC are Retail financing, Trade finance, Infrastructural funding, Leasing Services venture capital service etc.
■ Non-depository Institution don't take deposits. They are mutual funds, insurance companies, provident funds, finance companies.

48. Which one of the following State Taxes have NOT been replaced by GST?

Correct Answer: (c) Special additional duty of customs
Solution:

Special additional duty of customer
 Key point : The central Taxes Replaced by GST :
■ Central excise duty
■ Central sales tax
■ Service Tax
■ Additional duties of customs
■ Additional duties of excise
■ Excise duty levied under the textiles and textile products.
State-Level Taxes Replaced by GST
■ Purchase Tax
■ Central Solar Tax
■ VAT
■ Surcharge and CESS
■ Entry tax
■ Taxes on lottery, gambling and betting
■ Taxes on advertisements

49. Which of the following statements are CORRECT?

A. The critical value of Z for two tailed test with α = 0.5 is 1.96
B. The critical value of Z for a two tailed test with α = 0.01 is 2.575
C. The critical value of Z for one tailed test with α = 0.05 is 1.96
D. The critical value of Z for a left-tailed test with α = 0.01 is -2.33
Choose the correct answer from the options given below:

Correct Answer: (c) A, B and D only
Solution:

following statements are correct :
 ■ The critical value of z for two tailed test with d = 0.5 is 1.96
■ The critical value of z for a two tailed test with d = 0.01 is 2.33
Note : Critical value is that value of statistic which separate the critical region from the acceptance region. In other words, it divides the graph into two sections : Rejection region and acceptance region.

50. Section 80GGC of Income tax is:

Correct Answer: (c) Deduction in respect of contribution given by any person to political parties
Solution:

Deduction in respect of contribution given by any person to political parties. Note : The section BOGGC of the Income Tax Act allows the deductions from the total income of an individual tax paper for his/her contributions made towards electoral trust or political part.
■ The complete contribution amount made in section BOCCG is eligible for a deduction amount allowed should not be more than the total income that is taxable.