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

Total Questions: 100

71. Match List I with List II:

List-I (Organisational Design)List –II (Features)
(A)Learning organization(I)Flexibility in the structure of Lack of structure
(B)Spaghetti organization(II)Linking of separate parts of the same organisation of networking of separate organisations to accomplish a common goal
(D)Fishnet organization(III)The ability to cotinually change structure and internal process to conform to feedback with the environment
(D)Network structure(IV)Flexible, adaptable rearranges itself quickly while retaining its inherent strength

Choose the correct answer form the option given below:

Correct Answer: (a) (A)- (III), (B) – (II), (C) – (IV), (D) – (I)
Solution:
List-IList- II
(A)Learning Organisation-The ability to continually change structure and internal processes to conform to feedback with the environment
(B)Spaghetti Organisation-Linking of separate parts of the same organisation or networking of separate organisations to accomplish a common goal.
(C)Fishnet organisation-Flexible, adaptable rearranges itself quickly while retaining its inherent strength.
(D)Network structure-Flexibility in the structure or lack of structure.

72. Match List I with List II:

List-IList –II
(A)Hedgers(I)Osaka
(B)Financial derivatives in India(II)Increased volatility
(C)Arbitrageurs(III)Commercial products
(D)Commodity furture in origin(IV)Riskless profit

Choose the correct answer form the option given below:

Correct Answer: (b) (A)- (III), (B) – (II), (C) – (IV), (D) – (I)
Solution:
List-IList- II
(A)Hedgers-Commercial producers.
(B)financial derivatives in India-Increased volatility
(C)Arbitrageurs-Riskless profit
(D)Commodity future in origin-Osaka

73. Match List I with List II:

List-I (Advertising Agency in 2020)List –II (Brand)
(A)O&M (Ogilvy and Mather)(I)Mastercard
(B)Mc Cann Erickson(II)Nestle
(C)Trikaya Grey(III)Cadbury
(D)JWT Hindustan Thompson Associates(IV)Proctor and Gamble

Choose the correct answer form the option given below:

Correct Answer: (b) (A)- (III), (B) – (I), (C) – (IV), (D) – (II)
Solution:
List-IList-II
(A)O & M (Ogilvy and Mather)-Cadbury
(B)MC Cann Erickson-Mastercard
(C)Trikaya Grey-Procter & Gamble
(D)JWT Hindustan Thompson Associates-Nestle

74. Match List I with List II:

List - IList - II
(A)Actual Delivery(I)Delivery of means of obtaining possession of goods by the sellear to buyer
(B)Constructive Delivery(II)Physical handing over of the possession of the goods by the seller to the buyer
(C)Symbolic Delivery(III)Voluntary transfer of possession of goods from seller to buyer
(D)Delivery(IV)Acknowledgement by a third person in possession of goods to hold them on behalf of and at the disposal of the buyers

Choose the correct answer form the option given below:

Correct Answer: (b) (A)- (II), (B) – (IV), (C) – (I), (D) – (III)
Solution:
List-IList-II
(A)Actual Delivery-Physical handing over of the possession of the goods by the seller to the buyer.
(B)Constructive delivery-Acknowledgement by a third person in possession of goods to hold them on behalf of and at the disposal of the buyers.
(C)Symbolic Delivery-Delivery of means of obtaining possession of goods by the seller to the buyer.
(D)Delivery-Voluntary transfer of possession of goods from seller to buyer.

75. Match List I with List II:

List-IList –II
(A)Section 80 EE(I)Deduction i respect of rent paid
(B)Section 80 GG(II)Deduction in respect of certian donations for scientific researches
(C)Section 80 GGA(III)Deduction in respect of intrest on loan taken for residential house
(D)Section 80 E(IV)Deduction in respect of payment of Interest on loan taken for Higher Education

Choose the correct answer form the option given below:

Correct Answer: (b) (A)- (III), (B) – (I), (C) – (II), (D) – (IV)
Solution:
List-IList-II
(A)Section 80 EE-Deduction in respect of interest on loan taken for residential house
(B)Section 80 GG-Deduction in respect of rent paid.
(C)Section 80 GGA-Deduction in respect of certain donation for scientific researches.
(D)Section 80 EDeduction in respect of payment of Interest on
loan taken for higher education

76. Arrange the following countries in the ascending order of their contribution to the WTO budget 2020:

(A) China
(B) Japan
(C) Germany
(D) United states of America
(E) United kingdom
Choose the correct answer form the option given below:

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

 Following are the countries in the ascending order of their contribution to the WTO budget 2020:-
• United kingdom (3.785%)
• Japan (3.955%)
• Germany (7.149%)
• China (10.3%)
• United States of America (11.691%)

Note:- The WTO derives most of the income for its annual budget from contributions by its members. These are established according to a formula based on their share of international trade.

77. The assets of the Partnership firm, including any sums contributed by the partners to make-up deficiencies of capital at the time of dissolution, shall be applied in the following manner and order.

(A) In paying each partner rateably what is due to him for advances as distinguished from capital.
(B) In paying to each partner rateably what is due to him on account of capital.
(C) In paying the debts of the firm to third parties.
(D) Dividing among the partners in the proportion in which they were entitled to share profits.
Choose the correct answer form the options given below:

Correct Answer: (a) (C),(A),(B),(D)
Solution:

The assets of the partnership firm including any sums contributed by the partners to make up deficiencies of capital at the time of dissolution. Shall be applied in the following manner and order.

• In paying the debts of the firm to third parties.
• (first secured creditors then unsecured creditors)
• In paying each partner rateably what is due to him for advances as distinguished from capital.
• In paying to each partner rateably what is due to him on account of capital.
• dividing among the partners in the proportion in which they were entitled to share profit.
(Residue to be divided among partners in PSR.

78. Arrange the following market structures in the increasing order of the price elasticity of products:

(A) Perfect competition
(B) Monopoly
(C) Monopolistic competition
(D) Oligopoly
(E) Duopoly
Choose the correct answer form the options given below:

Correct Answer: (b) (B),(E),(D),(C),(A)
Solution:

Following are the market structures in the increasing order of the price elasticity of products:-
• Monopoly (Total control over price)
• Duopoly (Significant)
• Oligopoly (Some control)
• Monopolistic competition (Some control)
• Perfect competition (None)

79. The cash flow approach to assessing debt capacity involves the following steps; arrange these steps in correct sequence:

(A) Specify the tolerance limit on the probability of default.
(B) Estimate the probability distribution of cash flows, taking into account the projected performance of the firm.
(C) Calculate the fixed charges by way of interest payment and principal repayment associated with various level of debt.
(D) Estimate the debt capacity of the firm as the highest level of debt which is acceptable.
Choose the correct answer form the option given below:

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

The cash flow approach to assessing debt capacity involves the following steps:-
• Specify the tolerance limit on the probability of default.
• Estimate the probability distribution of cash flows, taking into account the projected performance of the firm.
• Calculate the fixed charges by way of interest payment and principal repayment associated with various levels of debts.
• Estimate the debt capacity of the firm as the highest level of debt which is acceptable.

80. Arrange the following order of formulating research proposal in a logical sequential order.

(A) Defining Research problem
(B) Formulation of Hypothesis
(C) Review of literature
(D) Collection of data
(E) Research design
Choose the correct answer from the option given below:

Correct Answer: (d) (A),(C),(E),(B),(D)
Solution:

Following are the steps of formulating research proposal in a logical sequential order:-
• Defining Research problem
• Review of literature
• Formulation of Hypothesis
• Research Design
• Collection of data