NTA UGC NET/JRF Exam, Dec. 2021/June 2022 (Commerce) Shift-I

Total Questions: 100

11. Which of the following are the parameters in the financial Inclusion Index in India?

(A) Affordability
(B) Availability and usage
(C) Ease of access
(D) Transparency and disclosure
(E) Quality of financial inclusion
Choose the correct answer from the options given below:

Correct Answer: (d) B, C and E only
Solution:

The FI-Index constructed by the Reserve Bank is based in the dimensions of financial inclusion, viz ‘Access, usage and Quality with weights as 35, 45 and 20 percent respectively.
• The annual FI-index for period ending March 2022 is 56.4 vis-a-vis 53.9 in March 2021.
• The FI-index will be published annually in July every year.

12. Which one from among the following is not a genetic strategy as per the generic strategies identified by Porter?

Correct Answer: (a) Market Penetration
Solution:

Market penetration can relates number of customer's use Goods or services of a particular company instead of other competitors company.

According to the Porter's Generic strategies model, these are three basic strategic options available to organizations for joining competitive advantage. These are :- Cost Leadership, differentiation and Focus. Hence, Market penetration is not a genetic strategy as per the generic strategies identified by Porter.

13. Which one of the following distributions describes the ownership of income and property in a capitalist economy?

Correct Answer: (d) Pareto distribution
Solution:

Pareto distribution describes the ownership of income & property in capitalist economy. Pareto distribution is a skewed, heavy tailed distribution that is sometimes used to model that distribution of incomes. The basis of the distribution is that a high proportion of a population has low income while only a few people have very high income.

14. Which section of the Indian Companies Act, 2013 among the following provides for the appointment of first auditors by the Board of Directors within one month of the date of registration of the company?

Correct Answer:  (b) 139 (6)
Solution:

Section 139(6) of the Companies Act describes the appointment of first Auditors by the Board of Directors within one month of the date of registration of the company.
• Section 139(2) of the Companies Act describes that an individual auditor cannot act as auditor more than 5 consecutive years.
• Section 142(1) of the Companies Act, 2013, The remuneration of the auditor of a company shall be fixed in its general meeting.
• Section 142(2) of the Companies Act, 2013, payment of fee & expenses included in remuneration of auditors.

15. Currency depreciation in the Indian Rupee in recent times has largely been attributed to :

(A) Declining domestic savings
(B) Increasing FDI flows
(C) Portfolio outflows
(D) Higher currency circulation
(E) Higher imports and debt servicing
Choose the correct answer from the options given below:

Correct Answer: (d) C and E only
Solution:

Major Causes of Rupee Depreciation in recent times due to:-
• Portfolio outflows.
• Higher imports & debt servicing.
• Indians sell rupees to buy dollars.
• India consumes more crude oil than it produces.

16. Which is the single most important driver of innovation (Gerard. J. Tellis 2013) in a business firm?

Correct Answer: (d) Culture
Solution:

Culture of a firm is the most important driver of innovation in a business firm. Gerard. J. Tellis expert on innovation, advertising, & Global Market's his new book is titled, "How transformative innovation shaped the Rise of Nations"

17. Concentration of all marketing efforts on a small but specific and well defined segment of the population is called :

Correct Answer: (a) Niche marketing
Solution:

Niche Marketing is a special area of demand for a product or service it's concentrates on Niche areas of any segment with selective product & service.

  • Franchising is the agreement between two parties where the first party is franchiser & second party is franchisee.
  • Ambush Marketing is the process of hijacking the advertising campaign of some other marketer's to compete & get more exposure to your product or service.
  • Viral Marketing is a Marketing in which products are promoted through internet on e-mail, from person to person by word of mouth etc.

18. Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?

Correct Answer: (c) Right to be consulted
Solution:

Following Right's are available for partner's on dissolution of a firm:-

  • Right to an equitable lien
  • Right to return of premium
  • Right against fraud
  • Right to restrain the use of firm name or property
  • Right to earn personal profit's by using the name of the firm.

19. Match List I with List II

List-I MBTI Framework- Jungian AspectsList-II Characteristics
A. Sensing(i) Relies more on personal values than on impersonal analysis and logic
B. Thinking(ii) Would work with known facts than look for possibilities and relationships
C. Feeling(iii) Likes a flexible, spontaneous way rather than a planned and orderly way of life
D. Perceiving(iv) Relies more on interpersonal analysis and logic than on personal values

Choose the correct answer from the options given below :

(A)(B)(C)(D)
(a)iiiiiiiv
(b)iviiiiii
(c)iiiiiiiv
(d)iiiviiii
Correct Answer: (b)
Solution:
List-I MBTI Framework-Jungian AspectsList-II Characteristics
A. Sensing(ii)Would work with known facts than look for possibilities and relationships
B. Thinking(iv)Relies more on interpersonal analysis and logic than on personal values
C. Feeling(i)Relies more on personal values than on impersonal analysis and logic
D. Perceiving(iii)Likes a flexible, spontaneous way rather than a planned and orderly way of life

20. Match List I with List II

List-I Objective of business firmsList-II Suggested by
(A) Sales Revenue maximization(i) K.W. Rothschild
(B) Maximization of Firm's growth rate(ii) Cyert and March
(C) Long-term survival(iii) W.J. Baumol
(D) Satisfying behaviour(iv) Robin Marris

Choose the correct answer from the options given below :

(A)(B)(C)(D)
(a)iiiiviii
(b)iviiiiii
(c)iiiiviii
(d)iiiiiiiv
Correct Answer: (a)
Solution:
List-I Objective of business firmsList-II Suggested by
(A) Sales Revenue maximization(iii) W.J. Baumol
(B) Maximization of Firm's growth rate(iv) Robin Marris
(C) Long-term survival(i) K.W. Rothschild
(D) Satisfying behaviour(ii) Cyert and March