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

Total Questions: 100

41. Which one of the following is not the assumption for consumer behaviour based on the Ordinal Utility Theory?

Correct Answer: (c) Satiaty of demand
Solution:

Ordinal utility is introduced in 1930 by John Hicks & R.J. Allen
Assumption of ordinal utility
• Rationality of the Consumer.
• Utility only ordinally measurable.
• Diminishing Marginal rate of substitution.
• Transitivity or consistency optimality.

42. Multicollinearity in the regression analysis is measured by

Correct Answer: (a) Tolerance (1–R²)
Solution:

Multicollinearity is a high degree of correlation amongst the explanatory variables.
Multicollinearity in the regression analysis is measured by Tolerance (1–R²)

43. Arrange the following steps in the design thinking process for an innovative solution to a problem:

(A) Ideate
(B) Test
(C) Empathize
(D) Define
(E) Prototype
Choose the correct answer from the options given below

Correct Answer: (c) C, D, A, E, B
Solution:Following steps in the design thinking process for an innovative solution to a problem:--
Empathize
     ↓
Define
     ↓
Ideate
     ↓
Prototype
     ↓
Test

44. If the assessee is engaged in the business of growing and manufacturing tea in India, agricultural income in that case shall be :

Correct Answer: (c) 60% of the income of such business
Solution:

If the assessee is engaged in the business of growing & manufacturing tea in India, the agriculture income in that case shall be 60% of the income of such business:-

•Particulars of businessAgricultural portion (exempt)Non-agricultural portion (Taxable)
•Growing & manufacturing of tea60%40%
•Growing & manufacturing of rubber65%35%
•Growing & manufacturing of coffee75%25%
•Growing & manufacturing of coffee grown, cured, roosted & grounded60%40%

45. Which one of the following duties is not a general duty of directors of a company?

Correct Answer: (c) Duty to attend Board Meetings
Solution:General duty of Directors of a Company are:-
• Duty of good faith in order to promote the object of the company.
• Duty of due & reasonable care, skill & diligence and shall exercise independent judgment.
• Duty not to delegate or assign his office assignment.
• Duty to disclose interest.
• Personal Attendance.

46. Which one of the following categories of customers are opening leaders who carefully search for new technologies that might give them a dramatic competitive advantage?

Correct Answer: (a) Early Adopters
Solution:

Customers are classified into five categories:-

  1. Innovators
  2. Early Adopters
  3. Early Majority
  4. Late Majority
  5. Laggards

• Innovators:- try new product in market they take risk.
• Early adopter:- new product but carefully.
• Early Majority:- Try product after innovator's & early adopter they are price sensitive.
• Late Majority:- Late majority are skeptical they adopt an innovation only after a majority of people have tried it.
• Laggards are tradition-bound they are suspicious only when it has become something of a tradition itself.

47. Which one of the following is used for international money transfer?

Correct Answer: (c) SWIFT
Solution:

SWIFT is used for international money transfer. SWIFT Society for Worldwide Interbank Financial Telecommunications that provides safe & secure financial transactions for its member. Today international payment & settlement's mostly done through SWIFT method.

48. Which one of the following is not true for Authority?

Correct Answer: (d) It serves as a basis of both formal and informal organizations
Solution:

Authority is the legitimate right of a superior to command and compel his subordinates to perform a certain act. In informal organization, there is no typical hierarchies for authority as compared to formal organization. So, it serves as a basis of only formal organization.

49. Which one of the following is not coordinated in the Vertical Integration of Integrated Marketing Communications?

Correct Answer: (a) Pricing
Solution:

A unique feature of the (RBI- FI) Index is the Quality parameter which captures the quality aspect of financial inclusion as reflected by financial literacy, consumer protection, and inequalities and deficiencies in service.

50. RBI financial inclusion index (FI-Index) quality parameter capture information on which of the following?

(A) Financial literacy
(B) Consumer protection
(C) Ease of access
(D) Availability and usage
(E) Inequality and deficiency in service
Choose the correct answer from the options given below :

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

RBI financial inclusion index quality parameter not capture following information:-
• Financial literacy
• Consumer Protection
• Inequality & deficiency in service.