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

Total Questions: 100

61. Match List I with List II

Choose the correct answer from the options given below:

(A)(B)(C)(D)
(a)iiiiiiiv
(b)iiiiviii
(c)iviiiiii
(d)iviiiiii
Correct Answer: (c)
Solution:

62. Arrange the following ratios in the increasing order of their significance in the prediction of industrial sickness (Altman, 1966) :

Choose the correct answer from the options given below:

Correct Answer: (a) D,E,A,B,C
Solution:Following ratios in the increasing order of  their significance in the proportion of industrial sickness (Altman, 1966):-

63. Which one of the following represents empirical generalizations relating to GDP growth and changes in unemployment?

Correct Answer: (d) Okun's law
Solution:Okun's law represents empirical generalisations relating to GDP growth & changes in unemployment.

64. Match List I with List II

List I Type of CostingList II Description
(A) Marginal Costing(i) Integrated approach to determine product features, product price, product costs and product design that helps ensure a company to earn reasonable profit on new products
(B) ABC(ii) The amount of any given volume of output by which the aggregate costs are changed if the volume of output is increased by one unit.
(C) Target Costing(iii) Used when identical units are produced through an on-going series of production steps
(D) Process Costing(iv) Costing system in which costs being with tracing of activities and then to producing the product

Choose the correct answer from the options given below:

(A)(B)(C)(D)
(a)iiiviiii
(b)iiviiiii
(c)iiiiiivi
(d)iiiiiiiv
Correct Answer: (a)
Solution:
List I Type of CostingList II Description
(A)Marginal Costing(ii)The amount of any given volume of output by which the aggregate costs are changed if the volume of output is increased by one unit.
(B)ABC(iv)Costing system in which costs being with tracing of activities and then to producing the product
(C)Target Costing(i)Integrated approach to determine product features, product price, product costs and product design that helps ensure a company to earn reasonable profit on new products
(D)Process Costing(iii)Used when identical units are produced through as on-going series of production steps

65. Match List I with List II

List-I Economic FrameworkList-II Description
(A)Stackelberg model(i)The situation in which each player in an oligopolistic markets adopts its dominant strategy but could do by cooperating
(B)Nash equilibrium(ii)Conceptualisation for identifying the structural determinants of the intensity of competition and the probability of firms in oligopolistic industries
(C)Peter's strategic Frameworks(iii)if firms are disproportionately powerful the market leader makes the first move and captures two-third of market share, while follower firm gets only a third of the market share
(D)Prisoner's delima(iv)A situation in which each player has chosen his/her optional strategy given the strategy chosen by the other player

Choose the correct answer from the options given below:

(A)(B)(C)(D)
(a)iiiviiii
(b)iiiiviii
(c)iiiiivii
(d)iiiiiiiv
Correct Answer: (b)
Solution:
List-I Economic FrameworkList-II Description
(A)Stackelberg model(i)if firms are disproportionately powerful the market leader makes the first move and captures two-third of market share, while follower firm gets only a third of the market share.
(B)Nash equilibrium(ii)A situation in which each player has chosen his/her optional strategy given the strategy chosen by the other player
(C)Peter's strategic Frameworks(iii)Conceptualization for identifying the structural determinant of the intensity of competition and the probability of firms in oligopolistic industries
(D)Prisoner's delima(iv)The situation in which each player in an oligopolistic markets adopts its dominant strategy but could do by cooperating

66. When the incoming partner cannot bring premium for goodwill then the necessary adjustment for goodwill is done through which one of the following?

Correct Answer: (b) Capital account of the new partners
Solution:

When the incoming partner cannot bring premium for goodwill, then the necessary adjustment for goodwill is done through capital account of the new partners.

67. A company does not include the value of skills gained by its employees from training programmes in its annual financial statements. Which one of the following accounting concepts is being applied in this case?

Correct Answer: (b) Money measurement concept
Solution:

Money measurement concept are used when a company does not include the value of skill's gained by its employees from training programmes in its annual financial statements. Money measurement concept in accounting, we record only those transactions which are expressed in terms of money.

68. Arrange the following stages in the marketing process of an enterprise :

(A) Marketing Mix
(B) Marketing program implementation
(C) Marketing Planning
(D) Market research
(E) Control and evaluation of marketing programs
Choose the correct answer from the options given below :

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

Following are the stages in the marketing process of an enterprise:-

  1. Market research
  2. Marketing planning
  3. Marketing mix
  4. Marketing Program Implementation
  5. Control & Evaluation of Marketing Programs

69. According to the Contingency Approach, the factors governing the Span of Management are:

(A) Type of work
(B) Ability of the manager
(C) Ability of the employees
(D) Level of management
(E) Geographic location
Choose the correct answer from the options given below:

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

Factors governing the span of management are [contingency approach]
• Ability of Manager  • Level of management
• Ability of the employees • Economic considerations
• Type of work    • Geographic location
• Information & control system • Authority & responsibility

70. Amount unutilised in the capital gain scheme for which exemption was claimed under section 54 shall be treated as long-term capital in the previous year:

Correct Answer: (d) In which period of 3 years has expired from the date of transfer
Solution:

Amount unutilised in the capital gain scheme for which exemption claimed u/s 54 shall be treated as long-term capital gain if 3 years have expired from date of transfer.