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

Total Questions: 100

71. What is the correct sequence in 'Hierarchy of Effect' model in a communication situation:

(A) Preference
(B) Purchase
(C) Awareness and Knowledge
(D) Conviction
(E) Linking
Choose the correct answer from the options given below:

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

Correct sequence in 'Hierarchy of Effect' model in communication situation is:-

  1. Awareness & knowledge
  2. Linking
  3. Preference
  4. Conviction
  5. Purchase

72. The share capital of an RRB is subscribed by the Central Government, State Government and the Sponsoring Bank in which one of the following ratios?

Correct Answer: (b) 50 : 15 : 35
Solution:

The share capital of an RRB is:-
50% shall be held by the central government
15% shall be held by the state government
& remaining 35% shall be held by the sponsoring bank

73. Who are not eligible to get information under the RTI Act from the following?

(A) Corporations
(B) Associations
(C) Companies
(D) Citizens
(E) Legal entities
Choose the correct answer from the options given below:

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

Section 3 in The Right to Information Act 2005, subject of the provisions of this Act, all Citizens shall have the right to information. Hence corporations, Associations, companies and Legal entities are not eligible to get information under the RTI Act.

74. On which of the following bases buyers are divided in psychographic segmentation?

(A) Loyalty status
(B) Life style
(C) Buyer-readiness stage
(D) Values
(E) User status
Choose the correct answer from the options given below:

Correct Answer: (a) B and D only
Solution:

Following bases buyers are divided in psychographic segmentation:-
• Lifestyle
• Personality traits
• Values & Attitude
• Activities, Interests & opinions
• Social status

75. Out of the following statements, which are not true is respect of a Limited Liability Partnership?

(A) There must be at least one Designated member at all times.
(B) Designated members do not have the same rights and duties as any other member
(C) There is no specific requirement to have any non-designated members
(D) A Limited Liability Partnership may be established such that all member are considered be designated members
Choose the correct answer from the options given below:

Correct Answer: (b) A and B only
Solution:

Every LLP at least 2 designated partners who are individual at least 1 of them must be resident in India.
• Designated partners are also accountable & responsible for legal compliances same as any other member.

76. Which of the following are the components of Mc Kinsey's 7-S framework?

(A) Shared values
(B) Procurement
(C) Strategy
(D) Technology Development
(E) System
Choose the correct answer from the options given below:

Correct Answer: (a) A, C and E only
Solution:

McKinsey 7s framework is developed by Robert H. Waterman, Jr. & Tom Peters in 1980. Following are the components of Mc kinsey's 7-s framework:-

  1. Strategy
  2. Skills
  3. Structure
  4. Style
  5. System
  6. Staff
  7. Shared values (Super-ordinate goals)

77. Pricing practice of setting a price target and then developing a product that would allow the firm to maximum total profit at that price is called:

Correct Answer: (c) Price lining
Solution:

Price lining:- Pricing practice of setting a price target & then developing a product that would allow the firm to maximum total profit at that price is called price lining.
• Price Ceilings:- A maximum price set by authority. [help's sellers]
• Price Floors:- A minimum price set by government [help sellers]
• Price matching is a strategy used by retailers in order to provide the best price for customers in a competitive market.
• Pricing power means if firms product charge then how much quantity/demand of the product effect.

78. As per which one of the following approaches firm finances a part of its permanent working capital with short term financing?

Correct Answer: (c) Aggressive Approach
Solution:

Aggressive Approach:- In Aggressive approach a firm finances a part of its permanent working capital with short term financing.
Conservative Approach:- This approach suggest that the entire requirement of current assets should be financed through long term sources and short term sources should be used only in case of emergency.

79. While wandering in jungle, King Dushyant married Shankuntala as narrated in the "Abhigyan Shankuntalam". He gave her royal ring which could serve her identity when she would come to meet him in future. However, she had lost the ring while going to meet him. When she arrived at Dushyant's palace, he failed to recognize her as she did not had the ring. Which of the following statistical error King Dushyant had committed in this narrative?

Correct Answer: (a) Type I error 
Solution:

Type I Error:- When the Null hypothesis is true but rejected is denoted by Ho.
• Here, Shakuntala is the wife of Dushyant Kumar is true but she had lost the ring while going to meet him then King Dushyant failed to recognize her as she did not had the ring.
Type I error is representative of false positive.
Type II error (False negative) failing to reject the null hypothesis when it's actually false.

80. The purpose (aim) of stock split is to

(A) Increase the number of shares
(B) Reduce market price per share
(C) Arrest share price decline
(D) Encourage wider public ownership
(E) Reduce impact cost
Choose the correct answer from the options given below:

Correct Answer: (b) B and D only
Solution:

Stock split is a process in which company divides the company's outstanding shares into multiple shares.
The purpose of stock split is:-
• Reduce market price per share.
• Encourage wider public ownership.