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

Total Questions: 100

31. Which of the following is a determinant of Organisational Climate or Culture (OC)?

Correct Answer: (a) Leadership style
Solution:

Organisational climate is a multidimensional concept. The various dimension of the organizational climate are individual autonomy, authority structure, leadership style, the pattern of communication, degree of conflicts and cooperation.

32. Sequence correctly the following steps in PERT/CPM analysis :

(A) Identify the critical path
(B) Draw the network diagram
(C) Establish dependencies across activities
(D) Estimate the completion time of an activity
(E) Define the activities in the network

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

The correct Sequence steps in PERT/CPM Analysis are:-
(E) Define the activities in the network.
                                       ↓
(C) Establish dependencies across activities.
                                       ↓
(B) Draw the network diagram.
                                      ↓
(D) Estimate the completion time of an activity.
                                      ↓
(A) Identify the critical path.

33. Which of the following statements regarding short-term theory of production and cost analysis are true?

(A) Economic rent is the same as economic profit
(B) Imputed cost is the rent of hired building
(C) When AC = MC, AC is minimum
(D) When MC is rising, AC > MC
(E) Output is optimum when AC = MC
Choose the most appropriate answer from the options given below :

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

Features of short-term theory of Production and cost Analysis are:-
• Economic rent is the same as economic profit.
• When AC is minimum, AC = MC
• Output is optimum when AC = MC
• Returns to a factor is used to explain the short-run Production function.

34. The Central Bank can significantly influence the savings, investments and consumer spending in the economy through which one of the following policies?

Correct Answer: (b) Monetary policy
Solution:The Central Bank can significantly influence the saving, investments and consumer spending in the economy through monetary tools like Cash Reserve Ratio, Statutory Liquidity Ratio, Margin Requirements, Ceiling on amount of credit, open market operations, etc.

35. Which one of the following statements is false?

Correct Answer: (c) Regression coefficient of the two variables may have different algebraic symbols for real life situations
Solution:

Regression coefficient must not have different signs for them. Regression coefficients and correlation coefficient, all of the three must have similar signs. If any of them not have similar sign then we can say that there is a calculation error in the process.

36. Match List-I with List-II :

List-I Accounting StandardList-II Description
(A)Ind-AS : 1(i)Investments in Associates and Joint ventures
(B)Ind - AS : 8(ii)Presentation of Financial Statements
(C)Ind - AS : 28(iii)Interim Financial Reporting
(D)Ind-AS : 34(iv)Accounting policies, change in Accounting Estimates and Errors

Choose the correct answer from the options given below :

(A)(B)(C)(D)
(a)iiiiiiiv
(b)iiiviiii
(c)iiiiiivi
(d)iiiiviii
Correct Answer: (b)
Solution:
List-IAccounting StandardList-IIDescription
(A)Ind–AS : 1(ii)Presentation of Financial Statements
(B)Ind – AS : 8(iv)Accounting policies, changes in Accounting Estimates and Errors
(C)Ind - AS : 28(i)Investments in Associates and Joint ventures
(D)Ind–AS : 34(iii)Interim Financial Reporting

37. Match List-I with List-II :

List-IMode/DeliveryList-IIExplanation
(A)Actual delivery(i)Seller hands over to the buyer the key of the godown where the goods are stored
(B)Constructive delivery(ii)Physical handing over of the possession of 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 third person on behalf of and at the disposal of the buyer

Choose the correct answer from the options given below :

(A)(B)(C)(D)
(a)iviiiiii
(b)iiiviiii
(c)iiiiiiiv
(d)iiiiviii
Correct Answer: (b)
Solution:The code of correct matching of List-I with List-II:
List-I Mode/Delivery List-II Explanation 
(A)Actual delivery(ii)(ii) Physical handing over of the possession of goods by the seller to the buyer
(B)Constructive delivery(iv)Acknowledgement by third person on behalf of and at the disposal of the buyer
(C)Symbolic delivery(i)Seller hands over to the buyer the key of the godown where the goods are stored
(D)Delivery(III)Voluntary transfer of possession of goods from seller to buyer

38. Which of the following losses are allowed to be carried forward and set off in the subsequent assessment years?

(A) House property loss
(B) Business loss
(C) Speculation loss
(D) Capital loss
(E) Loss on account of owning and maintaining race horses
Choose the correct answer from the options given below :

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

Following are the losses allowed to be carried forward and setoff in the subsequent assessment years:-
• House property loss
• Business loss
• Speculation loss
• Capital loss
• Loss on account of owning and maintaining race horses.

39. Which of the following samples are non-random or non-probability samples?

(A) Systematic sample
(B) Quota sample
(C) Cluster or area sample
(D) Purposive sample
(E) Replicated sample
Choose the correct answer from the options given below :

Correct Answer: (d) (B), (D) only
Solution:

Non random or non-probability sampling refers to the sampling process in which, the samples are selected for a specific purpose with a pre-determined basis of selection.

Types of Non-probability sampling:
• Quota sampling
• Purposive sampling
• Judgment sampling
• Snowball or network sampling
• Crowd sourcing

40. Which one of the following statements is true?

Correct Answer: (a) The sum of absolute deviations measured from Median is the least
Solution:Minimum Deviation (MD) from MeanSo, the sum of absolute deviations measured from median 15 the least is 8 true statement.