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

Total Questions: 100

51. Banks are not required to deduct the TDS from deposits who have submitted declaration in which one of the following forms under the Income Tax Rule, 1962.

Correct Answer: (c) Form 15 (G)
Solution:Banks are not required to deduct the TDS from depositions who have submitted declaration in form 15 (G) under the Income Tax Rule, 1962.

52. The safety margin that insurers must maintain in order to protect the interest of the policy holders is called :

Correct Answer: (b) Solvency margin
Solution:

The safety margin that insurers must maintain in order to protect the interest of the policy holders is called solvency margin.
Solvency margin is the extent to which an insurance company's assets exceed its liabilities. IRDAs imminent revision of the solvency margin threshold of 150% could be crucial because the solvency ratio of many life and general insurers has been deteriorating and are close to the regulatory minimum of 15.

53. Match List I with List-II

List-I (Type of test)List-II (Testing situation)
(A) ANOVA Test(ii) Parametric test to test the hypothesis of differences in more than two sample means
(B) Z-Test(iv) Hypothesis testing for mean for large samples when $\sigma$ is known or unknown
(C) Chi-square Test(i) Testing whether a standard probability distribution fits well to a given frequency distribution
(D) Kruskal-Wallis Test(iii) Non-parametric test to test the hypothesis of differences in more than two samples means

Choose the correct answer from the options given below

(A)(B)(C)(D)
(a)iviiiiii
(b)iiviiiii
(c)iiiviiii
(d)iiiiiivi
Correct Answer: (c)
Solution:
List-I Type of testList-II Testing situation
(A) ANOVA Test(ii) Parametric test to test the hypothesis of differences in more than two sample means
(B) Z-Test(iv) Hypothesis testing for mean for large samples when σ is known or unknown
(c)Chi-square Test(i)Testing whether a standard probability distribution fits well to a given frequency distribution
(D) Kruskal-Wallis Test(iii) Non-parametric test to test the hypothesis of differences in more than two samples means

54. Arrange the following steps in the process of concluding an export deal.

(A) Confirm the export deal
(B) Receive letter of credit
(C) Identify and negotiate with importer
(D) Receive an export order
(E) Examine thoroughly and ask for amendment
Choose the correct answer from the options given below :

Correct Answer: (b) (C), (A), (D), (E), (B)
Solution:Steps in process of concluding an export deal:
(C) Identify and negotiate with importer
                           ↓
(A) Confirm the export deal
                           ↓
(D) Receive an export order
                          ↓
(E) Examine thoroughly and ask for amendment
                         ↓
(B) Receive letter of credit

55. Which of the following relationships regarding price elasticity coefficient with change in price and change in total revenue is incorrect?

Correct Answer: (b)
Solution:

Price elasticity of demand depending on the change in price and total revenue states that as the price decreases the total revenue increases and vice versa. The correct relationship regarding price elasticity coefficient with change is price and change in total revenue is -

56. Which one of the following is not coordinated in the horizontal of Integrated Marketing communications?

Correct Answer: (b) Customer Service
Solution:

Coordination in the horizontal of integrated marketing communications is packaging, sales promotion, and distribution. Customer service is not coordinated in the horizontal integrated marketing communication.
Customer service is the assistance and advice by a company to those people who buy or use its products or services.

57. Which one of the following does not fall in the ambit of the objectives of the Competition Act, 2002 in India?

Correct Answer: (c) Prevent monopolistic rights arising out of intellectual property
Solution:

Objectives of the Competition Act, 2002 in India:
• Encourage competition
• Prevent abuse of dominant position
• Regulate mergers and acquisitions
• To promote and sustain competition in market
• To protect the interest of consumers.

58. Limited liability partnership may be wound up by which one of the following

Correct Answer: (d) Either voluntarily or by the tribunal established under the Companies Act, 2013
Solution:

The winding up of a limited liability partnership may be either voluntary or by the tribunal established under the Companies Act, 2013.
• Section-63, 64 and 65 of LLP Act, 2008 regulates the process of winding up of an LLP.

59. Which of the following measures inflation in ecosystem?

(A) Phillips curve
(B) Consumer Price Index
(C) Misery Index
(D) GDP deflator
(E) Fisher effect
Choose the most appropriate answer from the options given below :

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

Inflation measured by calculating the percentage rate of change of a price index is called the inflation rate.
Following are the price Indexes, measures inflation in ecosystem:-
• Consumer Price Index (CPI)
• Harmonized Index of Consumer Prices (HICP)
• The GDP deflator
• Producer price Index
• Core inflation
• Purchasing power Index

60. Which of the following are three pillars of BASEL-II?

(A) Minimum Capital Requirements
(B) Supervisory Review
(C) Leverage
(D) Market Discipline
(E) Capital Conservation Buffer
Choose the correct answer from the options given below :

Correct Answer: (c) (A), (B), (D) only
Solution:

BASEL-II is the set of international banking regulations defined by the Basel Committee on Bank Supervision (BCBS). It is an extension of the regulations for minimum capital requirements as defined under Basel-I. The Basel II framework operates under three pillars;-
• Capital Adequacy Requirements/Minimum capital Requirements.
• Supervisory review
• Market Discipline