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

Gap between consumer expectation and management perception.
• Here, According to the question, the hospital Administration unable to perceive correctly what the customers wants or needs.
• Factors that affect the size of the knowledge gap includes insufficient research, lack of customer interaction, not listening to customers etc.
• This gap arises due to the differences in managements perception of customer needs and customer's actual expectations.

Securitisation.
• Banker sale a mortgage portfolio by setting up a mortgage pass - through securities is an example of securitisation.
• Securitisation is the conversion of an asset, especially a loan, into marketable securities, typically for the purpose of raising cash by selling them to the investors.

Markov Analysis :- Transition probability matrix is developed to determine the probabilities of job incumbents remaining in their jobs for the forecasting period.
• The technique is named after Russian mathematician Andre Andreyvich Markov.
• Markov Analysis, can be used to model the internal flow of human resources. These matrices simply show as probabilities the average rate of historical movement from one job to another.

Total Revenue increases as the price of product decreases and the TR decreases as the price increases.
As a result the Price Elasticity of Demand is greater than one.

Net Benefit Model :- The proponent of this model is Pekin Gaan. This model provide the means for determining the net present value of the human resource. According to this model, the net benefit is difference between the total investment made by the organisation in acquiring, training, developing, integrating & maintaining the employees & the total benefits received out of the skill, ability & knowledge of those employees.
The correct sequence from the options are given below:-
• The gross value of services to be rendered in future by the employee in their individual as well as their collective capacity is determined.
• The value of future payments to the employees is determined.
• The excess of the value of future human resources over the value of future payments is ascertained.
• The present value of the net benefit is determined by applying a pre-determined discount rate.
• The amount calculated under ‘C’ will be the value of human resource to the organisation.

The Companies Act, 2013 has used the term Key Managerial Personnel to define the executive management. The executive management of a company is responsible for the day to day functioning of the company and are responsible for not just laying down the strategies as well as its implementation. According to section 2(51) of companies Act, ‘Key- Managerial personnel’ in a company means:-
(i) The Chief Executive Officer or the Managing Director or Manager.
(ii) The Company Secretary.
(iii) The Full - Time Director.
(iv) The Chief Financial Officer.

Most of the reforms are being implemented between 2013 and 2019. Countercyclical capital Buffer, is a Basel frame work, which places restriction on participation by banks in system wide credit booms to reduce their losses in credit Score Busts.

The Finance Manager has to pay particular attention to the levels of current assets and current financing. To decide the levels and financing of current assets, the risk return trade off must be taken into account. The concept of risk - return trade off represents a balance between low - risk and high potential return.

A co - efficient of correlation having a value of +0.87 implies that co - efficient of correlation is strong and positive.