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

Total Questions: 100

71. Under the Vivad se Vishwas Act, 2020 the amount payable by the declarant U/S 3 on or after January 1, 2021 is:

Correct Answer: (b) The aggregate of the amount of disputed tax and 10% of disputed tax
Solution:

Amount payable under this Act on or after the (1st day of January, 2021 or such later date as may be notified) but on or before the last date.
• The aggregate of the amount of disputed tax and 10% of disputed tax.
• Direct Tax VIVAD SE VISHWAS ACT, 2020 - An act to provide for resolution of disputed tax and matters connected there with or incidental thereto.
• Be it enacted by parliament in the 71st year of Republic of India as follows.
• This Act may be called the direct Tax Vivad se Vishwas Act, 2020.

72. Match List-I with List-II

List-I (Description)List-II (Conceptualisation)
A. Net Stable Funding Ratio1. Asset Liability Management
B. Innovative Perpetual Debt Instrument2. Tier - I capital
C. Times Maturity Gap3. Tier - II capital
D. Risk Weighted Assets4. Basel - III norms

Choose the correct answer from the options given below:

Correct Answer: (a) A-IV, B-II, C-I, D-III
Solution:
List-I (Description)List-II (Conceptualisation)
A. Net Stable Funding RatioIV. Basel - III norms
B. Innovative Perpetual Debt InstrumentII. Tier - I capital
C. Times Maturity GapI. Asset Liability Management
D. Risk Weighted AssetsIII. Tier - II capital

73. Given below are two statements:

Statement I : Policies are guides to action, rather than to thinking.
Statement II : Policies define an area within which decision is to be made.
In the light of the above statements, choose the correct answer from the options given below:

Correct Answer: (d) Statement I is false and Statement II is true
Solution:

According to Koontz & O’Donnell were identified as guides to thinking in decision - making. They assume that when decisions are made, these will fall within certain boundaries. “Policies do not require action, but are intended to guide managers in their decision commitments when they do not make decisions.”
Therefore statement I is false and statement II is true. Hence, option D correct.

74. As per Section 68 of the Indian Companies Act, a company may purchase its own shares out of which of the following?

A. Free reserves
B. Securities premium account
C. General reserve
D. Proceeds of any other shares
E. Proceeds of same kind of shares
Choose the correct answer from the options given below:

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

In some instances, the companies act authorizes a company to purchase its own shares or other securities. According to the companies act, section 68 deals with the power of the company to purchase its security.
Company purchases its own shares from the following reserves :
• Free reserves
• Securities premium account
• General reserve
• Proceeds of any other shares.

75. Which of the following constructs hold true for research analysis and design?

A. Research design is a framework for every stage of the collection and analysis of data
B. The choice between qualitative and quantitative methods in a research experiment depends upon Cronbach alpha
C. Experimental as source of data is not appropriate for a qualitative study
D. Plagiarism is the failure of researcher to acknowledge the borrowed material in his
E. Content Analysis is a method commonly used in qualitative research to aid data collection.
Choose the most appropriate answer from the options given below:

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

• Research design is a framework for every stage of collection and analysis of data. Statement A is true.
• Cronbach's alpha is a measure used to assess the reliability or internal consistency of a set of scale or test items. In quantitative studies, use certain statistical techniques such as 'cronbach Alpha' values for a reliability index, while in quantitative studies these types of measures are not widely available, and appear to be predominantly subjective. Statement B is false.
• Experiments as source of data is not appropriate for a qualitative study. Statement C is True.
• Plagiarism is the failure of researcher to acknowledge the borrowed material in his/her publication. Statement D is true.
• Content analysis is a research tool used to determine the presence of certain words, themes, or concepts within some given qualitative data. Statement E is true.

76. A price ceiling below the equilibrium price possibly leads to which of the following?

A. Black marketing
B. Commodity glut
C. Shortage of commodity
D. Commodity export
E. Price decline
Choose the correct answer from the options given below:

Correct Answer: (c) A and C only
Solution:

A price ceiling below the equilibrium price possibly lead to shortage of commodity and black marketing. Price ceiling refers to the mechanism by which the price of a good is prevented from rising to a certain level.

77. Which one of the following motives characterizes dominant organizational climate of university teaching departments/scientific organizations?

Correct Answer: (c) Expert power
Solution:

Expert capability/power characterizes major organizational environment of the university teaching departments/scientific organizations.

78. Logically sequence the following economic entities/identities in understanding the theory of consumer choice:

A. Budget line
B. Utility analysis
C. Demand curve analysis
D. Indifference curve analysis
E. Consumer equilibrium
Choose the correct answer from the options given below:

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

Consumer theory is the study of how people decide to spend their money based on their individual preferences and budget constraints. Logical way to understand consumer theory :
(B) Utility analysis
(D) Indifference curve analysis
(A) Budget line
(E) Consumer equilibrium
(C) Demand curve analysis.

79. Match List-I with List-II

List-I (International Trade Theories)List-II (Expounders)
A. Absolute Advantage1. David Ricardo
B. Factor Endowments2. Minhas, Leontief etc.
C. Factor - Intensity Reversal3. Adam Smith
D. Comparative Advantage4. Heckscher - Ohlin

Choose the correct answer from the options given below:

Correct Answer: (b) A-III, B-IV, C-II, D-I
Solution:
List-I (International Trade Theories)List-II (Expounders)
A. Absolute Advantage3. Adam Smith
B. Factor Endowments4. Heckscher - ohlin
C. Factor - Intensity Reversal2. Minhas, Leontief etc.
D. Comparative Advantage1. David Ricardo

80. Arrange the following steps in the process of GDR Issues:

A. Registration with prescribed authority
B. Appointment and vesting of shares with the custodian
C. Approval of the regulatory authorities
D. Listing of GDR
E. GDR allotment
Choose the correct answer from the options given below:

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

Following steps in the process of GDR Issues:
(A) Registration with prescribed authority
                                ↓
(C) Approval of the regulatory authorities.
                                ↓
(B) Appointment and vesting of shares with the custodian.
                                ↓
(E) GDR allotment
                                ↓
(D) Listing of GDR