NTA UGC NET/JRF Exam, June 2019 Commerce (Morning-Shift)

Total Questions: 100

11. Which one of the following is NOT the prerequisite of price discrimination?

Correct Answer: (b) Product have multiple close substitutes and different uses
Solution:

Price discrimination is a selling strategy that charge customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to.
Conditions for price discrimination:-
•The seller must have some control over the supply of his product. Such monopoly power is necessary to discrete the price.
• Markets are separated and segmented.
• Price elasticity of product must differ in different markets.

12. Which one of the following is used for international money transfer?

Correct Answer: (c) SWIFT
Solution:

• Society for World Wide Inter Bank Financial Telecommunication (SWIFT)-
• It is a cooperation society registered in may 1973 in Brasells (Belgium)
•It is a trusted Messaging system for banks and other financial institutions around the world.

13. Match List-I with List-II :

Choose the correct option from those given below: 

Correct Answer: (c) (A)-(iii): (B)-(i): (C)-Gii): (D)-(iv)
Solution:

The below are the correct match:

14. Consumer behaviour does NOT consist which of the following activities?

Correct Answer: (d) Producing
Solution:

• Consumer behaviour may be defined as the behaviour that consumers display in searching for purchasing, suing, evaluating and disposing of produces.

•Thus, the study of consumer behaviour is the study of how individuals make decisions to spend. their available resource-money, time and effort-on consumptionrelated items.

• However, it may be noted that consumer behaviour research today goes for beyond "What, why, now, when, where, and now often" facts of consumer behaviour and also consider the uses which consumers make use of the goods they buy and evalutions of these goods after use

15. Match List-I with List-II

Choose the correct option from those given below:

Correct Answer: (a) (A)-(ii); (B)-(iii); (C)-(iv); (D)-(i)
Solution:

The following are the correct answer:

16. In the context of the above two statements, which one of the following codes is correct?

Statement (I): Areement without consideration is always valid.
Statement (II): All contracts are agreements but all agreements are not contracts.

Correct Answer: (c) Statement (I) is incorrect and Statement (II) is correct
Solution:

Statement-I Agreement without consideration is always valid.
Therefore, Statement-I is incorrect.
Statement-II All contracts are agreements but all agreement are not contracts. Therefore, Statement II is correct.

17. Match List-I with List-II

Choose the correct option from those given below:

Correct Answer: (b) (A)-(iii); (B)-(iv); (C)-(ii); (D)-(i)
Solution:

The below are the correct answer.

18. A statement of change in financial position typically would NOT disclose the effect of

Correct Answer: (b) Dividends on share declared
Solution:

A statement of change in a financial position typically would NOT disclose the effect of dividends on share declared.
Explanation:

• A statement of changes in financial position is a statement that outlines the causes of a changing the financial position of a company during an accounting period.

•However, the statement of changing financial position won't disclose information about dividends on shares declared as the journal entry to record the declaration of the cash dividends involves a decrease (debit) to retained earnings (a stockholder's equity about) and an increase (credit) to cash dividends payable (a liability account). This will nullify (Net off) the overall effect.

19. Promoting team spirit, harmony and unity within the organization is the principle of

Correct Answer: (c) spirit de corps
Solution:

• Esprit de corps it is the principle of management, according to which a manager should replace 'I' with 'we' in all his conversation with workers.

•Literally speaking, the phrase 'esprit de crops' means the spirit of legality and devotion which unites the members of the group.

• According to fayol, management should promote a team spirit of unity and harmony among employees

20. Following are the information for a house property:

Municipal value ₹4,50,000
Fair rental value ₹ 5,00,000
Standard rent ₹4,80,000
Actual rent ₹4,20,000
What is the gross annual value of the house property?

Correct Answer: (a) ₹4,80,000
Solution: