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

Total Questions: 100

41. In which of the following pricing policies, a firm charges higher initial price for the product and reduces it over time as the demand at higher price is satisfied?

Correct Answer: (c) Skimming
Solution:

- Price skimming: is a product pricing strategy by which a firm charges the higher initial price that customers will pay and then lowers it over time.
- As the demand of the first customers is satisfied and competition enters the market, the firm lower the price to attract another, more price-sensitive segment of the population.

42. Redressal mechanism for consumer disputes under. Section 9 of the Consumer Protection Act envisages a

Correct Answer: (c) three-tier system
Solution:

Section: 9 There shall be established for the purpose of this act, the following agencies namely:-
(1) A consumer disputes redressal forum to be known as the "District forum" established by the state government in each district of the state by notification: Provide that the state government may, it is deems fit, establish more than one district forum in a district.
(2) A consumer disputes redressal commission to be known as the "state commission" established by the state government in the state by notification.
(3) A national consumer disputes redressal commission established by the central government by notification.

43. Which of the following are considered nonparametric tests?

(A) Mann-Whitney U test
(B) Kruskal-Wallis test
(C) F-test
(D) T-test
(E) Chi-square test
Choose the correct option from the following:

Correct Answer: (a) (A), (B) and (E)
Solution:

Non-parametric test: refers to test in which the researcher does not make assumption about the parameter of the population from which a sample is drive.
Types-
• Chi-square test
•Kolo mogrove test
• Wileoxon signed rank test
• Median test
• Run test
• Mann-whitney (U) test
• Cochran's Q Test (Q) test
• Mode test
• Kruskal-wallis test
• Spear man rank
• Mooses test
• Pages test
• Kendall's correlation

44. Currency swap is a method of

Correct Answer: (a) hedging against foreign exchange risk
Solution:

Currency Swap: A currency swap is an agreement in which two parties exchange the principle amount of a loan and the interest in one currency for the principle and interest in another currency.
- Currency swaps are used to obtain foreign currency loans at a better interest rate than a company could obtain by borrowing directly in a foreign market or as a method of hedging transaction risk on foreign currency loans which it has already taken up.

45. Which of the following characteristics are related to relationship marketing?

(A) Product feature orientation
(B) Product benefit orientation
(C) Frequent consumer contact
(D) High concern for quality
Choose the correct option from the following:

Correct Answer: (a) (B), (C) and (D)
Solution:

The following characteristics are related to relationship marketing.
(1) Product benefit orientation: relationship marketing focus on product benefit orientation as it creates products and service only after carefully studying and interacting with its target customers.

(2) Frequent consumer contact: relationship marketing is attracting, maintaining and enhancing customer relationships.

(3) High concern for quality: relationship marketing is defined as "a strategy that aims at developing and managing long-term relations with customers, suppliers and distributors in order to earn and retain the business of the enterprise"

46. 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:

Following are the correct match list-I with list-II

47. Which of the following is true about India Trade Policy (Export-Import), 2015-2019?

Correct Answer: (d) All are correct
Solution:

Indian's Foreign trade policy aims to-
(1) Increase the country's share of global trade from the current 2.1% to 3.5%
(2) Double its exports to $ 900 billion by 2020
(3) Introduced two new schemes (MEIs and SEIs)
(4) Introduced simplified aayat-nirgat form
(5) India's trade policy framework must be supported by economic reform that result in an open, competitive and technologically innovative Indian economy

48. The social environment of the job affects people and is also affected by them and not by management alone, is the main proposition of

Correct Answer: (d) Neo-classical theory of organization
Solution:

- The Neo classical theory is the extended version of the classical theory wherein the behavioral sciences gets included into the management.

- According to this theory, the organization is the social system and its performance does get affected by the human actions.

- Thus, the researchers tried to identify the reasons for human behaviour at work.

- This approach is often referred to as "behavioural theory of organization or human relations".

49. Which among the following is NOT a correct statement?

Correct Answer: (a) Hedge funds are not mutual funds
Solution:

Hedge fund are still at an initial phase and are not as widely known as other mutual funds. Though they to pool investments from various investors, they use highly complex strategies to 'hedge' risk and deliver high returns.

(1) Hedge fund are not mutual fund.
(2) Hedge fund can't be sold to pubic.
(3) Investor in mutual fund must pay various fees and expenses.
(4) Mutual fund provide economic of scale to investment decision.

50. Return of income is submitted under which Section of Income-tax Act?

Correct Answer: (c) Section 139 (1)
Solution:

Under section 139 (i), in the following cases the filing of income tax return is mandatory:
• Every person who has a total income that exceeds the exemption limit is liable to furnish income tax return within the due date.
• Any private, public, domestic or foreign company located or doing business in India.
• Any firm including LLP or unlimited liability partnership.
•Any resident who has an asset located outside of India or any resident who retains signing authority for an account based outside India
• Every HUF, AOP and BOI