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

Total Questions: 100

51. Which of the following are included in digital payment system?

(A) RTGS
(B) Demand draft
(C) NEFT
(D) Cheque
Choose the correct option from the following:

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

Digital payment: The digital India programme is a flagship programme of the government of India with a vision to transform India into a digitally empowered society and knowledge economy. "Faceless, paperless cashless" is one of professed role of digital India.
These mode are:
• RTGS
•NEFT IMPS
•Banking card
• UPI
• Mobile banking

52. SIDBI was set up as a subsidiary of IDBI to

Correct Answer: (a) takeover the functions of small business financing of IDBI
Solution:

SIDBI (Small industry development bank of India) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India.
- It is under the jurisdiction of ministry of finance, government of India H.Q. at Lucknow and having its offices all over India. - SIDBI was established on 2ⁿᵈ April 1990. Through an act of parliament.
- Its purpose is to provide refinance facilities to bank and financial institution and engage in term lending and working capital finance to industry.

53. Which of the following commodities is kept outside the purview of GST?

Correct Answer: (b) Petroleum products
Solution:

Outside of GST:

54. In the context of the above two statements, which one of the following options is correct?

Assertion (A) : According to Net Income (NI) approach, capital structure decision is relevant in the valuation of firm.
Reason (R) : A firm can change its total value and its overall cost of capital by change in the degree of leverage in its capital structure.

Correct Answer: (a) Both (A) and (R) are correct and (R) is the right explanation of (A)
Solution:

Assertion (A): According to Net Income (NI) approach, capital structure decision is relevant in the valuation of firm.
- Therefore Assertion is the correct statement.
Reason (R): A firm can change its total value and its overall cost of capital by change in the degree of leverage in its capital structure.
- Therefore Reason (R) is the correct and (R) is the right explanation of (A).

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

Statement (I) : If the tax liability has been reduced within the legal framework, it is tax planning.
Statement (II) : If tax liability has been reduced to get benefit of deduction available under the income tax, it is called tax evasion.

Correct Answer: (b) Statement (I) is correct but (II) is incorrect
Solution:

Statement-I: If the tax liability has been reduced within the legal framework, it is tax planning.
Statement-II: If tax liability has been reduced to get benefit of deduction available under the income tax, it is called tax management not tax evasion.
If tax liability has been reduced to get benefit of deduction available not under the income tax it is called tax evasion.

56. The essence of the law of diminishing returns is

Correct Answer: (b) Negative marginal production
Solution:

Law of diminishing returns states that as one variable input is increased, with all other remaining fixed, a point will be reached beyond which the marginal physical product of the variable factor will begin to decrease.

Still, if additional variable input is added, it will lead to negative morainal production.

57. Organization structure that shows a unique combination of strategy, structure and management process is known as

Correct Answer: (c) network organization
Solution:

Network Organization: In a network structure, managers coordinate and control relationship that are both internal and external to the firm.
• The concept underlying the network structure is the social network a social structure of interactions. Open communication and reliable partners (both internally and externally) are key components of social network.
• It show a unique combination of strategy, structure and management process.

58. Which of the following reflects the sum of perceived tangible and intangible benefits and costs to a customer?

Correct Answer: (c) Customer value
Solution:

Customer value is the perception of what a product or service is worth to a customer versus the possible alternatives worth means whether the customer feels she or he got benefits and service over that s/he paid. In a simplistic equation form customer value is benefits-cost CV = B-C

59. Which of the following types of goodwill is considered to be the best?

Correct Answer: (b) Cat goodwill
Solution:

The classification of good will-
It is fascinating to think about the order or good will dependent on customer conduct.
• DOG good will
• CAT good will
• RAT good will
• RABBIT good will
CAT goodwill- considered the best good will in cat good will the customers are progressively loyal to the brand and the organization. The board or authority groups don't concern them.

60. Which of the following is NOT a main stage in a customer relationship life cycle?

Correct Answer: (c) Customer satisfaction
Solution:

Customer life cycle in terms of customer relationship Management the customer life cycle describes the various stages a consumer goes through before during and after they complete a transaction.
- Five basic stages of a customer life cycle: