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

Total Questions: 100

61. The aritnmetic mean or 10 items is 50. If each item is increased by 5, then new arithmetic mean would be

Correct Answer: (b) 55
Solution:

Mean of 10 items = 50
∴ Total of 10 items = 50×10 = 500
if each number is increased by 5, then total increase = 10×5 = 50
Then, total of 10 number = 500+50 = 550
∴ New Arithmetic mean = 550/10 = 55

62. Which of the following does NOT fall in the ambit of the objectives of Competition Act, 2002?

Correct Answer: (c) Prevent monopolistic rights arising out intellectual property
Solution:

Competition Act, 2002: was enacted by the parliament of India and replaced MRTP Act, 1969. Two main features of the competition Act, 2002 is the framework it provides for the establishment of the competition commission, and the tools it provide to prevent anti-competitive practices and to promote positive competition in the Indian market.

Object: To provide the framework for the establishment of the competition commission.
To prevent monopolies and to promote competition in the market.
To protect the freedom of trade for the participating individuals and entities in the market.
To prevent practices having an adverse effect on competition.
To promote and sustain competition in markets.
To protect the interests of consumers

63. Which one of the following analysis is suitable for risk-return analysis in financial decisions?

Correct Answer: (a) CAPM analysis
Solution:

CAPM (Capital asset pricing modal) describes the relationship between systematic risk and expected return for assets, particularly stocks.
- CAPM is widely used throughout finance for pricing risky securities and generating expected returns for assets given the risk of those assets and cost of capital.

64. Which among the following institutions is NOT a part of World Bank group?

Correct Answer: (b) International Monetary Found (IMF)
Solution:

65. Which of the following are NOT the sources of secondary data?

Correct Answer: (d) (A), (B) and (C)
Solution:

66. Which is the most appropriate mode of entry in international business to an enterprise with little experience of international markets?

Correct Answer: (d) Exporting
Solution:

Exporting:
• Exporting is the most appropriate mode of entry in international business to an enterprise with little experience in international markets.
• In the case, the company need not make any investment overseas.
• This strategy requires direct foreign investment from the company.
• Thus, exporting is the cheapest mode available among the rest and is preferable to a business enterprise with little experience of international market
• Under this strategy, the company exports the product from its home base, without any marketing or production or organization overseas.

67. Which of the following are the rights of a Statutory Auditor?

(A) To receive remuneration
(B) To attend Board of Directors' Meeting
(C) To attend the General Meeting
(D) To visit the branch office
Choose the correct answer from the following:

Correct Answer: (c) (A), (C) and (D)
Solution:

Statutory Rights of an Auditor:
•Right to access to books of accounts.
• Right to obtain information and explanations.
• Right to make suggestions to the board.
• Right to visit branches.
• Right to receive notice and attend meetings.
• Right to sign the audit report.
• Right to remuneration. Right to be indemnified.
• Right to take legal and technical advise.

68. Peter F. Drucker noted the relationship between selling and marketing in which of the following terms?

Correct Answer: (b) The aim of marketing is to make selling superfluous
Solution:

In management (1973), he wrote, "There will always, one can assume, be a need for some selling. But the aim of marketing is to make selling superfluous. The aim of marketing is to known and understand the customer so well that the product or service fits him and sells itself".

He expanded on this by saying. "Ideally, marketing should result in a customer who is ready to buy. All that should be needed then is to make the product or service available, i.e. logistics rather than salesmanship, and statistical distribution rather than promotion".

69. For a very large population the ratio between SEₓ and σ is 8:40. The Sample size n will be

Correct Answer: (b) 25
Solution:

70. Match List-I with List-II :

Choose the correct option from those given below: 

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

The following are the right match List I to List II