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

Total Questions: 100

71. Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI), 2005,?

Correct Answer: (c) File noting
Solution:

'Information' as per RTI, Act 2005: The type of information which may be obtained is defined under section 2(f) of the act as any material in any form, including records, document, memos, e-mails, opinions, advices, press releases, circular, orders, log books, contract, reports papers, samples, models, data material held in electronic form and information relating to any private body which can be accessed by a public authority under any other law for the time being in force.

72. Amount unutilized in capital gain account scheme for which exemption claimed u/s 54 shall be treated as long-term capital gain, if

Correct Answer: (c) 3 years have expired from the date of transfer
Solution:

Following conditions should be satisfied to claim the benefit of section 54.

• The benefit of section 54 is available only to an individual or HUF.
• The asset transferred should be a long-term capital assets, being a residential house property.
• Within a period of one year before or two year after the date of transfer of the old house.

The taxpayer should acquire another residential house or should construct a residential house within a period of three year from the date of transfer of the old house.

In the case of compulsory acquisition, the period of acquisition or construction will be determined from the date of receipt of compensation (whether original or additional).

73. The current market price of a company's share is ₹90 and the expected dividend per share next year is ₹4.5. If the dividend is expected to grow at a constant rate of 8%, the shareholder's required rate of return will be

Correct Answer: (d) 13%
Solution:

Shareholder's required return = (D1/Po×100) +G
Where, D1 = Expected dividend for next year
Po  = Current market price of share
G = Growth rate
Shareholder's required return = (4.5/90×100) +8
= 5+8 = 13%

74. 'Motivation-force or level of efforts is not equal to satisfaction and performance' is propounded by

Correct Answer: (a) Porter-Lawler model
Solution:

• Porter-Lawler Model: This model has been practically applied also in their study of managers. This is a multivariate model which explains the relationship that exists between job attitudes and job performance.

• Infact, porter and Lawler's theory is an improvement over vroom's theory. They say that motivation does not equal satisfaction or performance.
The model suggested by them encounters some of the simplistic traditional assumptions made about the positive relationship between satisfaction and performance.

75. Which one is NOT true regarding the Market Stabilization Scheme (MSS)?

Correct Answer: (d) MSS account liquidity can be used for normal government expenditure of capital nature
Solution:

Market stabilization scheme (MSS):
The MSS was launched by the RBI in April 2004
There was certain background due to which the MSS was introduced.
To mop up this excess liquidity, the RBI used its huge stock of government securities.
But over a period of time, this stock of securities held with RBI come down.
Under the MSS, the government issues T-bills in addition to its normal borrowing requirements.
The amounts raised under the MSS will be held in a separately identifiable cash account entitled MMS account.
The MSS will curb short-term volatility in the forex market.

76. If two regression coefficients are -0.8 and -0.2, then the value of coefficient of correlation is

Correct Answer: (d) -0.40
Solution:

The geometric mean between the two regression coefficients is equal to the correlation coefficient.

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

Statement (I): Though closely related, job evaluation and performance appraisal are not the same.
Statement (II): The purpose of job evaluation is to fix the remuneration and other relevant benefits.

Correct Answer: (a) Both the Statements (I) and (II) are correct
Solution:

Job evaluation and performance appraisal are closely related in the sense that they both help in the determination of salary/wages.
Statement-I: Though closely related job evolution and performance appraisal are not the same. Thus, the statement are correct.
Statement-II: The purpose of job evolution is to fix the remuneration and other relevant benefits. Thus, the statement are correct.

78. Shopping goods have which of the following features?

(A) These products are generally durable in nature
(B) Consumers generally compare the goods of various sellers and the buy such goods
(C) Per unit price of these goods is generally high
(D) These goods are regularly and continuously in demand
(E) These goods are sold as a result of aggressive promotional efforts
Choose the right answer from the options given below:

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

Shopping goods features:
•These products are generally durable in nature.
• Consumers generally compare the goods of various sellers and the buy such goods.
• Per unit price of these good is generally high.
• Purchase of shopping products are usually preplanned and there is a small degree of impulse buying in these products.

79. Quantitative import restrictions that limit the quantity of a product being imported is called

Correct Answer: (b) quota
Solution:

Quota: A quota is a government-imposed trade restriction that limits the no. or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
• Quota are quantitative restrictions on imports and exports of certain goods.
• An import quota is an NTB that places a direct restriction on the quantity of some goods that can be imported.

80. A 'Sale and lease back' arrangement is more suitable for a lessee having

Correct Answer: (a) liquidity crisis
Solution:

Who uses leasebacks and why:-
• The most common users of sale-lease backs are builders or companies with high-cost fixed assets and one having liquidity crises- like property, land, or large expensive equipment.
• As such, lead backs are common in the building and transportation industry and the real state and aerospace sectors.