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

Total Questions: 100

81. Under which of the following situations, economies of scale exists to the potential and persists?

Correct Answer: (d) When long-run cost of producing a unit falls as the output increases
Solution:

Economics of scale has the following effects:
• It reduces the per-unit fixed cost. As a result of increased production, the fixed cost gets spread over more output than before.
• It reduces per-unit variable costs. This occurs as the expanded scale of production increases the efficiency of the production process.

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

Statement (I): The arithmetic mean is an all purpose average.
Statement (II: Median and mode are called positional averages.

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

Statement-I: The arithmetic mean is an all purpose average are the correct, because the arithmetic mean is the average of all the items in a series, it is the simplest measure of central tendency.
Statement-II: Median and mode are called positional averages are the correct because it represents the static position any no. series.
-Therefore, both the statement (I) and (II) are correct.

83. Building long-term mutually satisfying relations with key customers, suppliers, distributors in order to earn and retain their long-term preference and business is known as

Correct Answer: (a) relationship marketing
Solution:

• Relationship marketing is facet of customer relationship management (CRM) that focuses on customer loyalty and long-term customer engagement rather than shorter-term goals like customer acquisition and individual sales.

• The goal of relationship marketing is to create strong, even emotional customer connections to a brand that can lead to ongoing business, free word-of mouth promotion and information from customers that can generate leads.

84. 'Doctrine of Caveat Emptor' means

Correct Answer: (b) buyer should be beware of all aspects of buying
Solution:

'Doctrine of Caveat Emptor'-
The doctrine of caveat emptor means let the buyer beware this means that will purchasing goods must at with "Third eye and ear".
If the buyer is not careful and he finds latter on that the goods not serve his purpose he cannot hold the seller liable for it.
He should be careful to see that the goods purchase with some his purpose sale.

85. Redeemable preference shares of ₹2,00,000 are to be redeemed at par for which fresh equity shares of ₹80,000 are issued at a discount of 10%. What amount should be transferred to Capital Redemption Reserve Account?

Correct Answer: (c) ₹1,28,000
Solution:

Transfer to capital redemption reserve account = preference shares redemption amount - fresh equity shares amount

86. A firm consumes ₹90,000 units of a certain item of raw material in its production process annually. It costs ₹3 per unit, the cost per purchase order is ₹300 and the inventory carrying cost is 20% per year. What is the EOQ?

Correct Answer: (b) 9487 units
Solution:

87. SUGAM is also known as

Correct Answer: (d) ITR-4
Solution:

SUGAM: ITR - 4 S form if you have chosen the presumptive income scheme as per section 44AD and 44AE of the income tax act, 1961. If you have small business, then instead of maintaining books of accounts you declare your income on a presumptive basis, rather than on an actual basis. As per presumptive taxation, your income is calculated on a percentage sales. The due date for filing this form is 31 July of every year.

88. Following are the events of an organizational culture:

(A) Customer orientation and employee policies
(B) Quality orientation, directing and motivating styles
(C) Decision-making, products and services and responsibilities to society
(D) Reaction to competitors and gratitude towards nation
(E) Role ambiguities, trade union and policies
Select the correct sequence for the above events: 

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

Organizational culture: is defined as the underlying beliefs, assumptions, values and ways of interacting that contribute to the unique social and psychological environment of organisation.
- The following are the events that come under organization culture.
• Customer orientation and employee policies.
• Quality orientation, directing and motivating styles.
• Decision-making, products and service and responsibilities to society.
• Reaction to competitors and gratitude towards nation.

89. The channel alternative is NOT to be assessed on the basis of

Correct Answer: (d) accumulation criteria
Solution:

The channel alternative is NOT to be assessed on the basis of accumulation criteria.

• A firm must identify the type of channel members available to carry out its channel work in terms of type of intermediaries number of intermediaries and responsibility of each.
• After identifying the channels the company must evaluate them against economic, control and adaptive criteria.

90. Study the following information:

Covariance between X and Y series = -17.8
Standard deviation of X series = 6.6
Standard deviation of Y series = 4.2
No. of pairs of observation = 20
The coefficient of correlation is

Correct Answer: (a) -0.642
Solution:

Karlpearson's correlation coefficient formula-