NTA UGC NET/JRF Exam, June 2020 Commerce (Evening-Shift)

Total Questions: 100

91. Who among the following monitors the compliance of SEBI regulations by the mutual fund?

A mutual fund is a special type of investment institution which acts as an investment conduit. It pools the savings of relatively small investors in a well- diversified portfolio of sound investment.

Mutual funds issue securities (known as units) to the investors (known as unit-holders) in accordance with the quantum of money invested by them. The profit (or losses) are shared by the investors in proportion to their investments.

A mutual fund is set up in the form of a trust which has (i) a sponsor, (ii) trustee, (iii) Asset Management Company (AMC) and (iv) custodian. The trust is established by the sponsor who is like promoter of a company.

The trustees of the mutual fund hold its property for the benefit of unit-holders. The trustees are vested with the general power of superintendence and direction over AMC. They monitor the performance and compliance of the SEBI regulations by the mutual fund.

The AMC manages the funds by making investment in various types of securities. The Custodian holds the securities of the various schemes of the mutual fund in its safe custody.

As an investment intermediary, mutual funds offer a variety of services/advantages to the relatively small investors who, on their own, cannot successfully construct and manage an investment portfolio mainly due to their own, cannot successfully construct and manage an investment portfolio mainly due to the small size of their funds, lack of expertize/experience and so on.

These inter-alia, include convenience in terms of lower denomination of investment and liquidity, lower risk through diversification, export management and reduced transaction cost due to economies of scale.

Correct Answer: (b) Trustee
Solution:

From the passage 'The trustees of the mutual fund hold its property for the benefit of unit-holders. The trustees are vested with the general power of superintendence and direction over AMC.

They monitor the performance and compliance of the SEBI regulation| by the mutual funds it is clear that trustees monitor the compliance with SEBI regulation.

92. The sponsor of a mutual fund is similar to

A mutual fund is a special type of investment institution which acts as an investment conduit. It pools the savings of relatively small investors in a well- diversified portfolio of sound investment.

Mutual funds issue securities (known as units) to the investors (known as unit-holders) in accordance with the quantum of money invested by them. The profit (or losses) are shared by the investors in proportion to their investments.

A mutual fund is set up in the form of a trust which has (i) a sponsor, (ii) trustee, (iii) Asset Management Company (AMC) and (iv) custodian. The trust is established by the sponsor who is like promoter of a company.

The trustees of the mutual fund hold its property for the benefit of unit-holders. The trustees are vested with the general power of superintendence and direction over AMC. They monitor the performance and compliance of the SEBI regulations by the mutual fund.

The AMC manages the funds by making investment in various types of securities. The Custodian holds the securities of the various schemes of the mutual fund in its safe custody.

As an investment intermediary, mutual funds offer a variety of services/advantages to the relatively small investors who, on their own, cannot successfully construct and manage an investment portfolio mainly due to their own, cannot successfully construct and manage an investment portfolio mainly due to the small size of their funds, lack of expertize/experience and so on.

These inter-alia, include convenience in terms of lower denomination of investment and liquidity, lower risk through diversification, export management and reduced transaction cost due to economies of scale.

Correct Answer: (c) Promoter of a company
Solution:

From the passage 'The trust is established by the sponsor who is like promoter of a company; clearly says that a sponsor is someone who is a promoter of the company.

93. AMC manages funds by investing in

A mutual fund is a special type of investment institution which acts as an investment conduit. It pools the savings of relatively small investors in a well- diversified portfolio of sound investment.

Mutual funds issue securities (known as units) to the investors (known as unit-holders) in accordance with the quantum of money invested by them. The profit (or losses) are shared by the investors in proportion to their investments.

A mutual fund is set up in the form of a trust which has (i) a sponsor, (ii) trustee, (iii) Asset Management Company (AMC) and (iv) custodian. The trust is established by the sponsor who is like promoter of a company.

The trustees of the mutual fund hold its property for the benefit of unit-holders. The trustees are vested with the general power of superintendence and direction over AMC. They monitor the performance and compliance of the SEBI regulations by the mutual fund.

The AMC manages the funds by making investment in various types of securities. The Custodian holds the securities of the various schemes of the mutual fund in its safe custody.

As an investment intermediary, mutual funds offer a variety of services/advantages to the relatively small investors who, on their own, cannot successfully construct and manage an investment portfolio mainly due to their own, cannot successfully construct and manage an investment portfolio mainly due to the small size of their funds, lack of expertize/experience and so on.

These inter-alia, include convenience in terms of lower denomination of investment and liquidity, lower risk through diversification, export management and reduced transaction cost due to economies of scale.

Correct Answer: (d) Various types of securities
Solution:

From the passage 'The AMC manages the funds by making an investment in various types of securities' it is clear that asset management company (AMC) manages the funds by investing funds in various types of securities.

94. Which Among the following is not a part of mutual fund trust?

A mutual fund is a special type of investment institution which acts as an investment conduit. It pools the savings of relatively small investors in a well- diversified portfolio of sound investment.

Mutual funds issue securities (known as units) to the investors (known as unit-holders) in accordance with the quantum of money invested by them. The profit (or losses) are shared by the investors in proportion to their investments.

A mutual fund is set up in the form of a trust which has (i) a sponsor, (ii) trustee, (iii) Asset Management Company (AMC) and (iv) custodian. The trust is established by the sponsor who is like promoter of a company.

The trustees of the mutual fund hold its property for the benefit of unit-holders. The trustees are vested with the general power of superintendence and direction over AMC. They monitor the performance and compliance of the SEBI regulations by the mutual fund.

The AMC manages the funds by making investment in various types of securities. The Custodian holds the securities of the various schemes of the mutual fund in its safe custody.

As an investment intermediary, mutual funds offer a variety of services/advantages to the relatively small investors who, on their own, cannot successfully construct and manage an investment portfolio mainly due to their own, cannot successfully construct and manage an investment portfolio mainly due to the small size of their funds, lack of expertize/experience and so on.

These inter-alia, include convenience in terms of lower denomination of investment and liquidity, lower risk through diversification, export management and reduced transaction cost due to economies of scale.

Correct Answer: (c) Depository
Solution:

From the passage 'A mutual fund is set up in| the form of trust which has-
(i) A sponsor
(ii) Trustee
(iii) Assets management company (AMC)
(iv) Custodian.
The 'Depository' is not mentioned in the passage, Hence it cannot be a part of the trust.

95. Mutual fund is

A mutual fund is a special type of investment institution which acts as an investment conduit. It pools the savings of relatively small investors in a well- diversified portfolio of sound investment.

Mutual funds issue securities (known as units) to the investors (known as unit-holders) in accordance with the quantum of money invested by them. The profit (or losses) are shared by the investors in proportion to their investments.

A mutual fund is set up in the form of a trust which has (i) a sponsor, (ii) trustee, (iii) Asset Management Company (AMC) and (iv) custodian. The trust is established by the sponsor who is like promoter of a company.

The trustees of the mutual fund hold its property for the benefit of unit-holders. The trustees are vested with the general power of superintendence and direction over AMC. They monitor the performance and compliance of the SEBI regulations by the mutual fund.

The AMC manages the funds by making investment in various types of securities. The Custodian holds the securities of the various schemes of the mutual fund in its safe custody.

As an investment intermediary, mutual funds offer a variety of services/advantages to the relatively small investors who, on their own, cannot successfully construct and manage an investment portfolio mainly due to their own, cannot successfully construct and manage an investment portfolio mainly due to the small size of their funds, lack of expertize/experience and so on.

These inter-alia, include convenience in terms of lower denomination of investment and liquidity, lower risk through diversification, export management and reduced transaction cost due to economies of scale.

Correct Answer: (a) Investment intermediary
Solution:

From the first sentence of the passage 'A mutual fund is a special type of investment institution; which acts as an investment conduit. Which indicates that a mutual fund is an investment intermediary. Conduit channel, intermediary.

96. Hiring the right people for organization like Taj hotel requires which of the following?

The famous Taj palace hotel and towers became the centre of one of the most deadly terrorist attacks in the Indian- Sub Continent on 26 Nov. 2018. The employee's behaviour during the crisis saved the lives of nearly 300 guests.

The condition of Taj after this was so disastrous that it would have been profit profitable to leave the hotel as it was rather than reopening it. However, Taj made remarkable effort of recovering not just to restore its damaged installations but also to ensure customer satisfaction as well as to uplift the spirit of all employees and staff.

The employee at Taj is viewed as an asset and is the real profit centre. "The criterion of the Taj people philosophy displays our commitment to and belief in our people" says Bernard Martyris, is former senior VP, HR, In it is "Special Thanks and Recognition System" (STARS) it aims at rewarding employees across all levels.

The employee can eamn points on the recommendation of colleagues of colleagues or guests. Taj People Philosophy (TPP) covered all the aspects of and employee career planning from his joining till the death.

Taj also implemented the popular performance management system called Balance Score Card in which employee could reviews his performance and make improvements./

A. Compete to get best employees
B. Hire for competency and inclination
C. Be the most preferred employer
D. Choose the most talented
Choose the correct option:  

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

Hiring the right people for organization like Taj hotel requires which of the following-
(i) Compete to get best employees
(ii) Hire for competency and inclination
(iii) Be the most preferred employer

97. Developing the employees to provide service quality does require which of the following?

The famous Taj palace hotel and towers became the centre of one of the most deadly terrorist attacks in the Indian- Sub Continent on 26 Nov. 2018. The employee's behaviour during the crisis saved the lives of nearly 300 guests.

The condition of Taj after this was so disastrous that it would have been profit profitable to leave the hotel as it was rather than reopening it. However, Taj made remarkable effort of recovering not just to restore its damaged installations but also to ensure customer satisfaction as well as to uplift the spirit of all employees and staff.

The employee at Taj is viewed as an asset and is the real profit centre. "The criterion of the Taj people philosophy displays our commitment to and belief in our people" says Bernard Martyris, is former senior VP, HR, In it is "Special Thanks and Recognition System" (STARS) it aims at rewarding employees across all levels.

The employee can eamn points on the recommendation of colleagues of colleagues or guests. Taj People Philosophy (TPP) covered all the aspects of and employee career planning from his joining till the death.

Taj also implemented the popular performance management system called Balance Score Card in which employee could reviews his performance and make improvements./

A. Training of employees
B. Continuous interaction with employee
C. Setting standard for employees
D. Recognize and reward the employees across all levels
Choose the correct option: 

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

Developing the employees to provide service| quality does require which of the following-
(i) Training of employees
(ii) Continuous interaction with employer
(iii) Setting standard for employees
(iv) Recognize and reward the employees across all levels.

98. Providing necessary support system for employees require which of the following?

The famous Taj palace hotel and towers became the centre of one of the most deadly terrorist attacks in the Indian- Sub Continent on 26 Nov. 2018. The employee's behaviour during the crisis saved the lives of nearly 300 guests.

The condition of Taj after this was so disastrous that it would have been profit profitable to leave the hotel as it was rather than reopening it. However, Taj made remarkable effort of recovering not just to restore its damaged installations but also to ensure customer satisfaction as well as to uplift the spirit of all employees and staff.

The employee at Taj is viewed as an asset and is the real profit centre. "The criterion of the Taj people philosophy displays our commitment to and belief in our people" says Bernard Martyris, is former senior VP, HR, In it is "Special Thanks and Recognition System" (STARS) it aims at rewarding employees across all levels.

The employee can eamn points on the recommendation of colleagues of colleagues or guests. Taj People Philosophy (TPP) covered all the aspects of and employee career planning from his joining till the death.

Taj also implemented the popular performance management system called Balance Score Card in which employee could reviews his performance and make improvements./

A. Friendly environment
B. Providing all the equipment and system needed by employees to deliver service
C. Internal controls
D. Service oriented process
Choose the correct option:  

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

Providing necessary support system for employees require which of the following.
(i) Providing all the equipment and system needed by employees to deliver service
(ii) Internal controls
(iii) Service oriented process

99. Retaining the best people by Taj did not include

The famous Taj palace hotel and towers became the centre of one of the most deadly terrorist attacks in the Indian- Sub Continent on 26 Nov. 2018. The employee's behaviour during the crisis saved the lives of nearly 300 guests.

The condition of Taj after this was so disastrous that it would have been profit profitable to leave the hotel as it was rather than reopening it. However, Taj made remarkable effort of recovering not just to restore its damaged installations but also to ensure customer satisfaction as well as to uplift the spirit of all employees and staff.

The employee at Taj is viewed as an asset and is the real profit centre. "The criterion of the Taj people philosophy displays our commitment to and belief in our people" says Bernard Martyris, is former senior VP, HR, In it is "Special Thanks and Recognition System" (STARS) it aims at rewarding employees across all levels.

The employee can eamn points on the recommendation of colleagues of colleagues or guests. Taj People Philosophy (TPP) covered all the aspects of and employee career planning from his joining till the death.

Taj also implemented the popular performance management system called Balance Score Card in which employee could reviews his performance and make improvements./

Correct Answer: (b) Promoting them out of turn
Solution:

Retaining the best people by Taj did include-
(i) Make the employees a part of your vision.
(ii) Consistently rewarding employees.
(iii) Treating employees as customers so that their satisfaction can be taken care of.

100. Which approach did not help Taj to restore its glory?

The famous Taj palace hotel and towers became the centre of one of the most deadly terrorist attacks in the Indian- Sub Continent on 26 Nov. 2018. The employee's behaviour during the crisis saved the lives of nearly 300 guests.

The condition of Taj after this was so disastrous that it would have been profit profitable to leave the hotel as it was rather than reopening it. However, Taj made remarkable effort of recovering not just to restore its damaged installations but also to ensure customer satisfaction as well as to uplift the spirit of all employees and staff.

The employee at Taj is viewed as an asset and is the real profit centre. "The criterion of the Taj people philosophy displays our commitment to and belief in our people" says Bernard Martyris, is former senior VP, HR, In it is "Special Thanks and Recognition System" (STARS) it aims at rewarding employees across all levels.

The employee can eamn points on the recommendation of colleagues of colleagues or guests. Taj People Philosophy (TPP) covered all the aspects of and employee career planning from his joining till the death.

Taj also implemented the popular performance management system called Balance Score Card in which employee could reviews his performance and make improvements./

Correct Answer: (a) Collective bargaining
Solution:

Help for the Taj to maintain its pride came from the following-
(i) Customer retention
(ii) Treating employee as customer
(iii) Implementation of performance management