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

Total Questions: 100

11. Mx. X is entitled to transport allowance of Rs. 1800 p.m. for commuting from his residence to office and back and he spends Rs. 1,400 p.m. The exemption shall be allowed of

Correct Answer: (c) Rs. 1,600 p.m.
Solution:

Section 10(14) read with Rule 2 BB provides for exemption of transport allowance. The amount of exemption is as follows:-

12. Beliefs, attitudes, traditions and expectations which are shared by group members is called

Correct Answer: (a) Group norms
Solution:

Group norms:- Group norms develops and follow its own beliefs, attitudes, traditions, and) expectations for now the things in the group will be done.

This pattern and expectations of the group are known as Group norms.

Group norms are nothing but ground rules that encourages group members to work efficiently and) discourage behavior that hinders its effectiveness.

13. Which of the following method of training is NOT a part of the off- the job training method?

Correct Answer: (c) Apprenticeship
Solution:

Two types of the traning method-

14. In a moderately skewed distribution which of following equation indicates the relationship among mean, median and mode?

Correct Answer: (b) Mode = 3 Median - 2 Mean
Solution:

he relationship between mean, median and| mode can be defined in four different cases: In the case of a moderately skewed distribution.

The empirical relationship can be written as:
mean-mode = 3 (mean-median)
∴ mean-mode = 3 mean - 3 median
∴ mean - 3 mean = -3 median + mode
∴ -2 mean = -3 median + mode
[Mode = 3 median —2 mean]

15. If on an average, 2 customers arrive at shopping mall per minute, what is the probability that in a given minute, exactly 3 customers will arrive? (e⁻² = 0.1353)

Correct Answer: (a) 0.1804
Solution:

16. Goodness of fit of a distribution is tested by

Correct Answer: (c) Chi - square test
Solution:

The most common goodness-of-fit test the chi-square test, typically used for discrete distributions.

The Chi-square test is used exclusievely for data put| into classes (bins), and it requires a sufficient sample size in order to produce accurate result.

Goodness-of-fit tests are commonly used to test for the normality of residuals or to determine whether two samples are gathered from identical distortions.

17. In a survey people are choosed from class friends or neighbors for the purpose of knowing their preference for a certain brand of soft drink is an example of

Correct Answer: (a) Convenience sampling
Solution:

A convenience sample is a type of non-probability sampling method where the sample is taken from a group of people easy to contract or to reach. This type of sampling is also known as grab sampling or availability sampling. There are no other criteria to the sampling method except that people be available and willing to participate.

18. The following information is available for Ravi corporation

EPS - Rs4
ROI - 18%
Rate of return required by shareholders - 15% What will the price per share as per Walter model if the payout ratio is 40%?

Correct Answer: (a) Rs.29.87
Solution:

19. Suppose that a firm has 20% debts and 80% equity in its capital structure. The cost of debts and cost of equity are assumed to be 10% and 15% respectively. What is the overall cost of capital?

Correct Answer: (d) 14%
Solution:

Given —
Debt = 20%,
Equity = 80%,
Debt = 10%
Cost of equity = 15%
'Weighted Average Cost Capital =
(Debt × Cost of Debt) + (Equity × Cost of Equity)
= (20% × 10%) + (80% × 15%)
= 2%+12%
WACC = 14%

20. A Ltd. has a share capital of 5,000 equity shares of Rs. 100 each having a market value of Rs. 150 per share. The company wants to raise additional funds of Rs. 1,20,000 and offers to the existing shareholders the right to apply for a new share at Rs. 120 for every five share held. ‘What would be the value of right?

Correct Answer: (a) Rs. 5
Solution:

No. of Right shares: 1
Total shares = Existing + New share=5+1=6
Value of right = (No. of right share/total share) × (market value — issue price)
Value of right = (1/6) × (150-120)
∴ Value of right = 0.166667x30