UGC NTA NET/JRF Exam, Management, June-2020

Total Questions: 100

31. Which one of the following is NOT a method of primary data collection?

Correct Answer: (d) Documents
Solution:

Interview, Questionnaire, Delphi technique is a primary Data method of collection, while documents is the secondary data collection method.
Hence, option (d) is correct answer.

32. One use of a regression line is

Correct Answer: (d) To estimate the change in y for a one-unit change in x.
Solution:

A regression line is a estimate of the line that describe the true but unknown, linear relationship between two variables.
A Regression line is a straight line that describe how a response variable 'y' change as an Explanatory Variable 'x' change. A regression line can be used to predict the value of 'g' for a given value of 'x'.

33. Which of the following international Trade theories, the 'Leontief Paradox' pertains to

Correct Answer: (c) Heckscher- Ohlin theory.
Solution:

The Heckscher-ohlin theorem made a generalization that capital-abundant countries export capital- Intensive goods while labor-Abundant countries export labor-Intensive goods. In contradiction to this rule Leontief experimented and found American participation in the International division of labor is based on specilization in labor-Intensive rather than capital-Intensive line of production in other words, this country resorts to foreign trade to economies its capital and on the country.
It disposes of its surplus labor.

34. FDI in multi-brand retailing in India is

Correct Answer: (d) Capped to 51% but under Automatic Route with few strings attached.
Solution:

In India, FDI is single brand retailing is permitted up to 100%, whereas in multi brand retailing, it is allowed upto fill 51% only.
Hence, option (d) is correct answer.

35. The current Foreign Trade Policy (FTP) announced by Government of India covers the policy period

Correct Answer: (d) 2015-2020
Solution:

India's foreign trade policy period was 2015- 20. Which was extended by two years till 2022. In the year 2022, its duration has been extended again.

36. An information system that captures and records fundamental business events is a(n)

Correct Answer: (a) Transaction Processing System.
Solution:

A transaction processing system (TPS) is a type of information system that collects, store, modifies and retrieves the data transactions of an enterprise. In TPS captures and Records fundamental business events.
Hence, option (a) is correct answer.

37. Under the Sick Industrial companies (Special Provision) Act, 1985, a sick Industrial company means

Correct Answer: (b) Being a company registered for not less than 5 years which has at the end of any financial year accumulated losses equal to or exceeding its entire net worth.
Solution:

The Sick Industrial Companies Act (SICA) of 1985 was an important legislation to deal with India's Industrial sickness epidemic, the sick industrial enterprises act 1985 (SICA) was enacted to detect unviable (sick) company in India.
Being a company registered for not less than 5 years which has at the end of any financial year accumulated losses equal to or exceeding its entire net worth is a sick industrial company.

38. Disruptive innovations in business are those that

Correct Answer: (d) All of the above.
Solution:

Disruptive innovation is an innovation that simplifies and makes more affordable product and services to undesirable or ignored market.
Create a new market by offering value product, involve often, new technology or a new business model to offer value to the market, displace established market leading firms product alliance is a characteristics of disruptive innovation business.

39. Marketing Support/Assistance to MSMEs for Bar Code allows

Correct Answer: (d) Reimbursement of 75% of the one-time registration fee and 75% of the annual recurring fee for first three years paid by MSMEs to GSI India for barcoding.
Solution:

Those MSMEs who have Entrepreneurial memorandum part-II acknowledgement number from Directorate of industry District Industries centers and also have registration with GS1 India for use of Bar Codes are Eligible for 75% reimbursement of one time registration fee and annual recurring fee paid.
Hence, Answer (d) correct.

40. The MSMED Act to cover micro, small and medium Industries in India was introduced in

Correct Answer: (a) June, 2006
Solution:

MSMED Act Introduced in June 2006. It aims at facilitating the promotion, development and enhancing the competitiveness of micro small and medium entreprises.