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

Total Questions: 100

61. What is a social enterprise concerned with?

A. Profit Maximization.
B. Maximizing Market Share.
C. Providing Public Service.
D. Running a business to create social benefits.
E. To maximize improvements in financial, social and environmental well-being.
Choose the most appropriate answer from the options given below

Correct Answer: (c) D and E only
Solution:

A social enterprise or social business is defined as a business with specific social objective that serve its primary purpose. Social enterprise seek to maximize profit while maximizing benefits to society and the environment, and the profit are principally used to fund social programm.
Hence, statement D and E is correct.

62. At the time of exporting goods from India, what documents are to be filed for custom clearance of goods?

A. Shipping bill.
B. Airway bill.
C. Invoice (Commercial Invoice).
D. Packing list
E. Marine Insurance Policy.
Choose the correct answer from the options given below:

Correct Answer: (b) A, B, C, D only
Solution:

List of the document for the custom clearance-
→ Proforma Invoice
→ Customs packing list
→ Country of origin certificate
→ Customs Invoice
→ Shipping Bill
→ Bill of Lading
→ Bill of sight
→ Shipping Bill
→ Insurance policy
→ Export License etc.

63. Identify the techniques of Artificial Intelligence from the following :

A. Artificial Neural Networks.
B. Heuristics
C. Fuzzy models.
D. Support Vector.
E. Genetic Algorithms.
Choose the most appropriate answer from the options given below :

Correct Answer: (b) A, C, E only
Solution:

Artificial Intelligence is the simulation of human Intelligence process by machine, especially computer system. Artificial Neural Network, Fuzzy models, Genetic Algorithms is the techniques of AI.

64. International Cooperation Scheme under marketing promotion scheme to MSME entrepreneurs is available for what type of activities?

A. Participation in International exhibitions, trade fairs.
B. Giving advertisements in international trade journals.
C. Participation in buyer-seller meets in foreign countries.
D. For meeting overseas agents and negotiating business.
E. For availing overseas grants and aids.
Choose the most appropriate answer from the options given below:

Correct Answer: (a) A, and C only
Solution:

International Cooperation Scheme is a demand driven scheme under which financial assistance is provided on reimbursement basis to the eligible state/central government organisation and registered Industry Association, societies/trusts associated with promotion and development of MSME sector. As per the existing guideline, the eligible organisation are facilated for visit/participation of MSME in international exhibitons/ trade fairs/buyer-seller meets etc.
Option (a) is correct.

65. The statement "Entrepreneurship is a mother of foresight and willingness to assume risks in undertakings particularly a new one". Who has said above the underlined portion of the statement?

A. Richard Cantillon.
B. Leon Walras.
C. William Diamond.
D. Peter F.Drucker.
E. J.A. Schumpeter.
Choose the correct answer from the options given below :

Correct Answer: (a) A, C only
Solution:

"Entrepreneurship is a mother of foresight and willingness to assume risks in undertakings particularly a new one". This statement given by Richard cantillon and William Diamond.

66. Math List I with List II

     Item  Term   Description
 A Consumer Clinics I. Consumer shop in a store simulated on the computer screen by touching product image.
 B Marketing Experiments II. It is the simulation of consumer behaviour using compute models based on the theory of complexity.
 C Virtual shopping III. These are conducted in the actual market place with similar socioeconomic characteristic
 D Virtual management IV. These are laboratory experiments in which the participant given some money.

Choose the correct answer from the options given below:

Correct Answer: (b) A-IV, B-III, C-I, D-II
Solution:
 Item  Term Description
 A  Consumer Clinics IV. These are laboratory experiments in which the participant given some money.
 B Marketing Experiments III. These are conducted in the actual market place with similar socioeconomic characteristic
 C Virtual shopping I. Consumer shop in a store simulated on the computer screen by touching product image.
 D Virtual management II. It is the simulation of consumer behaviour using compute models based on the theory of complexity.

67. Match List I with List II

  List I (Life Position)  List II (Behavior Pattern)
 A. I am OK, you are OK I. Avoidant
 B. I am OK, you are not OK II. Bossing
 C. I am not OK, you are OK III. Competent
 D. I am not OK, you are not OK IV. Diffident

Choose the correct answer from the options given below:

Correct Answer: (b) A-III, B-II, C-IV, D-I
Solution:

Correct Matching

   List I (Life Position)  List II (Behavior Pattern)
 A. I am OK, you are OK   III. Competent
 B. I am OK, you are not OK  II. Bossing
 C. I am not OK, you are OK  IV. Diffident
 D. I am not OK, you are not OK  I. Avoidant

Hence option (b) is correct match.

68. Match List I with List II

  List-I    List-II
 A. Relative concept  I. In planning for welfare, the Individual alone should not be taken into consideration.
 B. Positive concept  II. Labour welfare is a desirable state of existence comprehending physical, mental moral and emotional health or well being.
 C. Social concept  III. Welfare connotes at least minimum desirable conditions of existence cobiologically and socially determined.
 D. Total concept  IV. Welfare work differs over time and place.

Choose the correct answer from the options given below:

Correct Answer: (d) A-IV, B-III, C-I, D-II
Solution:

Correct Matching.

    List-I   List-II
  A. Relative concept   IV. Welfare work differs over time and place.
  B. Positive concept   III. Welfare connotes at least minimum desirable conditions of existence cobiologically and socially determined.
  C. Social   concept   I. In planning for welfare, the Individual alone should not be taken into consideration.
  D. Total concept  II. Labour welfare is a desirable state of existence comprehending physical, mental moral and emotional health or well being.

69. Match List I with List II

   List I (Accounting Standard)   List II (Description)
 A. Ind. AS 8 I. Statement of cash flows.
 B. Ind. AS 110 II. Accounting Policies, Changes in Accounting Estimates and Errors.
 C. Ind. AS 7 III. Related Party Disclosure.
 D. Ind. AS 24 IV. Consolidated Financial Statements.

Choose the correct answer from the options given below:

Correct Answer: (c) A-II, B-IV, C-I, D-III
Solution:

Correct Matching.

  List I (Accounting Standard)  List II (Description)
 A. Ind. AS 8 II. Accounting Policies, Changes in Accounting Estimates and Errors.
 B. Ind. AS 110 IV. Consolidated Financial Statements.
 C. Ind. AS 7 I. Statement of cash flows.
 D. Ind. AS 24  III. Related Party Disclosure.

Hence, option (c) is correct.

70. Match List I with List II

   List-I   List-II
 A. Value creation  I. Time value of money.
 B. Value protection   II. Options and futures .
 C. Asset pricing  III. Merger and Acquisitions.
 D. Price discovery  IV. CAPM and APT

Choose the correct answer from the options given below:

Correct Answer: (a) A-III, B-I, C-IV, D-II
Solution:

Correct Matching.

   List-I   List-II
  A. Value creation  III. Merger and Acquisitions.
  B. Value protection   I. Time value of money.
  C. Asset pricing  IV. CAPM and APT
  D. Price discovery  II. Options and futures .