NTA UGC NET/JRF Exam, December 2022 (Commerce) Shift-I

Total Questions: 100

51. Which of the following attributes are true in systems approach to performance appraisal?

A. Low degree of formality
B. Occasional appraisal frequencies
C. Individual-oriented reward practices
D. Facilitative leadership practices
E. Problem solving as primary goal
Choose the most appropriate answer from the options given below:

Correct Answer: (a) A, D and E only
Solution:

Explanation:
The true attributes in system approach to performance appraisal are:-
• Low degree of formality
• Facilitative leadership practices
• Problem solving as primary goal

52. Which of the following are the distinct features of the Principles of Management?

A. Flexibility
B. Universal application
C. Principles are absolute, not relative
D. Based on situation
E. Derived out of experience
Choose the correct answer from the options given below:

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

The features of the principles of management are :-
• Flexibility
• Universal application.
• Based on situation.
• Derived out of experience.
• Based on cause and effect relationship.
• General guidelines.
• Principles are relative, not absolute.

53. According to Henri Fayol, which of the following are the Principles of Management?

(A) Discipline
(B) Decentralization
(C) Unity of Command
(D) Equity
(E) Instability of Tenure
Choose the correct answer from the options given below:

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

According to Henri Fayol, the principle of management are:-
• Division of work.
• Authority and responsibility.
• Discipline.
• Unity of Command.
• Unity of Direction.
• Subordination of Individual Interest.
• Remuneration.
• Centralization.
• Scalar chain.
• Order.
• Equity.
• Stability.
• Initiative.
• Esprit de corps.

Henri Fayol, is known as the father of modern management. He suggested the 14 principles of management stated above.

54. Which of the following are the functions of Reserve Bank of India?

(A) Issue of Currency
(B) Accepting Deposits
(C) Banker of Government
(D) Bankers Bank
(E) Credit Control
Choose the correct answer from the options given below:

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

The functions of Reserve Bank of India are:-
• Issue of currency.
• Banker of Government.
• Bankers Bank.
• Credit Control.

55. For ongoing maintenance of regulatory capital, which of the following risks were covered by Pillar-I Minimum Capital Requirement?

(a) Credit Risk
(b) Financial risk
(c) Operation Risk
(d) Market Risk
(e) Reputational Risk
Choose the correct answer from the options given below:

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

There are three pillars under basel-II.
The first pillar deals with maintenance of regulatory capital calculated for three major components of risk that a bank faces: Credit risk, operational risk, and market risk.
The second pillar deals with Supervisory Review and Evaluation process.
The third pillar deals with market discipline and disclosure.

56. Which of the following are the advantage of Mobile Banking?

(A) Insecure
(B) Fraud reduction
(C) Time saving
(D) Separate internet required
(E) Increased efficiency
Choose the most appropriate answer from the options given below:

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

Mobile banking is the practise of accessing and managing one's bank accounts and carrying out different financial transactions via a mobile device, such as a smartphone or tablet.
The advantages of mobile Banking are fraud reduction, time saving and increased efficiency.

57. Which of the following are to be determined to estimate current market demand?

(A) Total Market Potential
(B) Area Market Potential
(C) Analyze past sales
(D) Sales force’s input
(E) Market share
Choose the most appropriate answer from the options given below:

Correct Answer: (d) A, B and E only
Solution:There are several methods of estimating current market demand. They are: estimation of total market potential, estimation of area market potential, and estimation of industry sales and market shares.

58. Which of the following are social factors influencing consumer's behavior?

A. Culture
B. Social class
C. Groups
D. Family
E. Roles and Status
Choose the most appropriate answer from the options given below:

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

Social factors influencing consumer's behavior include:-
• Family → An individual tends to have similar buying habits and similar taste and consumption patterns as he gets within the family.
• Groups → It includes co-workers, relatives, friends which influence the buying decisions of consumers.
• Role and status → The social status of an individual influences his consumption pattern. An individual from an upper middle class would spend on luxurious items and an individual from lower class would buy items required for survival.

59. Which of the following are true when an organization uses intensive distribution of its products?

A. Customers are moderate in number
B. Widespread market coverage
C. Customers are brand-conscious
D. Mass advertising
E. Pleasant shopping conditions
Choose the most appropriate answer from the options given below:

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

Intensive distribution is a marketing strategy in which businesses sell their products in a large number of retail locations to ensure widespread availability. It is done with the help of mass advertising. It ensures brand loyalty, improves sales and increases the presence of the product. Some example of intensive distribution are:- biscuits, wheat, chocolates, shaving cream, soaps, soft drinks etc.

60. As per RTI Act, 2005, Which of the following are exempted from disclosure [U/S 8 (1)]?

A. Information, the disclosure of which cause a breach of privilege of parliament or the state legislature.
B. The monthly remuneration received by employee
C. Information received in confidence from foreign government
D. Information which relates to personal information the disclosure of which has no relationship to any public activity or interest.
E. A statement of the categories of documents that are held by public authority or under its control.
Choose the correct answer from the options given below:

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

As per RTI Act, 2005, section 8(i) Exemption from Disclosure are:-
• Information, the disclosure of which cause a breach of privilege of parliament or the state legislature.
• Information received in confidence from a foreign government.
• Information which would lead to commission of an offence.
• Information which relates to personal information the disclosure of which has no relationship to any public activity or interest.
• Personal or private information, subject to larger public interest, to be decided by the public information officer.