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

Total Questions: 100

71. Match List I with List II

List I (Characteristic)LIST II (Leadership Mode)
A. Source of powerI. Power extension
B. Concept of powerII. Empowerment
C. Dominant needIII. Bulding culture
D. Managing styleIV. Multiplying

Choose the correct answer from the options given below:

Correct Answer: (a) A-II, B-IV, C-I, D-III
Solution:
List I (Characteristic)LIST II (Leadership Mode)
A. Source of powerII. Empowerment
B. Concept of powerIV. Multiplying
C. Dominant needI. Power extension
D. Managing styleIII. Building culture

72. Match List I with List II

List I(Application narratives) List II (Statistical distributions)
A.Time interval between successive arrival of customers in a queueI.Pareto distribution
B.Distribution of income, property and certain human abilities in a capitalistic societyII.Poisson distribution
C.Movement of stock prices and distributing of income in a socialistic societyIII.Exponential distribution
D.Distribution of rare events i.e. the probability of occurrence is very small but the number of trials are very largeIV.Lognormal distribution

Choose the correct answer from the options given below:

Correct Answer: (b) A-III, B-I, C-IV, D-II
Solution:
List I (Application narratives)LIST II (Statistical distributions)
A. Time interval between successive arrival of customers in a queueIII. Exponential distribution
B. Distribution of income, property and certain human abilities in a capitalistic societyI. Pareto distribution
C. Movement of stock prices and distributing of income in a socialistic societyIV. Lognormal distribution
D. Distribution of rare events i.e. the probability of occurrence is very small but the number of trials are very largeII. Poisson distribution

73. Match List I with List II

List I (Sales Promotion Method)LIST II (Goal)
A. Stock allowancesI. To incentivize customers to try a new product
B. PremiumsII. To incentivize stores to try a new product
C. SamplingIII. To incentivize stores to keep selling a product
D. AdvertisingIV. To incentivize customers to increase their consumption.

Choose the correct answer from the options given below:

Correct Answer: (a) A-II, B-IV, C-I, D-III
Solution:
List I (Sales Promotion Method)LIST II (Goal)
A. Stock allowancesII. To incentivize stores to try a new product
B. PremiumsIV. To incentivize customers to increase their consumption.
C. SamplingI. To incentivize customers to try a new product
D. AdvertisingIII. To incentivize stores to keep selling a product

74. Match List I with List II

List I (The Sale of Goods Act, 1930 Condition)LIST II (Section)
A. Sale by AuctionI. 15
B. Breach of WarrantyII. 27
C. Sale by DescriptionIII. 13
D. Transfer of TitleIV. 64

Choose the correct answer from the options given below:

Correct Answer: (a) A-IV, B-III, C-I, D-II
Solution:
List I (The sale of Goods Act, 1930 Condition)LIST II (Section)
A. Sale by AuctionIV. 64
B. Breach of WarrantyIII. 13
C. Sale by DescriptionI. 15
D. Transfer of TitleII. 27

75. Match List I with List II

List I (Income Tax Return)LIST II (Relationship with)
A. ITR -2I. For a company other than a company claiming exemption under section 11
B. ITR-6II. For presumptive business income covered u/s 44 AD and 44 AE
C. ITR-7III. For a person (including a company who are required to furnish return u/s 139 (4A) or 139 (4B) or 139 (4C) or 139 (4D)
D. ITR-4 (Sugam)IV. For individual and HUF not having income for business and profession.

Choose the correct answer from the options given below:

Correct Answer: (d) A-II, B-I, C-IV, D-III
Solution:
List I (Income Tax Return)LIST II (Relationship with)
A. ITR -2IV.For individual and HUF not having income for business and profession.
B. ITR-6I.For a company other than a company claiming exemption under section 11
C. ITR-7III.For a person (including a company who are required to furnish return u/s 139 (4A) or 139 (4B) or 139 (4C) or 139 (4D)
D. ITR-4 (Sugam)II.For presumptive business income covered u/s 44 AD and 44 AE

76. Sequence the following steps of the WTO dispute settlement system.

A. Retaliation
B. Implementation
C. Panel Review
D. Appellate
E. Consultations
Choose the correct answer from the options given below:

Correct Answer: (c) E, C, D, B, A
Solution:

Stages of the WTO dispute settlement system are:-
Consultation Request by complainant
↓
Establishment of a panel
↓
Panel Report
                 ↓
Appellate Review
                 ↓
Implementation
                 ↓
Retaliation

77. Arrange in proper sequence the following benefits available to information system auditor who uses CAATs.

A. Check susceptibility to threat. Much of the accounting information is stored through cloud accounts or other online system.
B. Evaluating the system
C. Data security
D. Bolsters controls
E. Develop IT Governance
Choose the correct answer from the options given below:

Correct Answer: (c) A, B, C, D, E
Solution:

Information system Audit is an examination of the management controls within an information technology infrastructure and business applications. These type of Audit is done by information system Auditors.
CAAT stands for computer-assisted audit tools and techniques (CAATs). It is the practice of using computers to automate the IT audit process. The benefits available to information system Auditor who uses CAAT are:-
• Check susceptibility to threat. Much of the accounting is done through cloud accounts or other online system.
• Evaluating the system.
• Data security.
• Bolsters controls.
• Develop IT Governance.

78. Arrange the following steps in a proper sequence to forecast the demand for a product systematically and scientifically.

A. Making choice of method for demand forecasting
B. Estimation and interpretation of results
C. Specifying the objectives
D. Determining the time perspective
E. Collection of data and adjustment
Choose the correct answer from the options given below:

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

Following steps are taken to facilitate a systematic demand forecasting of a product:

Specifying the objectives
               ↓
Determining the time perspective
               ↓
Choice of method for Demand forecasting
               ↓
Collection of data and data adjustment
               ↓
Estimation and interpretation of results

79. Arrange the following steps involved in the budgeting in a proper sequence:

A. Screening the proposal
B. Evaluation of various proposals
C. Identification of investment proposal
D. Performance review
E. Implementing the proposal
Choose the correct answer from the options given below:

Correct Answer: (c) C, A, B, E, D
Solution:

Following steps are involved in the budgeting:

Identification of Investment proposals
                 ↓
Screening the proposal
                 ↓
Evaluation of various proposal
                 ↓
Implementing the proposal
                 ↓
Performance review

80. Arrange the following steps involved in a research process to carry out orderly and systematic research :

A. Formulating hypothesis
B. Collection and analysis of data
C. Defining research problem
D. Prepare research design
E. Interpretation and report writing
Choose the correct answer from the options given below :

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

The steps involved in a research process to carry out orderly and systematic research are :-

Defining research problem
               ↓
Formulating hypothesis
               ↓
Prepare research problem
               ↓
Collection and analysis of data
               ↓
Interpretation and report writing