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

Total Questions: 100

21. The Human Relations Approach rejected the 'rabble hyothesis' by giving which of the following argument?

(a) The worker does not work for money only
(b) A worker operates in a techno-economic system with no room for emotions.
(c) Authoritarian style of leadership is more productive.
(d) Individual pays attention to self-achievement irrespective of informal group norms.

Correct Answer: (a) The worker does not work for money only

Solution:

The human relation Approach rejected the rabble hypothesis' by arguing the worker does not work for money only. the word rabble means crowd or mob and the Rabble hypothesis takes the view of men being a crowd of| individuals interested in their individual interest such a negative view of man by Taylor's scientific management was called rabble hypotheses.

22. Which of the following is not correct with respect to matrix organisation?

(a) It is a combination of fuctional and product
(b) Functional departments are not permanent fixtures of a matrix orgnisation
(c) Product departments are created as the need for them arises
(d) Team members have functional home when they are not needed on a project

Correct Answer: (b) Functional departments are not permanent fixtures of a matrix orgnisation

Solution:

(1) Matrix organisation combines two forms| of departnatalization - functional and product/project.
(2) Functional structure is a permanent feature of the| matrix orginazation and retains authority for the overall operation of the functional units.
(3) Matrix organization also called grid organistion, is a| hybrid structure combining two complementary| structures namely, functional departmatation with pure| project structure.

23. As per Carroll Model, the four levels of Corporate Social Responsibility are:

(a) Physical, economic, social and legal
(b) Physical, economic, legal and ethical
(c) Philanthropic, economic, legal and ethical
(d) Philanthropic, economic, social and ethical

Correct Answer: (c) Philanthropic, economic, legal and ethical

Solution:

Carroll's four part definition of CSR was| originally stated as follows. Corporate social responsibility encompasses the economic, legal, ethical, and discretionary (Philanthropic) expectations that society has of organizations at a given point in time.

24. Who coined the term 'Collective Bargaining'?

(a) Reed Richardson
(b) Kurt Lemin
(c) W.E. Deming
(d) Sydney Webb and Beatrice Webb

Correct Answer: (d) Sydney Webb and Beatrice Webb

Solution:

The phrase 'collective Bargaining' is coined by famous authors Sydney and Beatrice webb in their celebrated treatise on 'History of Trade unions'.

25. The headquarters of the ASEAN is located in which of the following country?

(a) Indonesia
(b) Vietnam
(c) Thailand
(d) Singapore

Correct Answer: (a) Indonesia

Solution:

The association of southeast Asian Nations or| ASEAN was established on 8 Aug. 1967 in Bangkok, Thailand, currently there are '10' permanent members of this Association. its headquarters is in Jakarta (Indonesia).

26. What is the rate of tax deduction at source from insurance commission is case of 'Person':

(a) 2 percent
(b) 5 percent
(c) 10 percent
(d) 4 percent

Correct Answer: (b) 5 percent

Solution:

Sec. 194 D is applicable for all such paymets| made to a resident whether they are an individual, company or any other category of persons. The rate of| TDS is mentioned below.
Details - Rate of TDS
Person other than - 5%
a company
Domestic company - 10%

27. Which of the following is a long term source of finance?

(a) Commercial Paper (CP)
(b) External Commercial Borrowings (ECB)
(c) Factoring
(d) Line of Credit (LOC)

Correct Answer: (b) External Commercial Borrowings (ECB)

Solution:

Long term financing means financing by loan| or borrowing for a term of more than one year by way of issuing equity share by the form of debt financing by long term loans, leases or bonds and it is done for usually big projects financing and expansion of the company and such long term financing is generally of high amount.
External commercial borrowing (ECB)- is a long term| source of finance.
ECB is an instrument used in India to facilitate Indian companied to raise money outside the country in foreign currency.

28. What is a 'Repo Rate'?

(a) Is the rate at which RBI lends to State Government
(b) Is the rate at which International aid agencies lends to RBI
(c) Is the rate at which the RBI lends to Banks in case of short maturity
(d) Is the rate at which RBI borrows funds from the Commercial Banks in the country

Correct Answer: (c) Is the rate at which the RBI lends to Banks in case of short maturity

Solution:

Repo rate is the rate at which the central bank| of a country lends money to commercial banks in the| event of any short fail of finds. Repo rate is used by monetary Authorities to control inflation.

29. In Marketing, DSA stands for............

(a) Delivery Staff Agency
(b) Direct Supplier Agent
(c) Direct Selling Agent
(d) Distribution and Supply Agency

Correct Answer: (c) Direct Selling Agent

Solution:

DSA is an abbreviation of direct selling agent.
A direct selling agent or DSA is a person who works as a referral agent for a bank or NBFC
They are marketing Agents who bring business to the banks.
The job of a DSA is to find potential customer for the| bank they represent.
To do this, DSA will look for people who are in the market for a loan.

30. In which of the following stages of product life cycle a company reduces sales promotion to take advantage of heavy consumer demand?

(a) Introduction
(b) Growth
(c) Maturity
(d) Decline

Correct Answer: (b) Growth

Solution:

The term product life cycle refers to the| length of time a product is introduced to consumer into the market until its removed from the shelves.
The life cycle of a product is broken into four stagesIntroduction growth, maturity and decline.(1) Introduction stage:- The show low sales numbers as the product is being introduced in the market.
(2) Growth Stage :- During the growth stage sales rise| rapidly as consumers begin to accept product sales promotion strategy reduces to take advantage of heavy consumer demand.
(3) Maturity stage:- During the maturity stage of the| product life cycle the sharp growth in sales begins| to slow, and profits at the beginning of this stage
decline.
(4) Decline stage:- Where the product's sales and profit| fall very quickly and most competitors leave the| market.