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Common University Entrance Test (UG)

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6 Views

Question : Assertion: The National Manufacturing Competitiveness Program aims to enhance the competitiveness of Indian manufacturers.

Reason: It provides financial support to entrepreneurs for starting new ventures.

Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
 

Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
 

Option 3: The assertion is true, but the reason is false.

 

Option 4: The assertion is false, but the reason is true.

Team Careers360 27th Jan, 2024

Correct Answer: The assertion is true, but the reason is false.

 


Solution : The correct answer is (c) The assertion is true, but the reason is false.

The National Manufacturing Competitiveness Program (NMCP) does aim to enhance the competitiveness of Indian manufacturers. However, the reason provided, stating that it provides financial support to entrepreneurs for starting new ventures, is not accurate. The NMCP focuses on various initiatives such as technology upgradation, quality improvement, and promoting lean manufacturing practices to enhance the competitiveness of existing manufacturing units, rather than specifically providing financial support for new ventures.

124 Views

Question : Half of the Trade Creditors valued Rs 40,000 accepted Plant and Machinery at 10% less than the book value and Cash of Rs. 5,000 in full settlement of their claims. The remaining Trade Creditors were paid at a discount of 10%. The entry will be

Option 1: Realization account debited and Bank account credited by Rs 5,000

Option 2: Realization account debited and Bank account credited by Rs 36,000

Option 3: Realization account debited and Bank account credited by Rs 41,000

Option 4: Realization account debited and Bank account credited by Rs 80,000

Team Careers360 27th Jan, 2024

Correct Answer: Realization account debited and Bank account credited by Rs 41,000


Solution : Answer = Realization account debited and Bank account credited by Rs 41,000

Total value of creditors= 80,000(40,000×2)
Paid cash= 5,000
Paid to creditor= 40,000- 4,000(40,000×10%)= 36,000.
Total payment  = 41,000.

Realisation A/C Dr 41,000
To Bank A/C 41,000.
Hence, the correct option is 3.

17 Views

Question : Statement 1: The Consumer Protection Act provides consumers with the right to seek redressal.

Statement 2: It empowers consumers to approach the appropriate consumer forum to resolve their complaints.

 

Option 1: Both statement 1 and statement 2 are true.

Option 2: Statement 1 is true, but statement 2 is false.

Option 3: Statement 1 is false, but statement 2 is true.

Option 4: Both statement 1 and statement 2 are false.

Team Careers360 26th Jan, 2024

Correct Answer: Both statement 1 and statement 2 are true.


Solution : The correct answer is (a) Both statement 1 and statement 2 are true.

Statement 1 is true. The Consumer Protection Act provides consumers with the right to seek redressal, which means consumers have the legal right to address and seek remedies for any grievances or complaints they have regarding products or services they have purchased.

Statement 2 is also true. The act empowers consumers to approach the appropriate consumer forum, which is established under the act, to resolve their complaints. These forums provide consumers with a formal platform to seek redress and resolve disputes with businesses.

7 Views

Question :

The amount received on the sale of furniture will be shown on:

Option 1: Credit side of Income and Expenditure

Option 2: Debit side of Income and Expenditure Account

Option 3: Debit side of Receipts and Payments Account

Option 4: Credit side of Receipts and Payments Account

Team Careers360 27th Jan, 2024

Correct Answer: Debit side of Receipts and Payments Account


Solution : Receipts and Payments Account records all the gains and incomes on the credit side of the not-for-profit organizations. Hence, the correct option is 3.

7 Views

Question : Assertion: Private sector participation in healthcare can enhance the availability and quality of medical services.

Reason: Private sector investments promote competition and innovation in the healthcare industry.

Option 1: Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
    

Option 2: Both assertion and reason are correct, but the reason is not the correct explanation of the assertion.
  

Option 3: Assertion is correct, but the reason is incorrect.

 

Option 4: Assertion is incorrect, but the reason is correct.

Team Careers360 26th Jan, 2024

Correct Answer: Both assertion and reason are correct, and the reason is the correct explanation of the assertion.
    


Solution : The correct answer is (a) Both assertion and reason are correct, and the reason is the correct explanation of the assertion.

The assertion states that private sector participation in healthcare can enhance the availability and quality of medical services, which is correct. When the private sector is involved in healthcare, it can bring additional resources, expertise, and investments, leading to increased availability of medical services. Private healthcare providers often establish clinics, hospitals, diagnostic centers, and specialized healthcare facilities that contribute to expanding healthcare infrastructure and improving access to medical services. They can also attract skilled healthcare professionals and implement efficient management systems, which can positively impact the quality of care provided.

The reason provided states that private sector investments promote competition and innovation in the healthcare industry, which is the correct explanation of the assertion. When multiple private healthcare providers operate in a competitive market, they strive to differentiate themselves by improving service quality, offering innovative treatments and technologies, and adopting efficient practices. This competition can drive improvements in the healthcare sector, leading to advancements in medical technology, better patient experiences, and overall enhancements in the quality of care provided.

Therefore, both the assertion and reason are correct, and the reason serves as the correct explanation for why private sector participation in healthcare can enhance the availability and quality of medical services.

6 Views

Question : Statement 1: A matrix organizational structure enhances cross-functional collaboration.

Statement 2: It involves a tall hierarchy with multiple layers of management.

 

Option 1: Statement 1 is true, and Statement 2 is false.

Option 2: Statement 1 is false, and Statement 2 is true.

Option 3: Both Statement 1 and Statement 2 are true.

Option 4: Both Statement 1 and Statement 2 are false.

Team Careers360 27th Jan, 2024

Correct Answer: Statement 1 is true, and Statement 2 is false.


Solution : The correct answer is (a) Statement 1 is true, and Statement 2 is false.

A matrix organizational structure is a hybrid structure that combines two or more other types of organizational structures, such as functional and project-based structures. In a matrix structure, employees may report to two or more managers, one from their functional department and one from the project team on which they are working.

This structure can enhance cross-functional collaboration by bringing together employees from different departments to work on common projects. This can lead to more innovative and creative solutions, as employees from different backgrounds can share their ideas and perspectives.

A matrix organizational structure does not typically involve a tall hierarchy with multiple layers of management. In fact, it can help to streamline decision-making and reduce bureaucracy by giving employees more autonomy and responsibility.

Overall, a matrix organizational structure can be a very effective way to enhance cross-functional collaboration and improve decision-making.

9 Views

Question : In the following question select from among the four alternatives, the word nearest in meaning to the word given in capitals.


GARRULOUS
 

Option 1:  Friendly
 

Option 2:  Talkative

 

Option 3:  Important
 

Option 4:  Grumpy
 

Team Careers360 27th Jan, 2024

Correct Answer:  Talkative

 


Solution : The correct answer is option 2

Explanation:

- 'Talkative' is the most relevant synonym for the provided word 'Garrulous.'
- Garrulous: excessive chatting, usually regarding trivial matters

- Talkative: someone who enjoys talking a lot.-

Consider the following definitions:

  • - Friendly: acting in a friendly and open manner.
  • - Important: of significant worth or impact; absolutely necessary
  • - Grumpy: irritable.
11 Views

Question : What is a characteristic of anti-globalisation protests?

 

Option 1: They support the expansion of multinational corporations  

Option 2: They focus on promoting free trade agreements 

Option 3: They often address issues like environmental degradation and workers' rights

Option 4: They advocate for increased globalization

Team Careers360 27th Jan, 2024

Correct Answer: They often address issues like environmental degradation and workers' rights


Solution : Anti-globalisation protests often address issues like environmental degradation, workers' rights, and the negative impacts of globalization on local communities.

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