NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 302 - 304 of 1264

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Question number: 302

» International Business » Regional Economic Integration - SAARC, ASEAN, EC, NAFTA

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Appeared in Year: 2018

Assertion-Reason▾

Question

Assertion (Ꭺ)

An export processing zone is different from free trade zone as it promotes units primarily devoted to exports. (September Paper II)

Reason (Ꭱ)

Goods imported to a free trade zone may be re-exported without any processing, in the same form. But, goods exported by units in an EPZ are expected to have undergone some value addition by manufacturing/processing.

Choices

Choice (4) Response

a.

Ꭺ is false but Ꭱ is true

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question number: 303

» Financial and Management Accounting » Basic Accounting Concept

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Appeared in Year: 2018

Assertion-Reason▾

Question

Assertion (Ꭺ)

Personal transactions of the owners of the business are not recorded in the books.

(September Paper II)

Reason (Ꭱ)

According to the business entity concept, each business enterprise is considered as an accounting unit separate from owners.

(September Paper II)

Choices

Choice (4) Response

a.

Both Ꭺ and Ꭱ are false

b.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

c.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

d.

Ꭺ is true but Ꭱ is false

Question number: 304

» Banking and Financial Institutions » Reserve Bank of India

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Appeared in Year: 2018

Assertion-Reason▾

Question

Assertion (Ꭺ)

The Reserve Bank of India is entrusted with the management of the public debt and issue of new loans and treasury bills on behalf of the central and state Governments. (September Paper II)

Reason (Ꭱ)

The Governor and the Deputy Governors of Reserve Bank of India are appointed by the Central Government.

Choices

Choice (4) Response

a.

Both Ꭺ and Ꭱ are false

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is false but Ꭱ is true

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

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