UGC NET COMMERCE SOLVED PAPERS 2017-19 - UGC NET COMMERCE December 2018

36. Which one of the following is agricultural income under Income Tax Act?

  • Option : A
  • Explanation : Examples of Agricultural Income
    The following are some of the examples of agricultural income:
    ∎ Income derived from sale of replanted trees.
    ∎ Income from sale of seeds.
    ∎ Rent received for agricultural land.
    ∎ Income from growing flowers and creepers.
    ∎ Profits received from a partner from a firm engaged in agricultural produce or activities.
    ∎ Interest on capital that a partner from a firm, engaged in agricultural operations, receives.
    Examples of Non-Agricultural Income
    The following are some of the examples of non-agricultural income:
    ∎ Income from poultry farming.
    ∎ Income from bee hiving.
    ∎ Any dividend that an organization pays from its agriculture income.
    ∎ Income from the sale of spontaneously grown trees.
    ∎ Income from dairy farming.
    ∎ Income from salt produced after the land has flooded with sea water.
    ∎ Purchase of standing crop.
    ∎ Royalty income from mines.
    ∎ Income from butter and cheese making.
    ∎ Receipts from TV serial shooting in farm house.
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39. For performance assessment of employees, “helping to meet legal requirements” is the application of which one of the following?

  • Option : C
  • Explanation : Multiple Purposes of Performance Assessment
    General ApplicationsSpecific Purpose
    Developmental Uses∎ Identification of individual needs ∎ Performance feedback ∎ Determining transfers and job assignments ∎ Identification of individual strengths and developmental needs
    Administrative  Uses/Decisions∎ Salary ∎ Promotion ∎ Retention or termination ∎ Recognition of individual performance ∎ Lay-offs ∎ Identification of poor performers
    Organisational Maintenance/Objectives∎ HR planning ∎ Determining organisation training needs ∎ Evaluation of organisational goal achievement ∎ Information for goal identification ∎ Evaluation of HR systems ∎ Reinforcement of organisational development needs
    Documentation∎Criteria for validation research
    ∎ Documentation for HR decisions
    ∎ Helping to meet legal requirements
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40. Which one of the following items is not a part of job specification?

  • Option : C
  • Explanation : Job Specification: Job specification or employee specification is a statement which answers the question, “What human qualities and traits are necessary to do the job well?” It is a written record of the physical, mental, social, psychological, and behavioural characteristics which a person should possess in order to perform the job effectively. In contrast to the job description it is a standard of personnel and designates the qualities required for acceptable performance. A job description is a profile of the job. A job specification, on the other hand, describes what the job demands of the employee and the human skills that are required. It is a profile of the human characteristics needed by the person performing the job. It is a statement of essential and desirable attributes, which a person must possess. It contains information in terms of education, experience, training, judgement, initiative, physical effort, physical skills, communication skills and emotional characteristics.
    The job specification is a major tool in the staffing process. It is also helpful in training and appraisal of employees. It is also useful in testing, interviewing and checking of reference.
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