PREVIOUS YEAR SOLVED PAPERS - UGC NET Management June 2019

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36. NITI Aayog, GOI, has launched a scheme to develop an ecosystem for women entrepreneurship in India. Identify the scheme out of the following:

  • Option : B
  • Explanation : NITI Aayog launched the Women Entrepreneurship Platform (WEP) on March 8, 2018, on the occasion of International Women’s day.
    The platform was launched by NITI Aayog CEO Amitabh Kant at the NITI Aayog premises in Delhi in the presence of UN Resident Coordinator in India Yuri Afanasiev, Kailash Kher, industry leaders and supporting partners.
    The launch also saw the release of WEP’s theme song ‘Naari Shakti’, which has been composed and sung by renowned singer Kailash Kher
    Besides this, the nominations for the Women Transforming India Awards, 2018 were also opened by Amitabh Kant and Yuri Afanasiev on the occasion.
    Objective:The entrepreneurship platform for women was envisaged by the CEO of NITI Aayog during the Global Entrepreneurship Summit (GES) in Hyderabad in November 2017.
    The initiative is aimed at building a vibrant ecosystem for women across India to help realize their entrepreneurial aspirations, scale-up innovative initiatives and chalk out sustainable, long-term strategies for their businesses.Key Highlights:
    • WEP aspires to substantially increase the number of women entrepreneurs who will create and empower a dynamic new India
    • These aspirations are manifested in the three pillars on which WEP is built:
    −Ichha Shakti: Motivating aspiring entrepreneurs to start their enterprise.
    −Gyaan Shakti: Providing knowledge and ecosystem support to women entrepreneurs to help them foster entrepreneurship.
    −Karma Shakti: Providing hands-on support to entrepreneurs in setting-up and scaling up businesses.
    • The platform aims to address the bottlenecks faced by both aspiring and established women, entrepreneurs, by streamlining information across government and private sector schemes and initiatives with an informative, interactive website as a dedicated resource and knowledge base.
    • The platform will operate within a broader framework of industry collaborations and partnerships, which cut across sectors in the economy.
    • From providing unique services such as credit evaluation of women-led startups by CRISIL and potential equity investments through an INR 10 crore fund established by DICE Districts, the WEP is expected to open up avenues of growth and opportunity for women entrepreneurs.
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37. International Fisher Effect suggests that a home currency will:

  • Option : C
  • Explanation : Feasibility Analysis: Process of determining if a business idea is viable.
    A feasibility analysis is an assessment of a potential business rather than strictly a product or service idea.
    If the business idea is not feasible then one should either modify or drop the same.
    (a) Product/Service Feasibility:
    Assessment of the overall appeal of the product or service proposed.
    1. Ensure that the proposed product or service is desirable and serves a need in the marketplace.
    2. Determine if there is a demand for the product or service, there are two ways:
    • Buying intentions survey.
    • Conducting library, Internet research.
    (b) Industry/Target Market Feasibility: Assessment of the overall appeal of the industry and the target market for the product or service being proposed.
    (c) Organizational Feasibility: To determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.
    1. Evaluate the ability, of its initial management team.
    2. Determine whether the proposed venture has or is capable of obtaining sufficient resources to move forward.
    (d) Financial Feasibility: To determine whether a proposed business is financially viable or not.
    1. Calculate the total cash needed to prepare the business to make its first sale & sources of the same.
    2. Estimate a proposed start-up’s potential financial performance by comparing it to similar, already established businesses.
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38. Feasibility analysis is the process of determining if a business idea is viable. It consists of four areas of feasibility analysis. Identify the correct combination.

  • Option : C
  • Explanation : Feasibility Analysis: Process of determining if a business idea is viable. A feasibility analysis is an assessment of a potential business rather than strictly a product or service idea. If busines idea is not feasible then one should either modify or drop the same.

    (a) Product/Service Feasibility: Assessment of the overall appeal of the product or service proposed.
    1. Ensure that the proposed product or service is desirable and serves a need in the marketplace.
    2. Determine if there is demand for the product or service, there are two ways:
    > Buying intentions survey.
    > Conducting library, Internet research.
    (b) Industry/Target Market Feasibility: Assessment of the overall appeal of the industry and the target market for the product or service being proposed.
    (c) Organizational Feasibility: To determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.
    1. Evaluate the ability, of its initial management team.
    2. Determ ine whether the proposed venture has or is capable of obtaining sufficient resources to move forward.
    (d) Financial Feasibility: To determine whether a proposed business is financially viable or not.
    1. Calculate the total cash needed to prepare the business to make its first sale & sources of the same.
    2. Estimate a proposed start-up’s potential financial performance by comparing it to sim ilar, already established businesses.
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39. Match List-I with List-II.

List-I (Training Need Assessment Technique)List-II (Advantages/Merits)
(a) Observation(i) Questions can be modified
(b) Questionnaires(ii) Generates data relevant to the work environment
(c) Online technology(iii) Inexpensive
(d) Interviews(iv) Objective
Choose the correct option from those given below:

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