As in yes there is a low gear in the gearbox.
There's also a high gear and a couple of other gears in between.
If you took away the lowerest gear then the next one up would then become the low gear.
If you took away the 3 lowest gears then the high gear would then become the low gear, but it would also be the highest.
No it doesn't have a low ratio transfer case.
Is it lower than standard? What's standard? If it's fitted to that car then it's standard for that car.