SUFYASN BUTT

IMPORTANT QUESTIONS B.COM PART 2

IMPORTANT QUESTIONS
ECONOMICS OF PAKISTAN
B.COM PART 2
1. What are the various Characteristics of underdeveloped countries? 2. What is the difference b/w economic growth and economic development? 3. How Economics Development can be measured? Discuss briefly the problems being faced in this regard in under developed countries like PAKISTAN. 4. What are the Economic, social and political obstacles in the Economic Development of Pakistan? 5. What are the Pre-requisites of Economic Development? How far do they exist in Pakistan? 6. Technology plays a vital role in economic development of a country. Discuss with reference of PAKISTAN. 7. Discuss the importance of power resource in development of a country. Briefly explain the main power resources of Pakistan. 8. Discuss in detail the role of capital formation in the economic development of Pakistan. 9. Pakistan is an Agrarian Economy; still its yield per arc is low. Do you agree with the statement? Elaborate it. 10. What is meant by Mechanization of Agricultural? Give sound arguments for and against the mechanization of agriculture in Pakistan. 11. What are the problems of agricultural finance? Suggest remedies to solve the problem of agricultural finance? 12. What is Agriculture marketing? Discuss its problems and measure to improve its functions in Pakistan. 13. What are the causes of Industrial backwardness in Pakistan? How can the Government of Pakistan faster the industrial development? 14. What is the importance of small scale and cottage industries in Pakistan? Discuss their problems and the remedies. 15. What is meant by human capital? What are the problems of human capital formation in an UDCs like Pakistan? 16. What steps have been taken by Government of Pakistan to promote exports?

SUFYASN BUTT

IMPORTANT QUESTIONS B.COM PART 2

17. What is cause of adverse balance of trade in Pakistan? Suggest possible measure to improve the balance of trade of Pakistan. 18. Describe the role of transportation and communication in the economic development of Pakistan. 19. What are the problems of railways? Can these problems be solved by the privatization of railways? Give your arguments for and against the privatization of railways? 20. Critically examine the importance of motorway project in economy of Pakistan.

IMPORTANT QUESTIONS
AUDITING
B.COM PART 2
1. Describe the benefits of getting the account audited to the business itself and public at large. 2. Define auditing. Also explain the difference between accounting and auditing. 3. What is meant by FINAL AUDIT? Explain its features, merits and demerits. 4. Define interim audit. Discuss its merits and demerits. 5. What is meant by internal audit? How does it differ from external audit? 6. Explain the basic principles of internal control suitable for a manufacturing business. 7. Define Vouching. How would you vouch the following: a) Purchase of stock b) Sales commission paid. 8. Briefly explain the procedure to be followed for appointment of an auditor in a Public Ltd. Company. 9. Describe the special points to be kept in mind by an auditor during the audit of a tax tile mill... 10. Define Investigation. How does it differ from Audit? 11. Explain the necessary information that the auditor must collect before commencing a new audit. 12. Briefly discuss the rights and duties of an auditor. 13. Under what circumstances and audit report may become qualified. Give specimen of such report. 14. Explain the special points to be kept in mind during the audit of an insurance Company.

SUFYASN BUTT

IMPORTANT QUESTIONS B.COM PART 2

15. Define verifications and elaborate its techniques. 16. Explain the basic principles of internal control to be followed in a manufacturing business 17. Briefly explain the qualifications and disqualifications of an auditor of a public Ltd .Co 18. What is meant by unqualified report? Give a specimen of such report after completing the annual audit of a public Ltd. Co. 19. Explain the special points to be kept in mind during the audit of a Bank.

IMPORTANT QUESTIONS
Business Law
B.COM PART 2

1. Define Contract and discuss the essentials of a valid contract. 2. Define consideration. What are the rules regarding a valid consideration? 3. Explain the term consideration and state the exceptions to the rule-No consideration, no contract. 4. What do you understand by capacity to contract? What is the nature of agreement made by person incompetent of contract? 5. When is consent to be free? What is the effect of such consent on the formation of contract? 6. Define the term contingent contract. Discuss the rules relating to the performance of contingent contracts. 7. What is Quasi-contract? Explains the Quasi-Contracts. 8. What are the various ways in which a contract may be discharged? 9. Explain: 10. Discharge by lapse of Time 11. Operation of Law 12. Define a contract of Bailment. What are its essentials? 13. Discuss the rights and duties of a bail or. 14. Who is an agent? Can a minor be appointed as an agent? 15. Discuss the various modes by which an agent may be terminated. 16. Define contract of sale of goods, discuss its characteristics.

SUFYASN BUTT

IMPORTANT QUESTIONS B.COM PART 2

17. Distinguish b/w sale and agreement to sell 18. Who is an unpaid seller of good and what are his rights against the goods? 19. Define the term Negotiable instrument. What are its essential characteristics? 20. What is a bill of exchange? What are its essentials elements and how does it differ from a promissory note? 21. Define a Cheque. How does it differ from a bill of exchange? 22. What is meant by the term crossing of a cheque? What are the various types of crossing. 23. What is effect of crossing a cheque? Who can cross a cheque? What is the difference b/w General and Special crossing. 24. Define the term commen carrier. Distinguish b/w a common carrier and a private carrier. 25. What are the duties of a commen carrier? 26. Enlish unfair labour practices on the part of an employer and workmen. 27. Define Cillective Bargaining Agent. How is it Determined? 28. What are rights and duties of Collective bargaining agent?