IA-BRL-M-DPBA I

eUNI\R! er ~~~~fU I COMMERCE AND ACCOUNTANCY

~G~ I I Paper I

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rft;r & 31{''iJCfi(fll 3ich : 2 50
Time allowed : T h ree Hours Maximum Marks : 250

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There are EIGH T questions divided in two SECTIONS and printed both in HINDI and in
ENGLISH.
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choosing at least ONE from each section.
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IA -BRL-M -DPBA I 1
 ~A

SECTIO N A

Ql. Pt~Rifuio I:R ~ QcqfUp~j Rifui<J:, ~ ~ ~ 150 ~ -ij m:

(a) ~ 3fu: ircrr~ cRi ~ mm ~ 31<t,ft;r CENVAT '3m\ Cfi1 m'l:f ~ cRi
~ I

(b) ~ ql{fiqfulJi ~-1\ lpf ~ ffiiD ~ -ij ~ f.:l~qo1 I

(c) "ffiTRf-l1Bil-~ fcl~~t!OI ~ 'i_Cifj4H 3fu: ql{tflql~ I

(d) ~ ~ qf{~qffi q>T 3"1i~"'f ~ \iffifT t <'f¢f l£_~~1'8 ~ R~qo1 ~ ~ it

~ ~@ICf)(OI ~cRt~ I

(e) ~ OlJq~{on ~ q~"CIH ~ ~ ~ ~@lq{la;rr Cfll4fcl~ I

Write short notes on the following in about 150 words each : 10x5=50

(a) Condition s for availing of CENVAT credit under various categories of

goods and services. 10

(b) Intangibl e assets and their treatmen t in the books of accounts of a firm. 10

(c) Assumpti ons and limitation s of Cost-Volu me-Profit analysis. 10

(d) Provision s of Indian Accountin g Standard s regarding treatmen t of

depreciat ion when an asset is revalued. 10

(e) Audit procedure s to detect cash defalcatio ns. 10

Q2. (a) mfcR ~(SI1~$1'jl kirnls ~ 1 ~ 2008 cnl ~ rnMICfl{ ~ 100 ffi"& ~

fS~:q( (::ttOiq;;t) \.il1fT ~ ~ I fS~'CI{l cp) 31 R~kl{ 2012 q,l ~ (~)

m-r \ifHT ~ Frh:r ~ ~ ~ t!)di~Cfl ~ ~ ~ ~ fS~:q( ~ ("itcq;f)

I

~ f.rftr Chl ~ Cf>8T ~ ICI~lJCfl ~ I f.rrm ~ '"41fB41 Chl m ~ ~ 11\

10% >rRf cr:f ~ ~ Slfdq;(1 q>T ~ ~ ~ 31roT ~ I

(i) ~~ 'q{ fS~=t:1ii ~ ~ ~ (~) -CflT ;gPtWi:la ~ ~ ~' >rRr

~ ~ ("~rN) ~ fclf.ll!tNtd ctl" ~ errffi urn q;r PJ~o ~ ~ ~

(ii) 5 ~ ~ ~' fS~:q{ ~ (W'tH) -Rfu -ffisrr CflT ~ ~ 4ilN1l!; I

IA -BRL-M-DPBA I 2
 (b) m11Rr ~ 3=1ct~fl151ol ffiTI\f--R~ <€t ~ ~ ~ 3~1~{on ~ m~ ~
~ ~ cfilf'.il{ I ~ ~ 31R qf{fOJ:JI~ Cfflf-Cfm ~ ?
(c) ~~$1~0: fch ct'!-11 q~RJfct;rBI <ttflR<:h ~ ~ <flTT ~2ITLRT ih WU ~ ~ ircrr
CR"B~>rrn~~~~ I
(a) Arvin d Enter prise s Ltd. had issue d Debe nture s amou nting to
~ 100
lakh on 1st Janua ry 2008. The Debe nture s are to be redee
med on
31st Decem ber 2012. In terms of the issue the comp any is requi
red to
create a Debe nture Redem ption Reser ve Fund . The Trust ees of the
issue
expec t to earn a net retur n of 10% p.a. on inves tment of the fund.
(i) Ascer tain the amou nt to be appro priate d from profit every year to
ensur e full redem ption of Debe nture s at the appro priate time.
10
(ii) Draw up Debe nture Redem ption Fund Account for 5 years .
15
(b) Defin e and distin guish betwe en marg inal and absor ption costin
g with
exam ples. What are their uses and limita tions ?
15
(c) Expla in wheth er servic es provi ded by a Veter inary clinic and
Yoga
estab lishm ent are exem pt from servic e tax.
10
Q3. (a) it ~ ~ ~ ~ ~ <Xfl1m: ~ -ij tll:?i~R ~ I ~ ~ 2011 - 12 ~
~ ~ ((11ll) ~ ~ ~ Sf>lro: ~ 50,00 0 3fR ~ 30,00 0 21 I

&f<:PT ~lest IWt ~I ~ f@cl)~ ~~ ~ l:f>lf ~ ~ -ij ~I fulft CR ~

crr<?fi
TfliT t
firm) ~ ~ ~ ~ ~ ~ -q ~ 45,00 0 3fR tit~~ ~ ~
-ij
~ 1,2o,o oo >rrn ~ 1 ~ cnr ~ ~liSliWtl.l <€t ~ 'Rfi:J -ij -B
~ 'i'f!rT m,
\Jtl ¥1 rnf!ICf){ ~ 1o,oo ,ooo ~ ~ ~ ~ ~ ~ ~ -q >rrn ~ m 1
5jf ~ ~ ;rrq -ij ~ m 01.12 .2011 col ~ Slfd'"hft 1R ~ ~ col
~ fco<:rr Tfm ~ 1 ~ ~ Cflf 2011 - 12 -q ~ col ~ so,oo o ~ '"llmCfl
~"tR~TJGTT ~I

~ -mtmr ~ ~ ~ 2,00,0 00 3ltt

~ 2,64,0 00 ~ 3=Jqf~ctd41\Q fgiij:q{ (fH ~
~ ~= 5jf ~ 3fu: ~ ~ ~ ;rrq ~ ~ ~. 1R ~ ~ -m
10% >ffir Cf'f ~ I W=Rfi ~ fcrRr CfiTR -ij 31tr.ft ~ -ij "B ~
1,00,00 0,
5!ft ~ ~ :rrrf -ij ~¢l<e!{ ~ ~ ~' ~ ~ Cf>\ ~ 2ft I

~ 2008 - 09 -q ~ ~ ~' W-IT ~ Slfdlbf! t, ~ 1,50,000 ~ mTICf

i
~ ;rrq 3iafur ~ ~ ~. M~eol ~~~X en) d'tlR ~ ~ I~
~
:r
CltiT -ij ~ ~ Bilfet>a ~ ~ ~ -ij ~ 6o,oo o ~ ~' Mtieol 'lft

IA -BRL- M-DP BA I 3
 ~ X cit ~ ~ ~ TTm I fcffim crcf 2011 - 12 ifi ~' ~ ~ eif
~ 2,10,0 00 ifi "J®: iR 10% >rfu ~ ifi ~ ~ ~ mH g,3lf I

~ ~ ~ ~ 1,50,000 ~ 0-G <it ~ ~ I ~ f.:fcro ~ • ~

F fllfll6f>< ~ 15,000 ~ I ~ ~ ~ 10,000 ~ ~ cfiT -qc:;fi if; ~ if; ~
3fu: ~ 5,000 ~ ~I<SftfBi 4.1 -qffi_~ ifi (1fl1 ~ ~ ~fdlOllfl ~ ~ I
~ ~ 2011 - 12 ~ ~ .m ~ 3fu: ~ ~ cfiT ~ Cfl<<!l'lllJ 3WI
"6f)l q f{Cf)fj~ ch) NlQ: I

(b) ~ rrn:rill Cf;l ~ <tl~ct, ftr:rij ~CO{~ 5f<:i)\il""t ~ ~ ~ ~ Cfi1 l{C'4iCfl

4
~~I m~"@~f.:rwTI~ ~Cfi1 ~~ chlNlct I

(a) Mr. Asoke and his wife are partne rs in a tradin g firm. Their respec tive
shares of profit for the financ ial year 2011 - 12 were ~ 50,000 and
~ 30,000 respec tively.

Their minor son has been admit ted to the benefi ts of anoth er firm
manuf acturi ng toys from which he receiv ed ~ 45,000 as share of profit
and~ 1,20,0 00.as intere st on capita l. The capita l was
invest ed out of the
minor 's own fund gifted to him by his uncle amoun ting to~ 10,00,000.
A house in the name of Mr. Asoke was transf erred to his wife on
01.12. 2011 for adequ ate consid eration . The prope rty has been let out
throug hout the financ ial year 2011 - 12 at a month ly rent of~ 50,000.
Non-c onvert ible deben tures of a limite d compa ny of ~ 2,00,0 00 and
~ 2,64,0 00 were purch ased three years ago in the
names of Mr. Asoke
and his wife respec tively, on which intere st is payab le at 10% p.a.
Mrs. Asoke had in the past transf erred ~ 1,00,000 out of her incom e to
Mr. Asoke for purch ase of deben tures in Mr. Asoke 's name.
Mr. Asoke had transf erred ~ 1,50,0 00 to Mrs. Asoke in the year
2008 - 09 witho ut any consid eration , which she lent out to one Mr. X.
Mrs. Asoke earned ~ 60,000 as consol idated intere st during earlie
r
financ ial years, which was also given on loan to Mr. X. Durin g the
financ ial year 2011- 12 Mrs. Asoke receiv ed intere st@ 10% p.a. on the
loan amoun ting to ~ 2,10,000.
Mr. Asoke transf erred ~ 1,50,0 00 to a Trust. The incom e accrui ng from
its invest ment amoun ted to ~ 15,000, out of which ~ 10,000 shall be
utilise d for the benefi t of his elder son's wife and ~ 5,000 for the benefi
t
of his minor grandc hildre n.
Calcu late Gross Taxab le Incom e of Mr. Asoke and Mrs. Asoke for the
financ ial year 2011- 12.
35

1-BRL -M -DPBA I 4
 (b) Me ntio n the cas es whe re val uat ion of
hou se pro per ty for pur pos e of
inco me tax sha ll be NIL . Also men tion
the exc epti ons to suc h rule s. . 15

Q4. (a) ~-~ .m. ~ Rif?ils lcll~\jl'"l ~ ~

~ ~ ~Ptqfu l ~ ~ -q ~ ~m
~ I ~ W~-"G5f (~ ~) ~ ~
~ ~ ICI~4Cf> B41'4l\if;fl (f)) Cfl1: ~ ~
~' 31.03.2012 ~ ~ ~ ~ ~ ~
Wm ffitf-mR ~ ~ ~ ~
Pt~R1Rs!C1 ~ m'6Jl q)) ~ ~ ~ \jffifT ~ :

(~~ if)
~WM
rrm
lilGh4i 26681
BI4 Ut4l ~ ffiTffi
14872
~ 3fu: 4 '.l1~4l ( Cf)H@H I) 480
~ f.tfU ~ Cfi(r(41 01 lSf€if qft 3i:t~i~l"1

Cf)l'"lliiU ~ ~
96
Cf)I4Tcl4 "RitP ~ ~ 218
~t~Ui ti ~~~

Cf>l4lcl4 ~
5
00 3fu '"l!tfl'"ltl 90
34~1;fi~~~
26
~
6
~
77
~ 3fu ~-BI4i?J4i 26
~~
47
~ 3fu qf{qQ'"l ~ 1027
f i, lif\if d) 3fu ~ 1361
~ lffi1 (Rlct>)
883
~lffi1 (~)
2054

lRL -M- DPB A I 5

 '{(R:I~Ifl

~ 3fR q~fto:t tl 901

'licH 3fu: ~ Chl~ffl'!! qf{fiq ffl<li 60

~aJfR<~i 281
~ flllO!fu<li 3868
iRA 3fu: ~ 1125

Rn•o<011 , ~, ~ 3fu~
Ohf{@l~ ~ ~ 100
<:hl4tt1<! ~ Wro: 94
fcl;n lqo:J 3lR ~ 39
~ ~ lctl'J>l"'l 10
~ >T'l1R 9
~ O<.f<l 92
~ I"G!Rh<!i 8
~ S,3ll fCt;{l'!l l 12
~~~~ 60
qf{ti4RFII cfiT ~ l:R ~ 20
~tr ~·rn4i 39

R!Oo:JR1fula "6h1 qf{Cflflo:t ~~ 3llFft R:cqfUIO!!I ch'IN'tv; :

(i) ~ ffi\1 31jGTif
(ii) ~"CIIt'H ~ ~

(iii) ~ 3'11-c~l~o:t ~

(b) ''cl@14tl~ cf>q;fi ~ ~ fclq{Ufl q;) ~ ~ ~ ~ ~ lRf >JCR ~ t

;r fcn fclq{ui'i cfit ~-3tt'fll ~ ~ 1"
Jc!J~<oi'i ~ ~ co2R CfiT ~ c:h)~v; 1

(c) cl@lqtl&TT ~ Sl<!!l\llo:t ~ ~' m!BIT ~ ~ cfit (1111(1 "6h1 ~ i?l@iqtla:rcn CfiT
fcnB "5fCfiR ~ £Lcr:<:l iCf)o:J CfiBT ~ ?

IA-BRL-M-DPBA I 6
 (a) KK C (P) Lim ited is eng age d in ma
nu fac tur ing and sel lin g compon ent
tele vis ion set s. Af ter dra win g up s of
Tri al Ba lan ce and ma kin g nec ess
adj ust me nts the following acc oun ary
t hea ds are fin ali sed for dra win
Profit a nd Lo ss Accoun t for the yea g up
r end ed 3 1.03.2 012 :
(~ in t hou san ds)
Acco un t H ead s Am ou nt
Sal es
26681
Cost of mat erials
14872
Sal ari es and Wa ges (factory)
480
Co ntr ibut ion to PF an d We lfa
re Ex pen ses
Fo r wo rke rs
96
Fo r office sta ff
218
Re pa irs and Ma int en an ce
Office pre mi ses
5
Pla nt and Ma chi ner y
90
Pro vis ion for gra tui tie s
26
Int ere st
6
Co nsu ma ble s
77
Pri nti ng and Sta tio ner ies
26
Tra vel lin g exp ens es
47
Im por t and Tra nsp ort ati on Costs
102 7
Po we r, Ele ctr ici ty and Oil
1361
Op eni ng Sto ck
883
Clo sin g Sto ck
205 4
De pre cia tio n
Pla nt and Ma chi ner y
901
Bu ild ing and oth er office ass ets
60
Wa sta ges
281
Pac kin g ma ter ial s
386 8
Sal ari es and allo wa nce s
112 5

BR L-M -DP BA
7
 Rent , Rates, Taxes and Insurance
For factory 100
For office 94
Advertisement and Publicity 39
Postage and Telephones 10
Bank charges 9
Miscellaneous expenses 92
Scrap sales 8
Rent received 12
Interest earned on investments 60
Profit on sale of assets 20
Miscellaneous receipts 39

Calculate the following with your comments : 30

(i) Gross profit ratio
(ii) Operating profit ratio
(iii) Interest coverage ratio

(b) "An auditor expresses an opinion on a company's financial statements

taken as a whole, not on individual items on the statements."
Explain the above statement with examples. 10

(c) How should an auditor evaluate cost of gathering evidences for purpose
of audit? 10

IA-BRL-M-DPBA I 8
 ~B

SE CTI ON B

Pl~R1fun1 "Cf\ ~ f?.cqfUI<!!I fB:tfulll., ~ ~ -wrw T 150 ~ 'B ~ :

qftq q:q( om ~ ~ ~ ~ m~
(a) 6flfU1~q:; ~ cRt ~ qf{4CfCJcti3:IT 3fu: ~
¥, \JIIf@ 4 3fu: ~~ lR m ~ ~ "illliPtl CfiT ~cts:flCh\01 I
-w.n
~ ~ ~ ~'f.H ~ ~ ~ ~ ~-EO
Q ~' iirffi 3ffi ~ ~
(b )
3tR'RH~~~~ I

(c) Qc--1nn:~ ~ -B f21'!:j;to, 3ffi ~ ' ~~~ 2t ~ ~t:r ~ ~ 1

~~~~~ 3itt ~ 2f fclChfBct ~ ~ I

(d)

(e) ~~ HuM .q ts-3W:f> f~ I

wor ds each : 10x 5=50

Wri te sho rt note s on the following in abo ut 150
mat urit ies and liab ility
(a) Risk s asso ciat ed with vari atio n betw een loan
atio n of thes e risk s with out
mat urit ies of com mer cia l ban ks and min imis 10
affe ctin g prof itab ility .
el, Mil ler & Orr Mod el and
(b) Dist inct ion betw een Bau mol 's Cas h-E OQ Mod 10
t of firm s.
Ston e Model pert aini ng to cash man age men
as prov ided by SEB I. 10
(c) Che cks and bala nces in Alg orith mic Tra ding
Blac k. 0
(d) Info rma tion rati o as deve lope d by-T reyn or and
s. 10
(e) Trad e-of f theo ry in capi tal stru ctur e deci sion

OicH'i:llif ~ qftvlll01*4\C\4 "$f ~ ~ ~

~ WlW T ~~
). (a) '~ fcffim
(~&ICl~ ~) CfiT ~ ~~ ~ 1"
3ltt f0rcf ~ cfiT ~ ;ftfu -q{
Cf)q-~-q)lf ~ -QB ~ 1R ~ ~ 'llT«fm

~ -srmq CfiT fCI !(~~OJ cf)) Nl tJ: I

fcffiflr ~-m cfiT
(b) '~ cfiT ~ -~mmr 31R&lUT 3"flq!(<£!Cf)(11 ~ :!Chlcil~
~if fCh~kH ~ ~~ ~'
qfn:jq~-mmffir 31R&lUT 3'11Cl~4Chctl, ~~
~ ~ Ocfl, CfiR1R ~ ~ 1" m-
3fu: -zyrr SfUIIkP"fl ~ <!!if?t<:fl('"Cf 3fu:
~ ~ Cf1T '8lOII~l'i:l"llc:-1Ff) fci~JI~o1 cf))RliQ>
(C\4Jrl01i;floi3TI 1R ~ cfilN=lq; I

-BRL -M-D PBA I 9

 (c) 1511fUI~Ch ~if>~~~ CfiT CJlffi;fl{OI
chlf':iQ> I tiT~ ti ~ chlNlQ>
fen ~ Jt04icn'"l ~ ~ fchm ~ ~ I m-fen;:r ~R14'i ~ 31tfR
~ ~ ~ WiT ~ fet>m 3p:f ~ CfiT ~ cfiT ~\Jli;;Jld ~ \iffifi. ~ ?
(d) ROA ~itt ROI ~ "C!fu:rrsrr ~ 31R ~ ~ ~ ilWiq: I ~en ~ CfiT
~ ~ .q fcmG;r c€1N1 0: 3-t~ ~ ~ ~ Cf)f Rcf"?;J""t chlNlQ\ I

(a) "Rapid financial innovations have led to the emergence of several new
near substitutes for money."
Discuss at least two such instruments and analyse their impact on the
monetary policy of RBI. 15
(b) "Asset-based reserve requirement of financial institutions as against
deposit-based reserve requirement of banks can go a long way in
preventing slippage in monetary policy transmission."

Critically analyse the statement and discuss the mechanism and

modalities of the two systems. 15
(c) Classify various securities investment of commercial banks. Also
mention how these are valued. Under what circumstances is migration
of securities from one category to another allowed ? 10
(d) Define and distinguish between ROA and ROI. Decompose these two
ratios into other ratios and interpret each of them. 10

Q7. (a) mEl~~~~~?

Cb) ~ P!~:tiCh ~ ~ fen ~'tlR >mR ~ Frh:r ~ ~ C!dl11'"1 250 3n'tlR ~311 ~
3Wt~m~,
l1R en Nll?\ fen ~ -um ~ 10 ~ ~ 3fu: ilf~l1 Cf)f{CO 5 ~ 1~
f.tq?:H "dlfmr 1R ~QR >mR 325 3TIQR ~311 (ICf) "3ltR "30 ~ GJT 190 3TIQR
~311 m ~, mP!~~~q; ~ ~ fcRRt -um ~~ -Mr ?
(Ffi ~
(c) CAPM* ~ ~ 31'tfR, ~ ~ oo' "<;f)) 3~t~{uf m%o ~ chlN1q: I

(d) '~ (fT;r ~ .q IPO if> ({_414~1~"H Rbtfl~'i CfiT fcl~0it~ol ~ ~ fen ~ .q

m ,
*
~I lOll ""4 1:J(R ~ ~ ~lOll <!II \J1 '"I Cfi8 ~ tft' G)--~ ~I cf\JI RCh Hrn:r 3N-:ft
~414"'1 ~ ~ ~ ~ ~ ~ qf{OIIlOJBH;:\q Pl~:tlq:) 31tH 1ro mm
~
~ Tfcrr W~ 1"

~~*~~~'q"{~~3fu:-;m~if>~~~~
~ ~ Tfl?\ ~ ~ Cf>T ~l0Jictl"Cl'ilrl1Ch fcl~0'lt~ol chlNll?\ I

IA-BRL-M-DPBA I 10
 (a) W ha t is a Cr ed it Fo rw ard
Co ntr ac t ?
(b) 5
An inv es tor thi nk s th at th
e cre dit sp rea d wi ll wi de n
cu rre nt 25 0 ba sis po int s for to mo re th an th e
an iss ue .
As su me th e no tio na l am ou
nt is~ 10 lak h an d th e ris
sh all be th e am ou nt rec eiv k fac tor is 5. W ha t
ab le/ pa ya ble by th e inv es
on settlem en t da te ris es t tor if cre dit sp rea d
o 325 ba sis po int s or go es
po in ts? do wn to 19 0 ba sis

(c) 20
Ex pla in 'Se cu rit y lVIarket
Li ne ' with ill us tra tio n un de
of CA PM . r the as su mp tio ns

(d) 10
"An an aly sis of th e pe rfo rm
an ce of IP Os po st- lis tin g
ye ars sh ow s th at two-t hir ds in th e las t thr ee
of th e pu bli c iss ue s we re tra
lis tin g pr ice ev en aft er ad din g be low th eir
jus tin g for th e ge ne ral de
Th is ha s res ult ed in inv est cli ne in th e ma rk et.
or s los ing mo ne y on th eir IP
O inv es tm en ts."
Di sc us s th e rea so ns be hin
d su ch a sta te of aff air s an
va rio us ste ps tak en by SE d cr iti ca lly an aly se
BI to remed y th e situatio n.
15
(a) m. ~ m. erR~~' 3~11:;{01
~<itt \R , 0·5 3 ~ Gftc:T (fq: )
PP•:rtfftfula ~ m ~ ~
~ ~:R)~ I ft fct:im ~:
31clfu ~ qftft~ ~ful~-:!ffi qftft~ ~qhft~
1 0·11 0·0 5 0·0 91
2 0·1 7 0·0 7 0·1 10
3 (0·02) 0·0 6 0·0 24
4 0·2 5 0·0 8 0·2 34
5 0·1 8 0·0 6 0·1 32
6 0·2 8 0·07 0·2 75
7 (0·08) 0·07 0·1 21
8 0·2 7 0·09 0·2 92
9 0·1 4 0·0 7 0 ·10 5
10 0·0 0 0·0 8 0·077
J,

~~ 3fu: -after \R 3W1lR ~ ~ ~ qf{Cfl e

ft=i cfilNtQ; I
:b) ~ >TCf)T{ m1f eftGr ~ f.!4~H ef))~Q\ I

M-DPBA
11
 cc) R1 r:t A4 *" o1 CfliT mor ~ ? cf;q Pt 4 i ~ 3th: Cf41 Rt PtA 4 ~ Cf)l Wftr Cf>«ft ~ ?
~ ~ f.rfq fenm \jff(ff t ~ ~ qf{;8qfu4l ~ ~ 1:R ~ ~ -a~
3iW~~?

(a) Prof. James C. Van Horne, by way of example, used the following data to
arrive at a Beta of 0·53.

Period Market Return Risk-free Return Stock Return

1 0·11 0·05 0·091
2 -u:-1'1 0·07 0·110
3 (0·02) 0·06 0·024
4 0·25 0·08 0·234
5 0·18 0·06 0·132
6 0·28 0·07 0·275
7 (0·08) 0·07 0·121
8 0·27 0·09 0·292
9 0·14 0·07 0·105
10 0·00 0·08 0·077

Show the model and make detailed calculations to arrive at the Beta. 30

(b) Interpret t he Beta so arrived at. 5

(c) What is Exch angeable Debt ? When and why -do companies issue
Exchangeable Debt ? What is t he likely impact on th e price of
underlying a ssets when such an issue is made? 15

IA -BRL-M-DPBA I 12
 A-B RL- M-D PBB

1 31f~ ~ : 2so 1
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lWT m1 m-~-"3W ~ il ~ ~ ~ C!iW ~ 31~ ~~~en)~ : <fiR ~I

COM ME RCE AND ACCOUNTANCY (PAPER

-II)
ITim e Allowed : Thre e Hou rs j
IMaximum Marks : 250 I
QUESTION PAP ER SPECIFIC INSTRUC
TIONS
(Plea se read each of the follo wing instr ucti
ons care fully befo re attem ptin g ques tion s)
The re are EIG HT que stio ns divi ded in
two Sect ions and prin ted both in HINDI
in ENG LISH . and
Can dida te h as to atte mpt FIVE que stio ns
in all.
Que stio n Nos . 1 and 5 are com puls ory
and out of the rem aining, THR EE are
atte mpt ed choo sing at leas t ONE que stio to be
n from each Sect ion .
The num ber of mar ks carr ied by a que stio
n/pa rt is indi cate d agai nst it.
Ans wer s mus t be writ ten in the med ium
auth oriz ed in the Adm issio n Cert ifica te whi
mus t be stat ed clea rly on the cove r of this ch
Que stio n-cu m-A nsw er (QCA) Boo klet in
spac e prov ided . No mar ks will be give n the
for answ ers writ ten in med ium othe r than
auth oriz ed one. the
Wor d limi t in ques tion s, whe reve r spec ified
, shou ld be adh ered to.
Ass ume suit able data , if cons ider ed nece
ssar y, and indi cate the sam e clea rly.
Atte mpt s of ques tion s shal l be cou nted in
chro nolo gica l orde r. Unle ss stru ck off, atte
of a que stio n shal l be cou nted even if atte mpt
mpt ed part ly. Any page or port ion of the
left blan k in the Que stio n-cu m-A nsw er Boo page
klet mus t be clea rly stru ck off.

1
[P.T .O.
 ~-A I SE CT IO N- A
1. PP•<iR1fu!ct en) ~ ~
(~ WIWT 15 0 ~ if)
Ex pla in the fol low ing (ea :
ch in ab ou t 15 0 wo rds
)
(a) Cfi1<f ~ Cfi1 Bm 10 x5 =5 0
n ~
Eq uit y Th eo ry of W ork
Mo tiv ati on
{b) ftorR ~ ft:r.s:Rl
Fig ure Gr ou nd Pr incipl
e
{c) fcl~t!flCf>{OI ~ q!iiiCf>{OI
Sp ec ial isa tio n vs. Pr ofe
ssi on ali sat ion
(d) 3i~Cfllfu>Cf> ~ (l~ ~
fcr;:it
Int erp ers on al Co nfl ict an
d Jo ha ri Wi nd ow
(e) WTo.r if ~ ~ ~ 31C!'QR
UTT
Co nc ep t of Di ve rsi ty an
d Inc lus ion in the Or ga
nis ati on
2. {a) wn:r ~ ~oq ~ Cf>S:4R41
if~ cn1 3lT11 ~ ~ -B fcfiB >JCflR
~if fclf~ Cf>I4C!IPllll ~~ ~ cntrt?
cfit ~ Cfil ~~I~~
fu"Q: 3lT11 ~ --B cg q ~? i f ~ ~ cnl ~ ~ ~
Ho w do yo u dif fer en tia
te Te am s fro m Qu ali
Ma na ge me nt Co mp an ies ty Cir cle s in To tal Qu
? Hi gh lig ht the rol es of va ali ty
cir cle s. W ha t ste ps wo rio us fun cti on ari es of qu
uld yo u su gg est to im ali ty
org an isa tio ns ? ple me nt qu ali ty cir cle s
in b ig
(b) "~ ~ "B, Ollfdi•lct 20
~ ~ ~ ~ (l~ Bcf
~ ~ t I Bfilfctt~i, \Jil B4!fct 1:1\ ~ ~ fu"Q: ~
fen B'"(t\Bl"l "B ~ waT t fen "B B'"(t~m"l
<m•ctfclCf> liflliCf>"i <& ~ ~ 1J;Cf> f.roP:r if ~Cf>P:lCf> ~ ~
~ i 3ft\ 3iW I fcFrn ~.
G¢IT ft<n ;;nm t , ~
~ 3i ~ 31~1Cf>Ri4 1~cnlon 'Cf>l
Bcfw11Rt t! ~ ~ fuQ, ~ wfft ~
1" w
~ fen fcfiB >JCflR ~ <n?.R <& oc:rr&n ~ ~
ti11oofll! ctlct l<:t(O I ~ ~ fu1
fcrcrrtt Cfi1 ~ -m, ; ~ -B :mm cta ~ i fen ~
~
"E sse nti all y, gro up thi nk
res ult s fro m the pr es su
co nfo rm an d rea ch co ns res on ind ivi du al me mb
en su s. Co mm itt ee s th at ers to
are so be nt on rea ch ing are su ffe rin g fro m gro up thi
co ns en su s th at the re nk
alt ern ati ve co ur se s of ac is no rea lis tic ap pra isa
tio n in a de cis ion , an d de l of
vie ws are su pp res sed ." via nt, mi no rit y or un po
Ma kin g an an aly sis of pu lar
ma na ge me nt is ex pe cte thi s sta tem en t, sta te
d to be inc lus ive of all ho w
org an isa tio na l cli ma te. vie ws for cre ati ng dy na
mi c
{c) "ti ' Ia;f\ll ~ cnr:f-fcrm~, 20
i"Shlll Cf>~ 141 Cfi1 B'"(~Cf>(OI , i"Shl
~ 'Cf>l >r~ Cfi{ (f[ i1 '' llc:ti~ 141 if ~ ~ 'CfiT<lT
~ cn?.R ~ -qf&~ if ti•1a;ft ctrr wn:r
ll GR ~ fcfl~ ~ Cfi1 ~
"O rga nis ati on str uc tur ~~
e inf lue nc es the div isi
act ivi tie s, co ord ina tin g on of the tas ks , gro up
the act ivi tie s an d the ov ing of
tas ks ." In the lig ht era ll ac co mp lis hm en t of
of thi s sta tem en t, dis the
org an isa tio n str uc tur e. cuss va rio us co mp on en ts
of
10

2
3. (a} "m ~ ~ C>QICl("llf4ct> ~it~~ am 'i<ll>ICld'i WRH ~ 31~ ~ ~ ~
Jiti\'ti:lt'f men %1"
~ ~ "it ~ ~~ICllflfctl ~ ~ ~ ~ ~ ~ ~ O<ffi§ln
~ ~ fcR:r ~ ~ 3i!CfiR, G'RrT, ~. W'l1mfl om ~ "it ~ ~ %?
"In today's dynamic business environment, continuous learning and
innovation is important for survival of organisation." In view of this, explain the
role of culture in increasing organisational effectiveness. How is the culture
linked with size, structure, complexity, diversity and leadership? 20

(b) ~~am ~o:{!Bklfr't«f ~~~~~ I ~ %R ~ ~ ~ ("IIAI'"""ldlll

"W1cR
~ ~ ~ 31cl~ q;r ~RISf11"101 ~ ~I" ~ en~ ~ ~ "it ~ ~ CfiT ~mctt ~ "it
~mf en\~~~~~~ IOit\ti:l'{?f {OI;f\rn<Otl CfiT ~a;JUT ~I~ >fCf>R ~ ~'
m ~ ~rctfc:t>Pf<kl ~ ~icHl!Cf>dl CfiT ~O&If."8ct> 31Ttm >fGR ~ ~?
"The organisation is made up of overlapping and interlocking role sets. These
role sets would normally transcend the boundaries of the classical conception
of organisation." In view of this statement, examine the important strategies
that can be used to manage intergroup conflict effectively. How do these
dynamics provide theoretical foundation for the need of today's interfunctional
team? 20

(c) ~ <Fn ~? <Fn ~~it~~ CfiT{ ~

:m'l1cfl{UI fusrcfi %? ~ ~3=!1 ~
'@=IT~ ~ ~ CfflT ~ ~ ~ ~ ~?
What is agency problem? Do you find any such problem in Indian
organisations? What steps can be taken to solve such problems? 10

4. (a) ''mq~ ~~~~WI~ wH~it~~WT~ ~ mroCfiT~<n

~ Cf>G q;r w:rrn ~ ~ 1'' ~ en~ ~ w~ ~ <Fn ~? ~ 311~ ~ <Fn ~?
"Impression management is the process by which people attempt to manage
or control the perceptions others form of them." What are the possible
implications of this statement? What are its identifiable components? 20

(b) "C>QIClti(lf{Cf> ~ ~' ~ ~'ld4lll ~ CfiT ~ ~ ~ f.rmfuf Cfi<'1T W'l1ct -;fflT %fef; ~ ~
WlcH Chrstl<fd 312TCIT ~I ~ CfiRCfi ~ %fef; ~ tR F!fic;;rr f.rufll';r >ffirmfui fcnm Tf<n %
fclthKd
3fu: fef;o;rr "f.n:;f m -cn: ~ fcn<n rr<n ~ 1'' ~ en~ CfiT ·11ttaJUT ~ iffif CfiT 'UlR it wa~
~ fef; ~ ~ ern it ~ctt~ WT31 <i~'Oi:!< ~ ~ 1
"Practically, it is not possible to determine whether an organisation is
centralized or decentralized merely by looking at the organisation chart. The
determining factor is how much of the decision making is retained at the top
and how much is delegated to the lower levels." Examine this keeping in mind
that team-oriented organisations have emerged in recent years. 20

3 [P.T.O.
 {c) &lCl<_;lftd ~ <Ml qftC
JJ;ft;q ~ cfit ~ ~3li it ~ ~
qf{q<f.fl"-l ~ cfit 3ilcF("- I :m'~ ~ ~
lCfldl cp:ft ~? ~ WrcR it~~~~~ c8
Di ffe ren tia te the ke ~ fenliT "ff BCRIT ~?
y ch ar ac ter ist ics of
Tr an sfo rm ati onal Le ad Tr an sa cti on al Le ad er
ers hip . W hy do mo st sh ip an d
tra ns fo rm ational lea de of In dia n or ga ni sa tio
r? Ho w ca n su ch lea de ns ne ed
th e or ga nis ati on ? r be de ve lop ed an d pr
om ote d in
10
~-B I SE CT IO N- B

s. f.p•~Riffsia Cf>1 ~ ~
(~ ~'T 15 0 ~
Ex pl 'ij) :
ain th e fol low ing (ea ch
in ab ou t 15 0 words )
{a) fii41MCfl ~ 10 x5 =5 0
cfit >l'i1Cl't?h11
Ef fec tiv en es s of So cia
l Di alo gue
(b)~~
Re tai nin g Ta len t
(c) 3fl•difiiCfl ~ ~.
19 47 ~ ~ ~ (f~
Ge ne ra l Pr oh ibi tio n on
St rik es an d Lo ck ou ts
dli11ci!<'<ft 1R "fl'l11'PT m<a
un de r ID Ac t, 19 4 7
(d) ~ ~a:rcrr
Co mp en sa tio n Su rv ey
(e) 36 0 ft!fi ::l)•Ht'Cl'll ~
36 0 de gree Fe ed ba ck
Sy ste m

6. (a) "<q ffif .q ~ fcml2ff ~u;sPII{l -<lTRf ww

n B >r~ ~ 3fu: ~ f.r%:n1 ~ m
fcml2ff ';{ ~Chli1~ ~ ~~~ ~ ~
cfit ~en\'\%~ 1" ~
~ 'Cfl'ROiT -q;ct ~ c€1 an &n ~I
tJftowit CfiT ~ m ~~
~ om ~ ~u\3t•IID
'Cf1T4-~ mwr ~ 1 -~ 'fllWfl ~ ~ ~
~
"P ro fes sio na l stu de nt
s in In di a ar e fac ing th
In di an em plo ye rs ar e e pr ob lem of un em plo
cri tic izi ng th e pr of es sio ya bil ity an d
stu de n ts as pe r th eir na l ins tit ution s for no
sta nd ar ds ." Ex pla in th t pr od uc ing
re as on s an d co ns eq ue is sta tem en t. Al so ide
nc es for th is iss ue , an nti fy th e
th is un em plo ya bil ity d su gg es t ac tio n pl an
pr ob lem . to ov erc om e
(b) ,,~ ~ .q ~ '3'UI1 ~ f.l<:l1mT cf;t ~ CfiP 20
~ ~ ~ Cf>1 miD
fuf ~ ~ ~ trwm: q;) Cf1l"l' cnB
~ ~~
ti " ~~~it~ 'Ch~ 1R
'Cf1T4-~ ~ I ~ ~ (f~ ~ ~ 1J,'
Cfl
"In th e cu rre nt sc en ari
o, pu bli c en ter pr ise s ar
th eir do wn siz ing pr e wo rk ing as mo de l em
og ram me h as da un ted plo ye r bu t
sta tem en t in th e co nte thi s ph ilo so phy." Co mm
xt of In di an scenario en t on th is
th em . and su gg es t an ac tio n pl
an for
20

4
1
1
.I
 (c) '''1-lmf i! ~'Q ii ~ ~~ ~ WlWT ~WI~~~ ;r <it iff~ m~ tR
;mt:rrfti ~3fR ;r tt ~ i! ct>1<fct>1£l1" ~ m t Cll\iiC:HOI t ~ 3'iH<;Il(l ~ "Cfl1 "lfttPJUT
~ ~ ~ 3ltt 31f'CfCfl -srmcft ~ ~ ~ ~ ~ ~ I
"Workers' participation in manageme nt sch eme in India is almost a failure
because it is neither based on sound foundation nor workable in practice. "
Examine the factors responsibl e for creating this environme nt and suggest
rational measures to make it more effective. 10

7. (a) 'lJ;Cfl Wfo;r i! ~ ~ ~ CfllNif{4J ~ >rfu~ ~ !!'"l=t:lfg4 cfiT ~~Cl~4Cflctl m<fi ~I lfRCf
lffiloq;r fcr'WT C!>T WTo.:r it ~ fcfiB m ~'QO cnGT ~? ~~ ~ ~ ct>4=t:lJf{;ql cfiT
~~ ~ ~ c:rrR 'ffqrf C!>T ~ ~ ~~ m IDD Cfll1 CfiGlf m o~ ~ ffi1L f<f>4 ~
~?
A process of digitalizati on in an organisati on requires training and reskilling of
employees . How should HR Departme nt manage this in the organisati on? What
steps and measure should they take to minimize the conflict arising out of the
redeploym ent of employees after the training? 20
(b) "Wfo;T ~ >l"ffi 5lf<tGI""'C11 ct>l4fl""tlf! o~ ~ ~ i! ~m Cf>1 fetct>fuct enG i! 4~~\f?f ~
f.r~ ~ 1" ~ 'Cfl~ cfiT 'llT{'(l' i! ~ ~ ~ !>l~ilfT1cfil ct>P1R4l ~ ~~ i! a:rr&n ~ I
"Commitm ent to the organisati on plays an important role in developing
relationsh ip between job satisfactio n and labour turnover." Examine this
statement in the context of major IT companies working in India. 20
(c) "~ ~ 'CflT >MTCft ~ ~ a~ ~ ~ ~ 'B\fl ~~Cl~4ct>ctl~ ~ ~ ~' ~
· m, ~ ~ft-q"itH 3fu: ~ ~t:rcfil<r ~ ~tt -~~tl" ~ 'Cfl~ tR ~ ~ ~ 1TTRt
~ ~ cfiT ~I<H4Cfldl 'CflT ii_t"'<lict>"l ~I
"Effective administra tion of incentive scheme is possible only when all the
prerequisi tes such as good methods, good standards , good scheduling and
good manageme nt practices are present." Comment and evaluate the need for
guarantee d day wages. 10

s. (a) "~ ~tt 'CflT ~~ lfRCf ~ ~ ~ ~ ~mch'lon CfiT -qfturrq- ~ ~ ~ 'Cflll1;ft C!>T
3TI"Cfl1\ ~ c:rrR ~ ~'QCfil' 'CflTlii' ~ a'Cfl fcn ~ C!>) ~ enG ~ttl ~ C!>) wrrf%o
Cf>\ffi ~ 1" ~ ~ CfiT ~l(.•?i=t:l9Jk4Cfi tR\PJUT ~ 3fR Wfo;r i! ~ Ci>) ~ 'Cfl"G ~ ~
~ t ~ {UJ;ftf<t<jj ~I

"The emergence of Talent Manageme nt is the result of changing orientation s of

Human Resources Manageme nt as it involves all the managers shaping the
company, the jobs even the strategy to attract talented people." Critically
examine the statement and suggest strategies for attracting and retaining
ta lent in the organisatio n. 20

5 [P.T.O.

:,:
fbJ lil«i t ~~ {f~ l';ll1 ~ it ~ Cf1T fft4t~'h w~ ~ ~t~ it fcnB ~ ~ )f[Cf~ m
TJit %7 ~ (<t"i~<ilt'Jll t m~ -B {01 141RI'h W:~ID ~~ CfiT ~ >ICfiR ~ ~ -;m m1 %7
What type of provisions relating to social security for workers are provided in
the Constitution and Labour Laws in India? How can such social security
benefits be improved through collective bargaining? 20
(c) "m~ CflT ~ ~ ~ ~ ~ 4·il~~IR'h qf(q$('11 <rm >l"'lOJICl~f\'11 >rrn "CfiG <r~ Wl<H t
m~ 3H1f.ff%a m
~ t ~ ~ CfiBl %1" ~ <rm ~ m~ ~ 31RCll4ot3l't ~
-:q:qf ~I
"The main objective of mentoring is to help an employee attain psychological
maturity and effectiveness and get integrated with the organisation." Elucidate
and discuss the essentials of successful mentoring. 10

***

6 884-400