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IMPORTANT QUESTIONS
B.Com II

IX,X,XI,XII,B.COM.I & II, M.A.(Eco. & IR.) SCIENCE & COMMERCE APTITUDE TEST PREPARATION

COMPUTER CENTRE ENGLISH LANGUAGE CENTRE

THRESHOLD COLLEGIATE
1st Floor Zainab Manzil, Karimabad Ph: 021-6826594 Cell: 0300-2128563

MANAGEMENT
1. 2. 3. 4. What do you understand by Management? Discuss the 14 principles of Henry Fayol. Explain briefly the universal functions of a Management? Coordination is essence of manager ship Discuss OR Management is getting things done through people. Discuss Discuss various stages of American capitalism. Define decision making? Explain the guidelines of decision making. Discuss various steps involved in problem Analysis Distinguish between Delphi and Nominal techniques? Discuss Japanese & Rational Decision making Define planning and what are the steps involved in planning? What is the difference between procedure, Rules and policies? Define M.B.O Briefly discuss the various activities performed in it. 14. control. 15. system? Explain the characteristics of a good controlling Planning is looking ahead and controlling is looking behind Discuss 17. 18. 19. 20. 21. methods. 22. 23. 24. Explain line & staff authority. Define leadership, Discuss different theories of leadership. What is motivation? Discuss the following theories a. Maslow theory of humanistic approach Briefly discuss various types of control. Define budget what are its various types. Define Departmentation What are the important basis of it. Name the various steps involved in staffing process. Discuss in detail various types of orientation and training Define controlling State the basics steps involved in

5.
6. 7.

8.
9.

10.
11. 12.

13.

16.

b. c. 25. 26.

Theory X and Y Two factor theory

Explain the communication process. And Describe the medias to carry the message. Identify the barriers of communication Describe different philosophies of communication Define groups? What are the various types of groups. How group members rank. And what factors lead the information of groups? How do groups grow? What is meant by organization? Discuss basic elements of

27. 28.
29.

30. 31.

organization. Short notes: 1. 2. 3. Human Balance Sheet Inventory Chart Muslim Ethics Span of control/Managment Performance appraisal Maslows self actualization person Hawthron Effect Types of budget

4.
5. 6.

7.
8.

AUDITING
1. 2. 3. 4. Define Auditing and what are the objects of Audit? Explain the rights and duties of an independent and company Auditor. List out the steps taken by Auditor before commencement of Auditing. Distinguish between the following: a) b) c) Auditing and Accounting Auditing and investigation Interim Audit and Continuous Audit

d) e) f) 5. 6. 7. 8. 9.

Management Audit and private Audit Government Audit and Annual Audit Internal check and internal Audit

Define errors and Fraud. what are the types of errors and Fraud. Define Audit program. Explain the different types of Audit program. What are Audit working papers? What are the usual contents of a working paper. Vouching is the essence of Audit. what points should be observed while examining and vouching of a company? Audit working papers are property of Auditor. Discuss.

10. Define internal control. What are objectives and types of internal control.

11. 12.
13.

Describe essential features of internal control also discuss which kind of interest an auditor may have in internal Audit. List the basic Audit Techniques of Audit. Discuss any three of them. List the basic Audit Evidences. Discuss any three of than. What is divisible profit. Explain in detail the difficulties in determination of divisible profit. Draft an qualified audit report for the shareholders of the company SECTION B

14.
15.

1. 2.

Explain the powers and functions of C.B.R What do you mean by self assessment scheme write its main features. What is the basic of income tax law and practice in Pakistan. Describe the powers and function of income tax officers. Short Notes: 1. 3. 5. Total taxable income Assesses Previous Year 4. 2. 6. Person Registered Firm Resident and nonresident

3. 4.
5.

7.

Appellate Tribunal

8.

Income Year

BUSINESS COMMUNICATION
1a. b. 2. 3. 4. 5. 6. 7a. b. 8a. b. 9a. b. 10. Define business communication. Why it is called the life blood of Business? Explain briefly the factors of communication. Why is it necessary to plan business communication? Name the various principle of communication. Discuss any three principles. Describe the legal aspects of DEFAMATION are INVASION OF PRIVASY in reference to business communication. What is business communication? Differentiate between verbal and non-verbal communication. Signify the importance of OPENING and CLOSING paragraphs. What methods would you follow to become an effective interviewer? Define listening. State the result of good listening. Explain any seven Commandments for good listening. State the responsibilities of a Listener. Define interview, and describe various kinds of interviews. What is the importance of opening paragraph of a Business Letter? What suggestions will you give to make it effective?

What do you mean by leading and Participation? Discuss the types and state the steps for preparation and procedure of conducting a meeting. 11a. What part does the DICATATION play in communication? b. What are the faults of DICTATION? What steps can be taken to overcome them? 12a. Define the term MARKET. b. State the function and contents of Market Report. 13a. b. 14a. Explain the concept leadership in business. State the various function of a leader. Difference between Sales Letter and Sales promotion letter.

b.

As a purchase manager of Zoya Samee Paradise Company. Shahbaz Avenue DHA, Karachi Write a good order letter for the supply of one hundred Skyrocket motorcycles recently launched in Pakistan.

15a. The Resume provides a quick means of referring to factual details. Explain the statement and state the contents of Resume. b. As per advertisement in DAWN of its Sunday issue, Kashif industries, Karachi requires the services of a computer literate Commerce graduate to work as Assistant Accountant. 16a. What is business report. How is business report classified? b. Define Business report and its characteristics. 17a. b. 18a. What do you mean by letter of order? Define an inquiry letter, asking about the cause of delay and expected date of deliver. Assume necessary details. Briefly explain a Claim letter. Draft a suitable letter of Adjustment acknowledging the complaint and satisfying the disgruntled part. Assume any necessary particulars.

b.

BUSINESS LAW
1a). b. 2a. b. 3. 4a. b. 6a. b. 7a. b. 8. 9a. Distinguish between valid and void contract What are the essential of Proposal & Acceptance? What do you understand by Capacity of parties under Contract Act 1872? What is the position of a contract with minor in Pakistan? Is there any contract with minor is valid? Explain. (i) (ii) Define performance of contract. Define breach of Contract.

Distinguish between Sale and agreement to sale. Give the rights of unpaid seller. Define CONSIDERATION under Contract Act 1872. What are the exceptions to the rule No Consideration. No Contract? How contract is classified? State the essential elements of an offer. Define free consent. What are those factors, which influence it? Discuss. What do you understand by bailment?

b. 10a. b.

What are the rights and duties of bailor?

Discuss the nature and extent of the liability of a surety. What rights if any has the surety got against (1) Principal debtor (2) The creditor (3) The Co-sureties?

11a. Define Common Carrier and its duties. b. Distinguish between Charter party and Bill of Lading. 12a. Define Negotiable Instruments. b. Explain the types of Negotiable Instruments. 13a. b. 14a. b. 15a. b. 16a. b. Distinguish between the Contracts of Guarantee and Indemnity. How a Surety is discharged? What are the different ways for creation of Agency? Give the rights and responsibilities of an Agent. Define Price how it determine under Sales of Goods Act. Describe different kinds of goods. Describe the rights and duties of common Carrier. Define Character Party. What are implied warranties in contract of carriage by sea.

17a. Define Endorsement and state its kinds. b. Distinction between bill of exchange and cheques. 18. 19. How labour Court Constituted? What are the main functions of a Labour Court? What are the provisions for: (i) Daily Hours, (ii) Weekly Hours, (iii) Weekly Holiday, in Factories Acts. What are the facts under which an employer is not liable to pay compensation under workmens Compensation Act 1923? What are the power and duties of inspector & Certifying Surgeon under Factories Act 1923?

20. 21.

22a. Define collective bargaining Agent (CBA) and its duties. b. What are the essential of Industrial disputes, define. 23. 24. What do you know about the holidays and working hours under factory act. What are the restrictions on the employment of Women and Children and adolescents? Describe.

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25. 26. Write a brief account of the provisions relating to Health and Safety of Workers under Factories Act. Define strike and Lock out. Also state when strike shall be illegal.

IMPORTANT QUESTIONS
B.Com I

IX,X,XI,XII,B.COM.I & II, M.A.(Eco. & IR.) SCIENCE & COMMERCE APTITUDE TEST PREPARATION

COMPUTER CENTRE ENGLISH LANGUAGE CENTRE

THRESHOLD COLLEGIATE
1st Floor Zainab Manzil, Karimabad Ph: 021-6826594 Cell: 0300-2128563

INTRODUCTION TO BUSINESS
Q.1(a) Discuss the scope and objectives of business.
(b) What are the effects of Privatization over economy of Pakistan? (c) Explain any 4 environments which effect business activities.

Q.2(a) Define TRADE and COMMERCE. (b) Explain the various problems faced by a business main establishing a business. Explain in detail. Q.3(a) Differentiate between Capitalism & Socialism. (b) State the Economic System which has been followed in Pakistan. Q.4(a) Enumerate the characteristics of MIXED ECONOMY. (b) Describe Social Responsibility of Business. Q.5(a) (b) (c) (d) Q.6 Differentiate between sole proprietorship and partnership Discuss the main feature of a Joint Stock Company. Differentiate between Private and Public Company. Prospectus Define the following terms (i) Partnership deed (ii) Formation of joint stock company (iii) Clauses of Memorandum and Articles of Association

Q.7(a) Discuss the importance of FINANCING BY LEASING, in modern day of business. (b) Briefly explain the classification of CAPITAL MARKETS. Q.8(a) Define Insurance. Briefly explain various types of insurance. (b)What are different types of business goods. Q.9(a) (b) What do you mean by channel of distribution? Describe the importance of middle men in the manufacturer?

Q.10(a)Define Marketing and narrate its importance in the modern business world. (b)Why many departmental stores have not been established in Pakistan? Q.11(a) State the role of multinational companies in the industrial development of Pakistan. (b) Write a short essay on personal management. Q.12(a) Define Combination? Give reasons which lead to establishment of Business Combination. (b) Describe Syndicates and Pools. Q.13 State the services of the Whole Seller to the (i) Manufacturer and (ii) Retailer Q.14(a) List and Explain the Business Risks? (b)Write down the characteristics of an Insurable Risk. Q.15 (i) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) Write short notes on any FOUR of the following. Advertising (ii) Market Segmentation Departmental Store Functions of Stock Exchange Product life cycle Chain stores Inventory control Qualities of a good business man Tariff Stock Exchange Free Trade Major Transportation System in Pakistan Orientation and training

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ECONOMICS
Q.1(a) (b) (c) (d) (e) MICRO ECONOMICS Economics is the science of scarcity and choice. Elucidate. Explain Micro and Macro approach to the Economic Analysis. what is the importance of economics in our daily life? Describe the scope and nature of Economics. Describe the methodologies of Economics.

Q.2(a) Explain Marginal Rate of Substitution. (b) Explain why consumers Indifference Curves have (i) negative slope (ii) do not intersect and (iii) Convex to the origin. (c) How does a consumer achieve Equilibrium? Explain with the help of Indifference Curves Technique. (d) what will be the effect on Consumers Equilibrium of (i) Income (ii) Price (iii) Substitutes

Q.3(a) Distinguish between Monopoly and Monopolistic Competition. (b) Explain with the help of diagrams the determination of short run and long run Equilibrium of a firm under Monopolistic Competition. Q.4(a) Differentiate between PURE COMPETITION and PERFECT COMPETITION. (b) Explain with the help of diagrams the determination of short run and long run Equilibrium of a firm under Monopolistic Competition. (c) Under what conditions a firm under PERFECT COMPETITION stops its production. Explain with the help of a suitable diagram. Q.5(a) (b) Q.6(a) (b) (c) (d) Explain Law of diminishing marginal returns with the help of schedule and diagram. Why is it especially applicable in the field of agriculture? Explain the concept of ELASTICITY OF DEMAND. Explain different degrees of Elasticity of demand. What are the different methods for the measurement of Elasticity of demand? Explain: (i) Price elasticity of demand (ii) Income elasticity of demand (iii) Cross elasticity of demand State and explain Law of diminishing Marginal Utility with its assumptions State and explain Law of Demand and Supply with its assumptions Write (i) (ii) (iii) (vi) notes on any Two of the following: Micro and Macro Economics Change in Quantity Demanded and Change in Demands Point Elasticity and Arc Elasticity of demand Average Revenue and Marginal Revenue curves under perfect and imperfect competition (vii) IC and ISO Product (viii) Budget Line and ISO Cost line (ix) Economies and Diseconomies of Scale (b) Define the following terms (i) Price Discrimination (ii) Optimum Factor Combination (iii) Market Period, Short Period and Long Period (iv) Oligopoly, Duopoly (v) Law of variable Proportions MACRO ECONOMICS Define National Income, and explain the various methods of measurement of National Income. What is the importance of the Study of National Income?

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Q.7(a) (b) Q.8(a)

Q.9(a) (b)

Q.10(a) (b) Q.11(a) (b) Q.12(a) (b) Q.13(a) (b) (c) Q.14(a) (b) Q.15

Distinguish between A.P.S and M.P.S. What are the factors that determine saving in an economy? Explain. Distinguish between Consumption and Consumption Function. Explain the factors, which determine the Propensity to consume. Define INVESTMENT. Distinguish between AUTONOMOUS INVESTMENT and INDUCED INVESTMENT. Discuss the factors which influence Investment. What factors govern the level of Employment in Free Enterprise Economy, according to Keynes explain and illustrate. How the equilibrium level of National Income is determined? Does Equilibrium always takes place at the full employment level? Explain the principles of Effective demand. Draw diagram to explain your answer. Explain the concept of Multiplier. Calculate the value of Multiplier and its effects on National Income in the following condition. When investment is increased by Rs. 10,000/= (i) MPC= (ii) MPS = 0.5 Sort notes: a) Phases of trade cycle b) MEC c) Inflationary and deflationary Gap d) Acceleration Principles e) Concepts of National income f) Monetary and Fiscal Policy g) Kinds of un-Employment ISLAMIC ECONOMICS Describe the objectives of Economic System of Islam. What are the basic problems of any Economy? Explain how are these problems resolved under Mixed Economy? In what respects Islamic economic system is superior to Capitalism and Socialism. Discuss with arguments.

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Q.16 Q.17 Q.18

1. 2. 3. 4. 5. 6. 7. 8.

PAKISTAN STUDIES Discuss the services of Shah Vali Ullah for the revival of Islam in India. Describe the various problems faced by the new born state of Pakistan. Write the important political and historical events from 1906 to 1930 of Pakistan history. Write the basic principles of Pakistan Foreign Policy What were the causes of war of independence 1857? Describe the effects of this war on the Muslims of South Asia. Describe the role of Sheikh Ahmad Sirhindi as Pioneer of Islamic Renaissance in South Asia. Being dependent on the western world for defence and economy can Pakistan adopt an Independent Foreign policy? Discuss. Write notes on the following: (a) Role of Pakistan in O.I.C (b) SAARC

(c) (d) (e) (f) (g) (h) (i) (j) (k) (l) 10. 11. 12. 13.

The role of I.M.F and World Bank in the Pakistan Economy Relation of Pakistan with India in the light of Kashmir Urdu as National Language Islamic ideological Council Culture heritage of Pakistan Ideology of Pakistan Due to current Earthquakes, Pakistan is facing is facing the situation of war. Elucidate. U.N.O Describe the differences between Rural and Urban societies in Pakistan The Middle East Crises

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Explain the ideology of Pakistan in the light of Quaid-e-Azam statements. Why did the Muslims of the Indo-Pak Subcontinent demand a separate Home Land for themselves? Explain the role of Quaid-e-Azam Muhammad Ali Jinnah as an Ambassador of Hindu-Muslim unity. Explain Pakistans relations with the Muslims World keeping in view the objectives of its foreign policy.