UPKAR PRAKASHAN, AGRA–2

ByDr. L. N. Koli

[M. Com. (ABST), NET (JRF), SLET, Ph.D., D.Lit.]

&Madan Singh

© Publishers

Publishers

UPKAR PRAKASHAN(An ISO 9001 : 2000 Company)

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ISBN : 978-93-5013-575-4

Code No. 1861

Printed at : UPKAR PRAKASHAN (Printing Unit) Bye-pass, AGRA

CONTENTS

● Previous Years’ Solved Papers

Part-A (Core Group)

Unit–IBusiness Environment ............................................................................................ 3–50

* Objective Questions ........................................................................................... 33

Unit–IIFinancial and Management Accounting ................................................................. 51–132

* Objective Questions ........................................................................................... 107

Unit–IIIBusiness Economics ............................................................................................... 133–177

* Questions ............................................................................................................ 162

Unit–IVBusiness Statistics and Data Processing................................................................. 178–233

* Objective Questions ........................................................................................... 219

Unit–VBusiness Management ............................................................................................ 234–289

* Objective Questions ........................................................................................... 275

Unit–VIMarketing Management ......................................................................................... 290–329

* Objective Questions ........................................................................................... 316

Unit–VIIFinancial Management ........................................................................................... 330–366

* Objective Questions ........................................................................................... 351

( iv )

Unit–VIIIHuman Resource Management............................................................................... 367–405

* Objective Questions ........................................................................................... 392

Unit–IXBanking and Financial Institutions ......................................................................... 406–460

* Objective Questions ........................................................................................... 441

Unit–XInternational Business ............................................................................................ 461–499

* Objective Questions ........................................................................................... 486

Part-B (Optional)

Elective–IAccounting and Finance ......................................................................................... 500–546

* Objective Questions ........................................................................................... 528

Elective–IIMarketing ............................................................................................................... 547–587

* Objective Questions ........................................................................................... 575

Elective–IIIHuman Resource Management............................................................................... 588–621

* Objective Questions ........................................................................................... 607

Elective–IVInternational Business ............................................................................................ 622–657

* Objective Questions ........................................................................................... 642

Elective–VIncome Tax Law and Tax Planning........................................................................ 658–688

* Objective Questions ........................................................................................... 680

SYLLABUS

PAPER–II & III (A)(CORE GROUP)

Unit–IBusiness Environment

Meaning and Elements of Business Environ-ment.

Economic environment, Economic Policies,Economic Planning.

Legal environment of Business in India,Competition policy, Consumer protection,Environment protection.

Policy Environment : Liberalization, Priva-tisation and globalisation, Second generationreforms, Industrial policy and implementation.Industrial growth and structural changes.

Unit–IIFinancial & Management Accounting

Basic Accounting concepts, Capital andRevenue, Financial statements.

Partnership Accounts : Admission, Retire-ment, Death, Dissolution and Cash Distribution.

Advanced Company Accounts : Issue,forfeiture, Purchase of Business, Liquidation,Valuation of shares, Amalgamation, Absorptionand Reconstruction, Holding Company Accounts.

Cost and Management Accounting : RatioAnalysis, Funds Flow Analysis, Cash FlowAnalysis, Marginal costing and Break-evenanalysis, Standard costing, Budgetary control,Costing for decision-making Responsibilityaccounting.

Unit–IIIBusiness Economics

Nature and uses of Business Economics,Concept of Profit and Wealth maximization.Demand Analysis and Elasticity of Demand,Curve Analysis, Law.

Utility Analysis and Indifference of Returnsand Law of variable proportions.

Cost, Revenue, Price determination indifferent market situations : Perfect competition,Monopolistic competition, Monopoly, Price dis-crimination and Oligopoly, Pricing strategies.Unit–IVBusiness Statistics & Data Processing

Data types, Data collection and analysis,sampling, need, errors and methods of sampling,Normal distribution, Hypothesis testing, Analysisand Interpretation of Data.

Correlation and Regression, small sampletests—t-test, F-test and chi-square test.

Data processing—Elements, Data entry, Dataprocessing and Computer applications.

Computer Application to Functional Areas—Accounting, Inventory control, Marketing.

Unit–VBusiness Management

Principles of Management.

Planning—Objectives, Strategies, Planningprocess, Decision-making.

Organising, Organisational structure, Formaland Informal organisations, Organisational culture.

Staffing.

Leading : Motivation, Leadership, Commit-tees, Communication.

Controlling.

Corporate Governance and Business Ethics.

Unit–VIMarketing Management

The evolution of marketing, Concepts, Con-cept of marketing, Marketing mix, Marketingenvironment.

( vi )

Elements of consumer behaviour, Marketsegmentation.

Product decisions.

Pricing decisions.Distribution decisions.Promotion decisions.

Marketing planning, Organising and Control.

Unit–VIIFinancial Management

Capital Structure, Financial and Operatingleverage Cost of capital, Capital budgeting Work-ing capital management Dividend Policy.

Unit–VIIIHuman Resources Management

Concepts, Role and Functions of HumanResource management, Human Resource Planning,Recruitment and Selection Training and Develop-ment, Succession Planning.

Compensation : Wage and Salary Adminis-tration, Incentive and Fringe benefits, Morale andProductivity.

Performance Appraisal.

Industrial Relations in India, Health, Safety,Welfare and Social Security, Workers' Participa-tion in Management.

Unit–IXBanking and Financial Institution

Importance of Banking to Business, Types ofBanks and Their Functions, Reserve Bank ofIndia, NABARD and Rural Banking.

Banking Sector Reforms in India, NPA,Capital adequacy norms.

E-banking.

Development Banking : IDBI, IFCI, SFCs,UTI, SIDBI.

Unit–XInternational Business

Theoretical foundations of international busi-ness, Balance of Payments.

International liquidity, International Econo-mic Institutions—IMF, World Bank IFC, IDA,ADB.

World Trade Organisation—Its functionsand policies.

Structure of India's Foreign Trade :Composition and direction, EXIM Bank, EXIMPolicy of India, Regulation and promotion ofForeign Trade.

PAPER–III (B)[ELECTIVE / OPTIONAL]

Elective–I : Accounting and FinanceAccounting standards in India, Inflation

Accounting, Human Resource Accounting, Res-ponsibility Accounting, Social Accounting.

Money and Capital Market, Working of Stockexchanges in India, NSE, OTCEI, NASDAQ,Derivatives and Options.

Regulatory Authorities : SEBI, RatingAgencies; New Instruments : GDRs, ADRs.

Factoring, Measurement of risk and returnssecurities and portfolios.

Computer Application in Accounting andFinance.

Elective–II : MarketingMarketing Tasks, Concepts and Tools,

Marketing Environment.

Consumer Behaviour and Market Segmenta-tion.

Product decisions.

Pricing decisions.

Distribution decisions.

Promotion decisions.

Marketing Researchs.

On-line marketing.

Direct Marketing; Social, ethical and legalaspects of marketing in India.

Elective–III : Human Resource Management

Concept; Role and Functions of HumanResource Manager.

Human Resource Planning, Job analysis, Jobdescription and specifications, Use of Job analysisinformation, Recruitment and Selection.

Training and Development, SuccessionPlanning.

( vii )

Compensation : Wage and Salary adminis-tration, Incentives and Fringe benefits, Morale andProductivity.

Appraisal of Performance.

Industrial Relations in India, Health, Safety,Welfare and Social Security, Workers partici-pation in Management.

Elective–IV : International BusinessForeign Direct Investment and Multi-

national Corporations—MNCs Culture, MNCsand LDCs, Joint Ventures.

Regional Economic Integration : SAARC,ASEAN, EC, NAFTA India and WTO, Intellec-tual Property Rights.

Foreign Exchange—Exchange rate, Mecha-nism, Risk management, Transfer of internationalpayments, Convertibility of Rupee, Current andCapital Accounts; Issues and Perceptions, Deriva-tives and Futures.

Foreign investment Institutions; Instruments :GDRs, ADRs, FIIs—their role in Indian CapitalMarket.

Elective–V : Income-tax Law and Tax Planning

Basic concepts, Residential status and taxincidence, exempted incomes, computation oftaxable income under various heads.

Computation of taxable income of individualsand firms.

Deduction of tax, filing of returns, differenttypes of assessment; Defaults and penalties.

Tax planning : Concept, significance andproblems of tax planning, Tax evasion and taxavoidance, methods of tax planning.

Tax considerations in specific businessdecisions, viz., make or buy; own or lease, retainor replace; export or domestic sales; shut-down orclosure; expand or contract; invest or disinvest.

Computer Application in Income tax and Taxplanning.

Commerce(Paper-II)

UGC-NET/JRF-Exam.(June 2015)

Solved Paper

June 2015Commerce

(Paper-II)

Note—This paper contains fifty (50) objectivetype questions of two (2) marks each. All ques-tions are compulsory.

1. The world’s first electronic stock market is—(A) KOSPI (B) Nikkie(C) NASDAQ (D) Dow Jones

2. The Human Development Index (HDI) isintroduced by—(A) UNDP (B) UNICEF(C) IMF (D) World Bank

3. Examine the following statements and choosethe correct code—Assertion (A) : American style option, com-pared to European style, provides more free-dom to option holders in exercising the option.Reason (R) : American style option can beexercised only at a specified date which isgenerally the expiration data.Codes :(A) Both (A) and (R) are correct(B) Both (A) and (R) are wrong(C) (A) is correct, but (R) is wrong(D) (A) is not correct, but (R) is correct

4. From the statements given below, identify thecorrect code—

Statement (I) : The key strategy behindacquiring a company is to create shareholder’s value.

Statement (II) : Conglomeration is a mergerbetween two companies that have commonbusiness areas.

Statement (III) : MRTP Act got replaced bythe Competition Act, 2002 in India.

Codes :(A) All the three statements are correct

(B) Statements (I) and (II) only are correct

(C) Statements (I) and (III) only are correct(D) Statements (II) only is correct

5. From the following, identify the tools of fiscalpolicy—1. Public expenditure2. Open market operations3. Deficit financing4. Taxation5. Reserve requirementsCodes :(A) 1, 3, 4 and 5(B) 1, 2, 4 and 5(C) 2 and 5(D) 1, 3 and 4

6. The basic difference between a static budgetand flexible budget is that—(A) A flexible budget considers only variable

costs but a static budget considers allcosts

(B) Flexible budgets allow management lati-tude in meeting goals, whereas static bud-get is based on fixed standards

(C) A flexible budget is applicable for a singledepartment only but a static budget forentire production facility

(D) A flexible budget can be prepared forany production level within a relevantrange but a static budget is based on onespecific level of production

7. A retiring partner continues to be liable forobligations incurred after his retirement—

(A) If unpaid amount is transferred to his loanaccount

(B) If he does not give public notice

(C) If he starts a similar business elsewhere

(D) In all the situations till he survives

UGC NET/JRF/SET Commerce (Paper-IIAnd III)

Publisher : Upkar Prakashan ISBN : 9789350135754Author : L N Koli AndMadan Singh

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