Commerce and Accountancy Most Important Questions For 2020 Exam

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  1. “Rapid financial innovations have led to the emergence of several new near substitutes for money.” Discuss at least two such instruments and analyze their impact on the monetary policy of RBI. (225 words, 2013 mains)

  2. In current era of modern organizations what strategic changes do you feel should be made in arena of HRM? Highlight some important aspects relating to rising service sector in India. ( 20 marks)

  3. A leading PSU wants to hire a person for post of General Manger. Design a suitable program for recruitment, selection and induction of the general manager. (20marks)

  4. “human resource management is not an end in itself” comment (10marks)

  5. “HRM is a soft discipline” examine 10 marks

  6. There is an urgent need to have code of ethics for HR professionals comment

  7. Write short notes on (10marks each)

    1. Use of competency mapping in performance appraisal

    2. 360 degree feedback

    3. Position ship vs leadership

  8. “HR without Industrial management would create problems” explain.

  9. “In modern day organization knowledge management plays vital role in process of training” Discuss.

  10. Define and distinguish between marginal and absorption costing with examples. What are their uses and limitations? (300 Words)

  11. Explain whether services provided by a Veterinary clinic and Yoga establishment are exempt from service tax. (250 Words)

  12. Mention the cases where valuation of house property for purpose of income tax shall be NIL. Also mention the exceptions to such rules. (250 Words)

  13. “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 statements with examples. (250 Words)

  14. How should an auditor evaluate cost of gathering evidences for purpose of audit? (250 Words)

  15. Write short notes: (200 Words)

    1. Risks associated with variation between loan maturities and liability maturities of commercial banks and minimisation of these risks without

    2. affecting profitability.

    3. Distinction between Baumol’s Cash-EOQ Model, Miller & Orr Model and Stone Model pertaining to cash management of firms.

    4. Checks and balances in Algorithmic Trading as provided by SEBI.

    5. Information ratio as developed by Treynor and Black.

    6. Trade-off theory in capital structure decisions

  16. “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. (250 Words)

  17. “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. (250 Words)

  18. 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? (250 Words)

  19. What IS revaluation reserve and how it is created? Discuss also the merits and demerits of such action.

  20. Discuss contingent liabilities with examples. Where would these items feature in the financial statements of a firm ? What happens when bills are discounted by a firm ? Show the journal entries for such transactions.

  21. Discuss how the following streams of revenues are recognised in an IT service company:

    1. Software services

    2. Time and materials contracts

    3. Sale of user’s licenses

  22. What is contingent capital? Discuss the various instruments used to generate it.

  23. Explain the financial parameters to be used to evaluate post-merger performance.

  24. “To arrive at a comprehensive opinion, the auditor reviews evidence that may be classified into three major groups.” What are these groups and how do you relate the components of the groups to the purposes of the audit?

  25. Define and distinguish between gross working capital and net working capital. Can a firm survive with zero net working capital?

  26. Discuss in brief the techniques of assets-liability management in a commercial bank

  27. Discuss Sharpe’s ratio and Treynor’s ratio for evaluation of risk-return performance of Mutual Fund’s portfolio.

  28. Why do companies resort to ‘managing earnings’? Illustrate the techniques employed for this purpose.

  29. Explain the effect of absorption costing and marginal costing on net profit of a business firm.

  30. Illustrate Operating Leverage and Financial Leverage. What insights you get from these two leverages? What are their limitations?

  31. “Higher capital requirements might induce banks to seek higher returns in areas that are high risk or outside their core business”. Do you agree with this observation? Justify your answer with suitable examples.

  32. Critically examine with illustrations the role of Credit Rating Agencies with particular reference to their ownership structure and corporate governance

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