IAS Mains Commerce Papers 1983

IAS Mains Commerce 1983

Paper I

Section A

  1. Answer any three of the following, in not-more than 200 words each

    1. Goodwill is an intangible asset, but not necessarily a fictitious one. Explain (20).

    2. Define Current Purchasing Power and Current Cost. Examine their suitability as a basis of accounting for price-level changes (20).

    3. Cost-Volume-Profit Analysis is based on certain assumptions. What are these assumptions? How far are these realistic (20)?

    4. Income-tax is levied on income actually earned by the assessee. Critically examine (20).

  2. Answer the following questions

    1. As certain value of one Equity share of A Company by Dividend Yield Method from the following particulars:

      • Industry Average Company A
      • Market price of a Equity Share Rs. 20 Not known
      • Face value of a Equity Share Rs. 10 Rs. 10
      • Intrinsic value of a Equity Share Rs. 30 Rs. 20
      • Pay out ratio 50% 66.6
      • Dividend per share Rs. 2 Rs. 3

      Company A is a private limited company and its shares re not listed on a stock exchange (30).

    2. Draft an imaginary scheme of internal reconstruction in respect of a sick limited company (30).

  3. The particulars of income of an individual for the previous year ended March 31, 1983, are as follows:

    1. Net Profit from business (after charging Rs. 10, 000 paid as charitable donation to a hospital and Rs. 5, 000 as life insurance premium on a policy on his own life) Rs. 61, 000

    2. One-half share in profits of an unregistered firm in which he is a partner-Rs. 10, 000

    3. One-fourth share in income from a Hindu undivided family of which he is a member-Rs. 2, 000

    4. Interest on Tax-free Government Securities-Rs. 2, 000

    5. Profit from sale of domestic furniture which was held for 10 years-Rs. 10, 000

    6. Agricultural Income from Nepal Rs. 8, 000.

    He is living in Allahabad in his own bungalow.

    Compute his Total Income for the Assessment Year 1983 − 84 (60).

  4. Answer the following questions

    1. How is a statutory auditor appointed in case of a limited company? Who cannot be appointed as a statutory auditor of a limited company (30)?

    2. Standard cost of a product shows that one unit requires 5 units of raw material at Rs. 4 each.

    During a given period, 4, 000 units were produced for which 20, 250 units of raw material at a cost of Rs. 1, 01, 250 were actually used. Compute Material Cost, Price and Usage Variances.

    List the possible reasons which may be responsible for these variances (30).

Section B

  1. Answer any three of the following in not more than 200 words each:

    1. The role of a finance manager today is considerably different from what it was a few decades ago. Explain (20).

    2. Once a bearer always a bearer. Comment with reference to Negotiable Instruments Act (20).

    3. Differentiate between the Present Value Method and Internal Rate of Return Method for evaluating capital expenditure proposals (20).

    4. Briefly describe the present structure of Indian Banking System (20).

  2. Answer the following questions

    1. Retained earnings and depreciation provide cost free capital. Do you agree with this statement? If no, explain the method for determining their cost (30).

    2. Explain briefly the determinants of an optimal dividend policy (30).

  3. Answer the following questions

    1. Examine critically the role of dear money policy in containing inflation in our country (30).

    2. Suggest some measures to improve the working of the Nationalised Commercial Banks in

    India (30).

  4. Answer the following questions

    1. Evaluate the major recommendations given by Chore Committee (30).

    2. What are the major problems faced by the stock exchanges in India? Give suggestions to improve their working (30).

Paper II

Section A

Time Allowed: 3 hours Maximum Marks: 300

Candidates should attempt Questions I and 5 which are compulsory, and any three of the remaining questions selecting at least one question from each Section.

  1. Write notes on any three of the following in not more than 200 words each:

    1. Matrix approach to organisation

    2. Organisational goals

    3. Morale and productivity

    4. Organisational behaviour as a dynamic system.

  2. In view of changing nature of technology and a new class of entrepreneurs coming into the organisation, what approach do you advocate for an organisational change in India? Justify with effective facts.

  3. What is an informal organisation? Is informal organisation destructive of the formal organisation? How can you utilise the informal organisation to achieve the objectives of an enterprise?

  4. What are the indicators for the effective leadership? How is leadership related to motivation? Distinguish between leadership and bossism.

Section B

  1. Write notes on any three of the following in not more than 200 words each:

    1. Role of outside leadership in Trade Unions in India.

    2. Preventive measures for industrial disputes in India.

    3. International Labour Organisation and labour legislation in India.

    4. Analysis of personnel audit and personnel research as tools of executive development.

  2. Why should workers participate in management? How do workers participate in management of public establishments and private industrial units it India? How do you visualise its future prospects?

  3. Account for wage differentials prevailing in various units in an industry. Do you justify such wage differences? Substantiate with convincing business arguments. How far Wage Boards in India have helped in reducing wage differentials and promote standardisation of wages?

  4. What the present industrial environment in India, do you prefer compulsory arbitration or collective bargaining as an effective tool in maintaining industrial peace? Give arguments in support of your preference.

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