IAS Mains Commerce Papers 1999
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IAS Mains Commerce 1999
Commerce-1999 (Main) (Paper-I)
Time Allowed: Three Hours Maximum Marks: 300
Candidates should attempt Questions 1 and 5 which are compulsory and any three of the remaining questions selecting at least one question from each Section.
All questions carry equal marks.
Section A
- Write short notes on any three of the following in about 200 words each:
- Accounting issues in foreign exchange transactions
- Human resources accounting techniques is based on Cost Accounting
- Deduction allowed in computing taxable income
- Valuation of stock for accounting and audit purposes
- A factory is engaged in manufacturing of plastic containers for domestic use. It produces only 15 kg capacity buckets and is currently in a position to utilise only 40% of the installed capacity which means production of 10,000 buckets in the current year. The cost break-up of producing each bucket is as follows:
- ₹
- Material consumed for each unit 10
- Labour cost per unit 3
- Overheads per unit 5 (60% fixed)
- The selling price is ₹ 20 per bucket.
- If it is decided to work the factory at 50% capacity, the selling price falls by 3% . At 90% capacity, the selling price falls by 5% , accompanied by a similar fall in the prices of material.
- With this information you are required to calculate the profit at 50% capacity and 90% capacity. Also calculate break-even point at these two capacities.
- Explain with suitable illustrations difference between the following:
- Standard costing and Budgetary control
- Valuation and Verification in auditing
- “Responsibility Accounting is an important area in a management accountants work.” Explain this statement with reference to cost centres and revenue centres. Section B
- Write short notes on any three of the following in about 200 words each:
- Limitations of pay-back period method of capital budgeting
- Working of capital market in India
- Supervision of banks by the Reserve Bank of India
- Dividend and retention policy in a company
- Explain the nature and scope of finance function in a liberalised economy. Give suitable illustration and indicate the impact of globalisation on finance function.
- Write a note on theories of capital structure. In what manner are the traditional theories fast getting eroded and new explanations of capital structure being developed
- Write explanatory notes on the following:
- Consortium approach of inter-bank lending
- Functioning of the BIFR
Commerce-1999 (Main) (Paper-II)
Candidates should attempt Questions 1 and 5 which are compulsory and any three of the remaining questions selecting at least one question from each Section. All questions carry equal marks.
Section A
- Write notes on any three of the following in about 200 words each:
- Structure of formal organisation
- Multiple goals
- Limits on rationality
- Models of motivation
- What do you understand by the concept of “Organisation Behaviour” Explain its nature as a dynamic one. Illustrate it.
- Examine the role played by “Status System” in industrial organisation. Identify the problems and suggest remedies to make the system functional.
- Define power. Describe the bases of power. Explain their influence on behaviour in the organisation.
Section B
- Write notes on any three of the following in about 200 words on each:
- Scope of industrial relations
- Stages of commitment of industrial labour
- Compulsory adjudication
- Sources of industrial disputes
- Evaluate the present approach and attitude of managements in industry towards trade union movement. Suggest ways and means for achieving mutual understanding between the parties for a positive result.
- Why do industrial workers and managements resort to strikes and lockouts Is there any logical approach to minimise these in India Discuss.
- What are the objectives of ILO Explain its contribution towards India and its labour policies.