Printed Pages : 3 B.Com.(H)-2033 B.Com. (Hons.) (Semester-III) Examination-2018 MACRO ECONOMICS Time : Three Hours Maximum Marks : 70 a Note : Attempt questions from all the sections, “/ ‘'Seétion-A f (Short Answer Type Questions) Note: Attempt any seven questions. Each question’ “""") carries 4 marks. 71x4=28 1... Discuss the Consumption function. a Explain the circular flow of income in a two sector "economy. : cS (@) WhatisAPC and APS? (b) Prove thatAPC +APS=1 “a Differentiate between demand Pull and Cost push Inflation. B.Com.(H)-2033(J) {(P.T.0. 5EUpEe 5. Discuss the conceptyof. (a) GDP enlsres (b) GNP : MM} OH Briefly discuss the Cash Balance approach to AT. oe demand for money. 1 Describe various concept of Money Supply. 8” What is aLM Curve? «oit#2: 9. Define a Investment Multiplier. -40-7 Discuss the importance of macroeconomics in an economy. anee Section-B_ (Long Answer Type Questions) Mons: stereo Note : Attempt any two quéstidtis. Each question carries 21 marks. - 2x21=42 bdo wok wi Discuss the impact ofan zipensiciasy fiscal policy under flexible exchange rate system ona small oped economy. © dé bag or) 4 12. Write a note on nai bic? ve Ka Absolute Income Hypothesis of ‘Consumption “= EAP (b) Life Cycle Hypothesis of Consumption Gacy vir B.Com.(H)-2033(3)(3) 13. Explain the Keynes’s Liquidity Preference Theory of Demand for money. 14. Consider the following economy : “C= 100+ 0.8Yd 1=50-25i G=T=50 M? 33 => = 200° P 0 M,=Y~-25i agqpadar doouuuren, ‘ete Oe Worn: Or Seo of POLUULE 5 atonorny ROam A aan0--Printed Pages : 3 BC-2036 B.Com. (Semester-III) Examination—2018 ENVIRONMENTAL STUDIES Time : Three Hours Maximum Marks : 70 Note : Attempt questions from all the sections. Section-A (Short Answer Type Questions) Note: Attempt any seven questions. Each question carries 4 marks. 7x4=28 1. What do you understand by Hot Spots of biodiversity? Also name the two hot spots present in India. ar WE 2.._ Briefly explain the concept of rainwater harvesting. {3p How ethics can be incorporated in understanding and solving environmental issues ? Explain with the help ofa suitable example.” 4. Explain about ecological pyramids. <5. Describe about the major mineral resources of India. 6. Write in brief, the control measures of soil pollution. BC-2036(3) PTO.10. | ee (2) Briefly explain the resettlement and Tehabilitation problems. Discuss the multidisciplinary Nature of environmental studies. What do you understand by ‘Sustainable Development’? Explain its importance. What do you mean by deforestation ? What are the problems caused by deforestation ? Section-B ~~ ¢bong Answer Type Questions) Note : Attempt any two questions. Each question carries i. 21 marks. 2x21=42 “Taj Mahal must be protected or demolished.” : Supreme Court blasts government (July 11, 2018). The Supreme Court was harsh on both the Central ~ government and the government of U.P. on what it saw as their apathy and lethargy in protecting the Taj Mahal. It ordered a moratorium on the expansion of industrial units in'the Taj Trapezium Zone (ITZ) that also includes Cities like Mathura and Vrindavan. ws 'S conducting an assessment of air pollution levels in and around mausoleum in this context: (@) What do you understand by Primary 394 Secondary Pollutants ? 0g BC-2036(3)(3) (b) Howacid rain is formed in the atmosphere and how Taj Mahal is affected by it ? 42. What are age structure diagrams or population pyramids and what do they signify ? Draw a typical population pyramid of India and discuss how it is likely to differ from that of Japan and Germany (with diagram) ? 13. Describe the powers and measures of Environment (Protection) Act and Air (Prevention and Control of pollution) Act. “74 Write Stiort Hotes on the following : (a) Solar Cells and their application (b) Desertification and its causes (c) Role of IT inenvironment BC-2036(3)Printed Pages : 3 B.Com.-2032 —_. B.Com. (H) (Semester-III) Examination-2018 CORPORATE TAX PLANNING Time : Three Hours Maximum Marks : 70 Note : Attempt questions from all the sections. Section-A (Short Answer Type Questions) Note: Attempt any seven questions. Each question cannes Tmarks Tx4=28 1. Whatis ‘Tax Management’? 2. Explain with example ‘Tax Evasion’. 3. Distinguish between ‘Tax Avoidance’ and ‘Tax Planning’. 4. Mention the condition of section 6(6) a. 5. What do youmean by Deferred tax assets ? 6... Explain the Tax Planning relates to sale of scientific Tesearch assets. 7. Write short note on ‘Demerger’.:::. B.Com.-2032() ss(2) “8.—Discuss the factors you will consider in making a 10. decision regards ‘Repair or Replace’ ? Write short note on ‘Slump Sale’. Difference between holding and subsidary companies. Section-B (Long Answer Type Questions) Note : Attempt any two questions. Each question carries 11. 12. 13. B.€om.-2032(3) =21 marks; ——— — sea DAHA “Which points should be considered from the point of view of Tax planning before setting up ofa new business” ? Explain it. What are the conditions that in different types of “ companies assessee has to satisfy in order to be calleda resident, a anot ordinarily Resident or anon resident? Explainit with example, What is: Special: Provisions relating: to nor: residents? Explain the double taxation’ rélief and advance rulings, ., m= (3) 14. M Ltd. is a wholly owned subsidiary of N Ltd. Both companies are Indian Companies. N Ltd. purchased a piece of land in May, 2008 at 3,00,000. In Jun, 2011 N Ltd. transferred the land to M Ltd. at % 5,62,000. In August, 2017 M Ltd. sold the land at % 12,00,000. Compute Capital gain/business profit in the following cases - (i) Before the sale of land by M Ltd. neither N Ltd. ceases to hold 100% shares of M Ltd. nor M Ltd. converts Land into stock-in-Trade. _._Gi)In July,.2017.M.Ltd..converted the land into stock in-trade, when the fair market value of land was & 7,50,000. (iii) In May, 2017 N Ltd. sold 10% shares of MLtd. to the Public. The cost inflation indices in 2008-09, 2011-12 and 2017-18 were 137, 184 and 272 respectively. B.Com.-2032(J)Printed Pages : 2 B.Com.(H)-2034 B.Com.(H) (Semester-I1) Examination-201g CORPORATE LAWS Time : Three Hours Maximum Marks : 70 eee Note : Attempt questions from all the sections, Section-A (Short Answer Type Questions) Note: Attempt any seven questions. Each question carries 4 marks. 7x4=28 ir wa Define a Company. Explain the concept of lifting of corporate veil in brief. ‘Write a short note on Pre incorporation contract. Explain the clauses of Memorandum of Association. What do you understand by Share Capital ? Write a note on board meetings. Write a note on Dividend. Explain the stages of promotion of a Company- eon ann fF YP Write a note on Prospectus. T.0. B.Com.(H)-2034(9) a(2) 9. Distinguish between Share and Stock. 10. Write a note on removal of Directors. Section-B (Long Answer Type Questions) Note : Attempt any two questions. Each question Carries 21 marks. 2*21=49 ll. Explain: (a) The doctrine of constructive notice (b) Doctrine of Indoor management (c) Doctrine of Ultra vires "127 Eiplain the contents of Articles of Association in detail. 13. Explain the various stages of formation of a company. 14. Explain: (2) Appointment of Directors (b) Powers and duties of directors B.Com.(H)-2034()Printed Pages : 4 BC.-2031 «com (H) (Semester-ITl) Examination-2018 COST ACCOUNTING Time : Three Hours Maximum Marks : 70 soe: Attempt questions from all the sections. Section-A (Short Answer Type Questions) Note: Attempt any seven questions. Each question carries 4 marks. 4 7x4=28 1. Whatis the system of Cost Accounting ? 2. Distinguish between ‘Indirect Labour’ and ‘Direct labour’. 3. What is perpetual Inventory 2 What are its advantages ? 4. What is meant by labour tumover 7 Define its causes. oe ae gar 5. What are the difficulties faced in distribution © overhead ? PTO. BC-2031() i(2) Calculate EOQ from the following : Consumption of material per annum 10,000 kg Ordering cost per order & 12 per order Cost per kg of Raw material %2 Store Cost 8% of. Inventory Rohan furniture house manufactures stools, chairs and tables. Total factory overheads for the month of March 2018 were & 50,000. You are require to find out the amount of overheads chargeable to each product assuming the one table is equivalent to four stools and one chair is equivalent to two stools, The production during this month was 1000 stools, 500 Chair and 125 tables. ° : From the following information calculate an estimate for job no. 56 : z Direct material consumed 2,500 Direct wages paid 5,000 Factory Expenses 50% on Wages Office Expenses 30% on Factory cost The estimate Price should include a profit of 20% on it. BC-2031(3)(3) Calculate Re-order level ini he tat tes and minimum stock level from the following information : : mal usage 300 units per day, minimum usagelS0 units per day yjaximum usage 450 units perday, Re-order: Period 4 to 6 days i), From the following information calculate the cost per kilometre ofa vehicle : Cost of vehicle 1,50,000 Road licence fee per year % 24,000 Insurance charges per year = 36,000 Garage rent per year & 36,000 Petrol % 12,000 per month Tyres & 10,000 per month ——Depreciation 20% on cost / month Vehicle operates 10,000 kilometre per month. Section-B (Long Answer Type Questions) Note : Attempt any two questions. Each question carries 21 marks. ax2i—42 11. What is the significance of cost accounting to management ? In what respect does cost accounting differ from financial accounting ? is 12. Discuss the different bases on which factory expenses can be apportioned. Describe the merits and suitability of each of them. BC-2031() [P.T.0.13. 14. BC-2031(J) (4) Following expenses were incurred by a contractor ona eset ailch he started on Ist April, 2018 : Material € 40,000 ; Wages & 50,000 ; Other expenses & 15,000 ; Plant at cost 50,000 3 Work certified & 1,20,000 ; work uncertified F 60,000; material in hand on 31st March 2018 zg 11,000 ; Plant at close ¥ 43,000 ; Cash received from contracted % 1,00,000 ; Materials returned to stores % 2,000. : Prepare contract account and work-in- progress account, assuming that the contract price was & 3,50,000. Aproduct passes through three process A, B andC. The normal wastage of each process is as follows : Process A, 3 percent ; Process B, 5 percent ; Process C, 8 percent ; Wastage of process ‘A was Sold at 25 paise per unit, ~ that of process B at 50 paise per unit and that of process C at & 1 per unit. 10,000 units were issued to process A in the beginning of Oct 2018 at a cost @1 per unit. The other expenses were as follow : Process A Process B Process C _@ rn @ Sundry material 1,000 1,500 500 Labour 5,000 8,000 6,500 Direct expenses 1,050 1,188 2,009 Actual output was : Process A 9,500 units ; process B 9,100 units ; Process C 8,100 units, Prepare the process accounts assuming that there ‘Was no opening or closing stocks, Also give the abnormal wastages or abnormal efficiency. om slagil a : . Print b B.Com.-2036 ‘ B.Com. (H) (Semester-III) Examination-2018 CREDIT MANAGEMENT Time : Three Hours Maximum Marks : 70 i Note : Attempt questions from all the sections. Section-A (Short Answer Type Questions) i Note : Attempt any seven questions. Each question “carries 4 marks. 7x4=28 + T. Differentiate between Public and Private Limited” i Companies ? 2. State the difference between : Partnership Firm, - Limited Liability Partnership and Private Limited | Companies. E i 3. Define the term ‘NPA’, | 4, Whatare Sick Units ? ae 4 5. . Describe the objectives of Corporates ’Debt- structuring mechanism. sthe Cardinal Principles of Lending, How can the creditworthiness of borrowers be checked? B.Com.-2036(J) [P.T.0.mx y (2) 8. Describe the importance and meaning of documentation. 9. Whatisa chabge and what are its process ? 10, Briefly explain the following : (a) Pledge (b) Hypothecation Section-B (Long Answer Type Questions) Note : Attempt any two questions. Each question carries 21 marks. 2x2 1-42 _ peg a1 “Commercial-banks“finance-wo orking Capa Tequirements of their customers’. Explain the main method of financing prevalent among banks in India. 12. Explain your understanding regarding ‘Credit Rating’. And what are their objectives ? «43. Explain various categories of Priority Sector Lending. 14. Whatisa Credit Policy ? Explain in detail the content of “ Credit Policy’? B.Com.-2036(J) \