BM 351: COMPANY LAW BLOWN UP SYLLABUS
Objective: To give an insight into the main provisions of the Companies Act relating to the formation, running and closure of the Joint Stock Companies.
Unit I 12 hrs An Introduction to a Joint Stock Company: Meaning, Features,(20 Marks) Lifting the corporate veil- under Judicial discretion and statutory provisions (20 marks) Kinds or types of companies- Foreign company (8 marks), Government Company ( 08 marks), Special privileges or advantages of a Private Company (08 marks) When does a private Company become a Public Company? Differences between Public companies and Private companies (08 marks).
Unit II 12 hrs Formation of a Company: Steps in formation: Promotion- Meaning, Stages (08 Marks), Incorporation: Procedure (08 Marks) Promoter: Meaning, Legal Position of a promoter, Duties, Rights, and Liabilities of a Promoter, (08 marks/ 20 marks) Effects of pre-incorporation contracts ( 08 marks) Memorandum of Association, Clauses of Memorandum of Association (20marks) Doctrine of Ultra vires (08 marks) Articles of Association: Meaning, contents.(08 marks) Doctrine of constructive notice, Doctrine of Indoor Management – exceptions (08 Marks). Table ‘A’ (08 Marks). Prospectus- provisions of the Companies Act with regard to issue of prospectus, (08 marks) Contents, Types, Golden Rule for framing a prospectus, Consequences of Misstatement in prospectus (08 marks).
Unit III 12 hrs Share Capital and Shares: Types of share capital. Shares: Meaning, Types. Equity shares: Meaning, features (08 marks) Preference shares: Meaning, features and types (08 marks) Sweat Equity shares (02 /08 marks) Allotment of shares: Provisions regarding allotment of shares : General provisions and Special provisions. (20 marks) Rights shares, Bonus shares, Calls on shares, Forfeiture of shares, surrender of shares, lien on shares (Meaning only) Underwriting of securities and listing of securities, Blank transfer and Forged transfer, (Meaning only) Meaning of Depository, Meaning of DEMAT Account and its features. (08 marks) Membership: Meaning, Modes of acquiring membership, Termination of membership (20 marks) who can be member? Register of Members (08 marks)
Unit IV 12 hrs Company Management: Company Secretary -Qualification and Duties only. (08/20 marks) Directors- Qualification and Disqualification (08 marks) Appointment and Removal- Duties and Liabilities (08 / 20 mariks)
Unit V 12 hrs Company Meetings- Essentials (20 marks), Types (20 marks), Statutory meeting (08 marks), AGM (08 marks), EOGM (08 marks), Appointment of Chairman, methods of voting (08 marks), Resolutions-Types (08 marks),Proxies(08 marks) Oppression and Mismanagement (Meaning only), Winding Up-, Modes of winding up of a company (20 marks) compulsory winding up ( 08 marks), Voluntary winding up : Types (08 / 20 marks)
Total Hours: 60
Following Case laws are to be specifically dealt with: 1. Solomon V/s Solomon and Company Limited 2. Continental Tyre and Rubber Company V/s Daimler Co. Ltd. 3. Dinshaw Maneekjee Petit V/s Income Tax Officer 4. Guzdar V/s CIT Bombay 5. Gilford Motor Company V/s Horne 6. Jones V/s Lipman 7. Kotla Venkatswamy V/s Ram Murthy 8. Royal British Bank V/s Turquand
Books for Reference: 1. N.D. Kapoor – Company Law 2. Dr. Umesh Maiya – A Textbook of Company Law 3. Avtar Singh – Company Law 4. P.P.S. Gogna – Company Law 5. B.S. Raman – Company Law
VI SEMESTER BM 351: COMPANY LAW MODEL QUESTION PAPER Section A (Two Marks each)
1. Answer any Ten Questions from the following: a. What do you mean by chartered company? b. What is meant by a company limited by guarantee? c. Name two public documents of a Company. d. Give the meaning of Doctrine of Constructive Notice. e. Expand NSDL. f. What do you mean by rights shares? g. What do you mean by ‘Listing of Securities’? h. What kind of companies must have full time secretary? i. Give the meaning of Quorum of a meeting. j. What is meant by Mismanagement? k. What is a defunct company? l. What are Bonus shares?
Section B (08 Marks each) Answer any Five questions:
2. What is a foreign company? State the provisions of Companies Act relating to foreign company. 3. What are privileges of a private company? 4. Distinguish between memorandum of association and articles of association. 5. Write a note on “Doctrine of Ultra-vires”. 6. Write a note on DEMAT Account. 7. Write a note on the Register of Members 8. In what different ways may a director of a company be appointed?
Section – C (20 Marks each)
9. Explain the corporate veil. Under what circumstances the corporate veil is lifted? OR
What are the consequences of misstatement in a prospectus? Can the directors avoid liability for a false statement in the prospectus? 10. Give the meaning of Allotment of shares. Explain the general and special provisions regarding the allotment of shares. Or
Define the share of a company. Explain the different kinds of shares that can be issued by a company. 11. Who is a director of the company? Explain the duties and liabilities of a director. Or
What is a company meeting? Bring out the essentials of a valid company meeting. *************************
VI SEMESTER BM 351: COMPANY LAW QUESTION BANK
UNIT I TWO Marks Questions 1. What do you mean by chartered company? 2. Write any two limitations of Joint Stock Companies. 3. What do you mean by perpetual succession? 4. What do you mean by Foreign Company? 5. What is an illegal Association? 6. What is a Government Company? 7. What do you mean by 43A public limited company? 8. What do you mean by a statutory company? 9. What was the decision given in the case Solomon v/s Solomon & company? 10. What do you mean by lifting the corporate veil? 11. What is meant by a company limited by guarantee? 12. What is a corporate veil? 13. When does a company legally come into existence? 14. What do you mean by licensed companies? 15. What is meant by holding company?
EIGHT Marks Questions 1. Narrate “Soloman vs. Soloman & Co.Ltd., “case with reference to independent legal entity of a company. 2. When does a private company become a public company u/s.43-A? 3. Write a note on Government Company. 4. What is a foreign company? State the provisions of Companies Act relating to foreign company. 5. What is meant by corporate veil? State the cases in which the veil can be lifted. 6. What are privileges of a private company?
TWENTY Marks Questions 1. Define “Joint Stock Company” and bring out its distinctive features. 2. Explain the corporate veil. Under what circumstances the corporate veil is lifted? 3. Distinguish between a public company and a private company. Point out the cases under which a private company shall become a public company.
UNIT II TWO Marks Questions 1. Name two public documents of a Company. 2. What do you mean by Preliminary Contract? 3. When can a public company start its business? 4. What do you mean by ‘Golden Rule’for the framing of prospectus? 5. Give the meaning of pre-incorporation contract. 6. State the other name of situation clause. 7. Which clause of memorandum of association cannot be altered? 8. What do you mean by ‘Indoor Management’? 9. What do you mean by ultravires? 10. What is an Articles of Association? 11. Give the meaning of Doctrine of Constructive Notice. 12. What is meant by Intra-vires? 13. What do you mean by statement in lieu of prospectus? 14. What do you mean by ‘Table A’? 15. What do you mean by Preliminary Expenses? 16. Who is a Promoter? 17. What are the documents required for a public company to start business? 18. What do you mean by Deemed prospectus?
EIGHT Marks Questions 1. Write a short note on “Doctrine of Indoor Management”. 2. Distinguish between memorandum of association and articles of association. 3. Write a note on “Doctrine of Ultra-vires”. 4. What are the duties and liabilities of a promoter? 5. Explain the steps followed in the promotion of a Joint stock Company. 6. What are the provisions of the Act regarding the issue of prospectus? 7. Narrate the legal position of a promoter in relation to the company he promotes. 8. Mention the formalities to be completed for the registration of a company.
TWENTY Marks Questions
1. What is Memorandum of Association? Explain its contents./clauses 2. What is misstatement in a prospectus? Explain the extent of civil and criminal liability for such misstatements? 3. What do you mean by promotion of a company? Discuss the various stages in promotion of a public limited company. What are the liabilities of a promoter? 4. Write the liability for misstatements in a prospectus? Explain the extent of civil and criminal liability for such misstatements. 5. What are the consequences of misstatement in a prospectus? Can the directors avoid liability for a false statement in the prospectus? 6. Discuss the stages in the formation of a company.
UNIT III TWO Marks Questions 1. What is DEMAT account? 2. Who is a benami holder of shares? 3. What is meant by listing of shares? 4. What do you mean by Sweat Equity shares? 5. State the meaning of surrender of shares. 6. Define calls in Arrears. 7. What is meant by depository? 8. What do you mean by dematerialisation? 9. Define calls in advance. 10. Define calls on shares. 11. Expand NSDL. 12. What do you mean by underwritting of shares? 13. What are Bonus shares? 14. What do you mean by Renunciation of Allotment? 15. Give the meaning of ‘Defacto Control’. 16. What do you mean by irregular allotment? 17. Which companies can issue deferred shares? 18. What do you mean by rights shares? 19. What do you mean by Index of Members? Which companies should maintain index of members? 20. What is foreign register? 21. What is meant by surrender of shares? 22. What is register of members?? 23. What is meant by ‘Forfeiture of share’? 24. What do you mean by cumulative preference shares? 25. What do you mean by ‘Listing of Securities’? 26. What do you mean by ‘Lien on Shares’? 27.. Who can become a member of a Company? 28 Can one company become a member of another company? 29. What do you mean by Blank Transfer? 30. Expand SEBI 31. What is meant by Minimum Subscription? 32. What do you mean by forged Transfer?
EIGHT Marks Questions 1. Write a note on DEMAT Account.. 2. State the circumstances when a person ceases to be the member of a company 3. Write a note on the Register of Members. 4. What are the different methods of acquisition of membership of a company?
TWENTY Marks Questions 1. Give the meaning of Allotment of shares. Explain the general and special provisions regarding the allotment of shares. 2. Define membership in a company. Explain the different ways of acquiring membership in a company. When does a person cease to be a member of a company? 3. Define the share of a company. Explain the different kinds of shares that can be issued by a company
UNIT IV
TWO Marks Questions 1. Who are the first directors of the company? 2. Who can appoint a secretary of a company? 3. What kind of companies must have full time secretary? 4. Define Managing director.
EIGHT Marks Questions 1. When is a person disqualified for appointment as director of a company? 2. Give the meaning of a company secretary. Mention the qualifications of a person to be eligible for appointment as secretary 3. What are the duties of directors of a company? 4. In what different ways may a director of a company be appointed?
TWENTY Marks Questions 1. Define the term “Director” Briefly state the provisions of the Companies Act 1956 regarding the mode of appointment of the director of a company. 2. Define the term “Director” what qualifications are required for appointment as a director? When will a person be disqualified for appointment as a director? 3. Who is a director of the company? Explain the duties and liabilities of a director.
UNIT V TWO Marks Questions 1. What is meant by Minutes of Meeting? 2. What is ‘Quorum’? Must quorum be present throughout the meeting? 3.. What is a defunct company? 4 What do you mean by Resolution? 5. What is meant by motion? 6. What do you mean by winding up of a company? 7. Who is a Liquidator? 8. What do you mean by extraordinary general meeting? 9. What do you mean by ‘Agenda of Meeting’? 10. Give the meaning of Quorum for meeting. 11. What is an ordinary resolution? 12. What do you mean by special resolution? 13. What do you understand by the term ‘oppression’ as used in section 397? 14. What is a statutory meeting? 15. What do you understand by a ‘Proxy’? 16. What do you understand by class Meeting? 17. What do you mean by Adjournment of meeting? 18. Who shall call an extraordinary general meeting? 19. What is meant by Mis Management?
EIGHT Marks Questions 1. Explain the procedure of voluntary winding up. 2. Give the meaning of statutory meeting and the contents of statutory report. 3. Bring out the requisites of a valid meeting. 4. Write a note on creditors voluntary winding up. 5 Write note on members voluntary winding up. 6. Write a note on “statutory meeting”. 7. State the circumstances when court orders a compulsory winding up. 8. Explain the different types of resolution.
TWENTY Marks Questions 1. What are the different kinds of meetings of the shareholders of a company? When and how are these meetings held? 2. What do you mean by winding up of a company? What are the different modes of winding up? 3. Describe the types of Meetings. State the provisions regarding the conduct of Annual General Body meeting. 4. State the provisions of the companies Act of 1956 relating to the following: (a). Members’ Voluntary winding up (b). Creditor’s voluntary winding up 5. What is company meeting? Bring out the essentials of a valid company meeting.
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BM 352: INVESTMENT MANAGEMENT Objective: To give a general idea regarding the nature and types of investment opportunities in India. Unit I Investment- types, scope- Speculation- Gambling- Risks of investment- Features of investments- Avenues of investments- Security form of investment- Non-securities form of investment. Innovative financial instruments- credit rating of debt instruments. New instruments traded in market- Zero coupon bonds, Deep discount bonds, Flexi bonds, Loyalty coupons, Share warrants, Stock invest. Credit rating - Meaning, key factors, merits & demerits, Agencies - CARE, ICRA, CRISIL. Unit II Fundamental and Technical Analysis- Economy, Industry and company analysis, benefits of fundamental analysis- technical analysis- Assumptions- Differences between fundamental and technical analysis- brief discussion on important tools of technical analysis- How to pick blue chips.
Unit III Financial Markets- Primary and Secondary markets- Inter- relationship between primary and secondary markets- Stock markets- NSE and BSE- Stock Market reforms: pre computerization era & reforms done after Computerization, Speculators -Listing, trading and settlement- capital market segment- Wholesale debt market- futures and options- risk management- membership- Depositories and benefits of depositories- A brief study of stock indices using BSE & NSE- Meaning and uses- Speculator dealings- A brief introduction of Government Securities market- Book building. Unit IV Mutual Funds- Concept- Benefits of Mutual Funds- Organizational structure- Product variety- Measurement and Evaluation of Mutual fund performance- Role of Association of Mutual funds in India (AMFI). Unit V Portfolio Management- Meaning, objectives, Factors influencing portfolio construction- Beta- Meaning and uses. Calculation of Alpha, Beta & return using CAPM, problems on CAPM. Total Hours: 60
BM 352 Investment Management Blown up syllabus Unit 1 – Investment - Meaning and definition of Investment – Objectives of investment –Importance of Investment - distinction between speculation and investment – distinction between gambling and investment - Features of Investment – (Exclude process of investment) - Avenues of investment – Securities form of investment – Government securities (meaning and features only, types: treasury bills and dated bonds - meaning only) and Corporate securities – Equity, preference, debentures and bonds (meaning and features only, exclude types, merits and demerits) – Non securities form of investment – Post office Small Savings, Insurance, Bank deposits (meaning, features, merits and demerits only, exclude types) – Physical assets – Real Estate and gold (meaning, features, merits and demerits only) – Innovative financial instruments – Zero coupon bonds(or deep discount bonds), loyalty coupons, floating rate bonds, share warrants, discount bonds, flexi bonds (meaning only) – Credit Rating – meaning of credit rating, Key factors to be considered while rating, - Benefits of credit rating to investor, benefits of credit rating to companies – functions of credit rating – disadvantages of credit rating – credit rating agencies – (A brief introduction only) - CRISIL (Credit Rating Information Services of India Limited), ICRA (Investment Information and Credit Rating Agency of India Limited), CARE (Credit Analysis and Research Limited), Fitch India Limited, SMERA (Small and Medium Enterprises Rating Agency of India Limited). Unit 2 Security Analysis – Introduction – Fundamental analysis – Meaning - Analysis of the economy - Key variables in determination of economic status – Industry analysis (Sensitivity to the Business Cycle, Industry Life Cycle Analysis, Study of the Structure and Characteristics of an industry, Profit Potential of Industries) – Company analysis- (Competitive strategy, Corporate strategy analysis, Accounting analysis, Financial analysis, Evaluation of management) – Benefits of fundamental analysis – Demerits of fundamental analysis Technical analysis – Meaning - Basic technical assumptions – Tools of Technical Analysis: Charting Techniques (Dow Theory, Bar & Line Charts, Point & Figure Charts, Moving Averages & Relative Strength Line – Exclude all the formation ) & Technical Indicators (Breadth Indicators & Sentiment Indicators)– differences between technical and fundamental analysis. Blue chip shares (meaning). How to pick Blue chip shares. Unit 3 Financial Markets – Capital Market - Primary securities market – secondary securities market – differences between primary securities market and secondary securities market – Stock market – meaning – features – functions of stock exchanges – Benefits of stock exchanges to the investor and to the company - National Stock Exchange (NSE) and Bombay Stock Exchange(BSE) – brief introduction and features of NSE and BSE (Exclude other stock exchanges of India) Speculators – meaning – types of speculators – bull, bear, lame duck, stag and arbitrageur- Speculative dealings – Badla transaction, Rigging the market, Cornering, Wash sales, Dividend stripping Listing – Meaning – Listing Procedure- advantages of listing of securities to the company and to the investor –compulsory delisting of companies Trading and settlement (in brief) – trading – open outcry system and screen based system - settlement – Rolling settlement (in brief) Wholesale debt market (meaning only) – Futures and options (meaning only- exclude types) Depositories – meaning – Advantages of depositories – Dematerialisation - National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL) – a brief introduction. Indicies – Meaning – S & P CNX Nifty, CNX Nifty Junior, S & P CNX 500, CNX Midcap 200, S & P CNX Defty – BSE Sensex, BSE 100 National Index, BSE 500, BSE 200 Midcap, Sectoral Indices (Meaning Only) – uses of indices Book building – meaning only (Exclude features, merts and demerits) Unit 4 Mutual Funds – Meaning of mutual funds – benefits/advantages of mutual funds – types of mutual funds – portfolio based classification – (growth schemes, income schemes, balanced funds, ELSS, index funds, gilt funds, money market schemes, theme fund, fund of funds, contra fund) and operational classification – (open ended schemes and closed ended schemes) - differences between open ended schemes and closed end scheme – Exchange Traded Funds(ETF) – meaning only - Options/plans – growth option, dividend option, reinvestment option, systematic investment plan, systematic withdrawal plan, switch facility (meaning only) – Entities/parties to a mutual fund (sponsor, trustees, AMC, custodian, registrars and transfer agents) – Cost of investing in a mutual fund (initial issue expenses, entry load, exit load and annual recurring expenses) - Risks associated with mutual funds- problems/disadvantages of mutual funds in India – Role of Association of Mutual Funds in India Unit 5 Portfolio Management(Investment management) – meaning of portfolio management – objectives of portfolio management – Elements of Portfolio management - portfolio construction - meaning - Factors influencing portfolio construction (traditional approach to portfolio construction; determination of objectives of investor, selection of securities, risk and return analysis, diversification) –Risk and Return - meaning of risk – meaning of return –systematic risk and unsystematic return - Capital Asset Pricing Model(CAPM) – Basic assumptions – Limitations of CAPM - calculation of Beta – measurement of Beta – Alpha factor – computation of alpha – calculation of expected rate of return – computation of portfolio beta and expected return of the portfolio.
References Raghunandan B. V.,(2012) “Investment Management”, Udupi, Sushrutha Books, (All chapters) Preethi Singh, (2007), “Investment Management”, Mumbai, Himalaya Publising House Pvt. Ltd. (All chapters except mutual funds) Avadhani V. A., (2011), “Investment and Securities Markets in India”, Mumbai, Himalaya Publising House Pvt. Ltd. (All chapters except mutual funds) Bhalla V. K., (2010), “Fundamentals of Investment management”, New Delhi, S. Chand & Company Ltd. (All chapters except mutual funds) Punithavathy Pandian, (2012), “Security Analysis and Portfolio Management”, New Delhi, Vikas Publishing House. (All chapters) Prasanna Chandra, (2008), “Investment Analysis and Portfolio Management”, New Delhi, Tat McGraw Hill Education Pvt. Ltd. (All chapters) Gordon E. And Natarajan, (2013), “Financial Markets and Services”, Mumbai, Himalaya Publising House Pvt. Ltd. (topic on credit rating, chapters on Financial market and Mutual Funds only) Shashi K. Gupta, Nisha Aggarwal, and Neeti Gupta, (2011), “Financial Institutions and Markets”, New Delhi, Kalyani Publishers (Two chapters on Financial market and Mutual Funds only) Shashi K. Gupta, and Nisha Aggarwal, (2011), “Financial Services” New Delhi, Kalyani Publishers (topic on credit rating, chapters on Financial market and Mutual Funds, topic on portfolio management only) Khan M. Y., (2011), “Financial Services” New Delhi, Tat McGraw Hill Education Pvt. Ltd. (Chapter on mutual fund Financial market and Mutual Funds only) Siddaiah Thummuluri, (2011), “Financial Services”, New Delhi, Dorling Kindersley (India) Pvt. Ltd. Licensee of Pearson Education. (Two chapters on Financial market and Mutual Funds and a topic on credit rating only) Fischer Donald E. And Jordan Ronald J., (2002), “Security Analysis and Portfolio Management”, New Delhi, Prentice Hall of India Pvt. Ltd. (Two chapters on Security Analysis and Portfolio Management)
Question Bank Unit 1 Two Marks (any three) 1. Define Investment? ( Raghunandan B. V.) 2. What are Equity shares? ( Raghunandan B. V.) 3. What are preference shares? ( Raghunandan B. V.) 4. What are debentures? ( Raghunandan B. V.) 5. Give any two differences between Investment and Gambling? (Preethi Singh) 6. What are Zero coupon bonds? ( Raghunandan B. V.) 7. What are Floating rate bonds? ( Raghunandan B. V.) 8. What are Loyalty coupons? ( Raghunandan B. V.) 9. What are Share warrants? ( Raghunandan B. V.) 10. What are Flexi bonds? ( Raghunandan B. V.) 11. What are Discount bonds? ( Raghunandan B. V.) 12. What is Credit rating? ( Raghunandan B. V.) 13. Expand CRISIL. ( Raghunandan B. V.) 14. Expand CARE. ( Raghunandan B. V.) 15. Expand ICRA. ( Raghunandan B. V.)
Eight Marks (any two) 1. Distinguish between investment and speculation? (Preethi Singh) 2. Explain the objectives of Investment? (Avadhani V. A) 3. Explain the features of Investment? ( Raghunandan B. V.) 4. Explain the importance of Investment? ( Raghunandan B. V.) 5. Briefly explain securities form of Investment? ( Raghunandan B. V.) 6. Explain the functions of credit rating? (Gordon E. And Natarajan) 7. Explain the benefits of credit rating to the Investor? ( Raghunandan B. V.) 8. Explain the benefits of credit rating to the Company? ( Raghunandan B. V.) 9. Explain the limitations of credit rating? ( Raghunandan B. V.) 10. Explain briefly any four credit rating agencies in India? ( Raghunandan B. V.)
Twenty Marks (any one) 1. Explain various non securities form of investment? ( Raghunandan B. V.) 2. “Investment is both important and useful in the context of present day conditions”- Analyse the statement. ( Raghunandan B. V.) 3. Given an option to invest in Land, Insurance and Gold which one would choose and why? ( Raghunandan B. V.) 4. Explain the benefits of credit rating to the investor and to the company? ( Raghunandan B. V.)
Unit 2 Two Marks (any two) 1. What is fundamental analysis? ( Raghunandan B. V.) 2. Mention four Industry life cycle stage? (Prasanna Chandra) 3. Mention any two factors should the analyst examine to determine whether a firm is likely to gain competitive advantage? (Prasanna Chandra) 4. Spell out any two key macroeconomic variables in the economic analysis? (Prasanna Chandra) 5. What is technical analysis? ( Raghunandan B. V.) 6. What is a bar chart? (Prasanna Chandra) 7. What is a line chart? (Prasanna Chandra) 8. What is breadth of market? ( Raghunandan B. V.) 9. What is meant by a blue chip stocks? ( Raghunandan B. V.) 10. Mention any two factors to be considered to locate stocks of blue chip companies? ( Raghunandan B. V.)
Eight Marks (any one) 1. Explain the basic assumption of technical analysis? ( Raghunandan B. V.) 2. Write a note on Dow Theory. ( Raghunandan B. V.) 3. Discuss any four key macroeconomic variables in the economic analysis? (Prasanna Chandra) 4. Distinguish between the Fundamental analysis and Technical analysis? ( Raghunandan B. V.) 5. How to pick up shares of blue chip companies? ( Raghunandan B. V.)
Twenty marks (any one) 1. Describe the factors considered in economic, company and industry analysis? (Prasanna Chandra) 2. What is fundamental analysis? Describe the benefits and demerits of fundamental analysis? ( Raghunandan B. V.) 3. Elucidate technical analysis based on Charting Techniques? (Prasanna Chandra) 4. What is technical analysis and explain the basic assumptions of Technical analysis? Elucidate technical analysis based on Technical Indicators? (Prasanna Chandra)
Unit 3 Two Marks (any three) 1. What is a Primary market? ( Raghunandan B. V) 2. What is a Secondary market? ( Raghunandan B. V) 3. What is a Stock exchange? ( Raghunandan B. V) 4. What is Sensex? ( Raghunandan B. V) 5. What is Nifty? ( Raghunandan B. V) 6. What are Futures contract? ( Raghunandan B. V) 7. What are Options contract? ( Raghunandan B. V) 8. What is Wholesale debt market? ( Raghunandan B. V) 9. Give the meaning of Book building? ( Raghunandan B. V) 10. Who is Bull speculator? ( Raghunandan B. V) 11. Who is a Bear speculator? ( Raghunandan B. V) 12. What is Listing of securities? ( Raghunandan B. V) 13. What is Depository? ( Raghunandan B. V) 14. What is compulsory delisting of securities? ( Raghunandan B. V) 15. Name any two Depositories of securities in India. ( Raghunandan B. V)
Eight Marks (any two) 1. Differentiate between primary securities market and secondary securities market? ( Raghunandan B. V.) 2. Explain the benefits of stock exchanges to the investor? ( Raghunandan B. V.) 3. Explain the benefits stock exchanges to the company? ( Raghunandan B. V.) 4. Explain any four types of speculators in stock exchanges? ( Raghunandan B. V.) 5. Explain any four types of speculative dealings in stock exchanges? ( Raghunandan B. V.) 6. Explain the advantages of Listing of securities in Stock exchanges to the investor? (Bhalla V. K) 7. Explain the advantages of Listing of securities in Stock exchanges to the company? (Bhalla V. K) 8. Explain any four indices of National Stock exchange? ( Raghunandan B. V.) 9. Explain any four indices of Bombay Stock Exchange? ( Raghunandan B. V.) 10. Explain various uses of indices? ( Raghunandan B. V.) Twenty Marks (any two) 1. Discuss the functions of stock exchanges in India? ( Raghunandan B. V.) 2. Define Stock exchange. Discuss the features of stock exchanges in India? ( Raghunandan B. V.) 3. Explain the benefits of stock exchanges to the investor and to the company? ( Raghunandan B. V.) 4. What is listing? Explain briefly the listing procedure. ( Raghunandan B. V.) 5. Discuss the advantages of listing of securities in stock exchanges to the investor and to the company? (Bhalla V. K) 6. Discuss the functions of National stock Exchange (NSE) and Bombay Stock Exchange (BSE)? ( Raghunandan B. V.) 7. What are the advantages of depositories system to the Investor, to company and to capital market? (Gordon E. And Natarajan) 8. Explain the various types of Speculators in Indian Stock exchanges? Discuss their speculative dealings in Stock exchanges? ( Raghunandan B. V.)
Unit 4 Two Marks (any two) 1. What is a mutual fund? ( Raghunandan B. V.) 2. What is Net Assets Value of a mutual fund? ( Raghunandan B. V.) 3. What do you mean by Assets Management Company? ( Raghunandan B. V.) 4. What is an Exchange Traded Fund? ( Raghunandan B. V.) 5. What is a fund-of-fund scheme? ( Raghunandan B. V.) 6. What is a Equity Linked Savings Scheme? ( Raghunandan B. V.) 7. What do you understand by Entry Load in mutual funds? (Prasanna Chandra) 8. What do you understand by Systematic Investment Plan? (Khan M. Y.) 9. What is an open ended scheme of mutual fund? ( Raghunandan B. V.) 10. What is a closed ended scheme of mutual fund? ( Raghunandan B. V.)
Eight Marks (any one) 1. Explain any four mutual fund schemes based on the portfolio classification? ( Raghunandan B. V) 2. What are open ended and closed ended schemes of mutual funds and list out four key differences between open ended and closed ended schemes? (Prasanna Chandra) 3. Outline the options/plans associated with the mutual fund schemes. (Khan M. Y.) 4. What are the costs of investing in a mutual fund? (Prasanna Chandra) 5. Explain the role of Association of Mutual Funds in India (AMFI)? ( Raghunandan B. V)
Twenty Marks (any one) 1. Discuss the role of the various entities/ parties in a mutual fund operation. ( Raghunandan B. V) 2. Describe the characteristics mutual fund schemes based on the portfolio based classification and operational classification of mutual funds? ( Raghunandan B. V) 3. Describe the various risks associated with the mutual funds and the problems of mutual funds in India? ( Raghunandan B. V) 4. Discuss the advantages and limitations of investing in a mutual fund. (Siddaiah Thummuluri)
Unit 5 Two Marks (one problem and one theory) 1. Question on Calculation of Alpha. ( Raghunandan B. V) 2. Question on Calculation of Beta. ( Raghunandan B. V) 3. What is portfolio management? (Avadhani V. A.,) 4. Write two basic objectives of portfolio management. (Avadhani V. A.,) 5. What do you understand by portfolio construction? (Avadhani V. A.,) 6. What is a risk? ( Raghunandan B. V) 7. Define a return? ( Raghunandan B. V)
Eight Marks (one problem) 1. Question on Calculation of Expected rate of return. ( Raghunandan B. V) 2. Question on Calculation of Portfolio beta and Expected rate of return on the portfolio. ( Raghunandan B. V) Twenty Marks (any one) 1. Discuss the Capital Asset pricing Model and its assumptions. What are its limitations? ( Raghunandan B. V) 2. Outline the objectives of portfolio management and discuss the elements of portfolio management? (Avadhani V. A.,) 3. What do you mean by risk? Explain the different systematic and unsystematic risks in investments?( Raghunandan B. V) 4. What is portfolio management? What are the factors that a portfolio manager should keep in mind while deciding investment? (Shashi K. Gupta, and Nisha Aggarwal, “Financial Services”)
Allotment of marks: Unit No. of Two No. of Eight No. of Twenty marks Total marks marks marks questions unit wise questions questions 1 3 questions 2 questions 1 question (internal 6+16+20=42 choice between unit marks 1 and 2) 2 2 questions 1 question 1 question (internal 4+8+20=32 choice between unit marks 1 and 2) 3 3 questions 2 questions 2 questions (internal 6+16+20=42 choice of unit 3) marks 4 2 questions 1 question 1 question (internal 4+8+20=32 choice between unit marks 4 and 5) 5 2 questions 1 question 1 question (internal 4+8+20=32 choice between unit marks 4 and 5) Total No. 12 questions 7 questions 6 questions of questions
Model Question Paper BBMBMC 352 INVESTMENT MANAGEMNT
Section A (Two marks each) 1. a). What are preference shares? b). Expand CRISIL. c). Give the meaning of Zero discount bonds? d). What is a fundamental analysis? e). What is meant by blue chip stocks? f). Who is a bear speculator? g). What is a book building? h). What is a Futures contract? i). What is a closed ended scheme of mutual fund? j). What do you understand by systematic investment plan in mutual funds? k).The standard deviation of a share is 0.24, while of market is 0.2. correlation coefficient is 0.9. Calculate the Beta coefficient. l). What is a portfolio management?
Section B (Eight Marks) Answer any five of the following: 2. Explain the features of Investment? 3. Explain in brief any four credit rating agencies in India? 4. How to select the shares of blue chip companies? 5. Explain any four indices of Bombay Stock Exchange? 6. Explain the advantages of Listing of securities in Stock exchanges to the investor? 7. Explain the role of Association of Mutual Funds in India (AMFI)? 8. Using CAPM, estimate the required rate of return for each investment when the risk free rate is 7% and market return is 12%.
Stock A B C D E
Beta 1.20 0.80 1.50 0.60 1.25
Section C (Twenty Marks each) Answer the following Questions: 9. Explain the benefits of credit rating to the investor and to the company?
OR Elucidate technical analysis based on Charting Techniques?
Discuss the functions of stock exchanges in India? OR
What is listing? Explain briefly the listing procedure.
10. Explain the various risks associated with the mutual funds and the problems of mutual funds in India?
OR
Discuss the Capital Asset pricing Model and its assumptions. What are its limitations? ------
BBMBMC 353: COST AND MANAGEMENT ACCOUNTING BLOWN-UP SYLLABUS
UNIT I - METHODS OF COSTING
JOB COSTING- Meaning, features, objectives, procedure, advantages and limitations (Simple problems on Job Cost Sheet) BATCH COSTING-Meaning, Features, Economic Batch Quantity- Computation of EBQ- Differences between Job Costing and Batch Costing (no problems on Batch Cost Sheet) OPERATING (Transport Operation) COSTING- Meaning, Features, Transport Costing, Cost Accumulation-Classification: Fixed or Standing charges, Maintenance Charges and Operating or Running Charges-Calculation of Passenger/Ton Kilometers (Preparation of Operating Cost Sheet)
UNIT II- CONTRACT COSTING AND PROCESS COSTING CONTRACT COSTING-Meaning, features, Differences between Job and Contract Costing, types of contracts, Escalation and De-escalation clause, Work Certified and Work Uncertified-Treatment of profit or loss on incomplete contracts-Retention money- Costing procedure-Items appearing in the Balance Sheet of the Contractor (Problems on contract costing) PROCESS COSTING-Meaning, features, Differences between Job and Process Costing, Merits and Demerits-Costing procedure- -Treatment of Process Losses: Normal and Abnormal loss and Abnormal Gain--By-Products and Joint Products: Meaning and Differences only. (Problems on Preparation of Process Accounts)
UNIT III-MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING: meaning only; TECHNIQUES OF COST ANALYSIS AND CONTROL-MARGINAL COSTING-Meaning, definition, features, advantages and limitations, Basic concepts, Marginal costing equations, Cost-Volume-Profit Analysis, Break-even analysis-Break-even chart- Construction of BE Chart( Simple problems on Break-even analysis)
UNIT IV-BUDGETS AND BUDGETARY CONTROL Budget, budgeting and budgetary control-Meaning, Features, Objectives, Advantages and Limitations –Types of Budgets-Functional Budgets, Fixed and Flexible Budgets- Problems on Flexible budgets-Zero-Base Budgeting(Meaning only)
RECONCILIATION OF FINANCIAL ACCOUNTING AND COST ACCOUNTING PROFIT/LOSS-Reconciliation Statement- Meaning –Causes for its preparation-Steps in the preparation of Reconciliation Statement (Simple and advanced Problems on preparation of Reconciliation statement)
UNIT V - STANDARD COSTING Meaning and definition of Standard cost and Standard costing- -Steps involved- Advantages and Limitations-Differences between Standard Costing and Budgetary Control- Analysis of Variances-Material, Labour and Overhead Variances-Simple Problems on Material Variances(Cost, price and Usage)and Labour Variances(Cost, Rate and Efficiency).
BBMBMC 353: COST AND MANAGEMENT ACCOUNTING
PATTERN OF THE QUESTIONS UNIT I –METHODS OF COSTING
SECTION-A (2MARKS) 1. Theoretical concepts on Job/Batch/Operating costing. 2. Calculation of EBQ Section-B (8marks) 1. Simple problems on Job Cost Sheet 2. Differences between Job and Batch costing. 3. Calculation of Passenger Kilometers and Ton Kilometers Section-C (20marks) Problems on Operating Costing
UNIT II –CONTRACT AND PROCESS COSTING
Section-A (2marks) 1. Theoretical concepts on Contract and Process costing. Section-B (8marks) 1. Treatment of Profit /Loss on incomplete contracts 2. Short note on different types of Contracts 3. Simple problems on preparation of Process Cost Account 4. Differences between By-product and Joint product 5. Differences between Normal and Abnormal Loss 6. Simple theories on Contract and Process Costing.
Section-C (20marks) Problems on Contract and Process Costing
UNIT III-MANAGEMENT ACCOUNTING Section-A (2marks) 1. Meaning of Management Accounting 2. Theoretical concepts on Marginal costing and Break even Analysis
Section-B (8marks) 1. Theory on Break even chart and its construction 2. Problems on break even analysis Section-C (20marks) Problems on Marginal Costing and break even analysis involving calculations
UNIT IV-BUDGET AND BUDGETARTY CONTROL
Section-A (marks) 1. Theoretical concepts on Budgetary Control and Reconciliation Statement Section-B (8 marks) 1. Steps involved in Budgetary Control 2. Reasons for differences between Cost and Financial Account Profits 3. Steps in the preparation of Reconciliation Statement 4. Simple problems on Flexible Budgets 5. Simple problems on Reconciliation Statement of Cost and Financial Account Profits 6. Differences between Budgetary Control and Standard Costing
Section-C (20 marks) 1. Problems on the preparation of Reconciliation Statement of Cost and Financial Account Profits/Losses
UNIT V- STANDARD COSTING
Section-A (2marks) 1. Theoretical concepts on standard costing and Variance Analysis. 2. Meaning of Material, Labour and Overhead Variances Section-B (8marks) 1. Meaning and Definition and Steps involved in Standard Costing 2. Advantages and disadvantages of standard costing 3. Simple problems on Material and Labour Variances Section-C (20marks) -NIL-
MODEL QUESTION PAPER (2012 Scheme) CREDIT BASED SIXTH SEMESTER BBM DEGREE EXAMINATION COST AND MANAGEMENT ACCOUNTING
Time- 3 hours Max. Marks-120 Section –A (Two Marks Each) (2X10=20)
Answer any TEN of the following: 1. a) Define Job costing. b) What is operating costing? c) What do you mean by escalation clause in contract costing? d) What do you mean by Normal loss? e) What do you mean by Retention money? f) What is Zero base budgeting? g) What do you mean by Angle of Incidence? h) Define joint products. i) Define Management Accounting. j) What do you mean by Break Even Point? k) Give the meaning of Flexible Budget. l) Define standard costing.
Section –B (Eight Marks Each) (5X8=40) Answer any FIVE of the following: 2. What do you mean by budgetary control? Explain briefly the procedure involved in it. 3. What are the reasons for the difference in the profits shown by cost accounts and financial accounts?.
4. Bajaj Ltd. has adapted a job costing method. It has undertaken Job no.505 for which the material cost was Rs. 24,000, Direct Labour cost was Rs.12,000 and Direct expenses Rs.24,000. The factory overhead is recovered at 50%of factory cost. The administrative overhead was recovered at 20% on production cost. Selling and distribution overheads were recovered at 505 of the cost of sales. Prepare a job cost sheet showing the price to be quoted to make 16.675 profit on Job No. 505.
5. From the following information, calculate total kilometers and total passenger kilometers: Number of buses------5 Days operated in a month---25 Trips made by each Bus---- 4 Distance of route------25 km one side Capacity of the Bus------50 passengers Normal passengers travelling---90% of the capacity
6. You are given the following data - Years Sales Profit 2011 3,00,000 24,000 2012 3,50,000 32,500 Find out- a) PV. Ratio b) Profit when Sales are 3,70,000 c) BEP d) Margin of safety for the year 2011.
7. For the production of 10,000 products the following is the budgeted expenses. Prepare a production budget for 9,000 units. Showing distinctly marginal cost and total cost. Particulars Cost / unit Direct material Rs.120.00 Variable O H Rs.50.00 Variable expenses( direct) Rs.10.00 Distribution Expenses (20% fixed) Rs.10.00 Direct labour Rs.60.00 Selling expenses (10% fixed) Rs.30.00 Administrative Expenses (100% variable) Rs. 10.00
8. Calculate material variances from the following;- Purchases 3,000 kgs for Rs. 9,000.00 Opening stock 100 kgs. Closing stock 600 kgs. Production during the year 80 units of output Standard Quantity of material required for 1 unit of output is 25 kgs. Standard rate is Rs. 2.5/kg.
SECTION- C [Twenty Marks each] (3X20=60)
Answer any THREE of the following:
9. The Mangalore fertilizer corporation manufactures three grades of fertilizers. The following details relate to the month of August, 2013;- Particulars Process-A Process -B Process -C Materials used 30,000 20,000 10,000 tons tons tons Cost per Tone Rs.20 Rs.10 Rs.5 Wages 1,00,000 60,000 40,000 Manufacturing Expenses 50,000 40,000 10,000 Sent to warehouse 25% 50% 100% Transferred to next process 75% 50% ----- Sales of scrap per ton Rs. 10 Rs.15 Rs.18
In each process, 4% of the total weight put in is lost and 6% is scraped. No profit is added in the course of processing but all grades of fertilizers are sold so as to show 25% gross profit on process cost. Prepare the necessary Accounts.
10. Jamadagni under took a contract for Rs. 500,000 on 1st January, 2013. From the following particulars obtained from his books, prepare a contract Account for the year ending 31st December, 2013: Materials Rs .1,20,000 Plant issued Rs. 40,000 Wages Rs.1,50,000 Working expenses Rs. 6,000 Administration expenses Rs 10,000 Sale of materials Rs 10,000 Works certified Rs 3,50,000 Plant in hand on 31-12-2007. Rs 20,000 Cost of work un certified Rs 16,000
The contractor wished to take profit on this contract on estimation basis and the following estimation is made;- a) The contract could be completed in a further period of six months. b) The plant will have a residual value of Rs. 5,000 upon completion of the contact. c) The additional wages to complete the contract would come to Rs. 51,000. d) A further sum of Rs 4,000 will be spent on working expenses. e) The administration expenses will be Rs. 5,000 more. f) The materials required further will cost Rs. 65,000.
11. Mr. Avatar Singh has been given a permit to run a bus in between two towns which are 25 kms apart. From the following information, assuming 10% profit on takings for Mr. Avtar Singh work out the bus fare to be charged in between those two towns for each passenger. Cost of the Bus------12,00,000 Annual tax------24,000 Diesel for 100 kms------720 Oil and stores per month ------2,000 Garage rent per month------2,000 Repairs Estimated per month------4,500 Insurance per annum ------36,000 Tyre and tubes per month------3,000 Depreciation @ 25%per annum------Salary of conductor per month------3,000 Salary of Driver per month------4,500 Salary of Accountant per month------5,000 Permit fees per month------1,000 Miscellaneous expense per month------8,000
Commission to driver and conductor @ 10% of the takings to be shared equally by them. The bus will make 3 round trips every day and it carries 30 passengers on an average in each trip. The bus will operate for 25 days during the month.
12 .The following figures are available from the financial accounts for the year ended 31st March 2013.
Direct materials. Rs. 2,50,000 Direct wages Rs. 1,00,000 Factory overheads Rs. 3,80,000 Administration overheads Rs. 2,50,000 Selling and distribution overheads Rs Rs. 4,80,000 Bad debts Rs.20,000 Legal charges Rs. 5,000 Preliminary expenses Rs.10,000 Dividend received Rs.50,000 Interest on deposit received Rs.10,000 Sales (1,20,000 units) Rs.7,00,000 Closing Stocks- Work in process- Rs.80,000 Finished goods-(40,000 units) Rs.1,20,000
The cost accounts revealed that the direct materials consumption was Rs. 2,80,000. Factory Overheads were recovered at 20% on prime cost. Administrative Overheads were recovered at Rs. 3 per unit of production. Selling and distribution overheads were Rs. 4 per unit sold. You are required to show costing profit and loss account and financial profit and loss account and Reconciliation Statement.
VI SEMESTER BBM Subject-COST AND MANAGEMENT ACCOUNTING
MODEL QUESTIONS SECTION –A (Two marks each) 1. What do you mean by cost plus contract? 2. Define Budgetary Control 3. What is meant by Angle of Incidence? 4. What do you mean by a flexible budget? 5. What is an escalation clause? 6. What do you mean by joint product? 7. How do you treat abnormal effectiveness? 8. How do you calculate material price variance? 9. The cost of production for product A is Rs. 140. If the firm wants to earn a profit of 33 .33% on selling price what should be the sales price? 10. What do you mean by break-even point? 11. Define economic batch quantity 12. What is a ‘key factor’ or limiting factor? 13. Give the meaning of abnormal loss 14. What do you mean by a ‘by product’? 15. Mention two drawbacks of budgetary control 16. What do you mean by work certified? 17. What do you mean by retention money? 18. Define marginal costing 19. What is batch costing? 20. What is meant by p/v ratio (Profit Volume ratio)? 21. What do you mean by normal loss? 22. What is the main object of reconciliation statement? 23. Give the meaning of Joint cost. 24. Give the meaning of subsequent expenses or separation cost? 25. What is meant by cost variance? 26. What do you mean by work certification? 27. What is idle time variance? How is it determined? 28. What is job costing? 29. What do you mean by operating or service costing? 30. What do you mean by ‘margin of safety’? 31. Define wastage? 32. Give the meaning of scrap. 33. State any 2 methods of computing the profit on in completed contract 34. .Suggest a suitable method of costing for i) Railways ii) Interior Decoration iii) Repair shop iv) Oil refineries v) Printing press 35. If the profit is 25% on sales , how much is the percentage on cost? 36. What is retention money? Why is it retained? 37. Mention any two advantages of marginal costing 38. Mention any two advantages of standard costing 39. Mention any two advantages of budgetary control 40. Mention the components of works cost 41. A method of costing followed in a public utility 42. Define flexible budget 43. From the following data find out marginal cost: sales -10,00,000 Rs. Fixed expenses.Rs.3,00,000. Profit Rs. 2,00,000 44. What do you mean by master Budget? 45. Give the meaning of functional budget 46. Define standard cost 47. What do you mean by split off point 48. Give one example for the following: a) Variable cost b) Fixed cost c) Semi- variable cost 49. How the profit volume ratio is improved? 50. Give the meaning of Escalation clause 51. What is adverse variance? 52. Give the formula for labour efficiency variance 53. What you mean by favourable variance? 54. Define labour cost variance? 55. How do you find contribution in marginal costing? 56. How WIP shown in the Balance sheet 57. Define budget. 58. What is notional profit? 59. Define process costing. 60. Which method of costing is suitable for ship building industry and hospital?
AUDITING (BBM 354) BLOWNUP SYLLABUS
UNIT – I = INTRODUCTION
Definition of auditing features of auditing, advantages, objectives of audit, detection and prevention of errors and frauds. Classification of audit – statutory, private, government, internal, continuous, annual, interim, partial, balance-sheet, cost tax, management and social audit, Preparation before audit – audit programme- audit note book – audit working papers – Procedure of audit – Techniques of audit.
UNIT – II = INTERNAL CONTROL
Meaning features and objectives – Internal Check – meaning, definitions, features, objectives, advantages and disadvantages. Internal check regarding – cash receipt, cash payments, wages and stores. (Note: good system of internal check instead of features)
UNIT – III = VOUCHING
Meaning, objectives and importance – Vouching of cash receipt transactions- cash sales, B/R, receipts from sale of fixed assets, cash payment transactions – cash purchases, payment to creditor, wages, remuneration to auditor, purchase of investment, capital expenditure and petty cash book.
UNIT – IV = VERIFICATION OF ASSETS AND LIABILITIES Classification of assets and verification and valuation of different assets- fixed, floating, wasting, intangible, fictitious assets and contingent. Valuation of stock- Auditor’s duty- verification of liabilities – meaning, auditor’s duty.
UNIT – V = COMPANY AUDITOR
Meaning, disqualification, appointment, rights and duties. Liability of the company auditor – Civil Liability for Negligence - Case – Lead Estate Building Investments Co. V/S Shepherd, London Oil storage Co. V/S Seears Husluck and Co. - Civil Liability for Misfeasance – Case – London and General Bank Ltd., Kingston Colton Mills Co. Ltd., Union Bank of Allahabad, - Criminal Liabilities of an Auditor under Companies Act of 1956 and Chartered Accountants Act; Auditors Report – meaning, importance and types; Professional Ethics of an auditor – meaning, professional misconduct.
AUDITING (BM 354) QUESTION BANK
UNIT – 1 : Introduction (2 marks questions) 1. Define auditing. 2. Explain any two features of auditing. 3. What do you mean by statutory audit OR private audit OR government audit OR internal audit OR interim audit OR partial audit OR management audit OR social audit OR annual audit? 4. What do you mean by balance sheet? 5. Give the meaning of Cost. 6. Give the meaning of Tax. 7. Give the meaning of routine check OR test checking OR surprise check OR audit in depth OR tick marks OR footing. 8. What do you mean by audit note book? 9. Give the meaning of omission OR commission OR compensating error OR error of principle.
(8 marks questions) 1. Explain the features of audit. 2. Explain the advantages of audit. (owners, business and public only) 3. Explain the contents of audit working papers. 4. Classification of audit – statutory OR private OR government OR internal. 5. Audit Note Book – advantages OR disadvantages OR contents. 6. Explain the techniques of audit. 7. Explain the preparations done by an auditor before commencing an audit.
(20 marks questions) 1. Explain in detail detection and prevention of errors. 2. Explain in detail detection and prevention of frauds. 3. What do you mean by continuous audit? OR Define continuous audit. Explain its advantages and disadvantages. 4. What do you mean by audit program? Explain it advantages and disadvantages.
UNIT – II : Internal Control (2 marks questions) 1. Give the meaning of internal control. 2. Give the meaning of internal check. 3. Define internal check. 4. Explain any two features of internal control. 5. Explain any two objectives of internal control. 6. Explain any two objectives of internal check.
(8 marks questions) 1. Features OR objectives of internal control. 2. Objectives of internal check. 3. Explain the advantages OR disadvantages of internal check. 4. Internal check regards - cash receipts OR cash payments OR stores.
(20 marks questions) 1. Internal check regards – wages. 2. What do you mean by internal check? Explain the good system of internal check in the organization.
UNIT – III : Vouching (2 marks questions) 1. Give the meaning of vouching. 2. Give the meaning of wages. 3. Give the meaning of remuneration OR petty cash book.
(8 marks questions) 1. Explain the objectives of vouching. 2. What are the importances of vouching? 3. Explain cash receipt transactions (cash sales OR B/R OR receipts from sale of fixed assets) 4. Petty cash book (any 2)
(20 marks questions) 1. Explain cash receipt transactions (all the three) OR cash payment transactions (any four)
UNIT – IV : Verification of Assets and liabilities (2 marks questions) 1. Give the meaning of verifications of liabilities. 2. Give the meaning of fictitious assets OR floating assets OR wasting assets OR intangible assets.
(8 marks questions) 1. Explain the auditor’s duty regarding verification of stock. 2. What do you mean by verification of liabilities? What are the duties of an auditor regarding verification of liabilities?
(20 marks questions) 1. Explain the verifications and valuations of different types of assets in an organization.
UNIT – V : Company Auditor (2 marks questions) 1. Give the meaning of company auditor. 2. What do you mean by auditors report? 3. What are the types of audit reports? 4. Give the meaning of Clean/unqualified report OR Qualified/adverse report. 5. Give the meaning of professional ethics. 6. Give the meaning of professional misconduct.
(8 marks questions) 1. On what grounds the auditor is disqualification OR appointed? 2. Explain Civil Liability for Negligence with one case. 3. Explain Civil Liability for Misfeasance with one case. 4. Explain Criminal Liabilities of an Auditor under Company’s Act. 5. Explain importance of auditor’s report. 6. Explain professional misconduct.
(20 marks questions) 1. What are the rights of a company auditor OR duties of a company auditor?
VI Semester BBM Project Report/FIELD STUDY
The objectives of the Project work in BBM course curriculum are:
To equip with practical knowledge as to the business unit/firm. To enable students to develop further skills and knowledge gained on the course by applying them to the analysis of a specific business problem or issue, via a substantial piece of independent work carried out over an extended period. To demonstrate proficiency of students in design of a project, collection, analysis, interpretation of data, and presentation of results.
Guidelines for BBM students to prepare Project work report SPIRAL BINDING IS NOT ALLOWED.
Components of Project report
Title of the project work: this should convey the general issues that the student is interested in. The title should not be generic in nature and should imply that the work is being made to be able to make certain conclusions. The title may indicate the organization in which the research is being carried out. As far as possible, Title should be simple and clear and precise.
Objectives: objectives of the project should be clearly mentioned.
Methodology: You should specify the methodology which you are going to adopt to carry out the project.
Criteria’s for selecting the topic and organization: a) Elective subject Or Area of Interest: Project can be undertaken on Elective subject or area of interest or General study covering all areas of management or Students shall make a study of any of the following four key areas of management namely production/marketing/finance/human resource. b) Originality: Your project work must be carried out by yourself and must be original. You can certainly take ideas from elsewhere, but be sure that you evolve them in the unique way to suit your project requirements. c) Company specific: the project work should be undertaken in a company or any of its departments or any business establishments. The outcome of the project work should be useful to the organization or establishment. d) Students must consult their guide in selection of topic. Study shall be under the guidance of a faculty member. e) Students can do the Project in the organization where you are intending to work. It is good Idea to link your project to your future plans. This will be a useful for your future job prospects and it will also demonstrate to your potential employers about your enthusiasm and knowledge. f) Remember that you have constraints of resources like time, monetary, infrastructure, so, it is necessary to complete your project within the specified constraints. Planning for the project work It is necessary to plan ahead, to make sure that students must complete their work within the specified time for the project work. To achieve this, students should work out a precise schedule.
Note: 1. The full content of the report must be hard bound together so that the pages cannot be removed or replaced. The cover of the report must contain Title, Name of the student, and Registration number of the student, Name of the guide with designation, College name with Place name, Month and year of submission. 2. Text pages should be printed on one side of the paper, preferably with 1.5 line spacing, and page numbers at the bottom of the each page. Margins should be 2” on the left and 1” on the right. 3. Please use separate index sheets for all chapters each chapter should start from a new page. 4. The declaration must be duly signed by the student 5. The project report must be about 60-100 pages. 6. Report must contain all the necessary documents such as Certificate from the Principal, Certificate from the guide, Certificate from the study organization/firm/company, declaration from the student, acknowledgements etc. 7. Original copy of the project report /dissertation must be submitted to the University for Evaluation. The Project report shall be submitted to university through the principal of the concerned college at least 1 week before the commencement of examinations. 8. Chapter 1: INTRODUCTION must include the following: -An overview of the study -Objectives of the study -Scope and Limitation of the of the study -Methodology -Plan of the study or Chapter classification
10. General assessment factors are as follows: SL.NO ASSESSMENT FACTOR 1. Appropriateness of title and proper index pages
2. Methodology: a) Objectives of the study b) Scope and limitation of the study c) Data Collection methodology, sample design etc. d) Questionnaire or Interview schedule etc. 3. Review of related literature or conceptual framework
4. Profile of the industry or Profile of Study organization
5. Data Analysis and Interpretation/Findings of the study: a) Tabulation and interpretation b) Diagrammatic and Graphical presentation 6. Summary and Findings
7. Suggestions and Conclusions
8. Appendices and Bibliography Note: Maximum 30 marks for Viva--voce which will be conducted at the concerned college. For viva-voce external Faculty may be invited.
General Format of the project /dissertation: 1. Front wrapper Cover Page Title, Name of the candidate , Registration number of the student, Name of the guide with designation, college name with Place name, College name and place in Block Letters, Month and year of submission. 2. Certificate from the College Principal 3. Certificate from the Guide 4. Certificate from the study organization/firm/company 5. Declaration of the Student 6. Acknowledgements The candidate may thank all those who helped in the preparation of project work. 7. Table of Contents Refer the list of contents specimen given below 8. List of Tables Tables, if any, with Table No., Title of the Table and Page No. be given for each table. (Refer the specimen given below). 9. List of Figures Figures if any, with figure No., Title of the Figure and Page No. be given for each figure. (Refer the specimen given below). 10. Main Body of the Project/Dissertation The main body of the dissertation may be divided into 4 to 6 Chapters with suitable Title for each Chapter. The first chapter will be the Introduction. The last chapter shall be invariably Conclusion. For each table source note should be given at the bottom of each table. The total number of pages of the Project/Dissertation may be between 60 to 100 pages.
11. Reference section After all Chapters are presented, Appendices are included. Appendix I: Copy of the questionnaire or Schedule, or Balance sheets (if any) Appendix II: Bibliography (Give full list of Books, Reports, Journals and Newspapers referred in alphabetical order of authors under respective headings)
Sample Content Page
LIST OF CONTENTS ------Page No
List of Tables List of Figures Chapter 1: Introduction Chapter 2: Review of Literature (if any) OR Conceptual Framework Chapter 3: Profile of the study organization Chapter 4: Analysis and Interpretation of Data OR Findings of the Study Chapter 5: Summary and Conclusion Appendices OR Annexure Bibliography OR References
Sample List of table and Figure Page List of tables may be given as below. Given is just an example
LIST OF TABLES Table No. Title of the Table Page No.
1.1 World Tourist Arrivals 2.1 Foreign Tourist Arrivals in India 3.1 Employment creation in Tourism
Note: In the table numbers given, the first one indicates the Chapter number and the second number following the dot refers to the number of the table in that chapter.
LIST OF FIGURES Figure No. Title of the Figure Page No. 1.1 Year-wise World Tourist arrivals 2.1 Year-wise Foreign Tourist Arrivals in India Note: The fist number in the figure indicates the Chapter number and the second number after the dot refers to the number of the figure in that chapter.
FINANCIAL MANAGEMENT - Paper-II Financial Analysis Blown Up Syllabus Unit- 1: Financial statement Analysis Financial Statements: Meaning, types, nature, objectives, uses and limitations.Financial statement Analysis: Meaning, objectives, need, steps, types and techniques of analysis.(One or two 8 marks theory questions, 8 marks problem on techniques of analysis and few 2 marks questions shall be asked) Unit- 2: Fund flow and Cash flow Analysis Fund Flow: Meaning of fund, fund flow and fund flow statement, Sources and application of funds, Preparation of Fund flow statement: Statement of changes in working capital, Statement showing funds from operation and Fund flow statement (simple problems). Uses and limitations of Fund flow statement. Cash Flow: Meaning of cash, cash flow and cash flow statements. Types of cash flows, Preparation of Cash flow statement as per AS-III only (indirect method). Uses and limitations of Cash Flow Statement. (One 8 marks theory/problem on FFS, one 8 marks theory/problem on CFS and 20 marks problem on FFS/CFS and few 2 marks questions shall be asked) Unit- 3: Ratio Analysis Meaning, objectives, importance and limitations of ratio analysis, Du pont analysis (meaning only).Types of ratios: Liquidity, leverage/Capital structure, profitability ratios related to sales and investments, ROI and Activity ratios. Problems on calculation of ratios and preparation of Financial statements with the help of ratios. (One 8 marks problem/theory, one 20 marks problem, and few 2 marks questions shall be asked) Unit-4: Leverage Analysis Meaning of risk, business risk and financial risk (in brief). Meaning of leverage, types of leverage and computation of operating, financial and combined leverage. Computation of Degree of leverage, EBIT, EPS analysis.(One 8 marks theory/problem, one 20 marks problem and few 2 marks questions shall be asked) Unit-5: Creation of Wealth Corporate financial strategy and Decision making: Corporate financial strategic planning, key elements of strategic planning, Approach to strategy; Economic Value Added (EVA) and Market value added (MVA). EVA - meaning, basic premise, uses and limitations, Computing EVA to measure performance and assess strategy. MVA and Balanced Score card (in brief). (One 8 marks theory/problem and few 2 marks questions shall be asked)
FINANCIAL MANAGEMENT - Paper-II Financial Analysis
MODEL QUESTION PAPER Section – A (2Marks each) Answer any TEN of the following in two or three sentences each Q. No. 1 In this section 12 questions shall be asked covering at least 2questions from each Unit. Simple calculations can also be asked. Section – B (8 Marks each) Answer any Five questions Q. No. 2 to 8 Problems on the following aspects may be asked: Techniques of financial analysis Fund Flow analysis Cash Flow analysis Ratio analysis Types of Leverage Economic Value Added valuation
2 or 3 theory questions from any Unit. Section – C (20 Marks each) Answer any THREE questions Q. No. 9 to 12 3 problems on any of the following aspects may be asked. Fund flow statement Cash flow statement Ratio Analysis EBIT & EPS analysis 3 or 4 Short notes from any Units, preferably covering the aspects on which 8 marks questions are not asked. Books for Reference (along with other books specified in the syllabus): 1. Financial management (Principles and Practice): Dr. S.N.Maheshwari 2. Financial Management and policy: V.K.Bhalla 3. Financial Management: M.Y.Khan and P.K.Jain 4. Fundamentals of Financial Management: Prasanna Chandra 5. Financial Management: Sheeba Kapil 6. Management Accounting: R.S.N.Pillai and Bhagavathi. 7. Financial Management: Dr.P.C.Tulsian
BM355/356 MARKETING MANAGEMENT
PAPER II Advertising and Sales Management Unit I: Advertising: Meaning, definition, Features, Objectives, Importance, Classification of Advertising, Limitations of Advertising, History and Development of Advertising in India, Relationship of Advertising with other Communication Tools— Advertising v/s Personal Selling, Advertising v/s Publicity. Advertising Budget— Meaning, Factors Influencing Advertising Budget Allocation. Methods of Allocating Advertising Budget- 12.
Unit II: Media Planning and Copy Development—Advertising Media: Meaning, Factors influencing Media Selection. Types of Media: Print Media, Electronic Media, Outdoor Media, Transit Media, Direct Mail and Speciality Advertising, Internet Advertising ,Email Advertising ,Interstitials. Advertising Copy: Meaning and Definition ,Types and Elements of Advertisement Copy , Essentials of Advertising Copy, Advertising Layout—Meaning, Principles and Essentials. Advertising Appeals— Meaning and Types—Rational, Emotional and Moral Appeals. Ethical Issues in Advertising—ASCI- 12. UnitIII:Advertising Agency and Measuring Effectives of Advertising: Advertising Agency—Meaning, Types - In-house Agency, General Agency, Industrial Agency, Full Service Agency., Functions Performed by Full-Service Ad-Agency. Specialised Agency-Research Agency, Creative Boutique and Media Buying Agency. Factors Considered in Selection of Advertising Agency. Agency Compensation-Meaning, Methods-Commission System, Fees system and Service charges. Client Turnover— Meaning and reasons for Client Turnover. Measuring Effectiveness of Advertising— Reasons for Testing Advertising Effectiveness. Communication Effect and Sales Effect Research .Pre-testing Post-testing and Concurrent testing —Meaning and Methods (Laboratory measures-Consumer Jury, Portfolio tests, Physiological and Psychological Measures. Measures-Eye camera Tachistocope Recognition Test, Recall Tests) 12. Unit IV: Sales Forecasting and Sales Organisation: Sales Forecasting—Meaning, Objectives and Methods of Sales Forecasting. Sales Organisation: Meaning, Definition, Importance and Functions- 12.
Unit V: Salesmanship: Meaning, Definition and Importance of Salesmanship. Selling Process- Steps in selling process.Kinds of Salesman –Pioneering Salesman, Dealer Servicing Salesman, Merchandising Salesman, Speciality salesman, Counter Salesman, Outdoor salesman Recruitment of salesman: Source Training of Salesman: Meaning, Need, objectives, Methods and contents of a Good Training Programme. Qualities of a successful salesman. Motivation of Salesman: Meaning, Need and Methods of Motivating Salesman. Compensation or Remuneration of Salesman: Objectives of Good Remuneration plan; Essentials of a good Remuneration plan; Methods of Remunerating the Salesman. Supervision and Control of Salesman: Meaning and Need for Control of Salesman. Methods of controlling Salesman. 12. Case Studies in all Units
Books for Reference 1. Advertising Management and Indian Perspective—P K Agarwal 2. Foundations of Advertising Theory and Practice—S A Chunawalla & K C Sethia 3. Advertising and Sales Promotion—S H H Kazmi & Satish K Batra 4. Modern Marketing Principles and Practices—R S N Pillai & Bagavathi 5. Advertising and Sales Promotion Management—An Indian Perspective Text and Cases—S L Gupta & V V Ratna 6. Marketing Management—K D Basava 7. Marketing Management—Philip Kotter & Kavin Lane Keller 8. Salesmanship and Sales Management—P K Sahu & K C Raut. 9. Marketing and Salesmanship – B.S. Raman 10. Marketing Management – Text and cases An Indian Perspective – Dr R.L. Varshney and Dr.S.L. Gupta
Model Question Paper VIth Sem B.B.M. Marketing Management Paper-II Advertising and Salesmanagement
Time:3hrs Maxi marks:120 Section -A 1] Answer any ten questions in 2 or 3 sentences each 2x10=20 a) Define publicity. b) What do you mean by professional advertising? c) Give the meaning of Full service ad-agency. d) What do you mean by creative boutique? e) What is a transit media? f) What is an Endorsement copy? g) What are moral appeals? h) What do you mean by sales forecasting? i) Who is a Counter salesman? j) What are ‘Recall tests’? k) What is a ‘Headline’ in advertising copy? l) What is E-mail advertising?
Section-B Answer any 5 questions. 5x8=40 2] Explain the objective and task method of allocating advertising budget. 3] What do you mean by advertising layout? What are the essentials of a good advertising layout? 4] What do you mean by client turnover? What are the reasons . 5)Explain the different methods of remunerating ad-agency? 6) What are the different techniques of sales fore casting . 7) What is pre-testing? What are the methods of pre-testing? 8) What are the contents of good training program to the salesman?
Section-C Answer the following questions. 20x 3=60 9) Define advertising. What are the different classes of advertising. OR What do you mean by advertising budget? Explain the different methods of allocating advertising budget.
10) What do you mean advertising media? Explain the different kinds of advertising media OR What is an advertising agency? What are the functions performed by full service advertising agency?
11) a) What are the elements of a advertisement copy? Explain. 10
b) Case Study 10 Cosmetics India LTD is company manufacturing several cosmetic products. The present sales turnover of the company is around RS.8500cores a year .It wishes to double its sales in next two years. Marketing manager of the company is given a budget of Rs.85 cores which is 10% of present sales for promoting their products. a) Suggest a suitable advertising media for promoting their products. 5 b) Is it advisable for the manager to invest all amount for advertising? Why? 5
QUESTION BANK
UNIT I 2Marks 1.Define Publicity? 2.What is Propaganda? 3.What is National Advertising? 4.What is global advertising? 5.What do you mean by consumer advertising? 6.What is professional advertising? 7.What is Industrial advertising? 8. What is trade advertising? 9.What is institutional advertising? 10.What is corporate advertising? 11.What is Idea advertising? 12.What is public service advertising? 13.What is service advertising? 14.What is Financial advertising? 15.What is personal advertising? 16.What do you mean by competitive parity method allocating advertising budget method ? 17.What do you mean by arbitrary method of allocating advertising budget? 18.What do you mean ROI method of allocating advertising budget? 8 Marks 1. What are the objectives of Advertising? 2. Difference between Advertising and Personal Selling 3. Difference between Advertising and Publicity 4. What are the Factors influencing the Advertising budget allocation? 5.What are the limitation of advertising? 6. What are the features of Advertising? 7.What is objective and task method of allocating advertising method, What are its merits and demerits? 8.What are the advantages and disadvantages of percentage of sales method of allocating advertising budget?
20 Marks 1. Explain various classes or Classifications of Advertising 2. What are the Advantages and Limitations of Advertising, 3.Describe the services rendered by advertising to various classes of people in the Society? 4. What are the different Methods of allocating Advertising Budget 5.What is the significance of advertising in modern business world ?
Unit II 2 Marks 1.What is Mural advertising? 2.Who are Sand witchmen? 3. What do you mean by Neon signs? 4. What do you mean by transit advertising? 5. What do you mean by Internet advertising? 6. What do you mean by Email advertising? 7. Give the meaning of Interstitials. 8.What do you mean by Superstitials ? 9.What do you mean by Endorsement copy ? 10.What do you mean reason why copy ? 11.What do you mean by Institutional copy? 12.What do you mean by colloquial copy ? 13.What is ASCI ? 14.What are emotional/ rational /moral fear appeals ? 15.What is a Headline ? 16. What is a Sub-Headline ? 17.What is a Slogan ? 18.What is Balance/ Movement /contrast in an advertisement copy? 19.What do you mean by classifieds ?
8 Marks 1.What do you mean by Print media? What are the merits and demerits? 2.What are the factors to be considered while selecting advertising media? 3. Write a note on Electronic media? 4. Write a note on Outdoor Media of advertising? 5. Write a note on Transit Media? 6. Write a note on Speciality advertising? Write a note on ethical issues in advertising? 7. What are the different types of advertisement Copy? 8. What is direct mail advertising? What are its merits and demerits? 9. What is Advertising Appeal? Explain the types of Advertising Appeal 10. What are the essentials of Advertising lay out? 11. Explain the principles of a good advertising lay out 12. What are the ethics in advertising? 13.What are essentials of good advertisement copy? 14. What are the elements or components or various parts of a advertisement copy? 15.What are the essentials of good advertising lay out? 16. What are the principles of good advertising lay out? 20 Marks 1. Explain various types of Advertising Media with their merits and demerits? 2. Explain the different types of Advertisement Copy? What are the essentials of a good Advertising copy? 3. What do you mean by outdoor advertising? What are the different forms of outdoor advertising? What are their merits and demerits? UNIT III 2marks 1.What is a In house agency ? 2.What is full service ad agency ? 3.What is a specialized agency ? 4.What are creative Boutiques ? 5.What do you mean by client turn over ? 6.Who is an accounts executive ? 7.What is a Ala-carta agency ? 8.What is a pre test / post test/ concurrent test? 9.What is meant by communication effect research? 10 .What is meant by sales effect research? 11.What are portfolio tests ? 13.What is eye – camera ? 14.What is recognition test ? 15. What is a recall test ? 16. What is a aided recall test ? 17. What is a un aided recall test ? 18.What is trailer test ? 19.Inquiry test? 20.Meaning of Tachistocope/Galvanometer/perceptoscope /pupilometer 21.What is a penetration test? 22. What is triple association test ? 23. What is Intend to buy Test ? 24.What is a attitude test ?
8 marks 1. What are the different types of advertising agency? 2. Explain various functions of advertising agency 3. What are the various methods of compensating agency personnel 4 What are the reasons for client turnover? 5.What are the factors to be considered while selecting ad agency? 6.What is pre-testing ? what are the advantages ? 7.What are the reasons for measuring effectiveness of advertising ?
20marks
1.Explain the methods of measuring the effectiveness of advertisements. 2.What is a full service ad agency ? what are the functions performed by a full service ad agency
UNIT IV 2mars 1.What is sales forecasting ? 2.Define sales organization. 8 marks 1. Define Sales forecasting and explain various methods of sales forecasting 2. Explain the objectives of sales organisation. 3. What are the functions of sales organisation? 4. What is the Importance of sales organization? 5.What is sales forecasting ? what are the objectives of sales forecasting ?
UNIT V 2marks 1. Who is a pioneering salesman ? 2. Who is a speciality salesman ? 3. Who is a counter salesman ? 4. Who is a missionary salesman ? 5.What are sales quotas ? 6.What is a sales manual ? 7.What is Apprenticeship ? 8.What are sales contest ?
8marks 1.What is the Importance of salesmanship? 2. Explain different Kinds of salesmanship 3. Explain the various methods of Motivating salesman 4. Why there is a need to motivate the salesman ? 5.Why there is a need of controlling the salesman ? 6.Explain the steps in selling process. 7.What are the contents of a good training programme to salesman/? 8.What do you mean by recruitment of salesman ? what are the sources. 9.What is the need of training the salesman? 10.What are the objectives of training the salesman? 11.What are the individual methods of training the salesman ? 12. What are the group methods of training the salesman ? 13.Why there is a need to motivate the salesman ?explain 14.What are the objectives of a good remuneration plan to salesman? 15.What are the essentials of a good remuneration plan to salesman?
20marks 1. Analyse various methods of sales forecasting 2. Explain different methods of Compensating salesman 3. What are the qualities of successful salesman? 4. Explain the term recruitment and its sources 5. What are the different methods of Training salesman 6. What are the different methods of motivating salesman?
VI SEMESTER BBM
BM 355/356: HUMAN RESOURCE MANAGEMENT-ELECTIVE PAPER II: INDUSTRIAL RELATIONS & LABOR LEGISLATIONS Blown Up Syllabus Unit I 12 hrs
Industrial Relations and Trade Unions- Meaning and Definition of Industrial Relations, Characteristics, Objectives, Three Actors of Industrial Relations: Workers & their organisations, Employers & their organisations and Government- Approaches to Industrial Relations: Psychological, Sociological, Human Relations, Gandhian approach- Causes of poor industrial relations, Measures for improving industrial relations or Conditions for congenial industrial relations.
Trade union-Meaning & Definition of trade union, Nature or Characteristics, Objectives, Why workers join trade unions?, Functions of trade unions, Types/Structure of trade unions: Craft Union, Industrial Unions, General Unions and Federations, Historical Evolution of Trade Union or Development of trade unionism in India, Problems and Shortcomings of Trade Unions in India, Measures for strengthening Trade unions, Objectives of Indian Trade Unions like AITUC, INTUC, BMS, UTUC & CITU.
Case Study.
Unit II 12 hrs
Industrial Disputes- Meaning & Definition of Industrial Disputes, Forms of Industrial Disputes: Strikes, Lockouts, Gherao, Picketing- Types of strikes, Causes of Industrial Disputes: Economic Causes, Managerial Causes, Trade Union Causes and Legal or Political Causes- Prevention of Industrial Disputes: Labor Welfare Officer with functions, Model Standing Orders, Code of Industrial Discipline, Grievance Procedure, Collective Bargaining, Works Committees with functions, Joint Management Councils with functions, Suggestion Scheme, Tripartite and Bipartite Bodies: ILC and SLC with Objectives of ILC & SLC- Settlement of Industrial Disputes: Investigation, Mediation, Conciliation, Voluntary Arbitration, Compulsory Arbitration or Adjudication-Differences between Arbitration and Adjudication.
Case Study.
Unit III 12 hrs Collective Bargaining and Workers’ Participation in Management- Meaning & Definition of Collective Bargaining, Characteristics or features or Nature of Collective Bargaining, Objectives, Significance or Importance, Process of Collective bargaining: Preparing for Negotiations, Identifying bargaining issues, Negotiation, Reaching an agreement, Ratification of the agreement and Administration of the agreement- Types of Collective bargaining: Conjunctive or Distributive bargaining, Cooperative bargaining- Productive bargaining and Composite bargaining, Functions of Collective bargaining, Essential conditions or Pre-requisites for the success of Collective Bargaining.
Workers’ Participation in Management-Meaning & Definition, Objectives, Forms of WPM: Works Committee, Joint Management Councils, Joint Councils, Shop Council, Suggestion Scheme, Worker Director, Co-partnership, Quality Circles, Co-determination, Autonomous Work Groups, Unit Councils and Quality of Work Life- Merits and Demerits of WPM, Essential conditions for successful working of WPM.
Quality Circle-Meaning, Objectives, Organizational Structure, Benefits and Limitations of QCs. Quality of Work Life-Meaning, Major issues in QWL, Measures or Techniques for Improving QWL.
Case Study.
Unit IV 12 hrs
Discipline and Grievance- Meaning of Discipline, Objectives of Discipline, Types of Discipline: Positive or Self and Negative or Punitive Discipline- Meaning of Indiscipline, Causes of Indiscipline: Internal Causes and External Causes- Disciplinary procedure, Essential of a good disciplinary system or Principles of Industrial Discipline. Meaning of Red Hot-Stove Rule and its features, Code of Discipline with meaning and its principles.
Employee Grievance- Meaning of Employee Grievance, Causes of grievances: From Management Policy, From Working Conditions, From Personal Maladjustment- Methods of Understanding Employee Grievances: Exit Interview, Opinion Surveys, Gripe Boxes and Open Door Policy- Grievance Procedure or Grievance Redressal System, Pre- requisites or Essential condition or Principles of a sound Grievance Procedure.
Case Study.
Unit V 12 hrs
Employee Welfare & Social Security- Meaning of Employee Welfare, Objectives or Benefits of Employee Welfare, Types of Welfare Services: Intramural & Extra-mural.
Social Security-Meaning of Social Security, Types of Social Security: Social Insurance and Social Assistance. The Workmen’s Compensation Act, 1923, The Employees’ State Insurance Act, 1948, The Employee’s Provident Funds and Miscellaneous Provisions Act, 1952, Maternity Benefit Act, 1961 with coverage and benefits.
Case Study. VI SEMESTER BBM
BM 355/356: HUMAN RESOURCE MANAGEMENT-ELECTIVE II PAPER II : INDUSTRIAL RELATIONS & LABOR LEGISLATIONS
MODEL QUESTION PAPER (REVISED SYLLABUS-2012) SECTION-A Answer any TEN questions: (2X10=20) 1. a) Write any two functions of Joint Management Councils. b) What is Grievance? c) Mention any two objectives of India Labour Conference. d) Define “Industrial Relations”. e) Write any two objectives of Workers’ Participation in Management. f) What is craft union? g) What is punitive suspension? h) What is Code of Discipline? i) Write any two uses of Exit Interview? j) What are the types of Social Security benefits? k) What is Lockouts? l) State any two objectives of AITUC.
SECTION-B Answer any FIVE questions: (8X5=40) 2. What are the essential conditions for sound Industrial Relations? 3. Explain the various types of strikes. 4. Differentiate between Adjudication and Arbitration. 5. What are the principles of a sound grievance procedure? 6. What are the principles of Industrial Discipline? 7. Explain the essential conditions for the success of collective bargaining. 8. Explain the Coverage and benefits provided under the Workmen’s Compensation Act, 1923.
SECTION-C Answer all questions: (20X3=60) 9. What are the problems of Indian Trade Union? Suggest the measures for strengthening Trade union in India. OR Explain the Principles of Industrial Discipline. What are the steps involved in redressal of grievances?
10. Explain the machineries available for the settlement on Industrial disputes. OR Explain the various types of welfare services provided in the organization.
11 a) What are the forms of workers’ participation in management? b) Case Study.
VI SEMESTER BBM BM 355/356: HUMAN RESOURCE MANAGEMENT-ELECTIVE II PAPER II : INDUSTRIAL RELATIONS & LABOR LEGISLATIONS Question Bank Unit I Industrial Relations and Trade Unions Two Marks Questions 1. Definition of Industrial Relations. 2. Define Trade Union. 3. Any two objectives of AITUC 4. What is Craft Union? 5. What is meant by Primary Strike? 6. What do you mean by Intra-mural functions of Trade Unions? Eight Marks Questions 1. Define Industrial Relations. Explain the Role of the Actors of Industrial Relations? 2. What are the measures for improving Industrial Relations or conditions for Congenial Industrial Relations? 3. What are the objectives of Trade unions? 4. Why do workers Join Trade Unions? Twenty Marks Questions 1. What are the Objectives of Industrial Relations? Explain the causes of Poor Industrial Relations. 2. Define Trade Union. What are the Functions of Trade Unions and explain the problems of Trade Unions.
Unit II Industrial Disputes
Two Marks Questions 1. What do you mean by Industrial Dispute? 2. What is Strike? 3. What do you mean by Gherao? 4. Define Lock-out. 5. What do you mean by Voluntary Arbitration? 6. Two objective of I.L.C. Eight Marks Questions 1. What are the different forms of Industrial Disputes? 2. What are the functions of Labour Welfare Officer? 3. Write a note on Model Standing Orders. 4. Write a note on Works Committees with functions. Twenty Marks Questions 1. What are the Causes of Industrial Disputes and What are the preventive measures of Industrial Disputes? 2. What are the methods of Settlement of Industrial Disputes?
Unit III Collective Bargaining and Workers’ Participation in Management Two Marks Questions
1. What are the two stages of Collective Bargaining Process? 2. What is Shop Council? 3. What do you mean by Quality Circle?
Eight Marks Questions 1. What are the essential conditions for the Success of Collective Bargaining? 2. What are the Importance of Collective Bargaining? 3. What are the essential conditions for the successful working of WPM? 4. Write a note on Joint Management Council. Twenty Marks Questions 1. Define Collective Bargaining. What are the Characteristics of Collective Bargaining? Explain the stages of Collective Bargaining? 2. Define Workers Participation in Management. What are the Different Forms of Workers Participation in Management? Unit IV Discipline and Grievance Two Marks Questions 1. Define Dismissal. 2. Define lay-off. 3. What do you mean by Positive Aspect of Discipline? Eight Marks Questions 1. Write a note on Red Hot Stove Rule. 2. What are the causes of Grievances? 3. What are the causes of Indiscipline? 4. What is meant by employee Indiscipline? Discuss the causes of indiscipline. 5. What are the types of Punishments? Twenty Marks Questions 1. What do you mean by Grievance Procedure? Explain the Model Grievance Procedure. 2. What do you mean by employee indiscipline? Discuss the causes of indiscipline.
Unit V Employee Welfare & Social Security Two Marks Questions 1. What are the two benefits of Employees Provident Fund Act? 2. State any two benefits under Maternity Benefits Act. 3. Write any two benefits under E.S.I.Act. Eight Marks Questions 1. What are the benefits provided under E.S.I Act? 2. Sate the Welfare measures provided under Factories Act 1948. 3. Write a note on Workmen’s Compensation Act. BM 355/356 : TAXATION - ELECTIVE
PAPER – II: TAXATION-II (BT-II) Objective: To acquaint the students with the provisions of Wealth Tax and with various Indirect Tax Laws such as Service Tax, Sales Tax and Central Excise & Customs Duties.
UNIT I 12 hrs
Wealth Tax: Meaning and definitions, Assets, Deemed Assets, Exempted Assets, Debts Owed, Valuation of Assets- Valuation of immovable Property, Valuation of Assets of Business, Valuation of Interest in Firm, Rate of Wealth Tax, Incidence of Wealth Tax; Problems on Computation of Net Wealth and Wealth Tax.
UNIT II 12 hrs
Service Tax: Meaning and definition, Essentials for its Levy, Computation of Value of Services and Service Tax, Exemptions from Service Tax, Discussion on 10 Taxable Services - 1. Advertisement Agency 2. Business Auxiliary Services 3.Cable TV Operators 4. Practicing Chartered Accountants, Company Secretaries, Cost Accountants’ Services 5.Courier Services 6.Commercial Coaching and Training 7.Mandap Keepers 8. Outdoor Catering 9. Management, Maintenance & Repair Services 10. Tour Operators’ Services; Problems on computation of Taxable Service and Service Tax on these 10 services.
UNIT III 12 hrs
Indirect Taxes: Meaning, distinction between direct and indirect taxes. Karnataka Value Added Tax Act 2003: Introduction, Definitions, Registration, Incidence and Levy of KVAT, Input Tax, Output Tax and Net Tax, Schedules and Rates thereof, Maintenance of Accounts and Documents; Problems on Computation of Turnover and KVAT.
UNIT IV 12 hrs
Central Sales Act 1956: Meaning, Constitutional Provision, Definitions, Principles Determining the nature of Sale, Registration of Dealers, Rate of CST, Forms to be availed; Problems on Computation of Turnover and CST. Central Excise Duty: Nature and meaning, kinds of duties, Acts, Basis for the Levy and Levy & Collection of CED, Exemptions from CED, Conditions for the levy of CED, Assessable Value, CENVAT; Problems on computation of AV and CED.
UNIT V 12hrs
Customs Duty: Acts, Definitions, Types of Customs Duties, Prohibition of Importation and Exportation of Goods, Exemption from Customs, Valuation for Customs Goods, Rate of Exchange, Inclusions in and Exclusions from Customs/Assessable Value; Problems on Computation of Assessable Value and Customs Duty. Total Hours: 60 Books for Reference: 1. Direct Taxes by HC Mehrothra 2. Direct Taxes by Dr. Vinod Singhania 3. Business Taxation 3&4 by K Sadashiva Rao & Ganesh Y 4. Indirect Taxes by Datey VS
TAXATION – ELECTIVE PAPER TAXATION-II
BLOWN UP SYLLABUS Objective: To acquaint the students with the provisions of Wealth Tax and with various Indirect Tax Laws such as Service Tax, Sales Tax and Central Excise & Customs Duties.
UNIT I 12 hrs
Wealth Tax: 1. Wealth- Meaning and definitions (2 Mark Question) 2. Individual, HUF and Company-meaning (2 Mark Question) 3. Valuation Date, net Wealth and Assessee and Assessment year- meaning (2 Mark Questions) 4. Assets-Meaning types- a. Building- meaning (2 Mark/8 Marks Question) b. Motor Car- meaning (2 Mark Question) c. Jewellery-meaning (2 Mark Question) d. Yachts, Boats and Aircraft-meaning (2 Mark Question) e. Urban Land-meaning (2 Mark/8 Marks Question) f. Cash in hand-(2 Mark Question) 5. Scope of liability to wealth tax or Incidence of Tax-(2 Mark/8 Marks Question) 6. Deemed Assets: (2 Mark/8 Marks Question) a. Asset transferred to spouse (2 Mark Question) b. Asset held by minor child (2 Mark Question) c. Asset transferred to a Person or AOP (2 Mark Question) d. Revocable transfer of Asset (2 Mark Question) e. Asset Transferred to son’s wife (2 Mark Question) f. Asset Transferred to a person or AOP for the benefit of son’s wife (2 Mark Question) g. Interest in Firm or AOP (2 Mark Question) h. Converted Property (2 Mark Question) i. Transfer by means of Book Entry (2 Mark Question) j. Impartible Estate (2 Mark Question) k. House from a co-operative Society etc (2 Mark Question) l. Building in part performance of a contract (2 Mark Question) m. Building on lease (2 Mark Question) 7. Exempted Assets: (2 Mark/8 Marks Question)- a. Property held under Trust (2 Mark Question) b. Interest in Co-parcenery property (2 Mark Question) c. one Building in the occupation of a Ruler (2 Mark Question) d. Jewellery in possession of a Ruler (2 Mark Question) e. Assets of Indian Repatriate (2 Mark/8 Marks Question/ 8 marks Problem) 8. Debts Owed- meaning (2 Mark Question) 9. Valuation of Assets-Valuation by Valuation Officer (2 Mark Question) 10. Valuation of immovable Property: a. Building (2 Mark/8 Marks Question/ 8 marks Problem) b. Valuation of self-residential House (2 Mark/8 Marks Question/ 8 marks Problem) 11. Valuation of Assets of Business (2 Mark/8 Marks Question/ 8 marks Problem) 12. Valuation of Interest in Firm (2 Mark/8 Marks Question/ 8 marks/20 marks Problem) 13. Valuation of Jewellery (2 Mark Question) 14. Valuation of other Assets (2 Mark Question) 15. Computation of Net Wealth and Wealth Tax (2 Mark/8 Marks Question/ 8 marks/20 marks Problem) 16. Rate of Wealth Tax. 17. Problems on Computation of Net Wealth and Wealth Tax (20 marks Problem)
Question from this Unit Three 2 marks questions One 8 marks problem on valuation of Assets or Interest in partnership Firm or exempted assets of Indian repatriate One 8 marks theory question if required. One/Two 20 marks problem on Computation of Net Wealth and Wealth Tax and or Interest in partnership Firm
UNIT II 12 hrs
Service Tax: 1. Meaning and definition (2 Mark Question) 2. Broad scheme of new Taxation (2 Mark Question) 3. Meaning of the term ’Service’ (2 Mark Question) 4. Taxable territory (2 Mark Question). 5. Declared Service (2 Mark Question) 6. Essentials for its Levy (2 Mark Question) 7. Computation of Value of Services and Service Tax, abatement (2 Mark/8 marks Question), 8. Exemptions from Service Tax-General Exemptions to small service providers (2 Mark/8 Marks Question) 9. Point of taxation (2 Mark Question) 10. Discussion on 10 Taxable Services – a. Advertisement Agency (2 Mark/8 Marks Question/8 marks Problem) b. Business Auxiliary Services (2 Mark/8 Marks Question/8 marks Problem) b. Cable TV Operators (2 Mark/8 Marks Question/ 8 marks Problem) c. Practicing Chartered Accountants Company Secretaries, Cost Accountants’ Services (2 Mark/8 Marks Question/ 8 marks Problem) d. Courier Services (2 Mark/8 Marks Question/ 8 marks Problem) e. Commercial Coaching and Training (2 Mark/8 Marks Question/ 8 marks Problem) f. Mandap Keepers (2 Mark/8 Marks Question/ 8 marks Problem) g. Outdoor Catering (2 Mark/8 Marks Question/ 8 marks Problem) h. Management, Maintenance & Repair Services (2 Mark/8 Marks Question/ 8 marks Problem) i. Tour Operators’ Services (2 Mark/8 Marks Question/ 8 marks Problem) 11. Problems on computation of Taxable Service and Service Tax on these 10 services (8 marks Problem).
Question from this Unit Two 2 marks question One 8 marks problem One 8 marks theory question if required.
UNIT III 12 hrs
Indirect Taxes: 1. Meaning (2 Mark Question) 2. Distinction between direct and indirect taxes (2 Mark/8 Marks Question). 3. Karnataka Value Added Tax Act 2003: a. Introduction b. Definitions- Branded, Business, Goods, capital goods (2 Mark Question), dealer (2 Mark/8 marks Question), agriculture, agriculturist, works contract, year, casual trader, place of business (2 Mark Question), sale (2 Mark/8 marks Question), turnover, total turnover, taxable turnover (2 Mark/8 marks Question), c. Registration (2 Mark/8 Marks Question) d. Incidence and Levy of KVAT (2 Mark/8 Marks Question) e. Input Tax, Output Tax and Net Tax (2 Mark Question) f. Schedules and Rates thereof (2 Mark Question) g. Maintenance of Accounts and Documents (2 Mark/8 Marks Question) 4. Problems on Computation of Turnover and KVAT (20 marks Problem).
Question from this Unit Two 2 marks question One 8 marks theory question if required One 20 marks problem
UNIT IV 12 hrs
Central Sales Act 1956: 1. Meaning 2. Constitutional Provision (2 Mark Question) 1. Definitions- appropriate state (2 Mark Question), dealer, (2 Mark/8 marks Question), registered dealer (2 Mark Question), sale-(2 Mark/8 marks Question), business, place of business, goods, declared goods (2 Mark Question) Turnover (2 Mark/8 marks Question), 2. Principles Determining the nature of Sale (2 Mark/8 Marks Question), 3. Registration of Dealers (2 Mark/8 Marks Question) 4. Rate of CST (2 Mark Question) 5. , Forms to be availed C, F, H, EI & EII (2 Mark/8 marks Question) 6. Exemptions from CST. (2 Mark/8 Marks Question) 7. Declared goods (2 Mark/8 marks Question), 8. CST and VAT distinguished (2 Mark/8 marks Question) 9. Problems on Computation of Turnover and CST (20 marks problem)
Question from this Topic One/two 2 marks questions One 8 marks theory question if required. One 20 marks problem
Central Excise Duty: 10. Nature and meaning (2 Mark Question) 11. Acts- (2 Mark Question) 12. Basis for the Levy and Levy & Collection of CED (2 Mark/8 Marks Question) 13. Exemptions from CED (2 Mark/8 Marks Question) 14. kinds of excise duties (2 Mark/8 Marks Question) 15. Conditions for the levy of CED (2 Mark/8 Marks Question) 16. classification of goods (2 Mark Question) 17. Assessable Value meaning and computation (2 Mark/8 Marks Question) 18. Central Excise Valuation Rules, 2000 (2 Mark Question) 19. Inclusions in and exclusions from Transaction Value (2 Mark Question) 20. CENVAT and CENVAT Credit and computation (2 Mark/8 Marks Question/8 marks Problem) 21. Problems on computation of AV and CED (2 Mark/8 Marks Question/ 8 marks Problem)
Question from this Topic One/two 2 marks questions One 8 marks theory question if required. One 8 marks problem
Question from this Unit Three 2 marks question One 8 marks theory question if required. One 8 marks problem One 20 marks problem
UNIT V 12hrs
Customs Duty: 1. Act (2 Mark Question) 2. Definitions-import, importer, export, exporter, person-in-charge, Bill of Entry, Bill of export, shipping Bill, Import Manifest and Import report, Export manifest and Export Report, Goods, export goods, imported goods, dutiable goods, coastal goods, prohibited goods, smuggling, stores, India, Indian Customs Water, Vehicle, foreign going vessel or aircraft, customs station, customs area (2 Mark Question) 3. Types and rates of Customs Duties (2 Mark/8 Marks Question) 4. Prohibition of Importation and Exportation of Goods (2 Mark/8 Marks Question) 5. Levy of Customs duties (2 Mark Question) 6. Date for determination of rate of duty and tariff valuation of imported goods 7. Exemption from Customs (2 Mark/8 Marks Question) 8. Valuation for Customs Goods (2 Mark/8 Marks Question) 9. Rate of Exchange for valuation of goods (2 Mark/8 Marks Question) 10. Inclusions in and Exclusions from Customs/Assessable Value (2 Mark/8 Marks Question) 11. Important pricing terms in international trade (2 Mark Question) 12. Problems on Computation of Assessable Value and Customs Duty (8 marks Problem).
Question from this Unit Two 2 marks question One 8 marks theory question if required. One 8 marks problem . Total Hours: 60
Questions from the entire Syllabus Two 2 marks questions each from II, III and V units Three 2 marks questions from Unit I and IV One 8 marks problem each on Service Tax, Excise Duty and Customs Duty One 8 marks problem on KVAT or CST (on identification/Stating the taxability position of the goods/transactions with reason) One 8 marks theory question each from II IV (Excise Duty) and V unit One 20 marks problem from Unit I- Computation of Net Wealth and Wealth Tax One 20 marks problem on Computation of Turnover and KVAT Liability One 20 marks problem on Computation of Turnover and CST Liability One 10 marks problem from Unit I on Computation of Interest in Partnership Firm or Valuation of Building or Exempted wealth in the hands of Indian Repatriate and another 10 marks problem on Customs Duty/ Excise Duty.
Books for Reference: 5. Direct Taxes by HC Mehrothra 6. Direct Taxes by Dr. Vinod Singhania 7. Business Taxation 3&4 by K Sadashiva Rao & Ganesh Y 8. Indirect Taxes by Datey VS
Blown up Syllabus prepared by: KRISHNA BHAT, Associate Professor in Commerce, Govt. First Grade College, KARKALA-574104. UDUPI DIST 9901658123 And Smt. REVATHI Head of department of Commerce and Management, Shree Devi College, Mangaluru 0824-2212317
Taxation II MODEL QUESTION PAPER
Section A Answer any TEN of the following in one or two sentences each: 1. a. What is Valuation Date? b. Residential house owned by a company is allotted to a part-time director whose salary is 1,00,000 p.a. State whether it is taxable in the hands of company c. State the wealth tax rules for taxability if Motor Cars? d. Mr. A is engaged in the business of growing and selling tea. Is he a dealer under KVAT Act? e. Mr. A is a professor in a college and has no other business. He buys a car from Goa for own use. He wishes to sell the same for Rs.2 lakh. KVAT is 4% on first sale. Compute the turnover and the tax under KVAT Act. f. Mr. A of Bangalore went to a hotel in Mumbai and had his breakfast there. State whether the transaction is inter-state sale. g. Define goods under the provisions of the C.S.T. Act. h. Who is liable to pay Excise Duty? i. Give the meaning of the term ‘Customs Station’ as per Customs Act. j. what is the basis for imposing Customs Duty? k. Define the term taxable service. l. what is the rate of exemption provided to a tour operator in case of package tour under Service Tax Act? Section B (Five Marks each) Answer any FIVE of the following 2. Mr. Amit Gupta is a practicing Chartered Accountant within the meaning of Chartered Accountant Act, 1949. His receipts from various professional services for the quarter ending 30th September, 2013 are as under:
1. Taxation Consultancy Fees 4,26,250 2. Remuneration for Account Services 1,12,960 3. Statutory Audit Fees 2,65,700 4. Certification Fees 1,45,600 5. Remuneration as Internal Auditor job performed in a public limited company 1,58,300 6. Fees for appearing in appeals 1,47,400 7. Mr. Gupta also teaches at a Coaching Centre as visiting faculty 1,43,200 Mr. Gupta also got re-imbursed out of pocket expenses on actual basis from his clients 85,900.He has also incurred total expenditure of 3,15,000 as establishment expenses of his office during the perid. Calculate the value of Taxable Service and also the Service Tax payable thereupon. Mr. Gupta charges service tax separately in the bills raised hence the above receipts are not inclusive of service tax. 3. A company imported a machine from Europe. From the following information determine the Assessable Value for Customs Duty. Cost of machine but it does not include the following; 25,000 Euro 1. The importer sent the goods to the exporter for the machine. It was used in manufacturing the machine. 1,00,000. 2. Design and development expenses incurred outside India 5,000 Euro. 3. Technical fees paid to the exporter after import of machine 4,000 Euro. 4. Installation charges of machine in factory 50,000. 5. Packing charges 500 Euro 6. Transportation charges 1,000 Euro. 7. Insurance premium paid in India 500 Euro. 8. Transportation and Insurance charges from port to factory 10,000. 9. Exchange rate declared by the Board Rs. 70 per Euro. 10. Exchange rate declared by the R.B.I. Rs.71 per Euro.
4. A company manufactured and sold 1,000 cars during the financial year 2014-15. The price of the car is 2,00,000 each and excise duty and sales tax are charged separately. From the following information determine the Central Excise Duty payable: 1. The company purchased input 8,00,00,000. It includes basic excise duty 1,00,00,000. 2. The company purchased capital goods during the financial year 10,00,00,000. It includes basic excise duty 1,20,00,000. 3. On car basic excise duty is charged @ 12% and + 3% Education Cess thereupon.
5. State the taxability position of the following goods with reason: 1. Sale of coffee powder of 2,50,000 2. Sale of tamarind, chillies and wet dates for 4,00,000 3. Sale of rice, soji, ghur, dal, grains, onion, potato, garlic, beaten rice, wheat flour and wheat and rice for 12,00,000 4. Cans, boxes and tanks used as packing material sold 8,00,000 5. Best Bakery sold 15,00,000 worth of the bakery products 6. What are the different types of Customs Duties? 7. Explain in brief the General Exemptions available to small service providers. 8. Write a short note on Assessable Value meaning and computation for Central Excise Duties. Section C(Fifteen Marks each) Answer any THREE of the following; 9. X Ltd. is a company carrying on business in the construction and sale of residential flats. It furnishes the following data and requests you to compile wealth tax return and determine the tax payable for the Assessment Year 2014- 15:
Market value ( ) 1. Land in Rural area 15,00,000 2. Land in urban area (construction not permitted as per municipal laws) 23,00,000 3. Land in Urban area (held as stock-in trade since 2010, construction will be Commenced during June, 2014) 49,50,000 4. Motor cars (not being held as stock-in trade) 11,30,000 5. Jewellery (not being held as stock-in-trade) 18,00,000 6. Aircraft 1,58,00,000 7. Bank balance 3,10,000 8. Cash in hand as per cash book 1,70,000 9. Guest house and land appurtenant 8,00,000 10. Residential Flats of identical size provided to 6 employees for their use (salary of one of them exceeds Rs. 10,00,000) 15,00,000 11. Residence provided to Managing Director (salary exceeds Rs. 5,00,000) 10,00,000 12. Flats constructed and remaining unsold (not being held as stock-in-trade) 30,00,000 13. Residence provided to a whole time director (Salary Rs.15,00,000 the director own 25% equity shares) 17,00,000 The company has taken a loan of Rs. 6,00,000, Rs.7,00,000 and Rs.50,000 for acquiring property numbers(1),(3) and (12) respectively. Find out the wealth tax liability of the company for the A.Y.2014-15
10. M/s Premshankar Traders of Baikunthpur (Chhattisgarh) has supplied the following statement of sales for the year ending 31st march, 2014 i. Waste newspaper sold in Baikunthpur 50,000 ii. Cloth (Tax-free in Chattisgarh) sold in Bilaspur 92,500 iii. Sale of wheat (Declared goods) 16,32,000 Out of which Rs.14,28,000 sold in Chattisgarh and rest in Ranchi( Jarkand) against Form ‘C’ State tax rate on wheat is 2% iv. Sales to Government of Uttar Pradesh (Rate of tax in the State is 5 %) 5,25,000 v. Sale to a registered dealer of Jaipur (Rajasthan) for resale on Form’C’ of such goods which are given his registration certificate ( Gross tax rate is 8% in the state) 3,06,000 vi. Sale of Declared goods to unregistered dealer of Gondia (Maharashtra) 8,40,000 (The rate of tax on such goods is 5% in the state and the customer returned goods worth Rs.42,000 within six months) vii. Sale to a registered dealer of Angul (Orissa) of such undeclared goods which have not been given in his registration certificate ( Tax on such goods in the state is 8%) 2,43,000 viii. Sale of goods to Karachi (Pakistan) (Rate of tax in the state is 5%) 8,00,000 ix. Subsequent sale during inter-state trade (gross rate of tax in state is 13% 8,00,000 x. Export to Japan 1,60,000 Determine the Gross turnover, taxable turnover and tax payable under Central Sales Tax Act. Tax include in the selling price.
11. From the following details provided by a dealer at Bangalore, calculate Total Turnover, Taxable Turnover, Tax credit and KVAT liability, assuming that all legal requirements have been complied with:
1. Sale of US Rods (III Schedule, Tax invoice Rs. 7,00,000) 8,00,000 2. Sale of banana chips 30,00,000 (50% inter –State sale, Tax price, Rs.22,00,000) 3. Sale of vegetables 3,00,000 4. Purchase of fireworks(inter-State, CST paid Rs.50,000) 10,00,000 5. Sale of fireworks 12,00,000 6. Purchases of raw rubber from (from non-corporate planters) 14,00,000 7. Sale of raw rubber from the above purchases 15,00,000 8. Purchase of firewood from registered dealers 3,00,000 9. Purchase of firewood from unregistered dealers 6,00,000 10. Sale of firewood 8,00,000 11. Purchase of spices 4,00,000 12. Sale of spices 4,50,000 13. Purchase of declared goods from a registered dealer at Bangalore 20,00,000 14. Sale of above declared goods 15,00,000 15. Sales returns of fireworks: within 6 months 50,000 After 6 months 80,000 16. Purchase returns of raw rubber: within 6 months 50,000 After 6 months 60,000 17. Sales return of raw rubber: within 6 months 60,000 18. CST collected 33,000 Rates of tax: As specified in rate schedule
12. a. . A Manufacturer prepared an invoice as under:
1. Price of goods (Excluding excise duty) 5,00,000 2. Advertising charges 50,000 3. Publicity charges 25,000 4. Marketing and selling organization charges 20,000 5. Outward handling charges 5,000 6. Servicing charges 50,000 7. Outward freight and insurance 30,000 8. VAT 50,000 9. Allowed discount @10% on price of the goods. If the rate of Central Excise Duty is 12% + 3% Education Cess thereupon, how much amount he should charge from the customer as duty? b. From the following informations compute the net wealth and tax liability of the firm: 1. The partners share profit and loss in the ratio of 2:1:1. 2. The surplus on dissolution will be divided equally. 3. The Balance Sheet of the firm is as under: Capital: A 10,00,000 Land in rural area 2,00,000 B 5,00,000 Land in urban area C 5,00,000 (1,800 sq. meter) 8,00,000 Loans for purchasing: Motor cars (W.D.V.) 3,50,000 Gold 3,00,000 Gold 10,00,000 Rural land 1,00,000 Debtors 1,50,000 Creditors 1,00,000 Stock-in-trade 1,00,000 Loan for working capital 1,50,000 Cash/Bank balance 50,000 26,50,000 26,50,000 4. The value of certain assets as per provisions of the III schedule is as under:
Land in rural area 3,00,000 Land in urban area 15,00,000 Motor cars 4,20,000 Gold 16,50,000
TAXATION – ELECTIVE PAPER TAXATION-II QUESTION BANK
(2 marks questions) 1. What do you mean by central excise duty? 2. What do you mean by central value added tax? 3. What are the basic conditions to levy excise duty? 4. What do you mean by levy of excise duty? 5. Who is liable to pay excise duty and state the exceptions? 6. What do you mean by clean energy cess? 7. Define Goods. 8. What do you mean by excisable and non excisable goods? 9. What do you mean by non-duty paid goods? 10. What do you mean by Factory? 11. What do you mean by curing or processing? 12. What do you mean by Advalorem Duty? 13. What do you mean by Sale and Purchase? 14. Define manufacturer as per central excise duty? 15. What do you mean by Harmonized system of Nomenclature (HSN)? 16. Give the meaning of Trade Parlance Test. 17. Give the meaning of Assessable value. 18. State the rate of interest payable on delayed payment of duty. 19. What do you mean by specific custom duty? 20. Who is adjudicating authority? 21. Give the meaning of coastal goods. 22. Give the meaning of customs area. 23. What do you mean by dutiable goods? 24. Give the meaning of foreign going vessel or aircraft. 25. Give the meaning of goods under Customs Act. 26. Define Shipping Bill. 27. What do you mean by prohibited goods? 28. What do you mean by import manifest? 29. Explain Excise Control Code (ECC) to assessee. 30. What do you mean by Bill of Entry? 31. What do you mean by Letter of Credit under customs? 32. Give the meaning of Transaction Value. 33. Give the meaning of Shipping Bill. 34. What do you mean by Bill of Lading? 35. Who is a dealer under KVAT? 36. Write a note on schedules under KVAT. 37. Give the meaning of Direct Tax and Indirect Tax with two examples each. 38. Explain input tax, output tax and net tax under KVAT Act. 39. Who is a casual dealer under KVAT Act? 40. What is objective of levying Anti-Dumping duty? 41. What do you mean by subsequent sale under CST Act? 42. Define the term dealer under CST Act. 43. What do you mean by Branded goods for KVAT? 44. What do you mean by appropriate state? 45. What is declared goods? 46. What is the importance of Form ‘C’ interstate sale? 47. What do you mean by Suo-Motu Registration? 48. State any four kinds of sale which are exempt from CST. 49. Give the meaning of net wealth under wealth tax Act. 50. State any four taxable services. 51. Can a new assessee avail general exemptions given to small services providers? 52. Urban land held as stock in trade since Jan 2006 whether it is an asset under Wealth Tax Act. 53. What do you mean by Deemed Asset for Wealth Tax purpose? 54. What is unearned increase in the value of land? 55. Define service tax. 56. Who are the persons liable to pay wealth tax? 57. Indicate whether the following residential house taxable under wealth tax. Residential house owned by the company allotted to one of its officer whose salary is (a) Rs.41,666 p.m. and (b) Rs.41,677 p.m.. 58. State the asses which are exempt from wealth tax in the hands of Indian repatriate. 59. Write a note on net wealth and valuation date. 60. What do you mean by outdoor catering? 61. What do you mean by turnover under CST Act? 62. What is the importance of Form ‘H’ in Central Sales Tax? 63. State the interest on delayed payment of service tax. 64. Who can avail input tax credit? 65. Can input tax credit be carried forward? 66. What do you mean by voluntary registration under KVAT? 67. Who is liable to register under KVAT? 68. Explain the meaning of Sale-in-Transit. 69. How do you levy excise duty based on MRP? 70. Who is a Mantap keeper? 71. Write a note on tour operators. 72. Write a note on general exemption to small service providers. 73. Write a note on practicing C.A services. 74. What do you mean by F.O.B. price and landed price? 75. State the four methods of valuation for exports. 76. When a sale said to be outside on state? 77. Define turnover. 78. Who is called as Indian Repatriate? 79. What do you mean by customs area? 80. Explain the following terms for the purpose of wealth tax a) valuation date b) net wealth. 81. Define Asset under wealth tax. 82. Define wealth tax. 83. Who is an individual, HUF and company for wealth tax purpose. 84. Who is called as assesses for wealth tax? 85. State the valuation date for wealth tax. 86. Give the meaning of building for wealth tax. 87. What do you mean by urban land under wealth tax Act? 88. Who are the persons liable to pay wealth tax? 89. Who is exempted from wealth tax? 90. What do you mean by deemed assets? 91. What do you mean by debts owed? 92. What do you mean by gross maintainable rent? 93. Write a short note on maintenance of accounts and documents under KVAT. 94. State the goods except from central excise Act. 95. What do you mean by revocable transfer? 96. Explain the meaning of taxable territory under service tax. 97. What do you mean by asset under wealth tax? 98. State the rate of wealth tax and maximum amount exempt from wealth tax.
(8 marks questions)
1. Write a note on inclusions and exclusions in Assessable value under valuation rules. 2. Discuss the high lights of CENVAT scheme. 3. Distinguish between SST and CST. 4. Explain the procedure for registration of a dealer u/s 7 of CST Act. 5. Explain briefly advantages and disadvantages of service tax. 6. Define and explain taxable service. State the essentials for the levy of service tax. 7. What is custom duty? Mention special types of import duties. 8. What are the exclusions and inclusions while valuing taxable services? 9. Explain the assets exempt from wealth tax. 10. What do you mean by deemed assets. Mention various deemed assets in the wealth tax. 11. Explain the difference between Excise duty and customs duty and Central Sales Tax. 12. Explain different types of central excise duty. 13. Explain the importance and drawbacks of customs duty. 14. Explain different types of customs duty. 15. How would you determine the assessable value of goods for computation of customs duty? 16. Explain the different methods of determination of price of imported goods under the customs valuation. 17. How do you value immovable property and interest in the firm for wealth tax purpose? 18. Write a note on net maintainable rent. 19. Write a note on provisions of wealth tax Act regarding assets held by minor child and assets of Indian repatriates.
Question Bank prepared by: Smt. Revathi Head of the Department of Commerce and Management, Shree Devi College, Mangaluru. 0824-2212317
& KRISHNA BHAT, Associate Professor in Commerce, Govt. First Grade College, KARKALA-574104. UDUPI DIST 9901658123
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BM 355/356- BANKING AND INSURANCE MANAGEMENT – ELECTIVE Paper II- INSURANCE AND RISK MANAGEMENT BLOWNUP SYLLABUS
Unit I 12 hrs Introduction to Risk management-Overview of Risk- Concept of Risk- Risk Vs Uncertainty- Definition of Risk. Loss- Perils. Hazards- Physical Hazards- Intangible Hazards (moral hazards-fraud, moral hazards indifferences, societal hazards) Types of Risk- Financial and Non financial risks, Individual and group risks, pure and speculative risk, static and dynamic risks, quantifiable and non quantifiable risks, credit risks, interest rate risk, price risk. Risk management, Definition, meaning, Risk management Process- Risk Identification, Risk Analysis, Selection of Techniques- Risk Control, Risk Financing, Periodic Review.
Unit II 12 hrs Introduction to Market Risk and Interest Risk- Meaning of duration & rate risk- Derivations – Meaning and features, types of derivatives- forwards, futures, options, swaps etc., Forwards- Meaning, futures, advantages disadvantages, valuation. Futures- meaning, trade mechanism, features, Futures and Forwards differences- uses of futures, types of futures- stock futures, index futures, commodity futures, interest rate futures and currency futures. Settlement of futures. Arbitrage opportunities in futures. Margins- margin account, initial margin, marking to mark, mark to market margin, maintenance margin, margin call, variation margin. Swaps- meaning, features, types- interest rate swaps, mechanics of interest rate swaps- volatility of interest rate swaps- currency swaps- valuation of currency swaps, commodity swaps, equity swaps. Options- meaning, features, types of options- call, put European, American, double, in the money, out of money, at the money stock, index, and intrest rate option. Settlement of options.
Unit III 12 hrs Introduction to Insurance - Meaning and scope of Insurance, Principles of Insurance, Essentials of Insurance Contract. Types of Insurance - Life Insurance, General Insurance- Fire, Marine, Miscellaneous- Aviation insurance, project insurance, Engineering insurance, liability insurance, burglary insurance, personal accident insurance, fidelity guarantee insurance, business insurance, live stock insurance and others. Functions of Insurance Company departments. Structure of Insurance Industry, Major players of Insurance Industry- Life insurers and non life insurers under public sector and private sector - economies of Insurance business/value chain analysis, Regulation of Insurance and IRDA- duties, powers and functions.
Unit IV 12 hrs Insurance Products and Pricing - Terminology and basic concepts, life insurance, Fire polices, marine polices, design and development of life and non-life Insurance products. Stages of new product development. Underwriting- definition, the trade off, Twin guiding principles, basis of underwriting- Objectives and principles behind underwriting- underwriting life and non-life insurance business- introduction to pricing- Pricing and Rating procedure- Pricing objectives- types of rating Class and merit.
Unit V 12 hrs Claims Management - Introduction to claims management- claim settlement in General Insurance- General Guidelines for settlement of claims in case of Fire Insurance, Marine Insurance, Personal Accident Insurance etc.- Claims management in Life Insurance- Maturity claims – (documents required and settlement)- death claims- implementation and monitoring of claim systems. Total Hours- 60
Books for Reference: 1. Fundamentals of Insurance - Dr. P K Gupta 2. Insurance Management - Anand Ganguly 3. Insurance and Risk Management - Dr. P K Gupta 4. Risk Management and Insurance - William, Smith and Young 5. Principles of Risk Management and Insurance - George E Rejda 6. Options and Futures - Vohra and Barge 7. Options and Futures - Hull. 8. Risk and Insurance - Skipper 9. Insurance Principles and Practice - M N Mishra and S B Mishra 10. Banking and Insurance- Principles and Practices - Neelam C Gulati
BM 355/356- BANKING AND INSURANCE MANAGEMENT – ELECTIVE Paper II- INSURANCE AND RISK MANAGEMENT Question bank Unit I Section A (2 marks) 1. Give the meaning of uncertainty. 2. Distinguish between risk and uncertainty. 3. Give an example for risk financing. Section B (8 marks) 1. Explain different types of risks. 2. Explain various sources of pure risk 3. Explain various sources of risk.
Section C (20 marks) 1. Define risk. Explain the types of risks. 2. What do you mean by Risk management? Explain the process of risk management.
Unit II Section A (2 marks) 1. Give the meaning of interest rate swap. 2. What is a future contract? 3. What is an equity swap? 4. What is forward contract? 5. What is the nature of American option?
Section B (8 marks) 1. Distinguish between forward contracts and future contracts. 2. What are options contracts? Explain the factors determining option price. 3. What are swaps? What are its features? 4. What do you mean by derivatives? What are their uses?
Section C (20 marks) 1. What are option contracts? Explain the factors determining option price. 2. What are futures contracts? Explain different methods of settlements of future contracts. 3. Explain the mechanics of interest rate swap with an illustration. What are the uses of interest rate swaps? 4. Explain different types of swaps.
Unit III Section A (2 marks) 1. What is double insurance? 2. What is credit insurance? 3. What is Reinsurance? 4. State any four powers of IRDA.
Section B (8 marks) 1. Explain the functions insurance company departments. 2. Write a note on objectives, duties and powers of IRDA. 3. Briefly explain the essentials of insurance contract.
Section C (20 marks) 1. Discuss the meaning and scope and principles of insurance. 2. Define insurance. Explain the principles of insurance with illustrations.
Unit IV Section A (2 marks) 1. What do you mean by initial margin? 2. What is strike price? 3. State any four life insurance products of LIC. 4. What is Fair premium? 5. Give the meaning of “retrospective rating” in connection with insurance pricing.
Section B (8 marks) 1. Explain the different types of rating in insurance. 2. Explain the four determinants of insurance pricing. 3. What do you mean by margin money? What are the different types of margins? 4. Explain the objectives and principles of underwriting in insurance. 5. Explain the advantages of life insurance.
Section C (20 marks) 1. Define underwriting in insurance. What are the twin guiding principles of underwriting? Discuss underwriting in life and non-life insurance. 2. What is insurance pricing? What are its objectives? Explain different types of insurance rating?
Unit V Section A (2 marks) 1. Give the meaning of voyage policy. 2. Give the meaning of proximate cause in Insurance. 3. What are maturity claims and death claims in life insurance?
Section B (8 marks) 1. Write a note on fire insurance claims. 2. Define marine policy. Explain different types of marine policies 3. Write a note on fire insurance claims.
Section C (20 marks) 1. Give a detailed account of claims management in life insurance. 2. Give the meaning and features of life insurance, fire insurance and marine insurance. 3. Explain the general guidelines for settlement of claims.
BM 355/356- BANKING AND INSURANCE MANAGEMENT – ELECTIVE Paper II- INSURANCE AND RISK MANAGEMENT MODEL QUESTION PAPER
Time: 3 Hours Max. Marks: 120 Section (A) Answer any ten of the following questions (Two marks each) (2x10=20) 1. (a) Give the meaning of uncertainty. (b) Give an example of risk financing. (c) What is forward contract? (d) Give the meaning of interest rate swap. (e) What is Reinsurance? (f) State any four powers of IRDA. (g) What is double insurance? (h) What is Fair Premium? (i) What is Strike price? (j) Give the meaning of Voyage policy? (k) Give the meaning of proximate cause in insurance. (l) State any one difference between risk and uncertainty.
Section B Answer any five of the following questions (8 marks each) (8x5=40)
2. Explain different types of risks. 3. Distinguish between forward contracts and future contracts. 4. What do you mean by derivatives? What are their uses? 5. What are Swaps? What are its features? 6. Briefly explain the essentials of insurance contract. 7. Explain the objectives and principles of underwriting in insurance. 8. Write a note on fire insurance claims.
Section C (20 marks each) (20x3=60)
Answer the following questions. 9. Explain the general guidelines for settlement of claims. OR What do you mean by Risk Management? Explain the process of Risk Management.
10. What are option contracts? Explain the factors determining option price. OR Give the meaning and features of life insurance, fire insurance and marine insurance.
11. Explain different types of swaps. OR Define underwriting in insurance? Discuss underwriting in life and non life insurance.
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