M.Com Question Papers

St. Joseph’s College of Commerce M.Com. 2013 III Sem Research Methodology For Business Question Paper PDF Download

by
  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS0

END SEMESTER EXAMINATION -APRIL 2013

M.Com. – II Semester

Research Methodology FOR Business

Duration: 3 Hrs                                                                                                          Max. Marks: 100 

Section – A

  1. Answer Any Seven questions out of ten. (5 x 7 = 35)

 

  1. How would you define “Business Research”? Enunciate the significance of conducting research.
  2. What is the purpose of literature survey?
  3. State the characteristics of a good Research Problem?
  4. Discuss briefly on the different types of Research Design.
  5. Suppose, you plan to export semi-precious stones from Jaipur to countries like USA, Canada, and European Union ,what would be the nature of information required by you? How would secondary data sources help you here?
  6. Indicate the type of scale (nominal, ordinal, interval or ratio) that is being used in each of the following questions:
  7. How large is the market size of shampoos?
  8. In which of the following functional areas of management do you wish to specialize in the second year?
  9. Marketing, ii. Finance, iii. HR,      iv. Operations.
  10. State the order of your preference for the following colours.
  11. Grey, ii. White,             iii. Blue,             iv. Green,            v. Black.
  12. Was the Research Methodology course difficult to understand? i. Yes———, ii No———-
  13. In which month were you born?
  14. How would you rate the quality of food at the Golden Dragon Restaurant?

1= Very Poor, 2= Poor, 3= Moderate, 4= Good, 5= Very Good.

 

  1. Differentiate between questionnaire and schedule.
  2. What are the qualities of a good Research Report?
  3. You are working as a Purchase Manager for a company. The following information is supplied to you by two manufacturers of electric bulbs:
  Company A Company B
Mean Life (in hours) 1300 1248
Standard deviations (in hours) 82 93
Sample Size 100 100

Which brand of bulbs are you going to purchase if you desire to take a risk of 5%?

  1. A group of seven week old chickens reared on a high protein diet weigh 12, 15, 11, 16, 14, 14, 16 ounces, a second group of five chickens were similarly treated except that they receive a low protein diet weighted 8,10, 14, 10 and 13 ounces. Test whether there is sufficient evidence that additional protein has increased the weight of the chickens.
Degrees of freedom: 4 5 6 7 8 9 10 11
Value of t @ 5% level: 2.78 2.57 2.45 2.37 2.31 2.62 2.23 2.20

 

Section – B

  1. II) Answer Three questions out of Five                            (3 x 15 = 45)

 

  1. Discuss the different steps involved in research process?

 

  1. What is sample design? Discuss different sampling methods.
  2. Elaborate upon the structure of a report and its main constituents.

 

  1. An automobile company gives the following information about age groups and liking for particular model of car which it plans to introduce.
Persons who Age Groups Total
Below 20 20-39 40-59 60 & Above
Liked the car 140  80 40  20 280
Disliked the car  60  50 30  80 220
Total 200 130 70 100 500

On the basis of this data can it be concluded that the model appeal is independent of the age group (given for v = 3, X20.05 = 7.815.)

 

  1. The following table gives the number of refrigerators sold by 4 salesmen in three months May, June and July:
Month Salesmen
A B C D
May 50 40 48 39
June 46 48 50 45
July 39 44 40 39

P.T.O……..

Is there a significant difference in the sales made by the four salesman?

 

Is there a significant difference in the sales made during the three months?

 

Section – C

III) Compulsory Case study                                                                                 (1 x 20 = 20)

 

Shameem had been with the organization for a fortnight now and was due to meet  Reghu. He opened the door and walked in.

Raghu asked him to be seated and said, “So doctor, what is the diagnosis?”

Shameem Naquib had been recently hired as the company counselor at Danish International, as Reghu Narang, the CEO, felt that he was fed up with his team of non performers. He had hand picked the Band II decision makers from the most prestigious and growing enterprises. Each one came with a proven track record of strategic turnarounds they had managed in their respective roles. So why this inertia at DI? The salaries and perks were competitive, reasonable autonomy was permitted in decision making and yet nothing was moving.

There had been two major mergers and the responsibilities had increased somewhat.

When Shameem went to meet Sid Malhotra, the bright star who had joined six months back, he was reported absent and seemed to be suffering from hypertension and angina pain. His colleague in the next cabin was not aware that Sid had not come for the past four days. As he was talking to Reghu’s secretary, he could hear Kamini Bansal, the HR head yelling at the top her voice at a new recruit, who after six weeks of joining had come to ask her about her job role.

The Band III executives had been with the company for a tenure of 5-15 years and yet had not been able to make it to the Band II position ( Except two lady employees). They were laid back, extremely critical and yet surprisingly were not moving.

Reghu also seemed a peculiar guy, he had hired  him as the counselor and was also making some structural changes as suggested by a vastu expert, to nullify the effect of “evil spirits”.  He had a history of hiring best brains, and trying to fit them into some role in the organization.  And incase someone did not fit in, firing him without any remorse. He had changed his nature of business thrice and on the personal front, he was on the verge of his second divorce.

The company had a great infrastructure, attractive compensation packages and yet the place reeked of apathy. It was like a stagnant pool of the best talent. Was it possible to undertake –operation clean up?

  1. What is the management decision problem that Shameem is likely to narrate to Reghu Narang?
  2. Convert and formulate it into a research problem and the state the objectives of your study. Can you suggest a theoretical frame work about what you propose to study?
  3. Develop the working hypothesis for your study?

 

St. Joseph’s College of Commerce M.Com. 2013 III Sem Advanced Management Accounting Question Paper PDF Download

by
  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

End Semester Examinations – MARCH / April 2013

m.com – ii semester

ADVANCED MANAGEMENT ACCOUNTING

Duration: 3 Hrs                                                                                                       Max. Marks: 100

Section – A

  1. Answer any SEVEN questions ( out of TEN)         (7 x 5  = 35)

 

  1. The following particulars are extracted from the records of a company
 

 

 Product A (per unit) Product B (per unit)
Sale price (Rs)

Consumption of materials (kg)

Material cost (Rs)

Direct wages (Rs)

Machine hours used

Variable overheads

 100

5

24

2

2

4

 110

4

14

3

3

6

 

Comment on the profitability of each product (both use the same raw material) when

  1. Total sales potential in units is the key factor
  2. Total sales potential in value is limited
  3. Raw materials is in short supply
  4. Production capacity (in terms of machine hour) is the key factor

 

  1. A firm can purchase a spare part from an outside source @Rs.11 per unit. There is a proposal that the spare part be produced in the factory itself.  For this purpose a machine costing Rs. 100000 with annual capacity of 20000 units and a life of 10 years will be required.  A foreman with a monthly salary of Rs.500 will have to be engaged.  Materials required will be Rs.4.00 per unit and wages Rs. 2.00 per unit.  Variable overheads are 150% of direct labor.  The firm can easily raise funds @ 10% p.a.  Advice the firm whether the proposal should be accepted.

 

  1. A company manufacturing two products furnishes the following data for a year:
Product Annual output (uts) Total machine hours Total number of purchase orders Total number of set ups
A

B

 5000

60000

 20000

120000

 160

384

 20

44

 

The annual overheads are as under

Volume related activity costs Rs. 550000

Set up costs Rs. 820000

Purchase related costs Rs. 618000

 

You are required to calculate the cost per unit of each product based on activity based costing.

 

  1. The cost per unit of the three products A,B and C of a concern is as follows
Particulars A B C
Direct materials

Direct labour

Variable expenses

Fixed expenses

Total cost

Profit

Selling price

Number of units produced

 10

6

4

3

23

9

32

10000

 8

7

5

3

23

7

30

5000

 9

6

3

2

20

6

26

8000

 

Production arrangements are such that if one product is given up, the production of the others can be raised by 50%.  The directors propose that C should be given up because the contribution in the case is the lowest.  Do you agree?

 

  1. Ram Dass pvt ltd Nasik, is currently operating at 80% capacity.  The profit and loss account shows the following
     
Sales

Cost of sales:

Direct materials

Direct expenses

Variable overheads

Fixed overheads

 

Profit

  

 

280

80

40

260

 640

 

 

 

 

 

580

60

The managing director has been discussing an offer from Middle East of a quantity which will require 50% capacity of the factory .  The price is 10% less than the current price in the local market.  Order cannot be split.  You are asked by him to find out the most profitable alternative.  The factory capacity can be augmented by 10% by adding facilities at the increase of Rs. 40 lakhs in fixed cost.

 

  1. For the final assemble of product in an engineering company, a certain component is required. The company has the options either to produce the component itself or purchase it from the market.  The production department which can make the component is currently working to full capacity and earning a contribution of Rs 10 per hour on an order which will last for another ten months.  Repeat orders are very likely.  Variable cost of making the component is Rs. 42 and it takes one hour per unit.  Market price of the component is Rs. 45 per unit

 

What advice will you give to the management of the company?

 

  1. What is a balance score card? What are the perspectives under the balance score card?
  2. What is a transfer price? Explain any four types of transfer pricing method
  3. Explain the concept of benchmarking with its process.
  4. Define business process re engineering process. Explain its methodology.

 

 

Section – B

  1. Answer any THREE out of FIVE questions.                   (3 x 15   = 45)
  2. A company engaged in plantation activities has 200 hectares of virgin land which can be used for growing jointly or individually tea, coffee and cardamom. The yield per hectare of the different crops and their selling prices per kg are as under
  Yield (kgs) Selling price per kg
Tea

Coffee

Cardamom

 

 2000

500

100

 20

40

250

Variable cost per kg

  Tea (Rs.) Coffee (Rs.) Cardamom (Rs.)
Labour charges

Packing materials

Other costs

Total costs

 8

2

4

14

 10

2

1

13

 120

10

20

150

Fixed cost per annum

Cultivation and growing cost Rs. 10,00,000

Administrative cost s. 200000

Land revenue Rs. 50000

Repairs and maintenance Rs. 250000

Other costs Rs. 300000

The policy of the company is to produce and sell all the three kinds of products and the maximum and minimum area to be cultivated per product is as follows

  Max hectares Min hectares
Tea

Coffee

Cardamom

 160

50

30

 120

30

10

 

Calculate the most profitable product mix and the maximum profit which can be achieved.

 

  1. An organization manufacture a product, particulars of which are detailed below;
   
Annual production

Material costs

Other variable costs

Fixed cost

Total cost

Apportioned investment

 20000 units

Rs. 60000

120000

40000

220000

200000

Determine the unit selling price under each of the following.  Assume that the organizational tax rate is 52%

  1. 20% return on investment
  2. 30% mark up based on total cost
  • 20% profit on net sales price
  1. 15% profit on list sales when trade discount is 35%
  2. 40% mark up based on incremental cost
  3. 50% mark up based on value added by manufacturer.

 

  1. A machine used on a production line must be replaced at least every four years. The cost incurred in running the machine according to its age are

Age of machine (years)

particulars 0 1 2 3 4
Purchase price

Maintenance

Repairs

Net realizable value

 3000  

800

 

1600

  

900

200

1200

 

  

1000

400

800

  

1000

800

400

 

Future replacement will be identical machines with the same costs.  Revenue is unaffected by the age f the machine.  Assume there is not inflation and ignore tax.  The cost of capital is 15%.  Determine the optimum replacement cycle.

 

  1. German remedies ltd has prepared the following budge estimates for the year
Sales (uts) Product A

6000

 Product B

16000
Selling price

Direct materials

Direct wages @ Re 1 per hour

Variable overheads

Fixed overheads

Total

profit

 40

12

8

4

8

32

8

 64

22

12

6

12

52

12

 

After the finalization of above manufacturing program me, it is observed that one third capacity of the company is till idle.  In order to improve the working the following proposals are put up for consideration

  1. Discontinue product A and the capacity so released will be used on product B. The selling price of product B however will be reduced by Rs. 2 per unit on the entire sales.
  2. Discontinue product B and divert the capacity to Product C whose unit cost data are as under
Selling price

Direct material

Direct labour

Variable overheads

 52

15

10

5
  1. Utilize the idle capacity for meeting an export demand for the product D whose unit cost data are as under
Selling price

Direct materials

Direct labour

Variable overheads

 

 72

40

20

10

 
  1. Hire out the idle capacity hours by fixing up a price in such a way that the same rate of profit per direct labour hour as obtained in the original budget estimates is achieved. Indicate the hire charges per direct labour hour.

 

  • Prepare a statement showing the profitability as envisaged in the original program me
  • Evaluate the above proposals and prepare profit statement under each.

 

  1. What do you mean by philosophy of continuous process improvement? What are its challenges.

 

Section – C

 

  • ONE Compulsory Case study (No choice)                   (1 x 20 = 20)

 

  • A manufacturing company purchase one of the components required for the manufacture f product from two sources supplier A and supplier B. The price quoted by Supplier A is Rs. 15.00 per hundred numbers of the component and it is found that on the average 3% of the total receipt from this source is defective. The corresponding quotation from supplier B is Rs. 14.50 but the defectives would go  up to 5% for the total supply.  If the defectives are not detected, they are utilized in production causing a damage of Rs. 15.00 per hundred components.

The company intends to introduce a system of inspection for the components on receipt which would cost Rs. 2.00 per hundred components.  Such an inspection will however be able to detect only 90% of the defective component received.  No payment will be made for components found to be defective in inspection.

Offer your opinion.

  • Whether inspection at the point of receipt is justified
  • Which of the two suppliers should be asked to supply
  • Assume total requirement of components to be 10000units (10 marks)

 

  • The details of the output presently available from a manufacturing department of Hi tech industries are as follows

Average output per week 48000 units from 160 employees

Saleable value of output Rs. 600000

Contribution made by the output towards fixed expenses and profit Rs. 240000

The board of directors plans to introduce more automation in the department at a capital cost of Rs. 160000.  The effect of its will be to reduce the number of employees to 120 but to increase the output per individual employee by 60%.  To provide the necessary incentive to achieve the increased output the board intends to offer a 1% increase in the piecework rate of one rupee per article for every 2% increase in average individual output achieved.  To sell the increased output , it will be necessary to decrease the selling price by 4%

Required

Calculate the extra weekly contribution resulting from the proposed change and evaluate for the board’s information the worth of the project.

(10 marks)

 

St. Joseph’s College of Commerce M.Com. 2013 III Sem Strategic Financial Management Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – OCTOBER 2013
M.COM – III SEMESTER
STRATEGIC FINANCIAL MANAGEMENT
Duration: 3 hrs Max. Marks: 100
SECTION – A
I) Answer any SEVEN questions. Each question carries 5 marks. (7 x 5 =35)
1) What do you understand by interface of financial policy and strategic
management?
2) “Financial planning is the backbone of the business planning and corporate
planning”. Comment.
3) Explain the importance of the study of SFM in business decision making?
4) “A well conceived incentive compensation plan goes a long way in aligning the
interest of managers and shareholders”. Comment.
5) Explain the five sins of acquisitions
6) Write short answers to the following (One or two sentences):
What is ROIC?
What is Leveraged Buyout?
What is strategic cost management?
What is Demergers?
What is TBR?
7) Explain the key steps involved in using the cash flow approach to valuing a firm.
8) Mahesh International earns a return on equity of 30 percent. Its dividend payout
ratio is 0.35. Equity shareholders of Mahesh require a return of 20 percent. The
book value per share is Rs. 40.
(i) What is the market price per share, according to the Marakon model?
(ii) If the return on equity falls to 25 percent, what should be the payout ratio to ensure
that the market price per share remains unchanged?
9) An equipment costs Rs. 10,00,000 and has an economic life of 4 years, at the end
of which its expected salvage value is Rs. 2,00,000. If the cost of capital is 14
percent, what will be the depreciation schedule under the sinking fund method?
10) ABC Ltd. plans to acquire XYZ Ltd. The relevant financial details of the two
firms, prior to merger announcement, are given below:
ABC Ltd. XYZ Ltd.
Market price per share
Rs. 60 Rs. 25
Number of shares 3,00,000 2,00,000
2
The merger is expected to bring gains which have a present value of Rs. 4 million. Firm
ABC Ltd. offers one share in exchange for every two shares to the shareholders of firm
XYS Ltd.
Required:
(a) What is the true cost acquisition?
(b) What is the present value of the mergers to ABC Ltd. and XYZ Ltd.
SECTION – B
II) Answer any THREE questions. Each carries 15 marks (3 x 15 = 45)
11) Explain in detail some of the specific issues of financial policy of a firm.
12) Explain the strategic aspects of investment and dividend policies of a firm.
13) Explain the plausible and dubious reasons for merger.
14) A new plant entails an investment of Rs. 300 million (250 million in fixed assets
and Rs. 50 million in net working capital). The plant has an economic life of 14
years and is expected to produce a NOPAT of Rs. 21.085 million every year. After
14 years, the net working capital will be realized at par whereas fixed assets will
fetch nothing. The cost of capital for the project is 10%. The straight line method
of depreciation is used.
(a) What will be the ROCE for year 5? Assume that the capital employed is
measured at the beginning of the year.
(b) What will be the ROGI for year 5?
(c) What will be the Economic Depreciation for year 5?
15) The accounts of Joel Ltd. engaged in manufacturing business are summarized
below:
Income statement for the year ended March 31. 2013. (Amount in Rs. Million)
Sales Revenue
Less: Cost of goods sold
General expenses
Administrative expenses
Selling and distribution
expenses
Interest on loan
EBT
Less: Corporate Taxes (35%)
Earnings after taxes
59.10
6.80
7.80
2.90
1.80
95.00
78.40
16.60
5.81
10.79
3
Balance Sheet as at March 31, 2013 (Amount in Rs. Million)
Liabilities Rs. Assets Rs.
Equity share capital(10 Lakh
shares of Rs. 10 each)
Reserves and surplus
10%Loan
Creditors and other liabilities
10.00
31.50
18.00
18.00
Freehold Land and
Buildings(net)
P&M (net)
Current Assets:
Stock
Debtors
Bank and cash balances
20.00
28.50
10.00
15.00
4.00
Total 77.50 Total 77.50
Additional Information:
1. The risk free rate of return in the economy is 8% and the premium expected
from business in general is 5%. The beta of Joel Ltd. shares is currently 1.27.
2. The equity shares of this company quoted in the market as on 31.03.2013 are
Rs. 50 per share.
3. General expenses include R&D expenses of Rs. 0.50 million (For EVA
computation R&D expenses are to be considered as an investment.
Requirements:
(i) Determine the EVA for the year ended March 31, 2013; and
(ii) Determine the amount of MVA for the year ended March 31, 2013
SECTION – D
III) Compulsory question carries ( 20 marks)
ABC Corporation is expected to grow at a higher rate for 4 years; thereafter the growth
rate will fall and stabilize at a lower level. The following information has been
assembled:
Base year (year 0) information
Revenues : Rs. 3000 million
EBIT : Rs. 500 million
Capital expenditure : Rs. 350 million
Depreciation : Rs. 250 million
Working capital as a percentage of revenues : 25%
Corporate tax rate (for all time) : 30%
Paid up equity capital (Rs. 10 par) : Rs. 400 million
Market value of debt : Rs. 1200million
Inputs for the High Growth Period
Length of the high growth phase : 4 years
Growth rate in revenues, depreciation, EBIT and capital expenditure : 20%
4
Working capital as a percentage of revenues : 25%
Cost of debt(pre-tax) : 13%
Debt equity ratio : 1:1
Risk-free rate : 11%
Market risk premium : 7%
Equity beta : 1.129
Inputs for the stable growth period
Expected growth rate in revenues and EBIT : 10%
Capital expenditures are offset by depreciation
Working capital as a percentage of revenues : 25%
Cost of debt : 12.14% (pre-tax)
Risk-free rate : 10%
Debt-equity ratio : 2:3
Market risk premium : 6%
Equity beta : 1.00
Required:
(i) What is the WACC for the high growth phase and the stable growth phase?
(ii) What is the value of the firm?

St. Joseph’s College of Commerce M.Com. 2013 III Sem Project Appraisal & Finance Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M. COM. – III SEMESTER
PROJECT APPRAISAL & FINANCE
Time: 3 Hrs. Max. Marks: 100
Note – Your Answers should be brief & related to the Marks allotted
SECTION – A
I) Answer ANY SIX Questions in brief. (6×5= 30 )
1) What do you understand by Recourse & non-recourse Funding?
2) Outline the Importance of Asset Creation as part of a Major Project.
3) Explain in brief the difference between D / E Ratio & DSCR.
4) List out any two types of Equity & Three types of Debt.
5) Briefly outline the possibility of Conflict between Ownership & control.
6) List out any Five Valuation Issues.
7) What do you understand by Passive Equity ?
8) List out any Five Risks which Banks would not accept for Approval of Funding.
9) List out any Five Factors which are considered for Investment Appraisal.
SECTION – B
II) Attempt ANY TWO of the following, with details of a Practical Project you are
referring to: (2×10= 20 Marks )
10) Explain with a Sketch a typical Model of either “ Balance Sheet Financing “ or “
Financing through an SPV Route “.
11) Prepare a table indicating different Entities which would be willing to absorb
Finance-related Risks connected with Debt, & Operations.
12) Explain with a table to highlight the Differences between Project Finance &
Corporate Finance.
SECTION – C
III)MS PROJECT – Attempt any Four of the following: ( 4×5=20)
Choose a TOURIST RESORT as an example & with ref. to the MS Project Software,
outline with a sketch any four of the following Processes:
13) Scheduling
14) Budgeting
15) Building of Resources – Members, Equipment etc.
16) Attaching a file to an activity
17) Adding Comments, Constraints
2
SECTION – D
IV) CASE STUDY – Attempt any Five of the following: ( 30 Marks )
A Major city is planning to improve Traffic Conditions & is considering the following
Options:
a) Entrusting the entire Project to a single Company
b) Identifying one Company for Elevated Roads & Flyovers & another for Underpasses
& Widening of Roads.
c) Identifying one Big Company for Elevated Roads & Flyovers & two small
companies for Under-passes & Widening of Roads.
Analyse & recommend the best combination for Financing the Project through any Five
of the following Methods:.
1) Balancing between Offtake & Input Supply Contracts
2) Proper financing Structure ( with the help of a Diagram )
3) Investment appraisal ( with the help of a Diagram )
4) Value of Flexibility ( with the help of a Table / Diagram )
5) Inclusion of O&M ( to secure Equity & maintain Continuity of revenue )
6) Approach IFC by extending the Project to five cities in India ( Five benefits to be
listed out )
7) Analysis of Return Variance Vs. Size of Project ( with the help of a Graph )

St. Joseph’s College of Commerce M.Com. 2013 III Sem International Financial Management Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – III SEMESTER
INTERNATIONAL FINANCIAL MANAGEMENT
Duration: 3 hours Max. Marks: 100
SECTION- A
I) Answer any SEVEN questions. (7×5=35)
1. What are the most common strategies used to reduce exposure to a host
government takeover?
2. Depict the registration process of FIIs in India diagrammatically.
3. Show the process of remitting subsidiary earnings to parent
diagrammatically and explain briefly.
4. What are the various methods to conduct international business?
5. Why is a weak home currency not a perfect solution to correct a BOT
deficit?
6. A company exports highly advanced phone system components to its
subsidiary shops on islands in the Caribbean. The components are
purchased by consumers to improve their phone systems. These
components are not produced in other countries. Explain how political
risk factors could adversely affect the profitability of the company.
7. What are the factors influencing Working Capital requirements?
8. Why do firms pursue international business?
9. What are the various factors affecting International Trade Flows?
10. If the exchange rate at the end of 2007-2008 is INR43.91/USD and if the
rate of inflation in India and USA during 2008-2009 is respectively 7%
and 4%. Find the exchange rate at the end of 2008-2009. Which exchange
rate theory does this follow?
SECTION -B
II) Answer any THREE questions. (3×15=45)
11. Distinguish between Risk & Exposure. What are the different types of
Foreign Exchange Exposures & how are they managed?
12. Should Multinational Capital Budgeting be conducted from the viewpoint
of the subsidiary or the parent? What are the financial and political risk
factors in country risk?
2
13. Write a note for receiving FDI by an Indian company. Highlight the
sectors where FDI is not allowed in India. Also give a note on the financial
instruments available for FII investment and their consideration for
application.
14. Sun Pharma Ltd. an Indian based foreign MNC is evaluating an overseas
investment proposal. Sun Pharma Ltd. exporter of pharmaceutical
products is considering building a plant in US. The plant will entail an
initial outlay of $20 M and it is expected to give the following cash flow
over its life of 4 years.
Year Cash Flow
(USD M)
1 30
2 40
3 50
4 60
The current spot exchange rate is INR 65/USD and risk free rate of
interest in India is 12% and in the US it is 7%. Sun Pharma requires a
rupee return of 15% on the above project.
Calculate NPV under both home currency approach and foreign currency
approach.
15. (a) Find out the Balance of Trade and balance of Current Account, if:
Inflow on account of services: $1000; outflow on account of services: $800;
outflow of dividend, royalty etc: $1100; inflow of dividend etc: $560;
export of goods: $10,000; import of goods: $12000; remittances: $1200;
short-term movement of funds ($200)
(b) How would a relatively high home inflation rate and an increase in a
country’s national income affect the home country’s current account,
other things being equal?
P.T.O………
3
SECTION -C
III) Case Study: (20 marks)
16. Threads Woven Corp. currently have no existing business in South Africa
but are considering establishing a subsidiary there. The following
information has been gathered to assess this project:
• The initial investment required is ZAR (South African Rand) 100 M.
Given the existing spot rate of $0.50 per ZAR, the initial investment in
US$ is $ 50M.
• The project will be terminated at the end of Year 3 when the subsidiary
will be sold.
• The fixed costs such as overhead expenses are estimated to be ZAR 12
M per year.
• The exchange rate of the ZAR is expected to be $0.52 at the end of year
1, $ 0.54 at the end of year 2, and $ 0.56 at the end of year 3.
• The South African government will impose an income tax of 30% on
income. In addition, it will impose a withholding tax of 10% on
earnings remitted by the subsidiary. The US government will allow a
tax credit on the remitted earnings and will not impose any additional
taxes.
• All cash flows received by the subsidiary are to be sent to the parent at
the end of each year. The subsidiary will use its working capital to
support ongoing operations.
• The price, demand and variable cost of the product in South Africa are
as follows:
Year Price Demand Variable Cost
1 ZAR 1000 40,000 units ZAR 60
2 ZAR 1022 50,000 units ZAR 70
3 ZAR 1060 60,000 units ZAR 80
• The plant & equipment are depreciated over 10 years using straight
line method. Since the plant & equipment are initially valued at ZAR
100M, the annual depreciation expense is ZAR 10 M.
• In three years, the subsidiary is to be sold. When it sells the subsidiary,
Threads Woven Corp. expects to receive ZAR 104 M after subtracting
capital gains taxes. Assume that this amount is not subject to a
withholding tax.
• Threads Woven Corp requires a 20% rate of return on the project.
Determine the NPV of this project. Should Threads Woven Corp.
accept this project?

St. Joseph’s College of Commerce M.Com. 2013 III Sem Ethics For Business Decisions Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – III SEMESTER
ETHICS FOR BUSINESS DECISIONS
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer SEVEN questions out of Ten. ( 7×5 = 35)
1. What is business ethics? Is it the same as “Religion, Law, Cultural traits, Feelings, a
branch of Science a collection of values?” Discuss.
2. Discuss the basis of moral rights according to Immanuel Kant? State the criticisms
against Kantian view.
3. “The six pillars of character taken together act as a multi level filter through which
ethical decisions can be processed, and they believe, these can dramatically improve
the ethical quality of our decisions, and thus our character and lives.” Comment.
4. Explain the concept “marketing ethics”? Discuss the areas where changes are
required to happen to acquire moral development and enhancement of marketing
ethics in the context of Indian environment.
5. Write a note on the emerging challenges in the functional areas of HRM.
6. Discuss ethical issues involved with creative accounting?
7. Identify the various elements responsible for the commission of bank frauds. What
are the measures suggested against bank frauds?
8. “Preservation of a healthy environment is everybody’s concern” What role is
expected of stakeholders to play in ensuring environmental preservation?
9. Write an account of environmental audit.
10. Elucidate the key contributions of good corporate governance to a corporation.
SECTION – B
II) Answer any THREE questions out of Five. (3 x 15 = 45)
11. Discuss the “concept of ethical dilemma.” What is the reason behind the ethical
dilemma that takes place under an organizational set up? How do ethical dilemmas
in business affect the stakeholders? How can a business organization resolve ethical
dilemmas?
2
12. What are the models that guide managers and executives in making Ethical
decisions? Discuss a suitable framework for ethical decision making. What are the
most important issues to be tackled in the process?
13. “In a general sense, marketers must accept overall responsibility for the
consequences of their actions.” Identify some universal ethical guidelines on which
marketers action should be based. Elaborate on ethical issues concerned with four
Ps of marketing with suitable examples.
14. To achieve fairness, HR executives, apart from having an ethical conscience, follow a
well-laid system of procedures that address the range of human resource issues in
the pursuit of organizational justice. Discuss the various ethical issues that arise out
of the employer-employee relationship.
15. Explain what constitutes good corporate governance from the context of different
stakeholders.
SECTION – C
III) Compulsory Case study (1 x 20 = 20)
Jerome Kerviel: Rogue Trader or Misguided Employee
Socie’te’ Ge’ne’rale: is a French Bank, which is globally recognized. The French
company Socie’te’ Ge’ne’rale (ScoGen) was founded on May 4, 1864. The bank serves
19.2 million individual customers in 76 countries. It employs 103,000 workers from 114
different nationalities. SocGen operates in three major businesses: (i). retail banking &
financial services, (ii). global investment management & services and (iii). corporate &
investment banking. The core values of the company were professionalism, team spirit
and innovation. In 2006, SocGen ranked 67 on Fortune’s 2006 Global 500.
The turmoil in 2006 revolved around the collapsing housing market and a mortgage
industry that witnessed loan defaults in record numbers. Several banks were engaged
in purchasing high-risk mortgage loans. It constrained SocGen’s financial status.
SocGen saw its stock price cut almost in half throughout the year, but it was not the
only potential pitfall for this once robust company. It was the actions of one rogue
trader, Jerome Kerviel, that could have signaled the ultimate downfall of SocGen.
On January 24, 2008, SocGen announced to the world that it discovered a $7.14 billion
trading fraud caused by a single trader Kerviel. Additionally, a nearly $3 billion loss
was posted due to loss in investments in the U.S. subprime mortgage industry. SocGen
halted its shares to avoid complete market collapse on the price of the stock. Jerome
Kerviel, 31 year old, unmarried, did not profit from his scheme. He had been an
employee of SocGen since 2000. He was working in the futures trading desk of the
bank. Kerviel saw his trading profits increase throughout 2007. By the end of the year
3
he needed to mask his significant gains, so he created fictional losing positions to erode
his gains. By mid-January, Kerviel had lost over $3 billion. He was hedging more than
73.3 billion, an amount far in excess of trading limits created by SocGen for a single
trader. This amount even exceeded SocGen’s overall market cap of $52.6 billion.
Despite five levels of increased security to prevent traders from assuming positions
greater than a predetermined amount, and a group compliance division in charge of
monitoring trader activity, Kerviel was able to bypass internal controls for over two
years.
Kerviel’s motive was not to steal from the bank, but to have his significant trading gains
catapult his career and to cash in on a significant bonus given to traders who exhibit the
type of profitability he created for the company. Red flags were triggered, but e-mails to
his superiors on his trading activity were ignored due to his overall profitability for the
company. Kerviel admitted his wrong doing, but stated that SocGen was partially
responsible for not monitoring his activities correctly and rewarded his behavior with a
proposed bonus of $440, 000. Kerviel stated that his actions were similar to those of
other traders; he was just being labeled as the scapegoat in this investigation.
Once the fraud was detected in mid-January, 2008, SocGen immediately reported it to
France’s central Bank, Bank of France. After Kerviel admitted his guilt, his employment
was terminated along with that of his supervisors. CEO David Bouton submitted a
formal resignation, along with second-in-command, Phillipe Citerne; however, both
were rejected by the Board of Directors. employees of the company staged
demonstrations where they showed their support for Bouton.
The bank has stated that since the activity was brought to light, there was tightening on
the internal controls, so that actions such as Kerviel’s are no longer possible for a trader.
On January 25, 2008, SocGen took out a full page news paper article apologizing to its
customers for the scandal.
Kerviel was able to evade detection because of his experience in monitoring the traders
in his early years at SocGen. Falsifying bank records and compute fraud were part of
the intricate scheme that Kerviel created. Kerviel knew when he would be monitored by
the bank and avoided any activity during those periods. He created a fictitious
company and falsified trading records to keep his activity under wraps. Kerviel also
used other employee’s computer access codes and falsified trading documents.
Questions:
1. Is Kerviel the only one who is guilty in this case with regard to his actions? Explain.
2. Should other individuals and the bank be legally held responsible and liable for
Kerviel’s actions? Why or Why not? Explain.
3. Describe what you believe to have been Kerviel’s personal and professional ethics?
(Use the terms that you have studied in module 1).

St. Joseph’s College of Commerce M.Com. 2013 I sem Corporate Tax Planning Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – OCTOBER 2013
M.COM – III SEMESTER
CORPORATE TAX PLANNING
Duration: 3 Hrs Max. Marks: 100
SECTION – A
I) Answer any SEVEN questions (out of TEN). (7 x 5 = 35)
1. What is transfer pricing? What are the methods of determining arm’s length
price?
2. Explain the tax planning provisions with regard to amalgamation of two
companies.
3. Define slump sale. How do you find out the written down value in the hands
of transferor in the case of slump sale. Briefly explain the computation of
capital gain in the case of slump sale.
4. Explain the provisions u/s
• 44BBB
• 44BBA
5. Explain the provisions u/s
• 35ABB
• 35 AD
6. Explain the deduction in respect of new workmen u/s 80 JJAA.
7. Explain the capital gain exemption tax between India and Netherlands.
8. On receipt of assessment order for the assessment year 2013-2014 of X ltd the
chief accountant of that company finds that the following deductions claimed
by it in the return of total income have not been allowed:
• Expenditure of Rs. 15000 incurred on accommodations maintained, at
the place where the factory s located for the directors and other
employees of the company, who visit the factory for the purposes of the
company’s business.
• A sum of Rs. 17500 incurred for lunch at a five star hotel where seven
representatives of a prominent raw materials supplier were taken for
lunch and the purchase manager of the Assessee had accompanied
them
• Export markets development allowance on a sum of Rs. 18000 spent by
it in connection with a partly given to the overseas buyers of its
products.
• Claim for deduction of a sum of Rs. 450000 being the amount of liability
for gratuity for the calendar year 1991 calculated on actuarial basis for
which no provision was made in the books of accounts. The company
does not maintain any gratuity fund. It maintains its accounts on
2
mercantile basis. So far as gratuity liability is concerned, it has made
provision for the same in the books of account for the previous year
ended Dec 31, 1976. Thereafter it stopped making provision for
gratuity liability in the books of account. However, actual payment are
debited to P and L account
• Expenditure of Rs. 10000 incurred for drilling a tube well in the factory.
The drilling operations were given up as the water was hard and not
suitable for use. The expenditure thus became in fructuous.
9. XY ltd is having business in manufacture sale and export of goods. Its profit
and loss account for the year ending 31/3/2013 disclosed a net profit of Rs. 7.5
lakhs. Compute the assessable income for the assessment year 2013-2014 from
the following data
• Tax paid on behalf of foreign collaborator, the company having failed
to deduct tax on the remittances, such tax paid being Rs .30000 debited
to P& L account
• Commission paid to foreign buyer in violation of FEMA in the course
of invoicing exports, debited to P & l Account Rs. 40000
• Commission paid to local agents of foreign principals for securing
export orders, debited to Profit and loss account Rs. 20000
• Remuneration to MD comprised of salary at Rs. 45500 per month bonus
for the year Rs. 10000 and commission Rs. 20000 all debited to Profit
and loss account. The entire remuneration has been approved by the
company law board.
• Interest paid on borrowing made in excess of the limits laid down of
companies act Rs. 50000 debited to P & L a/c
• Contribution to a political party for securing help in getting loan from a
Government financial institution, charged to Profit and loss account Rs.
1 lakh
• Surtax paid Rs. 25000
• Interest paid for belated payment of income tax Rs. 8000 debited to P &
L a/c
• Insurance compensation received RS. 2 lakhs for damage to a
machinery, the expenditure incurred for repairing the same being Rs.
1,50,000 , the balance Rs. 50,000 credited to replacement reserve account
in the balance sheet
• Amount realized on sale of import entitlement Rs. 80000 taken to
reserve account in the balance sheet.
Give reasons for the additions and deletions suggested.
10. Write the applicability of general anti avoidance rule. What are the four tests
to be satisfied to declare impermissible avoidance arrangement
3
SECTION – B
II) Answer any THREE out of FIVE questions. (3 x 15 = 45)
11. Explain the Key factors for Tax Planning and key structures in Outbound
Investment in India
12. Briefly explain the implications of tax concession and incentives for corporate
decision in respect of setting up a new business. (with special reference to
location being free trade zone)
13. XYZ ltd needs a component in an assembly operation. It is contemplating the
proposal to either make or buy the aforesaid component
• If the company decides to make the product itself, then it would need
to buy a second hand machine for Rs. 8 lakhs which would be used for
5 years. Manufacturing costs in each of the five years would be Rs. 12
lakhs, Rs. 14 lakhs, Rs. 16 lakhs and Rs. 25 lakhs respectively. The
relevant depreciation rate is 15%. The machine will be sold for Rs. 1
lakh at the beginning of the sixth year
• If the company decides to buy the component from a supplier the
component would cost Rs. 18 lakhs, Rs. 20 lakhs, Rs. 22 lakhs and Rs. 28
lakhs and Rs. 34 lakhs respectively in each of the five years.
The relevant discount rate is 14% and 32.445% tax is applicable.
Additional depreciation is not available. Should XYZ ltd make the
component or buy from outside.
14. ABC ltd is an Indian company engaged in the business of manufacture and
sale of engineering goods. Its net profit for the year 2012-13 is Rs. 20000. The
following are the other particulars
a. Debits to P&L a/c include
• Penalty paid for default in payment of sales tax Rs. 10000
• Cost of machinery purchased and installed during the year Rs.
5000
• Cost of imported motor car Rs. 240000 and depreciation there on
Rs. 48000
• Rent for premised hired at Delhi for the stay of the company’s
employees when on tour for purposes of business. Rs. 10000
• Foreign tour expenses of executive director and his wife Rs.
50000 (the expenses of the wife are estimated at Rs. 24000, the
tour was undertaken for promotion of exports and the director
being a diabetic patient, it became necessary under medical
advice, for his wife to accompany him)
• Annual premium paid for personal accident insurance policy
taken by the company for its staff Rs. 10000
• Interest on deposits received by the company from public RS.
30000
• Security deposit paid for telex connection Rs. 10000
4
• Interest paid on money borrowed from bank for purchase of
shares in P.Inc a company incorporated in New York Rs. 10000
• Salary etc, paid to B the executive director
Salary Rs. 72000
Commission on sales RS. 30000
House rent allowance RS. 25000
Travel concession for self and wife in connection with his
proceeding on leave Rs. 5000
Rent for office premises of the company owned by the director
Rs. 12000
• Salary paid to Y an accounts officer : Salary Rs. 75000, bonus Rs.
18000, HRA Rs. 2400, special allowance Rs. 5000
• Depreciation of plant purchased during 2012-2013 Rs. 400000
(normal depreciation @33.33% of cost Rs. 1200000)
b. Credits to P&L a/c includes dividend received from foreign company
Rs. 50000
c. Following items were credited to capital reserve account
• The Assessee Company has purchased a plant on June 3 1988 for
Rs. 250000 for its research laboratory and claimed a deduction of
Rs. 250000. The research activity for which the machine is
purchased ceases in 2010-11 and the machine s brought into
business proper on Nov1, 2011 (market value Rs. 130000). The
machine is sold for Rs. 150000 on April 4, 2012. Rs 150000 is
credited to capital reserve account
• The Assessee Company has purchased a machine on Dec 1, 1988
for Rs. 300000 and claimed a deduction of Rs. 375000 (being 1.25
of Rs. 300000) as the machine was meant for an approved in
house research. The particular research activity for which the
machine was purchased ceases on Nov 1, 2012 and the machine
is sold, without being used for any other purposes on Dec 19,
2012 for Rs. 200000. This amount is credited to capital reserve
account.
The profit of Rs. 20000 is calculated before deducting income tax
You are required to compute the total income of the company for the
AY 2013-2014. Give reasons for the adjustments that you make in the net profit.
15. A plant is purchased for Rs. 100000. The depreciation rate is 15% (additional
depreciation rate is 20% in the first year) and the corporate tax rate is 32.445%.
The weighted average cost of capital is 10%. The life of the machine is 10
years. A loan of Rs75000 can be had by accepting public deposits at the
interest rate of 9% for financing the investment in plant. It is assumed that the
public deposits are repaid after 10 years. On the other hand the asset can be
obtained on lease. The lease rentals are at the rate of Rs. 34000 per annum for
primary lease period of 5 years. Beyond this peppercorn rentals Rs. 600 per
5
annum are to be paid. A lease management fee of Rs. 1000 is payable on
inception of the lease. In all three situations suggest the best option.
Section – C
III) ONE Compulsory Case study (No choice) (1 x 20 = 20)
XYZ ltd is considering the purchase of a new machine costing Rs. 60,000 with an
expected life of 5 years and salvage value of Rs. 3000 in replacement of an old
machine purchased 3 years ago for Rs. 30,000 with expected life of 8 years. The
present market value of this old machine is RS. 35000. Because of the purchase of
new machinery, the annual profits before depreciation are expected to increase by Rs.
12000. The relevant depreciation rate for the machine is 15% on WDV basis and tax
rate is 32.445%. Assume the after tax cost of capital (discounting rate) to be 14% and
additional depreciation is not available. Advise the company suitably

St. Joseph’s College of Commerce M.Com. 2013 I sem Advanced Computer Application Business Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – III SEMESTER
ADVANCED COMPUTER APPLICATION IN BUSINESS
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer any SEVEN of the following questions. (7×5=35)
1. What are the primary characteristics of open system? In what way is a system
entropic?
2. Is there any role for an accountant in SDLC. Explain?
3. Explain any five categories of Internet Security Threats?
4. When should testing start and stop?
5. When and how requirement testing used? What are its objectives?
6. Explain the different types of Information System Auditing approaches?
7. Explain BPO infrastructure.
8. Explain the major objectives of Information System audit?
9. “The move towards more automated financial statements has had an impact in
the way auditor’s carry out their work”-Explain?
10. Explain the term value of information?
SECTION – B
II. Answer any THREE questions from the following: (3×15=45)
11. Explain SDLC with a neat diagram.
12. Explain any three departments of a company where Information Technology
is used to gain advantage?
13. Explain the following with example programs in HTML.
a) How to organize text in web page? Explain the different types of listing
in HTML ? (10 Marks)
b) How to insert an image in web page? What are its attributes? (5 Marks)
14. Briefly describe the eight phases of plan formulation in BCP?
15. “Real time recording needs real time auditing to provide continuous
assurance about the quality of data, thus continuous auditing”-Explain?
2
SECTION – C
IV) Compulsory Question (1×20=20)
16.
In the late 1990’s Phil Gilmour was managing partner of Armstrong Gilmour, a
Walnut Creek California based accounting and consulting firm. A significant
portion of the firm’s business involved administrating private pension funds
for individual clients. Client’s pension and investment data was stored in a
company database, and clients could go online to access the database and
check the status of their accounts.
The portion of the business dedicated to managing pension funds was
growing fast-too fast. Unable to handle the increasing traffic, the database
crashed. Fortunately the company’s computer system had a back up and so
client’s data was safe-or so Gilmour thought. When the company attempted to
restore the pension data from the backup tapes, it found that the data on the
tapes was corrupted. The only option left was an expensive and agonizing one.
Employees at the firm had to spend long hours over the next several weeks
recreating the database manually. But the total cost of the disaster to
Armstrong Gilmour may have been much greater than just the employee time
and thousands of dollars consumed by the database restoration process.
Gilmour, who eventually sold the firm, believes the company lost credibility
with some of its clients after the database crash, and that this loss of credibility
ultimately resulted in millions of dollars of lost value in goodwill.
Questions:
1. Explain the importance of having a backup plan of business records for
Armstrong Gilmour?
2. What was the risk associated with the backup facility of Armstrong
Gilmour. What are the remedies you can suggest?

St. Joseph’s College of Commerce M.Com. 2013 I sem Quantitative Technique For Business Decisions Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
Quantitative Techniques For Business Decisions
Duration: 3 hours Max. Marks: 100
SECTION- A
I) Answer any SEVEN questions. Each carries FIVE Marks (5×7=35)
1 a b+c
1. Given A = 1 b c+a Find Determinant A.
1 c a+b
2. The cost and total revenue of a company that produces and sells x units of a particular
product are C(x) = 5x + 350 R(x) = 50x – x2. Find the break even values, the values of x
that produces profit and values of x that result in a loss.
3. For a certain firm the demand function p=12‐0.4q and cost function is C= 5 + 4q + 0.6q2
Here C denotes total cost, p is the price per unit and q is the quantity produced.
Determine p and q in order to maximize the total profit.
4. Discuss utility of statistics as a managerial tool. Also discuss its limitations.
5. Locate the missing frequencies in the following frequency distribution when the Mode
and Median are 26 and 27 respectively.
6. From an urn containing 12 balls of the same size of which 6 are red, 4 are blue and 2 are
white, 3 balls are drawn at random. Find the probability the i) all the balls are blue ii)
none of the ball is blue.
7. What is meant by skewness in a frequency distribution? Explain.
8. Using three yearly moving averages compute the trend values and short term
fluctuations for the following data.
Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Production
‘000 tonnes 21 22 23 25 24 22 25 27 27 26
9. What is SPSS? Compare the software with MSExcel?
10. Discuss the steps involved in the construction of index numbers.
Class Interval 0‐10 10‐20 20‐30 30‐40 40‐50
Frequency 3 ? 20 12 ?
2
SECTION –B
III ) Answer any THREE questions. Each carries 15 Marks (3×15=45)
11. A) Calculate the coefficient of skewness from the following data:
Marks in a test out of 50 in English : 10, 12, 12, 12, 15, 20, 25, 26, 28, 30
b) Calculate Spearman’s rank correlation coefficient for the following data:
x 35 37 38 42 44 46 51 54 55 56
y 40 32 39 42 41 31 50 52 46 55
(8 +7)
12. a) From the following data find the standard deviation and coefficient of variation using
short cut method.
b)The personal department of a company has records which show the following analysis
of its 200 engineers. If one engineer is selected at random from company, find:
i) The probability that he has only a bachelor’s degree.
ii) The probability that he has a master’s degree, given that he is over 40.
iii) The probability that he is under 30, given that he has only a bachelor’s degree.
Age Bachelor’s
degree only
Master’s
degree
Total
Under 30 90 10 100
30 to 40 20 30 50
Over 40 40 10 50
Total 150 50 200
(10 + 5)
13. a) A decision problem has been expressed in the following pay off table. What will be the
manager’s decision if he has:
i) Maxi‐Max Criterion
ii) Maxi‐Min Criterion
iii) Mini‐Max Regret Criterion
iv) Hurwicz criterion if coefficient α=0.7
iv) Laplace Criterion
States
Of
Nature
Alternatives
A1 A2 A3
S1 2000 2800 1600
S2 2500 1200 1500
S3 1500 1800 1100
x 0‐10 10‐20 20‐30 30‐40 40‐50 50‐60
f 110 80 45 40 30 25
3
b) You are given the following information about advertising expenditure and sales:
i) Obtain the two regression equations.
ii) Find the likely sales when advertising budget Rs.13 lakh
iii) What should be the advertising budget if the company wants to attain sales target of
Rs.105 lakhs.
(7+8)
14. a) The probability that a person aged 60 years will live upto 70 is 0.65. Using binomial
distribution find the probability that out of 10 persons aged 60 atleast 8 of them will live
upto 70.
b) The number of accidents in a year to taxi drivers in a city follows a Poisson distribution
with mean 3. Out of 1000 taxi drivers find approximately the number of drivers with i) no
accidents in a year ii) more than 3 accidents in a year.
c)In a test on electric bulbs, it was found that the life time of a particular job was
distributed normally with an average life of 2000 hrs and standard deviation of 60 hours.
If a firm purchases 2500 bulbs find the number of bulbs that are likely to last for i) more
than 2100 hrs ii) between 1900 to 2100 hrs.
(5+5+5)
15. Calculate the following price index numbers for the data given below
i) Laspeyer’s ii) Paasche’s iii) Dorbish and Bowley’s iv) Fisher’s
v) Walsh Formula
Commodity Base Year Current Year
Price Quantity Price Quantity
A 6 50 10 56
B 2 100 2 120
C 4 60 6 60
D 10 30 12 24
E 8 40 12 36
Advertisement(x)
Rs. In Lakhs
Sales (y)
Rs. In Lakhs
Arithmetic
Mean 10 90
Standard
Deviation 3 12
Correlation
coefficient R=0.85
4
SECTION –C
IV) Case Study ‐ Compulsory Question. (1×20=20)
16. A) In a bolt factory there are four machines A, B, C and D manufacturing respectively
20%, 15%, 25%, 40% of the total production. Out of these 5%, 4%, 3%, 2% are defective.
If a bolt drawn at random was found defective, What is the probability that it was
manufactured by A or D?
b) A toy manufacturer is considering manufacturing a dancing ballerina doll with three
different movement design. One of the following demand events can occur with the
given probabilities:
Demand
(units) Probability
Light demand 25,000 0.10
Moderate demand 1,00,000 0.70
Heavy demand 1,50,000 0.20
The pay off table for the above project is given below. Find EMV and EOL. Which is the
optimum design?
Demand
Strategies
S1
Design1
S2
Design 2
S3
Design 3
Light (25,000) 25,000 ‐10,000 ‐1,25,000
Moderate (1,00,000) ‐1,00,000 4,40,000 3,00,000
High (1,50,000) 6,50,000 7,40,000 7,50,000
Also calculate EPPI and EVPI.
c) Draw a decision tree for the above pay off table.
(7+8+5)

St. Joseph’s College of Commerce M.Com. 2013 I sem Organization Behaviour Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
ORGANIZATION BEHAVIOUR
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer ANY SEVEN out of the following ten. (7×5=35)
1. Define Power. Explain the four bases of position power.
2. Explain “Big five dimensions of Personality”.
3. Differentiate between “Groups” and “Teams”.
4. Explain the three components of Attitude.
5. Explain the various “styles” of Leadership.
6. What do you mean by Learning Organizations? What is the need for Organization
Learning ?
7. Explain the ‘types” and “significance” of Values.
8. Explain the three types of organization structure.
9. What are the benefits of a Good Organization.?
10. Explain with the help of a diagram, Mc. Gregors Theory X and Theory Y.
SECTION – B
II) Answer ANY THREE out of the following five questions. (3×15=45)
11. What are the characteristics of an efficient Leader ? Explain the Behaviour Theory of
Leadership.
12. Explain the types of Organization Change. What are the reasons for organization
change? Why people resist change?
13. “Formation of groups is necessary as man is basically a social being’. Comment and
explain. Also explain the “Vroom-Yetton Model’.
14. (i) what is work place politics ? Explain the reasons for the same.
(ii) Give the meaning of Conflict. Explain the “Skills’ required for Conflict
Management.
15. Define “Team”. Explain the significance of Team Building. Also explain the process of
Team Formation with the help of adiagram.
2
SECTION – C
III) COMPULSORY CASE STUDY (20marks)
16.
Hindustan Lever Research Centre (HLRC) was set up in the year 1967 at Mumbai.
At that time the primary challenge was to find suitable alternatives to the edible oils and
fatsthat were being used as raw materials for soaps. Later, import substitution
and export obligations directed the focus towards non-edible
oil seeds, infant foods, perfumery chemicals, fine chemicals, polymers and nickel
catalyst. This facilitated creation of new brands which helped build new businesses.HUL
believes in meritocracy and has a comprehensive performance management system, which
ensures that people are rewarded according to their performance and abilities.
Almost 47% of the entire managerial cadres are people who have joined
through lateral recruitment. Ove r the years many break through innovations
have taken place. Hindustan Lever Research
gained eminence within Unilever Global R&D and became recognized as one of
the six global R&D Centers of Unilever with the creation of Unilever Research Indiain
Bangalore in 1997.A t Banga lor e R&D cent e r , a t e am of 10 sc i ent i s t s we r e
appoint ed for a proj e c t on ‘shampoo’ line. Suranjan Sircar heading the team as
Principal Research Scientist with the
support of Vikas Pawar, Aparna Damle, Jaideep Chatterjee, Amitava Pra
manik asResearch Scientists. Suresh Jayaraman & Punam Bandyopadhya
y we r e Re s e ar chAssociates. Vikas Pawar came up with an idea of pet shampoos during
brainstorming with the team.“Hey, why don’t we target the pet care segment because
in India, pet industry is being seriously looked at as a growing industry. I had
been working on this concept for a few weeks & have done some initial research
as well”, said Vikas. “I think we should just focus on the dog segment &
bring out a range of shampoos that are breed specific ,contributed by
AparnaDamle, who was a new unmarried scientist in the company. “Oh
that’s a really great idea, a breakthrough” said Jaideep &Amitava appreciating
Aparna. The idea given by Aparna got support from both colleagues & head. Vikas was
although not comfortable with his credit being taken away. He also felt that
creating brand specific shampoos would not be a profitable innovation thus, no
point concentrating efforts on that. With this in mind he put his point forward
but couldn’t gather consensus. After the discussion, Jaideep &Amitava being friends to
Vikas, consoled him & showed confidence in his plan & thoughts. “We understand what you
are going through. The idea was yours & Aparna took all your credit. Don’t worry we are
with you & be careful from next time.
Nevertheless, in the meeting Aparna presented her proposal for
the ide a ment ioning requirements & chemical details. The meeting began with
motivational speech & plan of action by the head of the team. A lot was discussed in detail &
tasks were allotted alongwith deadlines.Immediately after the presentation Jaideep
&Amitava approached Aparna& eulogized her research & proposal reiterating the
importance of breed specific range of shampoos. V ikas lay as ide hi s ego & went
3
ahead with full dedication & commitment, however during the tenure of
the research he noticed poor attitude of team members. Punam was not regular
with deadlines; she submitted her research on breeds four days after deadline. Suresh was
asked to coordinate with members looking into chemical research but Vikas observed him
most of the times in the recreation room, so he asked him “Hi, so what’s the
progress in chemical research so far?” Suresh replied that he had done whatever
he was asked to do by senior scientist. He reported this lack of commitment & proactive
attitude to Suranjan Sircir & asked for an action against them. “Hmm… I know what’s
happening in the team. I have worked for 20 years in this industry & from my
experience I know what to do & when to do”, he retorted back. Finally the project
got completed 4 months after deadline. Vikas went back to the lab; sitting &
wondering at the flaws in the group.
Questions:
Q1 Analyse the group behaviour of the team. Study the informal & formal groups in this
case.
Q2 Point out flaws in the group & recommend solutions to overcome them.

St. Joseph’s College of Commerce M.Com. 2013 I sem International Financial Institutions & Markets Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
INTERNATIONAL FINANCIAL INSTITUTIONS & MARKETS
Time: 3 hrs Max. Marks:100
SECTION – A
I) Answer any SEVEN of the following questions. (7×5=35)
1. “IMF plays an important role in International Trade & Financial
Management”-in this context explain the functions of IMF
2. How are forward contracts different from Future contracts?
3. Explain: a) Types of swaps b) FRA c) Netting of Derivatives
4. Bring out the functions of financial markets.
5. Write short Notes on LOC
6. Explain Translation exposure, Transaction exposure & Economic exposure
7. A U.S investor obtains British Pounds when it is $1.50.and invests in one
year money market security that provides a yield of 5%. At the end of one
year the investor converts the proceeds back to $ @ $1.52/pound.
Calculate the Effective rate
8. “Money market have a variety of instruments”.- Elucidate
9. Explain recent measures taken by RBI to control the falling value of Rupee.
10. Find out if there is a scope for Covered Interest Arbitrage and gain/ loss if
any from the following details.
Spot rate- Chinese Yuan 6.00/$, 6 months forward rate-Chinese Yuan
6.0020/$,
6 months interest rate in U S – 5%, China – 8 %. If transaction involves $
1,000 due 6 months hence.
SECTION – B
II) Answer ANY THREE of the following (3×15=45)
11. Mr Peter, 75 years old senior citizen is currently unable to meet his
financial needs, However he owns a Residential property worth $ 1,00,000
. He is contemplating to sell the same, however he seeks your opinion to
determine whether he has any other alternative. What would be your
suggestion, explain in detail.
12. How do International Financial Institutions manage Credit Risk?
13. a) On Monday Morning an investor takes a Long position in a £ future
contract that measures on Wednesday afternoon. The strike Price is $1.70
for £ 62,000. At the close of the trading Future Prices are:
2
MONDAY 1.72$
TUESDAY 1.73$
WEDNESDAY 1.71$
Determine the daily position of the investor and Net profit or Loss incurred
on settlement.
b) A hedger takes a put option in 5 Treasury Bonds future contracts at a
strike price of 98-5. Each contract is for $1,00,000 principal. When the position
is closed the price is 95-12. What is the gain or loss?
c) Suppose you buy a call option on a $ 1,00,000 TB future contract with an
exercise price of 110 for a premium of $1500. If on expiration the price is 111.
What is your profit or loss. Would you exercise your option? What is the gain
or loss of the writer after your decision?
14. Write Notes on GDR including its issue process. How are ADR different
from them.
15. You have called your foreign exchange trader and asked for quotations on
the spot, one month, three months and six months. The trader has
responded
with the following:- $0.02479/81 3/5 8/7 13/10
a. What does it mean in terms of dollars per Philippine peso
b. If you wish to buy spot Philippine peso how much would you pay in
dollars
c. If you wish to buy spot, one, three, six months dollars, how much
would you have to pay in Philippine peso
d. What is the premium /discount in one, three and six months forward
rate in annual percentage assuming you are buying Philippine peso
e. If Rs. 59.72/ $ , how much is one Philippine peso
SECTION – D
III) Case study – Compulsory question. (20 marks)
16. Amex Cards Co. are planning to acquire a New independent Office at
Mumbai for which it requires Capital and is planning to Mortgage its
future Cash Flows from its Credit Card payments in the form of securities.
In the light of this explain Securitisation.

St. Joseph’s College of Commerce M.Com. 2013 I sem Information Technology For Business Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
INFORMATION TECHNOLOGY FOR BUSINESS
Duration: 3 hours Max. Marks: 100
SECTION – A
I .Answer ANY SEVEN from the following questions. (7×5=35)
1. Explain the need for Management Information Systems in business
organization?
2. “E-Commerce has changed the way the business is being carried on.”Explain
impact of ecommerce on business?
3. Explain the components of DSS?
4. What is data dictionary with regard to data warehouse? What is its role?
5. Give a comparative study between data, information, knowledge and
intelligence?
6. Explain ISDN?
7. What is the function of Office Automation System?
8. How important is informal information system in system analysis?
9. Explain the concept of VPN?
10. What is a server machine? Explain client server architecture?
SECTION – B
II. Answer ANY THREE questions from the following: (3×15=45)
11. Explain the following:
Financial Information System
Marketing Information System
Manufacturing Information system
12. Explain the concept of EDI architecture? Describe EDI components.
13. Explain Transaction Processing System with a neat diagram.
14. Explain any three internet security techniques?
15. What is the difference between a database and DBMS? For what reasons do
organizations choose to have DBMS? What the limitations are of file
oriented environment?
2
SECTION – C
III) Compulsory Question. (1×15=15)
Pepsi Cola Co: Web Marketing Strategies
Would you shop for a soft drink online? We feel , frozen food has more Epotential.
But soft drinks? So, why is Pepsi Cola Co. trying so hard online?
Pepsi has a range of programs on the virtual air, from music sites to banner ads
to internet sweepstakes. Though only 3% of its estimated $400 million, soft drink
ad budget goes online, that belies the emphasis the company places on the
web.”This medium is here to stay, and we buy that, “says John Vail, director of
Marketing and Digital media for Pepsi Cola.
One reason: Despite the difficulties in measuring online ad performance, Pepsi
has crafted deals that already show benefits. In a barter arrangement with Yahoo!
Inc. this summer, Pepsi plastered the portal’s logo on 1.5 billion cans. In return,
Yahoo took the cola company’s already established loyalty program, Pepsi Stuff,
to new heights. It let consumers to collect points from bottle caps. The points
were redeemable on the Web site for prizes-everything from electronic goods to
concert tickets.
Three million consumers logged on and registered at the Pepsi Stuff site, giving
the cola company detailed consumer data that normally must be paid for in
market research. Information that once took months to obtain could now be in
days. So they got the real time data. Sales volume rose 5% during the online
promotion and the cost was about one-fifth what it had been as a mail-in project.
The Web is the medium of choice for Pepsi’s prime demographic audience. For
Pepsi knows that it’s E-commerce marketing strategies are work in progress. On
February 28, 1996 the company launched Pepsi World, a Web site of sponsored
content to attract the youthful consumer. Sports and music news was mixed with
online games and animation. But traffic numbers that Pepsi hadn’t reached its
target. By 1997, Vail revamped the site. Going forward, Pepsi plans to expand on
its web site-centric E-Commerce marketing efforts. Although banner ads and
other more traditional ad buys have had some success, it’s creation of engaging
Pepsi Web sites that has given the brand the most traction online.
Questions:
1. What are the major business benefits of Pepsi’s online marketing efforts?
2. Do you approve of Pepsi’s E-Commerce marketing strategy? Why or why
not?

St. Joseph’s College of Commerce M.Com. 2013 I sem Business Perspectives Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
BUSINESS PERSPECTIVES
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer SEVEN questions out of Ten. ( 7 x 5 = 35)
1. How does business of today different from that of four to five decades ago?
2. What are the essential factors that influence good corporate governance? Discuss the
factors that influence corporate governance.
3. Explain the concept GDP? State the difference between normal and real GDP. What is
the role of GDP inflator?
4. Discuss what money supply is. What are SLR and CRR? How does it affect the
supply of money and credit?
5. What are Public Sector Enterprises? State the objectives of PSEs. What are its
advantages?
6. Write an account on the symptoms of financial bankruptcy and the role of BIFR.
7. State the reasons for regional imbalances. What are the factors that are used to
measure backwardness of a state?
8. What is meant by technology transfer? What are the different levels of technology
transfer?
9. Briefly explain the instruments of fiscal policy.
10. What are the advantages and disadvantages of globalization?
SECTION – B
II) Answer any THREE questions out of Five. (3 x 15 = 45)
11. Discuss the objectives of business? Elucidate on Business and Environment Interface.
12. Elucidate the concepts of national income and its measurement. Highlight the
significance of national income estimate. What are the difficulties faced in the
measurement of national income?
2
13. Explain industrial sickness. What are the symptoms of industrial sickness? What are
the reasons for industrial sickness? Discuss the consequences and remedial
measures suggested to overcome sickness.
14. Discuss the various factors associated with environmental cost audit.
15. Elucidate the impact of monetary policy on business. What are the instruments of
monetary policy?
SECTION – C
III) Compulsory Case study (1 x 20 = 20)
16.
Software Revolution
Software Revolution has surpassed all other revolutions by playing a cardinal role in
almost every branch of human activity viz., education, health care, services, the
railways, the civil aviation, banking, insurance, manufacturing, government, media,
entertainment, defense services and a wide range of other sectors. History has been
witness to a revolution that has transformed human revolution, which has transformed
human life and its day-to-day activities beyond description. Several global players have
made it possible for us to become a part of this global village. The fact that India is
making this digital revolution happen, must make every Indian proud of his country,
its great reservoir of talent and the quality leadership endowed with a futuristic vision.
Not to be left behind at any cost in the crazy race for a place of pride in “Global village”,
India too had put in efforts to reach the front line in information technology. Software
technology parks and cyber towers dot the landscape in Thiruvananthapuram,
Bangalore, Chennai, Hyderabad and other cities. The “in thing” now is, digitization of
information which has changed the way we work, play, communicate and live. Once
information is digital it can be shared, duplicated, transferred and edited with ease and
it is synergy that would revolutionize every sector of the economy.
India has done very well in the field of software exports as well as export of IT enabled
services to all rich countries including USA, UK, Germany, Japan etc,- the records are
enviable. The entire world is now moving towards E-commerce, and E-business. By
3
2008 India would contribute nearly 4% to 5% of the total E-commerce business – says
Mr. Jayakrishna, Secretary, Union Dept. of IT. It is now 10 years since Microsoft has
been operating in India. Its CEO Mr. Gates visited India first in 1997 and made his
second visit in Sept. 2000; many changes had been noticed within a span of three years.
Gate has hailed India as an IT super power and was all praise for the high quality of
skills of India’s software professionals. He said the key is the quality of the human
talent, here. When people do software projects in India, they do so because this is the
place where they can find people with the latest skills. For the Microsoft R&D centre in
Hyderabad, Mr. Gates announced an additional 55 million dollar over the next three
years to enhance the capacity and drive.
On September 14, 2000, the Bangalore based Infosys technology and Microsoft entered
into a strategic global alliance for developing business solutions in areas of customer
relations management, e-commerce, financial services and insurance. The two
companies would also undertake joint marketing and account planning. Microsoft and
Wipro have also decided to strengthen their ties through collaborative approach by
which Wipro can implement Microsoft platform based e-commerce projects. They could
also work together on expanding opportunities in the Indian markets with the Indian
firm emerging as the largest systems integrator in the country.
Questions:
1. How is India involved in Digital revolution? Why do large MNCs choose India?
2. Comment on the changing trends in the Indian business environment?
3. How is India going to benefit from international trade agreements?

St. Joseph’s College of Commerce M.Com. 2013 I sem Advanced Corporate Accounting Question Paper PDF Download

by

1
ST. JOSEPH’S COLLEGE OF COMMERCE(AUTONOMOUS)
END SEMESTER EXAMINATIONS – OCTOBER 2013
M.COM – I SEMESTER
ADVANCED CORPORATE ACCOUNTING
Duration: 3 hrs Max. Marks: 100
Section – A
I) Answer any SEVEN questions. Each question carries 5 marks (7 x 5 =35)
1) What is Reverse merger? What is demerger?
2) What is Human Resource Accounting? What are the benefits of Environmental
Accounting?
3) Who are dissenting shareholders? Mention the accounting treatment.
4) It has been said that a company’s productivity is best measured in terms of ‘Value
Added Statement’. Comment.
5) Explain the general principles of government accounting. Also explain the role of
Comptroller and Auditor‐General of India.
6) Explain the following with suitable examples:
(a) Minority interest
(b) Chain‐holdings
7) “Accounting standards aim to protect users of financial reports by providing reliable
and comparable financial statement”. Do you agree with this statement? Give
reasons.
8) What is the need for preparation of consolidated financial statements? What are the
rules for the preparation of consolidated Balance Sheet?
9) What are the objectives of Share Buy Back? Briefly explain the conditions of Buy Back
10) On the eve of the absorption of A Ltd. by B Ltd. following summarized details are
given
A Ltd B Ltd.
Net Assets 33,30,000 41,25,000
Number of equity shares of Rs. 200 each 9,000 15,000
Reserves 15,30,000 11,25,000
Terms of absorption proposed as follows:
The holders of every three shares in A Ltd. were to receive four shares in B Ltd. plus as
much cash as is necessary to adjust the rights of shareholders of both the companies in
accordance with intrinsic value of their respective shares. You are required to compute
the purchase consideration.
SECTION – B
II) Answer any THREE questions. Each question carries 15 marks (3 x 15 = 45)
11) Enumerate the distinguishing features of ‘pooling of interest method’ and ‘purchase
method’ of accounting for amalgamation.
2
12) What do you understand by segment reporting? What are the problems associated
with segment reporting?
13) The following information is available of a concern; calculate EVA
Equity capital : Rs. 500 crores
Debt capital (12%) Rs. 2000 crores
Reserves and surplus: Rs. 7,500 crores
Capital employed : Rs. 10,000 crores
Risk‐free rate: 9%
Beta factor : 1.05
Market rate of return: 19%
Equity (Market) risk premium : 10%
Operating profit after tax : Rs. 2,100 crores
Tax rate : 30%
14) Blue Ltd. and Star Ltd. were amalgamated on and from 1st April, 2012. A new
company called Yellow Star Ltd was formed to take over the business of the above
said companies. The balance sheets of Blue Ltd. and Star Ltd. as on 31st March, 2012
are given hereunder: (Rs. in Lakhs)
Blue Ltd Star Ltd
Liabilities:
Equity shares of RS. 100 each
2,000
1,600
15% Preference shares of Rs. 100 each 800 600
Revaluation Reserve 200 160
General Reserve 400 300
P&L A/c 160 120
12% Debentures of Rs. 100 each 192 160
Current liabilities 408 190
Total 4,160 3,130
Assets:
Fixed assets
2,400
2,000
Current assets loans and advances 1,760 1,130
Total 4,160 3,130
Additional information:
(i) Preference shareholders of Blue Ltd. and Star Ltd. have received same number of
15% preference shares of Rs. 100 each in the new company.
(ii) 12% debentures of Blue Ltd. and Star Ltd. are discharged by the new company by
issuing adequate number of 16% debentures of Rs. 100 each to ensure that they
continue to receive the same amount of interest.
(iii) Yellow Star Ltd. has issued 1.5 equity shares for each equity share of Blue Ltd.
and 1 equity share for each equity share of Star Ltd.
(iv) The face value of shares issued by Yellow Star Ltd. is Rs. 100 each
3
You are required to prepare the Balance Sheet of Yellow Star Ltd. as on 1st April 2012 after the
amalgamation has been carried out using the ‘Pooling of interest method’.
15) The Balance Sheet of H Ltd. and V Ltd., as on 31.3.2012 are as follows:
Liabilities H Ltd. Rs. V Ltd. Rs. Assets H Ltd. Rs. V Ltd. Rs.
Equity share of Rs. 10 each 10,00,000 3,00,000 Goodwill 50,000 25,000
9% Preference shares of
Rs.100 each
1,00,000 __ Building 3,00,000 1,00,000
10% Preference shares of Rs.
100 each
_____ 1,00,000 Machinery 5,00,000 1,50,000
General Reserve 1,00,000 80,000 Stock 2,50,000 1,75,000
Retirement Gratuity fund 50,000 20,000 Debtors 2,00,000 1,00,000
Sundry Creditors 1,30,000 80,000 Cash at Bank 50,000 20,000
Preliminary
expenses
30,000 10,000
Total 13,80,000 5,80,000 Total 13,80,000 5,80,000
H Ltd. absorbs V Ltd. on the following terms:
(i) 10% Preference shareholders are to be paid at 10% premium by issue of 9%
Preference Share of H Ltd.
(ii) Goodwill of V Ltd. is valued at Rs. 50,000, Buildings are valued at Rs. 1,50,000 and
the Machinery at Rs. 1,60,000.
(iii) Stock to be taken over at 10% less value and Reserve for Bad and Doubtful Debts to
be created @7.5%
(iv) Equity shareholders of V Ltd. will be issued equity shares @5% Premium
Prepare necessary ledger accounts to close the books of V Ltd. and prepare the Balance
Sheet after absorption as at 31.03.2012
SECTION – C
III) Compulsory question (20 marks)
16.
The following is the Balance Sheet of H Ltd. and its subsidiary S Ltd. as on 31/03/2013
Liabilities H Ltd S Ltd Assets H Ltd S Ltd
Share capital:
Equity shares of Rs. 10
each
6% Preference shares
of Rs. 10 each
6,00,000
______
2,00,000
1,60,000
Fixed Assets 5,00,000 4,40,000
General Reserve 1,00,000 80,000 15,000 Equity shares
in S Ltd
3,30,000
P&L A/C 2,00,000 90,000 1,200 Preference
shares in S Ltd
1,20,000
6% Debentures of Rs.
10 each
____ 40,000 1,000, 6% Debentures
in S Ltd.
10,000
Proposed dividend: Current Assets 2,94,000 2,87,000
4
On Equity shares
On Preference shares
60,000
____
20,000
9,600
Debenture interest
accrued
____ 2,400
Sundry Creditors 2,94,000 1,25,000
Total 12,54,000 7,27,000 Total 12,54,000 7,27,000
Other information is as under:
(i) The general reserve of S ltd as on 31.03.2012 was Rs. 80,000.
(ii) H Ltd. acquired the shares in S Ltd. on 31.03.2012
(iii) The balance of P&L A/c of S Ltd. is made up as follows:
Balance as on 31.03.2012 ‐ Rs. 56,000
Net profit for the year ended 31.03.2013 – Rs. 63,600
Rs. 1,19,600
Less: Provision for proposed dividend Rs. 29,600
Rs. 90,000
(iv) The balance of P&L A/c of S Ltd. as on 31.03.2012 is after providing for preference
dividend of Rs. 9,600 and proposed equity dividend of Rs. 10,000 both of which were
subsequently paid and credited to P&L A/c H Ltd.
(v) No entries have been made in the books of H Ltd. for debenture interest due from or
proposed dividend of S ltd. for the year ended on 31.03.2013
(vi) S Ltd. has issued fully paid bonus shares of Rs. 40,000 on 31.03.2013 among the
existing shareholders by drawing upon the general reserve. The transaction has not
been given effect to in the books of S Ltd.
You are required to prepare the consolidated Balance Sheet of H Ltd. with its subsidiary S
Ltd. as on 31.03.2013

St. Joseph’s College of Commerce IV Sem Securities Analysis And Portfolio Management Question Paper PDF Download

by

St. Joseph’s College of Commerce (Autonomous)

End Semester Examination- MARCH / April 2014

MIB – IV Semester

 SECURITIES ANALYSIS AND PORTFOLIO MANAGEMENT

Duration:  3 Hours                                                                                      Max. Marks: 100

Section – A

  1. Answer any SEVEN questions out of TEN. Each carries 5 marks.         (7 x 5  = 35)
  2. Many people advocate mutual funds for small investors. They suggest that the best strategy for small investors is to buy shares in a good mutual fund and put them away. What do you think of this advice.
  3. Assume that a group of securities has the following characteristics : a) the standard deviation of each security is equal to σA and b) covariance of returns σAB is equal for each pair of securities in the group. What is the portfolio variance for a portfolio containing four securities which are equally weighted?
  4. “Investing in levered companies is profitable during the boom period and voiding it during recession is more wise”- Elucidate.
  5. What is listing? Why do companies get their shares listed on the stock exchange?
  6. Explain the assumptions of CAPM.
  7. Pearl and Diamond are the two mutual funds. Pearl has a mean success of 0.15 and Diamond has 0.22. The Diamond has double the beta of pearl fund’s 1.5. the Standard deviations of Pearl and Diamond funds are 15% and 21.43%. The mean return of market index is 12% and its standard deviation is 7. The risk rate is 8%.
  8. Compute the Jensen Index for each fund.
  9. Compute the Treynor and Sharpe indices for the funds. Interpret the results.
  10. The market price of a Rs. 1,000 par value bond carrying a coupon rate of 14 percent and maturing after five years is Rs 1050. What is the yield to maturity (YTM) on this bond? What is the approximate YTM? What will be the realized yield to maturity if the reinvestment rate is 12 percent?
  11. Discuss the forces that drive competition and influence profit potential for industries according to Michael porter.
  12. Explain the nature of a risk-return indifference curve.
  13. Briefly explain the risks involved in construction of portfolio as per Sharpe’s Single Index model.

Section – B

  1. Answer any THREE out of FIVE   Each carries 15 marks.  (3x 15 = 45)

                                                                 

                                                                                                                                     (7+8)

  1. (a) What is the significance of Economic Analysis in making Investment decision.

(b) An investor has a choice of four stocks for investment. Their rates of return and probabilities are given below:

A B C D
r P% r P% r P% r P%
-30 20 -20 15 -20 20 -10 10
0 40 0 35 10 40 0 25
30 30 20 45 40 30 10 40
70 10 40 5 80 10 20 25

 

  1. Are all these stocks attractive investments? Give reasons.
  2. Of those that are attractive, how should the investor choose one to buy?

(8+7)                                                                                                                                                                                                                                                                                                                                                                                      (8+7)

  1. (a) The following details are given for X and Y companies stocks and the Bombay Sensex for a period of one year. Calculate the systematic and unsystematic risk for the companies stocks. If equal amount of money is allocated for the stocks what would be the portfolio risk?
  X stock Y stock Sensex
Average return 0.15 0.25 0.06
Variance of return 6.30 5.86 2.25
β 0.71 0.27  
Correlation co-efficient 0.424    
Co-efficient of determination (r2) 0.18    

 

(b) The returns of two assets under four possible states of nature are given below:

State of nature Probability Return on asset 1 Return on asset 2
1 0.10 5% 0%
2 0.30 10% 8%
3 0.50 15% 18%
4 0.10 20% 26%
  1. What is the standard deviation of the return on Asset 1 & Asset 2?
  2. What is the covariance between the returns on assets 1 and 2?
  • What is the coefficient of correlation between the returns on assets 1 and 2?

(8+7)

13 (a) The following information is available on a bond:

Face value: Rs.100

Coupon rate: 12 percent payable annually

Years to maturity:6

Current market price: Rs 110

What is the duration of the bond? Use the approximate formula for calculating     the yield to maturity.

(b) Discuss the arbitrage pricing theory.

 

  1. Explain the Black and Scholes model and its underlying assumptions. (15 marks)

 

(7+8)

  1. (a) What do SML and CML represent?

(b) Estimate the stock return by using the CAPM model and arbitrage model. The particulars are given below:

  • The expected return of the market is 15% and the equity’s beta is 1.2. The risk free rate of interest is 8 percent.

 

  • Factor Market price of Risk                        Sensitivity Index

Inflation                                 6%                                           1.1

Industrial Production          2%                                           0.8

Risk premium                      3%                                           1.0

Interest rate                           4%                                           -0.9

What explanations can you offer to explain the difference in two estimates?

 

(7+8)

  1. (a) “The technical analysts studies the behavior of the price of the stock to determine the future price of the stock”. Discuss.

 

(b) Anand is considering the purchase of three securities A, B and C for the next year. The returns of the securities depend on next year’s state of the stock market. The estimated rates of return are shown in the table.

State of market Probability of Occurrence Rates of return of securities
    A B c
Recession 0.25 10% 9% 14%
Average 0.50 14% 13% 12%
Boom 0.25 16% 18% 10%

 

  1. Find each stock’s expected rate of return standard deviation and co-efficient of variation.
  2. Apply mean, variance criterion to the alternative investments.
  • If Anand invest one third on each security what would be his portfolio return?
  1. What are the covariances between security A and B, B and C and A and C?

 

Section – C

  • Compulsory Question                                                                        (1 x 20 = 20)

 

(15+5)

  1. a)The rates of return on Stock A and market portfolio for 15 periods are given below:

 

 

Period

 Return on stock A (%) Return of market portfolio (%)  

Period

 Return on stock A (%) Return of market portfolio (%)
1 24 7 9 -8 1
2 13 14 10 13 12
3 17 13 11 14 -11
4 15 9 12 -15 16
5 14 10 13 25 8
6 18 13 14 9 7
7 16 14 15 -9 10
8 6 7      

 

  1. What is the beta for stock A?
  2. What is the characteristic line for stock A?

 

(b) Write a note on Portfolio Revision strategies.

 

 

 

St. Joseph’s College of Commerce IV Sem Project Management Question Paper PDF Download

by

St. Joseph’s College of Commerce (Autonomous)

End Semester Examination- April 2014

MIB – IV Semester

  PROJECT MANAGEMENT

Duration: 3 Hrs.                                                                                        Max. Marks: 80

Note – Your Answers should be brief & related to the Marks allotted

 

SECTION – A

  1. Answer any Four Each carries 5 marks.               (4×5=20)

 

  • Explain either CBPI or FFA with an example.
  • Explain either IRM or MAM with an example.
  • Explain the Principle behind the Kaviat Digram.
  • Choose any two Project Management Process Steps & explain how conflicts are resolved between the two groups.
  • What do you understand by the term “ Global Delivery Model “ ?

 

SECTION – B

 

  1. Attempt any Two of the following, with details of a Practical Project you are referring to:                                                                   ( 30 Marks )

 

  • Expand “ DMAIS “ & explain each of the Five stages with a Practical example.
  • Explain with a Tabulated Diagram a typical Indication of Involvement of Groups at different Stages of a Project.
  • Explain with the help of a table, the Skills required & Activities performed at different stages of a Project.

 

SECTION – C

 

  • CASE STUDY – Attempt any Five of the following:   ( 30 Marks )

 

A Major project ( choose either a Satellite Town or a Technology Park ) has stopped half-way through its Progress due to Inefficiency of its Promoters & Lack of Funds.  The Progress is unfortunately not in Phases or Milestones but just in bits & pieces within many of the stages.

 

Analyse & recommend the Revival Steps for the Project through any Five of the following Methods:.

 

  • Review of Project Scope & Features
  • Review of Milestone Budgets ( any two Milestones )
  • Five Steps for Mitigation of Risks
  • Review of DMAIS & Identification of any Five Failures
  • Review of Conflicts through FFA
  • Improvements in the KAVIAT Diagram

 

St. Joseph’s College of Commerce IV Sem International Operations, Logistics And Scm (Iol&Scm) Question Paper PDF Download

by

St. Joseph’s College of Commerce (Autonomous)

End Semester Examination- APRIL 2014

MIB – IV Semester

 INTERNATIONAL OPERATIONS, LOGISTICS AND SCM

(IOL&SCM)

Duration: 3 Hrs                                                                                      Max. Marks: 100

SECTION – A

 

I) Answer any SEVEN questions.  Each carries 5 marks.                       (7 x 5 = 35)

 

  • What are the factors that determine EOQ?

 

  • What do you understand by Vertical & Horizontal Relationships in Logistics?

 

  • What are the Risks, which necessitate Insurance as an essential Component of Logistics? What are the different types of marine policy options available?

 

  • Outline the Role of Freight Forwarders.

 

  • Explain the difference between Charter Shipping & Liner Shipping?

 

  • How does Optimised Logistics help in effective Management of Inventory?

 

  • Derive the Contrast between Systemic control of PDM & monitoring of PDM.

 

  • Explain the roles of ICD and CFS in international logistics?

 

  • What do you understand by Intermodal Transportation?

 

  • Explain the importance of a good Material Handling System.

 

 SECTION – B

  1. II) Answer any THREE Each carries 15 marks.      (3×15=45)

 

  • Describe the evolution of logistics between 1960, 1980 and 2000.

 

  • Outline in detail with practical examples from a typical industry like automotive/electronics/processed-food (choose any one industry), how Inputs, Activities & Outputs can never be isolated, but have to be closely integrated.

 

  • Explain the concept of 3PL with a practical example. How does it differ from 4PL?

 

  • What the role of warehouses in the logistics process? Explain few critical factors to be considered while deciding on warehouses.

 

  • List out and discuss the emerging trends that will impact the future of international logistics.

 

SECTION – C

III) Compulsory Case study                                                                           (1×20=20)

Sport Shoes, Inc.

Sport Shoes, Inc. (SS) is a well-established U.S. Sport shoe retailer. It sells a complete line of tennis shoes for all major sports as well as a top-of-the-line sport shoe that has become a fashion symbol with young professionals.

All of SS shoes are manufactured in the Pacific Rim and are transported to the United States in containers by water carriers. The containers arrive at the port of Long Beach, where they are transferred to a stack train for movement to its distribution centre in Indianapolis, Indiana. From its distribution centre in Indianapolis, SS despatches direct to ots 250 stores in the United States and 60 stores in Mexico. The total cycle time from Pacific Rim manufacturers to U.S. Stores is four weeks, and to Mexican stores it is seven weeks.

SS has been doing business in Mexico since 1990. It started with three stores and has expanded the business to a current total of sixty stores in Mexico’s Golden Triangle. The Golden Triangle is the region bounded by Mexico City, Guadalajara, and Monterrey. This area contains over half of Mexico’s population.

The logistics of shoes in Mexico reached a critical stage during the period of 2000 to 2001. Considerable growth in the Mexican economy, coupled with the increased importation of U.S. Goods, caused an explosion in demand for SS sport shoes. As SS increased the number of retail outlets in Mexico, it continued to logistically support these stores from its Indianapolis distribution centre. With the increased flow of goods into Mexico from the United States, the congestion at the border crossing points created longer cycle times and increases stock outs.

The growth in the Mexican economy was not matched by an equal growth in its logistics infrastructure. The border crossing points became very congested, with two to three days being the normal customs clearance time during peak periods. The Mexican highway systems  consists of dirt roads (about 55%) and secondary roads (about 25%). The Mexican trucking system is dominated by many small, local companies. No U.S. Trucking companies operate in Mexico, because Mexican law prohibits foreign ownership of Mexican trucking companies, and this has helped. In the near future, NAFTA will permit 100% ownership by foreign investors of Mexican Trucking companies that are hauling foreign merchandise.

Given the growing demand for SS shoes in Mexico, top management has made a strategic commitment to remain in Mexico. Also, top management has made it a high priority to solve the long cycle time for shoes going to the stores in Mexico.

 

Questions:

 

  1. Describe the logistics supply chain for shoes distributed in the United States and in Mexico. What are the major similarities and differences?

 

  1. What changes would you recommend to the logistics system supporting the Mexican market?

 

  1. In 1995 the Mexican government devalued the peso by 50% against the U.S. Dollar. This devaluation had a very negative impact on the demand for U.S. Goods in Mexico. How would a similar monetary action affect your recommended logistics systems for shoes in Mexico?

 

 

 

St. Joseph’s College of Commerce M.Com. 2014 IV Sem International Human Resource Management Question Paper PDF Download

by

St. Joseph’s College of Commerce (Autonomous)

End Semester Examination- MARCH / April 2014

MIB – IV Semester

 INTERNATIONAL HUMAN RESOURCE MANAGEMENT

Duration:  3 Hours                                                                                          Max. Marks: 100

Section – A

  1. Answer any SEVEN Each carries 5 marks.                    (7 x 5  = 35)
  2. What are Trade Unions? What are the reasons for formation of these unions?
  3. Explain the terms, (a) Industrial Relations, (b) Collective Bargaining
  4. Highlight the objectives of international compensation policy.(from the point of view of “employee” as well as the “firm”)
  5. Define, “Performance Appraisal”, “hardship premium”.
  6. Explain the reasons for the failure of expatriate in foreign employment.
  7. Explain the stages involved in International adjustment.
  8. Explain the various staffing approaches.
  9. Differentiate between IHRM and domestic HRM.
  10. How can staff be developed through International assignments ?
  11. What is Pre-departure training? Is it necessary? Why?

 

Section – B

  1. Answer any THREE Each carries 15 marks.                        (3x 15 = 45)

 

  1. Write a note on cultural, social, political, and technological environment of US, UK, and Japan.
  2. “It is very important for any organization to solve the conflict at the earliest”. Why and How?
  3. What is the meaning of Repatriation. Explain the Repatriation Process.
  4. What is meant by “Expat training”? Explain the pre-departure training session for an expat.
  5. Define Compensation. Explain the objectives and the key components of international compensation.

 

Section – C

  • Case Study – compulsory Question                                                             (1 x 20 = 20)

The organization has never owned any hotels outside the UK before, and has hired

a team of independent management consultants to advise them on how to proceed.

They provided the consultants the following information during their initial

meeting:

 A majority of their existing managers said they would like a chance to work abroad.

 None of their existing managers speak French fluently.

 They will allow four weeks to rebrand the hotels. The new hotels must be ready to

open after that time.

 They expect to recruit a large number of staff for the new French hotels, because

more than 70 percent of the employees from the acquired organization left.

 They will require their managers to be flexible and move between countries if any

problems arise.

Brunt management decided that because this is their first venture into a country

outside the UK, they want to use PCNs to set up the new hotels and that only

internal candidates should be considered. They think that this is important so they

can incorporate the organization’s values. However, they believe that once the hotels

are up and running, HCNs could be hired. The management vacancies must be filled

as soon as possible.

In their company literature, the organization states that their core values are to:

 Provide excellent levels of customer service to all guests.

 Provide a clean and comfortable environment for guests and staff.

 Recruit and retain excellent staff.

 Support and develop staff so they can reach their full potential.

 Continuously strive to improve all aspects of the business.

 Ensure that all hotel buildings, fi xtures and fi ttings are well-maintained in a

proactive manner.

It is important that the management consultants for this project take these core

values into account when making their recommendations.

The management eventually approves the advertisement and the compensation

package and distributes both internally. Interested candidates are asked to write

a letter to the CEO to explain why they think they are the best person for the

job. Thirty managers apply for one of the new positions (there are 10 positions

available), which means there will be 20 unsuccessful candidates still working for the organization.

The management team acknowledges that the application letters were not helpful with making decisions and that they need a more robust selection process. There must be a strong sense of fairness in the selection process because they do not

want to de-motivate any of these existing employees. They want to select the right

candidates because it is essential that the new hotels are successful and up and

running quickly and efficiently. The senior managers know all of the candidates

quite well (personally and professionally).

The management team advises you that they do not want to take into account the

marital or family situation of the expatriate candidates; they are concerned that this

may fall afoul of UK equal opportunities legislation.

The management hires six candidates to work overseas because they did not feel

that the other candidates were qualified. They feel confident that these six can

successfully open the new hotels. The success of these managers is vital to the success of setting up the new business, so management wants to ensure they provide effective support for them in terms of training and development. They believe that the best option is to divide training into two parts: pre-departure training and on-the-job training in the new country. Since the organization has never sent employees abroad before, they are not sure about what should be included in these training programs. The only mandatory area that must be included is an introductory language section

(including basic business French) so that the managers have a basic grasp of the

French language by the time they open the new hotels. However, they hope that the

managers will enjoy their introductory language course and will continue to attend

more advanced language classes when the new hotels are open.

The management team decides to select only one of the three proposed training

programs, confident that it will be useful and informative for the new expatriates.

However, they would also like to provide external support for the new expatriates

to make their transition to a new country as smooth as possible. They are aware of

some of the services that can be offered to support employees on both a personal and

professional level, but do not have a comprehensive overview.

 

Questions:

 

  1. What are the advantages and disadvantages of recruiting expatriate staff externally?

 

  1. Explain the benefits of an ethnocentric approach to international staffing.

 

  1. What are the most important factors in the selection decisions of expatriates?

 

  1. Discuss the advantages and disadvantages of involving the spouse and families of expatriates in the selection process.

 

                                    

St. Joseph’s College of Commerce M.Com. 2014 II Sem Operations Research For Business Decisions Question Paper PDF Download

by

St. Joseph’s College of Commerce (Autonomous)

End Semester Examination- APRIL 2014

MIB – II Semester

OPERATIONS RESEARCH FOR BUSINESS DECISIONS

Duration: 3 Hrs                                                                                         Max. Marks: 100

 

SECTION – A

 

  1. I) Answer any SEVEN Each carries 5 marks.                        (7 x 5 = 35)

 

  1. Explain with reasons which of the following statements are true or false:
  2. a) Emotions and guesswork is not part of Operation Research
  3. b) The purpose of using simulation technique is to understand properties and operating characteristics of complex real life problems.
  4. c) An assignment problem cannot have multiple optimal solution.

 

  1. The Mapple Store sells Mapple Computers and printers. The computers shipped are in 12 cubic foot boxes and printers in 8 cubic foot boxes. The Mapple store estimates that at least 30 computers can be sold each month and the number of computers sold will be at least 50% more than the number of printers. The computers cost the store $1000 each and are sold for a profit of $1000. The printers cost the store $300 and are sold for a profit of $350.the store has a storeroom that can hold 1000 cubic feet and can spend $70,000 each month on computers and printers. How many computers and how many printers should be sold each month to maximize profit? What is the maximum profit? Solve by graphical method.

 

  1. Define Operation Research. Explain the methodology of OR.

 

  1. Imagine yourself to be the Executive Director of a 5 Star hotel which has four banquet halls that can be used for all functions including weddings. The halls were all the same size and facilities in each hall differed. During a heavy marriage season, 4 parties have approached you to reserve a hall for the marriage to be celebrated on the same day. These marriage parties were told that the first choice among these halls would cost Rs10, 000 for the day. They were also required to indicate the second, third and fourth preferences and the price they were willing to pay. Marriage party A and D indicated they were not interested in Halls 3 and 4. Other particulars are given in the table below:

 

MARRIAGE PARTY                                REVENUE  HALL
  1 2 3 4
A 10,000   9000 X X
B   8000 10,000 8000 5000
C   7000 10,000 6000 8000
D 10,000   8000 X X

Decide on an allocation that will maximize the revenue of the hotel.

 

  1. Arrival of cars at a filling station is considered to be Poisson with an average time of 4 min in between one arrival and the next. Service time is considered to be poison with an average time of 3 min. the length of filling is assumed to be distributed exponentially with mean of 0.05 hours.

 

  1. a) What is the arrival rate?
  2. b) What is the service rate?
  3. c) What is the equipment utilization rate?
  4. d) What is the average time an arrival spends in the system (waiting and servicing time)?

 

  1. Solve the game whose pay-off matrix is given below:
PLAYER A                                     PLAYER B
  B1 B2 B3 B4
A1 1 7 3 4
A2 5 6 4 5
A3 7 2 0 3

 

  1. A project consists of 9 jobs A to I with the following precedence relationships and estimates of time. Draw a project network and find the critical path with project duration
JOB A B C D E F G H I
PREDECESSOR – – A,B A,B B D,E C,F D,E G,H
DURATION(DAYS) 15 10 10 10 5 5 20 10 15

 

  1. The occurrence of rain in a city on a day is dependent upon whether or not it rained on the previous day. If it rained on the previous day the rain distribution is given by
           EVENT                 PROBABILITY
NO RAIN 0.50
1 CM 0.25
2CM 0.15
3CM 0.05
4CM 0.03
5CM 0.02

 

If it did not rain the previous day, the rain distribution is given by:

EVENT                PROBABILITY
NO RAIN 0.75
1CM 0.15
2CM 0.06
3CM 0.04

 

Simulate the city’s weather for 10 days and determine by simulation the total days without rain as well as the total rainfall during the period. Use the following: 67, 63, 39, 55, 29, 78, 70, 06, 78, 76 for simulation. Assume that for the first day of the simulation it had not rained the day before.

 

  1. Medicare hospital has the following minimum daily requirement for nurses
PERIOD CLOCK TIME (24 HRS) MINIMAL NUMBER OF NURSES REQUIRED
1   6 am – 10 am 2
2 10 am –  2 pm 7
3   2 pm – 6 pm 15
4   6 pm – 10 pm 8
5 10 pm – 2 am 20
6   2 am – 6 am 6

 

Nurses report to the hospital at the beginning of each period and work for 8 consecutive hours. The hospital wants to determine the minimal number of nurses to be employed so that there will be sufficient number of nurses available for each period. Formulate this as a linear programming problem.

 

  1. Define any five terms :
  2. Degeneracy b. Duality       c. Reneging           d. Unbounded solution
  3. Dangling Error f. Saddle point

 

SECTION-  B

  1. II) Answer any THREE questions. Each carries 15 marks.                             (3×15 = 45)

 

  1. A company manufactures two products A and B. Both products are processed on two machine centres, M1 and M2.
PRODUCTS   HOURS REQUIRED PER UNIT
  M1 M2 PROFIT
A 1 3 30
B 2 2 20
CAPACITY 80 120  
       

Solve the problem using simplex method to determine number of units of A and B to be produced per week to maximize profit. Is there an alternate solution? If yes, find it.

  1. National Oil Co. has three refineries and 4 depots. Transportation costs per ton and requirements are given below:
  D1 D2 D3 D5 CAPACITY
P1 5 7 13 10 700
P2 8 6 14 13 400
P3 12 10 9 11 800
REQUIREMENT 300 600 700 400  

Determine optimal allocation of output.

 

  1. With a view to improving the quality of customer services, a Bank is interested in  making an assessment of the waiting time of its customers coming to one of its branches located in a residential area. This branch has only one tellers counter. The arrival rate of the customer and the service rate of the teller is given below:
Time between two consecutive arrivals of customers( in min)                            Probability
3 0.17
4 0.25
5 0.25
6 0.20
7 0.13

 

Service time by the teller (in min)                              Probability
3 0.10
4 0.30
5 0.40
6 0.15
7 0.05

You are required to simulate 10 arrivals of customers in the system starting from 11 am ans show the waiting time of customers and idle time of the teller.

Use the following random numbers taking the first two random numbers in two digits each for the first trial and so on: 11,56,23,72,94,83,83,02,97,99,83,10,93,34,33,53,49,94,37 and 97.

 

  1. Define an OR model. Discuss the various classification schemes of models.

 

  1. What is game theory? Explain with examples the concept of dominance in game theory. What are the major limitations of game theory?

 

 

Section – C

 III)  Compulsory Question.                                                                                      (1×20=20)

 

  1. A construction company is preparing a PERT network for laying the foundation of a new art museum. Given the following set of activities, their predecessor requirements and three time estimates of completion time:
Activities Duration
1-2 3
1-3 8
2-4 9
3-5 6
4-5 0
4-6 10
4-7 14
5-7 11
7-9 10
6-8 5
8-10 4
9-10 1

 

REQUIRED:

 

  1. Draw the CPM Network.
  2. Compute the total float for each activity and determine the critical path using forward pass 7 backward pass

 

 

 

St. Joseph’s College of Commerce M.Com. 2014 II Sem Impex Procedures And Documentation Question Paper PDF Download

by
  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2014

M.I.B – II SEMESTER

IMPEX PROCEDURES AND DOCUMENTATION

 

Duration: 3Hrs.                                                                              Max. Marks: 100

                                                                      Section – A

  1. Answer any SEVEN Each carries 5 marks            (7×5=35)
  2. What are the types of financial guarantees provided by ECGC?
  3. Explain the registration formalities required for an exporter.
  4. What is Bill of Lading? Explain its purpose and types.
  5. Differentiate FOB Contract and CIF Contract.
  6. What is Aligned Documentation System? How are the export documents classified under this system? Give three examples of each.
  7. What are the objectives and important services of EXIM Bank?
  8. What are the excise clearance requirements and procedures for exportable goods?
  9. Explain the meaning and scope of Marine Insurance.
  10. What are the essential and desirable services expected by exporters from C & F Agents?
  11. What are the 3 methods of Quality Control and Pre-shipment Inspection?

 

Section – B

  1. Answer any THREE Each carries 15 marks. (3×15=45)

 

  1. Explain in detail the three stages in export procedure.
  2. Explain the meaning, parties involved and types of Letter of Credit.
  3. Discuss the institutional framework available in India for Pre-shipment and Post-shipment finance.
  4. Discuss the major Export Promotion measures in India.
  5. Write short notes on any 3(Three) of the following. (5marks each)
  6. Duty draw back scheme
  7. EPCG Scheme
  8. Export Promotion Councils
  9. Special Economic Zones

                                                                Section – C

  • Case Study – Compulsory question.                                      (20 marks)

Gokak Textiles is exporting a consignment of textiles from Karwar Port in Karnataka to Singapore Port, Singapore. The registered office of the company is at 139, Market Road, Gokak, Belgaum District, Karnataka, India.

From Gokak, the goods are to be received and transported by road in trucks to Karwar Port by the  C&F Agent, KK Export Agencies. Shipping space has been booked on the ship M.V 33001- Seven Seas. The company has not used any imported items in the products to be exported or in manufacture.

The consignment has to be sent as per the order received from Fashion Garments, 303, Little India Road, Singapore, vide Order No: 98867- 42246, dt 18th March 2014.

The export contract stipulates the importer opening an Irrevocable Documentary L/C for the full chargeable value under the CIF contract.

Details of Cargo:

  1. Gokak Textiles’ IEC Ref.No : GOI 235544221BGK
  2. Trade mark/brand        : Gokak Textiles
  3. Container No : SPSSP 3001122
  4. Packing List :  600 packages – thick card board
  5. Description of goods :  Assorted textiles/ 42,000 numbers
  6. Rate                          :  US$  1000 / package
  7. Amount :  US$  6,00,000
  8. Marine Insurance Premium paid: US$ 30.000
  9. Ocean freight paid :  US$  50,000
  10. Certificate of Origin : Made in India

Questions: (10 marks each)

  1. Prepare a Commercial Invoice based on the details provided in the case, using the blank form given.

 

  1. In the case of documentary L/C, what are the documents to be enclosed by Gokak Textiles to receive payment? Explain each briefly.

………………………

 

 

 

 

 

 

 

 

 

Answer Key : IMPEX PROCEDURES and DOCUMENTATION.   MIB II Sem ESE

Section A

  1. Export Credit Guarantee Corporation of India provides following guarantees: Packing credit guarantee, Post shipment export credit guarantee, Export production finance  guarantee, Export finance guarantee, Export performance guarantee, Export finance (overseas lending) guarantee.
  2. Registration of organisation, opening bank account, obtaining Importer-Exporter Code Number, obtaining PAN number, registration with value added tax authority and sales tax authority, registration with export promotion council, registration with Export Credit Guarantee Corporation of India, registration with other authorities.
  3. BOL is a document of title to the goods, a receipt from the shipping company, and a contract for transportation of goods. Types: Clean BOL, claused BOL, transhipment BOL, stale BOL, freight paid BOL, freight collect BOL.
  4. Free on board is most frequently used contract in international market. Under this quotation, exporter undertakes to pay all expenditure till loading of goods on board ship, including documentation charges. All expenditure thereafter, like ocean freight, marine insurance, unloading charges etc are borne by importer. Under cost, insurance and freight contract, seller meets all expenses as in FOB , above, plus insurance and freight also.
  5. ADS is based on UN layout key under which different form used in international trade transactions are printed on paper of same size and common items of information are given same relative slots in each document. documents classified Commercial and Regulatory.
  6. Export Import Bank of India. Objectives: to translate national foreign trade policies into concrete action plans,provide alternate financing solutions to Indian exporters ,to develop mutually beneficial relationships with international community, to forge relationships with other export development and financing agencies, to be responsive to problems of Indian exporters. Services: Fund based assistance and Non fund based assistance – details of each.
  7. Excise duty is exemption is given for all exporters. But clearance to be obtained in following ways: 1) export under rebate, 2) export under bond. To explain each.  Procedure: application to asst collector of central excise, information to range superintendant, sealing of goods, processing of ARE-I forms, examination of goods at place of export, submission of claim, verification of application, refund of duty, cancellation of documents.
  8. Marine insurance is a contract under which the insurer undertakes to indemnify the insured against losses caused due to perils of the sea including : sinking of ship, damage to ship and cargo due to dashing of waves, dashing of ships on the rocks, fire of explosion on ship, spoilage of cargo due to sea water, destruction of ship and cargo by crew or captain , piracy and such other risks. As per Marine Insurance Act 1963, a contract of marine insurance is an insurance cover for marine cargo, air cargo and post parcels. Marine insurance is used to cover transportation by any of the following modes: sea, air or land, inland water voyages, rail/road, air, post.GIC issues policies for MI.
  9. Clearing and forwarding agents. Essential services: transportation to docks and warehousing, booking of space on ship, arrange loading goods on board, information on shipping lines, freight, charges, preparation and processing of  shipping documents, bills of lading, COO,obtaining marine insurance, forwarding of banking collection papers. Desirable services: Storage facilities abroad, tracing of goods if shipment goes astray, through connections, arrangement for assessing damage to shipment enroute.
  10. Self- certification, in-process quality control and consignment wise inspection.

Section B

  1. Pre-shipment stage, Shipment stage and post-shipment stage. To explain procedures in each.
  2. L/C is a document issued by importers bank in favour of exporter giving him authority to draw up to a particular amount as per contract price, covering a specified shipment of goods and assuring him pf payment against delivery of shipping documents. Parties: applicant or opener, beneficiary, issuing bank, advising bank, confirming bank, negotiating bank. Types: revocable and irrevocable L/C, with recourse or without recourse, confirmed and unconfirmed, transferable and non transferable, fixed and revolving, clean and restricted,red clause and green clause, back to back, documentary L/C.
  3. Reserve Bank of India, Commercial Banks, Export Import Bank of India, Export Credit Guarantee Corporation of India. To explain role of each.
  4. Import facilities for exporters: EPCGScheme, advance authorisation scheme, duty free import authorisation scheme. Duty remission scheme: duty entitlement passbook scheme, duty drawback scheme, excise duty refund, central sales tax exemption, exemption from service tax. Fiscal incentives: exemption from income tax,. Marketing assistance: market development assistance, market access initiative,. Supply of raw materials: industrial raw material assistance centres scheme, back-to-back inland letter of credit. Institutional measures:
  5. a) Exporters can claim refund of customs duty and excise duty paid on raw materials, components and consumables used in manufacture of goods meant for export. Rate of DDBK : all industry rates, brand rates, special brand rates.
  6. b) EPCG introduced by EXIM policy 1992-97 to enable manufacturer exporters to import machinery and other capital goods for export production at concessional or no customs duty .Facility is subject to export obligation. Schemes: zero duty scheme, concessional 3% duty scheme,.
  7. c) SEZ started in India from 2000. A Specifically delineated duty free enclave, which shall be deemed to be a foreign territory for the purpose of trade operations and duties and tariffs, Set up in public, private and joint sectors or by State Govts. Kandla, Surat, Cochin, Chennai, Santa Cruz, Vizag , Noida examples. Many tax and duty concessions and promotion packages available.

d)Non profit organisations registered under companies act or societies registration act. Non profit, autonomous and professional bodies. Main role to promote Indias foreign trade, encourage and monitor observance of international standards by exporters, look for trend and opportunities in global market and assist exporters.

Section C         Case study

  1. Students to fill up relevant details in relevant columns.
  2. Documents to be submitted for getting payment:

Bill of Lading, Shipping Bill,Commercial Invoice,Packing List,Certificate of Origin,Certificate of pre-shipment inspection,Marine Insurance Policy,GSP/CWP certificate,Bill of Exchange.Any other document if required

 

© Copyright Entrance India - Engineering and Medical Entrance Exams in India | Website Maintained by Firewall Firm - IT Monteur