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2

Index for Guess Questions

S.No. Chapter Name Pages

1. Accounts I & II 3-9

2. Business Law, Ethics & Communication 10-44

3. Cost Accounting & Financial Management 45-59

4. Taxation 60-77

5. Auditing & Assurance 78-84

6. Information Technology and Strategic Management 85-98

IPC

C G

UES

S Q

UES

TIO

NS

(S

HO

RT

FO

RM

) –

AP

PLI

CA

BLE

FO

R M

AY

20

15 E

XA

MS

OF

IPC

C…

…..F

INA

LIS

ED O

N 3

1-M

AR

-15

10

:57:

00

AM

Pag

e 3

of

98

DIS

CL

AIM

ER

: D

ear

stud

ents

,

a)

Sin

ce C

A is

a p

rofe

ssio

nal c

ours

e it

is im

poss

ible

to p

redi

ct th

e qu

estio

ns /

prob

lem

s w

hich

may

com

e in

the

publ

ic e

xam

inat

ion.

b)

We

are

not

sayi

ng t

hat

it is

eno

ugh

to p

repa

re t

he li

st o

f qu

estio

ns /

pro

blem

s gi

ven

here

. B

ut c

ompa

red

to o

ther

que

stio

ns /

pro

blem

s,

put

mor

e fo

cus

on t

he q

uest

ions

/ p

robl

ems

liste

d be

low

and

als

o qu

estio

ns /

pro

blem

s w

hich

are

sim

ilar

to q

uest

ions

/ p

robl

ems

liste

d be

low

.

c)

The

re a

re c

hanc

es o

f get

ting

ques

tions

/ pr

oble

ms

in th

e m

odel

whi

ch a

re s

imila

r to

que

stio

ns /

prob

lem

s lis

ted

belo

w…

but

don’

t exp

ect

exac

t que

stio

ns /

prob

lem

s to

rep

eat i

n th

e pu

blic

exa

min

atio

n.

d)

We

have

don

e th

is w

ork

base

d on

the

32nd

edi

tion

of IP

CC

mat

eria

ls.

e)

Thi

s lis

t is

appl

icab

le fo

r M

ay 2

015

atte

mpt

of I

PC

C o

nly.

f)

Don

’t bl

ame

us e

ven

if yo

u do

n’t g

et a

ny q

uest

ions

from

this

list

in th

e pu

blic

exa

ms

of IP

CC

.

g)

Eve

n if

you

get g

ood

num

ber

of q

uest

ions

/ pr

oble

ms

from

this

list

in th

e pu

blic

exa

min

atio

ns th

en it

is p

urel

y ac

cide

ntal

.

h)

Pag

e n

um

ber

s m

enti

on

ed in

th

is d

ocu

men

t ar

e b

ased

on

th

e fo

llow

ing

ed

itio

ns

of

bo

oks

:

• S

tudy

Mat

eria

l – J

uly

2014

edi

tion

• P

ract

ice

Man

ual –

Jul

y 20

14 e

ditio

n

• R

anja

y te

xt b

ook

for

Acc

ount

ing

Sta

ndar

ds –

Jan

201

4 ed

ition

i)

If yo

u ar

e pl

anni

ng to

atte

mpt

Gro

up 1

onl

y th

en a

tleas

t pre

pare

the

gues

s qu

estio

ns r

elea

sed

by u

s.

j)

Atte

mpt

Gro

up 2

als

o in

stea

d of

leav

ing

the

Gro

up 2

exa

ms

com

plet

ely.

AC

CO

UN

TIN

G

MM

Cla

ss R

oo

m P

rob

lem

s M

M A

ssig

nm

ent

Pro

ble

ms

Stu

dy

Mat

eria

l P

ract

ice

Man

ual

R

TP

’s

No

. N

ame

of

the

Ch

apte

r Q

.No.

P

age

Q.N

o.

Pag

e Q

.No.

P

age

Q.N

o.

Pag

e Q

.No.

P

age

Q.N

o.

Pag

e Q

.No.

P

age

Q.N

o.

Pag

e Q

.No.

Y

ear

Q.N

o.

Yea

r 1.

A

vera

ge

Du

e D

ate

7 13

12

15

2

21

8 22

5

7.10

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5 7

M-1

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M

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2.

Acc

ou

nt

Cu

rren

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26

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x.1

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4

3.

Acc

ou

nti

ng

fo

r B

usi

nes

s A

cqu

isit

ion

-

- -

- -

- -

- -

- -

- -

- -

- -

- -

-

4.

P /L

Pri

or

to

Inco

rpo

rati

on

2

43

3 44

3

55

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-

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3.8

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9 3

M-1

5 -

-

1ST

PR

IOR

ITY

PR

OB

LEM

S /

QU

EST

ION

S –

YO

U M

AY

GET

TH

ESE

PR

OB

LEM

S /

QU

EST

ION

S I

F T

HE

QU

EST

ION

PA

PER

IS

SET

IN

TH

E U

SU

AL

MA

NN

ER

IPC

C G

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S Q

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TIO

NS

(S

HO

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FO

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) –

AP

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FO

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20

15 E

XA

MS

OF

IPC

C…

…..F

INA

LIS

ED O

N 3

1-M

AR

-15

10

:57:

00

AM

Pag

e 4

of

98

2 60

5

61

2 74

6

75

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laim

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7.

Inte

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stm

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154

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16.

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5 24

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247

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Acc

ou

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in

Co

mp

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d

En

viro

nm

ent

2 25

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257

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M

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GR

OU

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AC

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TA

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TP

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AS

N

o.

Q.N

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Pag

e Q

.No

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1 2

19

1 1B

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b M

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b M

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IPC

C G

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S Q

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TIO

NS

(S

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RM

) –

AP

PLI

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FO

R M

AY

20

15 E

XA

MS

OF

IPC

C…

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INA

LIS

ED O

N 3

1-M

AR

-15

10

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00

AM

Pag

e 5

of

98

AD

VA

NC

ED A

CC

OU

NT

ING

MM

Cla

ss R

oo

m P

rob

lem

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M A

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nm

ent

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eria

l P

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Man

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TP

’s

No

. N

ame

of

the

Ch

apte

r Q

.No

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age

Q.N

o.

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e Q

.No

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age

Q.N

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e Q

.No

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age

Q.N

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Pag

e Q

.No

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age

Q.N

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.No

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Q.N

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Yea

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1.

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der

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tin

g

1 86

3

87

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9

97

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43

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24

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2.

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om

pan

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4.11

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3.

Am

alg

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3

12

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32

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4.

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Fin

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stat

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f E

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ty

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5 17

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12.

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artm

enta

l A

cco

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Pro

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ms

on

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evis

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I 1

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1 1.

1 2

1.2

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IPC

C G

UES

S Q

UES

TIO

NS

(S

HO

RT

FO

RM

) –

AP

PLI

CA

BLE

FO

R M

AY

20

15 E

XA

MS

OF

IPC

C…

…..F

INA

LIS

ED O

N 3

1-M

AR

-15

10

:57:

00

AM

Pag

e 6

of

98

GR

OU

P 2

AC

CO

UN

TIN

G S

TA

ND

AR

DS

CA

-RA

NJA

Y M

ater

ial

Stu

dy

Mat

eria

l P

ract

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Man

ual

R

TP

’s

AS

N

o.

Q.N

o.

Pag

e Q

.No

. P

age

Q.N

o.

Pag

e Q

.No

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age

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Pag

e Q

.No

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age

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age

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Pag

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.No

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ear

Q.N

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Yea

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ear

4 1

17

2 17

8

19

2 2.

6 -

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2.3

10

2.6

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17

N-1

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a M

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25

7 26

8

26

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12

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25

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19

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-15

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evis

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AY

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AR

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10

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00

AM

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GR

OU

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AC

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TH

E E

ND

IPCC GUESS QUESTIONS (SHORT FORM) – APPLICABLE FOR MAY 2015 EXAMS OF IPCC………..…..FINALISED ON 31-MAR-15 10:57:00 AM

Page 10 of 98

DISCLAIMER: Dear students,

a) Since CA is a professional course it is impossible to predict the questions / problems which may come in the public examination.

b) We are not saying that it is enough to prepare the list of questions / problems given here. But compared to other questions / problems, put more focus on the questions / problems listed below and also questions / problems which are similar to questions / problems listed below.

c) There are chances of getting questions / problems in the model which are similar to questions / problems listed below…but don’t expect exact questions / problems to repeat in the public examination.

d) We have done this work based on the 32nd edition of IPCC materials.

e) This list is applicable for May 2015 attempt of IPCC only.

f) Don’t blame us even if you don’t get any questions from this list in the public exams of IPCC.

g) Even if you get good number of questions / problems from this list in the public examinations then it is purely accidental.

h) If you are planning to attempt Group 1 only then atleast prepare the guess questions released by us.

i) Attempt Group 2 also instead of leaving the Group 2 exams completely.

BUSINESS LAW

1. THE INDIAN CONTRACT ACT, 1872 No. Question Source 1. A railway company refuses to deliver up certain goods to the consignee,

except on the payment of an illegal charge for carriage. The consignee pays the sum charged in order to obtain the goods. Decide the legal position of the consignee as per the Indian Contract Act, 1872.

2. Mr. Anand contracts with Mr. Birendra that, if he (Anand) practices as a surgeon within Calcutta, he will pay Birendra ` 5000. Later, Anand starts practising as a surgeon in Calcutta. Discuss the right available to Birendra with reference to the provisions of the Indian Contract Act, 1872.

3. Aditya holds a lease from Birla which is terminable on three months’ notice. C, an unauthorized person gives notice of termination to Aditya. Examine with reference to the provisions of the Indian Contract Act, 1872, whether Aditya is bound by termination of Lease.

4. A owns a shop in Serampore, living himself in Calcutta, and visiting the shop occasionally. The shop is managed by B, and he is in the habit of ordering goods from C in the name of A for the purposes of the shop, and of paying for them out of A’s funds with A’s knowledge. Discuss in the light of the provisions of the Indian Contract Act, 1872, whether B is authorized to conduct the business in the name of A.

RTP M 15

5. Father promised to pay his son a sum of Rs. One lakh if the son passed C.A. examination in the first attempt. The son passed the examination in the first attempt, but father failed to pay the amount as promised. Son filed a suit for recovery of the amount. State along with reason whether son can recover the amount under the Indian Contract Act, 1872.

6. X agreed to sell a particular horse to Y. Later on, it was discovered that the horse was dead at the time of making the contract. Advise the parties.

MM Material Practical

Questions

1ST PRIORITY PROBLEMS / QUESTIONS – YOU MAY GET THESE PROBLEMS / QUESTIONS

IF THE QUESTION PAPER IS SET IN THE USUAL MANNER


Page 11 of 98

7. X offered to sell his house to Y for Rs 50,000. Y accepted the offer by E-mail. On the next day Y sent a fax revoking the acceptance which reached X before the E-mail. Is the revocation of acceptance valid? Would it make any difference if both the E-mail of acceptance and the fax of revocation of acceptance reach X at the same time?

8. Examine what is the legal position, as to the following: a) M offered to sell his land to N for Rs 28,000/-. N replied purporting to

accept the offer and enclosed a cheque for Rs 8,000/-. He also promised to pay the balance of Rs 20,000/- in monthly installments of Rs 5,000/- each.

b) A offered to sell his house to B for Rs 10000/-. B replied that he can accept the house for only Rs 8,000/-. A rejected B’s counter offer to buy the house for Rs 8,000/-. B later changed his mind and is now willing to buy the house for Rs 10,000/-

9. Shambhu Dayal started “self service” system in his shop. Smt. Prakash entered the shop, took a basket and after taking articles of her choice into the basket reached the cashier for payments. The cashier refuses to accept the price. Can Shambhu Dayal be compelled to sell the said articles to Smt. Prakash? Decide.

10. X agrees to pay Y Rs.1,00,000 if Y kills Z. To pay Y, X borrows Rs.1,00,000 from W who is also aware of the purpose of the loan. Y kills Z but X refuses to pay. X also refuses to repay the loan to W. Advise Y and W.

11. A student was induced by his teacher to sell his brand new car to the later at less than the purchase price to secure more marks in the examination. Accordingly the car was sold. However, the father of the student persuaded him to sue his teacher. State whether the student can sue the teacher?

12. Bunti sold his house “Taj Mahal” to Babli by a written and registered deed for Rs.10 lakh and the possession of the house was to be given one month after registration. Bunti refused to give possession of the house to Babli. Matter went to the Court and the Court found that stamps were short by Rs.1,000. Can Babli enforce the contract through the Court?

13. “Good Girl” Soap Co. advertised that it would give a reward of Rs. 1,000 who developed skin disease after using “Good Girl” soap of the company for a certain period according to the printed directions. Miss Rakhi purchased the advertised “Good Girl” soap and developed skin disease in spite of using this soap according to the printed instructions. She claimed reward of Rs. 1,000. The company refused the reward on the ground that offer was not made to her and that in any case she had not communicated her acceptance of the offer. Decide whether Miss Rakhi can claim the reward or not. Refer the relevant case law, if any,

14. X advertises in a news paper that he would pay Rs. 1,00,000 to anyone who traces his missing son. Y traced that boy and claimed the amount of reward. State whether Y is entitled to receive the amount of reward if (a) he did not know about the reward, (b) if he knows about the reward?

15. X offered to sell his house to Y for Rs 50,000. Y accepted the offer by e-mail. On the next day Y sent a fax revoking the acceptance which reached X before the e-mail. Is the revocation of acceptance valid? Would it make any difference if both the e-mail of acceptance and the fax of revocation of acceptance reach X at the same time?


Questions


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16. R sent a telegram to T writing “will you sell your house? Telegraph lowest cash price”. The defendant also replied by a telegram “Lowest price for the house, Rs.50,000”. The plaintiff immediately sent a last telegram stating, “We agree to buy your house for Rs.50,000 asked by you”. T refused to sell the property at that price. R contended that T has quoted the minimum price, which should be treated as offer, and he has accepted the offer. Is it a offer?

17. X transferred his house to his daughter M by way of gift. The gift deed, executed by X, contained a direction that M shall pay a sum of Rs. 5,000 per month to N (the sister of the executants). Consequently M executed an instrument in favour of N agreeing to pay the said sum. Afterwards, M refused to pay the sum to N saying that she is not liable to N because no consideration had moved from her. Decide with reasons under the provisions of the Indian Contract Act, 1872 whether M is liable to pay the said sum to N.

18. X borrowed Rs. 1,000 from Y. X executed a bond promising to work for Y without pay for 2 years and in case of default agreed to pay interest at 10% per month and the principal amount at once. Is this agreement valid?

19. Do the following statements amount to involvement of fraud? a) Where the vendor of a piece of land told a prospective purchaser

that, in his opinion, the land can support 2000 heads of sheep whereas, in truth, the land could support only 1500 sheep.

b) X bought shares in a company on the faith of a prospectus which contained an untrue statement that Z was a director of the company. X had never heard of Z and the untrue statement of Z being a director was immaterial from his point of view. Can X claim damages on grounds of fraud?

20. Ramesh, aged 16 years, was studying in an engineering college. On 1 March, 2011 he took a loan of Rs 1 lakh from Suresh for the payment of his college fee and agreed to pay by 30th May, 2012. Ramesh possesses assets worth Rs 10 lakhs. On due date Ramesh fails to pay back the loan to Suresh. Suresh now wants to recover the loan from Ramesh out of his assets. Whether Suresh would succeed? Decide, referring to the provisions of the Indian Contract Act, 1872.

21. X beats Y and compels him to sell his house for Rs. 1,00,000. Y agrees to sell his house to X. Y signs the necessary documents for the sale of house and receives the payment. Later on, Y wants to avoid the contract? Will he succeed?

22. Sohan induced Suraj to buy his motorcycle saying that it was in a very good condition. After taking the motorcycle, Suraj complained that there were many defects in the motorcycle. Sohan proposed to get it repaired and promised to pay 40% cost of repairs. After a few days, the motorcycle did not work at all. Now Suraj wants to rescind the contract. Decide giving reasons.

23. X sold his business including goodwill to Y for Rs. 5,00,000 by an agreement. The agreement provided that X shall not engage himself in the similar business in the whole of India for the next 10 years. X started the same business in the same city after 1 month. State the legal position.

24. M lost a sum of Rs. 8,500 to L & Co. on bets on horse races, and on his failure to pay was reported to the race course club. M subsequently executed in favour of L & Co. a Hundi for Rs. 8,500 in consideration of their withdrawing his name from the club and thereby his being posted as a defaulter. When L & Co. demanded the payment, M pleaded that the consideration was unlawful. Decide.


Questions


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25. ‘X' agreed to become an assistant for 5 years to 'Y' who was a Doctor practicing at Ludhiana. It was also agreed that during the term of agreement 'X' will not practice on his own account in Ludhiana. At the end of one year, ‘X' left the assistantship of 'Y' and began to practice on his own account. Referring to the provisions of the Indian Contract Act, 1872, decide whether ‘X' could be restrained from doing so?

26. Point out with reason whether the following agreements are valid or void:

a) Kamala promises Ramesh to lend Rs 50,000 in lieu of consideration that Ramesh gets Kamala’s marriage dissolved and he himself marries her.

b) Sohan agrees with Mohan to sell his black horse. Unknown to both the parties, the horse was dead at the time of agreement

c) Ram sells the goodwill of his shop to Shyam for Rs 4,00,000 and promises not to carry on such business forever and anywhere in India.

d) In an agreement between Prakash and Girish, there is a condition that they will not institute legal proceedings against each other without consent.

e) Ramamurthy, who is a citizen of India, enters into an agreement with an alien friend.

27. Y holds agricultural land in Gujarat on a lease granted by X, the owner. The land revenue payable by X of the Government being in arrear, his land is advertised for sale by the Government. Under the Revenue law, the consequence of such sale will be termination of Y’s lease. Y, in order to prevent the sale and the consequent termination of his own lease, pays the Government, the sum due from X Referring to the provisions of the Indian Contract Act, 1872 decide whether X is liable to make good to Y, the amount so paid?


Questions

28. X, Y and Z jointly borrowed Rs. 50,000 from A, the whole amount was paid to A by Y. Decide in the light of the Indian Contract Act, 1972, whether: a) Y can recover the contribution from X and Z. b) Legal representatives of X are liable in case of death of X. c) Y can recover the contribution from the assets, in case Z become

insolvent

29. A received certain goods from B promising to pay Rs 10,000/-. Later on, A expressed his inability to make payment. C, who is known to A, pays Rs, 6000/- to B on behalf of A. However, A was not aware of the payment. Now B is intending to sue A for the amount of Rs 10000/-. Can B do so? Advise.

30. ‘A’, ‘B’ and ‘C’ are partners in a firm. They jointly promise to pay Rs 1,50,000 to ‘P’. C became insolvent and his private assets are sufficient to pay only 1/5 of his share of debts. A is compelled to pay the whole amount to P. Examining the provisions of the Indian Contract Act, 1872, decide the extent to which A can recover the amount from B.

31. Akhilesh entered into an agreement with Shekhar to deliver him (Shekhar) 5,000 bags to be manufactured in his factory. The bags could not be manufactured because of strike by the workers and Akhilesh failed to supply the said bags to Shekhar. Decide whether Akhilesh can be exempted from liability under the provisions of the Indian Contract Act, 1872.


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32. Explaining the provisions of the Indian Contract Act, 1872, answer the following: a) A contracts with B for a fixed price to construct a house for B within

a stipulated time. B would supply the necessary material to be used in the construction. C guarantees A’s performance of the contract. B does not supply the material as per the agreement. Is C discharged from his liability?

b) C, the holder of an over due bill of exchange drawn by A as surety for B, and accepted by B, contracts with X to give time to B. Is A discharged from his liability?

33. X, a singer enters into a contract with Y, the manager of a theatre, to sing at his theatre two nights every week during the next two months and Y engages to pay her at the rate of Rs. 100 for each night on completion of the contract. State the legal position in each of the following alternative cases:

Case (a) On sixth night if X willfully absents herself from the theatre and wants to sing on the seventh night but Y does not allow her to sing on the seventh night.

Case (b) On the sixth night if X willfully absents herself from the theatre and Y allows X to sing on seventh night.

Case (c) On sixth night, X is too ill to sing

Case (d) On sixth night, X dies before she sings. 34. On 1st June, X contracted to supply Y 1000 cubic feet of Finland

Timber @ Rs. 500 per cubic feet to be delivered at Mumbai from 1st July to 30th Sept. On 15th June, X informs that he could not supply those goods. The rates of timber per cubic feet on various dates were – on 15th June Rs. 1,200, on 1st July Rs. 1,300, on 30th Sept. Rs. 1,400. State the legal position in each of the following alternative cases:

Case (a) If Y filed a suit for breach of contract on 15th June.

Case (b) If Y filed a suit for breach of contract on 30th Sept.

Case (c) If on 29th Sept. the import of such goods was banned and Y filed a suit for breach of contract on 30th Sept.


Questions

35. A agrees to let his house to B for a marriage ceremony on 1st December and received Rs.5,000 as an advance of rent. On 28th November, the house was destroyed by fire accident. What are the rights of B. Which of the following is correct answer?

36. X borrows Rs. 1,00,000 from Y @ 12% p.a. interest payable by five half – yearly installments of Rs. 20,000 each. State the legal position in each of the following alternative stipulations:

Case (a) “In case of default in payment of any installments, interest rate shall be raised to 15% p.a.”

Case (b) “In case of default in payment of any installments, interest rate shall be raised to 75% from the date of default”

Case (c) “In case of default in payment of any installments, the interest shall be calculated @ 12% p.a. on monthly compounding basis.”

Case (d) “In case of default in payment of any installments, the interest shall be calculated @ 15% p.a. on monthly compounding basic.”

Case (e) “In case of no default, the interest rate shall be 9% p.a.

Case (f) “In case of default in payment of any installment, the whole sum shall become due.”


Questions


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37. M Ltd., contracts with Shanti Traders to make and deliver certain machinery to them by 30.6.2008 for Rs. 11.50 lakhs. Due to labour strike, M Ltd. could not manufacture and deliver the machinery to Shanti Traders. Later, Shanti Traders produced the machinery from another manufacturer for Rs. 12.75 lakhs. Shanti Traders was also prevented from performing a contract which it had made with Zenith Traders at the time of their contract with M Ltd. and were compelled to pay compensation for breach of contract. Advise Shanti Traders the amount of compensation which it can claim from M Ltd., referring to the legal provisions of the Indian Contract Act.

38. Mr. Ramaswamy of Chennai placed an order with Mr. Shah of Ahmedabad for supply of Urid Dhall on 10.11.2006 at a contracted price of Rs 40 per kg. The order was for the supply of 10 tonnes within a month’s time viz. before 09.12.2006. On 04.12.2006 Mr. Shah wrote a letter to Mr. Ramaswamy stating that the price of Urid Dhall was sky rocketing to Rs 50 Per. Kg. and he would not be able to supply as per original contract. The price of Urid Dhall rose to Rs 53 on 09.12.06 Advise Mr. Ramaswamy citing the legal position.

39. State the nature of the contract in the following cases with reasons:

a) A entered into an agreement with S to deliver him 500 bags of sugar to be manufactured in his factory in a month. The sugar could not be manufactured because of strike by the workers and as a consequence, A failed to supply the agreed number of sugar bags to S. Decide whether A can be exempted from liability under the provisions of the Indian Contract Act, 1872

b) M owes money to N under a contract. It is agreed between M, N and O that N shall henceforth accept O as his debtor instead of M. Referring to the provisions of the Indian Contract Act, 1872, state whether N can claim payment from O?

RTP N 14

40. a) Mr. Anand, is employed as a cashier on a monthly salary of ` 2,000 by ABC bank for a period of three years. X gave surety for Mr. Anand’s good conduct. After nine months, the financial position of the bank deteriorates. Then Mr. Anand agrees to accept a lower salary of ` 1,500/- per month from Bank. Two months later, it was found that Mr. Anand has misappropriated cash since the time of his appointment. What is the liability of X?

b) B owes C a debt guaranteed by A. C does not sue B for a year after the debt has become payable. In the meantime, B becomes insolvent. Is A discharged? Decide with reference to the provisions of the Indian Contract Act, 1872.

RTP N 14

2. BAILMENT & PLEDGE

No. Question Source

1. When Bailment gets terminated? (Or) When Bailment comes to an end.

2. M lends a sum of Rs.5,000 to B, on the security of 2 shares of a Limited Company on 1st April 2007. On 15th June 2007, the company issued 2 bonus shares. B repays the loan amount of Rs.5,000 along with interest but M returns only 2 shares which were pledged and refuses to give the 2 bonus shares. Advise B in the light of the provisions of the Indian Contract Act, 1872.

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3. Sunil delivered his car to Mahesh for repair. Mahesh completed the work but did not return the car to Sunil within reasonable time, though Sunil reminded Mahesh for the return of car. In the meantime a big fire occurred in the neighbourhood and the car was destroyed. Decide whether Mahesh can be held liable under the provisions of the Indian Contract Act, 1872.

4. X delivered some cattle to Y for feeding grass in Y’s farm against some payment. Without any negligence on Y’s part, cattle were stolen. Y did not inform the same to the owner or the police or made any efforts to recover the cattle because he thought it would be useless to do so. Who is liable and why?

3. INDEMNITY & GUARANTEE

No. Question Source

1. Explain the legal position in respect to the co-sureties in the given situations: i) X, Y, and Z are sureties to D for the sum of Rs 3000 lent to R. What

if, R makes a default in payment. ii) X, Y and Z, as surities for D, enters into a bond, each in different

penalty, X in the penalty of 10,000, Y of 20,000 and Z of 40,000, conditioned for D’s duly accounting to R. What if, D makes a default to the extent of Rs 40,000.

2. Ravi becomes guarantor for Ashok for the amount which may be given to him by Nalin within six months. The maximum limit of the said amount is Rs 1 lakh. After two months Ravi withdraws his guarantee. Upto the time of revocation of guarantee, Nalin had given to Ashok Rs 20,000. i) Whether Ravi is discharged from his liabilities to Nalin for any

subsequent loan. ii) Whether Ravi is liable if Ashok fails to pay the amount of Rs 20,000

to Nalin?

MM Material

3. A gives to C a continuing guarantee to the extent of Rs.5,000 for the vegetables to be supplied by C to B from time to time on credit. Afterwards, B became embarassed, and without the knowledge of A, B and C contract that C shall continue to supply B with vegetables for ready money, and that the payments shall be applied to the then existing debts between B and C. Examining the provision of the Indian Contract Act, 1872, decide whether A is liable on his guarantee given to C.

4. M advances to N Rs 5,000 on the guarantee of P. The loan carries interest at ten percent per annum. Subsequently, N becomes financially embarrassed. On N’s request, M reduces the interest to six per cent per annum and does not sue N for one year after the loan becomes due. N becomes insolvent. Can M sue P?

5. Mr. X, is employed as a cashier on a monthly salary of Rs 2,000 by ABC bank for a period of three years. Y gave surety for X’s good conduct. After nine months, the financial position of the bank deteriorates. Then X agrees to accept a lower salary of Rs 1,500/- per month from Bank. Two months later, it was found that X has misappropriated cash since the time of his appointment. What is the liability of Y?

6. The right of subrogation in a contract of guarantee is available to the surety. State true or not.

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4. CONTRACT OF AGENCY

No. Question Source 1. What is meant by Agency by Ratification? State some rules for valid

ratification. 2. When an Agency gets terminated as per Section 201 of the Indian

Contract Act, 1872? 3. A appoints M, a minor, as his agent to sell his watch for cash at a price

not less than Rs.700. M sells it to D for Rs.350. Is the sale valid? Explain the legal position of M and D, referring to the provisions of the Indian Contract Act, 1872.

4. R is the wife of P. She purchased some sarees on credit from Q. Q demanded the amount from P. P refused. Q filed a suit against P for the said amount. Decide in the light of provisions of the Indian Contract Act, 1872, whether Q would succeed?

5. Mr.Ahuja of Delhi engaged Mr.Singh as his Agent to buy a house in West Extension area. Mr.Singh bought a house for Rs.20 lakhs in the name of a nominee and then purchased it himself for Rs.24 lakhs. He then sold the same house to Mr.Ahuja for Rs.26 lakhs. Mr.Ahuja later comes to know the mischief of Mr.Singh and tries to recover the excess amount paid to Mr.Singh. Is he entitled to recover any amount from Mr.Singh? If so, how much? Explain.

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5. PAYMENT OF GRATUITY ACT - 1972

No. Question Source 1. Write about the computation of Gratuity amount payable. MM Material 2. Explain the manner in which the gratuity payable to employees in a

seasonal as well as other establishments is calculated under the Payment of Gratuity Act, 1972. State also the maximum amount of gratuity payable under the Act.

RTP M 15

3. What is the law relating to recovery of amount of gratuity under the payment of Gratuity Act, 1972 in case the said amount is not paid by the employer? RTP M 15

4. Describe the legal provisions as to compulsory insurance U/S 4A of the payment of gratuity Act, 1972.

5. K is an employee of RST Limited, a software company which works five days in a week. K was not in continuous service during the financial year 2009-10. However, she worked only for 150 days because she was on maternity leave with full pay for 50 days. Referring to the provisions of the Payment of Gratuity Act, 1972 decide, whether K is entitled to gratuity payable under the Act? Will your answer remain same if RST Limited works six days in a week?

6. Bhushan, who had put in 10 years of continuous service, was dismissed on the ground of misconduct and the amount of gratuity payable to him under the Payment of Gratuity Act, 1972 was forfeited in full. He was not given an opportunity of being heard and no show cause notice was served on him. He wants to institute a suit against the management. Will he succeed?

7. Rajiv, an employee of the stores department of a factory, had been in employment for six years. Two years back, he was suspended for one day due to misbehaviour with his supervisor. Subsequently, he was also alleged to have attempted to steal a few items of stores. On an enquiry, he was found guilty and his services were terminated. Is he entitled to the gratuity due to him?

8. Mr.Ram joined Bells Assam Ltd. on 26-11-1980 and superannuated on 31-5-2006. On the date of retirement, his monthly salary was Rs. 24,000/-. He also received overtime of Rs.2,000. Calculate the amount of Gratuity.

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6. EPF & Misc. ACT, 1952 [EPF is IMP. Read all A,B Category Questions]

No. Question Source

1. The Employees’ Deposit Linked Insurance Scheme, under Section 6C of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 has been amended by the Central Government. State the relevant amendments made in the Scheme by Employees’ Deposit Linked Insurance (Amendment) Scheme, 2014.

2. Is the amount standing to the credit of a member of the Provident Fund attachable in the execution of decree or order of the Court? Examine the law, on this point, laid down in the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.

RTP M 15

3. Explain the provisions of EPF Act, relating to ‘Employees Pension Scheme’ and its salient features. Also discuss the relevant amendments in the scheme as per Employee’s Pension (Amendment) Scheme, 2014.

4. Explain the provisions of the EPF Act relating to Employee’s Provident Fund Scheme and its salient features. Also discuss the relevant amendments in the scheme as per Employee’s Provident Funds (Amendment) Scheme, 2014.

5. What do you know about the constitution, rights and duties of the central board of trustees, with regard to EPF Act?

6. Explain the provisions of EPF Act with regard to determination of ‘escaped amount’ after an officer has passed an order concerning determination of amount due from an employer under the Act.


8. State the provisions of the EPF Act, 1952 with regard to recovery of money due from the Employer.

MM Material

9. Vimal is an employee in a Company. The following payments were made to him during the previous year: i. Piece rate wages ii. Productivity bonus iii. Additional dearness allowance iv. Value of Puja gift.

10. Examine as to which of the above payments form part of “Basic Wage” of Vimal under the Employees Provident Fund and Miscellaneous Provisions Act, 1952. State the law with respect to protection of the amount standing to the credit of an employee in provident fund under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. X, an employee in ABC Ltd died in an accident. Examine, to whom the amount standing in his account be payable under the provisions of the EPF & MP Act, 1952.

MM Material

*Total Bonus Act is important. Read all the A and B category questions*

7. PAYMENT OF BONUS ACT, 1965 [Bonus Act is IMP Read all A,B – Category Questions]

No. Question Source

1. How to compute Gross Profit U/S 4 & Deductions as prior charges U/S 6?

2. What is the time limit for payment of bonus and what action can be taken by an employee for the recovery of bonus due from his employer?

3. When the Payment of Bonus Act is applicable to the establishment in public sector?

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4. X, a temporary employee drawing a salary of ` 3,500 per month, in an establishment to which the Payment of Bonus Act, 1965 applies was prevented by the employers from working in the establishment for two months during the financial year 2014-2015, pending certain inquiry. Since there were no adverse findings ‘X’ was re-instated in service, later, when the bonus was to be paid to other employees, the employers refuse to pay bonus to ‘X’, even though he has worked for the remaining ten months in the year. Referring to the provisions of the Payment of Bonus Act, 1965 examine the validity of employer’s refusal to pay bonus to ‘X’.

5. X, an employee of company, retired on 31st March, 2014 and died after few months. The heir of X, applied within the prescribed time to the company for payment of due bonus of X. The company refused to pay the bonus. Examine the validity of the company's refusal and also state the procedure to recover the bonus under the provisions of the Payment of Bonus Act, 1965.

RTP M 15

6. Standard Airways Limited was incorporated at Chennai in the year 2005, employing 125 workmen. Due to strike of workers, mismanagement in the company and accidental loss of the assets, the company suffered heavy losses continuously since its incorporation, resulting in a large part of the capital and assets getting wiped out. Consequently, the company moved an application to the Government of Tamilnadu requesting to exempt the company fully from the application of the provisions of the Payment of Bonus Act, 1965. Decide, whether the Government of Tamilnadu may grant exemption to the Company. State the provisions of law in this regard as stated under the Payment of Bonus Act, 1965

MM Material

7. On 1st January, Aryan Textiles Ltd agreed with its employees, for the payment of an annual bonus linked with production or productivity instead of bonus based on profits subject to the limit of 30% of Salary & Wages during the relevant accounting year. It was also agreed by the employees that they will not claim Minimum Bonus stated U/s.10 of the payment of Bonus Act, 1965. As per the agreement the employees of the company claimed the annual bonus linked with production or productivity in the relevant accounting year. On refusal of the Co., the employees of the Company moved to the Court for relief. Decide whether the employees will get the relief. Inspite of the aforesaid agreement whether the employees are still entitled to receive Minimum Bonus?

MM Material

8. Skypark Wooden Toys Limited was established at Kolkota in the year 2005 employing 100 workmen. Since then, the company suffered losses, but minimum bonus was paid in the accounting years of 2006 and 2007. In the accounting year 2008 the company earned huge profits. After mitigating the previous losses the company is having surplus profits and wants to pay the bonus to its workmen. Skypark Wooden Toys Limited wants legal advice on the following issues:

a) How much minimum and maximum bonus may be paid to the workmen?

b) Whether the company may adjust the puja bonus already paid to the workmen while calculating the amount of bonus payable to workmen for that accounting year.

c) Company wants to give wooden toys as bonus instead of cash. Whether the company can do so?

d) Advise Skylark Wooden Toys Limited, stating the provisions of the Payment of Bonus Act, 1965

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9. ABC Textiles Ltd. employed 20 full-time and 5 part-time employees who were drawing salary less than Rs. 10,000 per month. After completing service of 28 days, in an accounting year, 10 full-time employees submitted their resignations and left the service of the company. The Board of directors of this company decided not to give the bonus to the employees, who resigned, to the remaining full-time employees and to the part-time employees. Against the decision, all the employees applied to the court for relief. Decide, stating the provisions for the Payment of Bonus Act, 1965, whether the employees who resigned, remaining full-time employees and part-time employees will get relief.

10. During the financial year 2010-2011 Mr. Ram was a temporary employee in Ayurved Products Limited and drawing a salary of Rs 6000/- per month. On the basis of charge of violent behavior within the premises of the company, he was prevented from working in the company for 60 days pending inquiry. Since there was no adverse conclusion against him, he was reinstated in the service with back salary. He worked for the remaining ten months in that financial year and thereafter resigned from the service. Afterwards, when bonus was paid to others employees, the company refused to pay bonus to Mr. Ram. Decide, whether Mr. Ram will be entitled to bonus under the provisions of the Payments of Bonus Act, 1965?

*Total EPF Act is important. Read all the A and B category questions*

8. N.I ACT, 1881 No. Question Source 1. Mr. Wise obtains from Mr. Decent, a cheque crossed ‘Not Negotiable’

fraudulently. He later transfers the cheque to Mr. T, who gets the cheque encashed from Bank, which is not the Drawee Bank. Mr. Decent comes to know about the fraudulent act of Mr. Wise, he sues Bank for the recovery of money. Examine with reference to the relevant provisions of the Negotiable Instruments Act, 1881, whether Mr. Decent will be successful in his claim. Would your answer be still the same in case Mr, Wise does not transfer the cheque and gets the cheque encashed from Bank himself?

RTP M 15

2. Bal Bharti executed a promissory note in favour of Kulbhushan for ` 1 crore. The said amount was payable three days after sight. Kulbhushan, on maturity, presented the promissory note on 1st January, 2015 to Bal Bharti. Bal Bharti made the payments on 4th January, 2015. Kulbhushan wants to recover interest for one day from Bal Bharti. Advise Bal Bharti, in the light of provisions of the Negotiable Instruments Act, 1881, whether he is liable to pay the interest for one day?

RTP M 15

3. What is a promissory note? State the essential features of a promissory note?

4. Bharat executed a promissory note in favour of Bhushan for Rs.5 crores. The said amount was payable three days after sight. Bhushan, on maturity, presented the promissory note on 1st January, 2008 to Bharat. Bharat made the payments on 4th January, 2008. Bhushan wants to recover interest for one day from Bharat. Advise Bharat, in the light of provisions of the Negotiable Instruments Act, 1881, whether he is liable to pay the interest for one day?

5. What is meant by cheque? State the essential features of a valid cheque?

6. Mr. X executed an account payee cheque on the name of the Mr. B for the amount of rupees 20,000. Mr. B submitted the cheque in the bank. Later b finds that no amount have been credited to his account. In fact the amount has been credited to some other person with the same name. State the legal position of b with respect to the negotiable instruments Act, 1881

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7. Discuss with reasons, whether the following persons can be called as a ‘holder’ under the Negotiable Instruments Act, 1881: a) X who obtains a cheque drawn by Y by way of gift. b) A, the payee of the cheque, who is prohibited by a court order from

receiving the amount of the cheque. c) M, who finds a cheque payable to bearer, on the road and retains it. d) B, the agent of C, is entrusted with an instrument without endorsement

by C, who is the payee. e) B, who steals a blank cheque of A and forges A’s signature.

8. A bill is dishonoured by non-acceptance. The bill is endorsed to 'A'. 'A' endorses it to 'B'. As between 'A' and 'B', the bill is subject to an agreement as to the discharge of 'A'. The bill is afterwards endorsed to 'C', who takes it with notice of dishonour. Decide, with reasons, whether 'C' is entitled to accept the bill in the capacity of a holder in due course.

9. X a major, and M, a minor, executed a promissory note in favour of P. Examine with reference to the provisions of the Negotiable Instruments Act, the validity of the promissory note and Whether it is binding on X and M.

10. State the provisions relating to material alteration.

11. Write down the legal rules regarding notice of dishonour?

12. Raman is the payee of an order cheque. John steals the cheque and forges Raman’s signatures and endorses the cheque in his own favour. John then further endorses the cheque to Anil, who takes the cheque in good faith and for valuable consideration. Examine the validity of the cheque as per provisions of the Negotiable Instruments Act, 1881 and also state whether Anil can claim the privileges of a Holder in Due course.

13. X a major, and M, a minor, executed a promissory note in favour of P. Examine with reference to the provisions of the Negotiable Instruments Act, the validity of the promissory note and Whether it is binding on X and M.

14. A draws a cheque in favour of M, a minor. M endorses the same in favour of X. The cheque is dishonored by the bank on grounds of inadequate funds. Discuss the rights of X.

15. Mr. Clever obtains fraudulently from J a cheque crossed 'Not Negotiable'. He later transfers the cheque to D, who gets the cheque encashed from ABC Bank, which is not the Drawee Bank. J, on coming to know about the fraudulent Act of Clever, sues ABC Bank for the recovery of money. Examine with reference to the relevant provisions of the Negotiable Instruments Act, 1881, whether J will be successful in his claim. Would your answer be still the same in case Clever does not transfer the cheque and get the cheque encashed from ABC Bank himself?

16. What are the penalties prescribed under the negotiable instrument Act in case of dishonour of a cheque for insufficiency of funds in the account of the person issuing the cheque?

17. Referring to the provision of the Negotiable Instruments Act, 1881, examine the validity of the following: ‘A Bill of Exchange originally drawn by M for a sum of Rs. 10,000, but accepted by R only for Rs. 7,000.’

18. A promissory note was made without mentioning any time for payment. The holder added the words “on demand” on the face of the instrument .Does this amount to material alteration?

19. A cheque is drawn payable to “B or order”. It is stolen and the thief forges B’s endorsement and endorses it to C. The banker pays the cheque in due course. Can B recover the money from the banker.

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1. THE INDIAN CONTRACT ACT, 1872

No. Question Source 1. State with reason whether there is any contract made in the following case

as per the Indian Contract Act, 1872: “J accepts an invitation to dinner but fails to attend”

2. 'All contracts are agreements, but all agreements may not be contracts'. 3. Define an offer. Explain the rules of an offer. How an offer is different from

an invitation to offer? 4. Explain in brief the rules relating to 'Acceptance' of an offer under the

provisions of the Indian Contract Act, 1872 5. Ramaswami proposed to sell his house to Ramanathan. Ramanathan sent

his acceptance by post. Next day, Ramanathan sends a telegram withdrawing his acceptance. Examine the validity of the acceptance in the light of the following: i) The telegram of revocation of acceptance was received by Ramaswami

before the letter of acceptance. ii) The telegram of revocation and letter of acceptance both reached

together. 6. Whether gratuitous promise can be enforced? 7. ‘An agreement entered into with a minor may be ratified on his attaining

majority’.Comment 8. Explain the validity of agreements in restraint of trade. 9. Explain the rules under the Indian Contract Act, 1872 as regards to time

and place for the performance of the promise? 10. Akhilesh entered into an agreement with Shekhar to deliver him (Shekhar)

5,000 bags to be manufactured in his factory. The bags could not be manufactured because of strike by the workers and Akhilesh failed to supply the said bags to Shekhar. Decide whether Akhilesh can be exempted from liability under the provisions of the Indian Contract Act, 1872

11. State in brief, the grounds on basis of which a contract is discharged under the provisions of Indian Contract Act, 1872.

12. What is meant by Anticipatory Breach of Contract? 13. How the damages can be calculated on the breach of contract? 14. Enumerate the differences and similarities between ‘wagering agreements’

and ‘contingent contracts’. 15. Z rent out his house situated at Mumbai to W for a rent of ` 10,000 per month.

A sum of ` 5 lac, the house tax payable by Z to the Municipal Corporation being in arrears, his house is advertised for sale by the corporation. W pays the corporation, the sum due from Z to avoid legal consequences. Referring to the provisions of the Indian Contract Act, 1872 decide whether W is entitled to get the reimbursement of the said amount from Z

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2. BAILMENT & PLEDGE

No. Question Source 1. Write about Bailee’s Right of Lien? 2. State the provisions relating to Pledge by Non – Owners

3. A hires a car from B and agrees to pay Rs.5,000 as hire charges. The car is not safe, though B is unaware of it. A is injured and claims compensation for injuries suffered by him. B refuses to pay. Discuss the liability of B.

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2ND PRIORITY PROBLEMS / QUESTIONS – YOU MAY GET THESE PROBLEMS / QUESTIONS

IF THE QUESTION PAPER IS SET IN AN UNUSUAL MANNER


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4. P, who wanted to see a cinema, parked his car in D’s grounds after having paid a Rupee and obtained a “Car park ticket”. He returned from the cinema and found that the car had been stolen by someone. P sued D for his negligence. Decide the liability of D

5. What is meant by Pledge or Pawn? What are the essential features of Pledge?

3. INDEMNITY & GUARANTEE

No. Question Source 1. State the rights of a Surety against the Principal Debtor, Creditor and Co-

sureties. 2. Write about Specific Guarantee and Continuing Guarantee? 3. S1, S2 and S3 are sureties to C for a sum of Rs.4,000 lent to P. P makes

a default to the extent of Rs.3,000. Discuss the liability of sureties in each of the following alternative cases: Case (a): If there is no contract between sureties. Case (b): If there is a contract between sureties that S1 is responsible to the extent of one-quarter, S2 to be responsible to the extent of one quarter and S3 to be responsible to the extent of two quarters. Case (c): If sureties enter into three separate security bonds of different amounts. S1- Rs.700, S2 –Rs.1,100, and S3-Rs.1,200.

4. M advances to N Rs 5,000 on the guarantee of P. The loan carries interest at ten percent per annum. Subsequently, N becomes financially embarrassed. On N’s request, M reduces the interest to six per cent per annum and does not sue N for one year after the loan becomes due. N becomes insolvent. Can M sue P?

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4. CONTRACT OF AGENCY No. Question Source 1. A Delegatee can’t further delegate? 2. State the position of Unnamed Principal towards third parties. 3. Discuss the extent of Agent’s authority. 4. State the liability of named Principal for the contracts entered by the agent

on his behalf? 5. A appoints M, a minor, as his agent to sell his watch for cash at a price not

less than Rs.700. M sells it to D for Rs.350. Is the sale valid? Explain the legal position of M and D, referring to the provisions of the Indian Contract Act, 1872

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6. D, a carrier, discovers that a consignment of tomatoes owned by E has deteriorated badly before the destination was reached. D was not able to communicate with E. He, therefore, sold the consignment for what he can get, which was about one third of the market price for good tomatoes. E sues D for damages. D claims that he was an agent of necessity. Advise him

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5. PAYMENT OF GRATUITY ACT - 1972 No. Question Source 1. Establishments covered under the Payment of Gratuity Act? 2. Describe the legal provisions as to compulsory insurance U/S 4A of the

payment of gratuity Act, 1972. 3. Describe the powers of inspectors under the Payment of Gratuity Act. 4. Explain the provisions in respect of disputes as to gratuity. 5. Explain the provisions as to nomination for gratuity.

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6. EPF & Misc. ACT, 1952 [EPF is IMP. Read all A,B Category Questions]

No. Question Source

1. Explain the powers of the Commissioner to determine money due from employers under the EPF Act.


3. What is the liability of an Employer for delay in payment of claims due from him?

4. State the provisions of the EPF Act, 1952 with regard to recovery of money due from the Employer.

5. State briefly the provisions of the EPF Act, 1952 regarding nomination, withdrawal and payment of the fund.

6. Explain the provisions of the EPF Act, authorizing certain employers to maintain a provident fund account?

7. R, a 57 years old district judge was appointed by the Central Government as Presiding Officer of the Employee’s Provident Funds Appellate Tribunal for a period of five years. After three years, he (R) resigns from his office and ceases to work with immediate effect without handing over the charge to his successor, who was not appointed by the Government till that date. Examine the validity of R’s action to cease work under the provisions of the Employee’s Provident Funds and Miscellaneous Provisions Act, 1952.

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7. PAYMENT OF BONUS ACT, 1965 [Bonus Act is IMP Read all A,B – Category Questions]

No. Question Source 1. The employer is a banking company. Point out so as to what items are

required to be added to the “Net Profit” by the employer for calculating the “Gross Profit” in accordance with the First Schedule of the Payment of Bonus Act, 1965.

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2. How will you determine the direct tax payable by the employer for the purpose of computation of “Available Surplus” for an accounting year?

3. What deductions are allowed under the 3rd schedule of the Payment of Bonus Act in determining the 'available surplus', in case of a Non-banking company, Banking company, Corporation, Co-operative society & Partnership firm, Individual, HUF, etc.?

4. Explain the provisions related "set on & set off" of allocable surplus (sec.15)

5. Explain the provisions of the payment of bonus Act, regulating the payment of bonus by new establishments?

6. Circumstances under which different departments of a company can be treated as a separate establishment for the payment of bonus.

7. State the provisions relating to cognizance of offences under the payment of bonus Act, 1965

8. A is an employee of a company. The amount of the bonus payable to A during the year 2006- 07 is Rs.10,000, but the company paid him Rs.7,000 only and a sum of Rs.3,000 was deducted from bonus against the loss suffered by the company due to misconduct of A during the same accounting year. A filed a suit against the company for recovery of the deducted amount. Decide whether A would be given any relief by the court under the provisions of the Payment of Bonus Act, 1965? What will be your answer, if the losses are related to the accounting year 2005-06?

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8. N.I ACT, 1881

No. Question Source

1. State some presumptions as to negotiable instruments?

2. Write about different types of negotiable instruments?

3. What is meant by payment in due course?

4. Who is a holder? State the conditions to be satisfied to become a holder?

5. Define the term endorsement? Write down the essential features of valid endorsement? Write about different types of endorsement?

6. Write down the legal provisions relating to presentment for payment?

7. Write down the legal rules regarding notice of dishonour?

8. Write a short note on noting and protesting?

9. When do the parties to a negotiable instrument get discharged?

10. Define the terms banker and customer? State the relationship between them?

11. State the liability of a banker for wrongful dishonour of a cheque?

12. A draws a bill of exchange on B for Rs.1,000 payable to the order of A. B accepts the bill but subsequently dishonours it by non-payment. A sues B on the bill. B proves that it was accepted for value as to Rs.500 and as an accommodation to the plaintiff as to the residue. Can A recover Rs.1,000?

13. Promissory note dated 1st February, 2001 payable two months after the date was presented to the maker for payment 10 days after maturity. What is the date of Maturity? Explain with reference to the relevant provisions of the ‘Negotiable Instruments Act, 1881 whether the endorser and the maker will be discharged by reasons of such delay.

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14. X draws a bill on Y but signs it in the fictitious name of Z. The bill is payable to the order of Z. The bill is duly accepted by Y. M obtains the bill from X thus becoming its holder in due course. Can Y avoid payment of the bill? Decide in the light of the provisions of the Negotiable Instruments Act, 1881.

15. J purchases some bills amounting to Rs.1,727 for a sum of Rs. 200 only. He knows at the time of purchase that both drawer and the acceptor are in embarrassed circumstances but accepts them without enquiry and explanation. The bill proved to have been obtained by fraud. J insists that he is a holder in due course and is therefore entitled to get the full value of the instruments. Will he succeed?

16. A draws a cheque in favour of B. A's clerk forges B's endorsement and negotiates the cheque to C, who takes it in good faith and for value. C receives payment on the cheque. Discuss the rights of A and C. In the given problem, issues involved are: Can A claim the reimbursement of the payment from his bank for the payment having been made to a person under forged endorsement? C having received the payment, does he enjoy the right of retaining the amount?

17. X, by inducing Y, obtains a Bill of Exchange from him fraudulently in his (X) favour. Later, he enters into a commercial deal and endorses the bill to Z towards consideration to him (Z) for the deal. Z takes the Bill as a holder in due course. Z subsequently endorses the bill to X for value, as consideration to X for some other deal. On maturity, the bill is dishonoured. X sues Y for recovery of money. With reference to the provisions of Negotiable Instruments Act, decide whether X will succeed in the case

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COMPANY LAW

1 . COMPANY BASIC CONCEPTS

No. Question Source 1. What are the circumstances under which corporate entity will be disregarded

or exceptions to the doctrine/rule of ‘veil of incorporation’

2. Some of the creditors of M/s Get Rich Quick Ltd. have complained that the company was formed by the promoters only to defraud the creditors and circumvent the compliance of legal provisions of the Companies Act, 2013. In this context they seek your advice as to the meaning of corporate veil and when the promoters can be made personally liable for the debts of the company.

3. F, an assessee, was a wealthy man earning huge income by way of dividend and interest. He formed three private companies and agreed with each to hold a block of investment as an agent for them. The dividend and interest income received by the companies was handed back to F as a pretended loan. This way, F divided his income into three parts in a bid to reduce his tax liability. Decide, for what purpose the three companies were established? Whether the legal personality of all the three companies may be disregarded or not?

4. Define a company and explain its features?

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2. CLASSES OF COMPANIES

No. Question Source 1. Define the term “Body Corporate as per Companies Act, 2013.

2. What is meant by a Guarantee Company? State the similarities and dissimilarities between a Guarantee Company and a Company having Share Capital.

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3. Can a non-profit organization be registered as a company under the Companies Act, 2013? If so, what procedure does it have to adopt? RTP M-15

4. Write the difference between Private company and One person company. 5. Under what circumstances a company becomes subsidiary of another

company under the provisions of the Companies Act, 2013? 6. What is an “Associate company”?

7. Explain what is A) Small Company B) Dormant company C) Nidhi Company.

8. Write about Public Financial Institutions

9. Procedure for conversion of a private co. into a public company?

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3. PROMOTION & INCORPORATION OF A COMPANY

No. Question Source 1. Which documents are required to be filed with the Registrar of Companies at

the time of registration of a company under the provisions of the Companies Act, 2013?

2. What is a One person company? What is the law with respect to formation of OPC as per Companies Act, 2013?

3. Write about Certificate of Commencement of Business. 4. Define “Promoter” as per Companies Act, 2013

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5. Explain the legal validity of preliminary contracts entered into by the company. Is the company bound by such contracts

6. The promoters of your Company, incorporated on 9th April, 1996, had entered into a contract with M on 8th March, 1996 for supply of goods. After incorporation, your Company does not want to proceed with the contract. As a Company secretary, advise the management.

4. MEMORANDUM & ARTICLES OF ASSOCIATION

No. Question Source

1. The Directors of “Sunrise Computers Ltd” desire to change the company’s name to “Royal Computers Ltd” and seek your advice. Explain the procedure to be followed, for the said purpose, under the companies Act, 2013?

2. What is the importance of registered office of a company? State the procedure for shifting of registered office of the company from one state to another under the provisions of the companies Act, 2013.

3. State the procedure and limitations as regard to the alteration of the AOA.

4. State the meaning of the “doctrine of indoor management”. Under what circumstances is the doctrine not applicable?

5. An ultra virus transaction will not affect the right to acquire the property of a company.

6. M/s ABC Ltd. a company registered in the State of West Bengal desired to shift its registered office to the State of Maharashtra. Explain briefly the steps to be taken to achieve the purpose. Would it make a difference, if the Registered Office is transferred from the Jurisdiction of one Registrar of Companies to the Jurisdiction of another Registrar of Companies within the same state?

7. The Secretary of a Company issued a share certificate to `A' under the Company's seal with his own signature and the signature of a Director forged by him. `A' borrowed money from `B' on the strength of this certificate. `B' wanted to realize the security and requested the company to register him as a holder of the shares. Explain whether `B' will succeed in getting the share registered in his name.

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8. The Articles of a Public Company clearly stated that Mr. A will be the solicitor of the company. The company in its general meeting of the shareholders resolved unanimously to appoint B in place of A as the solicitor of the company by altering the articles of association. Examine, whether the company can do so? State the reasons clearly.

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5. PROSPECTUS

No. Question Source

1. Define the term Prospectus MM Material

2. A company issued a prospectus. All the statements contained therein were literally true. It also stated that the company had paid dividends for a number of years, but did not disclose the fact that the dividends were not paid out of trading profits, but out of capital profits. An allottee of shares wants to avoid the contract on the ground that the prospectus was false in material particulars. Decide.

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3. An allottee of shares in a Company brought action against a Director in respect of false statements in prospectus. The director contended that the statements were prepared by the promoters and he has relied on them. Is the Director liable under the circumstances? Decide referring to the provisions of the Companies Act, 2013 What is private placement? Describe the procedure for private placement of securities by a Company as per the provisions of the Companies Act, 2013.

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4. What is the procedure for variation in terms of contract or objects in prospectus and requirements that needs to be complied with?

5. What is the procedure to be followed in case of “Offer of sale of shares” by certain members of company?

6. Discuss about abridged prospectus.

7. Who is an expert? When is he liable for any mis-statement in the prospectus? When is he not liable?

8. Explain the concept of “Deemed Prospectus” under the Companies Act, 2013. Point out the circumstances where under issuing of prospectus is not mandatory.

9. Peek Ltd. Co. issued and published its prospectus to invite the investors to purchase its shares. The said prospectus contained false statement. Mr. X purchased some partly paid shares of the company in good faith on the stock exchange. Subsequently, the company was wound up and the name of Mr. X was in the list of contributors. Decide: i) Whether Mr. X is liable to pay the unpaid amount? II) Can Mr. X sue the directors of the company to recover damages

10. X Co. Ltd, intended to buy a rubber estate in Peru. Its prospectus contained extracts from an experts’ report giving the number of rubber trees in the estate. The report was inaccurate. Will any shareholder buying the shares of the Co. on the basis of the above representation have any remedy against the Co.? Can the persons authorizing the issue of prospectus escape from their liability?

11. As per the Companies Act, 2013, any document by which the offer or sale of shares or debentures to the public is made shall for all purpose be treated as prospectus issued by the company.

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6. ALLOTMENT OF SECURITIES & UNDERWRITING

No. Question Source 1. In what way does the Companies Act, 2013 regulate and restrict the

following in respect of a Company going for public issue of securities: a) Minimum Subscription; and b) Application Money payable on securities being issued?

2. What is a Depositary receipt? Discuss the provisions of the Companies Act, 2013 and rules relating to issue of global depositary receipts by an Indian Company.

3. The Board of Directors of a company decides to pay 5% of issue price as underwriting commission to the underwriters. On the other hand the Articles of Association of the company permit only 3% commission. The Board of Directors further decide to pay the commission out of the proceeds of the share capital. Are the decisions taken by the Board of Directors valid under the Companies Act, 2013?

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7. DEPOSITS

No. Question Source 1. Define the term “deposit”. What are exempted deposits? 2. Discuss the provisions of the Companies Act, 2013 with respect to

acceptance of deposits from public by certain companies having high net worth or high turnover as may be prescribed [Sec 76 of the Companies Act, 2013].

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8. MEMBERSHIP

No. Question Source 1. State the circumstances under which a member may not be a shareholder

or a shareholder may not be a member. 2. Can a minor become a member of a company? 3. Can a public ltd. Co. become a member of another public Ltd. Co.? 4. A company wants to close its register of members for a period of 60 days

at a time. Discuss according to provisions of the Companies Act, 2013 and related rules whether the Company can do so? (Or) Explain the power of the company to close the register of members or debenture holders or other security holders as per the Companies Act, 2013.

5. What does the Companies (Management and Administration) Rules, 2014 provides for with respect to Index of names to be included in Register of members?

6. X had applied for the allotment of 1,000 shares in a Company. No allotment of Shares was made to him by the company. Later on, without any further application from X, the Company transferred 1,000 partly-paid shares to him and placed his name in the Register of members. X, knowing that his name was placed in the Register of Members, took no steps to get his name removed from the Register of Members. The company later on made the final call. X refuses to pay for this call. Examine whether his (X’s) refusal to pay for the call is tenable and whether he can escape himself from the liability as a member of the company.

7. RSP Limited, allotted 500 fully paid-up shares of Rs.100 each to Z, a minor, in response to his application without knowing that he was a minor and entered his name in the Register of Members. Later on, the company came to know of this fact. The company cancelled the allotment and struck-off his name from the Register of Members and also forfeited his entire share money. Z filed a suit against the action of the company. Decide whether Z would be given any relief by the court under the provisions of the Companies Act, 2013.

8. Person whose name has been entered in the register of members are the shareholders of the company. State Correct or not

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9. SHARE CAPITAL

No. Question Source 1. What is share certificate? Write the form, contents etc. of share

certificate? 2. Sushil, a shareholder, holding 100 shares in XYZ Ltd. applied to the

Company for issuing of a duplicate shares certificate. As a Company secretary advise the Company with particular reference to the circumstances and conditions subject to which duplicate shares certificates can be issued.

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3. Mr. John held certain partly paid up shares of Ltd. company. The company asked him to pay the final call money on the shares. Due to some unavoidable circumstances he was unable to pay the amount of call money to the company. At a general meeting of the shareholders, the chairman disallowed him to cast his vote on the ground that the articles do not permit a shareholder to vote if he has not paid the calls on the shares held by him. John contested the decision of the Chairman. Referring to the provisions of the Companies Act, 2013 decide whether the contention of John is valid.

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4. Write about issue of shares at a premium.

5. What is meant by sweat equity shares? What are the conditions to be fulfilled by a co. proposing to issue sweat equity shares.

6. Can a Company Issue of further shares to persons other than existing ESH’S?

7. Reduction of share capital Vs. Diminution of share capital.

8. When a Company is prohibited from buying back its shares?

9. A Public Company proposes to purchase its own shares. State the source of funds that can be utilised by the Company for purchasing its own shares and the requirements to be complied with by the Company under the Companies Act before and after the shares are so purchased.

10. Mars India Ltd. owed to Sunil Rs. I,000.On becoming this debt payable, the company offered Sunil 10 shares of Rs. 100 each in full settlement of the debt. The said shares were fully paid and were allotted 'to Sunil. Examine the validity of this allotment in the light of the provisions of the Companies Act, 2013.

11. German Pharmaceuticals Limited is a zero debt company having 10 lakhs Equity shares of Rs.10 each. The Directors desire to buy back its own shares. Can it do so? If so, how?

12. Discuss the provisions relating to issue of bonus shares by the Company.

13. State the purposes for which the Securities Premium Account can be used under the provisions of the Companies Act, 2013.

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10. CALLS & FORFEITURE

No. Question Source

1. Write the provisions of Payment of calls in advance?

2. When shares may be forfeited? Explain the procedure and relevant rules as per Companies Act 2013.

3. “Moon star Ltd” is authorized by its articles to accept the whole or any part of the amount of remaining unpaid calls from any member although no part of that amount has been called up. ‘A’, a shareholder of the Moon star Ltd., deposits in advance the remaining amount due on his shares without any calls made by “Moon star Ltd”.

4. Referring to the provisions of the Companies Act, 2013, state the rights and liabilities of Mr.A, which will arise on the payment of calls made in advance.

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11. TRANSFER & TRANSMISSION OF SHARES

No. Question Source

1. State the restrictions on transfer of shares in a Private and a Public company?

2. What is a forged transfer?

3. Write about transfer and transmission of shares

4. Write about nomination facility in respect of shares?

5. A Company refuses to register transfer of shares made by X to Y. The Company does not even send a notice of refusal to X or Y within the prescribed period. Has the aggrieved party any right(s) against the Company for such a refusal? Advise.

6. ‘A’ Commits forgery and thereby obtains a share certificate for transfer of shares from a Company and transfers the shares to ‘B’ for value, Acting in good faith. Company refuses to transfer the shares to ‘B’. Whether the Company can refuse? Decide the liability of ‘A’ and of the Company towards ‘B’.

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7. Mr. ‘Y’ the transferee, acquired 250 equity shares of BRS Limited from Mr, ‘X’, the transferor. But the signature of Mr. ‘X’, the transferor, on the transfer deed was forged. Mr. ‘Y’ after getting the shares registered by the company in his name, sold 150 equity shares to Mr. ‘Z’ on the basis of the share certificate issued by BRS Limited. Mr. ‘X’ and ‘Z’ were not aware of the forgery. State the rights of Mr.’X’, ‘Y’ and ‘Z’ against the company with reference to the aforesaid shares.

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12. DEBENTURES

No. Question Source

1. Define Debenture. What is the time limit for its issue?

2. Write the rules relating to duty of the company to create debenture redemption reserve.

3. Issue of debentures with voting rights is not permissible. State whether true or not.

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13. CHARGE

No. Question Source

1. What is a charge? What are the types of charges?

2. What is crystallization of floating charge?

3. What are the differences between fixed charge & floating charge?

4. A Company makes a default in filling with the ROC, particulars of a charge created on the assets of the company. Explain the provisions with regard to the condonation of such delay.

5. Write about register of charges? Discuss the related provisions.

6. XYZ limited realized on 3rd November, 2014 that particulars of charge created on 11th September, 2014 in favour of a bank were not filed with the Registrar of Companies for registration. What procedure should the company follow to get the charge registered with the Registrar of Companies?

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14. GENERAL MEETINGS - I

No. Question Source

1. Explain the provisions of the Act, with regard to holding of an AGM by a Company. MM Material

2. M. H. Company Limited served a notice of general meeting upon its shareholders. The notice stated that the issue of sweat equity shares would be considered at such meeting. Mr. 'A', a shareholder of the M. H. Company Limited complains that the issue of sweat equity shares was not specified fully in the notice. Is the notice issued by M. H. Company Limited regarding issue of sweat equity shares valid according to the provisions of the Companies Act, 2013? Explain in detail.

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3. State the provisions of the companies Act regarding calling and holding an EGM with respect to Power of the Tribunal to order a meeting to be called under Sec.186.

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4. What are the provisions of the Companies Act relating to service of notice of a meeting? MM Material

5. Discuss the contents that needs to be disclosed in a notice. MM Material

6. What are Types of Business which may be transacted at an Annual General Meeting? MM Material

7. STD Ltd. convened its Board of Directors meetings on 1st August, 2008 During the course of the meeting the date for calling annual general meeting was discussed but no decision could be taken on it in the meeting. However, the Secretary of the company issued the notice for calling the annual general meeting of the shareholders without taking any authority from the Board of Directors. State who is the proper authority to issue the notice for calling the annual general meeting and to whom such notice is to Be Given

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8. ABC Ltd. called its Annual general meeting on 7th September, 2005. The notice of AGM was posted on 16th August, 2005. One member holding 20 shares wishes to challenge the resolutions passed at the AGM on the ground that the notice was not valid. What advise would you give to him?

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9. Ashok Ltd issued a notice for holding its AGM on 7th November. Notice was posted to Members on 16th October. Some of the Members alleged that the company had not complied with the Act as regards period of Notice and as such meeting was not validly called. Decide: a) Whether the meeting has been validly called? b) If there is a shortfall in the number of days by which notice falls short

of the statutory requirement, explain by how many days notice fall short of statutory requirement?

c) Can the shortfall, if any, be condoned?

MM Material

10. A Company served a notice of General Meeting upon its members. The notice stated that a resolution to increase the share capital of the Company would be considered at such Meeting. A shareholder complains that the amount of the proposed increase was not specified in the notice. Is the notice valid?

MM Material

15. GENERAL MEETINGS - II

No. Question Source 1. Write a note on “Circulation of Members Resolution” - Section 111 of the

Companies Act, 2013 2. What are the statutory provisions as regards quorum for calling general

meeting?

MM Material


Page 33 of 98

3. What is poll? What are the provisions relating to voting by poll? 4. What is postal ballot? Discuss the procedure for ascertaining the views of

members by postal ballot 5. What are the provisions of the Compaies Act, 2013 relating to ‘inspection’

of minutes books of a general meeting? 6. Outline some eight matters for which an ordinary resoluion would be sufficient. 7. The Articles of Association of X ltd., require the personal presence of six

members to constitute of General Meetings. The following persons were present at the time of commencement of an extraordinary general meeting to consider the appointment of Managing Director. Mr. G. the representative of Governor of Gujarat., Mr. A and Mr. B shareholders of Preference shares., Mr. L., representing M Ltd N Ltd and X Ltd., Mr. P, Mr. Q, Mr. R and Mr. S who were proxies of shareholders. Can it be said that quorum was present? Discuss.

8. The quorum for a General meeting of a public company is 15 members personally present according to the provisions of the articles of association of the company. Examine with reference to the provisions ¬of the Companies Act, 2013 whether there is proper quorum at a General meeting of the company which was attended by the following persons 13 members personally present, 2 members represented by proxies who are not members of the company, One person representing two member companies.

9. Annual general meeting of a public Company was scheduled to be held on 15.12.1989. Mr.X, a shareholder, issued two proxies in respect of the shares held by him in favour of Mr. A and Mr. B. The proxy in favour of Mr. B was lodged on 12.12.1989 and the one in favour of Mr. A was lodged on 15.12.1989. The Company rejected the proxy in favour of Mr. B as the proxy in favour of Mr. B was dated 12.12.1989 and that in favour of Mr. A was dated 13.12.1989. Is the rejection by the Company in order?

10. A General Meeting to be held on 15th April, 2014 at 4.00 P.M. As per the notice the members who are unable to attend the meeting in person can appoint a proxy and the proxy forms duly filled should be sent so as to reach at least 48 hours before the meeting. Mr. A, a member of the company appoints Mr. P as his proxy and the proxy form dated 10.4.2014 was deposited by Mr. P with the company at its Registered Office on 11.04.2014. However, Mr. A changes his mind and on 12.04.2014 gives another proxy to Mr. Q and it was deposited on the same day with the company. Similarly another member Mr. B also gives to separate proxies to two individuals named Mr. R and Mr. S. In the case of Mr. R, the proxy dated 12.04.2014 was deposited with the company on the same day and the proxy form in favour of Mr. S was deposited on 14.04.2014. All the proxies viz., P, Q, R and S were present before the meeting.

In the light of the relevant provisions of the Companies Act, 2013 who would be the persons allowed to represent at proxies for members A and B respectively?

MM Material

16. Misc. MATTERS IN COMPANY LAW

No. Question Source

1. Explain the provisions relating to the service of documents on a company, the registrar of companies and the members of the company.

2. What is E filing? List the advantages of E filing under MCA 21.

3. What are the steps for offline e-filing?

4. What are the key benefits of MCA 21 project?

MM Material


Page 34 of 98

5. The Articles of Association of Mars Company Ltd. provides that documents may be served upon the company only through Fax. Ramesh dispatches a document to the company by post, under certificate of posting. The company does not accept it on the ground that it is in violation of the Articles of Association. As a result Ramesh suffers loss. Explain with reference to the provisions of the Companies Act, 2013. i) What refusal of document by the company is valid? ii) Whether Ramesh can claim damages on this basis?

6. What is “Annual Return”? Discuss the provisions of the Companies Act, 2013 relating to same.

* Read All the Definitions *

1 . COMPANY BASIC CONCEPTS

No. Question Source 1. Explain the concept of separate legal entity of a Company.

2. Does the company has any nationality? 3. What are the various implications of the concept of separate legal entity?

4. To whom does the provisions of Companies Act, 2013 is applicable?

MM Material

2. CLASSES OF COMPANIES

No. Question Source 1. Write the difference between Private company and One person

company. 2. What is an “Associate company”?

3. Write about a) Dormant Company b) Nidhi Company.

4. When a Company is called as Small company?

5. Procedure for conversion of a Public company into a Private company? 6. By obtaining the license from the Central Government under section 8 of

the Companies Act, 2013 a Company shall dispense with the word “limited” or “private limited” from its name.

MM Material

3. PROMOTION & INCORPORATION OF A COMPANY

No. Question Source 1. Explain the legal validity of preliminary contracts entered into by the

company. Is the company bound by such contracts

2. Explain in brief the mode of incorporation of a company. 3. What is a One person company? What is the law with respect to

formation of OPC as per Companies Act, 2013?

4. The promoters of your Company, incorporated on 9th April, 1996, had entered into a contract with M on 8th March, 1996 for supply of goods. After incorporation, your Company does not want to proceed with the contract. As a Company secretary, advise the management

MM Material




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4. MEMORANDUM & ARTICLES OF ASSOCIATION

No. Question Source 1. State the procedure for alteration of “Name Clause” of MOA? 2. What is the procedure for conversion of a company from one “class of

company” to another class? 3. Write about doctrine of constructive notice? 4. What is Articles of association of a company? Also state the contents

and formats of the AOA of different Companies 5. State whether a limited company can become partner in a partnership

firm? 6. The registered office clause of the memorandum of association of A ltd.

does not contain name of the city. Because of this registrar of Companies refused to register the memorandum of association. Is it Correct?

MM Material

7. Advise Asiatic Government Security Life insurance Co. Ltd. Whether it can seek an injunction against ‘The New Asiatic Insurance Co. Ltd.’ Which was subsequently formed restraining it from having in its name the word ‘Asiatic’ on the ground that it has caused confusion and can deceive the public

8. The Articles of a Company provided that the shares of a member who became bankrupt would be offered for sale to other shareholders at a certain price. Is the provision binding on the shareholders?

9. The plaintiffs contracted with a director of the defendant Company and gave him a cheque under the contract. The Director could have been authorised under the Company’s articles, but was not in fact so authorized. The plaintiff had not seen the Articles. The Director misappropriated the cheque and the plaintiffs sued the Co. Is the Company liable?

MM Material

5. PROSPECTUS

No. Question Source 1. What are the different modes of issue of securities by a Company?

2. What are the limitations on private placement as imposed by the Companies Rules, 2014?

3. What are the statutory requirements relating to the issue of prospectus 4. What is the procedure for variation in terms of contract or objects in

prospectus and requirements that needs to be complied with?

5. What is the procedure to be followed in case of “Offer of sale of shares” by certain members of company?

6. Does the SEBI is empowered to regulate issue and transfer of securities, etc. Under companies Act? Discuss

7. What is the penalty for “Personation for acquisition of securities”?

8. Explain the concept of “Deemed Prospectus” under the Companies Act, 2013. Point out the circumstances where under issuing of prospectus is not mandatory.

MM Material

6. ALLOTMENT OF SECURITIES & UNDERWRITING

No. Question Source 1. What do you mean by allotment of shares?

2. What are the provisions relating to listing of securities on stock exchange and consequences of failure to get the securities listed?

MM Material


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3. In what way does the Companies Act, 2013 regulate and restrict the following in respect of a Company going for public issue of securities: a) Minimum Subscription; and b) Application Money payable on securities being issued?

4. Discuss the manner for issue of depository receipts and provisions w.r.t voting rights of the depository receipts holders.

7. DEPOSITS

No. Question Source 1. What is the prohibition on accepting deposits from public? From whom a

Company can accept deposits as per the Companies Act, 2013? MM Material

8. MEMBERSHIP

No. Question Source 1. Explain different ways through which a person may become a member.

2. Explain the rights of members of the company. 3. When membership ceases?

4. Write about the “Register of Securities holders”.

5. Discuss the provisions of the Companies Act relating to Preservation of register of members.

6. What are the obligations of the co., the beneficial owner and the registered holder under the co.’s act, in case of benami share holding? What is the law in such a case according to Companies Act, 2013.

7. Examine the position of the following with regard to membership in a company: a) As Insolvent b) Partnership firm

MM Material

9. SHARE CAPITAL

No. Question Source 1. What are the conditions that needs to be satisfied for issue of a) Equity

shares with differential rights b) Preference shares?

2. What are the provisions relating to voting rights of members?

3. Conversion of shares into stock 4. Write a short note on the powers of Government with regard to the

conversion of debentures into shares of the company? What are the remedies available to the company against such order?

5. Can a company purchase its own shares? Can a company give loan or financial assistance to purchase its own shares?

6. Discuss the provisions relating to issue and redemption of redeemable preference shares according to Companies Act, 2013.

MM Material

10. CALLS & FORFEITURE

No. Question Source 1. What is meant by calls on shares? Also state the rules for making calls.

2. State the provisions relating to surrender of shares? MM Material


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11. TRANSFER & TRANSMISSION OF SHARES

No. Question Source 1. Discuss the provisions relating to Refusal for rectification of register of

members on transfer of securities by a Co. and the remedial measures to the aggrieved shareholder.

2. What is a blank transfer? 3. Ramesh, who is a resident of Delhi, sent a transfer deed, for registration

of transfer of shares to the company at the address of its registered office in Mumbai. He did not receive the share certificates even after the expiry of 4 months from the date of dispatch of transfer deed. He lodged a criminal complaint in the court at Delhi. Decide whether the court at Delhi is competent to take action in the said matter?

MM Material

12. DEBENTURES

No. Question Source 1. What are the provisions of the Companies Act 2013 relating to the

appointment of debenture trustee by a company? MM Material

13. CHARGE

No. Question Source 1. Explain the procedure as to registration of charges? 2. Discuss the recourse available to the charge holder according to the

Companies Act, 2013 for non registration of charge created by the Company.

3. Explain briefly the provisions relating to satisfaction of charge. 4. Write about rectification of register of charges.

MM Material

14. GENERAL MEETINGS-I

No. Question Source 1. What are the requirements for the conduct of a valid general meetings?

2. What is the effect of failure to convene the Annual General Meeting? 3. Discuss the rules relating to calling of EGM by requisitions themselves.

4. What are the statutory provisions relating to length of Notice?

5. What are rules relating to service of notice in electronic mode?

6. When is an explanatory statement required to be annexed to the notice calling the General meeting of a Company? Also discuss the provisions relating to the explanatory statement.

7. Write a short note on “Report on Annual General Meeting”. Also discuss the rules relating the Report on Annual General Meeting.

MM Material

15. GENERAL MEETINGS-II

No. Question Source 1. Write about “Resolution requiring special notice” 2. Discuss the rules relating to serving of special notice to the Company by

members. 3. Write a note on the following:

a) Representations of corporations at meetings of companies and creditors

b) Representation of the President and Governors in meeting of companies to which they are members

MM Material


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4. Write about: a) Restriction on voting rights b) Different methods of voting

5. What ‘Rules’ relating to minutes of proceedings of general meeting, meeting of Board of Directors and other meetings and resolutions passed by postal ballot under the Companies (Management and administration) rules, 2014?

6. Discuss the provisions of the Companies Act, 2013 relating to Maintenance and inspection of documents in “Electronic form” and related rules.

16. Misc. MATTERS IN COMPANY LAW

No. Question Source 1. Define the term “relative”

2. Write about the ‘return’ to be filed with Registrar for changes in promoter’s stake in a Company.

3. Explain the Objective and Scope of MCA 21 Project.

MM Material

THE END


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h) Page numbers mentioned in this document are based on the following editions of books:

• Practice Manual – Dec 2014 edition

i) If you are planning to attempt Group 1 only then atleast prepare the guess questions released by us.

j) Attempt Group 2 also instead of leaving the Group 2 exams completely.

BUSINESS ETHICS

No. Questions Q.No Page No. Source

1. State the professional obligations that finance and accounting professional as an employee has to comply with. What pressure they face in the case of potential conflicts?

20 - RTP M 15

2. Fairness and honesty are at the heart of business ethics and relate to the general values of decision makers. Discuss.

18 - RTP M 15

3. Comment on the statement “Business is all green, only philosophy is grey”. 16 - RTP N 14

4. State with reasons as to nature of ethics, whether the following statements are correct or incorrect: Ethics is following the law. Ethics is not science.

1(c) - MTP S 14

5. How negotiations can be approached? 3(c) - MTP S 14 6. State with reasons whether the following statement is

correct or incorrect: A nation should satisfy its social and economic requirements without damaging the interest of future generations.

4(b(i)) - MTP Oct14

7. “To maintain social contract between society and business, the trusteeship relations are essential”. Describe the role of business ethics in this reference.

7 7.4 Practice Manual




Page 40 of 98

8. Why is it difficult to identify ethical standards? (Or) Why do we need various sources of Ethical Standards? 9 15 MM Material

9. Write a short notes on a) Utilitarian Approach b) Virtue Approach c) SA-8000 d) Code of conduct on insider trading. e) OECD guidelines, CRT

10(1) 10(5)

9 1(i)

15(e)

15 16 8.5 8.8 54

MM Material MM Material

Practice Manual Practice Manual

MM Material 10. Explain in brief the measures to ensure ethics in the

Work place. Or State in brief the guidelines for managing ethics and to prevent the need for whistle-blowing in the work place.


11. A retailer was purchasing goods regularly from XYZ Ltd. for the purpose of resale. There were defects in the goods in one of the purchase lot and as a result the retailer suffered loss of his share in competition. The retailer sued the said company for this reason. The company contended that the goods were purchased for the purpose of resale and therefore, not bound. Is it a valid contention? Explain clearly the provisions of the Competition Act, 2002 in this regard


12. State, how far a sound ethical environment in a company may be created and corporate scandals may be avoided.


13. To pay proper attention to business ethics is certainly beneficial in the interest of business. Describe four such benefits which may be obtained by paying attention to business ethics.

12 21 MM Material

14. Explain the concept of green accounting system & its advantages. 9 94 MM Material

15. Explain the concept of eco-friendly business practices. What are the benefits of environment friendly business practices? (or) Write short notes on ‘Environment Friendly behavior of Business Enterprises’. (Or) “Business does not sub – serve environmental ethics” - discuss.

8 91 MM Material

16. List the commonly recognized employment discrimination practices. 6 70 MM Material

17. Explain the concept of corporate citizenship and its benefits. (Or) Define ‘Corporate Citizenship’. What are its benefits?

19 58 MM Material

No. Question Q.No Page No. Source

1. Explain the meaning of the terms ‘ethics’ and ‘business ethics’ and also state the requirements of ‘business ethics’. 20 44 RTP N 14

2. Explain the pragmatic reasons for maintaining ethical behaviour in marketing through marketing executives. 7(d) - MTP S 14

3. What is CSR? How adoption of CSR in business may minimise ecological damage. 2(b) - MTP Oct 14




Page 41 of 98

4. Explain the benefits of business ethics with respect to the following: a) Ethics programs help to manage values associated with

quality management, strategic planning and diversity management.

b) Ethics programs help guarantee that personnel policies are legal.

1(c) - MTP Oct 14

5. Examine the following hypothetical situation and give a brief analytical note on it. Mr. XYZ is a CEO of a pharmaceutical company. His R&D department, while experimenting with a chemical molecule, sees the possibility that the molecule may be developed into a drug for a rare, painful, life-threatening genetic disease that afflicts only one child in ten million. But to develop the drug, his company may have to invest huge sums of the shareholders’ money, despite the drug not having wide salability. Is Mr. XYZ confronted by an ethical dilemma? How should he resolve the issue?


6. Explain the social sins, listed by Gandhiji? (Or) Knowledge without morality is a social sin Explain. 3 9 MM Material

7. Describe ‘Institutionalizing Business Ethics’. (Or) What do you understand by institutionalizing Business Ethics’? What is the need of it?

16 27 MM Material

8. What is meant by 'Corporate Governance'? State the major 'characteristics' of good corporate governance. 5 8.2 Practice

Manual

9. State some examples of ethical issues faced by an individual at the workplace.

Or State the ethical issues which are being faced by an individual at the workplace of an industrial organization.


10. Write a short note on the consumer protection council in India. (Or) what is the structure of the consumer protection council in India? What are its duties and functions? (Or) State the objectives of the central consumer protection council in India.

11 109 MM Material

11. What are the various threats, which can be faced by a finance and accounting professional, while working as an auditor, consultant or an employee in an organisation? (Or) What kinds of threats could finance and accounting employee expect, while working as an auditor, consultant or an employee in an organisation? The finance and accounting professional has to work under severe pressures of various threats. – elaborate.

5 120 MM Material

12. What are the various safeguards, which have to be adopted by a finance and accounting professional, to counter/overcome threats. (Or) The finance and accounting professional has to follow some safeguards to keep himself safe of threats. – comment. (Or) Finance and accounting professional working as an employee in an organization have to face various threats which make it difficult for them to comply with fundamental principles relating to ethics. (Or) Explain the safeguards in the work environment which may be created by a business enterprise to overcome such threats. (Or) Explain the various safeguards that should be adopted for overcoming threats faced by an accounting and finance professional.

11 125 MM Material


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13. What is meant by ‘Environmental ethics’? How does its non-adoption lead to 3 Ps Viz., Polluter Pays and Principles? Explain.


14. A good environmental practice improves corporate performance. (Or) There is no economics growth without ecological costs.

10 95 MM Material

15. Explain the concept of eco-friendly business practices. What are the benefits of environment friendly business practices? (or) Write short notes on ‘Environment Friendly behavior of Business Enterprises’. (Or) “Business does not sub – serve environmental ethics” - discuss.

8 91 MM Material

16. Write a short note on global warming. What is the impact of climate change. 3 87 MM Material

BUSINESS COMMUNICATION


1. “The group as a whole always rules. The odd man out is always at a disadvantage”. Explaining this, give the characteristics of the group personality?

22 43 RTP M 15

2. Write a letter to bank requesting to provide statements of salary accounts of three months i.e. from 1st January 2014 to 31st March, 2014.

25 43 RTP M 15

3. What do you mean by Negotiation? Out line the process of Negotiation? 10&11 - MM Material

4. Explain “communications is another area in which ethical concern may arise”. 17 44 RTP N 14

5. Why is the 'critical thinking' important part of success and wisdom. How one can develop the critical thinking in a right direction.

2(c) - MTP Oct 14

6.

The Board of Directors of Surya Limited agrees with X to hire his (X's) flat at Delhi on lease for ten years @ ` 20,000 per month for marketing office of the company. Being an legal officer of the surya limited, the board asks you to prepare the lease deed for the agreement. Draft a lease deed.

7(e) - MTP Oct 14

7. Explain Interdepartmental Communication? What are the problems involved in it? 34 48 MM Material

8. Explain clearly the different types of grapevine chains in an informal communication 8 13.5 Practice

Manual

9.

Explain in Brief a) Chronemics b) Haptics c) Euphemism e) Persuasion f) Semantic Barriers

- - -

10. Explain the meaning of Critical Thinking. What are the processes involved in Critical Thinking? What are the required qualities of a Critical Thinker?

7 62 MM Material




Page 43 of 98

Differentiate: a) Emotional Intelligence Vs Emotional Quotient 8 14.5 Practice

Manual b) Horizontal Vs Lateral Communication 5 11 MM Material 11. c) Distinguish between Inter-Personal Communication and

Impersonal Communication. 10 66 MM Material

12. Discuss personal competencies that are associated with Emotional Intelligence. 9 14.6 Practice

Manual

13. What do you understand by 'Group conflicts'? How shall these be managed effectively? Explain. 5 15.3 Practice

Manual

14. Define Consensus Building. Describe the techniques used in Consensus Building. 9 79 MM Material

15. Why is an Organization wide change difficult to accomplish? 3 91 MM Material

16. Draft a circular for employees insisting on punctuality. 11 18.10 Practice Manual

17. Explain Ethical dilemmas in Communication. 6 116 MM Material

18. Explain how ethical communicators have a “well developed sense of social responsibility” 4 113 MM Material


1. Draft the performa of affidavit for not having a Marriage certificate. 25 44 RTP N 14

2. Explain different strategies for Negotiation. 12 82 MM Material 3. Explain clearly the process of Communication. 21 44 RTP N 14 4. What are the different ways of non-verbal communication? 1(d) - MTP S 14 5. Explain the factors which are responsible for the growing

importance of communication of an organization. 1 13.1 Practice Manual

6. Can you explain the equation of 55% - 38% - 7%? 23 53 MM Material 7. Is it possible to judge the relationship between two

individuals,’ by observing the physical distance between them’? (Or) what we can make of ‘space’ to communicate? State the uses of it.

24 30 MM Material

8. What are the different dimensions or directions in which communication may happen in an organization? 5 11 MM Material

9. Write about the process of Communication? 4 8 MM Material

10. Explain the various contexts in Interpersonal Communication? 9 65 MM Material

11. Describe types of groups in organization. Or State the types of groups in an organization which play an important role in solving the difficult problems in an organization.


12. Write short notes on: (a) Corporate Culture (b) Elements of Culture (c) Resistance to change


13. What qualities should a sustainable innovation organization possess? 3 17.3 Practice

Manual




Page 44 of 98

14. ABC Ltd. wants to hold its Annual General Meeting on 15th December, 2008 to discuss the matters relating to ordinary business. Draft a notice along with notes in brief for calling annual general meeting of its shareholders.


15. What is an Indemnity Bond? Supply a format for Indemnity Bond. 8 19.6 Practice

Manual 16. Explain how ‘interpersonal communication is inescapable

and irreversible’. 2(c) - MTP S14

17. Draft the performa of affidavit for not obtaining Marriage certificate. 4(c) - MTP S14

18. Explain factors influencing Ethical communication. 5 113 MM Material 19. What are the different means or media of communication? 11 17 MM Material 20. Write about Non-Verbal Communication media of Para

Language / Para linguistics? 23 29 MM Material

THE END

IPCC GUESS QUESTIONS (SHORT FORM) – APPLICABLE FOR MAY 2015 EXAMS OF IPCC…………..FINALISED ON 31-MAR-15 10:57:00 AM

Page 45 of 98










• Study Material – July 2014 edition

• Practice Manual – July 2014 edition



COSTING

PROBLEMS

CHAPTER-1: MATERIALS

No. Q.No. Source 1. 1 2. 3 3. 8 4. 11 5. 20 6. 22 7. 33

MM Material

8. 4 9. 6

MM Material Assignment Problems

10. 1 RTP N14

CHAPTER-2: OPERATING COSTING

No. Q.No. Source 1. 2 2. 6 3. 15 4. 17

MM Material

5. 20 6. 21 7. 4 RTP M14

CHAPTER-3: LABOUR - I

No. Q.No. Source 1. 1 2. 6 3. 11 4. 16 5. 20 6. 23

MM Material

7. 29 Study Material

CHAPTER-4: LABOUR - II

No. Q.No. Source 1. 1 2. 2 3. 6

MM Material




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CHAPTER-5: OVERHEADS - I

No. Q.No. Source 1. 1 2. 2 3. 6

MM Material

CHAPTER-6: OVERHEADS - II

No. Q.No. Source 1. 1 2. 3 3. 4 4. 7 5. 14 6. 15

MM Material

CHAPTER-7: BOOK KEEPING

No. Q.No. Source 1. 1 2. 6 3. 11

MM Material

4. 3 5. 6


CHAPTER-8: RECONCILIATION OF COST &

FINANCIAL STATEMENTS

No. Q.No. Source 1. 1 2. 5 3. 12

MM Material

CHAPTER-9: JOB COSTING & BATCH COSTING

No. Q.No. Source 1. 8 2. 13

MM Material – Job Costing

3. 2 4. 3 5. 5

MM Material-Batch Costing

6. 1 7. 2

Study Material

CHAPTER-10: JOINT & BY PRODUCTS

No. Q.No. Source 1. 3 2. 4 3. 14

MM Material

4. 6 MTP Oct 14

CHAPTER-11: PROCESS COSTING

No. Q.No. Source 1. 2 2. 3 3. 8 4. 12 5. 15

MM Material

6. 2 MTP Sep 14

CHAPTER-12: OPERATION COSTING

No. Q.No. Source 1. 2 2. 3 3. 4 4. 5

MM Material

CHAPTER-13: CONTRACT COSTING

No. Q.No. Source 1. 3 2. 4 3. 7 4. 8 5. 10

MM Material

CHAPTER-14: MARGINAL COSTING

No. Q.No. Source 1. 6 2. 11 3. 16 4. 18 5. 34 6. 35 7. 36 8. 38

MM Material

CHAPTER-15: STANDARD COSTING

No. Q.No. Source 1. 1 2. 2 3. 4 4. 8 5. 13 6. 14 7. 18 8. 22 9. 24

MM Material

10. 6 RTP M14


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CHAPTER-16: BUDGETARY CONTROL

No. Q.No. Source 1. 1 2. 6 3. 8 4. 9 5. 10 6. 11

MM Material

7. 8 RTP M 14 8. 2 MTP Oct 14

THEORY

CHAPTER -1: BASIC CONCEPTS OF COSTING.

No. Question Q.No. Source 1. What are the objectives of cost accounting? 3

2. Distinguish cost reduction & cost control. 4 3. How are costs classified? 11

4. List the various items of costs on the basis of relevance to decision making 12

5. Write short notes on explicit and implicit costs. 17

6. Distinguish between product cost and period cost. 20

7. Specify the method of costing and cost unit applicable to following industry. 28

MM Material

CHAPTER -2: MATERIALS.

No. Question Q.No. Source 1. Write short note on bill of materials and its advantages 4

2. Distinguish bills of material and material requisition note. 8 3. What are the various tools available for material control? (or) How

are slow moving and non-moving items of stores detected? What steps are necessary to reduce such stocks? (ABC Analysis, Perpetual Inventory Records)

19

4. Distinguish periodic stock taking and continuous stock taking? (or) “Continuous stock taking is akin (similar) to the concept of preventive maintenance in workshop management”. Discuss

26

MM Material

CHAPTER -3: OPERATING COSTING.

No. Question Q.No. Source 1. Distinguish Absolute Ton–Kms And Commercial Ton–Kms 2 MM Material

CHAPTER -4: LABOUR

No. Question Q.No. Source 1. What do you mean by time keeping and what are its objectives? 3

2. What are the various methods of time – keeping? 4

3. Write about overtime premium and its treatment. 11

4. Formulae for different wage payments. 17 5. Job evaluation and merit rating. 27

MM Material


Page 48 of 98

CHAPTER -5: OVERHEADS

No. Question Q.No. Source 1. How are overheads classified on the basis of nature? 3 2. Explain the advantages of classification of overheads into

fixed and variable. 5

3. What is the treatment of over and under absorption of overhead? 6

4. Explain the following. a) Idle Capacity Costs b) Packing expenses: c) Research and Development Cost:

16 (6, 12 & 14)

5. Write short notes on chargeable expenses. 15

MM Material

CHAPTER -6: BOOK KEEPING

No. Question Q.No. Source 1. What are the important ledgers maintained in non – integrated

accounting system? 3

2. What are the essential pre-requisites for integrated accounting system? 7

3. What do you mean by reconciliation between cost and financial accounts? 8

4. What items are included only in financial books? 10 5. What items are included only in cost accounts and what is the

different treatment in two set of accounts? 11

MM Material

CHAPTER -7: JOB & BATCH COSTING.

No. Question Q.No. Source 1. Write about economic batch quantity. 7 MM Material

CHAPTER -8: PROCESS & OPERATION COSTING.

No. Question Q.No. Source 1. What do you mean by operation costing? 3

2. Explain the treatment of normal wastage, abnormal wastage and abnormal gain in cost accounting. 4

MM Material

CHAPTER -9: CONTRACT COSTING

No. Question Q.No. Source 1. List out the features of contract costing. 2

2. What rules are to be followed for transferring / recognizing profit / loss on incomplete contracts? 4

3. What do you mean by escalation clause? 8

MM Material

CHAPTER -10: MARGINAL COSTING

No. Question Q.No. Source 1. Differences between marginal and absorption costing. 9 2. What are the disadvantages of marginal costing? 11 3. What is cost–volume–profit analysis? What are its objectives and

assumptions? 12

4. Write a brief note on shut down point. 24

MM Material


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CHAPTER -11: STANDARD COSTING

No. Question Q.No. Source 1. What are the advantages of standard costing? 5

2. Ideal vs. normal standards. 7

3. Basic vs current standards. 8

MM Material

CHAPTER -12: BUDGETARY CONTROL

No. Question Q.No. Source 1. What are the objectives of budgetary control system? 4

2. What are the different types of budgets? Distinguish between fixed and flexible budgets. 8

MM Material

PROBLEMS

CHAPTER-1: MATERIALS

No. Q.No. Source 1. 19

2. 23

3. 28

MM Material

4. 13 Study Material 5. 1 RTP M15

CHAPTER-2 : OPERATING COSTING


2. 9

3. 10

4. 12

MM Material

5. 2

6. 4 MM Material

Assignment Problems

CHAPTER-3: LABOUR - I


2. 7

3. 12

4. 13

5. 24

6. 25

MM Material

7. 5

8. 11 MM Material

Assignment Problems

9. 3


11. 2 RTP M15 CHAPTER-4: LABOUR - II


2. 9

3. 11

4. 12

MM Material

5. 5

6. 7 MM Material

Assignment Problems

CHAPTER-5: OVERHEADS - I


MM Material

3. 2 4. 5


5. 9 Study Material

CHAPTER-6: OVERHEADS - II

No. Q.No. Source 1. 13 2. 16

MM Material

3. 5 4. 9


5. 3 RTP N14




Page 50 of 98

CHAPTER-7: BOOK KEEPING


MM Material

3. 7 MM Material Assignment Problems

4. 1 5. 2

Study Material

CHAPTER-8: RECONCILIATION OF COST &

FINANCIAL STATEMENTS

No. Q.No. Source 1. 4 2. 11 3. 13

MM Material

CHAPTER-9: JOB COSTING & BATCH COSTING

No. Q.No. Source 1. 9 MM Material 2. 5 RTP N14

CHAPTER-10: JOINT & BY PRODUCTS


MM Material

3. 6 4. 7 5. 8


CHAPTER-11: PROCESS COSTING & OPERATION

COSTING


2. 14

3. 17

4. 19

MM Material

5. 9 Study Material

CHAPTER-12: CONTRACT COSTING


2. 9

3. 13

4. 14

5. 15

6. 20

MM Material

CHAPTER-13: MARGINAL COSTING


2. 25

3. 26

4. 28

5. 31

6. 32

7. 40

8. 41

9. 42

MM Material

10. 1


CHAPTER-15: STANDARD COSTING


12. 7

13. 16

14. 20

15. 26

16. 27

MM Material

17. 13

18. 14 MM Material

Assignment Problems

19. 7 RTP M15

CHAPTER-16: BUDGETARY CONTROL


10. 4

11. 5

MM Material

12. 7

13. 8

14. 9

Study Material


Page 51 of 98

THEORY

CHAPTER -1: BASIC CONCEPTS OF COSTING.

No. Question Q.No. Source 1. Define cost unit, cost center, cost object, profit centre & investment

centre. 15

2. What are the methods of costing? 13 3. Write short notes on uniform cost manual. 25

MM Material

CHAPTER -2: MATERIALS.

No. Question Q.No. Source 1. Write a brief note on purchase requisition. 5 2. What do you mean by bin card, stock control cards and stores

ledger? 12

3. What is the treatment of scrap? 17 4. What is the treatment of defectives? 18 5. What is Just-In Time purchases? What are its advantages? 27 6. List some circumstances when EOQ may not be equal to ROQ? 28 7. What is material handling cost? How will you deal it in cost

account? 30

MM Material

CHAPTER -3: OPERATING COSTING.

No. Question Q.No. Source 1. What is the meaning of Operating Costing? 1 MM Material

CHAPTER -4: LABOUR

No. Question Q.No. Source 1. What are the types of job cards? 6 2. Write about the treatment of idle time in cost accounting. 9 3. Write short notes on overtime. 10 4. What are the measures for controlling overtime cost? 12 5. What is labour turnover? Explain methods for calculating it. 13 6. List some schemes of group bonus. 21 7. Explain the methods of job evaluation? 28

MM Material

CHAPTER -5: OVERHEADS

No. Question Q.No. Source 1. Methods for allocating support/service departments costs to

production. 8

2. What are the methods of accounting for administrative overheads?

11 MM Material

CHAPTER -6: BOOK KEEPING

No. Question Q.No. Source 1. What are the features of Non – Integrated Accounting System? 2 2. Integrated Accounting System And explain its advantages. 6

MM Material

CHAPTER -7: JOB & BATCH COSTING.

No. Question Q.No. Source 1. Accounting treatment of spoiled and defective work. 5 2. Distinguish between job and batch costing. 8

MM Material


Page 52 of 98

CHAPTER -8: JOINT & BY PRODUCTS

No. Question Q.No. Source 1. Describe briefly, how joint costs upto the point of separation may

be apportioned amongst the joint products. 2

2. What are the methods of apportioning joint costs to By products? 3 MM Material

CHAPTER -9: PROCESS & OPERATION COSTING.

No. Question Q.No. Source 1. What do you mean by Inter Process Profits? 7 MM Material

CHAPTER -10: CONTRACT COSTING

No. Question Q.No. Source 1. How are contract costs other than materials and labour ascertained

and recorded? 3 MM Material

CHAPTER -11: MARGINAL COSTING

No. Question Q.No. Source 1. What is meant by Direct Costing? 3 2. What is meant by Differential Cost? 4 3. What do you understand by key factor or limiting factor? 7 4. Explain and illustrate cash break-even chart. 17 5. What are the limitations of break – even chart? 21 6. Indicate the circumstances under which you will permit to fix a

price, which is less than the marginal cost of the product. 25

MM Material

CHAPTER -11: STANDARD COSTING

No. Question Q.No. Source 1. What are the disadvantages of Standard Costing? 6 2. Bring out the salient features of partial plan and single plan. 9 3. Distinction between Standard Costing and Budgetary Control. 12

MM Material

CHAPTER -12: BUDGETARY CONTROL

No. Question Q.No. Source 1. What are the disadvantages / limitations of the budgetary control

system? 6 MM Material

THE END


Page 53 of 98










• Study Material – July 2014 edition

• Practice Manual – July 2014 edition



FINANCIAL MANAGEMENT

PROBLEMS

CHAPTER -1: TIME VALUE OF MONEY

No. Q.No. Page No. Source 1. 3 2.3 Practice Manual 2. 14 - MM Material 3. 1(a) 24 RTP M15

CHAPTERS -2 & 3 : CAPITAL BUDGETING &

ADV.CON.IN CAP.BUD

No. Q.No. Page No. Source 1. 36 6.58 2. 37 6.61

Practice Manual

3. 3 - RTP M14 4. 51 - 5. 20 - 6. 2 - 7. 27 - 8. 28 - 9. 11 -

MM Material

10. 29 - 11. 7 - 12. 46 - 13. 15 -

CHAPTER -4: COST OF CAPITAL

No. Q.No. Page No. Source 1. 10 - 2. 11 - 3. 35 - 4. 39 - 5. 44 - 6. 41 - 7. 46 - 8. 47 -

MM Material

9. 20 4.36 10. 22 4.39

Practice Manual

CHAPTER -5: CAPITAL STRUCTURE




Page 54 of 98

No. Q.No. Page No. Source 1. 4 - RTP M14

2. 3 -

3. 2 -

4. 16 -

5. 20 -

6. 26 -

MM Material

CHAPTER -6: LEVERAGES

No. Q.No. Page No. Source 1. 6 - 2. 12 - 3. 17 - 4. 24 - 5. 26 - 6. 9 -

MM Material

CHAPTER -7: WORKING CAPITAL MANAGEMENT

No. Q.No. Page No. Source 1. 3 - 2. 2 - 3. 12 - 4. 16 - 5. 24 - 6. 5 -

MM Material

7. 5 7.10 8. 16 7.30 9. 14 7.58 10. 20 7.39 11. 10 7.19 12. 13 7.58

Practice Manual

13. 9 - RTP M14

CHAPTER -8: RATIO ANALYSIS

No. Q.No. Page No. Source 1. 15 - 2. 6 - 3. 13 -

MM Material

4. 20 3.32 5. 19 3.30 6. 25 3.38

Practice Manual

7. 15 3.18 8. 27 3.42 9. 27 3.38

Study Material

CHAPTER -9: CASH FLOW & FUNDS FLOW STATEMENTS

No. Q.No. Page No. Source 1. 7 - 2. 10 -

MM Material

3. 15 3.85 4. 21 3.102 5. 2 3.46 6. 10 3.70

Practice Manual

7. 6 - RTP N14


Page 55 of 98

THEORY

CHAPTER -1: SCOPE & OBJECTIVES OF FINANCIAL MANAGEMENT

No. Question Q.No. Page No. Source 1. Explain how Wealth maximization is superior to profit

maximization objective. 4 6

2. Discuss the functions of a Chief Financial Officer. 9 9 3. Explain the inter relationship between the following

Investment, Financing and dividend Decision. 10 10

MM Material


No. Question Q.No. Page No. Source 1. Write short notes on effective rate of interest? 5 - MM Material

CHAPTER -3: CAPITAL BUDGETING

No. Question Q.No. Page No. Source 1. Distinguish between Net Present Value & Internal Rate of

Return? 14 35

2. “NPV and IRR may give conflicting results in the evaluation of different projects” comment. (or) Write the superiority of NPV over IRR in project evaluation.

15 36

3. Discuss the need for social cost benefit analysis. 19 39 4. What do you understand by desirability factor/profitability

index? 16 36

MM Material


No. Question Q.No. Page No. Source 1. Write short notes on WACC? How to determine WACC 9 47 MM Material 2. Why debt funds are cheaper than equity? 7 47 MM Material 3. If a company finds that its cost of capital has changed

does this affect the profitability of the company? 1(c) 24 RTP M15


No. Question Q.No. Page No. Source

1. What is meant by capital structure? What is optimum capital structure? 1 56

2. Explain, briefly, Modigliani and Miller approach on Cost of Capital. 9 63

MM Material

3. Write short notes on NOI approach and mention its assumptions? 8 62 4. Discuss the major considerations in capital structure planning? 2 57 5. Write short notes on NI approach and mention its assumptions? 6 59 6. What are general assumptions in capital structure theories? 4 -

MM Material



1. What is Leverage what are the different types of leverages? 1 - MM Material

2. Discuss the impact of financial leverage on shareholders wealth by using return-on-assets (ROA) and return-on-equity (ROE) analytic framework.



Page 56 of 98



1. What is treasury management? What are the activities / responsibilities covered by treasury management? 15 -

2. What are the cash management models? 23 -

3. Write short notes on operating or working capital cycle 7 -

MM Material

4. Discuss the factors to be taken into consideration while determining the requirement of working capital. 1 7.7

5. Explain the ‘Ageing Schedule’ in the context of monitoring of receivables. 2 7.64

Practice Manual

CHAPTER -8: FINANCIAL ANALYSIS & PLANNING (RATIO ANALYSIS)


1. Discuss the financial ratios for evaluating company performance on operating efficiency and liquidity position aspects.

- 3.9 Practice Manual

CHAPTER 8: FINANCIAL ANALYSIS & PLANNING (FUNDS FLOW STATEMENT)

No. Question Q.No. Page No. Source 1.

Distinguish between Cash Flow and Funds Flow Statement 1 3.46 Practice Manual

2. Distinguish between cash flow statements and cash budgets? 3 - MM

Material

CHAPTER -9: SOURCES OF FINANCE


1. What do you mean by bridge finance? 16 - MM Material

Write short notes on following: a. Seed Capital Assistance

12

163

b. Deep Discount Bonds (DDB’s) 5 162

2 Marks Questions in

MM

2.

c. Zero Coupon Bonds 47(2) 156 MM Material

3. Write short notes on American depository receipts (ADRS)? 29 -

4. Write short notes on global depository receipts (GDR’S) 28 -

5. Explain features of commercial paper, what are the advantages of commercial paper? 42 -

MM Material

6. What is meant by Factoring? What are its advantages? - 5.16 Practice

Manual

7. Write short note on venture capital financing 17 -

8. What do you understand by debt securitization? 21 - MM Material


Page 57 of 98

PROBLEMS


No. Q.No. Page No. Source 1. 21 2.14 Study Material 2. 4 2.4 3. 6 2.5

Practice Manual

CHAPTERS -2 &3: CAPITAL BUDGETING &

ADV.CON.IN CAP.BUD

No. Q.No. Page No. Source 1. 40 - 2. 49 - 3. 8 - 4. 18 - 5. 10 - 6. 13 - 7. 4 -

MM Material

8. 11 6.12 Practice Manual 9. 7 - RTP M14 10. 3 83 RTP N13


No. Q.No. Page No. Source 1. 11 - MM Material 2. 8 4.20 3. 21 4.37 4. 7 4.18

Practice Manual

5. 4 - RTP N14


No. Q.No. Page No. Source 1. 17 4.50 Practice Manual

2. 1(d) - N 13-Question Paper


No. Q.No. Page No. Source 1. 10 - 2. 22 - 3. 25 - 4. 28 - 5. 29 -

MM Material

6. 5 4.59 7. 21 4.77

Practice Manual


No. Q.No. Page No. Source 1. 26 - 2. 4 - 3. 6 - 4. 19 - 5. 10 - 6. 20 - 7. 28 - 8. 32 - 9. 53 -

MM Material

10. 18 7.35 11. 17 7.33 12. 5 7.67

Practice Manual

13. 2 - RTP N14

CHAPTER -8: RATIO ANALYSIS

No. Q.No. Page No. Source 1. 26 3.39 Practice Manual 2. 29 3.42 Study Material 3. 7 - 4. 10 - 5. 5 - 6. 14 - 7. 17 -

MM Material

8. 8 - RTP N14

CHAPTER -9: CASH FLOW & FUNDS FLOW STATEMENTS

No. Q.No. Page No. Source 1. 8 - 2. 9 -

MM Material

3. 6 - RTP M14 4. 6 84 RTP N13




Page 58 of 98

THEORY

CHAPTER -1: SCOPE & OBJECTIVES OF FINANCIAL MANAGEMENT


1. Explain the role of Finance Manager in the changing scenario of financial management in India. 11 11 MM

Material

2. What are the conflicts in profit versus wealth maximization 6 9 MM

Material

3. Explain two basic functions of Financial Management. 6 13 Practice

Manual

4. ‘Financial manager should concentrate on meeting the needs of share holders by maximizing EPS- no other stakeholders matter ’’ do you agree with this statement?

1(a) 83 RTP N13

CHAPTER -3: CAPITAL BUDGETING


1. Explain the concept of Multiple IRR and Modified IRR? 13 35

2. What is the purpose of Capital Budgeting 1 26

3. Distinction between project NPV and Equity NPV 11 34

MM Material


No. Question Q.No. Page No. Source 1. “Equity capital does not carry any cost”. Do you agree

with this statement? Explain. 1(c) - RTP M13

2. The overall cost of capital can be reduced by increasing the debt portion in the capital structure. Discuss. 1(c) - RTP N14

3. Should companies use their WACC as the discount rate when assessing the acceptability of new project? 1(b) - RTP M14


No. Question Q.No. Page No. Source 1. Explain the principles of “Trading on Equity”. 4 4.41 2. Concept of Debt – equity or EBIT – EPS indifference

point while determining capital structure of a company 5 4.41 Practice Manual

3. What is meant by financial breakeven point 17 - 4. Write short notes on Arbitrage 10 -

MM Material

5. “An EBIT-EPS indifference analysis chart used for determining the impact of a change in sales on EBIT.” comment

1(d) - RTP M14


No. Question Q.No. Page No. Source 1. Explain concept of leveraged lease 3 4.58 2. “Operating risk is associated with cost structure,

whereas financial risk is associated with capital structure of a business concern.” Critically examine this statement.



Page 59 of 98


No. Question Q.No. Page No. Source 1. Bring out the impact of double shift on working capital

requirement? 12 -

2. Write short notes on (a) electronic fund transfer/cash management systems (b) zero balance account (c) virtual banking – meaning and advantages.

24 -

MM Material

3. Discuss the liquidity Vs. profitability issue in management of working capital 2 7.7

4. ‘Management of marketable securities is an integral part of investment of cash’. Comment. 9 7.47

Practice Manual

CHAPTER -8: FINANCIAL ANALYSIS & PLANNING (RATIO ANALYSIS)

No. Question Q.No. Page No. Source 1. Discuss the composition of ROE using the dupont model

and represent it diagrammatically. 4 3.10 Practice Manual

2. “Liquidity Ratios are particularly useful in credit analysis by banks and other suppliers of short term loans”. Comment. 1(e) - RTP N14

3. “Debtors Turnover is a measure of Debt service capacity of a firm”. Do you agree with this statement? Explain. 1(a) - RTP M13

4. Ratio analysis can be used to study liquidity, turnover, profitability, etc. of a firm. What does Debt- Equity Ratio help to study?

1(b) - RTP M13

CHAPTER -9: SOURCE OF FINANCE

No. Question Q.No. Page No. Source 1. Write short notes on following:

a. External commercial borrowings. b. Euro Convertible bonds c. Secured Premium Notes (SPN’s)

-

39(2) 4

-

148 162

MM Material

2. Discuss the eligibility criteria for use of commercial paper? 45 - MM

Material 3.

Write short note on foreign Direct Investment (FDI) 32 - MM Material

4. Write short notes on the following (a) clean overdraft (b) Cash credit 36 - MM

Material 5. “In a close ended lease, the lessee has the option of

purchasing the asset at the end of lease period”. Do you agree with this statement? Explain.

1(d) - RTP M-13

6. What are the Certificate of deposits? Explain in brief. 41 (3) - MM

Material

7. “Floating rate bonds are designed to minimize the holders’ interest rate risk ; while convertible bonds are designed to give the investor the ability to share in the price appreciation of the company’s stock.” Do you agree with this statement?

1(a) 74 RTP M14

8. Discuss the Risk – Return considerations in financing of Current Assets 3 5.5 Practice

Manual

9. Differentiate between inflation bonds and floating rate bonds 10(c) 29 RTP M15

THE END

IPCC GUESS QUESTIONS (SHORT FORM) – APPLICABLE FOR MAY 2015 EXAMS OF IPCC……….…..FINALISED ON 31-MAR-15 10:57:00 AM

Page 60 of 98










• Study Material – Oct 2014 edition

• Practice Manual – Oct 2014 edition



INCOME TAX

PROBLEMS

CHAPTER-1: RESIDENTIAL STATUS


2. 3

3. 16

Practice Manual

4. 2 (a) & (b) RTP M15 CHAPTER-2: INCOME FROM SALARIES


2. 12 Practice Manual

3. 24

4. 26

5. 28

6. 30

MM Material

7. 4(2) RTP M15

8. 8 Study Material

CHAPTER-3: INCOME FROM HOUSE PROPERTY

No. Q.No. Source 1. 8 2. 9 3. 11 4. 13

MM Material

5. 3 6. 5 7. 9 8. 10

Practice Manual

9. 5 RTP M

CHAPTER-4: PGBP

No. Q.No. Source 1. 3 2. 7 3. 10 4. 17 5. 19

MM Material




Page 61 of 98

6. 22 7. 24 8. 27 9. 3 10. 4 11. 7 12. 9 13. 15 14. 17 15. 40

Practice Manual

16. 17 Study Material 17. 6 RTP M15

CHAPTER-5: CAPITAL GAINS

No. Q.No. Source 1. 1 2. 2 3. 5 4. 7 5. 9 6. 11 7. 13 8. 14 9. 19 10. 24 11. 27 12. 29

Practice Manual

13. 18 14. 22 15. 35

MM Material

16. 7 RTP M15 17. 7 18. 14 19. 19

Study Material

CHAPTER-6: INCOME FROM OTHER SOURCES

No. Q.No. Source 1. 1 2. 2 3. 4 4. 6 5. 8 6. 9 7. 11

Practice Manual

8. 1 9. 2 10. 3

Study Material

11. 8 (a) & (b) RTP M15

CHAPTER-7: CLUBBING PROVISIONS

No. Q.No. Source 1. 2 Practice Manual

2. 3 3. 8 4. 12 5. 3 6. 4

MM Material

CHAPTER-8: SET OFF AND CARRY FORWARD OF LOSSES

No. Q.No. Source 1. All Problems in Practice Manual 2. 10 RTP M15

CHAPTER-9: DEDUCTIONS

No. Q.No. Source 1. 2 2. 3 3. 4 4. 7 5. 8

Practice Manual

6. 11 RTP M15

CHAPTER-10: TOTAL INCOME

No. Q.No. Source 1. 2 2. 5 3. 6 4. 7 5. 9 6. 12 7. 14 8. 17 9. 19 10. 21 11. 22 12. 26 13. 28 14. 30 15. 33 16. 36 17. 39 18. 40 19. 44

Practice Manual

20. All Problems in MM Material 21. 12 RTP M15

CHAPTER-11: TDS

No. Q.No. Source 1. 1 2. 2 3. 3 4. 4

Practice Manual


Page 62 of 98

THEORY

CHAPTER -1: BASIC CONCEPTS (INTRODUCTION).

No. Question Q.No. Source 1. State any four instances where the income of the previous year

is assessable in the previous year itself instead of the assessment year.

5 Practice Manual

CHAPTER -3: INCOME FROM SALARIES

No. Question Q.No. Source 1. Distinguish between foregoing of salary and surrender of

salary. 20 Practice Manual

2. Profit in lieu of salary Sec.17(3) - MM Material CHAPTER -4: INCOME FROM HOUSE PROPERTY

No. Question Q.No. Source 1. Recovery of Un realized rent-Sec.25AA 10

2. Arrears of Rent received-Sec.25B 11 MM Material

CHAPTER -5: PGBP

No. Question Q.No. Source 1. Maintenance of Books of Accounts - Sec.44AA - MM Material 2. Tax Audit - Sec.44AB - MM Material

3. What are the conditions to be satisfied for the allowability of expenditure under section 37 of the Income-tax Act, 1961? 20 Practice Manual

4. Vinod is a person carrying on profession as film artist. His gross receipts from profession are as under: ` Financial year 2012-13 1,15,000 Financial year 2013-14 1,80,000 Financial year 2014-15 2,10,000 What is his obligation regarding maintenance of books of accounts for each Assessment Year under section 44AA of Income-tax Act, 1961?

30 Practice Manual

5. List six items of expenses which otherwise are deductible shall be disallowed, unless payments are actually made within the due date for furnishing the return of income under Section 139(1). When can the deduction be claimed, if paid after the said date?

36 Practice Manual

CHAPTER -6: CAPITAL GAINS

No. Question Source 1. Exemption of C.G. on compulsory Acq. of urban Agr. land Sec.10 (37)

2. Exemption of LTCG on transfer of securities subject to STT - Sec.10(38)

3. SEC.51 - Forfeiture of Advance

4. Sec.45(2) - Conversion Capital Asset into SIT

5. Sec.45(5) - Compulsory Acquisition.

MM Material


Page 63 of 98

CHAPTER -8: CLUBBING PROVISIONS

No. Question Q.No. Source 1. Discuss the tax implications of income arising from revocable

transfer of assets. When will the clubbing provisions not apply at present, even where there is revocable transfer of assets?

6

2. Explain the provisions of the Income-tax Act, 1961, with regard to clubbing of income of spouse under section 64. 7

3. Write short notes on “Clubbing of income of minor children in the hands of parent”. 10

Practice Manual

CHAPTER -10: DEDUCTIONS UNDER CHAPTER VI-A

No. Question Source 1. Sec.80QQB-Deduction In Respect of Royalty Income

2. Sec.80RRB-Deduction In Respect of Royalty on Patents

3. Sec.80P- Income of Co-Operative Society

4. Sec.80D-Deduction In Respect of Health Insurance Premia 5. Sec.80DD-Maintenance & Medical treat. of Handicapped Dependent

6. Sec.80DDB-Medical Treatment for Certain Specified Diseases

7. Sec.80EE-Interest on Loan for Specified House Property

8. Sec.80GG-Rent Paid 9. Sec.80G-Deductions In Respect of Donations

MM Material

CHAPTER -12: RETURN OF INCOME

No. Question Source 1. Sec.139(3) – Loss Return

2. Sec.139(4) – Belated Return

3. Sec.139(5) – Revised Return

5. 139 B - Tax Return Preparer 6. SEC.140 - Return To Be Signed By Whom

MM Material

CHAPTER -13: TAX DEDUCTED AT SOURCE (TDS)

No. Question Source 1. Sec.194C - TDS on contracts

2. Sec.194I

3. Sec.194J

5. Sec.194LA 6. Sec.200(3) - Furnishing of quarterly statement of TDS

MM Material


Page 64 of 98

PROBLEMS

CHAPTER-1: BASIC CONCEPTS (INTRODUCTION)


MM Material

CHAPTER-2: RESIDENTIAL STATUS

No. Q.No. Source 1. 3 2. 5 3. 7 4. 8

MM Material

5. 3 6. 6 7. 15 8. 16

Practice Manual

9. 2 (a) & (b) RTP M15

CHAPTER-3: EXEMPTED INCOMES


10. 6

11. 8

Practice Manual

CHAPTER-4: INCOME FROM SALARIES

No. Q.No. Source 1. 6 2. 8 3. 11 4. 15 5. 16 6. 17 7. 24 8. 26 9. 27 10. 30

MM Material

11. 9 12. 11 13. 14 14. 16 15. 17 16. 22

Practice Manual

17. 4(b) RTP M15 18. 8 Study Material

CHAPTER-5: INCOME FROM HOUSE PROPERTY

No. Q.No. Source 1. 2 2. 5 3. 6 4. 7 5. 9 6. 10 7. 11 8. 13

MM Material

9. 3 10. 5 11. 9 12. 10

Practice Manual

13. 5 RTP M15

CHAPTER-6: PGBP

No. Q.No. Source 1. 3 2. 4 3. 7 4. 9 5. 10 6. 11 7. 13 8. 14 9. 17 10. 19 11. 22 12. 23 13. 26 14. 28

MM Material

15. 1 16. 2 17. 3 18. 4 19. 5 20. 7 21. 15 22. 16 23. 21 24. 22 25. 24

Practice Manual




Page 65 of 98

26. 28 27. 30 28. 39 29. 40 30. 6 RTP M15 31. 17 Study Material

CHAPTER-7: CAPITAL GAINS

No. Q.No. Source 1. 4 2. 7 3. 11 4. 13 5. 14 6. 17 7. 18 8. 20 9. 22 10. 24 11. 28 12. 29 13. 31 14. 32 15. 34 16. 35

MM Material

17. 1 18. 2 19. 5 20. 7 21. 13 22. 16 23. 22 24. 27 25. 39

Practice Manual

26. 7 RTP M15

27. 7

28. 14

29. 19

Study Material

CHAPTER-8: INCOME FROM OTHER SOURCES

No. Q.No. Source 1. 9 MM Material - Illustration

2. 1

3. 2

4. 3

5. 5

6. 7

7. 8

MM Material

8. 1

9. 3

10. 4

11. 6

12. 8

Practice Manual

13. 8 (a & b) RTP M15

14. 1

15. 2

16. 3

Study Material

CHAPTER-9: CLUBBING PROVISIONS

No. Q.No. Source 1. 2 2. 3 3. 4 4. 5

MM Material

5. 2 6. 3 7. 8 8. 14

Practice Manual

CHAPTER-10: SET OFF AND CARRY FORWARD OF

LOSSES

No. Q.No. Source 3. 1 4. 2 5. 3 6. 4 7. 5

MM Material

8. 3 9. 6 10. 9 11. 10

Practice Manual

12. 10 RTP M15

CHAPTER-11: DEDUCTIONS UNDER CHAPTER - VIA


2. 4

3. 5

4. 6

5. 10

6. 12

7. 16

MM Material

8. 3

9. 4

10. 8

Practice Manual

11. 11 RTP M15


Page 66 of 98

CHAPTER-12: TOTAL INCOME

No. Q.No. Source 1. All Problems in MM Material (1to18)

2. 5

3. 6

4. 8

5. 10

6. 11

7. 17

8. 19

9. 26

10. 29

11. 33

12. 43

Practice Manual

13. 12 RTP M15

CHAPTER-13: TDS & ADVANCE TAX

No. Q.No. Source 1. 1 MM Material

2. 1

3. 2

4. 8

Practice Manual

THEORY

CHAPTER -1: BASIC CONCEPTS (INTRODUCTION).

No. Question Q.No. Source 1. An employee instructs his employer to pay a certain portion of

his salary to a charity and claims it as exempt as it is diverted by over riding charge / title – Comment.

2

2. Who is an “Assessee”? Who is a “Deemed Assessee”? Who is an “Assessee in Default”? Explain with suitable examples. 4

3. State any four instances where the income of the previous year is assessable in the previous year itself instead of the assessment year.

5

Practice Manual

CHAPTER -2: RESIDENTIAL STATUS

No. Question Q.No. Source 1. Discuss the provisions relating to determination of residential

status of Hindu undivided family, partnership firm and company. 9

2. An individual, who is an Indian resident, is allowed to hold two different citizenships simultaneously. Is the citizenship a determining factor for residential status of an individual?

18 Practice Manual

CHAPTER -3: EXEMPTED INCOMES

No. Question Q.No. Source 1. Whether the income derived from saplings or seedlings grown

in a nursery is taxable under the Income-tax Act, 1961? 3

2. Explain the meaning of expression "advancement of any other object of general public utility" in the context of "Charitable Purpose" defined under section 2(15) of the Act. Discuss its tax implication as well.

10 Practice Manual


Page 67 of 98

CHAPTER -4: INCOME FROM SALARIES

No. Question Q.No. Source 1. Sec.17(3) - Profit In Lieu of Salary - MM Material

2. Distinguish between foregoing of salary and surrender of salary. 20 Practice Manual

CHAPTER -5: INCOME FROM HOUSE PROPERTY

No. Question Q.No. Source 1. Sec.27 - Deemed Owner - 2. Sec.25AA - Recovery of Unrealized Rent -

MM Material

3. Explain briefly the applicability of section 22 for chargeability of income-tax for: i) House property situated in foreign country and ii) House property with disputed ownership.

12

4. Discuss the following issues relating to Income from house property: i) Income earned by residents from house properties situated

in foreign countries. ii) Properties which are used for agricultural purposes.

14

5. 1. X let out his property to Y. Y sublets it. How is sub-letting receipt to be assessed in the hands of Y?

2. Y has built a house on a leasehold land. He has let out the property and claims that the income there from is chargeable under the head “Income from other sources”. He has deducted expenses on repairs, security charges, insurance and collection charges in all amounting to 40% of receipts. Is Mr.Y’s claim valid?

3. Z uses his property for his own business. Would the annual value be subject to tax under the head “Income from house property”?

15

Practice Manual

CHAPTER -6: PGBP

No. Question Q.No. Source 1. Sec.35 - Expenditure on scientific research -

2. Sec.35ABB - License for Telecommunication Services -

3. Sec.35D - Amortisation of preliminary expenditure -

4. Sec.37 - Residuary section - 5. Sec.43B - Deduction based on actual payments -

6. Sec.40A(3) - Cash payments > 20,000 -

7. Sec.44AA - Maintenance of books -

8. Sec.44AB - Tax audit -

MM Material

9. Write short notes on: i) Restrictions on deductions allowable to the partnership firm

in respect of salary and interest to its partners under section 40(b) of the Income-tax Act, 1961.

ii) Carry forward and set off of unabsorbed depreciation. iii) Additional depreciation.

26 Practice Manual

10. Explain the tax treatment of Limited Liability Partnership under the Income-tax Act, 1961. 48 Practice Manual


Page 68 of 98

CHAPTER -7: CAPITAL GAINS

No. Question Source 1. Sec.51 - Forfeiture of advance.

2. Sec.10(37) - Exemption of C.G. on compulsory Acq. of urban Agr. land

3. Sec.10(38) - Exemption of LTCG on transfer of securities subject to STT

4. Sec.45(2) - Conversion Capital Asset into SIT 5. Sec.45(5) - Compulsory Acquisition

6. Sec.55A - Reference to Valuationer

MM Material

CHAPTER -8: INCOME FROM OTHER SOURCES

No. Question Q.No. Source 1. Rahul holding 28% of equity shares in a company, took a loan

of ` 5,00,000 from the same company. On the date of granting the loan, the company had accumulated profit of ` 4,00,000. The company is engaged in some manufacturing activity. i) Is the amount of loan taxable as deemed dividend in the

hands of Rahul, if the company is a company in which the public are substantially interested?

ii) What would be your answer, if the lending company is a private limited company (i.e. a company in which the public are not substantially interested)?

9 Practice Manual

2. How is “dividend stripping” enforced by section 94(7) of the Income-tax Act, 1961? 11 Practice Manual

CHAPTER -9: CLUBBING PROVISIONS

No. Question Source 1. Sec.61 2. Sec.64(1) (iv) - Gift to Spouse 3. Sec.64(1A) - Income of Minor Child 4. Sec. 64(2) - Conversion of Self Acquired Property

MM Material

CHAPTER -10: SET OFF & CARRY FORWARD OF LOSSES

No. Question Source 1. Sec.78 - Reconstitution of the firm And succession of any person 2. Sec.79 - Losses incurred by a co., in which public are not substantially

interested MM Material

CHAPTER -11: DEEMED INCOME

No. Question Q.No. Source

1. Explain "Previous year" for undisclosed sources of income. 1 MM Material Past Exam Questions

CHAPTER -12: DEDUCTIONS UNDER CHAPTER - VIA

No. Question Source 1. Sec.80D - Deduction In Respect of Health Insurance Premia 2. Sec.80DD - Maintenance & Medical treat. of Handicapped Dependent 3. Sec.80E - Repayment of education loan 4. Sec.80GG - Rent Paid 5. Sec.80QQB - Deduction In Respect of Royalty Income 6. Sec.80RRB - Deduction In Respect of Royalty on Patents

MM Material


Page 69 of 98

CHAPTER -13: RETURN OF INCOME

No. Question Source 1. Sec.139(3) - Loss Return

2. Sec.139(4) - Belated Return

3. Sec.139(5) - Revised Return

5. Sec.139(9) - Defective Return 6. Sec.139A - PAN

7. Sec.140 - Return To Be Signed By Whom

MM Material

CHAPTER -13: ADVANCE TAX & TAX DEDUCTED AT SOURCE (TDS)

No. Question Q.No. Source 1. Sec.234A - Non/Late Filing of Return - MM Material

2. Briefly discuss the provisions relating to payment of advance tax on income arising from capital gains and casual income. 10 Practice Manual

THE END


Page 70 of 98











INDIRECT TAXATION

PROBLEMS

CENTRAL EXCISE

CHAPTER-1: BASIC CONCEPTS OF CENTRAL EXCISE

No. Q.No. Page No. Source 1. 12 21 MM Material

CHAPTER-3: VALUATION OF EXCISABLE GOODS

No. Q.No. Page No. Source 1. 4 35 2. 9 37 3. 10 38

MM Material

4. 16 112 RTP M15 CHAPTER-4: S.S.I. EXEMPTION.


CUSTOMS DUTY

CHAPTER-1: BASICS IN CUSTOMS DUTY

No. Q.No. Page No. Source 1. 24 115 RTP M15

CHAPTER-2: TYPES OF CUSTOMS DUTIES.

No. Q.No. Page No. Source 1. 4 66

2. 8 67

3. 12 69

MM Material

CENVAT CREDIT No. Q.No. Page No. Source

1. 4 109 2. 5 109 3. 7 111 4. 11 113 5. 12 113 6. 16 114 7. 18 116 8. 21 118 9. 27 120

MM Material

10. 17,18 113 RTP M15 11. Ex.1 36 12. Ex.2 37

Amendments Material




Page 71 of 98

CENTRAL SALES TAX ACT, 1956


2. 2 139

3. 5 141

4. 6 141

5. 9 142

6. 11 143

7. 13 144

MM Material

8. 21 114 RTP M15

VAT

CHAPTER-1: VAT INTRODUCTION


CHAPTER-2: CONCEPT OF INPUT TAX CREDIT

No. Q.No. Page No. Source

1. 2 98

2. 3 99

3. 5 100

4. 10 104

MM Material

5. 22 115 RTP M15

SERVICE TAX

CHAPTER-2: POINT OF TAXATION RULES.

No. Q.No. Page No. Source 1. 4 26 MM Material 2. 23 115 RTP M15 3. Ex.1 29 Amendments

CHAPTER-3: VALUATION OF SERVICE TAX & ITS

RULES


2. 3 35

3. 10 40

4. 12 42

MM Material

CHAPTER-4: GENERAL PROCEDURES.

No. Q.No. Page No. Source 1. 4 59 2. 6 62 3. 8 63 4. 9 63 5. 15 53 6. 12 52

MM Material

7. 19 114 8. 25 116

RTP M15

9. Ex.1 33 10. Ex.3 37

Amendments

CHAPTER-5: NEGATIVE LIST & S.S.P.


2. 15 112

3. 20 114

RTP M15


Page 72 of 98

THEORY

CENTRAL EXCISE CHAPTER -1: BASIC CONCEPTS OF CENTRAL EXCISE


1. Difference between non excise goods and non dutiable goods? 6 8

2. Define Manufacture in Central Excise Act? 7 9

3. Explain briefly whether “assembly” would tantamount to ‘manufacture’ under the Central Excise Act, 1944. 9 11

MM Material

CHAPTER -2: CLASSIFICATION OF EXCISABLE GOODS

No. Question Q.No. Page No. Source 1. State the Trade Parlance Theory. 4 24 MM Material

CHAPTER -3: VALUATION OF EXCISABLE GOODS.


1. Write a note on Duty based on capacity of production. 3 26

2. Write a note on Compounded levy scheme. 4 26

3. Explain the essential features of valuation of excise goods under Section 4 Central Excise Act.1944. 8 29

MM Material

CHAPTER -4: S.S.I. EXEMPTION


1. Briefly state the provisions relating to exemptions available for small scale units under Central excise Act.1944.

1 42 MM Material

CUSTOMS DUTY

CHAPTER -1: BASICS IN CUSTOMS DUTY

No. Question Q.No. Page No. Source 1. Explain briefly legal provisions relating to pilfered goods

under the Customs Act, 1962. 7 52

2. Write a brief note on Remission of Duty on Lost, Destroyed and Abandoned Goods with reference to the Customs Act, 1962.

8 52 MM Material

CHAPTER -2: TYPES OF CUSTOMS DUTY

No. Question Q.No. Page No. Source 1. Write a short note on Additional customs duty under

section 3(1) of the Customs Tariff Act, 1975? 2 59

2. Write a short note on Safeguard duty under customs tariff Act, 1975? 8 62

3. Write a short note on Countervailing duty on subsidized articles under customs tariff Act, 1975? 9 63

MM Material


Page 73 of 98

CHAPTER -3: IMPORTATION & EXPORTATION PROCEDURES.


a) Distinguish Import manifest & Bills of Entry. Point No. 2 & 7

70 &71

b) Explain clearance of imported goods form the custom station. 10 71

MM Material 1.

c) What is the concept of Transit & Transshipment Explain - - -

CENVAT CREDIT


1. Define: a. Exempted goods b. Exempted services c. Final products 7 83

2. Discuss the manner of utilization of CENVAT credit allowed on inputs or capital goods received in the factory? 9 85

3. Is the manufacturer allowed to remove the inputs and capital goods from his factory, on which the CENVAT credit has been taken? Explain.

11 86

4. The goods manufactured by a company got destroyed by fire. The payment of duty was ordered to be remitted. Is the company required to reverse the CENVAT credit taken by it? State whether the said reversal applies to credit of inputs services and/or capital goods?

13 89

5. What is the time limit for availment of CENVAT credit in respect of inputs / input service? 15 90

6. What do your mean by ‘Input Service Distributor’? What is the manner of distribution of credit by input service distributor? 26 105

MM Material


No. Question Q.No. Page No. Source 1.

Sec 2(ab) -’Crossing the customs frontiers of India’ 4 (Point No.3) 125

2. Explain list of declared goods under sec.14 of CST act 1956 and state restrictions if any, on state taxation on such goods?

5 130

3. Penultimate Sale Sec 5(3) 6 (Point

No.1) 132

4. CST treatment in case of Inter-state Stock transfer or Consignment transfer? 9 135

5. What are the tax rates under CST Act? 11 136

MM Material

VAT

CHAPTER 1 -: VAT INTRODUCTION.

No. Question Q.No. Page No. Source 1. What are the features of VAT, as indicated in the white

paper? 4 84

2. What are the variants of VAT? 5 84 3. What are the methods for computation of VAT? 6 85

MM Material


Page 74 of 98

CHAPTER 2 -: CONCEPT OF INPUT TAX CREDIT UNDER VAT

No. Question Q.No. Page No. Source 1. What purchases are not eligible for input tax credit/ or

what are the exception to input-tax credit? 2 92

2. How is input credit allowed on common goods used for taxable goods & tax-free goods? 6 95

3. Differentiate between exempt sales and zero-rate sales. 8 96

4. How are stock/branch transfers accounted for under VAT laws? 9 96

MM Material

CHAPTER 3 -: SMALL DEALERS & COMPOSITION SCHEME.

No. Question Q.No. Page No. Source 1. Explain the composition scheme available for small

dealers, under vat act? 1 108 MM Material

CHAPTER 4 -: VAT PROCEDURES.

No. Question Q.No. Page No. Source 1. What is meant by ‘TIN’ and what are the uses of ‘TIN’? 4 111 2. Explain the system of cross checking? 7 112 3. VAT invoice. 9 113 4. Explain the role of chartered accountant in VAT. 10 114 5. Discuss importance of vat on lease transactions? 14 117

MM Material

SERVICE TAX

CHAPTER 1 -: INTRODUCTION TO SERVICE TAX

No. Question Q.No. Page No. Source 1. Declared Services & Deemed Sales. 6 (4 & 6) 14 & 16 MM Material

CHAPTER 3 -: VALUATION OF SERVICE TAX & ITS RULES

No. Question Q.No. Page No. Source 1. How to determine consideration as per Rule 3 of

Service Tax (determination of value) rules, 2006. 2 (1) 29

2. What are the service specific exclusions in the valuation of taxable service? 4 31

MM Material

CHAPTER 4 -: GENERAL PROCEDURES.


1. Explain the concept & Applicability of partial reverse charge. 1 45 2. Briefly explain the provisions relating to advance payment of

service tax 5 50

3. Briefly explain the important points to be kept in mind while paying service tax. 7 51

4. Explain the procedure for issuance of bill / invoice / challan? 16 53

MM Material

CHAPTER 5 -: NEGATIVE LIST & S.S.P.


1. What do you understand by ‘Bundled Service’? What are the principles for classification of bundled service? 4 67 MM Material


Page 75 of 98

CENTRAL EXCISE

CHAPTER-1: BASIC CONCEPTS OF CENTRAL EXCISE


2. 7 20

3. 8 20

MM Material

CHAPTER-3: VALUATION OF EXCISABLE GOODS


CHAPTER-4: S.S.I. EXEMPTION.


CUSTOMS DUTY

CHAPTER-2: TYPES OF CUSTOMS DUTIES.


2. 7 67 MM Material

CENVAT CREDIT


2. 24 119 MM Material



2. 12 143 MM Material

VAT

CHAPTER-1: VAT INTRODUCTION


CHAPTER-2: CONCEPTS OF INPUT TAX CREDIT

No. Q.No. Page No. Source

1. 6 101

2. 8 102

3. 12 106

MM Material

SERVICE TAX

CHAPTER-2: POINT OF TAXATION RULES.


2. 2 23

3. 5 27

MM Material

CHAPTER-3: VALUATION OF SERVICE TAX & ITS

RULES


2. 8 37

3. 13 43

MM Material

CHAPTER-4: GENERAL PROCEDURES.


PROBLEMS




Page 76 of 98

CENTRAL EXCISE

CHAPTER -1: BASIC CONCEPTS OF CENTRAL EXCISE


1. What are the basic conditions for levy of duty Under Section 3 of Central excise Act.1944? 3 6

2. Briefly explain with reference to provisions of Central excise Act.1944 – Dutiability of waste and scrap. 11 12

MM Material

CHAPTER -2: CLASSIFICATION OF EXCISABLE GOODS

No. Question Q.No. Page No. Source 1. What do you mean by Classification? What is the need

for classifying the goods? 1 23 MM Material

CHAPTER -3: VALUATION OF EXCISABLE GOODS.


1. Place of Removal & Time of Removal 9 (3) 31 MM Material

CUSTOMS DUTY

CHAPTER -1: BASICS IN CUSTOMS DUTY

No. Question Q.No. Page No. Source 1. How is the Determination of Duty done, where goods

consist of articles liable to different rates of duty [Section 19]?

4 50

2. Write a short note on Abatement of duty on damaged or deteriorated goods. 10 54

MM Material

CHAPTER -2: TYPES OF CUSTOMS DUTY

No. Question Q.No. Page No. Source 1. Write a short note on Anti-dumping duty under customs

tariff Act, 1975? 10 63 MM Material

CHAPTER -3: IMPORTATION & EXPORTATION PROCEDURES.

No. Question Q.No. Page No. Source 1. Explain Export Proceudre. - - MM Material

CENVAT CREDIT


1. Define Inputs & “Input service”? 2 & 3 78 & 79

2. Whether CENVAT credit can be denied on the ground that the document on the basis of which CENVAT credit is claimed does not contain all the information required therein?

24 105 MM Material

THEORY


Page 77 of 98


No. Question Q.No. Page No. Source 1. What are the Objects of the Central Sales Tax Act? 2 124 2. Sec 2(b) – ’Dealer’ 4 (4) 125

MM Material

VAT

CHAPTER 1 -: VAT INTRODUCTION.

No. Question Q.No. Page No. Source 1. What are the Advantages and Limitations of VAT? 7 & 8 87 & 89 MM Material

CHAPTER 4 -: VAT PROCEDURES.

No. Question Q.No. Page No. Source 1. Discuss importance of vat on hire purchase

transactions? 119 15 MM Material

SERVICE TAX

CHAPTER 1 -: INTRODUCTION TO SERVICE TAX

No. Question Q.No. Page No. Source 1. Implication of one person for another. 6 (3) 14 MM Material

CHAPTER 2 -: POINT OF TAXATION RULES, 2011.


1.

a) Define continuous supply of service. b) Determination of point of taxation in case of change

in tax rate? c) Payment of tax in cases of new services [Rule 5 of

Point of Taxation Rules 2011] d) Determination of point of taxation in case of reverse

charge, associated enterprises

3,4,5 & 6

19,20 & 21 MM Material

CHAPTER 4 -: GENERAL PROCEDURES.

No. Question Q.No. Page No. Source 1. An assessee who has collected service tax from a client

is unable to perform the service. Briefly explain the situations in which and the conditions subject to which he can adjust the service tax relating to above, against his forthcoming service tax liability.

4 50

2. Write a note on maintenance of records and preservation thereof under the service tax law. 17 54

3. what are the conditions for provisional assessment? 19 56

MM Material

THE END


Page 78 of 98











AUDITING

CHAPTER -1: INTRODUCTION TO AUDITING

No. Question Q.No. Page No. Source 1. “Audit is not legally obligatory for all types of business

organizations or institutions” Discuss. 3(a) 46

2. “Auditor is expected to be familiar with the overall economic environment in which his client is operating.” Discuss.

4(a) 47 RTP M15

CHAPTER -2: CONCEPTS OF AUDITING

No. Question Q.No. Page No. Source 1. Write about examination / auditing in depth. 8 34

2. Write a short note on surprise check. 4 31 MM Material Book No.20A

CHAPTER -3: AUDIT EVIDENCE


1. What are the audit procedures to obtain audit evidence? 6 49 MM Material Book No.20A

2. What are the obvious assertions in the following items appearing in the Financial Statements? a) Profit and Loss Statement Travelling Expenditure ` 50,000 b) Balance Sheet Trade receivable ` 2,00,000

5 42

3. What are the various methods of obtaining audit evidence? Mention the same in brief. 7(b) 43

RTP N14




Page 79 of 98

CHAPTER -4: AUDIT PREPARATION

No. Question Q.No. Page No. Source 1. “The auditor shall establish an overall audit strategy that

sets the scope, timing and direction of the audit, and that guides the development of the audit plan.” How would you as an auditor establish the overall audit strategy?

8(b) 54 RTP M14

2. Name some transactions not suitable for test checking? 6 66 3. What are the contents of an audit note book? Give a

specimen page of an audit note book with four imaginary entries therein.

2 61 MM Material Book No.20A

CHAPTER -5: CAPITAL & REVENUE EXP., DEP. & RESERVES

No. Question Q.No. Page No. Source 1. What is meant by depreciation? What are the purposes

of providing it? 1 73

2. Reserves vs. provisions? 8 79

MM Material Book No.20A

CHAPTER -6: COMPANY AUDITOR

No. Question Q.No. Page No. Source 1. “Provisions regarding rotation of auditors affect only

specific class of companies”. Discuss. 15(b) 48

2. State the disclosure required to be made in the financial statements if these do not comply with the accounting standards.

16(a) 48

3. Explain the Director’s responsibility statement in brief. 17(a) 49

RTP M15

4. Under what circumstances the retiring Auditor cannot be reappointed? 6 9

5. The board of directors of a company have filed a complaint with the institute of chartered accountants of India against their statutory auditors for their failing to attend the annual general meeting of the shareholders in which audited accounts were considered.

35 35

MM Material Book No.20C

CHAPTER -7: MISCELLANEOUS MATTERS IN COMPANY AUDIT


1. Write about Cost Audit. 3 49 MM Material Book No.20C

CHAPTER -8: SPECIAL AUDIT


1. An NGO operating in Delhi had collected large scale donations for tsunami victims. The donations so collected were sent to different NGO’s operating in Tamilnadu for relief operations. This NGO operating in Delhi has appointed you to audit its accounts for the year in which it collected and remitted donations for tsunami victims. Draft audit programme for audit of receipts of donations and remittance of the collected amount to different NGO’s. Mention six points each, peculiar to the situation, which you will like to incorporate in your audit programme for audit of said receipts and remittances of donations.

6 30 MM Material Book No.20B


Page 80 of 98

2. Mention the special points to be examined by the auditor in the audit of a charitable institution running hostel for students pursuing the chartered accountancy course and which charges only Rs.500 per month from a students for his lodging / boarding

4 28

CHAPTER -9: GOVERNMENT AUDIT


1. Write about Audit of Government Expenditure? 1 33

2. With reference to Government Audit what do you understand by ‘Audit of Commercial Accounts’. 5 37

MM Material Book No.20B

CHAPTER -10: EDP AUDIT


1. Why are CAAT required in EDP Audit? What are the advantages of CAAT? 4 45

2. Write a short note on ‘Audit trail in a computerized accounting environment’. 8 50


CHAPTER -11: AUDIT OF SHARE CAPITAL


1. Briefly discuss the provisions of the Companies Act, 2013 with regard to issue of shares at a discount. 17(b) 49 RTP M15

CHAPTER -13: AUDIT OF CASH TRANSACTIONS


1. Vouching is the essence of audit. Comment. 2 57

2. How will you vouch the recovery of bad debts? 36 75


CHAPTER -14: AUDIT OF TRADING TRANSACTIONS


1. What is the meaning of the term “cut off procedure”? 8 88 MM Material Book No.20B

CHAPTER -15: VERIFICATION & VALUATION OF ASSETS


1. What are the steps involved in verification of land holdings in the case of real estate dealer? 22 112

2. Sundry debtors include charges made for returnable packing cases. how will you deal with the above? 28 116


CHAPTER -16: VERIFICATION OF LIABILITIES


1. a) What is contingent liability? how will you verify the same?

b) How will you disclose the contingent liability in the b/s.? c) What will be the effect in the event of maturity of it?

7 137 MM Material Book No.20B


Page 81 of 98

CHAPTER -17: INTERNAL CONTROL


1. Write about letter of weakness / letter of management 11 153 MM Material Book No.20B

2. Write about applicability of Internal Audit - - - STANDARDS ON AUDITING:

SA-210 Agreeing the Terms of Audit Engagements (Revised).

SA-240 The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (Revised).

SA-315 Identifying and Assessing the Risk of Material Misstatements through Understanding the Entity and Its Environment.

SA-540 Auditing Accounting Estimates, including fair value accounting estimates, and related disclosures (Revised).

SA-570 Going Concern (Revised).

SA-580 Written Representations (Revised).

SA-610 Using the work of an Internal Auditor (Revised).

SA-710 Comparative information – Corresponding figures and comparative financial statements (Revised).

SA-402 Audit Considerations Relating to Entities Using Service Organisations (Revised).

CHAPTER -1: INTRODUCTION TO AUDITING


1. What are the responsibilities of auditor as per SA-200 [revised]? 13 22

2. What are the advantages of independent audit? 11 20

3. What are the inherent Limitations of an Audit? 4 13


CHAPTER -2: CONCEPTS OF AUDITING


1. Materiality being fundamental to the process of accounting is an important and relevant consideration for the auditor”. Discuss.

11 38

2. Under what circumstances / conditions the financial statements are considered to present a “true and fair” state of affairs?

12 39





Page 82 of 98

CHAPTER -3: AUDIT EVIDENCE


1. Explain various factors, which influence the auditors judgment as to what is sufficient and appropriate audit evidence.

4 49

2. Write short note on inherent risk at the level of financial statements and at the account balances level & at the class of transactions level.

9 53


CHAPTER -4: AUDIT PREPARATION


1. Advantage of statistical sampling in Auditing - 69

2. M/s. Health zone, a partnership firm, running a nursing home have decided to discontinue you as an auditor for the next year and requests you to handover all the relevant working papers of the previous year

1 71

3. Advantages of Audit Programme - 60


CHAPTER -6: COMPANY AUDITOR


1. Discuss the provisions contained in the Companies Act, 2013 regarding appointment of First Auditors in the case of Government Company.

15(a) 48 RTP M15

2. A vacancy arose in the office of an auditor of XYZ Ltd due to death of the Auditor Mr. Z and the Managing Director of the company filled that vacancy. Comment citing the provisions of the Companies Act, 2013.

17(c) 49

3. An auditor purchased goods worth ` 501,500 on credit from a company being audited by him. The company allowed him one month’s credit, which it normally allowed to all known customers. Comment.

18(a) 49

RTP M15

4. “ABC & Co.” is an audit firm having partners “Mr. A”, “Mr. B” and “Mr. C”, chartered accountants. “Mr. A”, “Mr. B” and “Mr. C” are holding appointment as an auditor in 4, 6 and 10 companies respectively. 1. Provide the maximum number of audits remaining in the

name of “ABC & Co.” 2. Provide the maximum number of audits remaining in the

name of individual partner i.e. Mr. A, Mr. B and Mr. C.

31 34

5. A is appointed as the auditor of x ltd. On 26th july, 2014. He informs the company that he will visit its head office on august 15, 2014 (a holiday for the company) and examine the cash book. The accountant argues that a should come after march 31, 2015 when the accounts are closed. Moreover, he should not come on a sunday as the office is closed on that day. Is the position taken by the accountant legally correct?

36 36

MM Material Book

No.20C


Page 83 of 98

CHAPTER -7: MISCELLANEOUS MATTERS IN COMPANY AUDIT


1. Write about Audit of Branch Office Accounts. 2 49 MM Material Book No.20C

CHAPTER -8: SPECIAL AUDIT

No. Question Q.No. Page No. Source 1. Audit of hotels. 8 13 2. Audit of a cinema theatre. 6 10


CHAPTER -9: GOVERNMENT AUDIT

No. Question Q.No. Page No. Source 1. Propriety Audit - 34

Write a short note on audit of stores and stocks in the context of government auditing. 4 36


CHAPTER -10: EDP AUDIT


1. Write about different approaches to auditing in a computerized environment. 1 42 MM Material

Book No.20B

CHAPTER -13: AUDIT OF CASH TRANSACTIONS

No. Question Q.No. Page No. Source 1. What are the steps in vouching of excise duty? 5 58 2. How will you vouch advertisement expenses? 11 62


3. Purchase of Motor Car - Verify 13(b) 54 RTP M14 CHAPTER -15: VERIFICATION & VALUATION OF ASSETS

No. Question Q.No. Page No. Source 1. What are the steps in verification of investments? 14 108 2. How do you verify endowment policies? 36 120


3. Machinery acquired under Hire-purchase system. 4(c) - MTP Oct14

CHAPTER -17: INTERNAL CONTROL


1.

a) Your firm of Chartered Accountants has been allotted Information Systems Audit of 6 branches of Oriental Bank of Commerce. How would you assess the reliability of internal control system in computerized information system?

b) “Internal control can provide only reasonable but not absolute assurance that its objective relating to prevention and detection of errors/frauds, safeguarding of assets etc., are achieved.” Explain.

10 48 RTP M15

2. Write a short note on independence of internal auditor 7 150 MM Material Book No.20B


Page 84 of 98

STANDARDS ON AUDITING:

SA-200 Overall objectives of the independent Auditor and the conduct of an Audit in accordance with standards on Auditing (Revised).

SA-210 Agreeing the Terms of Audit Engagements (Revised).

SA-240 The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (Revised).

SA-315 Identifying and Assessing the Risk of Material Misstatements through Understanding the Entity and Its Environment.

SA-540 Auditing Accounting Estimates, including fair value accounting estimates, and related disclosures (Revised).

SA-570 Going Concern (Revised).

SA-580 Written Representations (Revised).

SA-610 Using the work of an Internal Auditor (Revised).

SA-710 Comparative information – Corresponding figures and comparative financial statements (Revised).

THE END


Page 85 of 98











INFORMATION TECHNOLOGY

1 . TELECOMMUNICATIONS & NETWORKS

No. Question Source

1.

Write short notes on need and scope of computer networks? (OR) Describe the ways in which a computer network can help business?

2.

Write about different kinds of cables commonly used in LAN’s (Or) What are the popular guided media available?

3. Write about Local Area Networks (LAN)? Explain characteristics of LAN?

4. Write about different types of telecommunication networks?

5. Write about Mesh form of Network?

6. Write short notes on Star Network?

7. Write about bus network?

8. Write about Ring form of Network?

9.

Write about Transmission Technology (Or) Write about Serial and Parallel Transmission.

10. Write about different modes of data communication (Or) Transmission modes?

11. Write about Open System Interconnection (OSI)

12. How can Client computers be classified?

13. Discuss the Working of Client/Server architecture.

14. Explain the threats involved in system security?

15. Explain the vulnerabilities involved in system security?

16. What tools are available to protect the information in network against intrusion or misuse?

MM Main Material




Page 86 of 98

17. Write about Mobile Commerce.

18. MAN

19. WAN

20. Bandwidth

21. Cryptography

22. Internet work Processors

23. Digital Subscriber Line (DSL)

24. Site blocking

MM Fast Track 1 Mark Questions

25. Serial Transmission Vs. Parallel Transmission.

26. Star Network Vs. Ring Network.

MM Fast Track Differences

2 . INFORMATION SYSTEMS & IT FUNDAMENTALS

No. Question Source

1. Write about System Software in detail. (Or) What is an OS? Explain functions or activities performed by OS?

2. Write short notes on cache memory? 3. Write short notes on Virtual memory?

4. Explain the Hierarchical Database Model in detail.

5. Explain the Network Database Model in detail.

6. Explain the Relational Database Model in detail. 7. List out the Advantages and Disadvantages of a DBMS.

8. Write about Bluetooth technology.

9. Write about Wi-Fi technology.

10. What is Business Process Automation? Explain the concept.

MM Main Material

11. Information System

12. System Software

13. Application Software

14. Operating System 15. DBMS

16. Machine Cycle

17. Android


18. Complex Instruction Set Computer (CISC) Vs. Reduced Instruction Set Computer (RISC)

19. Virtual Memory Vs. Main Memory


3 . BUSINESS INFORMATION SYSTEM

No. Question Source 1. Explain Transaction Processing System (TPS). Explain TPS attributes.

2. What is meant by DSS? Explain characteristics of a Decision Support System.

3. What are the components of a Decision Support System?

4. Write a short note on Executive Information Systems (EIS). Explain the EIS components.

5. Explain Enterprise Resource Planning (ERP).

6. What is Accounting Information System (AIS)? Explain key components of Accounting Information System.

MM Main Material


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7. Define the term Artificial Intelligence? Write some of the applications of AI?

8.

Write a short note on Expert Systems. Explain various elements of expert systems. Also write its advantages and limitations. (Or) What is an expert system? Explain the various elements of an expert system. Also write its advantages.

9. Knowledge Management System 10. Enterprise Resource Planning

11. Supply Chain Management

12. Knowledge base

13. Business Information System 14. Extensible Business Reporting Language (XBRL)

15. Office Automation Systems (OAS)


16. Role-based Access Control (RBAC) Vs. Rules-based Access Control (RAC)

17. Explicit knowledge Vs. Tacit knowledge

18. TPS Vs. MIS


4 . BUSINESS PROCESS AUTOMATION THROUGH APPLICATION SOFTWARE

No. Question Source 1. What are the Objectives of Business Process Automation (BPA)? 2. Discuss Boundary controls in detail?

3. What do you means by the term Network Virtualization? Explain Major application of Virtualization?

4. What is Grid Computing? Why we need Grid Computing?

5. What are the Characteristics of Cloud Computing?

6. Discuss the Advantages and Disadvantages of Cloud Computing?

7. Explain cloud computing environment?

8. Explain different service models of cloud computing?

MM Main Material

9. Network Virtualization 10. Grid Computing 11. Cloud Computing 12. Input Controls 13. Output Controls


14. Manual Information Processing Cycle Vs. Computerized Information Processing Cycle.

15. Cloud Computing Vs. Grid Computing


5 . BUSINESS PROCESS MANAGEMENT & IT

No. Question Source

1. Explain typical life cycle of an accounting transaction? (Or) Explain Book keeping life cycle in Business Process?

2. What is meant by Accounting Information System (AIS)? Explain the Basic Functions of an Accounting Information System (AIS)?

3. What is Value Chain Automation? List out Six business functions of the value chain?

4. What is Business Process Automation (BPA) and mention Benefits & Risks.

5. Define Business Process Reengineering (BPR)? Explain with suitable example

MM Main Material


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6. Explain about Entity Relationship Diagrams? 7. Explain different types of relationships in Entity Relationship model?

8. Write about Data Flow Diagrams and Describe the components of DFD?

9. Describe the Key factors to consider in implementing BPM? 10. Process 11. Six Sigma 12. Total quality management (TQM) 13. BPM automation 14. Business Process Reengineering 15. Data Flow Diagrams 16. Flowchart 17. Decision Trees 18. Decision Table


19. Functional Organization Vs. Process Organization 20. Flowchart Vs. Data Flow Diagram


1 . TELECOMMUNICATIONS & NETWORKS

No. Question Source 1. Write about Telecommunication processors in a detailed manner? 2. What are the popular unguided media available? 3. Why users prefer Local Area Networks 4. Write short notes on TCP/IP. 5. Write short notes on Virtual Private Networks (VPN) 6. Switching techniques

7. Discuss some of the characteristics and issues of Client/Server (C/S) architecture?

8. E-commerce and explain the risks associated with e-commerce 9. Intrusion Detection system (IDS)

10. Write about Intranets? Explain benefits and role of intranet in organization?

11. Write about Extranet?

12. Define the Electronic Funds Transfer. State some examples of EFT systems in operation?

MM Main Material

13. Computer network 14. switch 15. protocol 16. intranet 17. Firewall 18. Multiplexer 19. Mobile commerce


20. Anti malware 21. Synchronous Transmission Vs. Asynchronous Transmission. 22. Thin client Vs thick client 23. Client server architecture Vs Peer to Peer Architecture.





Page 89 of 98

2 . INFORMATION SYSTEMS & IT FUNDAMENTALS

No. Question Source 1. What is Server? Explain different types of servers. 2. Write briefly about Mobile Computing?

3. What is Information System Life Cycle? Explain different phases of System development life cycle.

4. What are the benefits of automating an organization? 5. Information system development architecture 6. Micro Architecture 7. Explain the Need for Controls in Information Systems.

MM Main Material

8. Integrated Circuit (IC) 9. Hardware Virtualization 10. Groupware 11. Registers 12. Smart phone 13. Touch pad


3 . BUSINESS INFORMATION SYSTEM

No. Question Source 1. Explain the Components of Information System. 2. What are Transactions Processing Qualifiers? 3. Define Supply Chain Management? Explain its components. 4. Explain the components of Supply Chain Management. 5. Write about Core Banking System (CBS).

6. Write about credit card. What are the steps involved in credit card transaction?

7. Explain the Link between Information and Knowledge.

MM Main Material

8. Knowledge Management System 9. Explicit knowledge 10. Tacit knowledge 11. Knowledge level system 12. Business Intelligence 13. Office Automation Systems (OAS)


14. Strategic level and operational level 15. Information and knowledge

RTPS

4 . BUSINESS PROCESS AUTOMATION THROUGH APPLICATION SOFTWARE

No. Question Source 1. Write short notes on Delivery Channels? Explain its importance?

2. What are the major Control Objectives in Business Process Automation (BPA)?

3. What do you means by the term Network Virtualization? Explain Major application of Virtualization?

4. What is Grid Computing? Why we need Grid Computing?

5. What are the Characteristics of Cloud Computing?

6. Discuss the Advantages and Disadvantages of Cloud Computing?

7. Explain cloud computing environment?

8. Explain different service models of cloud computing?


Page 90 of 98

9. Identification cards

10. Disaster recovery 11. Middleware

12. Segregation of duties

13. control


14. IaaS vs SaaS

15. Private cloud Vs hybrid cloud RTPs

5 . BUSINESS PROCESS MANAGEMENT & IT

No. Question Source

1. Write about the lifecycle of a sales transaction (or) Explain the life cycle of Order to Cash (OTC or O2C)?

2. Explain the lifecycles of a purchase transaction?(or)Explain Procure to pay (purchase to pay or P2P) life cycle?

3. Write about six sigma model. 4. Explain the Need for a BPM implementation? 5. Explain about Decision Trees? 6. Explain about Decision Tables? 7. Benefits of BPMS

8. Write the Differences Between Functional Organization and Process Organization?

MM Main Material

9. Organizational business processes 10. Operational Business Processes 11. BPA 12. Entity in DFD

13. Data store


14. Different approaches to mapping systems 15. Advantages and limitations of DFDS 16. Advantages and limitations of flowcharts

Supplementary material

THE END


Page 91 of 98











STRATEGIC MANAGEMENT

CHAPTER – 1 : BUSINESS ENVIRONMENT

No. Question Source RTP N-14 1. Define the term Business. What are its objectives?

According to Peter F. Drucker, a business exists for making profit. Comment.

MM Main Material

2. State the Characteristics of Business Environment?

4. What are the basic goals of Environmental Analysis?

5. Explain the elements of Micro Environment.

6. Write short notes on Global Environment. 7. Explain different Strategic Approaches for Globalization.

MM Main Material

8. Explain Michael Porter's Five Forces Model of Competition analysis RTP M-14

9. Explain the five forces of Porter's competition analysis. Under Porter's model, new entrants are insignificant source of competition. Comment.

RTP M-14

10. Micro Vs. Macro Environment: MM Fast Track

Differences

11. State with reasons which of the following statements are correct/incorrect:

a) An organization with intense competition is unlucky.

b) The technology and business are highly interrelated and interdependent.

RTP N-14

12. A business organization is detached from the environment (or) businesses function in an isolated manner.

MM Fast Track True/False




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13. Globalization means different things to different people. 14. The term PESTLE analysis is used to describe a frame work for

analyzing the micro – environmental factors.

15. Strategic actions are always in reaction to the changes in environment.

16. Successful businesses have to recognize different elements of environment.

17. Environment is static in nature.

Statements

18. Environmental scanning 19. Demographic Environment

20. Ethnic mix

21. Globalization

MM Fast Track Definitions

CHAPTER – 2 : STRATEGIC MANAGEMENT PROCESS

No. Question Source

1. What are the various strategic levels in an organization?

2. What are the activities performed by Functional Level Managers?

3. What is Strategic Management? What are its objectives? Also state the Process of Strategic Management?

MM Main Material

MM Main Material 4. Explain the Framework of Strategic Management.

RTP M-14-Q.No.8

5. Explain the Importance or Benefits of Strategic Management. Do you think that Companies should manage strategically? Discuss.

6. List the Features/ Major Dimensions of Strategic Decision Making.

7. State the Characteristics of Objectives?

MM Main Material

8. State with reasons which of the following statements are correct/incorrect: a) A sound strategy does not leave any scope for miscalculations. b) The strategic management process ends with implementation. c) Strategic planning always flows from top to bottom

RTP N-14

9. Strategies are perfect, flawless and optimal organisational plans.

10. Corporate strategy is basically the growth design of the firm.

11. For a small entrepreneur vision and mission are irrelevant.

12. Strategic planning is an attempt to improve operational efficiency.

MM Fast Track True/False Statements

13. Mission vs. Vision

14. Objectives vs. Goals

15. Shared Vision vs. Vision Shared


16. Strategic Management

17. Strategic Decision Making

18. Strategic Vision

19. Mission

20. Shared Vision

21. Vision Shared



Page 93 of 98

CHAPTER – 3: STRATEGIC ANALYSIS

No. Question Source MM Main Material

1. List out the factors to be considered in Industry and Competition Analysis RTP M 14-Q.No.11

2. Write short notes on Strategic Group Mapping (or) How should the Market position of rivals / competitors be analysed?

3. What are the Key Success Factors for competitive success?

4. What do you mean by SWOT ANALYSIS? 5. Explain the Significance of SWOT Analysis

6. Write short notes on TOWS matrix. How can TOWS Matrix be used for analyzing strategic situation of a company?

7. What are the important concepts in the context of Portfolio Analysis?

MM Main Material

8. Explain the BCG Growth Share Matrix. MM Main Material

9. Explain the Growth Strategies under Ansoff’s Product- Market Growth Matrix. RTP N 13-Q.No.11

10. SWOT Analysis vs. TOWS Matrix MM Fast Track Differences

11. Strength is an inherent capacity of an organization

12. SWOT analysis merely examines internal environment of an organization.

13. Growth share matrix is popularly used for resource allocation.

14. Key Success factors are constant for all industries.

15. A strategic Group is a cluster of firms with dissimilar competitive approaches.

16. Portfolio analysis helps the strategists in identifying and evaluating various businesses of a company.


17. Strategic Group Mapping

18. Strategic Group

19. Key Success Factors

20. Portfolio Analysis

21. Strategic Business Unit (SBU)

22. Experience Curve

23. Product Life Cycle (PLC)


CHAPTER – 4: STRATEGY FORMULATION

No. Question Source

MM Main Material 1. Strategy of a company is partly Pro-active and partly Re-active. Explain.

RTP M-14-Q.No.9

2. What are Grand Strategies/ Directional Strategies (or) Master Strategies? What are the broad categories of Corporate Strategies?

3. Explain the concept of Expansion through Diversification?

4. Explain the concept of Vertical and Horizontal Integration Diversification.

5. Write short notes on “Concentric Diversification” and “Conglomerate Diversification”.

6. Explain the concept of Expansion through Mergers and Acquisitions.

MM Main Material


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7. Bring out the features of Retrenchment Strategy

8. How will a firm implement Turnaround Strategy?

9. What is a Divestment Strategy? Explain why is it adopted?

10. Write short notes on Liquidation Strategy.

11. What are the reasons for adopting Combination Strategy?

12. Discuss the concept of Marketing Mix.

13. What are the various methods for determining the Net Worth of a business?

14. Write short notes on Production strategy formulation.

15. What are the three major approaches for implementing R&D strategies?

16. Write short notes on Logistics Strategy

17. Outline the key areas where the Human Resource Manager can play a strategic role.

18. Distinguish between the following a) Mergers and acquisitions RTP M-14

19. Stability Strategy vs. Expansion Strategy

20. Concentric Diversification vs. Conglomerate Diversification

21. Backward Integrated Diversification Vs. Forward Integrated Diversification

22. Vertically Integrated Diversification vs. Horizontally Integrated Diversification

23. Logistics Management vs. Supply Chain Management


24. Strategic planning is an attempt to improve operational efficiency

25. Balance scorecard is a combination of strategic and marketing objectives

26. Diversification only involves entering in new businesses that are related to the existing business of an organization.

27. Concentric diversification amounts to unrelated diversification

28. Augmented marketing is provision of additional customer services and benefits

29. The management of funds can play a pivotal role in strategy implementation


30. Strategic Uncertainty

31. Strategic Intent

32. Best Cost Provider Strategy

33. Directional Strategies

34. Logistics Strategy


CHAPTER – 5: STRATEGY IMPLEMENTATION & CONTROL

No. Question Source 1. Outline the Inter-relationship between Strategy Formulation and

Implementation 2. What are the key issues in Strategy Implementation?

3. Write short notes on SBU Structure

MM Main Material


Page 95 of 98

4. Write Short notes on Network Structure

5. Define the term VCA. How can VCA be used to assess competitive advantage?

6. How are business activities classified for VCA purposes?

7. Write short notes on Core Competencies.

8. What is Strategic Leadership? What are the two approaches to leadership style?

9. What is Strategic Change and what are the steps to initiate it?

MM Main Material 10. Explain Kurt Lewin’s Change Process RTP N 14

Q.No.15

11. Is culture an obstacle or ally in Strategy Execution?

12. What is Strategic Control? Explain the different types of Strategic Control.

MM Main Material

13. Write short notes on the following: a) Hourglass Structure

RTP N 14 Q.No.3(e)

14. Efficiency vs. Effectiveness

15. Strategy Formulation vs. Strategy Implementation

16. Transformational Leadership vs. Transactional Leadership


17. SBU concept facilitates multi- business operations

18. Strategy follows structure

19. Culture promotes better strategy execution

20. The thrust of operational control is on individual tasks or transactions.

21. Changes in strategy may lead to changes in organizational structure.

MM Fast Track Track/False Statements

22. State with reasons which of the following statements are correct/incorrect: a) Network structure creates virtual organizations. b) Unfreezing facilitates change.

RTP N 14 Q.No.1(k,l)

23. Strategic Business Unit (SBU)

24. Competitive Advantage

25. Value Chain Analysis 26. Core Competence

27. Corporate culture

28. Strategic Leadership 29. Premise Control


CHAPTER – 6: REACHING STRATEGIC EDGE

No. Question Source 1. State the objectives of Business Process Re-engineering?

2. Bring out the features of Business Process Re-engineering. 3. Write down the steps in BPR?

4. Explain the role of information Technology in BPR.

5. What are the elements/steps in the process of Benchmarking?

MM Main Material

MM Main Material 6. What is Total Quality Management (TQM)? What are the principles / features of TQM? RTP M-14

7. What are procedures / methodologies for implementing Six Sigma? MM Main Material


Page 96 of 98

8. Explain the central themes of Six Sigma Philosophy. MM Main Material

MM Main Material 9. What are the strategy-shaping characteristics of E-Commerce environment? RTP N-14

10. BPR vs. Conventional Methods of improving organizational efficiency MM Fast Track

Differences

11. Strategic management is not needed in non-profit making organizations.

12. Reengineering means partial modification or marginal improvement in the existing work processes.

13. BPR is an approach to maintain the existing growth of an organization.

14. E-commerce technology opens up a host of opportunities for reconfiguring industry and company value chains.

15. Benchmarking is a remedy for all problems faced by organizations.

MM Fast Track True / False Statements

16. Business Process Re-engineering (BPR)

17. Benchmarking

18. Total Quality Management (TQM)

19. Six Sigma 20. Enterprise Resource Planning (ERP)


CHAPTER – 1: BUSINESS ENVIRONMENT

No. Question Source 1. Explain the Interactions / Exchanges / Relationship between an

organization and its environment. (Or) Organization and its Environment are interdependent. Comment.

2. What is a Multinational or Global Company?

3. What are the different methods/modes of Expansion into Foreign Markets?

MM Main Material

4. Consumers vs. Customers: MM Fast Track Differences

5. Under Porter’s 5 forces model new entrants are insignificant source of competition.

6. Joint ventures are favored when the partner’s strategic goals diverge while their competitive goals converge.


7. Business Environment:

8. Regional Blocks:

9. Kieretsu:


CHAPTER – 2 : STRATEGIC MANAGEMENT PROCESS

No. Question Source

1. Explain Business Policy as a discipline

2. State the characteristics of a Corporate Strategy? "Strategies are not perfect or flawless. They are not a substitute for sound, alert and responsible management". Discuss.

MM Main Material




Page 97 of 98

3. How to develop Strategic Vision?

4. Mission vs. Purpose: MM Fast Track Differences

5. Functional level managers are responsible for the specific business functions

6. Vision and Mission are translated into objectives.

7. Strategic management in an organization is a one- time activity.


CHAPTER – 3 : STRATEGIC ANALYSIS

No. Question Source 1. What are the characteristics of a Strategic Group?

2. Write short notes on “Competitive Intelligence” (or) “Likely strategic moves of rivals”.

3. Explain the General Electric (GE) Model of Portfolio Analysis. (“Stop- Light” Strategy Model)

MM Main Material

4. Decisions based on Industry Attractiveness / Unattractiveness; MM Fast Track

Differences

5. The ratio of SOH to sales is the highest in the introduction stage of a product life cycle.

6. GE matrix is an improvement over BCG matrix

7. Key success Factors in an industry always remain the same.


8. Driving forces:

9. Portfolio: MM Fast Track

Definitions

CHAPTER – 4 : STRATEGY FORMULATION

No. Question Source

1. What are the major components of Balanced Score Card Approach?

2. Explain Focus Strategy.

3. What are the reasons for adopting Expansion Strategy?

4. What are the reasons for adopting Retrenchment Strategy?

5. What is meant by Functional Strategies? In terms of level where will you put them? Are functional strategies really important for business?

6. When should a Firm have in-house R&D? When should it use external R&D support?

MM Main Material

7. Selling vs. Marketing: MM Fast Track Differences

8. A reactive strategy is formulated in an environment of uncertainty.

9. Stability strategy means staying where you are with nil growth.

10. Augmented marketing involves providing additional services to customers.

11. Firms that follow stability approach aim for modest growth in business.


12. Focused Cost Leadership Strategy:

13. Focused Differentiation Strategy:

14. Place Marketing:

15. Marketing:



Page 98 of 98

CHAPTER – 5: STRATEGY IMPLEMENTATION & CONTROL

No. Question Source

1. Participative process is a pre-requisite for effective strategy implementation. Comment.

2. Increased levels of diversification by firms call for newer structures. Comment.

3. How can a firm obtain competitive advantage? (OR) Compare and contrast the sources of competitive advantage.

MM Main Material

4. Competitive Advantage vs. Core Competence:

5. Inbound Logistics vs. Outbound Logistics:


6. Successful formulation of a strategy guarantees successful implementation.

7. All SBU’s of a firm are totally unrelated.

8. Strategy Formulation is primarily an intellectual process.

9. Marketers alone can deliver superior value to customers.


10. Efficiency MM Fast Track Definitions

CHAPTER – 6: REACHING STRATEGIC EDGE

No. Question Source

1. State the problems in traditional business processes (or) Outline the need for Business Process Re-engineering (BPR).

2. State the problems in the implementation of BPR?

3. What are the areas of Strategic Management in relation to Medical organizations?

MM Main Material

4. Intra- group Benchmarking vs. Inter- group Benchmarking: MM Fast Track Differences

5. The main focus of TQM is on suppliers.

6. Business Process is a cross- functional activity.


7. Core or Generic Business Processes:

8. Intra- group Benchmarking:


THE END

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