Past Questions

Describe the basic communication model and elucidate on the different barriers present in the communication process.

What do you understand by industrial dispute? State and explain the causes of industrial dispute. What methods can be adopted for prevention and setting of industrial dispute?

Briefly explain the attribution theory in perception. Describe any four shortcuts commonly used in the way we perceive others.

A factory produces a standard product. The following information is given to you from which you are required to prepare a Cost Sheet for the period ended 30th June, 2016. Materials: Opening stock `10,000; Purchases `85,000; Closing stock `4,000. Direct wages `20,000; Other direct expenses `10,000. Factory overheads 100% of direct labour; Office overheads 10% of works cost; Selling and distribution expenses `2 per unit sold. Units of finished product: In hand at the beginning of the period 1,000 units (value `16,000); Produced during the period 10,000 units; In hand at the end of the period 2,000 units. There was no work-in-progress either at the beginning or at the end of the period. Profit is 20% on the selling price.

What is internal audit? Distinguish between external audit and internal audit.

What is capital market? Explain the features of capital markets and highlight the role of SEBI in regulating capital market.

State the principal propositions of Modigliani and Miller (MM) Approach with regard to irrelevance of leverage on the value of the firm.

United Industries Ltd. has an investment budget of `100 lakh for 2016-17. It has shortlisted two projects A and B after completing the market and technical appraisals. The management wants to complete the financial appraisal before making the investment. Further particulars regarding the two projects are given below: Project A: Investment required `100 lakh, Average annual cash inflow before depreciation and tax (estimated) `28 lakh. Project B: Investment required `90 lakh, Average annual cash inflow before depreciation and tax (estimated) `24 lakh. Salvage value - Nil for both projects. Estimated life - 10 years for both projects. The company follows straight line method of charging depreciation. Its tax rate is 50%. Calculate Pay-back period for each project.

The management of ABC Ltd. has two alternative projects under consideration. Project M requires a capital outlay of `3,60,000 but project N requires `5,40,000. Both the projects are estimated to provide a cash flow for 5 years: M - `1,20,000 per year and N - `1,74,000 per year. The cost of capital is 10%. Which project is preferable from the viewpoint of Internal Rate of Return (IRR)?

Companies A and B are identical in all respects including risk factor except in the way they are financed. A have issued 10% debentures of `18 lakh, while B has issued only equity. Both the companies earn 20% before interest and taxes on their total assets of `30 lakhs. Assuming a tax rate of 50% and capitalisation rate of 15% for an all-equity company, compute the value of companies A and B using (i) Net Income Approach and (ii) Net-Operating Income Approach.

Mr. R.Gomes furnishes the following details of his salary income for the financial year 2015-16: 1 Salary 10,000 p.m.; 2 Dearness Allowance 1,000 p.m.; 3 Entertainment Allowance 1,000 p.m.; 4 Employer's and his own contribution to the recognised provided fund is 10% of basic salary; 5 Interest on the accumulated balance of recognised provident fund @ 13% p.a.; 6 City Compensatory Allowances @ `800 p.m.; 7 Medical Allowances @ `100 p.m. (the entire amount was spent on his medical treatment); 8 Children Education allowance for 3 children @ `90 per child; 9 Mr. Gomes is provided a Hyundai i20 (1200 c.c.). Its expenses excluding drivers salary are met by him. The car is used for both official and private purpose; 10 He is provided a furnished accommodation in Delhi, for which the employer charges him `500 p.m. The fair rental value of the house is `6,500 p.m. The house is owned by the employer. The cost of furniture provided was `15,000; 11 He has also taken loan of `1,00,000 from his employer @ 7% p.a. on 01-05-2015 for construction of his house. The SBI rate for such loan as on 01-04-2015 is 12% p.a. Compute his taxable income from salary for assessment year 2016-17.

A limited company issued a prospectus inviting applications for 2,000 shares of `10 each at a premium of `2 per share payable as follows: On application `2; on allotment `5 (including premium); on 1st call `3 and on 2nd call `2. Applications were received for 2,200 shares but allotment was made for 2,000 shares and the remaining applications were refused and money refunded. Mr. X, to whom 80 shares were alloted, failed to pay allotment money and on his subsequent failure to pay the 1st call, his shares were forfeited. Mr. Y, the holder of 40 shares failed to pay the two calls, and his shares were forfeited after the 2nd call had been made. Of the shares forfeited, 100 shares were reissued to Mr. Z at `9 per share fully paid. These 100 shares include the whole of Mr. X’s shares. Show journal entries in the books of the company.

Trace the growth of non-banking finance companies in India. Highlight their contribution in industrial growth.

“The modern concept of internal audit envisages scope of internal audit much beyond financial audit”. In the light of the above statement describe the scope of reliance by the external auditor upon the work of an internal auditor.

Orient Enterprises Ltd. has under consideration two projects X and Y. At present it wants to take up only one project. The details relating to the two projects are: Project X: Investment required `95,000; Estimated net cash flow (PAT+ Depreciation) at the end of year 1 `40,000, year 2 `40,000, year 3 `45,000. Project Y: Investment required `2,00,000; Estimated net cash flow (PAT+ Depreciation) at the end of year 1 `80,000, year 2 `80,000, year 3 `1,20,000. The cost of capital of the company is 12%. Using net present value method, which project would you recommend?

Enumerate components of integrated nutrient management for organic farming for a typical farm of Mizoram. Give an account of scope and practices of organic farming in Mizoram. Write a note on soil health card. Describe various ways and means of enhancing nutrient use efficiency in rice.

What do you mean by problematic soil? What are the different types of problematic soil? Briefly explain the reclamation measures of acidic soil.

Define agroforestry. Describe role of agroforestry in sustainable hill farming. How do the indigenous people of north-east India obtain their livelihood from forest products? Give an account of need and practices for conserving forest fauna and flora.

You are the District Supply Officer. There is an acute shortage of rice in the district. People are agitating in front of your office. What would you do?

Statements: All cups are books. All books are shirts. Conclusions: 1. Some cups are not shirts. 2. Some shirts are cups.

Raised eyebrows and shrugs are examples of:

You work for a psychologist and as you type notes from the counseling sessions, you notice that the client happens to be your neighbour. You read all the personal information given in the notes as you type it and you are shocked at what is being written. What should you do?

The word ‘vigour’ means

Which of the following identifies the five basic suggestions to active listening?

Silence sometimes occurs during interactions and