What is meant by Product pricing Method? ANSWER -

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Financial Management

Total Marks- 80

1. This paper contains 8 questions divided in two parts.

2. Part A is compulsory.

3. In Part B (Questions 2 to 8), attempt any 5 questions out of 7. Attempt all parts of the questions chosen.

4. The marks assigned to each question are shown at the end of each question in square brackets.

5. Answer all questions in serial order.

6. The student is required to attempt the question paper in English medium only.

PART – A Q1.

a. Define Accounting.

b. Define Journal.

c. Define Ledger.

d. What is meant by Fund flow statement?

e. What is Standard Costing?

f. What is meant by Zero Based Budgeting?

g. What is Decision –making?

h. Define CVP Analysis.

i. What is meant by Product pricing Method?

j. What is Transfer Pricing? (10x3=30)

PART – B ( 5 X 10 =50)

Q2. What is Trial Balance? Explain in detail the errors which cannot be located by Trial Balance.

Q3. What is Cash book? Explain the Kinds of Cash book in detail.

Q4. What is Variance Analysis? Explain briefly various Material Variances.

Q5. Explain the following

(a) P/V Ration

(b) Break Even Analysis

(c) Marginal Cost

Q6. What is meant by Cash Flow statement? How cash flow statement will be prepared As per AS-3?

Q7. What is meant by budgetary control? What are the limitations of Budgetary Control?

Q8. What is Responsibility Accounting? Explain the different Centers of Responsibility Accounting.

Corporate Law

Maximum Marks: 100

Note: Answer any Five questions. All questions carry equal marks.

1."All contracts are agreements but all agreements are not contracts." Discuss this statement in light of the essential elements of a valid contract. Also mention briefly the different kinds of agreements under the India Contract Act, 1872.

2. Discuss, what are the rights, liabilities and disabilities of a minor as per the Indian Partnership Act, 1932.

3. What do you understand by implied warranties and conditions of sale according to the sale of Goods Act, 1930?

4. Differentiate between lay-off and retrenchment according to the Industrial Disputes Act, 1947.

5. Give the provisions related to safety as given in the Factories Act, 1948.

6. What are the characteristics or essential features of a company and briefly mention the types of companies.

7. What do you understand by electronic governance and what are the attributes of electronic records as mentioned in the Information Technology Act, 2000.

8. Discuss the concept of free consent and misrepresentation as per the Indian Contract Act, 1872.

9. Distinguish between private and public company. What are the special privileges of a private company over public company according to Companies Act, 1956?

10. Write short notes on any two of the following:
(a) Cyber regulation
(b) Industrial Dispute
(c) Breach of Contact
(d) Voidable contracts.