CODE: 402 – SHOEFLOWER Duration: 2 ½ hours Marks: 75

Q:1 A. What are the various types of deposits in a Bank?

08

B. Briefly enumerate the functions of Commercial Banks.

OR

07

Q:1 P. Briefly explain the procedure to open a Savings Bank Account.

08

Q. Briefly enumerate the principles of good lending. 07

Q:2 A. Briefly enumerate the various forms of business in which Banking Companies may

engage.

08

B. Briefly explain the traditional functions of the Reserve Bank of India.

OR

07

Q:2 P. Write briefly about the impact of micro-financing and SHGs. 08

Q. What are some of the structural challenges faced by Banks?

07

Q:3 A. What are the purposes for which the Malhotra Committee was formed?

08

B. Briefly explain the primary and secondary functions of insurance.

OR

07

Q:3 P. Briefly highlight some of the benefits of insurance.

08

Q. Briefly highlight some of the purposes and needs of insurance.

07

Q:4 A. Discuss the growing importance of Insurance Business in India.

08

B. Briefly explain some of the benefits of an Insurance Policy.

OR

07

Q:4 P. Briefly explain the procedure for settlement of claims in case of maturity.

08

Q. Briefly enumerate the steps the Company can use for risk management.

07

Q:5 Short Notes (Any 3)

15

1. Risk identification.

2. Changing role of Banks.

3. Supervisory function of RBI.

4. Qualities of a good actuary.

5. Principle of utmost good faith.

CODE: 402 – BLUE Duration: 2 ½ hours Marks: 75

Q:1 A. Fill in the Blanks: 08

1. The three parties to a Bill of Exchange are a drawer, a drawee and a___________-.

2. A Negotiable Instrument can be _________ from one person to another person.

3. In hire purchase system, at the time of delivery of goods, some cash payment is made. This

payment is known as ____________.

4. Overdraft means __________ balance according to Bank Pass Book and _______ balance

according to the Cash Book.

5. Goodwill is an _________ asset.

6. The expenditure which gives benefit for a longer period is called as _________ expenditure.

7. The liabilities which are payable within one year are called as ___________ liabilities.

8. Double entry system of book-keeping denotes that every business transaction has _________

effects.

Q:1 B. Match the Columns: 07

Column A Column B

1) Audit Fees A/c a) Debit what comes in and credit what goes out

2) Preliminary Expenses b) Purchase Return Book

3) Credit Note issued recorded in c) Nominal A/c

4) Debit Note issued recorded in d) Fictitious Asset

5) Personal A/c e) Debit all expenses or losses, credit all incomes

or gains

6) Real A/c f) Sales Return Book

7) Nominal A/c g) Debit the receiver, credit the giver

Q:2 A. Give the Journal Entries for thefollowing transactions in the books of Mrs. Nayana for the

year 2000:

2000, July 01: Started business with cash Rs.1,00,000/-.

July 04: Purchased goods from Dhanashri worth Rs.50,000/- on credit.

July 06: Sold goods to Rajashri for Rs.25,000/-.

July 08: Purchased furniture worth Rs.30,000/- for cash.

July 12: Opened Bank A/c with Mumbai Bank by deposiitng Rs.5,000/-.

July 17: Sold goods worth Rs.50,000/- and received cheque from Madhu.

July 20: Received commission from Shaila Rs.2,000/-.

07

B. From the particulars given below, prepare a Purchase Book, Sales Book, Purchase Return

Book and Sales Return Book of Sanjeev Cloth Merchant

1999, Jan 01: Purchased cloth worth Rs.18,000/- from Appu Mills.

Jan 03: Sold cloth worth Rs.11,000/- to Nagaraj Enterprises.

Jan 05: Bought cloth from Diamond Mills for Rs.7,000/-.

Jan 06: Bought cloth from Atul Mills for Rs.5,000/-.

Jan 10: Sold cloth worth Rs.6,000/- to Sagar Cloth Stores.

Jan 11: Returned cloth worth Rs.1,000/- to Diamond Mills as it was defective.

Jan 13: Returned one bale of cloth to Atul Mills as it was not as per the sample

Rs.1,000.

Jan 18: Sagar Cloth Stores returned to us cloth worth Rs.2,000/-.

Jan 21: Sold cloth worth Rs.2,000/- to M/S Shanti Cloth Stores.

Jan 23: Bought one table worth Rs.1,500/- from Vilas Furniture Mart.

Jan 27: Sold old fans to M/S Rajashekhar for Rs.1,100/-.

Jan 29: Purchased cotton sarees from Anamika Mills for Rs.3,200/-.

OR

08

Q:2 The following were the ledger balances in the books of Sri Sarkar on 1st January, 2011:

Cash Rs.6,820/-

Furniture Rs.4,500/-

Karanjia (Dr.) Rs.2,000/-

Dharkar (Dr.) Rs.5,000/-

Capital Rs.8,320/-

2011 Jan 02: Bought Furniture Rs.2,000/-.

Jan 04: Sold good to Ruparel Rs.3,500/-.

Jan 08: Bought goods from Dharkar Rs.7,200/-.

Jan 10: Received from Karanjia Rs.1,500/-.

Jan 14: Paid to Dharkar Rs.3,000/-.

Jan 19: Received from Ruparel Rs.2,000/-.

Jan 25: Ruparel returned goods Rs.500/-.

Jan 28: Returned goods to Dharkar Rs.400/-

Jan 31: Paid Expenses for the month Rs.450/-.

P. Show the Ledger Accounts as on 31st Jan, 2011.

08

Q. Draw up a Trial Balance as on 31st Jan, 2011.

07

Q:3 A. Prepare Bank Reconciliation Statement in the books of Rudra Textiles as on 31st March,

2012.

1) Rudra Textiles Cash Book shows a Bank Balance of Rs.10,500/-.

2) A cheque of Rs.540 issued to Murugan has not been presented for payment.

3) A post datedcheque of Rs.100/- has been credited in bank column of the Cash Book but

the same was not presented.

4) A cheque of Rs.1,200/- sent to bank has not been collected.

5) A cheque of Rs.400/- deposited in the bank has been dishonoured.

6) Bank paid Rs.50/- for fire insurance payment for which no entry was passed in the Cash

Book of Rudra Textiles.

7) The Bank had charged Rs.10/- as Bank Charges as Rs.25/- as interest. This was not

recorded in Cash Book.

07

B. Pass Journal Entries with narrations to rectify the following errors:

1) Cash paid to Mr. Sona Rs.10,000/- has been posted to his Personal Account as Rs.1,000/-.

2) Credit Purchase of Rs.2,000/- from Miss Shantha has been posted to her account twice.

3) Salary paid Rs.2,100/- has been posted to Salary Account as Rs.100/-.

4) General Expenses paid Rs.1,600/- has been posted to General Expenses as Rs.1,900/-.

5) Goods purchased Rs.5,000/- has been debited both to Purchases Account and Computer

Account.

6) Credit Sales to Ram of Rs.2,000/-/ is not journalized at all.

OR

08

Q:3 P. Anil Trading Co., purchased furniture on 1st April, 2008 for Rs.25,000/-. In the same year on

1st October, additional furniture was purchased for Rs.10,000/-. On 1

st October, 2009, the

furniture purchased on 1st April, 2008 was sold for Rs.15,000/- and on same date, new

Furniture was purchased for Rs.12,000/-.

The Company charges depreciation at 8% p.a. on Reducing Balance Method.

Prepare Furniture Account and Depreciation Account for 3 years, assuming that the

accounting year of the Company closes on 31st March every year.

08

Q. State giving reasons, whether the following items of expenditure will be treated as Capital

Revenue or Deferred Revenue Expenditure:

1) Replacement of petrol engine of the car with diesel engine.

2) Repairs to Plant and Machinery.

3) Heavy advertisement expenses incurred for launch of a product.

4) Commission paid on Issue of Debentures.

5) Purchase of second-hand typewriter.

6) Cost of acquisition of Copyrights.

7) Amount spent on uniforms for the staff.

07

Q:4 A. The Net Profits of a firm after providing for taxation, for the past 5 years are Rs.40,000/-,

Rs. 42,000/-, Rs.45,000/-, Rs.46,000/- and Rs.47,000/-.

Average Capital employed is Rs.4,00,000/- on which a reasonable rate of return of 10% is

expected. It is expected that the firm will be able to maintain its Super Profits for the next

five years.

i) Calculate Goodwill on 5 years Purchase of Super Profit.

ii) Calculate Goodwill by Capitalisation of Super Profit.

08

B. A purchased Motor Car from B on Hire Purchase on 1st January 2003, paying cash

Rs.10,000/- and agreeing to pay further three equal annual installments of Rs.10,000/- each

on 31st December each year. The cash price of the car is Rs.37,250/- and B charged interest

at 5% p.a.

Calculate interest payable at the end of each year.

OR

07

Q:4 P. From the following particulars, prepare Stock Record by FIFO Method:

Date Transaction Units Rate

04.01.2012 Purchase 40 30

17.01.2012 Purchase 60 28

20.01.2012 Sale 50 35

22.01.2012 Purchase 80 29

25.01.2012 Sale 80 33

28.01.2012 Sale 20 34

30.01.2012 Purchase 100 26

31.01.2012 Sale 90 35

The stock in hand on 1st January, 2012 was 50 units @ Rs.25 each.

15

Q:5 A. A limited company issued 15,000 shares of Rs.10/- each payable as follows:

Rs.2/- on application, Rs.3/- on allotment, Rs.3/- on First call, and Rs.2/- on Final call.

Applications are received for 10,000 shares. All these shares were allotted. All the calls were

made except the Final. All the moneys due on shares were received except the first call on

500 shares.

You are required to give Journal Entries for the above transactions.

08

Q:5 B. On 1st June, 2011, Sachin sold goods to Saurav for Rs.16,000/- and on the same day drew

upon him a bill of three months for the amount. Saurav accepted the bill and returned it to

Sachin. On 2nd

June, 2011, Sachin discounted the bill with his Bank for Rs.15,400. On the

due date, the bill was dishonoured.

Record these transactions in the Journal of Sachin and Saurav.

OR

07

Q:5 The following is the Trial Balance of Mr. Sachin on 31st Dec., 2011.

Dr. (Rs.) Cr. (Rs.)

Cash in Hand 1,000

Cash at Bank 5,000

Purchases 82,000

General Expenses 6,000

Insurance 2,000

Capital 1,50,000

Drawings 10,000

Debtors and Creditors 30,000 13,000

Sales 2,00,000

Returns 1,000 2,000

Wages 21,000

Fuel and Power 10,000

Carriage Outward 6,000

Carriage Inward 4,000

Stock (01-11-2011) 12,000

Building 60,000

Investment 20,000

Machinery 40,000

Salaries 30,000

Furniture 25,000

3,65,000 3,65,000

Additional Information:

1) Stock in hand on 31st December, 2001 is Rs.15,000/-.

2) Salaries for the month of December, 2011 Rs.3,000/- were unpaid.

3) Insurance includes Rs.500/- for next year.

You are required to prepare Trading and Profit and Loss A/c and Balance Sheet for the year

ended 31st Dec. 2011.

15

CODE: 402 – PIANO Duration: 2 ½ hours Marks: 75

Q:1 A. What are the Essentials of making a presentation?

08

B. Summarize the following passage and suggest suitable title:

In the last few years, the Indian economy has grown to be relatively monsoon

proof, says the Director of National Council of Applied Economic Research of New

Delhi. There would no dark clouds on Indian economic horizon, if the monsoon fails. But

the economy is not totally immune to fluctuations in rainfall. Though agriculture accounts

only for 30 percent of the gross domestic production (GDP), it still has a crucial impact on

the economy in general. According to the Chief Economist of NCAER, 820 mm of

rainfall is a sure indicator of a good monsoon. The figure is a weighted average of rain

received by unirrigated crop areas.

The figure of the total rainfall, however, is rather deceptive because there is no

tracking of the distribution of rainfall over time. At times, despite a late and fitful start, the

rainfall peaks towards the end of the season. And at other times, a promising start is belied

by rainfall that just peters out. These fluctuations leave an impact on the crops. If there is

a bad start to the rainy season, it is the oilseeds and other coarse foodgrain crops that are

affected. Similarly, if the rainy season ends before its time, it is the rice crop that is

damaged. The farmers are most vulnerable when it comes to seeds. They do not have the

flexibility to change the crop pattern depending on the state of the monsoon as it unfolds

during the season.

The inter-related factors which make the monsoon an integral feature of the

country‟s economy is quite obvious. An increase in agricultural output stimulates

industrial production by creating demand. Conversely, a bad monsoon resulting in fall in

foodgrain production will push up food prices, which in turn will trigger inflation. There

is no way the economy can be minimized from the vagaries of the weather.

OR

07

Q:1 P. What are the dos and donts of presentations?

08

Q. What are some of the donts to be remembered while summarizing? Elaborate. 07

Q:2 Answer in Brief

A. State what is a report and what do reports usually contain?

08

B. State the advantages of „Committees‟ in Group Communication.

OR

07

Q:2 P. Write a covering letter in Email form applying for Job Application in Finance

Department. 08

Q. What are the components of a Resume? Elaborate on each.

07

Q:3 Answer in Brief

A. Explain the terms Notice, Agenda and Resolution. What all are the things to be

remembered while issuing a Notice?

08

B. Write a solicited letter of inquiry to PQR firm asking about the office space that they were

willing to rent out in Bandra Kurla Complex. 07

OR

Q:3 P. Write a complaint letter to ABC Company for delayed delivery of goods.

08

Q. Write a letter to Shipping Insurance Company claiming compensation for loss of

shipment?

0

Q:4 Answer in Brief

A. What are some of the tools used or programs conducted to enhance Internal Public

Relations?

08

B. Write a letter from the employer at a Hotel to a firm where one of the applicants

previously worked in the catering department asking the previous employer to be a

referee.

OR

07

Q:4 P. Write a brief note on Crisis Management and what are various ways of dealing with crisis.

08

Q. What are the different types of Life Insurance Policies?

07

Q:5 Write Short Notes (Any 3)

15

1. House Organs, Bulletins and Newsletters (2 lines each).

2. Advantages of Conferences.

3. Solicited and unsolicited letters.

4. Minutes of Resolution and Minutes of Narration.

5. Presentation Aids.

CODE: 402 – CRICKET Duration: 2 ½ hours Marks: 75

Q:1 A. State the usefulness of National Income.

08

B. Explain the Circular Flow of Income with Two Sectors.

OR

07

Q:1 P. State the derivation of “IS Curve”.

08

Q. Explain the Circular Flow of Income in and Open Economy. 07

Q:2 A. Explain the concept of the Indian Financial System.

08

B. Describe the Regulatory Bodies of the Indian Financial System.

OR

07

Q:2 P. Explain about the Banking Structure in India. 08

Q. Write in brief about the Indian Financial Market.

07

Q:3 A. Explain the Sources of Public Revenue.

08

B. Explain the Theory of Incidence of Taxation

OR

07

Q:3 P. Explain External Debt in India.

08

Q. Define fiscal policy and state its objectives.

07

Q:4 A. Explain the Concept and Structure of Balance of Payment.

08

B. What are the cases of Dis-Equilibrium in the Balance of Payment?

OR

07

Q:4 P. Explain the Expenditure Reducing Measures in correcting deficit.

08

Q. Distinguish between Balance of Trade and Balance of Payment.

07

Q:5 Write Short Notes (Any Three out of Five)

15

1. Circular Flow of Income.

2. Monetary Policy.

3. Public Expenditure.

4. Deficit Financing.

5. Internal Debt.

CODE: 402 – SARASWATI Duration: 2 ½ hours Marks: 75

Q:1 A. Fill in the Blanks 08

i. The simplex method reaches the maximum solution when ________.

a) No Cj – Zj is positive b) All Cj – Zj is positive

c) No Cj – Zj is negative d) All Cj – Zj is negative

ii. A matrix of order n x 1 is called _______ matrix

a) Row b) Unit c) Column d) Square

iii. If Rs.9,300/- is deposited with 7.5% simple interest rate per annum from 14th

April 2012

to 13th

August 2012, the deposit is kept for ________ days.

a) 122 b) 120 c) 121 d) 119

iv. When „A‟ decreases, „B‟ increases, „C‟ increases, then the relation between „A‟ and „C‟ is

in ___________ proportion.

a) Direct b) Same c) Inverse d) None

v. Beta is the measure of performance of a particular share in relation to the ____________.

a) Mutual Fund b) Bank Account

c) Market Portfolio d) None of the above

vi. NDP is defined as ___________.

a) NNP – depreciation b) GNP – depreciation

c) GDP – depreciation d) None of these

vii. If we accept Ho, when Ho is actually false, then we are committing _________ error.

a) Type I b) Type II c) Both d) None

viii. If cost price is Rs.5,000/- and discount offered is 15%, then selling price is _________.

a) Rs.4,250/- b) Rs.4,500/- c) Rs.4,550/- d) Rs.5,400/-

Q:1 B. Indicate True or False 07

i. A hypothesis accepting the null hypothesis is called alternate hypothesis.

ii. Ms. Veena invested Rs.20,000/- for 2 years at 5% simple interest per annum. The maturity

amount received is reinvested for 2 years at 6% compound interest per annum rate. Final

maturity amount received by Ms. Veena is higher than Rs.25,000/-.

iii. The variables x1, x2, x3, ….,xn is a L.P.P. are decision variables.

iv. In properties of matrices, A + B = B + A.

v. After getting 20% discount, Rupa paid Rs.1,088/- for a gift. The original selling price of

the gift was Rs.1,400/-.

vi. In market share investment, the future value could be less or more than the present value.

vii. Profit Volume (P/V) ratio is calculated as ratio of Contribution and Profit.

Q:2 A. Define Population, Sample, Null and Alternate Hypothesis. A factory manufactures

engine parts. In a sample of 400 parts, 30 parts are found defective. The factory claims

atmost 5% of their products were defective. Verify whether claim made is correct, using

1% level of significance.

07

B. An investor wishes to invest Rs.80,000/- in 4 mutual funds A, B, C, D. Fund A has most

equity base while D is most conservative fund. The anticipated annual returns on the

investments are 15%, 13%, 12% and 11% on A, B, C, D respectively. To have a balanced

policy, the following rules must be followed. The investment in fund A must not be more

than twice the investment in fund D. The investment in A & B should not exceed 60% of

total investments. At least 10% of the total investment must be put in fund D. Formulate

the L.P.P. to maximize the total return on the investment.

OR

08

Q:2 P. Solve L.P.P using Simplex Method:

Maximize Z = 9x1 + 13x2,

Subject to 2x1 + 3x2 18

2x1 + x2 10

x1 , x2 0

07

Q. Explain the concept of decision criterion and critical region for two-tailed test. Use 1%

level of significance to verify whether the coin is unbiased, the heads appear 216 times

when the coin is tossed for 400 times.

08

Q:3 A. A company produces 3 products Q, R, S. There is an order of 6,000 units of Q, 5,000 units

of R and 10,000 units of S. The material and labour in suitable units needed to produce

these products are shown in table

PRODUCT MATERIAL LABOUR

Q 10 8

R 12 10

S 16 20

Using matrix multiplication calculate total amount of material and labour needed to

service the order.

07

B. Solve the following (2 marks each)

i) Find simple interest on Rs.20,000/- deposit from 5th

May 2014 to 17th

September 2014

at 8% Simple Interest rate per year.

ii)In 4 days, 6 workers can make 8 chairs. In 7 days, how many chairs will 9 workers

make?

iii) Find 3 positive numbers in ratio 1:4:2 and sum of their squares is 1,701.

iv) A product was sold at Rs.2,975/- with 15% loss. Find cost price.

OR

08

Q:3

P. Find matrix B, where B = A2 + 2A – 5I and A = [

]

07

Q. Solve the following (2 marks each)

i) Find interest when deposit of Rs.15,000 is kept for 2 years at 10% C.I. per year.

ii) Arjun charged 7% commission on sales and earned Rs.3,780/-. Find the value of sales.

iii) Marks received by Ram and Shyam are in ratio 7:3. The difference in their marks is

56. Find their marks.

iv) If 4 workers can make 3 tables in 6 days, how many days will 16 workers require to

make 5 tables?

08

Q:4 A. Fit the liner trend equation for the following data and estimate the sales for years 2005 and

2006. Year 2000 2001 2002 2003 2004

Sales (Rs. Lakhs) 100 120 140 160 180

07

B. Define Annuity and Perpetuity.

A TV set is purchased with Rs.5,000/- cash down and Rs.10,000/- per month for 4 months

installments. Find the cash price of the TV set if the payment includes interest payment at

12% per annum.

OR

08

Q:4 P. Explain briefly EOQ (Economic Order Quantity). Calculate EOQ and number of orders

per year for the data provided. A factory requires 1,500 units of an item per month, each

costing Rs.27/-. The cost per order is Rs.150/- and inventory carrying cost is 20%.

07

Q. From the data provided, find NPV of each project and decide whether project X and

project Y are accepted or rejected. Also recommend which project is better with the

justification. Initial investment for each project X and Y is Rs.10,000/- each.

YEAR CASH FLOWS (Rs.)

PROJECT X PROJECT Y

1 5,000 2,000

2 4,000 3,000

3 2,000 5,000

4 2,000 4,000

08

Q:5 A.

What is meaning of Returns and what are the measures of the return?

Find Beta of the Security.

YEAR Return on Security % Return on Market Portfolio %

1 10 12

2 12 11

3 15 14

4 10 12

5 8 11

07

B. Explain in detail External Economic Indicators and External Debt and Debt Service Ratio.

OR

08

Q:5 P. Explain in detail GDP and GNP concepts and write a note on problems in estimating GDP

in India.

07

Q. Write a small note on Expected Rate of Return E(R). Also calculate E(R) for 2 companies

M and N and justify which one is better investment.

State of Economy Probability Expected Return

M Ltd. N Ltd.

High Growth 0.3 100 150

Low Growth 0.4 110 130

Stagnation 0.2 120 90

Recession 0.1 140 60

08

CODE: 402 – LIBRA Duration: 2 ½ hours Marks: 75

Q:1 A. Explain the Indian Legal System and classification of courts in India.

08

B. Explain “Right to Equality” as a fundamental right guaranteed by the Constitution of

India.

OR

07

Q:1 P. Explain different sources of Law.

08

Q. “Freedom of speech and expression is the fundamental right guaranteed by the

Constitution”. Discuss. 07

Q:2 A. Define acceptance. Explain valid rules of acceptance.

08

B. Define and explain Consideration. Can there be Contract without Consideration?

OR

07

Q:2 P. Define Consent and when is Consent said to be free? 08

Q. State the agreements which are expressly declared to be void.

07

Q:3 A. Explain Contract to Indemnity and Contract of Guarantee along with its essentials.

08

B. Define Contract of Sale and distinguish between Sale and Agreement to Sell.

OR

07

Q:3 P. Define Contract of Bailment and explain its essentials along with the types of Bailment.

08

Q. Define Unpaid Seller and explain his rights against buyer and against goods.

07

Q:4 A. What is Endorsement and explain different types of Endorsement.

08

B. Discuss the role and importance of Information Technology in Business.

OR

07

Q:4 P. Distinguish between Cheque and Bills of Exchange.

08

Q. What is meant by Digital Signature? Discuss the procedure for obtaining the same under

Information Technology Act, 2000.

07

Q:5 Explain the following Concepts (Any 5)

15

1. Principle of Natural Justice.

2. Writ of Certiorari.

3. Contract.

4. Proposal.

5. Lien and Pledge.

6. Document of title to goods.

7. Negotiable Instrument.

8. Information Technology.