(Paper) IAS Mains Previous Year Paper Commerce (1999)

Paper: IAS Mains Previous Year Paper Commerce (1999)

Paper-I- Commerce-1999 (Mains)

Time Allowed : Three Hours Maximum Marks : 300

Candidates should attempt Questions 1 and 5 which are compulsory and any three of the remaining questions selecting at least one question from each Section.
All questions carry equal marks.

Section A

1. Write short notes on any three of the following in about 200 words each :
(a) Accounting issues in foreign exchange transactions
(b) Human resources accounting techniques is based on Cost Accounting
(c) Deduction allowed in computing taxable income
(d) Valuation of stock for accounting and audit purposes

2. A factory is engaged in manufacturing of plastic containers for domestic use. It produces only 15 kg capacity buckets and is currently in a position to utilise only 40% of the installed capacity which means production of 10,000 buckets in the current year.

The cost break-up of producing each bucket is as follows :
Rs.
Material consumed for each unit 10
Labour cost per unit 3
Overheads per unit 5 (60% fixed)
The selling price is Rs. 20 per bucket.
If it is decided to work the factory at 50% capacity, the selling price falls by 3%. At 90% capacity, the selling price falls by 5%, accompanied by a similar fall in the prices of material.
With this information you are required to calculate the profit at 50% capacity and 90% capacity. Also calculate break-even point at these two capacities.

3. Explain with suitable illustrations difference between the following :
(a) Standard costing and Budgetary control
(b) Valuation and Verification in auditing

4. "Responsibility Accounting is an important area in a management accountant's work." Explain this statement with reference to cost centres and revenue centres.

Section B

5. Write short notes on any three of the following in about 200 words each :
(a) Limitations of pay-back period method of capital budgeting
(b) Working of capital market in India
(c) Supervision of banks by the Reserve Bank of India
(d) Dividend and retention policy in a company

6. Explain the nature and scope of finance function in a liberalised economy. Give suitable illustration and indicate the impact of globalisation on finance function.

7. Write a note on theories of capital structure. In what manner are the traditional theories fast getting eroded and new explanations of capital structure being developed ?

8. Write explanatory notes on the following :
(a) Consortium approach of inter-bank lending
(b) Functioning of the BIFR

Paper-II- Commerce-1999 (Mains)

Candidates should attempt Questions 1 and 5 which are compulsory and any three of the remaining questions selecting at least one question from each Section. All questions carry equal marks.

Section A

1. Write notes on any three of the following in about 200 words each :
(a) Structure of formal organization
(b) Multiple goals
(c) Limits on rationality
(d) Models of motivation

2. What do you understand by the concept of "Organization Behaviour" ? Explain its nature as a dynamic one. Illustrate it.

3. Examine the role played by "Status System" in industrial organization. Identify the problems and suggest remedies to make the system functional.

4. Define power. Describe the bases of power. Explain their influence on behaviour in the organization.

Section B

5. Write notes on any three of the following in about 200 words on each :
(i) Scope of industrial relations
(ii) Stages of commitment of industrial labour
(iii) Compulsory adjudication
(iv) Sources of industrial disputes

6. Evaluate the present approach and attitude of managements in industry towards trade union movement. Suggest ways and means for achieving mutual understanding between the parties for a positive result.

7. Why do industrial workers and managements resort to strikes and lockouts ? Is there any logical approach to minimise these in India ? Discuss.

8. What are the objectives of ILO ? Explain its contribution towards India and its labour policies.