Ignou student zone_ISZ

  IMPORTANT QUESTIONS ECO 14 1. How are inter departmental Transfer of goods treated in departmental account? Explain the bases of allocation of common expenses among various departments.  2. How do independent branches deal with goods in transit and cash in transit in their books of account.  3. a). Explain briefly the uses of fund flow statement.  b) Explain briefly the procedure of forfeiting shares for non payment calls.  4. a) How shall the new capital of each partner be worked out if the capital is to be adjusted in the new profit sharing ratio? Explain with example.  b) Explain with example, as to how would you treat the goods repossessed in the books of vendors when a hire purchase customers commits default in payment of instalment.  5. a) What do you mean by debenture issued as a collateral security? Describe their accounting treatment.  b) What steps would you take to calculate the interest when total cash price and the installments are ...

  IMPORTANT QUESTIONS ECO 13 1. Distinguish between economic and non economic environment of business. How do they interact with each other? Describe various elements of economic environment. Explain various non economic factors of business environment. Discuss the primary and sub goals of economic development.   2. What do you mean by social responsibility of business? Give arguments in favour and against undertaking social responsibility by business.  3. What do you mean by mixed economy? Explain its directive principles in India. How did it help in the economic development of India.  4. What do you mean by industrial sickness? What are the causes of industrial sickness? Discuss the various measures taken by the government to overcome this problem.  5. What are the need for New Economic Policy? Discuss the major elements of New Economic Policy adopted by the government of India.  6. What are the major problems being faced by the small scale industrie...

 IMPORTANT QUESTIONS ECO 12 1. Define auditing and state its objective and advantages.   2. What is a voucher and vouching? State the points to be kept in mind while examine a voucher. Explain the objective and importance of vouching.  3. Describe briefly the main provision of company law regarding the appointment and removal of an auditor.  4. State the qualification and disqualification of a company auditor. What is his status. State the rights and duties of a company auditor as per the provisions of the company act in relation to audit report and an enquiry.  5. What do you mean by qualified audit report? Prepare a qualified audit report incorporating therein at least 3 qualifications. Describe the form and content of auditors report.  6. Differentiate between routine checking and test checking. What are the precautions to be taken in test checking ?  7. Differentiate between auditor's report and auditor's certificate. What do you understand by...

  IMPORTANT QUESTIONS ECO 11 1 . Explain the deduction allowed under section 801B with necessary provisions related thereto.  2. What do you mean by 'Capital Gain'? Explain the capital gain exempt from tax u/s 54EC.  3. What are the deduction allowed in computing taxable income under the head 'Income From Other Sources'? Explain with example.  4. What do you mean by 'Provident Fund'? Discuss the different types of provident fund to which a salaried employee may be a member.  5. What do you understand by'Transfer of capital asset'? State which 10 transactions are not regarded as transfer.  6. What do you mean by clubbing of income? In what circumstances is the income of one person treated as income of another? 7. a) Explain the provisions regarding deduction for interest on loan u/s 24(b) of Income Tax Act.  b) Define capital gain. Distinguish between short term capital gain and long term capital gain.  8. a) Enumerate any 6 income on which tax is ...

IMPORTANT QUESTIONS IBO1  1. Explain the concept and different forms of Alternative Dispute Resolution (ADR) mechanism.  2. What are International Commodity Agreements? What purpose do these agreements serve? What are their usual components? Illustrate your answer by discussing any such agreements.  3. Distinguish between tariff and non tariff barriers. Explain various non tariff barriers in the international trade.   4. What is WTO? Explain the objective, structure and function of WTO. Is the WTO helpful to international business or is it a hindrance? Give your opinion.   5. What are Transnational Corporations? Why do firms become transnational ? Describe main features of TNCs. Discuss the issues and controversies of TNCs.   6. What is balance of Payments? How does equilibrium occur in BOP ? Describe the method of correcting the disequilibrium.   7. Critically examine the Modern Theory of International Trade.   8. What...

  IMPORTANT QUESTIONS BECE 002 1.  Differentiate between growth and development. What are the millennium development goals? Explain. To what extent India could achieve them?             2.  What is the importance of allied activities in Indian agriculture? Discuss the role of dairy and poultry farming in this context. What are the main forms of agricultural subsidies in India? Discuss.    3.  What is meant by agricultural productivity? What are the factors essential for a transition of the agriculture from a traditional to a modern one?    4.  What are the goals of banking reforms in India? Have public sector banks been successful in mitigating the regional imbalances by performing the non commercial functions under the government pressure?     5.  What are the objective and function of WTO?  Discuss the"agreement on agriculture"in details.    6.  Elaborate the major c...

  IMPORTANT QUESTIONS AED 01  1. Why is international trade important in our country? Discuss with example and state the sources of information for international trade.          2. Distinguish between spot rate and forward rate. Discuss the method of dealing foreign Exchange risk.        3. Explain foreign Exchange regulations concerning exports under the exchange control regulations.    4.  What are the different types of loses related to cargo insurance? How these losses can be covered by the cargo insurance policy? Explain self certification system of quality control and inspection of export cargo.   5. Explain the procedure of custom clearance formalities along with the documentation requirements and formalities.   6 What is duty drawback scheme? Explain the procedure for claiming drawback along with documentation requirements and formalities.  7. Discuss the role of Export Credi...

IMPORTANT QUESTIONS ECO 10  1. Explain as to how abnormal loss and normal loss is treated in process Costing.   2. What are the factors taken into account for installation of a system of costing ? State the possible difficulties faced in installing such a system.   3. a. How would you classify the costs"on the basis of variability"? Explain.   b. What are the main advantages of a good system of material control.   c. What are the advantages of cost accounting to a manufacturing concern.   4. How would you classify selling and distribution overheads?  How are the selling overheads absorbed by the cost units?    5. Write short notes on the following:   Store keeping.   ABC analysis of inventory control.  Direct labour hour rate.  Appointed of overheads.   Payroll accounting.  Labour turnover.  Cost accounting.  Financial accounting.  Cost centre.  Over abs...

    IMPORTANT QUESTIONS ECO 09 1.  Explain Fisher's quantity theory of money. How Is Keynes analysis of money and price superior over Fisher's analysis?    2. Discuss the quantitative methods of credit control by Central Bank. Also explain its function.    3. What are the objective of world bank. Also explain its function.  4. What is the system of issuing currency notes in India? Also state its principles.   5. Define money market. Explain the nature and major features of Indian Money Market and state the drawback of Indian Money Market. Distinguish between money market and capital market.    6. What do you mean by money demand? State different motives of holding money. Is demand for money a function of income or rate of interest or both? Explain.   7. What is development bank? State the names of development bank created in India an explain the role of any one of them. State its main function.   8...

  IMPORTANT QUESTIONS ECO 08 1. What is a debenture? Explain the different types of debenture that a company can issue. 2. What different kinds of meeting of a company? Explain the requisite of a valid meeting.  3. State the liabilities of a company and director with respect to mis statement in prospectus.  4. Explain the provision of the Company Act regarding the acceptance of deposits by company.   5. Who is a member of a company. What are the different ways through which a person may become a member of a company.   6. Define a director? Who can be a director of the company? Can a director of a company be appointed by Board of Directors? Explain.   7. What is meant by Lifting the Corporate Veil? State the circumstances under which the corporate veil can be lifted?   8. Explain the meaning of a company. What are the characteristics of a company? Discuss various stages of promotion of a company.  9 What is forfeiture of Shares?...

   IMPORTANT QUESTIONS ECO 07 1. Explain briefly the steps involved in statistical survey starting from defining the problem to writing the report. 2. A. Explain various parts of a statistical table. B. State the guidelines that should be kept in mind while preparing diagrams. 3. What are the main source of secondary data? What precautions should you observed in making use of secondary data? 4. A. Distinguish between biased and unbiased errors. Discuss the methods of estimating the errors both absolutely and relatively. B. What is class interval? How do you determine the magnitude of the class interval and class limit? 5. Write short notes on the following: Tabulation False base line Objective of classification Distrust of statistics Multivariate frequency distribution Secondary data Primary data Statistics Lorenz curve Sampling Law of statistical regularity Non random sampling Random sampling Stratified sampling Statistical error Personal interviewing Non probability sampling...

    IMPORTANT QUESTIONS ECO 06 1. Explain clearly the concept of economic system. What are the various form of economic system? Describe the feature of a mixed economy. Explain the fundamental problem of an economy. 2. Explain the law of diminishing ma rginal return. Also explain it assumptions and limitations. 3. What are the characteristics of a market st ructure? Explain the marginal and average revenue of a firm under perfect competition. 4. What i p rice discrimination? state the condition under which price determination can be practiced. 5 a) De s c ribe the return to scale. Explain the cause of increasing return. b) Explain clea rly the 'law of demand' with the help of a demand schedule and demand curve. 6. a) What a r e the facto r of production. b) Explain the facto r responsible for long run average cost curve being U shaped. 7. s how how  s ho r t te r m equilib r ium of a fi r m unde r  pe r fect competition would be dete rmined? 8. a) What a r e the main...

    IMPORTANT QUESTIONS ECO 05 1. a) Define the term offer . Explain the legal rules for valid offer for valid offer with examples. b) Who is a minor? A minor is liable to pay for necessaries of life supplied to him. Critically examine this statement. 2. a) What a re the various modes of discharge of a contract? Explain them briefly. b) A stranger to a contract cannot sue. Discuss the exception of this rule. 3. Define bailment. How does it differ from a pledge? Is finder of goods a bailee? 4. What is the doctrine of caveat emptor? What are the exception of this doctrine? 5. Define consideration. Explain the circumstances when consideration is not necessary. 6. Define fraud. What is it effect on the validity of a contract ?How is it differ from misrepresentation? 7. Define partnership. state the circumstances under which partnership firm can be dissolved? Can a minor become a partner? What are the rights and duties of partner? 8. "All contract are agreement but all ag...

    IMPORTANT QUESTIONS ECO 03 1. "Planning is a process consisting of certain steps or series of sequential activities". Comment with suitable examples. Explain the importance of planning in an organisation and the limitations thereof. 2. Discuss various managerial functions that are basic and common to all organisation. 3 a) What do you mean by Management development Programme? Discuss few techniques of management development programmes. b)What do you mean by coordination? What is the need of coordinationn in today's business environment. Explain various management techniques in coordination. c) Explain different stages involved in control process. 4. Discuss briefly the 3 basic styles of leadership with example. Why is managerial leadership considered important in an organisation? 5. a) 'Organisation are made up of components each of which has unique properties, capabilities and mutual relationship'. Comment upon the statement. b) Discuss financial incentives a...

    IMPORTANT QUESTIONS ECO 02 1. a) What do you understand by dual aspect concept. Explain its accounting implications.  b) What do you mean by trail balance? State the errors which are not disclosed by the trial balance. How is it prepared. 2. What are the different types of cash books used in business.? Explain their uses.State the causes of disagreement between the balance shown in cash book and the pass book. 3. Define bill of exchange and promissory note. Also state their importance for the modern business. Differentiate between   bill of exchange and promissory note. 4. a) Explain briefly the self balancing system of accounting. Also state its advantages.Explain briefly as to how Debtors ledger is made self balancing. How do you deal with a transfer from one personal account to another. b) What is single entry system? State the drawbacks of single entry system of accounting. Explain them. Distinguish it from double entry system. 5. a) What is bank reconci...

    IMPORTANT QUESTIONS ECO 01 1.      Explain the concept of entrepreneurship. Discuss the role of an ent repreneur in business promotion. How does an entrepreneur differ from a promoter? 2. What is a stock exchange ? Explain the factors affecting the price at a stock exchange. Describe the functions of a stock exchange. What is a joint stock exchange? 3. a) What are the various modes of creating charge? Explain them briefly. b) Explain the objective of advertising. Enumerate the essentials of an effective advertising. 4.  Explain the significance of foreign trade for a country, and state the problems encountered in foreign trade by Indian Entrepreneur. 5. Explain the features of a ideal form of business organisation and state the factors affecting the choice of form of a business organisation. 6. a) Briefly explain the procedure of raising funds through public deposits. b) Define 'advertising media'. State its different types and the requisites of an idea...

  IMPORTANT QUESTIONS MCO 7 1.a) What are basic financial decisions? How do they involved risk return trade off? b) What role should the financial manager play in a modern organisation? 2. a) What is payback period method? Despite its weakness, it is a very popular method . What are advantage and disadvantage of the same. b) Distinguish between explicit cost and implicit cost? 3.a) What is optimum capital structure? Discuss.  b) Critically examine the net income and net operating income approach to capital structure decisions. 4   a) What are the main determinants of a dividend payout?  b) Why do firms follow a policy of stable dividend? 5. a) What is a operating cycle ? How is it important for the management of working capital? b) Explain the risk return trade off in working capital management? 6.  a) Explain the meaning of financial management ? Differentiate between investment decision and financing decision. b) Explain the basic financial functions of financ...

  IMPORTANT QUESTIONS MCO 6 1. a) Explain the causes and the mechanism for effective conflict management. b) Compare and contrast departmental stores with chain stores. 2. Compare and contrast market skimming pricing with market penetration pricing with suitable examples and state conditions under which each can be deployed. 3. What is publicity? How does it differ from advertising. Give example to support your answer. 4. What is packaging? Explain its requirement and the 5 key functions of packaging with examples and the hazards involved ,if any? 5. Discuss various strategies of geographic pricing. 6. What is 'promotion mix' ? Which are the factors you keep in mind while taking promotion mix decision? Explain. Discuss various elements of promotion mix. 7. a) Differentiate between marketing mix and promotion mix. b) Explain the relationship between market segmentation, market targeting, and product positioning. 8.a)  Explain the various stages of new product development proces...

    IMPORTANT QUESTIONS MCO 5 1. What are the financial statements? How far they are useful for decision making purpose? Discuss the limitations of financials statements. 2. a) What is meant by zero based budgeting ? How is it different from traditional budgeting? b) Discuss the essentials of establishing a budgeting system. c) Explain the steps involved in making a sound budgeting system. 3. a) Explain the managerial uses of marginal costing. b) Discuss the essential conditions for the success of responsibility accounting. 4 What is meant by transfer pricing. Discuss various transfer pricing methods. 5. What are the limitations of conventional financial accounting. 6. What is meant by reporting to management. What are the objectives of reporting ? Discuss various types of reports. 7. "Management accounting is nothing more than the use of financial information for management purposes". Explain this statement and clearly distinguish between financial accounting and management ...

 IMPORTANT QUESTIONS MCO 4 1. What is business environment? Enumerate the important changes taking place in Indian Business Environment and state the impact of emerging rural market on business in India. Why is it important for a manager to study and scan this environment? 2. State the requisites of a good corporate governance and explain as to why accountability is regarded as the key to success in corporate governance. 3. Define small scale sector. Discuss the institutional framework that has been evolved for the promotion and growth of small sector in India. What are the major constraints that are still being faced  by the small scale sector? 4. Discuss the trade policy reforms initiated by government of India since 1991-1992. 5. a) Describe the composition an functions of competition commission of India. b) What are the rights conferred upon the consumer under the Consumer   Protection Act 1996? Explain. What are the complaints that can be filled before a consumer for...