HCS Mains Optional Paper 2014: Commerce and Accountancy
Baljit Dhaka

HCS Mains Optional Paper 2014: Commerce and Accountancy

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HCS Mains Optional Paper 2014

HCS Mains Commerce and Accountancy Optional Paper 2014

Time : 3 Hours                                                                                                                            M.M. : 150
Note i)Attempt five questions. All questions carry equal marks. Question number 1 is compulsory. Answer any two questions from Part I and two questions from Part II. The parts of the same questions must be answered together and must not be interposed between answers to the questions. 
ii) In case of any discrepancy in the English and Hindi versions. English version will be taken as final.

Q.1 Answer any four of the following:                                                           (4X7.5=30)

(a) Ascertain the needs and discuss the various methods for valuation of shares of a company.
(b) Bring out the incidence of tax on the income of the assessees as per their residential status.
(c) Elucidate the essentials of audit for a business and distinguish internal audit with internal check. 
(d) State the various sources of long term finance to the business enterprises and examine the role of EBIT-EPS analysis in their capital structure decisions.
(e) Examine the functioning of the line and staff organisation in a business enterprise.
(f) Discuss the rationale, present status, and prospects for worker's participation in management of the industrial units in India.


Q2. Explain the standard costing and distinguish it with budgetary control system. Analyze and interpret the labour and material variances with respective standards.   (30)

Q3. (a) Bring out the role of a company auditor with regard to the valuation and verification of the fixed assets and long term liabilities of a business unit.    (15)

(b) Determine the gross and net account of the permissible deductions from the income from salary of assessee as per Income Tax of the country. (15) 

Q4. (a) Elucidate the various factors influencing the dividend policy of a business enterprise and discuss the Gordon's and Modigliani-Miller's dividend model.    (15)

(b) Examine the proprietary of discounted cash flow techniques for appraisal of investment projects of an enterprise.   (15)

                                                                 Part - II

Q5. Bring out the sources of industrial disputes in our country. Examine the role of the mechanism for prevention and settlement of the industrial disputes in the country.    (30) 

Q6. (a) Slate the essentials of an ideal wage policy and discuss any two-way differential plans suggested by management experts.  (15)

(b) Discuss the various motivation models adopted for boosting of the morale and productivity of the employees in an industrial unit.  (15)

Q7. Elucidate the nature and significance of the organisation in a business enterprise and discuss the various organisation goals and organisation theories.    (30)