Optionals IAS Mains Commerce Accountancy: Questions 21 - 31 of 36

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Question 21

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Describe in Detail

Essay▾

Briefly explain the process of Recruitment.

Explanation

Recruitment

  • Recruitment is the systematic process of searching and identifying the prospective employees and encouraging them to apply for jobs in the enterprise.
  • It is process of discovering and attracting capable applicants for vacant jobs lying in the organisation.
  • It is the process of searching and attracting job seekers.

The Recruitment process co…

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Question 22

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Appeared in Year: 2019

Describe in Detail

Essay▾

Explain the various functions of commercial banks.

Explanation

Commercial Banks

  • Modern Commercial banks perform a variety of functions and provide a number of services to their customer՚s.
  • They are often regarded as departmental – store banks as they provide array of services to their customers.

Functions of Commercial Banks

Functions of Commercial Banks

Various functions performed by the commercial banks are as fo…

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Question 23

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Appeared in Year: 2019

Describe in Detail

Essay▾

Distinguish between primary and secondary market.

Explanation

The market for corporate or industrial securities in India consists of

  • Primary Market or New Issue Market
  • Secondary Market or Stock Exchange

Primary Market

  • The New Issue Market represents the primary market where new securities, i.e.. shares or bonds that have never been issued to the investing public are offered and sold for the first time.
  • The market,…

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Question 24

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Write in Short

Short Answer▾

Critically examine role of LPG reforms in Indian economy.

Question 25

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Short Answer▾

What is meant by DSS? Give a brief explanation on the structure of DSS.

Question 26

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Describe in Detail

Essay▾

Explain the concept of Centralisation? Point out its advantages, disadvantages and suitability.

Explanation

Centralisation

  • Centralisation, in managerial sense, relates to pooling of authority and power at a specific level of management or at a certain point in the organisation.
  • It refers to reservation of decision making power and authority to an individual or the top management
  • According to Louis A. Allen – “Centralisation as an aspect of management is the…

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Question 27

Risk and Return Relationship
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Describe in Detail

Essay▾

Define fiscal policy. How is it implemented?

Explanation

Fiscal Policy

Fiscal policy means the use of taxation & public expenditure by the government for stabilization or growth of the economy.

Objective of Fiscal Policy

  • To maintain and achieve full employment.
  • To stabilize the price level.
  • To stabilize the growth rate of the economy.
  • To maintain equilibrium in the balance of payments.
  • To promote the economic d…

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Question 28

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Short Answer▾

Write a short note on Theory of Comparative Advantage.

Question 29

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Essay▾

A Company has taken a house on rent@20,000/- per month. What will be the tax treatment at source?

Explanation

Sec. 194I of Income Tax Act, 1961

  • As per Sec. 194 I of income tax act 1961 any person who is responsible for paying to a resident any income by way of rental shall deduct income tax at source at the rate of:
    • 1.5 % in respect of rent of plant and machinery or equipment (before 14th May 2020 rate is 2 %) .
    • 7.5 % in respect of other rental payments (i.e.…

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Question 30

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Essay▾

Explain the concepts of Capital Asset Pricing Model and Arbitrage Pricing theory supported by illustrations with major differences between them. (20 marks)

Explanation

The Capital Asset Pricing Model (CAPM)

It is a tool of the Asset-Pricing Theory. The concept was introduced in the 1960s and is considered to be the work of William F. Sharpe, Jack Treynor, John Lintner, and John Mossin but the major contribution is attributed to Willian Sharpe.

The concept explains the relationship between expected return from asset…

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Question 31

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Essay▾

Explain the concept of Leverage Analysis and how is it considered to be a tool of financial management? (15 marks)

Explanation

Leverage Analysis

Leverage analysis refers to the influence of one financial variable over some other financial variable for e. g. , cost, output, sales, revenue. Earnings before Interest and Tax (EBIT) , Earning Per Share (EPS) etc. There are three types of leverages which help us understand the influence of such variables over each other.

Financial…

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