W.B.C.S. EXAMINATlON - 2014
Optional Paper
COMMERCE AND ACCOUNTANCY - PAPER II
Tile Allowed : 3 Hours Full Marks : 200
If the questions attempted are in excess of the prescribed number, only the questions attempted first up to the prescribed number shall be valued and the remaining ones ignored.
Answers may be given either in English or in Bengali but all answers must be in one and the same language.
Group-A
Answer question no.l and any one from the rest.
1. (a) State the disclosure requirements during the Book Building process as specified by SEBI. 16
(b) Describe the role played by LICI in mobilizing the life insurance market in India. 16
(c) Write notes on : Bills of Exchange, Convertible Debentures. 8
2. (a) What do you mean by Commercial Paper (CP) ? 8
(b) Who are the participants in the CP market ? 12
(c) What is meant by a Right Issue ? 12
3. (a) Differentiate between Primary and Secondary Market segmentation of Indian Capital Market. 16
4. (a) State the importance of RBI's Monetary Policy in the Indian Financial System. 24
(b) Write notes on : Bonus shares, Warrants. 8
Group-B
Answer Any two questions.
5. (a) Under what circumstances the doctrine of Supervening Impossibility is not applicable ?
(b) State the rights of consumers as per the Consumer Protection Act. 1986. 16 + 16
6. (a) Which of the institutions are regarded as "Public Financial Institutions" under the Companies Act. 1956 ? 8
(b) Write note on "Voting Rights" of member. 24
7. (a) State the types of debentures which may be issued by a public company. 24
(b) Write a note on "Debenture Trustee". 8
8. (a) What do you mean by industrial disputes ?
(b) What do you mean by "Counter offer" ?
(c) Distinguish between "Award" and "Settlement" under the Industrial Disputes Act. 1947. 10 + 10 + 12
Group-C
Answer any one question
9. (a) How should an auditor differentiate between depreciation and depletion ? 8
(b) What do you mean by depreciable assets ? 8
(c) State the "methods of depreciation used by Indian Companies. When can a company change its method of depreciation ? 16
10. (a) What is the liability of an auditor to point out in his report that dividend is paid out of Capital ? 12
(b) State the procedure of appointment of the first auditor by a company. 8
(c) What are the different types of voucher an auditor should check and verify ? 12
Group-D
Answer any one question
11. (a) Enumerate the sources of demotivation in a corporate set-ting.
(b) Critically describe the "hierarchy of needs" theory propounded by Abraham Maslow. 12 + 20
12. (a) How do groups develop in an organization ? 12
(b) What do you mean by "group dynamics" ? 10
(c) Narrate the effectiveness of a matrix organization. 10
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