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GET IGNOU B.COM 2017 SOLVED ASSIGNMENTS
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ECO – 01: BUSINESS ORGANISATION
1. “Company form of organization emerged essential because of the limitations of the sole Proprietorship and partnership forms of organizations”. Discuss.
2. What is capital structure? Explain the factors one should keep in mind while deciding capital structure of the company.
3. “The relationship between a banker and customer is primarily that of a debtor and a creditor”. Discuss.
4. Differentiate between the following:
(a) Government company and public limited company.
(b) Functional middlemen and merchant middlemen.
5. Write notes very brief comment on the following statements:
(a) Direct demand for public utility services is elastic.
(b) All the public enterprises in India are wholly owned by the Government of India.
(c) Insurance is nothing but risk transfer.
(d) Employment is an economic activity carried out with the objective of earning profit.
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ECO – 02: ACCOUNTANCY - I
1. Define Accounting. Explain the accounting concepts which guide the accountant at the recoding stage.
2. Distinguish between the following:
(a) ‘Cash Basis’ and ‘Accrual Basis’ of accounting
(b) ‘Capital Expenditure’ and ‘Revenue Expenditure’
(c) ‘Bill of Exchange’ and ‘Promissory Note’
(d) ‘Trading Account’ and ‘Manufacturing Account’
3. What do you understand by invoice price? Name the items which are recorded at the invoice price in the consignment account. Give journal entries passed for the adjustment of loading the respect of each item.
4. (a) Discuss the drawbacks of single entry system of accounting. Briefly explain the two methods of ascertaining profit when accounting records are incomplete.
(b) What is Sectional Balancing? How does it differ from Self-Balancing?
5. (a) State the steps involved in the preparation of Receipts and Payments Account from the Income and Expenditure Account. Give example.
(b) Describe the methods of recording depreciation in the books of account. How is thebalance of the provision for depreciation account shown in the Balance Sheet?

ECO – 03: MANAGEMENT THEORY
1. “Managers are classified on the basis of range of activities for which they are responsible” throw light. Give suitable examples to support your answer.
2. What do you mean by organization structure? Explain the significance of organization structure.
3. Discuss in detail the concept of managerial grid.
4. “Break Even Analysis (BEA) renders many benefits for managerial guidance and action”. Comment.
5. Write Short Notes on the following:
a) Line organization Vs Line and staff organization.
b) Process of planning
c) Formal Vs. informal organization
d) Scientific management
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ECO – 05: MERCANTILE LAW
1. a) Define „Offer‟ and „Acceptance‟. Differentiate between cross offer and invitation to offer with suitable example.
b) What is consideration? “Consideration need not be adequate”? Comment
2. a) What are void agreements? Explain “agreement in restrain of trade” and „agreement in restraint of marriage‟ with examples.
b) Who is a minor? “An agreement with minor is void-ab-initio”. Discuss?
3. a) Differentiate between dissolution of firm and dissolution of partnership. How can a firm be dissolved by an order of the Court?
b) Can a minor be admitted in the benefits as a partner in a partnership firm? Explain his position on attaining majority.
4. a) Define condition and warranty in a contract of sale of goods, when condition be treated as a warranty.
b) Explain the duties of a bailee.
5. a) Explain the circumstances when an agent become personally liable.
b) What is the difference between contract of indemnity and contract of guarantee?

ECO – 06: Economic Theory
1. Discuss the validity of the concept of consumer’s surplus in the context of (a) Single commodity (b) two or more commodities (c) two or more buyers.
2. What are the main determinants of supply of a commodity?
3. Explain the marginal and average revenues of a firm in both perfect and imperfect competition?
4. What is full cost pricing principle? Does it lead it to a higher than optimum production?
5. What are the various sources of profits? Do you think that all profits can be explained in terms of the monopoly power exercised by due producer?

ECO – 07: ELEMENTS OF STATISTICS
1. What is statistical sampling and explain various methods of sampling.
2. “Statistical methods are most dangerous in the hands of the inexpert” Discuss with example.
3. (a) Find out missing frequencies in the following incomplete distribution:
Measurement 0-10 10-20 20-30 30-40 40-50
Frequency 3 ? 20 12 ?
The values of Median and Mode are 27 and 26 respectively. (20)
4. (a) Karl Pearson‟s coefficient of skewness of a distribution is +0.32. Its standard deviation is 6.5 and mean is 29.6. Find the mode and median of the distribution.
(b) The mean and standar deviation of a set of 100 observations were worked out as 40 and 5 respectively by a computer who by mistake took the value 5o in place of 40 for one observation. Recalculate the correct mean and variance.
(c) Find the missing information from the following
Particulars Group I Group II Group III Combined
Number 50 ? 90 200
Standard Deviation 6 7 ? 7.746
Mean 113 ? 115 116
(d) Distinguish between „U‟ shaped and bell-shaped data with suitable illustrations.
5. Write short notes on the following:
(a) Dispersion
(b) Mean deviation
(c) Standard deviation
(d) Lorenz Curve
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ECO – 09: Money, Banking and Financial Institutions
1. Why should inflation be controlled? Explain the various measures to be adopted to control it.
2. Discuss the various functions of the Reserve Bank of India and also explain the system of note issue in India.
3. Examine the salient features of Regional Rural Bank.
4. Critically examine the role of Industrial Bank of India as an apex institution.
5. Write short notes on the following:
(a) Unit Trust of India
(b) Problems of Indian Money Market
(c) Problems of Commercial Bank of India
(d) The velocity of Money

ECO – 10: ELEMENTS OF COSTING
1. “Cost may be classified according to their nature and characteristics”. Elaborate on this statement and explain the different methods of costing.
2. Differentiate between the following:
(a) Cost Accounting and Financial Accounting.
(b) FIFO and LIFO methods for the pricing of issue of material.
3. What are the various principles of apportionment of overheads? Explain and give examples of the bases used for apportionment and re-apportionment.
4. What are the main causes of difference between profits shown by Financial Accounts and profit shown by Cost Accounts? Give reasons as to why it is necessary to reconcile cost accounts and financial accounts. State the accounting procedure adopted for their reconciliation.
5. (a) State how would you ascertain the actual profit on an incomplete contract? How far such profit is taken to profit and loss account?
(b) Explain how normal and abnormal process losses are treated in cost accounts?
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ECO – 11: Elements of Income Tax
1. Assesses have been divided into three categories on the basis of residence. How these categories affect the tax liability of an assesses? Explain defining these categories.
2. Explain the provisions of Income – tax Act in connection with taxability of gratuity AN Encashment of earned leave by an employee retiring form an organization.
3. Mr. Raman Prakash is reader in a college, run by a society, on a monthly salary of Rs. 44, 000. Besides salary he also gets 43% of salary as dearness allowance, Rs 800 p.m. entertainment allowance and Rs. 500 p.m. as proctor’s allowance. During the year he gets Rs. 450 p.m. as additional D.A. Arrears of salary receive Rs. 25, 000.
He contributes 10% of his salary to Provident Fund. The college contributes an equal amount. Interest credited to his provident fund @ 12% amounted to Rs. 40,000. Three children of Mr. Raman Praksh are studying in an institution run by the society, which runs the college for which he paid nothing. Normally, expenditure in an institution of that standard comes to Rs. 1,500 p.m. for one student. Mr. Raman Prakash is provided with a rent-free accommodation in a city (population 13 lakh) which is owned by the college.
Its fair rental value is Rs. 2,500 p.m. A gardener for the upkeep of the garden on the back side of the house is also provided. The salary of gardener amounting to Rs. 300 p.m. is also paid by the college. During the year Mr. Raman Prakash proceeded on two months’ leave with full pay to his home at Jaipur. The college paid Rs. 6,500 being the air fair to and from Jaipur fro him and his wife for this purpose.
Compute the taxable salaries income of Mr. Raman Prakash for the year ending on 31st March, 2016 for the assessment year 2016-17. (20)
4. From the following information of Mr.Sunil, compute the taxable income of house property:
Rs.
(i) Municipal Valuation 3,30,000
(ii) Fair Rent 3,60,000
(iii) Standard Rent under Rent Control Act 3,36,000
(iv) Unrealised rent of previous year 2011-12 30,000
(Conditions of Rule 4 satisfied)
previous year 2011-12
(v) Rent realized in year 2014-15 from 24,000
Unreaslised Rent of previous year 2011-12
(vi) House was let at Rs. 30,000 p.m.
(vii) Rent Unrealised of the eyar 2015-16 30,000
5. Write brief notes on the following:
(i) Valuation of Rent Free House
(ii) Provident Fund
(iii) Interest on Securities
(iv) Provisions Regarding set – off of Losses
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ECO – 12: ELEMENTS OF AUDITING
1. “In vouching payments, the auditor does not merely seek proof that money has been paid always”. Discuss and explain the general conditions to be born in mind by the auditor while vouching cash transactions.
2. Distinguish between any two of the following:
(a) Audit Programme and Audit Note Book
(b) Internal Audit and Statutory Audit
(c) Company Audit and Partnerhsip Audit
3. Explain the procedure of Appointment and Removal of an Auditor in a Company.
4. How will you examine the following items while auditing the accounts of a limited company?
(i) Redemption of Preference Share
(ii) Forfeiture of Shares
5. (a) What is meant by Clean and Qualified report? Explain the circumstances under which a qualified report may be necessary.
(b) Discuss the major areas of examination involved in Management Audit.

ECO – 13: BUSINESS ENVIRONMENT
1. What is meant by business environment? List economic and non-economic components of business environment. Explain cultural environment of India.
2. Explain why India’s economy is called “A Mixed Economy”. Describe different sectors of Indian economy.
3. What were the objectives of the “Industrial Policy 1991”? Discuss various policy measures adopted for achieving these objectives. Evaluate briefly the success of this policy.
4. Distinguish between the following:
a) Statutory and Non-Statutory Measures of Settlement of Industrial Disputes
b) Foreign Direct Investment and Portfolio Investment
5. Write short notes on the following:
a) Role of foreign capital in industrialization
b) Balance of payments
c) Advantages and disadvantages of free trade
d) Functions of World Trade Organization
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ECO – 14: ACCOUNTANCY – II
1. Explain the different system of maintaining the accounts of a dependent branch. How profit is ascertained under each system? Discuss.
2. Explain the term ‘Default’ and ‘Repossession’ both in relation to ‘hire purchase transaction’ and ‘installment sale transaction’. Describe the difference between accounting treatment under hire purchase system and installment payment system.
3. Discuss how is goodwill brought in by an incoming partner treated in the books of account? Explain how is goodwill treated when the incoming partner does not bring his share of goodwill in cash?
4. (a) Can a company issue shares at a discount? If so, explain legal provisions relating to issue of shares at a discount under section 79 of the companies Act.
(b) Describe various ways in which a company can redeem its debentures.
5. (a) Explain various ratios that helps the management while taking the decision about the solvency position of the firm.
(b) Discuss how are the provisions of tax and proposed dividends treated while ascertaining the amount of funds from operations and preparing Fund Flow statement.

AED- 01: EXPORT PROCEDURES AND DOCUMENTATION
1. Explain various steps involved in the processing of an export order with suitable examples.
2. What are the basic principles of ECGC Operations? Explain the procedure for making a claim from ECGC. Also discuss the obligations of the policy holders.
3. Distinguish between
1. Spot rate and Forward rate
2. Forward contracts and Currency options
4. a) Discuss the Customs clearance procedures alongwith the documentation formalities.
b) Explain the procedure of Duty Drawback Scheme alongwith the documentation formalities.
5. Write short notes on of the following:
i) International Contract Terms
ii) Standardized Pre-shipment Export Documents
iii) Letters of Credit
iv) Government Policy Making and Consultations Institutions.
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AMK -01: MARKETING
1. Differentiate between the following:
(a) Selling and marketing
(b) Marketing mix and promotion mix
2. Comment very briefly on the following statements:
(a) Product line refers all the products offered by a particular seller.
(b) Promotional allowance is a discount given by the manufacturer to the consumer.
(c) Exclusive distribution policy is suitable for the distribution of bread.
(d) There is no sponsor in the case of publicity.
3. “Marketing mix strategies should be different at various stages in the Product Life Cycle (PLC)”. Do you agree with this statement? Give reasons.
4. (a) How you differentiate advertisement from publicity?
(b) “Advertising is wasteful”. Comment.
5. (a) Explain the two pricing approaches for pricing a new product.
(b) ABC Pharma India is the first pharma company to develop a vaccine for AIDS. For pricing this vaccine, which of the above two approaches you suggest to the company? Give reasons in support of your suggestion.

AOM -01: OFFICE ORGANISATION AND MANAGEMENT
1. what are the purposes for which written external communication is conducted? What are the advantages of written communication?
2. Discuss the various types of calculating machines used to modern organizations for the computation work. What are their common advantages?
3. Briefly comment on the following:
a) Poor working conditions cause mental strain.
b) There is no standard size for the executive desk or table.
c) Decentralized filing is relatively more economical than centralized filing.
d) Given a set of possible decisions, a decision-maker will select one on the basis of the information at hand.
4. Write short notes on the following:
a) Signals
b) Self-Indexing
c) Office manual
d) Flow chart
5. Distinguish between the following
a) Strip Index and visible card Index
b) Guides and signals
c) Copying and duplicating machines
d) Horizontal communication or vertical communication
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ASP – 01: SECRETARIAL PRACTICE
1. Who is a secretary? Describe his/her qualifications. What are the roles of a secretary?
2. What is a meeting? Outline different types of meeting. What are the requisites of a valid meeting?
3. Explain basic principles of correspondence. Outline form and arrangement of a business letter.
4. a) You run a bookstore “Brilliant Career Book Depot” at Jaipur. Write a letter to “XYZ Publishers” Meerut requesting to send a catalogue of the books published by them in the field of management.
b) You dispatched a railway parcel to “XYZ Book World” Allahabad, but it has not been delivered even after 3 months. Write a letter to the Superintendent , Railway Parcel Office Jaipur in this regard.
5. Write short notes on the following:
a) Importance of reports
b) Characteristics of a good précis
c) Minutes of a meeting
d) Postal services


BCOA – 01: Business Communication and Entrepreneurship
1. List out complete range of words you are familiar with. Classify them into active vocabulary and passive vocabulary.
(a) What are words you have added to your vocabulary?
(b) How many words have shifted from the passive list to the active list?
2. Are entrepreneurs born or made? Discuss with examples and reasons.
3. Differentiate between the following:
a) Entrepreneurship & Intrapreneurship
b) Innovation and Creativity
c) Management and Administration
d) Licensing & Franchising
4. Briefly comment on the following:
a) Entrepreneurship is essential in economic development.
b) Small Scale industries are businesses that require few people to run.
c) Business communication is the sharing of information between people within an organization.
d) Strong leadership in the organization is important for its success.
5. Write short notes on of the following:
a) Feasibility plan
b) Venture capital
c) Listening skills
d) Report writing
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BCOE-108: COMPANY LAW
1. a) Define a company. Describe the main characteristics of a company.
b) Define a public company. What is the procedure for converting a public company into a private company? 2. a) What do you mean by incorporation of a company? What are the effects of registration of a company?
b) What is declaration of solvency?
3. a) What do you understand by Memorandum of Association? Explain the doctrine of ultra vires with suitable examples.
b) What are articles of association? How can they be altered?
4. a) What are the rules subject to which preference shares may be issued and redeemed?
b) Explain the procedure of allotment of shares.
5. a) Discuss the legal position of a Director.
b) Explain the limitations under Companies Act 2013 regarding payment of remuneration to the managerial personal.
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