x-12 ins. page (for paper-iii) · 2019. 8. 26. · “performance appraisal is not merely for...
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(ii) �ú¾Ö¸ü ¯ÖéÂ�ü ¯Ö¸ü �û¯Öê ×Ö¤ìü¿ÖÖÖãÃÖÖ¸ü ¯ÖÏ¿Ö-¯ÖãÛÃ�Ö�úÖ �êú ¯ÖéÂ�ü �Ö£ÖÖ ¯ÖÏ¿ÖÖë�úß ÃÖÓ�µÖÖ �úÖê ���ûß �Ö¸üÆü �Öî�ú �ú¸ü »Öë ×�ú µÖê ¯Öæ¸êü Æïü � ¤üÖêÂÖ¯Öæ�ÖÔ¯ÖãÛÃ�Ö�úÖ ×�ÖÖ´Öë ¯ÖéÂ�ü/¯ÖÏ¿Ö �ú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ �Ö �ÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö´Öë Ö ÆüÖë �£ÖÖÔ�Ö ×�úÃÖß ³Öß ¯ÖÏ�úÖ¸ü �úß ¡Öã×�ü¯Öæ�ÖÔ ¯ÖãÛÃ�Ö�úÖ Ã¾Öß�úÖ¸ü Ö�ú¸ëü �Ö£ÖÖ �ÃÖß ÃÖ´ÖµÖ �ÃÖê »ÖÖî�üÖ�ú¸ü �ÃÖ�êú ãÖÖÖ ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆü߯ÖÏ¿Ö-¯ÖãÛÃ�Ö�úÖ »Öê »Öë � �ÃÖ�êú ×»Ö� �Ö¯Ö�úÖê ¯ÖÖÑ�Ö ×´ÖÖ�ü פüµÖê �ÖÖµÖë�Öê ��ÃÖ�êú ²ÖÖ¤ü Ö �ÖÖê �Ö¯Ö�úß ¯ÖÏ¿Ö-¯ÖãÛÃ�Ö�úÖ ¾ÖÖ¯ÖÃÖ »Öß �ÖÖµÖê�Öß �Öî¸ü ÖÆüß �Ö¯Ö�úÖê �×�Ö׸ü��Ö ÃÖ´ÖµÖ ×¤üµÖÖ �ÖÖµÖê�ÖÖ �
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5. �¢Ö¸ü-¯ÖãÛÃ�Ö�úÖ �úêú ��Ö ´Öë �ú��ÖÖ �úÖ´Ö (Rough Work) �ú¸üÖê �êú ×»Ö�´Ö滵ÖÖÓ�úÖ ¿Öß�ü ÃÖê ¯ÖÆü»Öê ��ú ¯ÖéÂ�ü פüµÖÖ Æãü�Ö Æîü �
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D-08-10 P.T.O.
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D
PAPER-III
[Maximum Marks : 200Time : 2 1/2 hours]
Number of Pages in this Booklet : 32 Number of Questions in this Booklet : 19
Instructions for the Candidates ¯Ö¸üß�ÖÖÙ£ÖµÖÖë �êú ×»Ö� ×Ö¤ìü¿Ö
(In figures as per admission card)
COMMERCE
0 8 1 0
D-08-10 2
COMMERCE
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PAPER – III
��··°° � �··��··��·�·�– III
Note : This paper is of two hundred (200) marks containing four (4) sections. Candidates
are required to attempt the questions contained in these sections according to the
detailed instructions given therein.
��····ËzËzÝÝ���� �·§Ý��·° �·�·�·����ÝÝ··Ë�Ë�¤¤····Ï�Ï������������h´oÛ·Ì�oÛ·�§ÏÝ�m�·�i¤·�·Ì�tt····��Ý�Ý��������p·|Ý�§ÐÝ�g�h��·º�·�··Ì�oÛ·Ë�i�·�·Ì�¤·�··¸§Ý�·��·° �··Ì�oËÛ�j�·�Ýh�·q·�¤·Ë�¸�Ý�·Ë�q·�·Ë�¸�·¤�·Ê�·�¸�·�ÍÝ ··Ì�oËÛ�h�·Ä¤··�Ý��ËÝ�··�§ÏÝ�g
D-08-10 3 P.T.O.
SECTION – I
pp··||ÝÝ – I
This section consists of two essay type questions of twenty (20) marks each, to be
answered in about five hundred (500) words each. (2 ×× 20 = 40 marks)
i¤·�p·|Ý��·Ì���·À·À¤¤··-��·À·À¤¤·�·����������h´oÛ·Ì�oËÛ���ÝÝ··ËË�¸�·�·��··��·oÛ��·° �·�§ÐÝ�g��·°��·ËoÛ�oÛ·�j�·�Ý��·q·�·q·���····²²tt·�·�¤¤····Ï�Ï������������ ·��Ý·Ì��·Ìh�·Ë¸c·�·�§ÏÝ�g� (2 ×× 20 = 40 hh´oÛoÛ)
1. Write a detailed note on the functions and policies of World Trade Organization.
¸�· �·���··�··�Ý�¤·q·{Ý�·�oËÛ�oÛ·�··Î�m�·��·À¸�·�··Ì��·�Ý�moÛ�¸�·¤�·Ê�·�¸zÝ��·~·À�¸�·¸p·�·Ë�gOR/hh��·�···�··
Explain the laws of variable proportions and elucidate economies of scale.
�·¸�Ý�·�·µ�· ·À�·�h�·Ä�··�··Ì�oËÛ�¸�·�·�··Ì�oÛÀ���··p�··�oÛÀ¸v·�·Ë�m�·��·Ï�··�·Ë�oÛÀ�¸�·�·��·¸�·�··h·Ì�oÛ·Ë�¤�·£zÝ�oÛÀ¸v·�·Ë�gOR/hh��·�···�··
Highlight the merits and demerits of census type vs. sample type enquiries and
explain the probability based sampling techniques.
¤·´q·~·�··�m�·��·°¸�·�Ý ·µ��·°oÛ·�Ý�oËÛ�h��·�·�·�oËÛ�q·Ä~·�m�·��Ý·Ë£··Ì�oÛ·�j��·Ëp·�oÛÀ¸v·�·Ë��m�·�¤·�··�·�··�h·�··¸�Ý�·��·° �·t·�·�·�·°~··¸�·�··Ì�oÛ·Ë�¤�·£zÝ�oÛÀ¸v·�·Ë�g
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D-08-10 4
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D-08-10 5 P.T.O.
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D-08-10 6
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D-08-10 7 P.T.O.
2. What is meant by consumer behaviour ? What factors do influence it ? Explain the
rationale of studying consumer behaviour in successful marketing.
j�·�··Ën�··���·�·§Ý·�Ý�¤·Ë�n�··��··��·�·µ�§ÏÝ�"�i¤·oÛ·Ë�oÛ·Ï�·�¤·Ë� r·zÝoÛ� �·°�··¸�·�·�oÛ�Ý�·Ë�§ÐÝ� �"�¤·�Û�·� ¸�·�·~·�·��·Ì�j�·�··Ën�··��·�·§Ý·�Ý�oËÛ�h��·�·�·�oÛ·�n�··�h·Ï¸t·��·�§ÏÝ�"
OR/hh��·�···�··“Performance appraisal is not merely for appraisal but is for accomplishment and
improvement of performance.” Explain and illustrate in the context of 360° appraisal
method in the field of human resource management.
“¸�·£�··�Ý�·��·Ç��··oÛ�·��··�·��·Ç��··oÛ�·�§ÝÀ��·§ÝÁ�§ÏÝ��·¼�oÛ�¸�·£�··�Ý�·�oÛÀ�j�·�·¼��·�m�·�¤·Ä�··�Ý��·À�§ÏÝ�g”��··�·�·�¤·¤··�·�·
�·°�·��·�oËÛ�c·Ë�·��·Ì����°��·Ç��··oÛ�·��·�ݸ�·�oËÛ�¤·�Ý�·µ��·Ì�i¤·oÛÀ�j�Ý·§Ý�Ý~·�¤·¸§Ý�·���··p�··�oÛÀ¸v·�·Ë�gOR/hh��·�···�··
Distinguish between explicit and implicit concepts of cost of capital and explain the
important methods of estimating the cost of equity capital of a publicly held corporate
body.
�·Ç²v·À��··q·�·�oÛÀ�¤�·£zÝ�m�·�q·º�·�·�h�·�··�Ý~··�oËÛ��·Àt·�h�·�Ý�¤�·£zÝ�oÛÀ¸v·�·Ë�m�·�¤··�·µv·¸�·oÛ�¤·�··�·Ë¸�·�·�¤·¤�··�oÛÀ¤·�·�··��·Ç²v·À�oÛÀ��··q·�·�oÛ·Ë�h�·Ä�··¸�·�·�oÛ�Ý�·Ë�oÛÀ��·§Ý��·�·Ç~·µ�¸�·¸�·�··Ì�oÛÀ���··p�··�oÛÀ¸v·�·Ë�g
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D-08-10 8
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D-08-10 9 P.T.O.
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D-08-10 10
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D-08-10 11 P.T.O.
SECTION – II
pp··||ÝÝ – II
This section contains three (3) questions from each of the electives/specializations. The
candidate has to choose only one elective/specialization and answer all the three questions
from it. Each question carries fifteen (15) marks and is to be answered in about three
hundred (300) words. (3 ×× 15 = 45 marks)
i¤·� p·|Ý� �·Ì� �·°��·ËoÛ� m˼tuÜoÛ� ioÛ·iµ� �� ¸�· ·Ë£·w·�··� ¤·Ë� ��·À·À��·�·� ������� �·° �·� §ÐÝ� g� h��·�·Â� oÛ·Ë� oËÛ�·�·� moÛ� m˼tuÜoÛ� ioÛ·iµ� �¸�· ·Ë£·w·�··�oÛ·Ë� t·Ä�·oÛ�Ý�j¤·À�oËÛ� �·À�··Ì� �·° �··Ì� oÛ·�j�·�Ý� �ËÝ�··� §ÏÝ� g� �·°��·ËoÛ� �·° �·� ��··����Ýݧ§Ý�Ý� ���������h´oÛ·Ì� oÛ·� §ÏÝ� �·�j¤·oÛ·�j�·�Ý�·q·�·q·���··ÀÀ��·�·�¤¤····Ï�Ï������������ ·��Ý·Ì��·Ì�h�·Ë¸c·�·�§ÏÝ�g (3 ×× 15 = 45 hh´oÛoÛ)
Elective – I
Accounting and Finance
mmË˼¼ttuuÜÜoÛoÛ – I
��··ËpËp····´oÛoÛ��·�·�mm��··´�´�¸�·¸�·��··
3. Discuss the various methods of inflation accounting.
�·Ä�Ý·�¤�ÛÀ¸�·��·Ëp··oÛ�·�oÛÀ�¸�·¸�·��·�¸�·¸�·�··Ì�oÛ·�¸�·�·Ët·�·�oÛÀ¸v·�·Ë�g
4. Explain the call and put options; and state as to how is the value of a call option
determined.
oÛ·Ó�·�m�·� �·ÄzÝ� ¸�·oÛ��··Ì��h·Ó� ·�¤·��oÛÀ���··p�··�oÛÀ¸v·�·Ë���·�··��·§Ý��·�··i�·Ì� ¸oÛ�moÛ�oÛ·Ó�·� ¸�·oÛ��·�oÛ·��·Ç��·�oÏÛ¤·Ë¸�·�··µ¸�Ý�·�§Ý·Ë�··�§ÏÝ�"
5. Elucidate the nature and functions of factoring and discuss the factoring as a source of
corporate finance.
�·Ë�·�Ý·�ÝÀ��·Ëp··�oÛ�·�oËÛ�¤�·�··�·�m�·�oÛ·�··Î�oÛ·��·~·µ�·�oÛÀ¸v·�·Ë�m�·�¸�·q·�·�¸�·�·�oËÛ�¤··�·�·�oËÛ��ß�·��·Ì��·Ë�·�Ý·�ÝÀ��·Ëp··�o¯Û�·�oÛ·�¸�·�·Ët·�·�oÛÀ¸v·�·Ë�g
OR / hh��·�···�··Elective – II
Marketing
mmË˼¼ttuuÜÜoÛoÛ – II
¸�·¸�·��··~~··��··3. Why does a marketer need study different types of consumer behaviour ? Explain in
the context of Indian market.
moÛ�¸�·�·~·�·oÛ�··µ�oÛ·Ë�¸�·¸�·��·��·°oÛ·�Ý�oËÛ�j�·�··Ën�··���·�·§Ý·�Ý�oËÛ�h��·�·�·�oÛÀ�h·�· �·oÛ�··�n�··Ì�§Ý·Ë�·À�§ÏÝ�"��··�Ý�·À�·�··v··�Ý�oËÛ�¤·�Ý�·µ��·Ì���··p�··�oÛÀ¸v·�·Ë�g
4. One of the key marketing trends of the 1990s was that organizations were trying to
become more market driven. What role should market research play in the process ?
Discuss.
�����oËÛ��Ý ·oÛ��·Ì�moÛ��·Äp�·� ¸�·�·~·�·��·°�·Ê¸�·��·À�¸oÛ�j�·oÛ�··Ì�h¸�·oÛ·¸�·oÛ��··v··�Ý� �·°Ë¸�Ý�·�§Ý·Ë�·Ë�oÛ·��·°�··¤·�oÛ�Ý� �ݧËÝ�·Ë�g�i¤·��·°¸oÛ�··��·Ì��··v··�Ý� ··Ë�·�oÛÀ�n�··��·Ç¸�·oÛ·�§Ý·Ë�·À�t··¸§Ý�·Ë�"�¸�·�·Ët·�··�oÛÀ¸v·�·Ë�g
D-08-10 12
5. What is tele-marketing ? How did changes in technology contribute towards the
growth of tele-marketing ?
�ÇÝ�Ý�··£·�¸�·�·~·�·�n�··�§ÏÝ�"��·oÛ�·ÀoÛÀ��·Ì��·¸�Ý�·�·µ�·�¸oÛ¤·��·°oÛ·�Ý�¤·Ë��ÇÝ�Ý�··£·�¸�·�·~·�·�oËÛ�¸�·oÛ·¤·��·Ì��··Ëq·�Ý·�·�oÛ�Ý�¤·oÛ·�§ÏÝ�"
OR / hh��·�···�··Elective – III
Human Resource Management
mmË˼¼ttuuÜÜoÛoÛ – III
��····��·�·�·�·�¤¤··´¤¤····��··��·�·���··°°��··����··3. What is meant by performance appraisal ? Why should any performance appraisal be
done within an organization ? How does it help at enhancing employee performance ?
¸�·£�··�Ý�·��·Ç��··oÛ�·�¤·Ë�n�··��··��·�·µ�§ÏÝ�"�moÛ�¤·q·{Ý�·��·Ì�n�··Ì� ¸�·£�··�Ý�·��·Ç��··oÛ�·�§Ý·Ë�··�t··¸§Ý�·Ë�"��·§Ý� ¸oÛ¤·� �·°oÛ·�ÝoÛ�·µt··�ÝÀ�¸�·£�··�Ý�·�oÛ·Ë��·}®Ý·�·Ë��·Ì�¤·§Ý·�·oÛ�§ÏÝ�"
4. “In the post-liberalisation scenario, the role of human resource managers has become
more challenging than ever before.” Discuss.
j�Ý·�ÝÀoÛ�Ý~·�oËÛ� �· t··�·¬�oËÛ� �·¸�Ý�Ý �·��·Ì��··�·�·�¤·¤··�·�·� �·°�·��·oÛ·Ì�oÛÀ��·Ç¸�·oÛ·� �·§Ý�·Ë�¤·Ë�¤·�Ý·�oÛÀ� �·Ä�·�··��·Ì�h¸�·oÛt·Ä�··Ï�·À�·Ç~·µ�§Ý·Ë�q·�·À�§ÏÝ�g�¸�·�·Ët·�··�oÛÀ¸v·�·Ë�g
5. What are the practical deficiencies in the implementation of workers’ participation in
management in India ? In your opinion, what conditions are essential for the success
of workers’ participation in Management ?
�··�Ý�·��·Ì�¢·¸�·oÛ·Ì�oÛÀ��·°�·��·��·Ì�¤··x·Ë�Ý·�ÝÀ��··q·Ç�oÛ�Ý�·Ë��·Ì���··�·§Ý·¸�ÝoÛ�oÛ¸�·�··²�n�··�§ÐÝ�"�h·�·oËÛ�¸�·t··�Ý�¤·Ë��·°�·��·��·Ì¢·¸�·oÛ·Ì�oÛÀ�¤··x·Ë�Ý·�ÝÀ�oÛÀ�¤·�Û�·�··�oËÛ�¸�·�·Ë�oÛ·Ï�·�¤·À� ·�·Î�h¸�·�h·�· �·oÛ�§ÏÝ�"
OR / hh��·�···�··Elective – IV
International Business
mmË˼¼ttuuÜÜoÛoÛ – IV
hh����··��ÝÝ··µµ££z³z³ÝÝÀÀ��·��·����····��····��ÝÝ3. How do you justify the role of MNCs in bringing Foreign Direct Investment in India ?
�··�Ý�·��·Ì�¸�·�ËÝ ·À��·°��·c·�¸�·�·Ë ·��··�·Ë��·Ì��·§ÄÝ�Ý·£z³ÝÀ�·�¸�·q·�··Ì�oÛÀ��·Ç¸�·oÛ·�oÛ·Ë�h·�·�¸oÛ¤·��·°oÛ·�Ý���··�·¤·q·�·�{ݧÝ�Ý·�·Ìq·Ë�"
4. In the wake of WTO agreements, how are the intellectual property rights protected in
India ?
|Ý���·Ç�zÝÀ�h·Ë��¤·�·x··Ï�··Ì�oËÛ�¤·�Ý�·µ��·Ì��··�Ý�·��·Ì��··Ï¸�ÝoÛ�¤·��·�Ý·�h¸�·oÛ·�Ý·Ì�oÛ·�¸oÛ¤·��·°oÛ·�Ý�¤·�Ýc·~·�§Ý·Ë�··�§ÏÝ�"
5. Critically examine the controversy regarding fixed vs flexible exchange rate.
¼¤�·�Ý��·�··�·��·¸�Ý�·�·µ�· ·À�·�¸�·¸�·�·�·��Ý�Ý�¤·Ë�¤·�·¼��·�·�¸�·�··�Ý�oÛ·�h·�··Ët·�··��·oÛ��·�ÝÀc·~·�oÛÀ¸v·�·Ë�g
OR / hh��·�···�··Elective – V
Income-tax Law and Tax Planning
mmË˼¼ttuuÜÜoÛoÛ – V
hh··��··oÛoÛ��Ý�Ý�¸�·¸¸�·¸��·�·�mm�·�·´�´�oÛoÛ��ÝÝ��¸��··��····ËËvv··��··3. Examine the effect of recent changes that have been made to computation of taxable
income under various heads.
j�·�h¸�·�·�·��·¸�Ý�·�·µ�··Ì�oËÛ��·°�··�·�oÛ·��·�ÝÀc·~·�oÛÀ¸v·�·Ë�¸v·�§ÌÝ�¸�·¸�·��·� ·À£·µoÛ·Ì�oËÛ�h�·q·µ�·�oÛ�Ý�··Ëq�·�h·�·�oÛÀ�q·~·�··oËÛ�¸�·�·Ë�¸oÛ�·Ë�q·�·Ë�§ÐÝ�g
D-08-10 13 P.T.O.
4. Discuss the measures taken by the Government of India to minimize tax evasion and
tax avoidance.
oÛ�Ý�h�·�·t·�·� �·�··� oÛ�Ý��·¸�ݧݷ�Ý� oÛ·Ë� ��·Ç�·�·�·� oÛ�Ý�·Ë� oËÛ� ¸�·�·Ë� �··�Ý�·� ¤·�ÝoÛ·�Ý� �Ý·�Ý·� ¸oÛ�·Ë� q·�·Ë� j�··�··Ì� oÛÀ� ¸�·�·Ët·�··oÛÀ¸v·�·Ë�g
5. Write a note on ‘On-line filing of returns’ and payment of taxes’. How does it help
the tax payers ?
‘¸�·�·�Ý~·À��Ý·¸p·�·�oÛ�Ý�·Ë�oÛÀ�h·Ó�·��··i�·��·°¸oÛ�··’�m�·�oÛ�Ý·Ì�oËÛ��·Äq·�··�·��·�Ý�moÛ�¸zÝ��·~·À�¸�·¸p·�·Ë�g��·§Ý�oÛ�Ý�Ý·�··h·ÌoÛÀ�¸oÛ¤·��·°oÛ·�Ý�¤·§Ý·�·�··�oÛ�Ý�·À�§ÏÝ�"
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D-08-10 15 P.T.O.
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D-08-10 17 P.T.O.
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D-08-10 19 P.T.O.
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SECTION – III
pp··||ÝÝ – III
This section contains nine (9) questions of ten (10) marks, each to be answered in about
fifty (50) words. (9 ×× 10 = 90 Marks)
i¤·� p·|Ý� �·Ì� ��Ýݤ¤··����Ýݤ¤·�·� ���������������h´oÛ·Ì� oËÛ� ��····Ï�Ï� ������� �·° �·� §ÐÝ� g� �·°��·ËoÛ� �·° �·� oÛ·� j�·�Ý� �·q·�·q·� ��··tt····¤¤·�·� ��������� ·��Ý·Ì� �·Ìh�·Ë¸c·�·�§ÏÝ�g� (9 ×× 10 = 90 hh´oÛoÛ)
6. What are the important provisions of Consumer Protection Act 1986 ?
j�·�··Ën�··�¤·�Ýc·~·�h¸�·¸�·�·�·�������oËÛ��·§Ý��·�·Ç~·µ��·°·�·�··�·�n�··�§ÐÝ�"
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D-08-10 21 P.T.O.
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7. What are the important methods of valuation of Shares ?
h´ ··Ì�oËÛ��·Ç��··oÛ�·�oÛÀ��·§Ý��·�·Ç~·µ��ÝÀ¸�·�··²�n�··�§ÐÝ�"
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8. Distinguish between profit maximization and wealth maximization as an objective of
financial management.
¸�·�·À�·� �·°�·��·� oËÛ� j�ËÝ �·� oËÛ� �ß�·� �·Ì� �··�·� h¸�·oÛ�·�·oÛ�Ý~·� �·�··� ¤·��·�Ý·� h¸�·oÛ�·�·oÛ�Ý~·� oËÛ� �·Àt·� h�·�Ý� ¤�·£zÝoÛÀ¸v·�·Ë�g
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D-08-10 23 P.T.O.
9. What are the features of the Line and Staff Organization ?
�ËÝp··�m�·�oÛ�·µt··�ÝÀ�¤·q·{Ý�·�oÛÀ�¸�· ·Ë£·�··m²�n�··�§ÐÝ�"
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10. How does pay back method of investment appraisal incorporate risk in decision
making ?
¸�·¸�·�··Ëq·��·Ç��··oÛ�·�oÛÀ��·Ä�·�·Äµq·�··�·��ÝÀ¸�·�¸oÛ¤·��·°oÛ·�Ý�¸�·~·µ�·�·��·Ì�v··Ë¸p·�·�oÛ·�¤·�··�·Ë ·�oÛ�Ý�·À�§ÏÝ�"
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11. Highlight important issues of Industrial Relations in India.
�··�Ý�·��·Ì�h·Ï�·Ë¸q·oÛ�¤·�·��··Ì�oËÛ��·§Ý��·�·Ç~·µ��·Ä�Ý·Ì�oÛ·�j��·Ëp·�oÛÀ¸v·�·Ë�g
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D-08-10 25 P.T.O.
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12. What are the important functions of Commercial Banks ?
�··¸~·¼v�·oÛ��·ÐoÛ·Ì�oËÛ��·§Ý��·�·Ç~·µ�oÛ·�·µ�n�··�§ÐÝ�"
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13. What are the important functions of World Trade Organisation (WTO) ?
¸�· �·���··�··�Ý�¤·q·{Ý�·��|Ý���·Ç��zÝÀ��h·Ë���oËÛ��·§Ý��·�·Ç~·µ�oÛ·�·µ�n�··�§ÐÝ�"
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14. What are the salient features of the law of demand ?
�··q·�oËÛ�¸�·�·�·�oÛÀ��·°�·Äp·�¸�· ·Ë£·�··m²�n�··�§ÐÝ�"
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D-08-10 27 P.T.O.
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SECTION – IV
pp··||ÝÝ – IV
This section contains five (5) questions of five (5) marks each based on the following
passage. Each question should be answered in about thirty (30) words. (5 ×× 5 = 25 marks)
i¤·�p·|Ý� �·Ì� ¸�·��·¸�·¸p·�·� �·¸�ÝtuËÜ�Ý� �·�Ý�h·�··¸�Ý�·� ��····²²tt·�·� ������� �·° �·� §ÐÝ� g� �·°��·ËoÛ� �·° �·�oÛ·� j�·�Ý� �·q·�·q·� ��··ÀÀ¤¤·�·� ��������� ·��Ý·Ì� �·Ìh�·Ë¸c·�·�§ÏÝ�g��·°��·ËoÛ��·° �·���····²²tt·�·��������h´oÛ·Ì�oÛ·�§ÏÝ�g� (5 ×× 5 = 25 hh´oÛoÛ)
While stressing that without adequate fiscal and monetary discipline, other regulatory
measures would not have the desired effect, the policy recognised that fiscal and monetary
policies by themselves might also not suffice to secure the right relationship between various
prices or to prevent undue hardship to low and fixed income groups. “It may be necessary,
then, to have physical allocations and direct controls in certain sectors. It will be agreed, for
instance, that so long as steel is scarce, it should be distributed between competing uses on
the basis of agreed priorities. It may, of course, be essential to raise the price of any
commodity that is scarce; but it may not be desirable from an overall point of view to get the
highest bidder to get the bulk of the available supplies, leaving the rest to their own devices.
If, similarly, there is a shortage of an essential drug, control of prices and distribution at a fair
price to genuine users would be the appropriate course of action to adopt. The same reasoning
applies to essentials of life like food or cloth. The prices of what may be called basic
essentials must be held reasonably stable; in regard to commodities that are less essential, or
may be classed as comforts or luxuries, a rise in prices may have to be tolerated. In the case
of comfort and luxuries, in fact, an important factor in policy is the need to raise more
resources; a rise in their prices does not affect the common man. The techniques of price
regulation may vary from commodity to commodity; in some cases, an increase in production
may be the only way to secure a reasonable level of prices. In other cases, buffer stocks,
reorganisation of distribution arrangements and some direct controls may be inescapable.”
v·�·¸oÛ�i¤·��··�·��·�Ý��·�·�¸�Ý�··�q·�··�¸oÛ�¸�·�··��·�··µ��·��Ý·v·oÛ·Ë£·À�·�m�·��··Ï¸�ÝoÛ�h�·Ä ··¤·�·�oËÛ�h��·�¸�·�··�·oÛÀ�·�j�··�·oÛ·�i¼tuÜ�·��·°�··�·��·§ÝÁ�§Ý·Ë�¤·oËÛq··���·Ç��·��·À¸�·��·Ì��·§Ý��··��·�··��Ýp·À�q·�·À�¸oÛ��Ý·v·oÛ·Ë£·À�·�m�·��··Ï¸�ÝoÛ��·À¸�·�··²�¤�·�·��·Ì�¸�·¸�·��·�·Ç��··Ì� oËÛ� �·Àt·� j¸t·�·� ¤·�·��·� oÛ·Ë� �·°·��·� oÛ�Ý�·Ë� oËÛ� ¸�·�·Ë� �·�··µ��·� �·§ÝÁ� §Ý·Ë�·Ë�h�·�··� ¸�·��·� m�·� ¼¤�·�Ý�h·�·� �·q··Î� oÛÀ�h�·Ä t·�·oÛ¸{Ý�··i�··Ì�oÛ·Ë��Ý·ËoÛ�·Ë��·Ì� �·§Ý� �·�··µ��·��·§ÝÁ�§Ý·Ë�·Ë�g��·�·��·§Ý�h·�· �·oÛ�§Ý·Ë�¤·oÛ�··�§ÏÝ� ¸oÛ�oÄÛuÜ�ht·�··Ì� �·Ì��··Ï¸�·oÛ�h·�·zÝ�·�m�·�·°��·c·� ¸�·�·��·~··Ì� oÛ·Ë� h�·�··�··� v··�·Ë� g� j�Ý·§Ý�Ý~·� ¤�·�ß�·�� i¤·� �·�Ý� ¤·§Ý�·�·� §Ý·Ìq·Ë� ¸oÛ� v·�·� �·oÛ� i¤�··�·� �ÄÝ�·µ�·� §ÏÝ� i¤·oÛ·Ë�·°¸�·¤�·�··µ��·oÛ�j�·�··Ëq··Ì��·Ì�¤·§Ý�·�·��·°·�·¸�·oÛ�··h·Ì�oËÛ�h·�··�Ý��·�Ý�¸�·�·¸�Ý�·�¸oÛ�··�v··�·Ë�g�¸�·�¤·�ËݧÝ�¸oÛ¤·À��·À��·¤�·Ä�oËÛ��·Ç��·�oÛ·Ë�·}®Ý·�··�h·�· �·oÛ�§Ý·Ë�¤·oÛ�··�§ÏÝ�v··Ë��ÄÝ�·µ�·�§Ý·Ë��¸oÛ��·Ä��·§Ý�¤·�·q·°��ݼ£zÝ�¤·Ë��··uÜ�·À�·��·§ÝÁ�§Ý·Ë�¤·oÛ�··�§ÏÝ�¸oÛ�¤·�··Ítt·��··Ë�·À��··�·Ë�oÛ·Ë
D-08-10 28
§ÝÀ�j�·�·��·�h·�·Çº�·�oÛ·�h¸�·oÛ· ·��··q·��·°·��·�§Ý·Ë�h·Ï�Ý� ·Ë£·�oÛ·Ë�j�·oËÛ�h�·�·Ë�¤··�·�··Ì� �·�Ý�uÜ·Ë|®Ý� ¸�Ý�··�v··�·Ë�g�i¤·À��·°oÛ·�Ý��·¸�ݸoÛ¤·À�h·�· �·oÛ��Ý�··�oÛÀ�oÛ�·À�§ÏÝ��··Ë��·Ç��··Ì�oÛ·�¸�·�·��·~·�m�·�h¤·�·À�j�·�··Ëq·oÛ�··µh·Ì�oÛ·Ë�j¸t·�·��·Ç��·��·�Ý�¸�·�·�Ý~·�¸�·�¤·�ËݧÝh�·�··�··�v··�··�t··¸§Ý�·Ë�g��·§ÝÀ��·oµÛ�v·À�·�·�oÛÀ�h·�· �·oÛ��·¤�·Äh·Ì�oËÛ�¸�·�·Ë��·À��··q·Ç�§Ý·Ë�··�§ÏÝ��v·Ï¤·Ë��··Ëv·�·��··�oÛ�·|®Ý·�g��·¤�·Äm²¸v·�·oÛ·Ë�h·�··�Ý�·Ç�·�h¸�·�h·�· �·oÛ��··�··�v··�··�§ÏÝ�j�·oËÛ��·Ç��··Ì�oÛ·Ë�j¸t·�·��ß�·�¤·Ë�¼¤�·�Ý��Ýp·�··�t··¸§Ý�·Ë��·�··�j�·��·¤�·Äh·Ì�oËÛ¤·��·��·��·Ì�v··Ë�oÛ�·�h·�· �·oÛ�§ÏÝ��··�¸v·�§ÌÝ�h·�Ý·�·�Ý·�·oÛ�h·Ï�Ý�¸�·�··¸¤·�··�oËÛ��ß�·��·Ì��·q·ÂoÊÛ�·�¸oÛ�··�v··�¤·oÛ�··�§ÏÝ�j�·oËÛ��·Ç��··Ì�·Ì��·Ê¸�Ý�oÛ·Ë�¤·§Ý�·�¸oÛ�··�v··�¤·oÛ�··�§ÏÝ�g��··¤�·�·��·Ì�h·�Ý·�·�Ý·�·oÛ�m�·�¸�·�··¸¤·�··�oÛÀ��·¤�·Äh·Ì�oËÛ�¤·�Ý�·µ��·Ì�h¸�·oÛ�¤·¤··�·�··ÌoÛ·Ë� �·°·��·� oÛ�Ý�·Ë� oÛÀ�h·�· �·oÛ�··� �·Ç��·� �·À¸�·� �·Ì� moÛ� �·§Ý��·�·Ç~·µ� r·zÝoÛ� §ÏÝ�� n�··Ì¸oÛ� j�·oËÛ� �·Ç��··Ì� �·Ì� �·Ê¸�Ý� ¤··�··��·� v·�·� oÛ·Ë�·°�··¸�·�·��·§ÝÁ�oÛ�Ý�·À�§ÏÝ�g��·Ç��·�¸�·�·�·�·�oÛÀ��·oÛ�·ÀoÛ��·¤�·Ä��·¤�·Ä�oËÛ�¸�·�·Ë�¸�·��·�§Ý·Ë�¤·oÛ�·À�§ÏÝ��·�··�oÄÛuÜ��··�·�··Ì��·Ì��·Ç��··Ì�oËÛj¸t·�·�¤�·�Ý�oÛ·Ë� �·°·��·�oÛ�Ý�·Ë�oËÛ� ¸�·�·Ë�j��··�Ý�·��·Ì��·Ê¸�Ý�§ÝÀ�moÛ�··�·��Ý·¤�··�§Ý·Ë�¤·oÛ�··�§ÏÝ�g�h��·��··�·�··Ì� �·Ì� ¤·Ä�ݸc·�·��·~|Ý·��ݸ�·�·�Ý~·���·�·¤�··�oÛ·��·Ä�·q·µ{Ý�·�m�·�oÄÛuÜ��·°��·c·�¸�·�·��·~·�h�· �·�··�·À�§Ý·Ë�¤·oÛ�·Ë�§ÐÝ�g
15. What policy measures were considered effective for preventing hardships of fixed
income groups ?
¼¤�·�Ý�h·�·��·q··Î�oÛÀ�oÛ¸{Ý�··i�··Ì�oÛ·Ë��Ý·ËoÛ�·Ë�§ËÝ�·Ä�oÛ·Ï�·�¤·Ë��·À¸�·q·�·�j�··�··Ì�oÛ·Ë��·°�··�·À��··�··�v··�··�§ÏÝ�"
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16. Besides pricing, what other measures are essential for scarce goods ?
�ÄÝ�·µ�·��·¤�·Äh·Ì�oËÛ�¸�·�·Ë���·Ç��·�·�oËÛ�h¸�·¸�Ýn�·��oÛ·Ï�·�¤·Ë�h��·�j�··�·�h¸�·�h·�· �·oÛ�§ÐÝ�"
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D-08-10 29 P.T.O.
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17. For what types of goods may the raising of prices be acceptable ?
¸oÛ¤·��·�ݧÝ�oÛÀ��·¤�·Äh·Ì�oËÛ�¤·�Ý�·µ��·Ì��·Ç��··Ì�oÛ·Ë��·}®Ý·�··�¤�·ÀoÛ·�·µ�§Ý·Ë�¤·oÛ�··�§ÏÝ�"
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18. How may the prices be usually managed to be stable ?
¤··�··��·�·���·Ç��··Ì�oÛ·Ë�¸oÛ¤·��·°oÛ·�Ý�¼¤�·�Ý��Ýp··�v··�¤·oÛ�··�§ÏÝ�"
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D-08-10 30
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19. What other measures can be adopted for price stability ?
�·Ç��·�¼¤�·�Ý�··�oËÛ�¸�·�·Ë�oÛ·Ï�·�¤·Ë�h��·�j�··�··Ì�oÛ·Ë�h�·�··�··�v··�¤·oÛ�··�§ÏÝ�"
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D-08-10 31 P.T.O.
Space For Rough Work
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Question
Number
Marks Obtained
FOR OFFICE USE ONLY
Total Marks Obtained (in words) ...........................................
(in figures) ..........................................
Signature & Name of the Coordinator ...................................
(Evaluation) Date .........................
D-08-10 32
Marks
Obtained