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In this post, we have provided the sessional examination question papers for all subjects of the B.Com 4th Semester at Gauhati Commerce College (GCC) for the year 2025. These papers are intended to assist students in their preparation for the exams under the Gauhati University BCom 4th Semester Curriculum. This GU BCom 4th Semester Sessional Question Paper 2025 Cover All Major Subjects like Accountancy Major, Finance Major, HRM Major and Marketing Management Major under Gauhati University.
Gauhati Commerce College B.Com 4th Semester Sessional Examination Question Papers 2025
Fundamentals of Financial Management(Major 4)
Time: 2 hours
Full Marks: 40
1. Answer the following as directed: (1 × 4 = 4)
a) A Finance manager is accountable for:
i) Earning Capital assets of the Company.
ii) Effective management of a Fund.
iii) Arrangement of Financial resources.
iv) Proper utilization of Fund.
[Choose the correct alternative]
b) What is the meaning of internal rate of return?
c) Stable dividend means:
i) Constant dividend per share.
ii) Constant dividend payout ratio.
iii) Both (i) and (ii).
iv) None of the above.
[Choose the correct alternative]
d) The net working capital is the excess of current assets over current liabilities.
[Write true or false]
2. Answer any three of the following questions: (2 × 3 = 6)
a) What is Financial Management?
b) What is pay-back period?
c) Write two importances of capital structure.
d) What is the irrelevance theory of dividend?
e) What is permanent working capital?
3. Answer any two of the following questions: (5 × 2 = 10)
a) Explain the various Finance Functions discharged by a Finance manager.
b) Discuss the modern method of Capital budgeting.
c) ABC Co. issues Rs 17,00,000, 8% redeemable debentures at a discount of 5%. The cost of the Floatation amount is Rs 35,000. The debentures are redeemable after 5 years. Calculate before tax and after tax cost of debt assuming a tax rate of 50%.
d) Write the Features of balanced capital structure.
e) What are the adverse effects of excessive working capital in a Firm?
4. Answer any two of the following questions: (10 × 2 = 20)
a) Discuss the scope and objectives of Financial management.
b) Discuss different types of Financial decisions and examine their interrelationship.
c) Elaborate the Modigliani and Miller hypothesis of dividend decisions. Examine its validity.
d) Discuss the forecasting techniques of working Capital requirement of a business organisation.
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Financial Market and Operation (Major-5: Finance)
Time: 2 hours
Full Marks: 40
1. Answer in brief: (1 × 4 = 4)
a) What is derivative?
b) What is front office?
c) What is money market?
d) Define data management.
2. Answer the following questions: (2 × 3 = 6)
a) Write two objectives of Financial System Review.
b) Write two differences between futures and forward contract.
c) State the functions of stock market.
3. Answer any two of the following questions: (5 × 2 = 10)
a) What are the sub-markets of money market?
b) Explain the significance of data management.
c) What are the features of forward contract?
d) State the feature of back office in an organisation.
4. Answer any two of the following questions: (10 × 2 = 20)
a) State the meaning of financial system. Explain the role of financial system in the economy. (2 + 8 = 10)
b) Discuss the types of data management.
c) Explain the usage and functions of derivative exchange.
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Insurance (Major-6: Finance)
Time: 2 hours
Full Marks: 40
1. Answer as directed: (1 × 4 = 4)
a) Which type of insurance provides a lump sum payment upon the death of the insured?
i) Health Insurance
ii) Life Insurance
iii) Property Insurance
iv) Travel Insurance
b) Which of the following is an example of general insurance?
i) Endowment Policy
ii) Term Life Insurance
iii) Motor Insurance
iv) Unit Linked Insurance Plan (ULIP)
c) What does IRDAI stand for?
i) Insurance Regulation and Development Authority
ii) Indian Reserve and Development Agency for Insurance
iii) Insurance Regulatory and Distribution Association of India
iv) Indian Regulatory Department for Insurance
d) What is the primary role of the Insurance Ombudsman?
i) To sell insurance policies
ii) To resolve disputes between insurers and policyholders
iii) To regulate insurance premiums
iv) To invest in insurance funds
2. Answer the following: (2 × 3 = 6)
a) State two differences between term life insurance and whole life insurance.
b) Explain the principle of "Utmost Good Faith" in an insurance contract.
c) State two objectives of IRDAI.
3. Answer the following: (5 × 2 = 10)
a) Explain the duties, power & functions of IRDAI.
OR
Explain the rights of an insurance agent.
b) Explain the different kinds of life insurance policies.
OR
Write about the various principles of insurance.
4. Answer the following: (10 × 2 = 20)
a) Explain the procedure for taking life insurance policy.
OR
Explain the procedure of becoming an insurance agent.
b) Discuss the role and responsibilities of insurance ombudsman.
OR
Write about the procedure of filing a complaint to the insurance ombudsman.
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Alternative English II
Time: 1 hour
Full Marks: 20
1. Write a precis of the following paragraph: (5 × 1 = 5)
The man who is perpetually hesitating which of the two things he will do first, will do neither. The man who resolves, but suffers his resolution to be changed by the first counter suggestions of a friend, - who fluctuates from opinion to opinion, from plan to plan, and veers like a weather cock to every point of the compass, with every breath of caprice that blows - can never accomplish any thing great or useful. Instead of being progressive in any thing, he will be at best stationary, and more probably retrograde in all. It is only the man who consults wisely, then resolves firmly, and then wants his purpose with flexible perseverance, undismayed by those petty difficulties which daunt a weaker spirit, -that can advance to eminence in any line. Take your course wisely, but firmly; and having taken it, hold upon it with heroic resolution, and the Alps and the Pyrenes will sink before you.
2. Answer the following questions briefly: (2 + 2 = 4)
a) Why was Bond allowed to stay in the school hospital for a few days?
b) Describe Bond's baby brother.
3. Answer any one of the following questions: (5 × 1 = 5)
a) Briefly write after R.L Stevenson, about some of life's lessons to be learnt from Nature. Cite one example.
b) How did Bond's mother and stepfather interact with him at Dehra?
c) 'But finally, in 1983 we could create Grameen Bank'. Briefly narrate the Jobra success story as a precursor to the Grameen Bank.
4. Do as directed: (1 × 6 = 6)
a) Grammar is taught to us by Mr. Sharma. (Change to active voice)
b) The manager will give you a ticket. (Change to passive voice)
c) Your brother doesn’t look his age, ? (Add a question tag)
d) Mondays’ debate was very interesting, ? (Add a question tag)
e) The play starts before we reached the stadium. (Rewrite in correct tense)
f) The cricket team returned back to India yesterday. (Rewrite the sentence correctly)
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English Communication
Time: 1 hour
Full Marks: 20
1. Answer the following questions: (1 × 5 = 5)
a) What pseudonym did A.G Gardiner write under?
b) What is inside address?
c) What is an agenda?
d) What is an agenda attached to?
e) What does Carl Sagan talk about in 'Growing up with Science Fiction'?
2. Answer the following questions: (2 × 5 = 10)
a) How is a memo different from a letter?
b) What is a minute? Who records the minutes of a meeting?
c) What is the effective formula used in writing a Sales Letter?
d) What is it* it that enjoins us to be civil to one another?
e) What is one of the great benefits of Science fiction?
3. Answer any one of the following: (1 × 5 = 5)
a) How is Science Fiction different from Science? How does Carl Sagan feel about reading Science Fiction at the age of 10 and later when older?
b) How infectious are bad manners? Illustrate from your reading of 'On Saying Please'.
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Cost and Management Accounting
(Major: Finance/HRM/Marketing Management)
Time: 2 hours
Full Marks: 40
1. Answer the following as directed: (1 × 4 = 4)
i) Prime Cost + Factory overhead = _______ (Fill in the blanks)
ii) Material is the first element of cost. (State whether true or false)
iii) Wages paid to factory supervisor is an overhead. (State whether true or false)
iv) Management Accounting is concerned with reporting to the shareholders only. (State whether true or false)
2. Answer the following questions: (2 × 3 = 6)
a) What is Cost Accounting?
b) Write two objectives of Management Accounting.
c) Write two roles of Management Accountant.
3. Answer the following questions (any two): (5 × 2 = 10)
a) Distinguish between Cost Accounting and Financial Accounting.
b) Explain five functions of Cost Accounting.
c) Distinguish between Cost Accounting and Management Accounting.
4. Answer the following questions (any two): (10 × 2 = 20)
a) Discuss the various classifications of cost.
b) Describe the tools and techniques of Management Accounting needed for Managerial decisions.
c) The following have been obtained from the cost records of a factory for the year 2024:
- Cost of Material consumed: Rs 1,50,000
- Direct Wages: Rs 24,000
- Direct expenses: Rs 10,000
- Fuel & Gas: Rs 5,000
- Office rent: Rs 10,000
- Salary (Factory): Rs 48,000
- Office stationary: Rs 4,000
- Depreciation on office building: Rs 20,000
- Factory rent: Rs 20,000
- Salesmen’s Salary: Rs 12,000
- Advertising: Rs 22,000
- Transfer to reserve: Rs 10,000
- Sales: Rs 3,50,000
You are required to prepare a Cost Sheet for the year 2024.
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Industrial Relations (Major-6: HRM)
Time: 2 hours
Full Marks: 40
1. Answer the following questions as directed: (1 × 4 = 4)
i) The unitary approach to industrial relations focuses on a single authority system. (State True or False)
ii) The legislative measure for trade unions in India was passed in the year _____. (Fill in the blank)
iii) Who is credited with the systems theory of industrial relation?
iv) When was AITUC formed?
2. Write answers to the following questions: (2 × 3 = 6)
i) State two major characteristics of the Marxist approach to industrial relations.
ii) Mention two characteristics of trade unions.
iii) State two significant roles of trade unions in the context of global trade negotiations.
3. Answer any two of the following questions: (5 × 2 = 10)
i) Discuss briefly the new role of trade unions in the context of globalisation.
ii) Give a brief account of the pluralistic approach to Industrial Relations.
iii) Explain the role of the trade unions in the context of collective bargaining.
4. Answer any two of the following questions: (10 × 2 = 20)
i) Discuss the indicators of the state of Industrial Relations.
ii) Explain the various problems of trade unions.
iii) Discuss the pre and post-independence scenario of Industrial Relations in India.
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Labour Laws (Major-5: HRM)
Time: 2 hours
Full Marks: 40
1. Choose the correct answer: (1 × 4 = 4)
i) Who is an 'adolescent' as per Factories Act, 1948?
(a) One who has completed 17 years of age
(b) One who is more than 15 years but less than 18 years of age.
(c) One who is less than 18 years of age.
(d) None of these
(ii) A person who has ultimate control over the affairs of the factory under the Factories Act, 1948 is called as_______.
(a) Occupier
(b) Managing Director
(c) Chairman
(d) Manager
iii) What types of claims can be settled by the appropriate authorities under the Minimum Wages Act, 1948?
a) Payment of less than minimum rates of wages.
b) Payment of remuneration for days of work or work done on such days.
c) Wages at the overtime rate.
d) All of the above.
iv) Who shall be responsible for computing the cost of living allowance under the Minimum Wages Act, 1948?
a) The State Government
b) The Central Government
c) The Competent Authority
d) The Appropriate Authority
2. Write short answers on the following questions: (2 × 3 = 6)
i) Define ‘factory’ under the Factories Act, 1948.
ii) State two objectives of the Minimum Wages Act, 1948.
iii) Define “Wages” under the Minimum Wages Act, 1948.
3. Answer any two of the following questions: (5 × 2 = 10)
i) Write a note on the constitution and composition of Advisory Board under the Minimum Wages Act, 1948.
ii) Discuss five provisions regarding health under the Factories Act, 1948.
iii) Briefly discuss the classification of labour laws.
4. Answer any two of the following questions: (10 × 2 = 20)
i) Explain the provisions regarding safety under the Factories Act, 1948.
ii) Elaborate on the history and development of labour legislation in India.
iii) State the provisions related to fixation and revision of minimum wages under Section 3 of the Minimum Wages Act, 1948. What are the two methods that can be followed by the Appropriate Government for fixing or revising minimum wages?
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Retail Management (Major 5: Marketing Management)
Time: 2 hours
Full Marks: 40
1. Answer the following as directed: (1 × 4 = 4)
i) The term “retailing” is derived from the French word ‘retailler’ which means “to cut again”. (State whether true or false)
ii) What is retailing?
iii) The wheel of Retailing theory was propounded by:
a) Philip Kotler
b) Malcolm P. McNair
c) Charles Darwin
d) Peter Drucker
iv) State one benefit of retailing.
2. Answer in short: (2 × 3 = 6)
i) State two characteristics of retailing.
ii) State two importance of retailing.
iii) Mention two demographic trends affecting retailing.
3. Answer the following (any two): (5 × 2 = 10)
i) Explain the Accordion Theory of Retailing.
ii) Explain the Natural Selection Theory in Retailing.
iii) Explain the role of a retailer.
4. Answer the following questions (any two): (10 × 2 = 20)
i) Discuss the reasons for high retail growth in India.
ii) Discuss the factors affecting retailing environment.
iii) Write a short note on:
a) Retail life cycle
b) e-retailing
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Income Tax Law and Practice (Major-6: Accountancy)
Time: 2 hours
Full Marks: 40
1. Answer the following:
a) Fill in the blanks: (1 × 2 = 2)
i) The present Income Tax Act came into force w.e.f. _______.
ii) _______ of an assessee has no relation with the concept of residential status.
b) Write true or false: (1 × 2 = 2)
i) Income tax is an annual tax on income.
ii) Finance Bill is passed by the Parliament every year.
2. Write short notes on any three of the following: (2 × 3 = 6)
a) Previous year
b) Assessment year
c) Profit in lieu of salary
d) Net annual value in case of house property
3. Answer any two of the following questions: (5 × 2 = 10)
a) What is Income Tax? Write any three advantages of it.
b) Write the meaning of ‘Person’ as per Income Tax Act, 1961.
4. Answer any two of the following: (10 × 2 = 20)
a) Discuss in brief the history of Income Tax in India.
b) Explain the procedure for computation of Income from House Property.
c) Classify the assessees on the basis of their residential status.
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Advanced Corporate Accounting (Major 7: Accountancy)
Time: 2 hours
Full Marks: 40
1. Answer the following as directed: (1 × 4 = 4)
a) The IASB was previously known as the Indian Accounting Standard Committee. (State whether the statement is True or False)
b) The liquidator is entitled to receive his remuneration after payment of _______. (Fill in the blank)
c) What is Auditors Report in the Annual Report by companies?
d) Creditors can propose voluntary liquidation of a company. (State whether the statement is true or false)
2. Answer the following questions (any three): (2 × 3 = 6)
a) Mention any two features of Liquidators Final Statement of Account.
b) Mention two importance of International Financial Reporting Standard.
C) Write a short note on surplus from securities in winding up of companies.
d) Why are Voluntary disclosures made in the annual report of a company?
3. Answer the following questions (any two): (5 × 2 = 10)
a)Write five distinctions between International Financial Reporting stardards (IFRS) and Indian Accounting Standards (Ins AS).
b) Write a short note on E-filing of Annual Reports of companies.
c) Write a short note on Liquidators remuneration.
d) Discuss the circumstances for compulsory liquidation of a company.
4. Answer the following questions (any two): (10 × 2 = 20)
a) Explain the need and objectives of Corporate Financial Reporting.
b) Write a short note on National Financial Reporting Authority (NFRA) and mention its structure.
c) i) State the order and manner of preferential payments the liquidation of a company. 5
ii) Give the proforma of Liquidators Final Statement of Accounts.
d) AB Ltd. went into liquidation with the following liabilities
i) Secured Creditors: ₹ 80,000
(Securities realised ₹80,000)
ii) Unsecured Creditors: ₹ 1,10,000
iii) Amount due to workmen: ₹ 20,000
iv) Liquidation expenses: ₹ 4,000
v) Liquidator’s remuneration: ₹ 8,000
vi) Preferential Creditors: ₹ 54,000
The various assets (excluding securities in the hands of secured creditors) realised ₹ 50,000.
Prepare the Liquidator’s Final Statement of Account showing the amount paid to the creditors.
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Cost Accounting (Major-5: Accountancy)
Time: 2 hours
Full Marks: 40
1. Fill in the blanks with appropriate word/words: (1 × 4 = 4)
a) Prime Cost + Factory Overheads = _______.
b) Indirect expenses are also known as _______.
c) Costing is a technique of _______ cost.
d) stores Ledger is the part of _______ record.
2. Answer the following questions (any three): (2 × 3 = 6)
a) What is Cost Accounting?
b) Write any two objectives of Cost Accounting.
c) Explain LIFO Method of valuing meterial issues.
Write any two advantages of Cost Accounting.
c) Write any two limitations of Cost Accounting.
3. Answer the following questions (any two): (5 × 2 = 10)
a) Write any five differences between Financial Accounting and Cost Accounting.
b) ABC Company manufactures and sells a product. Following details are available for the year ending 31/03/2024:
Direct materials ₹6,60,000
Direct wages ₹3,00,000
Factory expenses at 25% of prime cost
25% Administrative Expenses at 20% of factory cost
Selling and Distribution expenses at ₹200 per unit
Opening Stock of finished goods (100 units) at 2,50,000 and Closing Stock of finished goods 80 units. Product sold during the period 1200 units at 2,000 per unit.
Prepare Cost Statement.
c) Write any five differences between Cost Unit and Cost Centre.
4. Answer the following questions (any two): (10 × 2 = 20)
(a) Explain the various costs classified under 'functional classification.
b) Mention any four advantages of preparation of Cost Sheet. Write a short note on the role of Cost Accountant in a business organisation.
c) Following are the details of stores receipts and issues of materials of an organisation.
January 1: Opening stock of materials 2200 units@8 per unit
- January 5: Purchased 350 units @ ₹ 10 per unit
- January 8: Issued 1100 units
- January 10: Purchased 3300 units @ ₹ 12 per unit
- January 16: Issued 2200 units
- January 20: Issued 550 units
- January 23: Issued 200 units
- January 27: Purchased 2450 units @ ₹ 11 per unit
- January 31: Issued 1600 units
Prepare Store Ledger by using FIFO method.
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Must Visit: Gauhati University FYUGP BCom 4th Semester Main Page (For All Major Students)
Final Words
Thank you for checking out our post on the Gauhati Commerce College (GCC) FYUGP B.Com 4th Semester All Major Sessional Examination Question Papers 2025. We hope these resources help you ace your exams! Stay tuned for more updates, and happy studying! Best Wishes!
