Question Paper Available: Business Statistics, Business Law, Entrepreneurship, New Venture Planning, Advanced Financial Accounting, Human Resource Management, e-Filing of Returns
GAUHATI COMMERCE COLLEGE (GCC)
Business Statistics
SESS/GCC/2024/BTS-III
Sessional Examination, 2024
B.Com 3rd Semester
Business Statistics
Full Marks: 30
Time: 1 Hour 30 minutes
1. Answer the following questions as directed: [1x4=4]
(a) A rise in prices before Diwali is an example of ________ variations of time series data. (Fill in the gap)
(b) Which average is appropriate for computing average rate of growth? ________ (Fill in the gap)
(c) The probability of occurrence of an event ranges from ________ to ________. (Fill in the gap)
(d) An event 'A' is called the Certain Event, if P(A) = ________. (Fill in the gap)
2. Answer any four of the following questions: [2x4=8]
(a) Write two uses of Geometric Mean (GM).
(b) Define Mutually Exclusive Events.
(c) The AM of 7 numbers 7, 9, 12, x, 5, 4, and 11 is 9. Find x.
(d) A coin is tossed twice. Find the probability of getting a head.
(e) Define Time Series. What is Time Series Analysis?
3. Answer any two of the following questions: [5x2=10]
(a) Explain various components of Time Series.
(b) Why is AM considered as the best measure of central tendency?
(c) Write the Classical definition of probability. What are its limitations?
(d) Find the Median of the following distribution:
X: 94, 33, 36, 68, 32, 80, 48, 70
4. Answer any one of the following questions: [8x1=8]
(a) From the following data, find the trend values by 3-yearly Moving Average Method:
Year: 199, 199, 199, 199, 199, 2000
Sales (Rs): 1, 2, 3, 4, 5, 6, 7
(b) Calculate AM and Median and hence calculate Mode from the following data using Empirical Relation:
Marks: 0-20, 20-40, 40-60, 60-80, 80-100
No. of Students: 5, 15, 30, 12, 8
(c) Define: ½+½=3
(i) Random Experiment
(ii) Trial and Event
(iii) In a throw of 2 fair dice together find the probability of getting 2 sixes. 5
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Business Law
SESS/GCC/2024/BL-III
Sessional Examination, 2024
B.Com 3rd Semester
Business Law
Full Marks: 40
Time: 2 hrs
1. Answer as directed: [1x4=4]
(a) What is a void contract?
(b) A contract of indemnity is a ________ contract. (Fill in the blank)
(c) A partner who does not contribute any capital or share in profit but lends his name to the firm is called ________. (Fill in the blank)
(d) In which year was the Indian Contract Act passed?
2. Answer the following questions in brief: [2x3=6]
(a) What is consideration?
(b) Distinguish between agreement and contract.
(c) What is a contract?
3. Answer any two of the following questions: [5x2=10]
(a) "All contracts are agreements, but all agreements are not contracts." Explain.
(b) Discuss the essential elements of a contract of indemnity.
(c) Discuss the characteristics of Negotiable Instruments.
(d) State the essential elements of partnership.
4. Answer any two of the following questions: [10x2=20]
(a) Explain the essential elements of a valid contract.
(b) State the rights and duties of a partner under the Indian Partnership Act, 1932.
(c) What are the essential elements of a contract of sale of goods? Distinguish between sale and agreement to sell.
(d) Discuss the rights and liabilities of a surety.
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Entrepreneurship
SESS/GCC/2024/ENT-III
Sessional Examination, 2024
B.Com 3rd Semester
Entrepreneurship
Full Marks: 40
Time: 2 hours
1. Answer any four of the following questions: [1x4=4]
(a) Risk-taking is a part of Entrepreneurship. (State true/false)
(b) Who advocated the concept of innovation in entrepreneurship?
(c) What is Public Private Partnership in Business?
(d) What is the full form of 'VGF' Scheme?
(e) Mention any one demerit of business plant location in an urban area.
2. Write short notes on any two of the following: [5x2=10]
(a) Hagen's Theory of Entrepreneurship.
(b) Women Entrepreneurship in Assam.
(c) Need of Public Private Partnership.
(d) Types of Public Private Partnership contracts.
(e) Sources of Business Idea.
(f) Factors influencing plant location.
3. Answer any two of the following: [10x2=20]
(a) What are the qualities of an entrepreneur? Why are more and more young Indians coming forward to pursue entrepreneurship? [4+6=10]
(b) State the relationship between the role of entrepreneurship and economic development.
(c) Explain the concept of support and sustainability of entrepreneurship.
(d) Discuss the common funding sources in business.
(e) Define Business Feasibility Test. Briefly explain the important feasibility tests that entrepreneurs utilize to assess potential business ventures. [3+7=10]
(f) What is a Business Proposal? Write any four significances of writing a Business Proposal. Also, briefly explain any five contents of a Business Project. [1+4+5=10]
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New Venture Planning
SESS/GCC/ 2024/NVP-III
Sessional Examination, 2024
B.Com 3rd Semester
New Venture Planning
Full Marks: 30
Time: 1.5 hrs
1. Answer the following as directed: [1x4=4]
1. Creativity arises through the confluence of ________, creative thinking, and motivation.
2. McDonald's is an example of:
(i) Contract
(ii) Franchising
(iii) Joint venture
(iv) Partnership
3. ________ could be a strength of a business enterprise.
4. RAMP is an acronym for which four factors?
2. Answer the following briefly: [2x3=6]
1. Define bootstrapping.
2. What do you mean by a 'franchise law'?
3. What is a social venture?
3. Answer any two of the following: [5x2=10]
1. Discuss five advantages of starting your own business.
2. What is franchising? Discuss how a franchise works with a suitable example.
3. Explain the advantages and disadvantages of acquiring an existing venture.
4. Answer any one of the following: [1x10=10]
1. Discuss the different pathways of entering into a venture. According to you, which method is the most ideal one and why?
2. What are the factors that need to be considered in evaluating a business idea?
3. Discuss John Mullins's Seven-domain Framework of evaluating entrepreneurial opportunity.
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Advanced Financial Accounting (Major)
SESS/GC2024/AFA-III
Sessional Examination, 2024
B.Com 3rd Semester
Advanced Financial Accounting (Major)
Full Marks: 40
Time: 2 hours
1. Answer as directed: [1x4=4]
(a) The dead rent or the actual royalty shall have to be paid by the lease, whichever is:
(i) Lower
(ii) Higher
(iii) None of these
(b) Shortworking is the excess of Minimum Rent over ________.
(c) In departmental accounts, each department is considered as a separate ________ (Profit centre/Cost Centre).
(d) Each department is charged with a share of the common expenses which is ________ apportioned.
(i) Equally
(iii) None of these
(ii) On a suitable basis
2. Answer in short: [2x3=6]
(a) Define the term Royalty.
(b) What is Recoupment of Shortworking?
(c) What is a department?
3. Answer any two of the following questions: [5x2=10]
(i) State five advantages of preparing departmental accounts.
(ii) What is departmental accounting? Explain the different methods of departmental accounting.
(iii) State the importance of minimum rent in a royalty agreement.
(iv) Write a note on the accounting treatment of shortworking.
4. Answer any two of the following: [5x2=10]
(a) Explain the basis of appropriation of expenses between different departments.
Or
Write a note on the different method of recoupment of shortworking.
(b) AB Ltd got the lease of a colliery on the basis of Rs. 5 per tonne of coal raised subject to a minimum rent of Rs. 1,00,000 p.a. The tenant has the right to recoup shortworkings during the first four years of the lease and not afterwards. The output in tonnes in four years was 9,000, 13,000, 25,000, 27,000, and 50,000 respectively. Give the journal entries assuming that the year ends on 31st December.
(c) Z & Co. has two departments. They maintain separate records for each department. You are requested to prepare the Trading A/C and Profit & Loss A/C of each department for the year ended on 31st March 2023 on the basis of the following information:
Here is the data from the image converted into an editable table format:
Additional Information (for depreciation & allocation):
Depreciate Plant & Machinery by 33⅓%
Depreciate Building by 5%
Depreciate Furniture & Fittings by 10%
All unallocated expenses are to be allocated on the basis of net sales of each department.
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e-Filing of Returns
SESS GCC 2024 eFR III
Sessional Examination, 2024
B.Com 3rd Semester
e-Filing of Returns
Full Marks: 30
Time: 1.5 hours
1. Fill in the blanks: [1x2=2]
(a) PAN is a ________ digit alphanumeric number.
(b) Filing is ________ for a company.
2. State whether the statement is true or false: [1x2=2]
(a) Assessment year is always a period of 12 months.
(b) e-Filing is mandatory for all taxpayers.
3. Answer any three of the following: [2x3=6]
(a) What is Income Tax Return?
(b) State any two advantages of e-filing of return.
(c) What is Form 26AS?
(d) What is meant by previous year?
(e) Who is an assessee as per the Income Tax Act?
4. Answer any two of the following: [5x2=10]
(a) Briefly explain the various Heads of Income.
(b) Write a note on the various provisions of the New Tax Regime.
(c) Briefly explain the various modes of verification of ITR.
5. Answer any one of the following: [1x10=10]
(a) Explain the various types of forms used for filing Income Tax Returns.
(b) What is Total Income? State any seven differences between e-Filing and manual filing of return.
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Sessional Examination, 2024
B.Com 3rd Semester
Human Resource Management (MAJOR)
Full Marks: 40
Time: 2 hours
1. State whether the following statements are 'true or 'false': 1x4=4
(a) Induction is viewed as a socializing process.
(b) Selection is a negative process of employment.
(c) Human Resources are the liabilities in an organization.
(d) Human Resource Management has nothing to do with human relations in the organisation.
2. Write short answers to the following questions: (any three)
2x3=6
(a) What do you understand by the term 'Human capital'?
(b) What is meant by 'Human Resource Information System'?
(c) State the difference between 'Job Description' and 'Job Specification'. test
(d) What is an 'application blank'? 'Application blank'
3. Write short notes on any two of the following: 5x2=10
(a) Difference between 'Human Resource Management' and 'Human Resource Development'.
(b) Human Resource Accounting
(c) Job Analysis
(d) Placement
4. Answer the following questions : 10x2=10
(a) Discuss the emerging challenges of Human Resource Management.
Or
Discuss the role and necessary qualities of a 'Human Resource Manager'.✓
(b) Explain the types of 'Tests' and 'Interviews'.
Or
Explain the concept and process of selection.
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