Business Economics, Accounting & Finance PGDLM Question Paper : iimm.org

College : Indian Institute of Materials Management
Degree : PGDLM(PG Diploma in Logistics Management)
Subject :Business Economics, Accounting & Finance.
Document Type : Question Paper
Website : iimm.org

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Business Economics, Accounting & Finance Question Paper :

INDIAN INSTITUTE OF MATERIALS MANAGEMENT
Post Graduate Diploma in Materials Management
Graduate Diploma in Materials Management
Date : 16.12.2013
Max. Marks :100
Time : 2.00 p.m to 5.00 pm
Duration : 3 Hrs.

Related : Indian Institute of Materials Management Legal Aspects & Import/ Export Procedure PGDLM Question Paper : www.pdfquestion.in/6744.html

Instructions :
1. From Part A – answer all questions (compulsory). Total: 32 Marks
2. From Part B – Answer any 3 questions out of 5 questions. Each question carries 16 marks
Total: 48 Marks
3. Part C is a case study (compulsory). Read the case study carefully and answer the questions Total: 20 Marks Each Question carries 10 marks

PART A 32 Marks
each question carries one mark :
Q. 1 Expand the following abbreviations :
a. NYSE
b. LRAC
c. MES
d. APP
e. GDP
f. IMF
g. FDI
h. SCM

Q. 2.Match Col A & Col B :
a. GDP – a. large numbers of buyers and sellers
b. Keynesian economics  – b. financial agency under UNO regulations
c. Perfect competition – c. agriculture
d. World Bank  – d. perestroika
e. Seasonal unemployment  – e. physiocrats
f. Laissez – Faire  – f. volume of output
g. Gorbachev – g. size of the economy’s income
h. Variable cost – h. Macro economic theory

Q. 3.True or False :
a. Micro economics deals with behavior of the economy
b. The four factors of production are Land, Building, labor and capital
c. Diminishing Marginal Return is the points where MRP curve starts sloping down
d. Industrial Reconstruction Bank of India is now called Industrial Investment Bank of India
e. The purpose of P & L A/c preparation is to ascertain Net Profit.
f. Balance sheet is always prepared on a certain date.
g. Market conditions may change the market price of current assets but not its book value.
h. Fund flow statement cannot reveal continuous changes.

Q. 4. Fill in the blanks :
a. The objective of the firm is to ____________ its value to share holders.
b. Most of durable commodities are kept in _________
c. Less work and more people means ___________
d. Current assets will be converted in to ________
e. One of the components of return on ___________ employed in the Net profit ratio.
f. Cash comprises of cash on hand and demand deposit with __________
g. The previous years ________are carried forward to new books of the current year
h. Healthy ____________ would help less efficient firm in acquiring competency.

PART B :
Answer any three question each question carries 16 marks 48 marks
Q. 5. What are the advantages and disadvantages of sole proprietorship
Q. 6 What are the criteria for market classification?
Q. 7 What are the functions of financial institutions?
Q. 8 a. Explain the different forms of business organization
b. Discuss the different sectors of Economy

Q. 9 Write Short Notes on any four
a. E- Governance
b. Wholesale Price Index
c. Use of financial Ratios
d. Globalization and its effects
e. Factors of Production.

PART C : 20 Marks
Q. 10. The following are the Ratio’s and other information extracted from the Balance sheet of a company as on 31.03.2013.
1. Current Liabilities 10 times of working capital
2. Current Assets 2.5 times of working capital
3. Working capital Rs. 3,00,000
4. Liquidity ratio 1.5
5. Stock turnover ratio 6
6. Gross profit as percentage of sales 20 %
7. Debt collection period 2 months
8. Share holders capital Rs. 5,00,000
9. Reserves and surplus Rs. 2,50,000
10. Fixed assets turnover 2
a. Draw a balance sheet of the company from the above information.
b. Show the working details of various items of Balance sheet.

Business Economics, Accounting & Finance – June 2013 :
PART A :
Q1. Select the most appropriate answer from the options given below: 8 marks
1. The situation when there is only one buyer in a market is called:
a. Oligopoly
b. Monopoly
c. Oligopsony
d. Monopsony

2. One of the following is not included in the primary sector of the economy:
a. Farming
b. Fishing
c. Insurance
d. Forestry

3. One of the following is a regulatory body:
a. Unit Trust of India
b. Central Board of Direct Taxes
c. General Insurance Corporation of India
d. National Housing Bank

4. Price takers have typically
a. Low market share and high price sensitivity
b. Average volume and avergae price sensitivity
c. High volume and high price sensitivity
d. High volume share with low price sensitivity

5. One of the following will appear in the credit side of the trading account
a. Direct expenses
b. Carriage inwards
c. Wages
d. Closing stock

6. Technical know-how is
a. Tangible asset
b. Fictitious asset
c. Intangible asset
d. None of the above

7. Outstanding salaries and wages are classified as
a. Expenditure
b. Liability
c. Asset
d. Goodwill

8. Net current assets are the same as
a. Working Capital
b. Total assets less liability
c. Capital less liabilities
d. Fixed assets

Q2. State whether the following are true or false: 8 marks
1. Inventory is included to calculate quick ratio
2. Common size income statement present the various items in the income statements as percentage of sales.
3. Financial statements do not disclose monetary facts
4. Depreciation is a source of funds
5. Errors of ommission are disclosed in a trial balance
6. Capital market is overseen by SEBI
7. International Finance Corporation is not one of the agencies of World Bank
8. An economic indicator is not a statistic about the economy

Q3. Fill in the blanks with appropriate words : 8 marks
1. ratio establishes a relationship between liquid assets and cureent liabilities
2. ROI means return on .
3. The ministerial conference of WTO meets in every years.
4. Money market is the global financial market for short-term borrowing and
5. India’s Five year plans are supervised by Commission
6. International Finance Corporation was established in
7. Loss on sale of fixed assets is an example of loss
8. Proprietary ratio is worked out by dividing shareholders’ funds by total

Q4. Expand the abbreviations : 8 marks
1. LAFTA
2. EEC
3. ASEAN
4. SCICI
5. GDP
6. LIC
7. NNP
8. HDI