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UGC NET JUN 2008 :COMMERCE PAPER III

20 pages, 48 questions, 1 questions with responses, 1 total responses,

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Signature and Name of Invigilator Roll No. (In figures as per admission card) 1. (Signature) (Name) Roll No. 2. (Signature) (Name) Test Booklet No. J 0 8 0 8 Time : 2 hours] (In words) PAPER III COMMERCE Number of Pages in this Booklet : 40 [Maximum Marks : 200 Number of Questions in this Booklet : 26 Instructions for the Candidates U U 1. Write your roll number in the space provided on the top of this page. 1. U DU U S U U U U U 2. U U U, U S U U 2. Answers to short answer/essay type questions are to be given in the space provided below each question or after the questions in the Test Booklet itself. U U No Additional Sheets are to be used. 3. U U U, - S U U U - S U U 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) - S U U U U U U U S U U- U S S U U (i) To have access to the Test Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) U DU U U U - S DU U U U U U U S DU / U U U U U S S U U U U U S U U - S U U - S U UQ (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the question booklet will be replaced nor any extra time will be given. 4. U U 4. Read instructions given inside carefully. 5. One page is attached for Rough Work at the end of the booklet before the Evaluation Sheet. 5. U U- S (Rough Work) U U DU 6. If you write your name or put any mark on any part of the Answer Sheet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 6. U- S U , U U U U 7. U # U U- S U U U U U # U U U U 7. You have to return the Test booklet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. 8. / U Z U S U 8. Use only Blue/Black Ball point pen. 9. Use of any calculator or log table etc. is prohibited. 9. U ( U U) U U 10. There is NO negative marking. 10. U U J 0808 1 P.T.O. COMMERCE 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. (200) (4) S J 0808 2 SECTION - I U I Note : This section contains five (5) questions based on the following paragraph. Each question should be answered in about thirty (30) words and each carries five (5) marks. (5x5=25 marks) (5) (30) (5) (5x5=25 ) The occupational structure of a country is closely interlinked with its economic development. In the advanced countries, a very large proportion of working force is engaged in tertiary and secondary occupation and only a small proportion of workers are engaged in the primary activities. On the other hand, in backward or underdeveloped countries, the largest percentage of workers are engaged in agriculture, and other primary occupations while a small fraction of the working force is engaged in secondary and tertiary occupations. Emphasising this close relationship between economic development and the occupational structure in a country, it can be said that a high average level of real income per head is always associated with a high proportion of working population engaged in tertiary production and a low percentage in primary production. The empirical evidence gathered from the various studies of the contemporary advanced countries over the course of their development shows that with the development of an economy, there is a shift of workers from the primary sector to the secondary and tertiary sectors. The percentages of workers engaged in the secondary and tertiary sector increases while that in the primary sector decreases. However, the absolute number of people in agriculture and allied activities may keep on increasing in the face of increasing population, though their proportion to the total population decreases. When the economy reaches a higher stage of economic development, the absolute number of people engaged in agriculture also declines, while that in secondary and tertiary sector increases. When the economy achieves a high rate of growth and J 0808 3 P.T.O. reaches a state of economy maturity, the population of workers engaged in tertiary sector may even become larger than the population in secondary sector. There are number of reasons for such changes in occupational structure with the development of an economy. Firstly, economic development leads to fast-spread of industries in urban centres and hence much labour is attracted to them from the low productive and low income agricultural occupations. Secondly, as incomes of the people rise under economic development, their expenditure on the non-agricultural goods rises more than in proportion to their expenditure on agricultural goods such as food. In fact, beyond a point the demand for food may not increase while that for the industrial goods and services rises as income goes on increasing. Hence, there is expectation of industrial and commercial activities and the number of workers rises sharply and the commercial activities and the number of workers rises sharply in non agricultural sectors. Finally, with increasing agricultural productive a small number of workers can produce the required amount of agricultural goods as the demand is not rising in proportion and rise in income. Hence, only a smaller percentage of workers stay in the primary sector while more and more move to the secondary and tertiary sectors. U U U , U m U U R U U U, U U m U U U U S S U U - h , - S m U m U U U , U h R U Q , U U h U , U U U U - S U S U U U U h J 0808 4 , m U - S U # U U U S U U m - S U U U , U l U l U U - l U m , U - S U m U - S l U S l l S U , l U U , h S h h U U m U 1. How would you correlate occupational structure of a country with economic development ? U U U S c U J 0808 5 P.T.O. 2. Under what circumstances there is shift of workers from the primary sector to the secondary and tertiary sectors ? U S U ? 3. State the consequences of reaching the economy to highest stage. S U U U ? J 0808 6 4. What are the main reasons for the changes in occupational structure ? U U U ? 5. What generally happens if population goes on increasing ? U U U ? J 0808 7 P.T.O. SECTION - II U II Note : This section contains fifteen (15) questions, each to be answered in about thirty (30) words. Each question carries five (5) marks. (5x15=75 marks) - (5-5) (15) (30) (5) (5x15=75 ) 6. What is meant by the product concept of marketing ? Discuss. U ? U J 0808 8 7. What are the main objectives of sales promotion ? g ? 8. What are the functions of WTO ? U . U . . ? J 0808 9 P.T.O. 9. What do you mean by Capital Account Convertibility ? U ? 10. Enumerate five major items of exports to SAARC. J 0808 10 11. Write the five concepts of accounting ? U U 12. What is downsizing ? U $ ? J 0808 11 P.T.O. 13. Enlist the rules of probability. 14. Write a note on deductions u/s 88. U 88 U U U J 0808 12 15. Explain computer application in tax computation. U U U S c U U 16. What are the objectives of pricing ? U g ? J 0808 13 P.T.O. 17. What is skills inventory ? S U ? 18. What is social accounting ? U ? J 0808 14 19. What is agriculture income ? ? 20. What is residential status ? S ? J 0808 15 P.T.O. SECTION - III U III Note : This section contains five (5) questions from each of the electives / specialisations. The candidate has to choose only one elective / specialisation and answer all the five questions from it. Each question carries twelve (12) marks and is to be answered in about two hundred (200) words. (12x5=60 marks) / (5) / (12) (200) (12x5=60 ) Elective - I U I (Accounting and Finance) ( ) 21. What is meant by Inflation Accounting ? Explain the methods of inflation accounting. S U ? S U U U 22. How the risks and returns are measured in case of portfolios ? U U U ? 23. Describe the concept of venture capital funds. What are the main advantages of this fund ? U U ? 24. Explain the role of SEBI in regulating stock exchanges in India. U S U U . . . S c U U 25. Enumerate the working of stock exchanges in India. U S U OR / J 0808 16 Elective - II II (Marketing) ( ) 21. Explain briefly the steps to be followed in new product development. U 22. Discuss in detail the various steps involved in formulation of an overall marketing strategy. S U - U S U 23. In what ways the knowledge of buying process is helpful to a marketing manager. U 24. Describe the major decisions involved in developing a distribution channel. U 25. Explain the promotion mix determination process. h U OR / Elective - III III (Human Resource Management) ( ) 21. What are the functions of Human Resource Manager ? ? 22. What are different methods of training adopted for management trainees ? U ? J 0808 17 P.T.O. 23. Bring out various fringe benefits practiced by Indian companies ? U m U S U 24. What are different social security measures inpractice in India ? U U 25. Suggest measures to improve productivity of labour in textile industry ? S l U OR / Elective - IV IV (International Business) ( C ) 21. Discuss the role of FDI in telecommunication-sector in India. U U U . U . . U 22. Discuss the various components of Intellectual property. h U 23. What are the major problems in introducing full convertibility of rupee ? L U L U S ? 24. FIIs are the back-bone of Indian Capital Market . Do you agree with this statement ? Discuss. $ U $ U U ? U 25. What are the important equity-linked instruments used for raising money in abroad ? U- h U ? OR / J 0808 18 Elective - V V (Income-Tax) ( ) 21. What are the legal provisions regarding deduction of tax at source from income from salary. d U U U h ? 22. Under what circumstances capital gains on the sale of the house are exempted. U/ U U S ? 23. Explain the deductions in respect of income of physically handicapped persons under section 80 U. U 80 U U U M h U U 24. Describe the provisions of the Income Tax Act, 1961, in respect of deductions for donation to charitable institutions. U U S U U h , U , 1961 S c U U 25. What is a permanent Account Number ? Explain. S ? S c U J 0808 19 P.T.O. SECTION - IV IV Note : This section consists of one essay type question of forty (40) marks to be answered in about one thousand (1000) words on any of the following topics. (40x1=40 marks) (40) , (1000) (40x1=40 ) 26. What do you mean by balanced growth ? Point out the limitations of balanced growth as a strategy of planning in a developing economy ? ? - S U M OR / Critically examine the causes of industrial sickness of India. U l L U U OR / Critically examine the role of cooperatives in the Agricultural Development of India. U U S U J 0808 31 P.T.O.

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