15842 CAN a Ill Semester M.Com. Examination, January 2016 (Choice Based Credit System) Commerce HC : International Business Time : 3 Hours Max. Marks : 70 PART-A Answer any five questions. Each question carries five marks. (5x5=25) 1. Explain the comparative position of India among emerging global markets. 2. Explain the organisational structure of Multi National Corporation. 3. Differentiate between GATT and WTO. .. Why do firms engage in International Business ? 4. 5. What are the factors favouring for Globalisation ? 6. How International Business play its role in Development of Indian Economy ? 7 . Discuss the differences between a free-market economy and centrally planned economy. . Explain the features of General Agreement on Tradein Services (GATS). @ PART-B Answerany three questions. Each question carriesten marks. (3x10=30) 9. Discuss the recent developments in Special Economic Zone (SEZ). 10. How the Multinational Companies are important for Developing countries ? Explain feature of MNCs. 11. Explain the importance of SAARC for its member Country's International Business. Write the objective of SAARC. P.1.0.15842 ‘Na 12. Critically evaluate the need and importance of Trade Strategies of India’s Export- Import policy. Examine its effects. 13. Discuss the different factors impacting international trading environment. PART-C 14. Case Study (Compulsory Question). (1x15=15) Read the following case carefully and answer the questions at the end. Mr. Shankar, 53, was selected as a regional manager by Bata Shoe Organisation in 2006 and was appointed in Bombay. He and his family members were very happy for his quick promotions in Bata. Mrs. Ranjita, Mr. Shankar's wife, strongly believed in Indian Culture, she was typically Indian housewife. A big chatterbox, who spend much of her time in chit chatting with her friends. Mr. Shankar had been innovative in formulating a number of performance appraisal programmes, - cross-cultural training and compensation packages. The management of the company was impressed with his skills and abilities and he was promoted and transferred to its headquarters at Toronto, Canada. Mr. Shankar and his family were very happy to take up the new assignment. They landed in Canada in February2013. The company provided housing, medical and conveyance facilities to Mr. Shankar and his family. Mr. Shankar liked his new job as it was highly challenging and rewarding. In addition, he got a number of opportunities to interact with top executives coming from different countries. He and his family were very much excited with the facilities given by the company. Mr. Shankar became very busy and had little time for his family. Consequently, his wife was forced to spend most of her time in isolation, since, unlike in India no one in Canada spends their time with their neighbours. She could not adjust with this aspect of the western culture in her late 42s she suffered from service depression, and forced her husband to leave the job and the country. Questions: a) Discuss the differences in culture in different countries. b) How cultural factors does affects the international business ? c) What are the correlates of culture ?15843 (AM 0 Ill Semester M.Com. Examination, January 2016 (CBCS) Commerce SC 3 : Management of Nonprofit Organizations Time : 3 Hours Max. Marks : 70 PART-A Answerany five questions. Each question carries 5 marks. (5x5=25) 4. Whatare the distinct features of Nonprofit Organizations ? 2. What does the Public Good theory argue about the emergence of NPOs 2 2 . What is a Social Enterprise ? 4, What are the distinct features of nonprofit accounting ? 5. Whatare the problems of government as a source of funding for NPOs ? 6. Explain the difference between Staff and Volunteer inaNPO. i . What is transparency in the context of governance of NPOs ? 2 }. Explain the concept of Third Sector. PART-B Answerany three questions. Each question carriesten marks. (3x10=30) 9. Critically evaluate any two sociological theories of nonprofit organizations. 10. Evaluate any two sources of funding for NPOs. PIO.15843, {AM 8 11, Examine the important features of recruitment of staff to NPOs. 12. “Democracy and Rule of Law are two important pillars of nonprofit governance”. Elugidate. 43, Examine the concept of ‘market failure’ and ‘government failure’ in the backdrop of emergence of nonprofit organizations. PART-C ‘Answer the following question. It carries 15 marks. (115215) 14. Agroup of like-minded youth wish to start an NPO, with a focus on environment protection activities. All these people are engineering graduates currently working in IT firms in Bangalore. They wish to contribute on their own as well as raise resources from corporate sector to facilitate reduction of noise and air pollution in Bangalore and other major cities of Karnataka, In order to pursue ‘their activities they wish to get a legal status and registration under Foreign Contribution Management Act. You are asked to give them a detailed report recommending the most suitable form of incorporation.15847 HT) Ill Semester M.Com. Examination, January 2016 (Choice Based Credit System) Commerce Elective Group : Business Taxation Indirect Tax Law and Practice Time : 3 Hours Max. Marks : 70 PART—A ‘Answer any five questions from the following. Each question carries five marks. _(6x5=25) 1. Explain the scope for tax planning under Central Excise Act for SSI. . List out the conditions for allowing CENVAT credit under rule 4. . What is refund of CENVAT credit ? When it arises ? Explain. . Explain the different sources of service tax law in India. 2. 3. 4. Explain the structure and objectives of proposed GST in India. 5. 6. Discuss the procedure to claim duty drawback under Customs Act. 7. . The selling price of a product, inclusive of excise duty and sales tax is Rs. 500 per piece. Sales tax (VAT) rate is 4.5%. Tariff rate of excise duty is 10%. However, as per an exemption notification, excise duty payable is 8%. What is the AV, and whatis total duty payable per piece ? 8. An Indian resident visited USA brought following goods after staying 15 days while retuming to India a) His personal effects like cloth etc. Valued at Rs. 50,000 b) Five Liter of liquor of Rs. 2,000 c) New laptop of Rs. 40,000. What is the customs duty payable 715847 2 ‘in PART-B Answer any three questions. Each question carries ten marks. (x10=30) 9. Explain the provisions of Centra! Excise Act 1944 for valuation of Excisable Goods. 10. Explain the importance of different types of duties levying on import of goods under the Customs Act 1962, in India. 11, Acompany imported some goods from LMP Inc. éf United States by air freight. As consultant you are required to compute the value for purchase of customs duty under the Customs Act, 1962 from the following particulars; CIF value - US $ 6,000, freight paid- US $ 2,000, Insurance cost - US $ 700. The bank had received payment from the importer at the exchange rate of US $ 1 = Rs. 67 while the CBEC notified exchange rate on the relevant date was US $ 1= Rs. 67.50 (Make suitable assumption where required and provide brief explanations to your answer). 12. X Bank Ltd., furnishes the following information relating to the services provided and the gross amount received; Merchant Banking service 8 Lakhs, Asset Management (including portfolio management) 3 Lakhs, service charge for service to the government of India 1.5 Lakhs, Interest on overdraft and cash credits 2 Lakhs, Banker to the issue 5 Lakhs, Locker rent 2 Lakhs, Repayment of Financial lease made by the customer to the bank Rs. 80 Lakhs which includes a principal amount of Rs. 50 Lakhs. Compute the value of taxable service tax liability of X Bank Ltd., considering the rate of services tax at 12%. 13. A Garment company manufactured 1000 suits out of which 50% exported to America, 40% are sold in the domestic market and rest of the 10% is in the stock. In manufacturing one suit, 3.5 meters of cloth is required which is purchased at Rs. 1,750 per meter and he adds value of Rs. 3,500 per suit. If excise duty on cloth is 10%, then calculate how much excise duty he has to pay to the government at the end of the month by the company.3 15847 PART-C 14. Case Study (Compulsory). (15%1=15) Compute the duty payable under the Customs Act, 1962 for imported equipment based on the following information : i) Assessable value of the imported equipment US $ 10,100. ii) Date of Bill of Entry 25-04-2015 basic customs duty on this date 20% and exchange rate notified by the Central Board of Excise and Customs US $ 1=Rs. 65. iii) Date of Entry inward 21-04-2015 basic customs duty on this date 16% and exchange rate notified by the Central Board of Excise and Customs US $ 1=Rs. 64. iv) Additional duty payable under Section 3(1) and (2) of the Customs Tariff Act, 1975: 15% v) Additional duty payable under Section 3(5) of the Customs Tariff Act, 1975: 4.5 % Make suitable Assumption where required and show the relevant working and round off your answer to the nearest rupee.15854 il Semester M.Com. Examination, January 2016 Personal Financial Planning Commerce (CBCS) Open Elective Time : 3 Hours Max. Marks : 70 PART-A Answer any five questions. Each question carries five marks. (6x5=25) 1. Differentiate between BSE and NSE. . Write a note on, future value of single amount. Define tax. Mention its features. bh oN . Explain in brief about computation of interest. . Mention the advantages of current account. . Enumerate the types of mutual funds. List out the various types of risks associated with investment. @rnon . Define government bond. Enlist its advantages. PART-B Answer any three questions. Each question carries ten marks. (3x10=30) 9. Explain the functions of Reserve Bank of India. 10. Elucidate various kinds of pension plans. 11. Discuss the significance of personal financial planning. 12. Write a note on (a) Life Insurance (b) Gratuity. 13. Describe the role of liquidity, safety and profitability in personal financial planning. P.T.O.15854 SN PART-C 14. Case study (compulsory) : (1x15=15) Online Banking : “Press 1 to Withdraw Cash, Press 2 to Deposit, Press 3 for Higher Fees” “Wow ! My account balance is a little lower than | expected”. Commented Lisa Cross as she reviewed her monthly bank statement. “Wait a minute! There's nearly $ 20 in fees for ATM withdrawals and other service charges.” She cried out. Many people do not realize the amount they pay each month for various bank fees. These charges result from various services that give customers convenience, reliability and safety. “Oh no! | also went below the minimum balance required for my free checking account,” Lisa groaned. “That cost me $7.50!”. Lisa is not alone in her frustration with fees paid management caused many of these charges, others could be reduced or eliminated by comparing costs at various financial institutions. Many consumers are also upset with slow customer service and long waits in lines. These drawbacks have caused many customers to consider the use of online banking services. Whether using the internet services of your current financial institution or starting an account with a “web” bank you can gain faster access to your account. Other benefits may also be present. Often, costs of online banking services are lower than in traditional settings. Online banking can also mean access to an expanded array of financial services. For example, some online bank accounts include low-cost, online investment trading and instant loan approval. »Lisa believes that online banking services provide her with an opportunity to better control her financial service costs. However, she also has concerns about introductory low costs. Privacy, and security of transaction information. Questions : 1) What benefits might Lisa gain when using online banking services ? 2) What factors should Lisa consider when selecting various banking services ? 3) How well informed are you regarding (a) Online banking services (b) Certificates of depots and other savings plans and (c) Checking accounts and other payment methods ? 4) What actions might you take to better understand the concerns associated with using online banking ?