This Paper has 51 answerable questions with 0 answered.
| Roll No………… | |
| Time allowed : 3 hours | Maximum marks : 100 |
| Total number of questions : 8 | Total number of printed pages : 3 |
| PART — A |
| (Answer Question No.1 which is compulsory and any two of the rest from this part.) |
| 1. | (a) | State, with reasons in brief, whether the following statements are correct or incorrect. Attempt any five: | ||||
| (i) | Consideration may move from the promisee or any other person. | (0) | ||||
| (ii) | Goods in return of goods is an acceptable mode of sale of goods. | (0) | ||||
| (iii) | ‘Not negotiable crossing’ means the cheque cannot be further transferred. | (0) | ||||
| (iv) | A shareholder of a private company can easily transfer his shares to anyone. | (0) | ||||
| (v) | A partner can retire in accordance with the partnership deed. | (0) | ||||
| (vi) | A surety must be an adult person. | (0) | ||||
| (2 marks each) | ||||||
| (b) | Attempt any two of the following : | |||||
| (i) | Customs and trade usages. | (0) | ||||
| (ii) | Inchoate or incomplete instrument. | (0) | ||||
| (iii) | Exceptions to the doctrine of caveat emptor. | (0) | ||||
| (iv) | Statutory duties of a Company Secretary. | (0) | ||||
| (5 marks each) | ||||||
| 2. | (a) | "No seller can give to the buyer a better title to the goods than what he himself has." Comment. | (0) | |||
| (5 marks) | ||||||
| (b) | Rahul, Rajesh and Rohit are partners. Rohit is a sleeping partner. He retires from the partnership firm without giving public notice. Is he liable for subsequent debts incurred by Rahul and Rajesh ? Give reasons. | (0) | ||||
| (5 marks) | ||||||
| (c) | Choose the most appropriate answer from the given options in respect of the following : | |||||
| (i) | An agreement which is enforceable by law at the option of one or more parties thereto but not at the option of the other parties thereto is a –– (a) Valid contract (b) Void contract (c) Voidable contract (d) Illegal contract. | (0) | ||||
| (ii) | Threat to commit suicide amounts to –– (a) Coercion (b) Undue influence (c) Misrepresentation (d) Fraud. | (0) | ||||
| (iii) | State whether a person, who is usually of unsound mind but occasionally of sound mind, can make a contract –– (a) Yes, he can always make a contract (b) Yes, but only when he is of sound mind (c) No, he cannot make a contract (d) Can’t be determined. | (0) | ||||
| (iv) | Where the consent of a party to a contract is obtained by misrepresentation of facts, the contract is –– (a) Void (b) Voidable (c) Illegal (d) Valid. | (0) | ||||
| (v) | An unpaid seller is having right against –– (a) Goods only (b) The buyer only (c) Both goods and buyer (d) None of the above. | (0) | ||||
| (1 mark each) | (0) | |||||
| 3. | (a) | Distinguish between ‘shareholders’ and ‘members’ of a company. | (0) | |||
| (5 marks) | ||||||
| (b) | Amar offered to sell his house to Binod for Rs.10 lakh. Binod accepted the offer by e–mail. On the next day, Binod sent a fax revoking the acceptance which reached Amar before the e–mail. Is the revocation of acceptance valid ? Would it make any difference if both the e–mail of acceptance and the fax of revocation of acceptance reach Amar at the same time ? | (0) | ||||
| (5 marks) | ||||||
| (c) | Re–write the following sentences after filling–up the blank spaces with appropriate word(s)/figure(s) : | |||||
| (i) | Agreement, the meaning of which is uncertain is ________. | (0) | ||||
| (ii) | A minor is liable for the ___________ supplied to him. | (0) | ||||
| (iii) | A contract for the sale of ‘future goods’ is __________ . | (0) | ||||
| (iv) | A partner can retire on __________ . | (0) | ||||
| (v) | An unregistered firm cannot claim ____________ . | (0) | ||||
| (1 mark each) | ||||||
| 4. | (a) | When is a surety discharged from his liability ? | (0) | |||
| (5 marks) | ||||||
| (b) | Bijoy obtains Ajoy’s acceptance to a bill by fraud. Bijoy endorses it to Chander who takes it as a holder in due course. Chander endorses the bill to Dev who knows about the fraud. Can Dev recover money from Ajoy ? | (0) | ||||
| (5 marks) | ||||||
| (c) | Mohan leaves his cow in the custody of Sohan to be taken care of until his return from pilgrimage. The cow begets a calf. On Mohan’s return from pilgrimage, Sohan returns the cow to Mohan. Has Mohan any right to receive the calf also from Sohan ? | (0) | ||||
| (5 marks) | ||||||
| PART — B |
| (Answer Question No.5 which is compulsory and any two of the rest from this part.) |
| 5. | (a) | State, with reasons in brief, whether the following statements are correct or incorrect. Attempt any five : | ||||
| (i) | Staff personnel act as an advisory group adjacent to the line personnel. | (0) | ||||
| (ii) | Managerial training programmes are mostly ‘on the job’ programmes. | (0) | ||||
| (iii) | Management development and organisation development are one and the same concept. | (0) | ||||
| (iv) | Managerial control is not exactly similar to the mechanical or electronic control. | (0) | ||||
| (v) | Feedback is essential in improving communication. | (0) | ||||
| (vi) | Responsibility can be delegated. | (0) | ||||
| (2 marks each) | ||||||
| (b) | Write notes on any two of the following: | |||||
| (i) | The scalar principle | (0) | ||||
| (ii) | Employment tests. | (0) | ||||
| (iii) | Coordination – the essence of management. | (0) | ||||
| (iv) | Management audit. | (0) | ||||
| (5 marks each) | ||||||
| 6. | (a) | Discuss the barriers to ‘delegation of authority’ with reference to managers and subordinates. | (0) | |||
| (5 marks) | ||||||
| (b) | Mention the characteristics of a good leadership. | (0) | ||||
| (5 marks) | ||||||
| (c) | Re–write the following sentences after filling–up the blank spaces with appropriate word(s)/figure(s): | |||||
| (i) | Planning is the ___________ of control. | (0) | ||||
| (ii) | In the term ‘TQM’, Q stands for ___________. | (0) | ||||
| (iii) | Management is development of ___________ , not direction of things. | (0) | ||||
| (iv) | A good leader is one who understands his ___________. | (0) | ||||
| (v) | ___________ is known as the father of scientific management. | (0) | ||||
| (5 marks each) | ||||||
| 7. | (a) | Explain the misuse of committees. | (0) | |||
| (5 marks) | ||||||
| (b) | Explain ‘programme evaluation and review technique’ (PERT) for planning and controlling complex projects. | (0) | ||||
| (5 marks) | ||||||
| (c) | Describe the principles of controlling. | (0) | ||||
| (5 marks) | ||||||
| 8. | (a) | Discuss the limitations of planning. | (0) | |||
| (5 marks) | ||||||
| (b) | Distinguish between ‘management self–audit’ and ‘management audit by consultants’. | (0) | ||||
| (5 marks) | ||||||
| (c) | Explain the essentials of sound motivation system. | (0) | ||||
| (5 marks) | ||||||
