The Institute of Company Secretaries of India 2010 CS Foundation Business Laws and Management (New ) - Question Paper
2010 The Institute of Company Secretaries of India CS Foundation: Business Laws and Management (New Course): December 2010 University ques. paper
ELEMENTS OF BUSINESS LAWS AND MANAGEMENT
Roll No..........................
154
Time allowed : 3 hours Maximum marks : 100
Total number of questions : 8 Total number of printed pages : 4
(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 true or false. Attempt any five :
(i) Law is static, not dynamic.
(ii) Communication of offer is complete when letter of offer is posted.
(iii) A firm cannot be appointed as director of any company.
(iv) A partly-paid seller is not known as an unpaid seller.
(v) Order instruments can be negotiated by delivery only.
(vi) Wagering agreements are nothing but ordinary betting agreements.
(vii) As per the Indian Partnership Act, 1932, a minor cannot be admitted as a partner in the partnership firm.
(2 marks each)
(b) Re-write the following sentences after filling-in the blank spaces with appropriate word(s)/figure(s) :
(i) Minors___is liable for necessaries provided to him.
(ii) A sub-agent is a person employed by the____.
(iii) An individual, at any point of time, cannot hold directorship of more than ___public companies.
(iv) A cheque must, usually, be presented within___months.
(v) Law means a___of rules.
(1 mark each)
(c) Define the term consideration as per the Indian Contract Act, 1872. Can a stranger to consideration sue upon the contract ?
(5 marks)
2. Distinguish between any three of the following :
(i) Coercion and undue influence.
(ii) General lien and particular lien.
(iii) Sale and agreement to sell.
(iv) Negotiation and assignment.
(5 marks each)
3. Attempt any three of the following :
(i) Summarise the provisions relating to annual general meeting.
(ii) What is a hundi ? Describe some of the important types of hundis.
(iii) Ashok, Vijay and Ganesh are partners in a firm running a chemist shop. Vijay buys three pair of shoes from Sturdy Shoe Store in the name of the firm on credit. Will the firm be liable to make the payment ? Give reasons.
(iv) Explain, in brief, the various methods of crossing of a cheque.
(5 marks each)
4. Attempt any three of the following :
(i) Raman purchases a pastry from Standard Pastry Shop. It contained a piece of stone which broke one of Ramans teeth. What remedy has Raman against the shop-keeper ? Give reasons.
(ii) Anil gives a guarantee to Kamal in January for supply of goods worth Rs.10,000 to Vimal on credit basis. The payment was to be made in April. However, Vimal made the payment in March itself and again took goods on credit basis from Kamal for the same amount but failed to pay. Now, Kamal files a suit against Anil for the payment. Will Kamal succeed ? Give reasons.
(iii) When a banker must refuse payment of a cheque ?
(iv) No one can pass a better title than he himself has. Comment.
(5 marks each)
(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 true or false.
Attempt any five :
(i) Planning is a pervasive function of management.
(ii) Leadership is the same thing as managership.
(iii) Controls are always bad and, therefore, resented.
(iv) Both responsibility and authority can be delegated.
(v) Motivation and morale are conceptually different.
(vi) Coordination is not a function of management.
(vii) A good personnel policy should be both stable and flexible.
(2 marks each)
(b) Re-write the following sentences after filling-in the blank spaces with appropriate word(s)/figure(s) :
(i) Leadership is the activity of____people.
(ii) Chester Barnard is the pioneer of _____________ approach to management.
(iii) Theory-X is based on___assumptions about human nature.
(iv) Henri Fayol has divided all activities of industrial enterprise into _____________
groups.
(v) The English word motivation has been derived from the Latin word ___which means to move.
(1 mark each)
(c) Discuss the importance of communication in management. What are the essentials of effective communication ?
(5 marks)
6. Distinguish between any three of the following :
(i) Formal organisation and informal organisation.
(ii) Financial audit and management audit.
(iii) Recruitment and selection.
(iv) Delegation and decentralisation.
(5 marks each)
7. Attempt any three of the following :
(i) Explain the main steps in the process of decision-making.
(ii) Describe the various essential elements for a good control system.
(iii) Discuss important reasons of resistance to change.
(iv) Explain the term zero base budgeting (ZBB).
(5 marks each)
8. Attempt any three the following :
(i) Explain the four pillars of classical theory of organisation.
(ii) Describe the nature and scope of project management.
(iii) Discuss the rationale of assuming social responsibility.
(iv) Elucidate the principles of direction.
(5 marks each)
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2/2010/EBLM
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