ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER 3
SUBJECT CODE &
NAME
MF0010 & SECURITY ANALYSIS AND PORTFOLIO
MANAGEMENT
BK ID B1754
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Describe the investment process.
Each step carries 2 marks for all the 5 steps 10 10
2 Define primary markets? Define and Explain the role of financial intermediaries.
Definition of primary markets
Definition of financial intermediaries
Role of financial intermediaries
3
3
4
10
3 Define technical indicators and its types and Discuss on Candlestick charts?
Definition of technical indicators
Types of technical indicators
Candlestick charts
2
3
5
10
4 Briefly explain Assumptions of Markowitz Model. Explain Efficient Frontier or
Efficient set.
Explain Assumptions of Markowitz Model
Explanation on Efficient Frontier
2
8
10
5 Explain the assumptions of Capital Asset Pricing Model (CAPM). Give a short note on
Separation Theorem, Capital Market Line(CML) and Security Market Line (SML)
Assumptions of CAPM
Separation Theorem
CML and SML
4
3
3
10
6 Explain the Structure of Mutual Fund Operations. Types of Mutual Fund
Structure of Mutual Fund
Types of Mutual Fund
6
4
10
ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER 3
SUBJECT CODE &
NAME
MF0011 &
MERGERS AND ACQUISITIONS
BK ID B1732
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Explain the types of mergers and acquisitions (M&A).
Each type carries 2 marks. Explanation of 5 types 10 10
2 Explain basic steps in organizing a merger. Explain financial aspects of mergers
Explanation of steps in organizing a merger
Explanation of financial aspects of merger
7
3
10
3 Explain about Management buyouts (MBO), its motives and structure.
Explanation of Management buyouts (MBO)
Motives behind MBO
Structure of a MBO
2
4
4
10
4 Write Short notes on :
Ownership decision
Location decision
Role of government policies in international M&A
Ownership decision
Location decision
Role of government policies in international M&A
3
3
4
10
5 Explain the types of takeovers. Explain defenses against takeover bids.
Types of takeovers.
Defenses against takeover bids.
5
5
10
6 Explain the valuation approaches. Explain the business valuation methods.
Explanation of valuation approaches
Explanation of business valuation methods
5
5
10
ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER III
SSUBJECT CODE &
NAME
MF 0012
TAXATION MANAGEMENT
BK ID B1760
CREDIT 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.
No
Question Marks Total Marks
1
Mr. X (38 year) is employed by A Ltd. as marketing manager in Pune. The following
information is furnished by Mr. X for the previous year ending 31
st
March 2015.
Basic salary Rs. 12,00,000 p.a., DA Rs. 40,000 p.a. (36 % of DA is considered for gratuity and
Pension, but not for Provident fund). Club allowance Rs. 5,000 p.m., Furnishing allowance Rs.
2,000 p.m. and HRA Rs. 40,000 p.m. Conveyance allowance is Rs. 2,000 p.m. which can be used
both for office and private purposes.
Up to August 31, 2014, he resides with his parents and does not pay any rent. From September 1,
2015 he has been allotted a company accommodation at Pune (population 23 lakhs)in lieu of
house rent allowance.
Club allowance has been discontinued from January 1, 2015. And Mr. X has been provided
by the company club facility for private (20 %) and office use (80%). Expenditure by the company
uptil 31
st
March 2015 was Rs. 20,500.
On 20 Nov. 2014, Mr X has taken an interest free loan from the company (SBI lending rate for
Similar loan being 18.5 % p.a.). Mr. X and his employer contribute @ 10 % of his salary to P.F.
Interest Credited by the company in Provident Fund on June 1, 2014 @ 9.7 % is Rs. 2,11,200.
Assuming that income of Mr. X from Other Sources Rs. (-30,000), find out the net income and
liability of Mr. X for the Assessment Year 2015-16.
A
Based on above Compute the taxable income and tax liability
(before deducting TDS) of Ms. X for the A.Y. 2015-16 Rs.
2,600 (being Income-tax refund and Rs. 200 being Interest
thereon):
8
2
10
2 a) How is advance money received against cost of acquisition adjusted ?
b) State giving reasons, whether the following assets are Short term or Long term :
i) X purchases a house on 10
th
March 2012 and transfers on 6
th
June 2014.
ii) Y purchases unquoted shares in an Indian company on 10
th
March 2012 and transfers
on 6
th
June 2012.
iii) Z acquires units of mutual fund on 7
th
July 2013 and transfers those on 10
th
July 2014.
iv) A purchases diamonds on 12 September 2011 and gifts the same to his friend B on 31
st
December 2014 and B transfers the asset on 20 October 2014.
A a) How is advance money received against cost of
acquisition adjusted ?
b) State giving reasons, whether the following assets are
Short term or Long term :
? X purchases a house on 10
th
March 2012 and transfers
on 6
th
June 2014.
? Y purchases unquoted shares in an Indian company on
10
th
March 2012 and transfers on 6
th
June 2012.
? Z acquires units of mutual fund on 7
th
July 2013 and
transfers those on 10
th
July 2014.
? A purchases diamonds on 12 September 2011 and gifts
the same to his friend B on 31
st
December 2014 and B
transfers the asset on 20 October 2014.
2
2
2
2
2
10
3 Ms. A purchases a house property on 1
st
January 1976 for Rs. 95,000. She enters into an
Agreement for sale of the same property to Mr. X on 1
st
November 1983 and receives Rs. 10,000
as advance. Following the demise of Mr. X immediately thereafter, the money was forfeited by
Ms. A. Later Ms. A gifts her property to her friend Ms. B on 15
th
May 1985. The following
expenses are incurred by Ms. A and Ms. B for improvement of the property :
Particulars Cost (Rs.)
Additions of two rooms by Ms. A during 1978-79 25,000
Addition of first floor by Ms. A during 1983-84 40,000
Addition of second floor by Ms. B during 1990-91 1,15,000
Ms. B enters into an agreement for sell the property for RS. 8,50,000 to Mr. P on 1
st
April 1993
after receiving an advance of Rs. 50,000. Mr. P could not pay the balance amount within the
stipulated time of two months and Ms. B forfeits the amount of advance.
Ms. B finally transfers the property to Ms. C for Rs. 14,75,000 on 1
st
December 2014. Given the
Fair Market Value of the property on 1
st
April 1981 being Rs. 1,15,000; Cost Inflation Index for
1981-82 : Rs. 100; for 1983-84 : Rs.116; for 1985-86 : Rs. 133; for 1990-91 : Rs. 182; for
1993-94 : Rs. 244 and 2014-15: Rs.1,024 compute the Capital gains in the hands of Ms. B
for the Assessment Year 2015-16.
A Compute the Capital gains in the hands of Ms. B for the
Assessment Year 2015-16. 10 10
4 i) Ms. Brinda, a U.S. citizen visits India on 1
st
January 2014 to study and conduct research on
Indian folk culture. She has been regularly visiting India for 100 days in the past five
consecutive years to carry the research. Advise the residential status of Ms. Brinda under
extant rules referring to section 6 of the Income-tax Act 1961.
ii) What are the provisions of Advance tax under section 2(1) ?
A
i) Ms. Brinda, a U.S. citizen visits India on 1
st
January
2014 to study and conduct research on Indian folk
culture. She has been regularly visiting India for
100 days in the past five consecutive years to carry
the research. Advise the residential status of Ms.
Brinda under extant rules referring to section 6 of
the Income-tax Act 1961.
ii) What are the provisions of Advance tax under
section 2(1) ?
5
5
10
5 Explain the need of Service tax in India. What are the different approaches to Service tax in
India ?
A
Explain the need of Service tax in India. What are the different
approaches to Service tax in India ? 10 10
6 Mr. X (aged 59 years) furnishes the following Profit and Loss account for the year ended 31
st
March, 2015. Compute the Gross Total Income of Mr. X under respective heads, his Net Taxable
Income and Tax liability in the assessment year 2015-16.
Particulars Rs. Particulars Rs.
General Expenses 13,400 Gross profit 3,15,500
Bad debts 22,000 Commission 8,600
Advance tax 2,000 Brokerage 37,000
Insurance 600 Miscellaneous Income 2,500
Salary to Staff 26,000 Bad Debt Recovery 11,000
Salary to Mr. X 51,000 Interest on Debenture
(Net interest Rs.22,500 + TDS
Rs. 2,500)
25,000
Interest on Cash Credit 4,000 Interest on Fixed Deposits
(Net interest Rs. 11,700 + TDS
Rs. 1,300)
13,000
Interest on loan to Mrs. X 42,000
Interest on Capital of Mr. X 23,000
Depreciation 48,000
Advertisement 7,000
Contribution to Employees’
Provident Fund
13,000
Net Profit 1,60,600
Total 4,12,600 Total 4,12,600
Supplementary information:
Permissible depreciation as per CBDT circular is Rs. 37,300 which includes depreciation of
permanent glow sign board.
i. Advertisement expenditure includes Rs. 3,000, being cost of permanent glow sign board
affixed outside the office premises.
ii. Commission accrued but not received Rs. 4,500 is not credited to P & L Account.
iii. Mr. X pays premium of Rs. 6,000 on his own life.
iv. General expenses includes :
a) Rs. 500 spent for arranging a party for Mr. X’s son who arrives from Canada.
b) Rs. 1,000 for contribution to a political party.
v. Loan availed from Mrs. X was for payment of arrear tax.
A Mr. X (aged 59 years) furnishes the above Profit and Loss
account for the year ended 31
st
March, 2015.
Compute the Gross Total Income of Mr. X under respective
heads, his Net Taxable Income and Tax liability in the
assessment year 2015-16.
10 10
ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER 3
SUBJECT CODE &
NAME
MF0013 &
INTERNAL AUDIT AND CONTROL
BK ID B1733
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Distinguish between Government audit and Specific audit. Explain types of
Government And Specific Audit?
Distinguish between Government audit and Specific audit.
Explain types of Government And Specific Audit?
5
5
10
2 Write the similarity and dissimilarity of Internal and External Audit? Explain the Cooperation between external and internal auditor.
Similarity and Dissimilarity of Internal and External Audit
Co-operation between external and internal Auditor
5
5
10
3 The audit firm follows certain policies and procedures. Explain the quality control
policies adopted by an audit firm.
Explanation of all the 12 points under audit firm 10 10
4 Explain the basic principles of governing internal control
Basic principles of governing internal control 10 10
5 Discuss the specific problems of Electronic Data Processing (EDP) relating to internal
control.
Explanation of all problems of EDP 10 10
6 Explain the factors for having the effective internal control system for a bank.
Explanation of various aspects of having the effective internal
control system
10 10
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER 3
SUBJECT CODE &
NAME
MF0010 & SECURITY ANALYSIS AND PORTFOLIO
MANAGEMENT
BK ID B1754
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Describe the investment process.
Each step carries 2 marks for all the 5 steps 10 10
2 Define primary markets? Define and Explain the role of financial intermediaries.
Definition of primary markets
Definition of financial intermediaries
Role of financial intermediaries
3
3
4
10
3 Define technical indicators and its types and Discuss on Candlestick charts?
Definition of technical indicators
Types of technical indicators
Candlestick charts
2
3
5
10
4 Briefly explain Assumptions of Markowitz Model. Explain Efficient Frontier or
Efficient set.
Explain Assumptions of Markowitz Model
Explanation on Efficient Frontier
2
8
10
5 Explain the assumptions of Capital Asset Pricing Model (CAPM). Give a short note on
Separation Theorem, Capital Market Line(CML) and Security Market Line (SML)
Assumptions of CAPM
Separation Theorem
CML and SML
4
3
3
10
6 Explain the Structure of Mutual Fund Operations. Types of Mutual Fund
Structure of Mutual Fund
Types of Mutual Fund
6
4
10
ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER 3
SUBJECT CODE &
NAME
MF0011 &
MERGERS AND ACQUISITIONS
BK ID B1732
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Explain the types of mergers and acquisitions (M&A).
Each type carries 2 marks. Explanation of 5 types 10 10
2 Explain basic steps in organizing a merger. Explain financial aspects of mergers
Explanation of steps in organizing a merger
Explanation of financial aspects of merger
7
3
10
3 Explain about Management buyouts (MBO), its motives and structure.
Explanation of Management buyouts (MBO)
Motives behind MBO
Structure of a MBO
2
4
4
10
4 Write Short notes on :
Ownership decision
Location decision
Role of government policies in international M&A
Ownership decision
Location decision
Role of government policies in international M&A
3
3
4
10
5 Explain the types of takeovers. Explain defenses against takeover bids.
Types of takeovers.
Defenses against takeover bids.
5
5
10
6 Explain the valuation approaches. Explain the business valuation methods.
Explanation of valuation approaches
Explanation of business valuation methods
5
5
10
ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER III
SSUBJECT CODE &
NAME
MF 0012
TAXATION MANAGEMENT
BK ID B1760
CREDIT 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.
No
Question Marks Total Marks
1
Mr. X (38 year) is employed by A Ltd. as marketing manager in Pune. The following
information is furnished by Mr. X for the previous year ending 31
st
March 2015.
Basic salary Rs. 12,00,000 p.a., DA Rs. 40,000 p.a. (36 % of DA is considered for gratuity and
Pension, but not for Provident fund). Club allowance Rs. 5,000 p.m., Furnishing allowance Rs.
2,000 p.m. and HRA Rs. 40,000 p.m. Conveyance allowance is Rs. 2,000 p.m. which can be used
both for office and private purposes.
Up to August 31, 2014, he resides with his parents and does not pay any rent. From September 1,
2015 he has been allotted a company accommodation at Pune (population 23 lakhs)in lieu of
house rent allowance.
Club allowance has been discontinued from January 1, 2015. And Mr. X has been provided
by the company club facility for private (20 %) and office use (80%). Expenditure by the company
uptil 31
st
March 2015 was Rs. 20,500.
On 20 Nov. 2014, Mr X has taken an interest free loan from the company (SBI lending rate for
Similar loan being 18.5 % p.a.). Mr. X and his employer contribute @ 10 % of his salary to P.F.
Interest Credited by the company in Provident Fund on June 1, 2014 @ 9.7 % is Rs. 2,11,200.
Assuming that income of Mr. X from Other Sources Rs. (-30,000), find out the net income and
liability of Mr. X for the Assessment Year 2015-16.
A
Based on above Compute the taxable income and tax liability
(before deducting TDS) of Ms. X for the A.Y. 2015-16 Rs.
2,600 (being Income-tax refund and Rs. 200 being Interest
thereon):
8
2
10
2 a) How is advance money received against cost of acquisition adjusted ?
b) State giving reasons, whether the following assets are Short term or Long term :
i) X purchases a house on 10
th
March 2012 and transfers on 6
th
June 2014.
ii) Y purchases unquoted shares in an Indian company on 10
th
March 2012 and transfers
on 6
th
June 2012.
iii) Z acquires units of mutual fund on 7
th
July 2013 and transfers those on 10
th
July 2014.
iv) A purchases diamonds on 12 September 2011 and gifts the same to his friend B on 31
st
December 2014 and B transfers the asset on 20 October 2014.
A a) How is advance money received against cost of
acquisition adjusted ?
b) State giving reasons, whether the following assets are
Short term or Long term :
? X purchases a house on 10
th
March 2012 and transfers
on 6
th
June 2014.
? Y purchases unquoted shares in an Indian company on
10
th
March 2012 and transfers on 6
th
June 2012.
? Z acquires units of mutual fund on 7
th
July 2013 and
transfers those on 10
th
July 2014.
? A purchases diamonds on 12 September 2011 and gifts
the same to his friend B on 31
st
December 2014 and B
transfers the asset on 20 October 2014.
2
2
2
2
2
10
3 Ms. A purchases a house property on 1
st
January 1976 for Rs. 95,000. She enters into an
Agreement for sale of the same property to Mr. X on 1
st
November 1983 and receives Rs. 10,000
as advance. Following the demise of Mr. X immediately thereafter, the money was forfeited by
Ms. A. Later Ms. A gifts her property to her friend Ms. B on 15
th
May 1985. The following
expenses are incurred by Ms. A and Ms. B for improvement of the property :
Particulars Cost (Rs.)
Additions of two rooms by Ms. A during 1978-79 25,000
Addition of first floor by Ms. A during 1983-84 40,000
Addition of second floor by Ms. B during 1990-91 1,15,000
Ms. B enters into an agreement for sell the property for RS. 8,50,000 to Mr. P on 1
st
April 1993
after receiving an advance of Rs. 50,000. Mr. P could not pay the balance amount within the
stipulated time of two months and Ms. B forfeits the amount of advance.
Ms. B finally transfers the property to Ms. C for Rs. 14,75,000 on 1
st
December 2014. Given the
Fair Market Value of the property on 1
st
April 1981 being Rs. 1,15,000; Cost Inflation Index for
1981-82 : Rs. 100; for 1983-84 : Rs.116; for 1985-86 : Rs. 133; for 1990-91 : Rs. 182; for
1993-94 : Rs. 244 and 2014-15: Rs.1,024 compute the Capital gains in the hands of Ms. B
for the Assessment Year 2015-16.
A Compute the Capital gains in the hands of Ms. B for the
Assessment Year 2015-16. 10 10
4 i) Ms. Brinda, a U.S. citizen visits India on 1
st
January 2014 to study and conduct research on
Indian folk culture. She has been regularly visiting India for 100 days in the past five
consecutive years to carry the research. Advise the residential status of Ms. Brinda under
extant rules referring to section 6 of the Income-tax Act 1961.
ii) What are the provisions of Advance tax under section 2(1) ?
A
i) Ms. Brinda, a U.S. citizen visits India on 1
st
January
2014 to study and conduct research on Indian folk
culture. She has been regularly visiting India for
100 days in the past five consecutive years to carry
the research. Advise the residential status of Ms.
Brinda under extant rules referring to section 6 of
the Income-tax Act 1961.
ii) What are the provisions of Advance tax under
section 2(1) ?
5
5
10
5 Explain the need of Service tax in India. What are the different approaches to Service tax in
India ?
A
Explain the need of Service tax in India. What are the different
approaches to Service tax in India ? 10 10
6 Mr. X (aged 59 years) furnishes the following Profit and Loss account for the year ended 31
st
March, 2015. Compute the Gross Total Income of Mr. X under respective heads, his Net Taxable
Income and Tax liability in the assessment year 2015-16.
Particulars Rs. Particulars Rs.
General Expenses 13,400 Gross profit 3,15,500
Bad debts 22,000 Commission 8,600
Advance tax 2,000 Brokerage 37,000
Insurance 600 Miscellaneous Income 2,500
Salary to Staff 26,000 Bad Debt Recovery 11,000
Salary to Mr. X 51,000 Interest on Debenture
(Net interest Rs.22,500 + TDS
Rs. 2,500)
25,000
Interest on Cash Credit 4,000 Interest on Fixed Deposits
(Net interest Rs. 11,700 + TDS
Rs. 1,300)
13,000
Interest on loan to Mrs. X 42,000
Interest on Capital of Mr. X 23,000
Depreciation 48,000
Advertisement 7,000
Contribution to Employees’
Provident Fund
13,000
Net Profit 1,60,600
Total 4,12,600 Total 4,12,600
Supplementary information:
Permissible depreciation as per CBDT circular is Rs. 37,300 which includes depreciation of
permanent glow sign board.
i. Advertisement expenditure includes Rs. 3,000, being cost of permanent glow sign board
affixed outside the office premises.
ii. Commission accrued but not received Rs. 4,500 is not credited to P & L Account.
iii. Mr. X pays premium of Rs. 6,000 on his own life.
iv. General expenses includes :
a) Rs. 500 spent for arranging a party for Mr. X’s son who arrives from Canada.
b) Rs. 1,000 for contribution to a political party.
v. Loan availed from Mrs. X was for payment of arrear tax.
A Mr. X (aged 59 years) furnishes the above Profit and Loss
account for the year ended 31
st
March, 2015.
Compute the Gross Total Income of Mr. X under respective
heads, his Net Taxable Income and Tax liability in the
assessment year 2015-16.
10 10
ASSIGNMENT
DRIVE SPRING 2016
PROGRAM MBA
SEMESTER 3
SUBJECT CODE &
NAME
MF0013 &
INTERNAL AUDIT AND CONTROL
BK ID B1733
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Distinguish between Government audit and Specific audit. Explain types of
Government And Specific Audit?
Distinguish between Government audit and Specific audit.
Explain types of Government And Specific Audit?
5
5
10
2 Write the similarity and dissimilarity of Internal and External Audit? Explain the Cooperation between external and internal auditor.
Similarity and Dissimilarity of Internal and External Audit
Co-operation between external and internal Auditor
5
5
10
3 The audit firm follows certain policies and procedures. Explain the quality control
policies adopted by an audit firm.
Explanation of all the 12 points under audit firm 10 10
4 Explain the basic principles of governing internal control
Basic principles of governing internal control 10 10
5 Discuss the specific problems of Electronic Data Processing (EDP) relating to internal
control.
Explanation of all problems of EDP 10 10
6 Explain the factors for having the effective internal control system for a bank.
Explanation of various aspects of having the effective internal
control system
10 10
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