16943l7rrSl.No.

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ilrlflrulrriln! M-1579

(Schemer CBCS)

COMMERCEHC: Capital Market Instruments

Time:3 Hours lhx. Marks:70INtruction: StalisticayFinancial lbblq and C.lcuhtors Dermitted insidc thc

eranination hall,

Answer any five of the following. Each qu€stion carries five nrrks. ts x 5 = 2tl/. Define the tem 'securitisation'. What de$e maiorwDes ofsecuritiestraded

II - Semester M.Com, Examination, June /JUtrv - 2017

Whar a.e ADRS and GDRS?

Explain .he majn features ofETFs.

What are the tunctions of derivatives market?

Distinguish between a futures contract and an oplions contmcr.

What;s interest rate swap? Explain its basic structure.

A company is planning to sell Zero Coupon Bonds for {inncins ils projecrs.

It is evaluating two series ZCB A ed ZCB B . The matutit value ofZCB A is

Rs. 5000 and rhat ofzcB B is Rs. 10,000. zcB A matures in 4 years ftomnow and cm be sold at a discount of40 pc. ZCB B nstures in 5 years and

can b€ sold at a discount of36 Pc. Which oltbe two you would suggest?

A corunodiry is cur.ently seUing in the spot m&ket at a price ofRs. 2750lq.

What is its theoretical fair futures price, given rhat r;sk free rate is 8%

(conlinuously compounded) and cost of carry Rs.310/q and T=4 months_

PI,O.

3l7ll ]}4-l579ADsw€r atry 3 questions, f,sch quesrion carri€s t0 r|arks, 13 x l0 = 3019. Why does corporares issue debt securilies? Discuss the recent trends.10. Whalare'fulures l Exptain rheir merirs and timtradons.ll. Illustmte the concept of intrins;c, value and ,1ime wlue! ofoptio.s conrracts.I 2. EPS Ltd. is a newty esrabtished company. It is curren y paying a djvidend of

Rs. 14 pershare. The retum on inveshent ofthe company will be d 20 pcper annum in rhe first fou. years. Ther€after, it is expecred to be consranl at14 percent per annum. The company,s dividend payout poiicy is const nr at50 Pc. The marker requires a 10 percenl retum on lhe conpany,s stock.Whar is &e present value ofsroik?

13. At ader in siock ma.ket has w nen acalt option on ytjs stock on NSEatapremium ofRs.45 (Srrike p.ice=K=Rs.l 100). The call oprions expire in 3nonths iion now .What is the bEp for the trader? Ifthe rheodical pricerangeofYES srock is Rs. 0, 200, 400............. to Rs.3000,whatis the payoffproflle ofopfion for the hder? Draw a schemadc diagram showing the results.

PART.C

14. Case Study : (Conpursory) lr x rs =151

Ms. Banuisworkingas CFOofpss CottonMjllsLtd. She obseped that thecompany is facing interest .ate and cunency risks due to ils high financialreverase and expods business rcspectivety. The company is also facins riskoffluctuating priceofmw cohon which is the ndin rawmateri.lused bv ir.Bur dle Company is hard ty using derivar ives torconrro ing risk!. HoederMs. Banu was abletocondncethe management to use rhe dedvalives marketfo. hedging ihe risks, including raw co$on price €xposu.e.

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3r7llrbe company,spraclice is to procurc rawcotton on th","#;1,13.?budget. Ar the beginning of firsr quarter on t,,April rhe MiI planned b buyi 20 tons of cotton in June. June cotton firtu.es are rraded today (i.e. t i Aprit)at NCDEX at a price ofRs. 87,000 per tor. The sft ofeach tutures conlracton NCDEX h t0 rons. The margin money required to be deposited is 8% oftotal value of futures contracts.

a) What derivatives Ms.Banu can use ro minjmize me exchange mte risk?

b) Wlat derivatives Ms.Banu can use to minimize the rnt€resr mte risk?

c) Whar derivatives Ms.Bamican use to minimize tne price risk?

d) What position Ms.Banu will be raking in rhe tutures market? How manycontmcrs she needs ro take? How much margin money sne has to depositwith the dearing house? Suppose the cono. p.ic€ rcse to Rs.98,600/tonat the tirne of expj.y ofjune futures contract. Is the Milt benefiled bytaking turrlres cont.act? Justiry your answer.

e) lllusrrate Lhe M2M proceaure using the aUo,e tururesco racr.

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3t712SLNo. i L r,l

PART - A

iilfililrmil M-1580

II Semester M.Com.Degree Examination' June/July - 2017(Scheme : CBCS)

COMMERCEHC : Human Resource Management

Answcr atry five qucsfions. f,ach question carries 5 n,rlG. [5 x 5 = 251

L Wlat de ihe functions ofHuman Resource Management?

2. Differentiate beNcen pla@mant ad induction

3. Explain the essediah ofaSood selecfion procedure.

4. Motion the causes of industrial d;Sputes.

5. Distinguish promofion and irmsfer

6. Explain thc concept oftraining and evaluation

7. \\ftat is man power planning? How is it done?

8. Compdo tmditional and modem human resourcc managemenl

PART-B

Answer ey three questions. Each queslion canies I 0 narks. 13 x l0 = 301

9. Discuss any tlvo modcm methods ofpcrlormance appmisal.

10. Critically exanine the evolution and present state ofhuman resourcc

mmagehent in lndia.

I L Design a process for promofing inlemal candidates.

12. Distinguish betwecn lraining and development. How to measure thc

eficcliveness of training programs.

ll. Discuss thc significance of rcward syslcm inan orSanization.

PLA

31712IASLC

M-1s80

ll \ 15 =l5l14. Case Study: (Compukory)

Mrs. Krupa Devi worked for 20 vca$ in lfte Horlicks Biscuits Ltd shcjoincd

very .ccenlly the Nuhine Bis.uils Ltd as the production manager, she was

supposcd lo altcnd a rouline dcpaimcnlal hcads mccling lall ltiday al:110

p.m.. which was presidcd over by the mana8ing dircctoroflhc companv Shc

did nol attend fte meedng as there wd no formal or inlormal communication

ro her, the managing director d;dn't like her abse'ce as therc were manv

important items to be discussed regarding production depanment, Mrs KruPa

Devi was callcd by fte mrnaging director on the nexl dav and asked explanalion

for not altending the neeting Mrs. Krupa Dcvi rcplies that therc was no

information. ihe secretary said that it wa a roulinc me€ting and as such

information was not snl to any departmentai head But all other h€ads, cxcepl

Mrs. Krupa Dev;, attended lhe meeting

Oueslionsl

a) V/ho is responsible for the oc.urence ofsuch a mislake?

b) Find our fte redon for the incident. How do vou Propose to solvc such

problems in firtre?

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31713Sl.No. 16 9 4

tlltxilflilfiNl M-1581

Il Semester M,Com. Degree Examination. June/July - 2017(Choice Based Credit System)

COMMERCEHard Core; Organisational Behaviour

Timc : I llouB

P3BL4Answer any fivc qustioDs. Esch que$ion carries fivc mrrk. 15 x 5 = 2sl

l. Dxplain the concept of individual differences and ils relevance to the sludy oIOtgeisalional Behaviouf .

2. what do you mean by informal organisation? Narmte its featurcs.

3. Define rhe &rm PeBonalit Dstinguish betworn bpcA and Typc B pc$onalily.

4. Dxplain the Pavlov's theory ofleaming.

5. IxplainHygiene-Motivatimtheory

6. Wha! do you mcan by g.oups? Explain their chmcteristics-

7. Dxplain the process ofconnunication.

8. Bringoutthe aaditional and modemviews ofconflict.

EABEEAnswcr any thrce queslions. Each quesfion cmies ten marks [3 x r0 = 301

9. llxplain the conlributions ofvarious disciplines to the field ofOrganisational

10. Discuss S;gmmd Freud'sPsycho-anallic theory ofpcrsonaliry Whalarc its

I L What are alliludes? Explain the deicrminants ofAtritudes.

12. Compare Maslowt theory of motivation wirh Herzberg theory

13. Discuss the impo.tdt reasons for inter-group conflicts.

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PTA

31713

14. Ca$ Study : Conptrlsory

M-1581PART-C

I Read the following cas€ and

Su$n Hairi.gton conlinued to

Ir x 15 =rsl

answer the questions givcn ai thc cnd.

drum her fingers on her desk. She had a

prcblem and wasnl su.ewhatto do nex1. She had a lot ofconfidence in

J&k Reed, but shc suspecled she was about tle ldt person ir thc olficc

whodid. Perhaps ifshe rd thrcush tho enlire slory agajn inher mind sh€

would see the solution.

Susan had bccn dislribution mlanager for Clarkston Induslries for almosl

lwenly yea.s. An carly brush w;th the law dd a short stay in pnson had

made her realiie the importance of honesty and hard work. Hemf

Claiksion had given her a chance despire her record, and Susan had

made thc mosl ofit. She now was one oflhe hosl.espected meagere

;n thc conpany. Few people kncw ber backsround.

Susan had hircd Jack Rced liesh oul ofprison six months ago. Strsan

understood how Jack fell when Jek tri€d to cxplain his pasl and askcd

for anorher chance. Susan decided lo eive him that chance j ust as I lenry

Cldkston had given her ooe- Jack eagerly acccpled ajob on thc loading

docks and could soon load atruck as fast as anyone hihe crcw

'l hinss had sone well ar fist. Everyone seemed to like Jack, and he

made severalncw fticnds. Susan had bcen vagu€ly dislurbcd aboul rwo

months aao, howcver, when arcther dock worker leponed |is waller

missing. She contronted Jack about this and was rcassred when Jack

undeNrood her concem ed emesdy but calmly asserled his innocence.

Susan was especially relicved whcn thc wallcl was found a fcw days

31713 M-l581llE evenls of lasr week, howcver, had caus€d serious rrouble. first, a newpeBonnel clerk had come across recods about Jack,s past while updatinsemployee files. Assluning that the iifomation was conrmon knowtcdge, rhecle* had mentioned to severat employees whal a Aood thing it was to give ex-convicb like Jack a ctrance. The next day, someone in bookkeepins discovuedsome money missna ftom peny cah. Anorher wo.ker ctaimed ro have secnJack in the a.ea around the office srrongbox, which was open durjng wo.kihghours, edJic. that sanc day.

Most people assuDed Jack *?s ihe thiet Even lhe worker whose waller hadbeen misplaccd suggested thd p€.haps Jack had bd€ed sbien it bur hadretumed ir when quesrioned. Seve.al enployees had approached Susan andrcquested that Jack be fired. Memwlile, when Sustu had discussed thep.oblem with Jack, Jack had been dcfensive and suuen and said linle abourthe pety-cash siruarion orher lhan 10 deny srealing tfie money.

To her dismat Susan found that rethinking the story did lille ro solve hisproblem. Should she fire Jack? The evidence, of course, was purctycircuDstantial, yet everybody elsc seeme.t to see things quite ciearly. Susmfcared thar ifshe did nol fire Jack, she would tose cveryore,s trust and thalsomepeople migli even beginroqueslion her own motives.

a) Explain rhe events in thispe.sonalily play a roie?

case in rems of percepr ion and artirudes. Docs

b) Wlat should Susan do? Should sle fi.e Jack or sive hin another chocc?

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31715Sl.No. L54 4

tlilqffrlllllilil M-1583

II - Semester M.Com. Dxamination, JundJuly - 2017(Scheme CBCS)COMMERCE

Strategic ManagementTine: .] Houn Max. llarks : 70

PART - A

ADswer atry fiv€ qu€stions. Each quesfior carries 5 marks. 15 x 5 = 251

L Give a briefnote on shateAic managem€nr concept.

2. Briefly explain the corcept of ETOP.

l. What are the b€nefits of strale$/ mapping?

4. Describe stmtegy implementation and execution.

5. Wr;1e a shon note on Baldced Scor€ Cad.

6. Whar is Ethics? Why is it imponanr in srrategic manag€ment?

7. Explain diferent t)"es ofbusiness models.

8. What is organiation anarchy?

PART-B

Answer any thre€ qu€slions. Each question cades len marks 13 x 10 = 301

9. Describe rhe strategic manageinen! process with illustration.

I 0. How corpode level strategies are diff€r€nl forn opera.ionat ievel strategies?

Explain with examples.

11. Discuss the advoiages and disadvaniages ofdiffeEntiation strategies in pr€s€nt

competitive world.

I 2. Conrnent on the inportarce oflead€rship in sl.ateg/ inplenentation.

13. Describ€ the factors affecting the success ofE- Cotunerce.

PT,O.

3l7ls M-ls83PART-C

14. C,se Srudy Colnputsoryl ll r t5 =t sl

E-Kin has expanded its businesses and is gro ng exponentjaly. Th€irproc€ssfor delivering cusrom designed rean and individual sportswea overlhe Intemerhas aliowed rhen to esrablish a niche in rhe darket wirh a unique productmNeled by rhe compeLnion. h-Kin s dB to capiralize on rhjs presenl posirion.so Ke! E. Sellil, rhe Sates and Markerine Director, has decided to look for away lo obtain a new foun&tion of custome.s quickly so they can use thisunique process and capitalize on consumer interesis. Ken E. Selljt discoversa relatively new compoy, Kobeer, Inc. They de an Intemet $artup compdywith a very simila. market base. Ken E. Se it conv;nces the Marketinsdepartnenl to purchase the cusromer darabase fiom Kobeer. Tlis purchaserequires the expense of75% ofE-kin,s armual marketing budgel. How€veathe team feels it is a good investmenl thar a ows E_kin ro penelrate a newcustomer base quickly. They purchase rhe tist.

Within one week ofthe fi6r maiting. E-kin begins ro receive comptainrsfiom people uanling to be raken offofrhe tLr and wanrinS ro kno$ how rheygot on the list in the first place_ This issue is sidetracked by ihe excellentretum they are seeins. The list alone has broushr a l0% increase in newcustomers in rhe first week. However the complaints still keep coming. Nowthis has the attention ofKen E. Selit. Hedec;des ro look in1ofiep.oblenandcodact Kobe€r. To his surprise Kobeer is now detuncr. They have declaredbmkuptcy and tle company assets have been sotd oiI.. With no recoune onhow the list was obrained by Kobeer Ken and seveBl ofhis rop researchersbesin their own investigarion. The team sarnpted 2% ofthe database durinsLhe spd oflwoweeks. They discovered hat theconsumers on rhe tisr nevqgave permission to hav€ fteir personal info,marion used for neketine orsales purposes. Ahhough hecan noLsccuEr,elyconfirm rhis, but Ken betirvesthat Kobeer gathered rhe customef jnfomalion through an illesal rracking

31715 M-l583mechanisn. He suspecrs that Kobeer compiled the list by using cultomerfnancial t"nsaction history snd they illegally obtained credirreport in orderto determine the financial h€lth ofeaoh customer befor€ mark ting rheirspecialize products. This was all done without customer consent.

Questiors:

L should Ekh continue to use th€ lisr ofn nesknomngtharpermissionwar nev€r granted to us€ the infonnation?

2. Is E-Kin ethically r€sponsibte for the use ofthe database, knowing tha.Kobe€r oub-ight dec€ived thedp Defend your answer.

3. Discuss rhe ethical issues involved in iniemer busrness. models.

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