Commerce Punjab PMS Paper II 2023

PUNJAB PUBLIC SERVICE COMMISSION
COMBINED COMPETITIVE EXAMINATION
FOR RECRUITMENT TO THE POSTS OF
PROVINCIAL MANAGEMENT SERVICE, ETC.-2023
CASE NO. 1C2024

SUBJECT: COMMERCE (PAPER-II)
TIME ALLOWED: THREE HOURS MAXIMUM MARKS: 100

NOTE:
i. All the parts (if any) of each Question must be attempted at one place instead of at different places.
ii. Write Q. No. in the Answer Book in accordance with Q. No. in the Q. Paper.
iii. No Page/Space be left blank between the answers. All the blank pages of Answer Book must be crossed.
iv. Extra attempt of any question or any part of the question will not be considered.

Attempt Five Questions in All. Calculator is allowed (Not programmable).

Q No. 1: What are the problems of cottage & small scale industries? Also explain the role of SMEDA for promotion of these industries? (20 Marks)

Q No. 2: Define audit risk? What are the different types of audit opinions which the auditor can give in the auditor report? (20 Marks)

Q No. 3: Briefly explain different kinds of companies? Also explain the difference between public limited company and private limited company (20 Marks)

Q No. 4: How is the management structure of a partnership company different from the management structure of a limited company? Explain. (20 Marks)

Q No. 5: What is the Letter of Credit? Discuss the uses, types and the procedure of Letter of Credit. (20 Marks)

Q No. 6: Management philosophies and principles remain same all over the world but management practices vary from region to region and organization to organization. As culture plays very important role in management practices, discuss how does it so? (20 Marks)

Q No. 7: What do you know about the scientific management? Who gave this concept? What contributions it has in management practices? (20 Marks)

Q No. 8: Define leadership and explain why the “leadership” is much important for managers than other skills of management? (20 Marks)