Commerce Punjab PMS Paper II 2020

PUNJAB PUBLIC SERVICE COMMISSION

COMBINED COMPETITIVE EXAMINATION

FOR RECRUITMENT TO THE POSTS OF PROVINCIAL MANAGEMENT SERVICE-2020

SUBJECT: COMMERCE (PAPER-II)

TIME ALLOWED: THREE HOURSMAXIMUM 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. Attempt in Urdu or English.

Calculator is allowed (Not programmable).

SECTION-A

Q. No.1Briefly discuss the difficulties faced by Pakistan Railways and discuss their remedies.(20 Marks)

Q. No.2What are the causes of adverse balance of payment in Pakistan? Suggest measures improve the balance of payment in Pakistan. (20 Marks)

SECTION B

Q. No.3Elaborate the salient features of Income Tax Law in Pakistan. (20 Marks)

Q. No.4Define Audit Report How the role of external Auditor h more important than internal Auditor? (20 Marks)

SECTION-C

Q. No.5Give details about Members and Functions of Appellate Tribunal Inland Revenue. (20 Marks)

Define commercial bank and discuss Islamic modes of finances introduced by public and private commercial banks.(20 Marks)

SECTION-D

Q. No.6What is difference between Manager and Leader? Discuss different theories of Leadership. (20 Marks)

Q.No. 8 Mr. Tariq received the following emoluments during the year ended 30th June 2017 (20 Marks)

1 Basic Salary (Rs. 30,000-5,000-60,000) …………….p.m. Rs 40,000

2 Free accommodation provided by employer. He was entitled to a house allowance of 60% of basic salary

3 Cost of motor vehicle (conveyance provided by employer for personal use)…….7,00,000

4 Concessional loan obtained from employer @8% p.a……………30,00,000

5 Free passage 4 tickets provided by an airline to its employees @ 40,000 per ticket

6 Medical allowance………….50,000

7 Dearness allowance………..12,000

8 Income from property…………2,00,000

9 Life insurance premium paid by employee…………1,20,000

10 Income from business……….1,50,000.

11 Dividend received from public company……..10,000

12 Share from Association of person……….25,000