Degree 1st sem: BOM important Questions

BOM important Questions – Degree semester 1

UNIT 1: Introduction

Short Answer Questions:

1. Define Commerce.
2. Partnership Deed.
3. Cooperative Society/Corporate Social Responsibility .
4. Types of aids to Trade.
5. Mitakshara and Dayabhaga.
6. Karta

Long Answer Questions:

1. What is industry? Explain the types of Industries? ***
2. What is Business? Explain its functions/objectives ***
3. Define Partnership.  Explain its advantages and disadvantages.***
4. What is Limited Liability Partnership? Explain its features.
5. Define Sole Trading Concern. Explain the characteristics of Sole Trading Concern.

UNIT 2: Joint Stock Company

Short Answer Questions:

1. Statutory Company.
2. Articles of Association.
3. Prospectus.
4. Incorporation/Registration of a Company.

Long Answer Questions:

1. Define a Join Stock Company. Statue the features of Joint Stock Company ***
2. Write the differences between Public Limited Company & Private Limited Company ***
3. What is Memorandum of Association? Explain its contents/clauses. ***
4. Define Company and state the various stages in the formation of a company
5. Differences b/w MOA & AOA

Degree 1st Sem: BOM Previous Question Papers

UNIT 3: Functions of Management

Short Answer Questions:

1. Levels of Management.
2. Managerial Skills.
3. Qualities of a Manager.
4. Top Level Management.
5. Leader vs Manager

Long Answer Questions:

1. Define Management. Explain the functions of Management.***
2. Discuss the Principles of Management. ***
3. Explain the various principles of Management as advocated by Henry Fayol. ***

UNIT 4: Planning and Organising

Short Answer Questions:

1. Planning.
2. Management by Objectives (or) management by Exception.
3. Line and Staff Organization.
4. Span of Supervision.
5. Management by Excpetion.
6. Short & Long term plans.

Long Answer Questions:

1. What is Plan and Planning? Explain different types of Plans/ Characteristics. ***
2. Define Planning. Explain the advantages and disadvantages ***
3. What is MBO? Explain the steps in the process of MBO
4. What is an organisation? Explain the Principles of Organization. (or) Explain formal and informal Organizations. 

UNIT 5: Authority, Coordination & Control

Short Answer Questions:

1. Authority vs Power.
2. Coordination.
3. Control.
4. Elements in Delegation.

Long Answer Questions:

1. Explain the concepts of Authority, Power, Responsibility and Accountability. ***
2. Explain the various techniques of effective coordination. ***
3. What is Delegation of Authority? Bring out the differences b/w Delegation & Decent ***
4. Explain the concept of control and bring out the steps in control process***
5. What are the requirements of a good control system.