UPSC Civil Services Main 2020 Commerce & Accountancy Paper I PDF

Central Government Jobs Other Jobs 2020

  • Year 2020
  • Conducted By UPSC
  • Questions 8
  • Maximum Marks 250
  • Duration Three Hours
  • Languages Hindi & English

Exam Details

Detail Information
Examination Civil Services (Main) Exam
Year 2020
Conducting Body UPSC
Paper Commerce and Accountancy Paper - I
Subject Commerce and Accountancy
Duration Three Hours
Maximum Marks 250
Number of Questions 8
Question Type Mixed

This is the Commerce and Accountancy Paper I from the UPSC Civil Services (Main) Examination held in 2020. The paper carries a maximum of 250 marks and is allotted a time duration of three hours. It consists of eight questions divided into two sections, with candidates required to answer five questions in total. Questions 1 and 5 are compulsory, and at least one question must be attempted from each section. This paper is crucial for candidates specializing in Commerce and Accountancy, providing a valuable resource for understanding the exam's scope and difficulty level.

Major Topics Covered

  • Commerce
  • Accountancy
  • Net Profit
  • Cash from Operating Activities
  • Fixed Assets
  • Cost Control
  • Cost Reduction
  • Business Loss
  • Auditing
  • Banking Company Accounts
  • Share Capital
  • Issue of Shares

Why This Paper is Important

  • Useful for Civil Services (Main) Exam preparation
  • Helps understand the latest exam pattern
  • Useful for practice and self-assessment
  • Covers frequently asked General Studies topics
  • Helpful for analysing question trends

Related Resources

  • Commerce and Accountancy Paper - II
  • General Studies Paper - I
  • General Studies Paper - II
  • General Studies Paper - III
  • General Studies Paper - IV
  • UPSC Civil Services Main 2020 Commerce and Accountancy Paper I Answer Key
  • UPSC Civil Services Main Commerce and Accountancy Syllabus
  • UPSC Civil Services Main Exam Pattern

Instructions

  • पुस्तिका के मुख-पृष्ठ पर निर्दिष्ट स्थान पर किया जाना चाहिए।
  • उल्लिखित माध्यम के अतिरिक्त अन्य किसी माध्यम में लिखे गए उत्तर पर कोई अंक नहीं मिलेंगे।
  • प्रश्नों में शब्द सीमा, जहाँ विनिर्दिष्ट है, का अनुसरण किया जाना चाहिए।
  • यदि आवश्यक हो, तो उपयुक्त आँकड़ों का चयन कीजिए, तथा उनको निर्दिष्ट कीजिए ।
  • प्रश्नों के उत्तरों की गणना क्रमानुसार की जाएगी ।
  • यदि काटा नहीं हो, तो प्रश्न के उत्तर की गणना की जाएगी चाहे वह उत्तर अंशतः दिया गया हो ।
  • प्रश्न-सह-उत्तर पुस्तिका में खाली छोड़ा हुआ पृष्ठ या उसके अंश को स्पष्ट रूप से काटा जाना चाहिए ।

  • There are EIGHT questions divided in TWO SECTIONS and printed both in HINDI and in ENGLISH.
  • Candidate has to attempt FIVE questions in all.
  • Question Nos. 1 and 5 are compulsory and out of the remaining, any THREE are to be attempted choosing at least ONE question from each section.
  • The number of marks carried by a question/part is indicated against it.
  • Answers must be written in the medium authorized in the Admission Certificate which must be stated clearly on the cover of this Question-cum-Answer (QCA) Booklet in the space provided.
  • No marks will be given for answers written in a medium other than the authorized one.
  • Word limit in questions, wherever specified, should be adhered to.
  • Assume suitable data, if considered necessary, and indicate the same clearly.
  • Attempts of questions shall be counted in sequential order.
  • Unless struck off, attempt of a question shall be counted even if attempted partly.
  • Any page or portion of the page left blank in the Question-cum-Answer Booklet must be clearly struck off.

Questions (page 2)

Section A

Q1. Answer the following in about 150 words each:
निम्नलिखित प्रश्नों में से प्रत्येक का उत्तर लगभग 150 शब्दों में दीजिए :

(a) Distinguish between Net Profit and Cash from Operating Activities.
शुद्ध लाभ और प्रचालन क्रियाकलापों से रोकड़ के बीच विभेदन कीजिए।

(b) What are the various components of cost of fixed assets ?
स्थिर परिसंपत्तियों की लागत के विभिन्न घटक क्या हैं ?

(c) Distinguish between cost control and cost reduction.
लागत नियंत्रण और लागत में कमी के बीच विभेदन कीजिए।

(d) State the provision of law relating to carry forward and set off of business loss.
व्यवसाय में हानि को आगे ले जाना और समंजन (हानि का निपटारा करना) से संबंधित कानूनी प्रावधानों का वर्णन कीजिए।

(e) Discuss the special points that an auditor would take into consideration while auditing the accounts of a banking company.
बैंकिंग कम्पनी का लेखा परीक्षण करते समय एक लेखा परीक्षक जिन विशेष बिन्दुओं पर विचार करेगा उनका विवेचन कीजिए ।

Section A

Q2.

(a) जेड लिमिटेड ने एक सूचीपत्र जारी किया जिसमें 2,00,000 ईक्विटी शेयर को प्रति शेयर ₹10 का प्रस्ताव निम्नलिखित शर्त्तों पर किया :
आवेदन के समय ₹1 प्रति शेयर
आबंटन के समय ₹5 प्रति शेयर (₹2, प्रीमियम के साथ)
पहली मांग पर ₹3 प्रति शेयर (आबंटन के 3 महिने बाद)
अंतिम मांग पर ₹3 प्रति शेयर
(पहली मांग के 3 महिने बाद)
23 अप्रेल को 3,27,000 शेयरो के लिए आवेदन रुपये मिले और 30 अप्रैल को इस प्रकार आबंटित किए गए ।
शेयर आबंटित
(i) पूर्ण आबंटन 38,000
(ii) आवेदन के 2/3 शेयर आबंटित 1,60,000
(iii) आवेदन के 1/4 शेयर आबंटित 2,000

ZED Limited issued a prospectus inviting applications for 2,00,000 equity shares of ₹10 each on the following terms:
At the time of application - ₹1 per share
At the time of allotment - ₹5 per share (₹2, with premium)
On first call - ₹3 per share (3 months after allotment)
On final call - ₹3 per share
(3 months after first call)
Applications for 3,27,000 shares were received on April 23 and allotted on April 30 as follows:
Shares Allotted
(i) Firm allotment 38,000
(ii) 2/3 of applied shares allotted 1,60,000
(iii) 1/4 of applied shares allotted 2,000

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Frequently asked questions

What is the name of the exam?

The exam is the Civil Services (Main) Exam.

Which paper is this?

This is Commerce and Accountancy Paper - I.

What is the conducting body?

The conducting body is UPSC.

What is the maximum marks for this paper?

The maximum marks for this paper are 250.

What is the time allowed for this paper?

The time allowed is Three Hours.

How many questions are there in total?

There are eight questions in total.

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