UPSC Civil Services Main 2021 Commerce & Accountancy Paper I PDF

Central Government Jobs Other Jobs 2021

  • Year 2021
  • Conducted By UPSC
  • Questions 8
  • Maximum Marks 250
  • Duration Three Hours
  • Languages Hindi & English

Exam Details

Detail Information
Examination UPSC Civil Services Main Examination
Year 2021
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 Descriptive / Subjective

This is the Commerce and Accountancy Paper-I from the UPSC Civil Services Main Examination held in 2021. The paper carried a maximum of 250 marks and allowed three hours for completion. It consists of eight descriptive questions divided into two sections, with candidates required to answer five questions in total, including compulsory questions 1 and 5. This paper is crucial for aspirants aiming for a career in civil services, providing a clear understanding of the depth and breadth of knowledge expected in Commerce and Accountancy.

Major Topics Covered

  • Accounting Standards
  • Employee Stock Option Plan (ESOP)
  • Sunk Cost
  • Opportunity Cost
  • Residential Status
  • Incidence of Tax
  • Audit of Insurance Company

Why This Paper is Important

  • Useful for Civil Services Main Examination 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

  • UPSC Civil Services Main Examination 2021 - General Studies Paper I
  • UPSC Civil Services Main Examination 2021 - General Studies Paper II
  • UPSC Civil Services Main Examination 2021 - General Studies Paper III
  • UPSC Civil Services Main Examination 2021 - General Studies Paper IV
  • UPSC Civil Services Main Examination 2021 - Optional Subject Paper I
  • UPSC Civil Services Main Examination 2021 - Optional Subject Paper II
  • UPSC Civil Services Main 2021 Commerce and Accountancy Paper I Answer Key
  • UPSC Mains 2021 Commerce Paper I Solutions

Instructions

  • इसमें आठ प्रश्न हैं जो दो खण्डों में विभाजित हैं तथा हिन्दी और अंग्रेजी दोनों में छपे हुए हैं।
  • परीक्षार्थी को कुल पाँच प्रश्नों के उत्तर देने हैं।
  • प्रश्न संख्या 1 और 5 अनिवार्य हैं तथा बाकी में से प्रत्येक खण्ड से कम-से-कम एक प्रश्न चुनकर तीन प्रश्नों के उत्तर दीजिए।
  • प्रत्येक प्रश्न/भाग के अंक उसके सामने दिए गए हैं।
  • प्रश्नों के उत्तर उसी प्राधिकृत माध्यम में लिखे जाने चाहिए, जिसका उल्लेख आपके प्रवेश-पत्र में किया गया है, और इस माध्यम का स्पष्ट उल्लेख प्रश्न-सह-उत्तर (क्यू० सी० ए०) पुस्तिका के मुखपृष्ठ 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, 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 questions in about 150 words each :
निम्नलिखित प्रश्नों में से प्रत्येक का उत्तर लगभग 150 शब्दों में दीजिए :

(a) लेखांकन मानक-3 (ए० एस०-3) की महत्ता संक्षेप में स्पष्ट कीजिए।

Briefly explain the significance of Accounting Standard-3 (AS-3).

(b) कर्मचारी स्टॉक विकल्प योजना (ई० एस० ओ० पी०) के महत्त्व की विवेचना कीजिए।

Discuss the importance of Employee Stock Option Plan (ESOP).

(c) इबंत लागत एवं अवसर लागत क्या है? उदाहरण सहित समझाइए।

What are sunk cost and opportunity cost? Explain with example.

(d) आवासीय स्थिति एवं कर-भार में क्या संबंध है?

What is the relationship between residential status and incidence of tax?

(e) बीमा कम्पनी की लेखापरीक्षा से संबंधित प्रमुख पहलुओं की विवेचना कीजिए।

Discuss the key aspects in respect of audit of insurance company.

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Frequently asked questions

What is the name of the exam?

The exam is the UPSC Civil Services Main Examination.

Which paper is this question paper for?

This is for Commerce and Accountancy Paper-I.

What is the year of this examination paper?

The year is 2021.

Who conducts the Civil Services Main Examination?

The examination is conducted by UPSC (Union Public Service Commission).

What is the maximum marks for this paper?

The maximum marks for Commerce and Accountancy Paper-I is 250.

What is the time duration allowed for this paper?

The time allowed is Three Hours.

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