Books Doubtnut Question Bank

BUSINESS STUDIES
BOOKS SHREE RADHEY PUBLICATION

BUSINESS STUDIES (HINGLISH)
PART : B BUSINESS FINANCIAL

MANAGEMENT
Exercise
1. State the objective of financial management.

Watch Video Solution
2. Enumerate three important decisions taken
in financial management.
3. State steps involved in financial planning.

4. What is the link between operating cycle
and working capital?
5. Why is dividend decision called residual
decision?
6. How is interest coverage ratio computed?

7. How is return on investment computed?
8. What is the meant by gross working capital
and net working capital?

9. How do growth opportunities affect
Dividend Decision?
10. How does control of existing sharesholders
affect financing decisions?
11. What is financial risk?

12. What is the another name for long term
investment decision?
13. Give two factors affecting financing
decision.

14. Give two factors affecting dividend
decision.
15. Give two factors affecting investment
decision.

16. There are three important decisions which
an organisation has to take in respect of
financial management. Enumerate and explain
in brief these three decisions.
17. How do loan components or debentures in
the capital structure act as level to raise the
return on equity share capital?

18. These directions of a manufactering
company are thinking of issusing Rs20 crore
worth additional debentures expansion of
their production capacity. This will lead to an
increase in debt equity ratio from 2: 1 to 3: 1
What are the risks involved in it ? Explain any
four factors other than risk do yo think the
direcations should keep in view.

19. You are the finance manager of a company.
The board of directors has asked you to
determine the working capital requirement for
the company. State the factor that you would
take in consideration while determining the
requirement of working capital for the
company.
Hots Higher Orders Thinking Skills And Case

Studies
1. Tata international Ltd. Earned a net profit of
Rs. 50 crores. Ankit, the finance manager of
Tata International Ltd. Wants to decide how to
appropriate these profits. Identify the decision
That Ankit will have to take and also dicsuss
any five factors which help him in taking this
decision.

2. How to rising prices affect the requirement
of working capital of an organisation ?
3. Shalini, after acquiring a degree in Hotel
management and Business Administration
took over her familiy food processing company
of manufacturing pickless, jams and squashes.
The business was established by her great
grandmother and was doing reasonably well.

However the fixed operating costs of the
business were high and the cash flow position
was week. She wanted to undertake
modernisation of the existing business to
introduce the latest manufacturing processes
and diversify into the market of chocolates
and candies. She was very enthusiastic and
approached a finance constultant, who told
her that approximately Rs. 50 lakh would be
required for undertaking the modernization
and expansion programme. He also informed
her that the stock market was going through a
builish phase.
(i) Keeping the above considerations in mind,
name the source of finance shalini should not
choose for financing the modernization and
expansion of her food processing business.
Give one reason in support fo your answer.
(ii) Explain any two other factors, apart from
those stated in the above situation, which
Shalini should keep in mind while taking this
decision.

4. A business that does'nt grow dies' says Mr
Shah, the owner of Shah Marbie Ltd. With
glorious 36 months of its grand success
having a capital base Rs. 80 crores. Within a
short span of time, the company could
generate cash flow which not only covered
fixed cash payment obligations but also create
sufficient buffer. The company is on the
growth path and a new breed of consumers in
eager to buy the Ilatian marbie sold by Shah
Marbie Ltd.
To meet the increasing demand, Mr Shah

decided to expand his business by acquiring a
mine, This required an investment of Rs.120
crores. To seek advice in this matter, he called
his financial advisor Mr Seth who advised him
about the judicious mix of equity(40%) and
Debt (60%). Mr Seth also suggested him to
take loan from a financial institution as the
cost of raising funds from financial institution
is low. Though this will increase the financial
risk but will not dilute the control of equity
sharesholders. At the same time, the interest
on loan is a tax deductible expense for
computation tax liabilty. After due

deliberations with mr seth, Mr Shah decided
to raise funds a financial institution.
(a) Identify and explain the concept of
Financial Mangement as advised by Mr seth in
the above situation.
(b) State the four factors affecting the concept
as identified in part (a) above which have been
discussed between Mr Shah and Mr Seth.

5. Avik is the finance manager of mars Ltd. In
the current year. The company earned high
profit. However, Avik thinks that it is better to
declare smaller dividend as he is unsure about
the earning potential of the company in the
coming years.
Avik's choice of dividend decision is based on
which of the factor that affect it?

6. When is financial leverage favorable?
7. HCL Company's finance manager has decided
to retain its entire profit to meet financial
requirement for its growth. Name the type of
decision involved.

8. Tata sons has debt equity ratio of 4:1 and
Bajaj has 1:1 debt equity ratio. Name the
advantage, Tata sons may have over bajaj.
9. Dabur India has decided to increase credit
limit and duration of credit to its customers to
boost its sales. Name the type of decision
involved.

10. Bharti Ltd. Is a leading mobile company. It
is planning to acquire Queen Ltd's (its close
competitor) business worth Rs. 1,000 crore.
Which financial decision is involved in it?
Explain it.
11. Your are the finance maanger of a company
your board of directors have asked you to
decided the dividend policy of a company .

Explain the factors which you will consider
while determining the dividend policy.
12. Pankaj is engaged in Warehousing-Business
Identify the woking capital requirements of
Pankaj stating the reason is support of your
answer. Pankaj is also planning to start his
Transport business.
Explain any two factors that will affect his fixed
capital requirments.
13. Name the factor due to which a petro
chemical company requires much higher
investment in fixed capital than an
information technology company. However
both may generate same amount of revenue.
Explain any two factors affecting fixed capital
requirement.

14. "Ranbaxy Ltd. Has been earning handsome
profits since last 15 years. Company enjoy fair
goodwill in the market, so company can easily
arrange as well equity from the market,
Whenever needed. Therefore company decided
to declare dividend with a hike of 15% from
last year."
Which two components affecting dividend
decision have been highlighted in the above
paragraph.

15. "During annual general meeting of prakesh
Ltd. CEO. Mr. Rajnesh put the expansion plan
for the coming year before sharesholderss and
asked for suitable sources of finance to finance
manager. Finance manager Mr. Kant proposed
issue of debentures than equity with a plan
that they can be paid back whenever
requirement fo funds is over. "
In the above paragraph, which component
affecting financing decision has been
highlighted? Explain the component.

16. How does 'Trading on Equity affect the
Capital structure of a company?
Explain with the help of a suitable example.
17. " Tax benefits is available only in case of
payment of interest and not on the payment
of preference dividend. " Why?

18. REI Agro Food Ltd. Is a famous
multinational company. Mr. S.K. Nagi is its
finance manager. He is making efforts to
increase the market value of capital invested
by the equity sharesholders. He already knew
it could be possible only when price of the
shares increases and price of shares increases
only if financing, investment and dividend
decisions are taken optimally. He did the same
and achieved success.

Which objective of financial management has
been refered here? Explain.
19. Jai Bharat Company Ltd. Is an autopart
supplier company in Guru Gram, Haryana. Its
business is spread over several cities. The CEO
of company wants to open a factory in Gujarat
near Tata motors Ltd. But due to recession for
the last two years, its business is facing slow
down. Company needs capital. Rakesh Gupta is

CA and financial advisor of the company. He
opines that during recession profit falls and
investors prefer to invest in debentures to
earn fixed income. Therefore, the company
should issue debentures.
In this paragraph, which factor affecting
financing has been highlighted? Explain state
of capital market.

20. Canara Bank wants to open a new branch
of his bank. What is this decision called?
21. A decision is taken to distribute certain
part of profit to sharesholders after paying
tax. What is this decision called? Explain any
three factors affecting such decisions.

22. Name types of capital which are part of
capital structure.
23. A decision is taken to raise money for long
terms capital needs to business from certain
sources. What is this decision called? Explain
the three factors affecting such decision.

24. What is considered the cheapest source of
finance?
25. What is financial leverage? Explain with the
help of an example.
26. What is favourable financial leverage?

27. What is the cost of raising funds called?
28. What determine overall financial risk?
29. In case of high fixed operating cost,
company should prefer debt or equity?

30. What is the another name for long term
investment decision?
31. A sound financial plan is the key to success
of sound financial management of the
company. Discuss.

32. Amit is running as 'Advertising agency' and
earning a lot by providing this service to big
industries. State whether the working capital
requirement of the firm will be 'less' or ' more'.
Give reason in support of your answer.
33. Satnam Singh wons a fruits or chit in
shimla where finest quality of apples are
grown. He plans to start 15 juice stations. Ind

different localities in Shimla, Chandigarh,
Solan, etc. In partnership with his friend
Gurpreet Singh. Instead of buying he plans to
take shops on rent us he needs money for
other inputs.
Indentify and explain two factors affecting
fixed capital requirements of Satnam's
business discussed in above para by quoting
the lines.

34. PVR is a renowned multiplex operators in
India. It own 254 screens in 52 properties at 24
locations in the country. Considering the fact
is more growing trend among the people to
spend more of their disposable income on
entertainment, company planned to add more
screen at existing locations and start at new
locations also they also plan to add food chain
also at their locations. The company planned
to float equity shares in market to raise the
desired capital. The issue was fully subscribed
and paid. Over the years the sale and the

profit of the company have icreased
tremendously and it has been declaring higher
dividend and the market price of its share has
increased manifolds.
(a) Name the different kinds of financial
decisions taken by PVR Ltd. by quoting lines
from para.
(b) Do you think the financial management
team of the company has been able to achieve
its prime objectivies why or why not.

35. Healthcare Ltd. Is a company engagged in
production of organic food. Presently It sells It
products through indirect channels of
distribution. The company is planning to start
its own show rooms and online portals. The
financial manager suggested to use debt to
ivest in own showrooms and online protals.
Company plans to raise debt. capital of Rs. 40
lakhs a loan from ICICI bank of 10% interest.
The present capital base of the company is 9
lakhs equity shares of Rs. 10 each. The rate of
tax is 30%
In the context of above case-

(a) Assuming expected rate of return same as
current year i.e., 15% do you think the decision
to use debt is justified.
Show your working clearly.
View Text Solution
Multiple Choice Questions
1. What is considered the cheapest source of
finance?
A. (a) Debenture
B. (b) Equity share capital
C. Preference share
D. Retained earning
Answer:
2. A decision to acquire a new and modern
plant to upgrade and old one is a

A. (a) Financing decision
B. (b) Working capital decision
C. (c) Investment decision
D. (d) Dividend decision
Answer:
3. Other things remaining the same, an
increase in the tax rate on corporate profits
will
A. Make debt relatively cheaper
B. Make debt relatively less cheap home
C. No impact on the cost of debt
D. We can't say
Answer:
4. Compaines with a higher growth pattern
are likely to :
(a) pay lower dividends

(b) pay higher dividends
(c) dividends not affected by growth
considersattions
(d) None of the above.
A. (a) Pay lower dividends
B. Pay higher dividends
C. Dividends are not affected by growth
considerations
D. None of the above
Answer:
5. When is financial leverage favorable?
A. (a) Return on Investment is lower than
cost of debt
B. (b) ROI is higher than cost of debt
C. (c) Debt is nearly available
D. (d) If the degree of existing financial
leverage is low
Answer:
Debt
6. Higher debt equity ratio ( ) results
Equity
in
A. (a) Lower financial risk
B. (b) Higher degree of operating risk
C. (c) Higher degree of financial risk
D. (d) Higher EPS

Answer:
7. Higher working capital usually results in
A. (a) Higher current ratio, higher risks and
higher profits
B. (b) Lower current ratio, higher risk and
profits
C. (c) Higher equitably, lower risk and lower
profits
D. (d) Lower equitably, lower risk and
higher profits
Answer:
8. Current assets are those assets which get
converted into cash

A. (a) Within six months
B. (b) Within one year
C. (c) Between one and three years
D. (d) Between three and five years
Answer:
9. Financial planning arrives at

A. Minimising the external borrowing by
resorting to equity issues.
B. Entering that the firm always have
significantly more fund than required so
that there is no paucity of funds.
C. ensuring that the firm paces neither a
shortage nor a glut of unusable funds.
D. Doing only what is possible with the
funds that the firms has at its disposal.
Answer:
10. Higher dividends per share is associated
with
A. (a) High earning, high cash flows
unusable earnings and higher growth
opportunities
B. (b) High earning, high cash flows
suitable earnings and high growth
opportunities
C. (c) High earning high cash flows a stable
earning and lower growth opportunities
D. (d) High earning, low cash flows, stable
earnings and lower growth
opportunities
Answer:
11. A fixed asset should be financed through

A. (a) a long term liabilty
B. (b) a short-term liability
C. (c) a mix of long and short term
liabilities
D. (d) None of these
Answer:

12. Current assets of a business firm should be
financed through
A. (a) Current liability only
B. (b) long-term liability only
C. (c) Partly from both types, i.e., long and
short- term liabilities.
D. (d) None of these
Answer:

Short Answer Type Questions
1. What is meant by capital structure?
2. Discuss the two objectives of financial
planning.

3. What is 'financial risk'? Why does it arise?
4. Define a 'current assets' and give four
examples.
5. Financial management is based on three
broad financial decisions. What are these?

6. What are the main objectives of financial
management? Briefly explain.
7. Discuss about working capital affecting both
the liquidity as well as profitability of a
business.

Long Answer Type Questions
1. What is meant by working capital? How is it
calculated? Discuss five important
determinants of working capital requirements.
2. Capital structure decisions is essentially
optimisation of risk-return relationship.
Comment.

3. A capital budgeting decision is capable of
changing the financial fortune of a business.
Do you agree? Why or why not?
4. Explain factors affecting the dividend
decision.

5. Explain the term 'trading on equity'. Why.
When and how can it be used by a business
organisation?
Test Yourself Very Short Answer Questions
1. State the objective of financial management.

2. Explain the concept of wealth maximisation
as an objective of financial management.
3. Discuss the two objectives of financial
planning.
4. What is financial risk and how does it arise?

5. What is the link between operating cycle
and working capital?
6. What do you mean by negative working
capital?

7. Why is the dividend decision treated as a
residual decision?
8. What do you mean by dividend decision?
9. What do you mean by management of fixed
capital?

10. Why is capital budgeting decision
considered as an important decision?
11. Define a 'current assets' and give four
examples.

Test Yourself Short Answer Questions
1. How are the shareholders likely to gain with
loan components in capital employed ? Explain
with suitable example.
2. Explain the factors affecting the dividend
policy of a company.

3. Explain the meaning and nature of financial
planning.
4. Explain the meaning and nature of capital
budgeting.
5. Give two factors affecting financing decision.

Test Yourself Long Answer Questions
1. State whether the working capital
requirement of business manufacturing the
following items are big or small. Justify your
answer:
(i) Bread
(ii) Coolers
(iii) Sugar
(iv) Furniture
(v) Motor car
(vi) Locomotives
2. Capital structure decisions is essentially
optimisation of risk-return relationship.
Comment.

3. Explain the term 'trading on equity'. Why.
When and how can it be used by a business
organisation?
Previous Years Examination Question 2014 2018

One Mark Questions
1. What is meant by 'financial management'?

2. How does 'level of competition' affect the
working capital requirements of an
organisation? State.
3. In the paint industry, various raw materials
are mixeds in different proportions with
petromleum for manufacturing different kinds
of paints. One specific raw material is not
readily and regularly availble to the paint

readily and regularly available to the paint
manufacturing companies. Bonler paints
company is also facing this problem and
because of this there is a time lag between
placing the order and the acutal receipt of the
amterial.But, once it receives the raw
materials, it takes less time in converting it
into finsihed goods.
Identify the factor affecting the working
capital requirements of this industry.

4. What is meant by 'capital Structure'?
5. Sika Ltd., a reputed industrial machine
manufacturer, needs Rupees twenty crores as
additional capital to expand the business. Mr.
Amit Joshi, the chief Exceutive officer (CEO) of
the company wants to raise funds through
equity. The finance Manager, Mr. Narender
Singh, suggested that the shares may be sold
to investing public through intermediaries, as

the same will be less expensive.
Name the method through which the
company decided to raise additional capital.
6. What is meant by 'Trading on Equity'?
7. Name and state the aspect of financial
management that enables to foresee the fund

requirements both in terms of 'the quantum'
and 'the timings'.
8. Rizul Bhattacharya after leaving his job
wanted to start a Private Limited Company
wiht his son. His son was keen that the
company may start manufacturing of Mobile-
phones with some unique featurs. Rizal
Bhattacharya felt that the mobile-phones are
prone to quick obsolencence and a heavy fixed

capital investment would be required regularly
in this business.Therefore, he convinced his
son to start a furniture business.
Identify the factor affecting fixed capital
requirements which made Rizul Bhattacharya
to choose furniture business over mobile -
phones.
9. Meca Ltd. A reputed auotmobile
manufacturer needs Rupees ten crores as

additional capital to expand its business. Atul
Jalan, the CEO of the company wanted to raise
funds through equity. On the other hand the
Finance Manager, Nimi sahdev said that the
public issue may be expensive on account of
various mandatory and non- mandatory
expenses. Therefore, it was decided to allot
the securities to institutional investors.

10. Reliable Transport Service Ltd. ' specialises
in transporting fruits and vegetables. It has a
good reputation in the market as it delivers
the fruits and vegetables at the right time and
at the right place.
State with reason whether the workingh
capital requirements of 'Reliable Transport
Services' will be high or low.

11. Explain how' cost of debt' affects the choice
of capital structure of a company.
12. The size of assets, the profitability and
competitiveness are affected by one of the
financial decisions. Name and state the
decision.

13. Radhika and Vani who are young fashion
designers left their job with a famous fashion
designer chain to set-up a company fashionate
Pvt. Ltd.' They decided to run a boutique
during the day and coaching classes for
entrance examination of National Institute of
Fashion Designing in the evening. For the
coaching Centre they hired the first floor of a
nearby building. Their major expense was
money spent on photocopying of notes for
their students. They thought of buying a
photocopier knowing fully that their scale of

operations was not sufficient to make full use
of the photocopier.
In the basement of the building of 'Fashionate
Pvt. Ltd.' Preveen and Ramesh were carrying on
a printing and stationery business in the name
of 'Neo prints Pvt. Ltd. 'Radhika approached
praveen with the prosposal to buy a
photocopier jointly which could be used by
both of them without making seperate
investment, praveen agreed to this.
Identify the factor affecting fixed capital
requirements of 'Fashionate Pvt.Ltd.

14. How does 'cost of equity' affect the choice
of capital structure of a company? Explain.
15. Best Bulbs Pvt. Ltd. Was manufacturing
good quality LED bulbs and catering to local
market. The current production of the
company is 800 bulbs a day. Sumit, the
marketing manager of the company surveyed

the market and decided to supply the bulbs to
five-star-hotels also. He anticipated the higher
demand in future and decided to buy a
sophisticated machine to further improves the
quantity of the bulbs produced.
Indentify the factor affecting fixed capital
requirements of the company.
Previous Years Examination Question 2014 2018

Three Mark Questions
1. Ramanath Ltd. Is dealing in important of
organic food item in bulk. The company sells
the items in smaller quantities in attractive
pakages. Performance of the company has
been up to the expectations in the past.
Keeping up with the latest packaging
technology. the company decided to upgrade
its machinery. For this, the finance Manager of
the company, Mr. Vikrant Dhull, estimated the
amount of funds required and the timings.This
will help the company in linking the
investment and the financing decisions on a
continuous basis.
Therefore, Mr. vikrant Dhull began with the
preparation of a sales forecast for the next
four years. He also collected the relevant data
about the profit estimates in the coming
years. By doing this , he wanted to be sure
about the availability of funds from the
internal sources. For the ramaining funds he is
trying to find out alternative sources. Identify
the financial concept discussed in the above
paragraph. Also state any two points of
importance of the financial concept, so
indetified.

2. Explain briefly any four factors which affect
the choice of capital structure of a company.
3. Explain briefly any four factors that affect
the working capital requirement of a company.

4. What is meant by Capital Budgeting State
any four factors affecting fixed capital
requirement of a firm.
5. Sika Ltd., a reputed industrial machine
manufacturer, needs Rupees twenty crores as
additional capital to expand the business. Mr.
Amit Joshi, the chief Exceutive officer (CEO) of
the company wants to raise funds through

equity. The finance Manager, Mr. Narender
Singh, suggested that the shares may be sold
to investing public through intermediaries, as
the same will be less expensive.
6. Sarah Ltd. 'is a company manufacturing
cotton yarn. It has been consistently earning
good profits for many years. This year too, it

has been able to generate enough profits.
There is availability of enough cash in the
company and good prospects for growth in
future. It is a well managed organisation and
believes in quality. equal employment
opportunities andgood remuneration
practices. It has many sharesholders who
prefer to receive a regular inocome form their
investments.
It has taken a loan of Rs. 40 lakhs from IDBI
and is bound by certain restrictions on the
payment of dividend according to the terms of
loan agreement.
The above discussion identify and explain any
four such factors.
7. Viyo Ltd.' is a company manufacturing
textiles. It has a share capital of rupees 60
lakhs. The earning per shares in the previous
year was rupees 0.50. for diversification, the
company requires additonal capital of rupees
40 lakhs . The company raised funds by issued
10% debentures for the same. During the

current year the company earned profit of
ruppes 8 lakh on capital employed. It paid tax
@40%
(a) State whether the sharesholders gained or
lost, in respect of earning per share on
diversification. Show your calculations clearly.
(b) Also, state any three factors that favour
the issue of debentures by the company as
part of its capital structure.
View Text Solution
Case Study
1. Rohan inherited a very large area of
agricultural land in Haryana after the death of
his grand father. He plans to sell this piece of
land and use the money to set up a small scale
paper factory to manufacture all kind of
stationery items from recycled paper. He
consulted friends. Ramesh, who is working in a
financial consultancy firm. Ramesh helped him
to prepare a blue print of his future business
operations. On the basis of sales forecast in
next five years, based on these estimates he

helped Rohan to assess the fixed and working
capital requirements of business.
In the context of above case-
(a) Identify the type of financial service that
Ramesh has offered Rohan.
(b) State any four importance of that service.
2. A company's earnings before interest and
tax is Rs 10 lac. It pays 10% interest on its debt.
Total investment of company is Rs. 50 lac.

(a) Advise company whenever it should include
debt or equity ot raise its capital.
(b) Name the concept related to this.
(c) Will the company's decision to raise funds
from debt or equity will change if
company'sEBIT becomes 4 lac.
3. Pinnacle Ltd. Deals in the sale of stationery
and office furniture. They source the finished
products from reputed brands who give them

four to six months credit. Seeing the demand
for electronic items, they are also planning to
market these items by opening outlets
throughout India. For this, they have decided
to join hands with a Japanese electronic goods
manufacturer.
Identify and state any two factors that would
affect the fixed capital requirement of Pinnacle
Ltd. as discussed above. two factors that
would affect the fixed capital requirement of
Pinnacle Ltd. as discussed above.

4. A businessman who wants to start a
manufacturing concern, approaches you to
suggest him whether the following
manufacturing concern would require large or
small working capital:
(a) Bread
(b) Coolers
(c) Sugar
(d) Motor car
(e) Furniture manufactured against specific
orders
(f) Locomotives

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BUSINESS STUDIES

BOOKS SHREE RADHEY PUBLICATION

PART : B BUSINESS FINANCIAL

1. State the objective of financial management.

2. Enumerate three important decisions taken

Watch Video Solution

3. State steps involved in financial planning.

Watch Video Solution

and working capital?

Watch Video Solution

5. Why is dividend decision called residual

Watch Video Solution

6. How is interest coverage ratio computed?

7. How is return on investment computed?

Watch Video Solution

8. What is the meant by gross working capital

and net working capital?

Watch Video Solution

Watch Video Solution

10. How does control of existing sharesholders

affect financing decisions?

Watch Video Solution

11. What is financial risk?

12. What is the another name for long term

Watch Video Solution

13. Give two factors affecting financing

Watch Video Solution

Watch Video Solution

15. Give two factors affecting investment

Watch Video Solution

an organisation has to take in respect of

financial management. Enumerate and explain

in brief these three decisions.

Watch Video Solution

17. How do loan components or debentures in

the capital structure act as level to raise the

return on equity share capital?

Watch Video Solution

company are thinking of issusing Rs20 crore

worth additional debentures expansion of

their production capacity. This will lead to an

increase in debt equity ratio from 2: 1 to 3: 1

What are the risks involved in it ? Explain any

four factors other than risk do yo think the

direcations should keep in view.

Watch Video Solution

The board of directors has asked you to

determine the working capital requirement for

the company. State the factor that you would

take in consideration while determining the

requirement of working capital for the

Watch Video Solution

Hots Higher Orders Thinking Skills And Case

Rs. 50 crores. Ankit, the finance manager of

Tata International Ltd. Wants to decide how to

appropriate these profits. Identify the decision

That Ankit will have to take and also dicsuss

any five factors which help him in taking this

Watch Video Solution