BM0027-INSURANCE AND RISK MANAGEMENT

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ASSIGNMENT

 

WINTER 2013
PROGRAM B.Com IS
SEMESTER VI
SUBJECT CODE & NAME BM0027-INSURANCE AND RISK MANAGEMENT
CREDIT 4
MAX. MARKS 60

 

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Eachquestion is followed by evaluation scheme.

 

 

 

Q. 1. What do you understand by Risk? Describe the relationship between uncertainty and risk. What do you understand by peril as well as hazard?

 

Answer: Risk implies future uncertainty about deviation from expected earnings or expected outcome. Risk measures the uncertainty that an investor is willing to take to realize a gain from an investment.

Risks are of different types and originate from different situations. We have liquidity risk, sovereign risk, insurance risk, business risk, default risk, etc. Various risks

 

 

Q.2 How you can classify risk? Describe the different types of risk.

 

Answer:

 

In the Risk Classification section of the Risk Structure work center, you can use the following features:

 

  • Create and delete central risks and

 

 

Q.3what do you understand by risk management? Describe different aspects of risk management. Describe different characteristics of risk management.

 

Answer:Risk managementisthe process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance. Inadequate risk management can result in severe consequences for companies as well as individuals. For example, the recession that began in 2008 was largely caused by the loose credit risk management of financial firms.

 

 

 

Q.4 Describe the risk management process.

 

Answer:The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance. Inadequate risk management can result in severe consequences for companies as well as individuals. For example, the recession that began in 2008 was largely caused by the loose credit risk management of financial firms.

 

 

 

 

 

Q.5 Describe the tools for risk management.

 

Answer:Risk management is a non-intuitive field of study, where the most simple of models consist of a probability multiplied by an impact. Understanding individual risks may be difficult as multiple probabilities can contribute to Risk total probability. Likewise, impacts may be measured in “units” of cost, time, events (for example, a catastrophe), market states, reputation, and other dimensions. This is further complicated by there being no straightforward

 

 

 

 

Q.6what do you understand by loss control? What are the potential benefits of loss control? Describe the potential costs of loss control.

 

Answer:loss control:-

A risk management technique that seeks to reduce the possibility that a loss will occur and/or reduce the severity of those that do occur. Also known as risk control or safety. Driver training programs are loss control programs that seek to reduce the likelihood of accidents occurring. Sprinkler systems are loss control devices that reduce the severity of loss by fire.

 

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BM0026-CUSTOMER RELATIONSHIP MANAGEMENT

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Winter 2013

 

 

BCOMIS – VI SEMESTER

 

ASSIGNMENTS

 

Subject code – BM0026

Book ID-B0526

(4 credits)

Marks 60

SUBJECT NAME- CUSTOMER RELATIONSHIP MANAGEMENT

 

 

Note: Each Question carries 10 marks.

 

1. Define customer relationship management & what are the different factors that influence buying behavior.

 

Ans :  Customer relationship management :

 

Customer relationship management (CRM) is a model for managing a company’s interactions with current and future customers. It involves using technology to organize, automate, and synchronize sales, marketing, customer service, and technical support. Well-designed CRM includes the following characteristics:

 

  • Relationship management is a customer-oriented feature with service response based on customer input, one-to-one solutions to

 

 

 

2. Discuss consumer purchase decision process giving one real time example .

 

Ans :  Consumer purchase decision process :

 

The stages in this process  are:

 

  • Problem/Need recognition
  • Information search
  • Evaluation of alternatives

 

 

 

3. State the importance of customer relationship building. State the different levels of relationship marketing & tools used to develop strong customer bondage.

 

Ans : Importance of customer relationship building :

 

Customer relations means not only giving the right amount of change back and saying thank you, but it also means exchanging damaged products, giving discounts if necessary and making refunds to stay the day—all with a sincere smile. It is a blanket statement that this writer does not believe. That is the concept “the customer is always right.” A better phrase should be: the customer should always be treated right!

 

 

 

 

4. What do you mean by customer interaction management? Discuss the routes & factors influencing CIM

 

Ans : Customer interaction management :

 

Customer Interaction Management (CIM) refers to a type of Enterprise Software Application which is responsible for managing the interaction between an organisation and its customers. Normally, a CIM application will be deployed in a contact

 

 

.

 

 

 5. Give the importance customer retentation and different stages of retentation in customer life

cycle.

 

Ans : Importance customer retentation :

 

Finding new customers is great, but keeping old ones and turning those new customers into loyal buyers is even more important. Customer retention is the name of the game and the better yours is, the more profitable your brand will be. How so? Check

 

 

 

6. What do you mean by a loyal customer & discuss loyal customer ladder.

 

Ans : Loyal customer :

 

Loyal customers is the one who :

 

Provide more business: They return to buy again and choose to buy more;

 

Persuade others to use your products or services:

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BM0025- Visual Basic

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Winter 2013

 

 

ASSIGNMENT

 

Course: B ComIS – VI SEMESTER

 

Subject Code: BM 0025

 

(4 credits)

 

Marks 60

 

SUBJECT: Visual Basic

 

Note: Each Question carries 10 marks

 

 

Q.1. Write in detail the various tools available in Visual Basic Toolbox.

 

Ans :  Visual basic toolbox is consist of following tools :

 

1. Pointer tool :

 

This tool is used to select the object. Whenever any tool is selected then mouse pointer changes to a ‘+’sign. By using this tool you can draw an object on the form. To get the mouse pointer back, click on the Pointer tool. It has no properties. Pointer tool is also the default tool of the toolbox.

 

2. Label tool :

 

This tool is used to display the text to the form. It is generally used to give title in the form, an output after some message for the user.

 

 

 

 

Q 2. What are the various steps in creating a real life user interface?

 

Ans :  Various steps in creating a real life user interface :

 

1. On the File menu, click the New Project command.

You start a new programming project by clicking the New Project command on the File menu.

Click No if you are asked whether you want to save any changes to the StepUp program from Lesson 1. This removes the StepUp program from memory.

 

 

 

 

 

Q. 3. What is meant by Module? Explain the three kinds of modules.

 

Ans : Module : 

 

A module is basically where you store programming code of some kind. It might be code that operates behind a form, or a module which all of your application uses, but either way a module is where code is stored. Modules are collection of code and data that function something like objects in objects oriented programming, but without defining OOP characteristics like inheritance, polymorphism etc. The concept behind modules is to enclose procedures and data in a way that hides them from the rest of the program.

 

 

 

Q.4. Explain in detail Menu Editor, Menu Controls and the usage of Dialog Boxes.

 

Ans :  Menu editor :

 

The menu editor in Visual Basic allows the user to construct menu bars such as the ones in Microsoft Word, Excel and other Windows programs. It provides a quick and simple way to create menu items and set various properties for each one, such as the Help Context ID. The menu editor also allows the user to decide whether or not it is visible or enabled among others. Read on to learn how to use the menu editor in Visual Basic.

 

Q.5. Describe the procedure of creating database Visual Data Manager. How are they controlled?

 

Ans :  In Visual Basic 6, you can create and manage databases using the built-in Visual Data Manager. Visual Data Manager can be used to create tables, add new data as well as edit data. Besides that, it can be used to modify table structure.

 

 

 

Q.6. Explain what is an ActiveX component and control?

 

Ans : Active x control :

 

ActiveX controls are software modules based on Microsoft’s Component Object Model (COM) architecture. They add functionality to software applications by seamlessly incorporating pre-made modules with the basic software package. Modules can be interchanged but still appear as parts of the original software.

 

On the Internet, ActiveX controls can be

 

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BM0024-SMALL BUSINESS MANAGEMENT AND ENTREPRENEURSHIP DEVELOPMENT

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ASSIGNMENT

 

DRIVE WINTER 2014
PROGRAM Bachelor of Commerce in Information System
SUBJECT CODE & NAME BM0024-SMALL BUSINESS MANAGEMENT AND ENTREPRENEURSHIP DEVELOPMENT
SEMESTER 5
CREDITS 4
MARKS 60

 

 

Answer all the questions. Each question carries 10 Marks.

 

1. Write a Note on Entrepreneurial Functions

Answer : An entrepreneur performs a series of functions necessary right from the genesis of an idea up to the establishment and effective operation of an enterprise. He carries out the whole set of activities of the business for its success. He recognises the commercial potential of a product or a service, formulates operating policies for production, product design, marketing and organisational structure. He is thus a nucleus of high growth of the enterprise.

According some economists, the functions of an

 

 

 

2. Discuss Different Phases in Entrepreneurial Development Program

Answer : EDP is primarily designed to induce motivation and competence among young prospective entrepreneurs. So the cause and curriculum of Entrepreneurship Development programme will be so designed that it will induce motivation and competency. The course curriculum of EDP should be designed to cover the following aspects:

  • It will give general introduction to entrepreneurship.

 

 

 

 

3. What is Project, Explain the 3 Stages of Project Life Cycle

Answer : The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life. There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project.

 

 

 

 

4. Explain the Internal and External Sources of Finance for an Enterprise

 

Answer : All businesses need money. Where the money comes from is known as ‘sources of finance’. Now there are two different types of sources of finance: internal (finance from inside the business) and external (finance from outside the business). New businesses starting up need money to invest in long-term assets such as buildings and equipment. They also need cash to purchase materials, pay wages, and to pay the day-today- bills such as water and electricity. In-experienced entrepreneurs (or social entrepreneurs) often underestimate the

 

 

 

5. Write a Note on MODVAT and Small Scale Industries

Answer : Modvat stands for “Modified Value Added Tax”. It is a scheme for allowing relief to final manufacturers on the excise duty borne by their suppliers in respect of goods manufactured by them. eg ABC Ltd is a manufacturer and it purchases certain components from PQR Ltd for use in manufacture. POR Ltd would have paid excise duty on components manufactured by it and it would have recovered that excise duty in its sales price from ABC Ltd. Now, ABC Ltd has to pay excise duty on toys manufactured by it as well as bear the excise duty

 

6. Discuss New Small Enterprise Policy 1991

 

Answer : New Small Enterprise Policy, 1991.:-

 

The Industrial Policy announced on July 24, 1991 heralded the economic reforms in India and sought to drastically alter the industrial scenario in our country. The most visible sign of the countries  economic crisis in early 1991 was:

 

• Extremely low foreign exchange reserves of Rs. 2400 crore (just enough to buy from abroad only three weeks requirements.)

• Inflation was as high as 13.5%

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BM0023 – CAPITAL AND MONEY MARKET

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ASSIGNMENT

 

DRIVE WINTER 2013
PROGRAM Bachelor of Commerce in Information System
SUBJECT CODE & NAME BM0023 – CAPITAL AND MONEY MARKET
SEMESTER 5
CREDITS 4
MARKS 60

 

 

Answer all the questions. Each question carries 10 Marks.

 

1. Explain the term Capital market and discuss the different methods used for raising capital.

Answer : Capital markets are the markets where securities such as shares and bonds are issued to raise medium to long-term financing, and where the securities are traded. The securities might be issued by a company which could issue shares or bonds to raise money. Bonds could also be issued by other entitiies in need of long-term cash, such as regional or national governments. The securities are issued in what is known as the primary market and traded in the secondary market. In the primary market a company would have face to face meetings to place its securities with investors. A company might work with an investment bank who would act as an intermediary and underwrite the offering.

 

 

2. Define the term “Stock Exchange”. Briefly discuss the causes of price fluctuations in Equity markets.

Answer : A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as “continuous auction” markets, with

 

 

 

3. What do you mean by Listing? Discuss the advantages, limitations, criteria and requirements of listing.

Answer : Listing means admission of securities to dealings on a recognised stock exchange. The securities may be of any public limited company, Central or State Government, quasi governmental and other financial institutions/corporations, municipalities, etc.

The objectives of listing are mainly to :

 

 

4. Write short notes on credit rate agencies giving examples. Describe the factors that are to be considered by these agencies while rating the securities.

Answer : A CRISIL rating reflects CRISIL’s current opinion on the relative likelihood of timely payment of interest and principal on the rated obligation. It is an unbiased, objective, and independent opinion as to the issuer’s capacity to meet its financial obligations.

So far, CRISIL has rated 30,000 debt instruments, covering the entire debt market.

The debt obligations rated by CRISIL include:

 

 

 

5. Write a short notes on

 (a) Forward contract

Answer :A forward contract is an agreement between two parties to buy or sell an asset (which can be of any kind) at a pre-agreed future point in time at a pre-agreed price. A futures contract is a standardized contract, traded on a futures exchange, to

 

 

 

(b) Hedging

Answer : Hedging means reducing or controlling risk. This is done by taking a position in the futures market that is opposite to the one in the physical market with the objective of reducing or limiting risks associated with price changes.

 

 

(c) Arbitrage

Answer : In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices. When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state; in simple terms, it is the possibility of a risk-free profit after transaction costs. For instance, an

 

 

d)Option Contracts

Answer : An options contract is an agreement between a buyer and seller that gives the purchaser of the option the right to buy or sell a particular asset at a later date at an agreed upon price.  Options contracts are often used in securities, commodities, and real estate transactions.

 

How it works/Example:

 

There are several types of

 

 

 

6. Briefly discuss the financial markets in India. Distinguish between capital & Money markets.

Answer : What is India Financial Market? What does the India Financial market comprise of? It talks about the primary market, FDIs, alternative investment options, banking and insurance and the pension sectors, asset management segment as well. With all these elements in the India Financial market, it happens to be one of the oldest across the globe and is definitely the fastest growing and best among all the financial markets of the em

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BM0022- FINANCIAL SERVICES

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ASSIGNMENT

 

DRIVE WINTER 2013
PROGRAM Bachelor of Commerce in Information System
SUBJECT CODE & NAME BM0022- FINANCIAL SERVICES
SEMESTER 5
BK ID B0431
CREDITS 4
MARKS 60

 

 

Answer all the questions. Each question carries 10 Marks.

 

 

1. “Financial firms are a specialized part of economic system – Discuss

 

Answer : In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the greatest important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are regulated by the government.

Broadly speaking, there are three major types of financial institutions:

 

Depositary Institutions : Deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies,

 

 

2. What is leasing? Discuss the differences between financial lease & operating leasing

 

Answer : Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments.

The lessee is the receiver of the services or the assets under the lease contract and the lessor is the owner of the assets. The relationship between the tenant and the landlord is called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called rent. A gross lease is

 

 

3. Write short notes on following

 

a. Industrial finance corporation of India (IFCI)

 

Answer : IFCI Ltd. was set up in 1948 as Industrial Finance Corporation of India, a Statutory Corporation to provide medium and long term finance to industry. After repeal of IFCI Act in 1993, IFCI became a Public Limited Company registered under the Companies Act, 1956. IFCI is now a Government controlled company

 

b. Industrial credit & Investment Corporation of India (ICICI)

Answer : The Industrial Credit and Investment Corporation of India was registered as a private limited company in 1955. It was set up as a private sector development bank to assist and promote private industrial concerns in the country.

Broad objectives of the ICICI are:

(a) to assist in the creation, expansion

 

 

 

c. IDBI

Answer : IDBI Bank Limited (IDBI) is an Indian financial service company headquartered in Mumbai, India. RBI has categorised IDBI as an “other public sector bank”. It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry.

 

 

 

d. SIDBI

Answer : Small Industries Development Bank of India is an non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial

 

 

 

 

 

4. Give the importance & principles of insurance sector in India

Answer : The main objective of every insurance contract is to give financial security and protection to the insured from any future uncertainties. Insured must never ever try to misuse this safe financial cover.

Seeking profit opportunities by reporting false occurrences violates the terms and conditions of an insurance contract. This breaks trust, results in breaching of a contract and invites legal penalties.

 

 

 

5. Give the importance of hire purchase & lease financing compare & distinguish both

Answer : Hire purchase (HP) or leasing is a type of asset finance that allow firms or individuals to possess and control an asset during an agreed term, while paying rent or instalments covering depreciation of the asset, and interest to cover capital cost.

 

Assets are defined as anything of monetary value that is owned by a firm or an individual. Assets listed on a firm’s balance sheet can include tangible items such as

 

 

6. Give a shout notes on various agencies of housing finance existing in India.

Answer : Housing finance is a relatively new concept in India comparing to other financial services that are widely available in the country since a long year back. However, the speedy development in housing and various housing activities have understandably led to the growth of Indian housing finance market. As a result, a number of players have barged into the market. Here, find the list of top 10 housing finance companies in India.

 

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BM0021-Financial Management

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ASSIGNMENT

 

DRIVE WINTER 2014
PROGRAM Bachelor of Commerce in Information System
SUBJECT CODE & NAME BM0021-Financial Management
SEMESTER 5
BK ID B0082 & B0083)
CREDITS 4
MARKS 60

 

 

Answer all the questions. Each question carries 10 Marks.

1. Without proper administration and effective utilization of finance, no business enterprise can utilize its potentials for growth and expansion. Discuss

 

Answer : Small business and entrepreneurship form an integral part of a healthy national economy. The valuable contributions of small businesses are widely recognized by all sectors of society, as can be seen by the many efforts to aid small businesses taking place at the federal, state, and local level. Yet, in spite of this increased awareness access to capital continues to be the most difficult challenge for small business owners. The often cited

 

 

2. An investor can profitably employ a rupee received today to give him a higher value to be received tomorrow or after a certain period. Explain.

 

Answer : ‘Money has time value´. i.e, the value of money changes over a period of time The value of a rupee received today is different from the value of a rupee to be received after a year. A rupee today has value than a rupee after a year.

 

Factors contributing to the Time Value of Money

 

 

 

 

 

3. Mr. Ramanathan deposited Rs.5000 at the end of every year for 5 years in his savings account paying 4% interest compounded annually. Determine how much sum of money he will have at the end of the 5th year.

Answer : The formula to be used here is as follows:

 

A = P (1 + i)n, Where A = Amount, P

 

 

 

 

4. X ltd has issued 8% preference shares of Rs.100 each. The preference shares are redeemable after 5 years. The appropriate capitalization rate is 8%.

Answer : Here the question is not clear – but apparently the examiner wants you to calculate the value of the share which is calculated as follows:

 

 

 

 

5. Mr. Rao holds an equity share that gives him an annual dividend of Rs.20. He expects to the share price would be Rs.200 at the end of the year. Calculate the value of the share if the discount rate (required rate of return) is 12%. Should he hold / sell it?

 

Answer : To calculate the value of the equity share the following formulae has to be adopted:

 

Po = D1/(1+r) + P1/(1

 

 

 

 

 

 

 

6. Briefly explain Capital Budgeting Process.

Answer : The steps involved in the capital budgeting process are:

(i) Project Generation

(ii) Project Evaluation

(iii) Project Selection

(iv) Project Execution.

(i) Project Generation:

Investment proposals of various types may originate at different levels within a firm. The investment proposals may fall into one of the following categories:

1. (a) Proposals to add new product to the product line.

(b) Proposals to expand capacity in existing product lines.

2. Proposals designed to reduce costs in the output of existing products without altering the scale of operation.

The investment proposals of any type can originate at any level from top management level to the worker’s level. The proposal may originate systematically or haphazardly. In view of the fact that enough investment proposals shou

 

 

 

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BM0020- ELECTRONIC BANKING

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ASSIGNMENT

 

DRIVE WINTER 2014
PROGRAM BCOMIS
SUBJECT CODE & NAME BM0020- ELECTRONIC BANKING
SEMESTER 5
CREDITS 2
MARKS 30

 

 

Note: Each Question carries 5 marks.

 

1. What is ECS? Discuss the main components and benefits of ECS?

Answer : Electronic Clearing Service

ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature. ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc., or for bulk collection of amounts towards telephone / electricity / water dues, cess / tax collections, loan installment repayments, periodic investments in mutual funds, insurance premium etc.

 

 

2. Explain the hurdles in the way of implementation of Basel II.

 

Answer : Basel II has turned the spotlight on enterprise-wide reference data management as the key enabler for collating and organizing business data at a granular level and processing the data to derive accurate regulatory capital. Reference data poses stiffer challenges to data management as the data inconsistencies are complex and difficult to resolve as compared to those related to transaction data. As banks try and get their arms around managing reference data, they typically are confronted with problems of

 

 

3. Explain the concepts of de-materialization and re-materialization.

Answer : What Is Dematerialization?

 

Dematerialization in short called as ‘demat is the process by which an investor can get physical certificates converted into electronic form maintained in an account with the Depository Participant. The investors can dematerialize only those share certificates that are already registered in their name and belong to the list of securities

 

 

 

4. Discuss the concept of online trading and its advantages.

Answer : The general meaning of Online Trading is trading of the stocks with the aid of internet. Online Trading has successfully brought the stock exchange facilities within the easy reach of the people requiring them. There are a number of trading sites today that facilitate Online Trading. With the introduction of Online Trading, the investors, mainly the new ones, who were not actively involved in the market, are now rushing towards it.

 

 

 

 

 

5. Describe the process of funds transfer in a flow chart.

Answer : One of the safest and secure ways to transfer money is by doing a wire transfer. You will need to have a bank account, at the bank where the wire transfer will be done, in order to have the transaction completed. There are other methods of transferring funds but they can prove to be costly. If you are thinking about

 

 

 

6. Explain the concept and advantages of RTGS.

Answer : Real Time Gross Settlement (RTGS) is an electronic form of funds transfer where the transmission takes place on a real time basis.

 

In India, transfer of funds with RTGS is done for high value transactions, the minimum amount being Rs 2 lakh. The beneficiary account receives the funds transferred, on a real time basis. The main difference between RTGS and National Electronic Funds Transfer (NEFT) is that while transfer via NEFT takes place in batches (with

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BM0019-Management Information System

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ASSIGNMENT

 

DRIVE WINTER 2013
PROGRAM Bachelor of Commerce in Information System
SUBJECT CODE & NAME BM0019-Management Information System
SEMESTER 5
CREDITS 4
MARKS 30

 

 

Answer all the questions. Each question carries 10 Marks.

 

 

1. Explain what is meant by MIS? List out the various objectives and characteristics of MIS. What are the various approaches of MIS development? Give examples.

 

Answer :  Definition of MIS:

A. Provides information to support managerial function like planning, organizing, directing, controlling.

B. Collects information in a systematic and routine manner, which is accordance with a well-defined set of rules.

C. Includes files, hardware, software and

 

 

 

2. Explain the need for systems analysis? What is SDLC? What are its limitations?

 

Answer : The ideal for a computer systems analyst is perfect harmony between an organization’s employees, work flow and computer system. With the number of variables involved and the constantly changing conditions within most companies, aligning the three doesn’t come as easy as a snap of your fingers. To pull this off, these professionals must be big-picture oriented and have a clear understanding of how the

 

 

3. What are the advantages and disadvantages of Prototyping? What is RAD? Give one example of RAD based Software.

Answer : The basic idea here is that instead of freezing the requirements before a design or coding can proceed, a throwaway prototype is built to understand the requirements. This prototype is developed based on the currently known requirements. By using this prototype, the client can get an “actual feel” of the system, since the

 

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BC0054 – SOFTWARE PROJECT MANAGEMENT & QUALITY ASSURANCE

 

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WINTER 2013, ASSIGNMENT

 

DRIVE WINTER 2013
PROGRAM BACHELOR OF COMPUTER APPLICATION
SUBJECT CODE & NAME BC0054 – SOFTWARE PROJECT MANAGEMENT & QUALITY ASSURANCE
SEMESTER 5TH SEM
CREDITS 4
MAX. MARKS 60
BK ID

 

B0958

 

 

Answer all questions

 

1  Explain Centralized-Control and Decentralized-Control Team Organization.

 

Answer : An organizational structure is the outline of a company’s framework and guidelines for managing business operations. Small business owners are usually responsible for creating their companies’ organizational structure, which is usually an extension of the owner’s personality, management style and characteristics. Two types of organizational structures are found in the business environment: centralized and

 

2  What is Software Configuration Management? Explain its Goals.

 

Answer : Throughout development, software consists of a collection of items (such as programs, data and documents) that can easily be changed. During software development, the design, code, and even requirements are often changed, and the changes occur at any time during the development. This easily changeable nature of software and the fact that changes often take place require that changes be done in a

 

3  Explain Waterfall life cycle model.

Answer : The Waterfall Model was first Process Model to be introduced. It is also referred to as a linear-sequential life cycle model.  It

 

4  What is Gantt Chart? What are its advantages?

 

Answer : A Gantt chart is constructed by firstly listing all the things that you can think of that need to be done in a project. This could be quite a long list. Then, you should group those tasks under specific headings. For a Gantt chart that is to be used for people to look at regularly so that they can get an idea of what is happening in a project

 

 

 

5  List the various activities under the risk management.

Answer : Four foundational elements frame what executive management and directors need to consider when evaluating the best way to implement enterprise risk management (ERM). These four elements – process, integration, culture and infrastructure – are intended to be flexible in application because strategies, organizational structures, operating philosophies and risk profiles vary in complexity across industries and firms.

 

6  Define

 

a) Software assurance,

 

Answer : Software assurance (SwA) is defined as “the level of confidence that software is free from vulnerabilities, either intentionally designed into the software or accidentally inserted at anytime during its lifecycle, and that the software functions in the intended manner.”

 

The main objective of software assurance is

 

 

(d) Software reviews,

Answer : A software review is “A process or meeting during which a software product is examined by a project personnel, managers, users, customers, user representatives, or other interested parties for comment or approval”.

 

In this context, the term “software product” means “any technical document or partial document, produced as a deliverable of a software development activity”, and may include documents such as contracts, project plans and budgets,

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