IGNOU MMPC-014 June 2026 Previous Year Question Paper

Q1.What is the nature and significance of ‘Finance Function’ ? Discuss different financial decisions that are taken in a business organization.

Q2.What is the significance of managing cash in an organization ? Explain the different techniques of managing cash flows of an organization.

Q3.Explain Walter’s and Gordon’s models of Dividend theory. How are they different from Irrelevance theory ? [ 3 ]

Q4.What is ‘Working Capital’ and how i s it managed ? Discuss the determinants of working capital.

Q5.What are Financial Market s ? Explain the role and functions of financial markets in an economy.

Q6.What is meant by ‘Corporate Restructuring’ ?

Q7.Describe different types of restructuring and elaborate the reasons of corporate restructuring.

Q8.What do you mean by ‘Time Value of Money’ ? Explain the relevance of Time Value of Money in financial decision making and discuss its application in designing saving products. [ 4 ]

Q9.Initial investment in a machine is ` 2,40,000. It will generate the following net cash flow during its 5 years life : Year Net Cash Flow (`) PV factor at 10% 1 40,000 · 909 2 60,000 · 826 3 70,000 · 751 4 80,000 · 683 5 80,000 · 621 Calculate :

(i) Pay back period

(ii) Net Present Value (NPV) [ 5 ] MMPC–014 ekLVj vkWQ fctusl ,MfefuLVªs'ku@ekLVj vkWQ fctusl ,MfefuLVªs'ku (cSafdax vkSj foÙk)@ ekLVj vkWQ fctusl ,MfefuLVªs'ku (LokLF; ns[kHkky vkSj vLirky çca/ku)@ekLVj vkWQ fctusl ,MfefuLVªs'ku (ykWftfLVDl vkSj vkiwfrZ Ük`a[kyk çca/ku)@ekLVj vkWQ fctusl ,MfefuLVªs'ku (fuekZ.k çca/ku) l=kar ijh{kk twu] 2026 ,e-,e-ih-lh-&014 % foÙkh; izca/ku le; % 3 ?k.Vs vf/kdre vad % 100 Hkkfjrk % 70% [ 6 ] MMPC–014 uksV %

(i) fdUgha ik¡p ç'uksa ds mÙkj nhft,A

(ii) lHkh ç'uksa ds vad leku gSaA 1- ^foÙk dk;Z * (Finance Function ) dh ç Ïfr vkSj egRo D;k gS \ fdlh O;kolkf;d laxBu esa fy, tkus okys fofHkUu foÙkh; fu.kZ;ksa dh ppkZ dhft,A 2- fdlh laxBu esa udnh (Cash) ds çca/ku dk D;k egRo gS \ fdlh laxBu ds udnh çokg (Cash flows ) ds çca/ku dh fofHkUu rduhdksa dks le>kb,A 3- ykHkka'k fl ¼kar (Dividend theory ) ds okYVj vkSj xkWMZu ds ekW Myksa dks le>kb,A os ^vçklafxdrk fl¼kar* (Irrelevance theory) ls fdl çdkj fHkUu gSa \ 4- ^dk;Z'khy iw¡ th* (Working Capital ) D;k gS vkSj bldk çca/ku dSls fd;k tkrk gS \ dk;Z'khy iw¡ th ds fu/kkZjdksa dh ppkZ dhft,A [ 7 ] MMPC–014 5- ^foÙkh; cktkj * D;k gSa \ fdlh vFkZO;oLFkk esa foÙkh; cktkjksa dh Hkwfedk vkSj dk;ks± dks le>kb,A 6- ^dkWiksZjsV iquxZBu * (Corporate Restructuring ) ls D;k rkRi;Z gS \ iquxZBu ds fofHkUu çdkjksa dk o.kZu dhft, vkSj d kWiksZjsV iquxZBu ds dkj.kksa dks foLrkj ls le>kb,A 7- ^eqæk dk le; ewY; * (Time Value of Money) ls vki D;k le>rs gSa \ foÙkh; fu.kZ; ysus esa eqæk ds le; ewY; dh çklafxdrk dks le>kb, vkSj cpr mRiknksa dks rS;kj djus esa blds vuqç;ksx dh ppkZ dhft,A 8- ,d e'khu esa çkjafHkd fuos'k ` 2]40]000 gSA ;g vius 5 lky ds thoudky ds nkSjku [ 8 ] MMPC–014 fuEufyf[kr 'kq¼ udn çokg (Net Cash Flow) mRiUu djsxk % o"kZ 'kq¼ jksdM+ çokg 10% ij PV dkjd 1 40,000 · 909 2 60,000 · 826 3 70,000 · 751 4 80,000 · 683 5 80,000 · 621 x.kuk dhft, %

(i) Hkqxrku okilh vof/k (Payback period)

(ii) 'kq¼ orZeku ewY; (NPV)