TYBBI SEM-6 : Turnaround Management (Chapter wise Most Imp Questions with Solutions)

  Paper/Subject Code: 85505/Turnaround Management

TYBBI SEM-6 : 

Turnaround Management

(Chapter wise Most Imp Questions with Solutions)

Chapter 1: Introduction to Turnaround Management

Very Important Questions

1. Define Turnaround Management. Explain its objectives and need.

2. Explain the stages of turnaround process.

3. Difference between Turnaround, Revival and Restructuring.

4. Difference between Crisis Management and Turnaround Management.

5. Explain the role of management in successful turnaround.

👉 This chapter almost always carries one long answer question.

 Chapter 2: Corporate Sickness

Most Repeated Questions

1. Explain causes of Corporate / Industrial Sickness (Internal and External).

2. Explain symptoms and early warning signals of sickness.

3. Discuss factors responsible for business failure.

4. What is Corporate Sickness? Explain its impact on economy.

5. Explain preventive measures of corporate sickness.

👉 “Causes of sickness” is one of the most repeated 10–15 mark questions.

Chapter 3: Business Failure Prediction

Frequently Asked

1. Explain Business Failure Prediction models.

2. Discuss Altman’s Z-Score Model.

3. Explain financial ratios used to predict sickness.

4. Importance of early detection of business failure.

5. Limitations of failure prediction models.

👉 Altman Z-Score is asked very frequently either as long answer or short note.

 Chapter 4: Turnaround Strategies

Very Important Chapter (High Weightage)

1. Explain various Turnaround Strategies in detail.

2. Internal vs External Turnaround Strategies.

3. Financial Restructuring as a turnaround strategy.

4. Operational Restructuring.

5. Strategic Turnaround measures.

6. Downsizing, Divestment and Cost Cutting as revival tools.

👉 This chapter almost always comes for a long answer.

Chapter 5: Corporate Restructuring

Important Questions

1. Meaning and forms of Corporate Restructuring.

2. Financial Restructuring – methods and advantages.

3. Mergers and Acquisitions as turnaround strategy.

4. Debt Restructuring.

5. Role of Asset Reconstruction Companies (ARC).

Chapter 6: Legal Framework (SICA, BIFR, IBC)

Exam Favourite Area

1. Explain Insolvency and Bankruptcy Code (IBC).

2. Role of BIFR in revival of sick companies.

3. Provisions of SICA.

4. Difference between IBC and SICA.

5. Process of insolvency resolution under IBC.

👉 IBC is almost guaranteed in some form.

Chapter 7: Crisis Management & Change Management

Common Questions

1. Meaning and importance of Crisis Management.

2. Difference between Crisis Management and Risk Management.

3. Role of leadership in turnaround.

4. Change Management in revival process.

5. Steps involved in crisis control.