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BUSINESS ENVIRONMENT

MASTER OF COMMERCE


Term-End Examination


June 2010


MCO-04: BUSINESS ENVIRONMENT



Time: 3 hours                                                     Maximum Marks 100


 

Note:  The paper contains three sections A, B and C. Marks have been indicated against each section/question.

SECTION - A




  1. Comment on any three of the following statements. 3x5=15



  • 'Economic growth itself was not enough unless the benefits trickled down to the common people'.



  • 'The "case" against efficient and modern retail has been building up for some years now, primarily on account of the lack of any timely intelligent, coherent, and forceful rebuttal from either the government or Indian industry even though directly or indirectly they are also stakeholders'.



  • "Foreign trade facilitates an economic growth of a country.


'We believe that it is not possible to achieve a growth rate of 10 percent through industry and services; simultaneously, more emphasis will have to be given to rural areas' (Mohan Dharia). 'Growing foreign exchange reserves are not always an index of the good health of an economy'. 2. Explain any two of the following: 2x71/2=15 Special Economic Zones (SEZs) Convertibility of rupee on capital account (c) Administered prices 3. Distinguish between any two of the following : 2x5=10 Import substitution and Export promotion Balance of Trade and Balance of Payments (c) Monopolistic and Restrictive Trade Practices SECTION - B Attempt any three questions from this Section : 3x15=45 (a) 'Socially responsible organizations are usually the most successful organizations'. Elaborate on the statement. (b) Explain briefly the various approaches to social accounting and reporting. What do you mean by privatization? Why is it considered necessary today? Explain the possible areas of privatization and point out the problems associated with privatization in India. India has experienced extensive structural changes in its economy. State and elaborate the changes in structural features of the Indian economy since the inception of planning. Do you agree with the statement that 'perhaps the weakest and most worrying part is the political economy and governance which hinder the growth of the economy? Explain the framework of Indian financial system. State the major recommendations of the Narasimham Committee on financial sector reform. What steps have been taken by the Government to improve the working of the financial sector? 8. What is 'business environment' ? Explain the major elements which constitute the environment of business. Why is it important for a manager to study and scan this environment? SECTION - C 9. Write short notes on any three of the following: Producer Companies 3x5=15 Evolution of Corporate Legislation in India. EXIM Policy Dualism in Indian Economy (e) Takeover Code
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