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201 Exam Paper

1. This document appears to be an exam for a business environment course, outlining the structure and questions. 2. Section A includes 10 short answer questions covering topics like defining business environment, features of socialism, objectives of FEMA, and problems faced by the public sector in India. 3. Section B includes 4 long answer questions asking students to discuss components of business environment, objectives of economic planning in India, advantages and disadvantages of inviting MNCs, and features of FEMA.

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80 views3 pages

201 Exam Paper

1. This document appears to be an exam for a business environment course, outlining the structure and questions. 2. Section A includes 10 short answer questions covering topics like defining business environment, features of socialism, objectives of FEMA, and problems faced by the public sector in India. 3. Section B includes 4 long answer questions asking students to discuss components of business environment, objectives of economic planning in India, advantages and disadvantages of inviting MNCs, and features of FEMA.

Uploaded by

Deep Ram
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Roll No. ...................... Total No. of Questions : 07] [Total No.

of Pages : 02

[2037] M.B.A. (Semester - 1st )


BUSINESS ENVIRONMENT MB - 201)
Time : 03 Hours Maximum Marks : 60

Instruction to Candidates: 1) Section - A is compulsory. 2) Attempt any four questions from Section - B.

J-4170[S-2170]
Section - A Q1) (10 _ 2 = 20) a) Define Business Environment.
Business environment encompasses all those factors that affect a company's operations, and includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government activities, social and economic factors and technological developments.

b) What do you mean by cooperative sector?


Cooperative sector combines the government sector with private sector including organizations, financial enterprise, state owned enterprises and government owned too. It does not include household and individual person within the Balance of Payment

c) What are the features of socialism?


The following are the chief features of socialism: 1. Common ownership: Socialism implies social ownership/state ownership of means of production. Common ownership means that the entire structure of production and all natural resources be held in common by all people. This means that every person will stand in equal relationship with every other person with respect to the means of producing the things we need to live, that is, mines, industrial plants, manufacturing units, all land and farms, and all means of transport and distribution. This also means the common ownership of all natural resources. 2. It implies equality of incomes and equality. 3. Economic planning is an essential features of socialism. 4. Social welfare and social security. 5. Classless society: Class is a social relationship that invades and has a corrupting influence on every part of our lives. In socialism, social relationships of common ownership and equality will end class divisions. 6. Lack of incentive.

d) What is the meaning of appropriate technology?


Appropriate technology is an ideological movement (and its manifestations) originally articulated as "intermediate technology" by the economist Dr. Ernst Friedrich "Fritz" Schumacher in his influential work, Small is Beautiful. Though the nuances of appropriate technology vary between fields and applications, it is generally recognized as encompassing technological choice and application that is small scale, labor intensive, energy efficient, environmentally sound and locally controlled. Both

Schumacher and many modern-day proponents of appropriate technology also emphasize the technology as people centered. Appropriate technology is most commonly discussed in its relationship to economic development and as an alternative to transfers of capital-intensive technology from industrialized nations to developing countries. However, appropriate technology movements can be found in both developing and developed countries. In developed countries, the appropriate technology movement grew out of the energy crisis of the 1970s and focuses mainly on environmental and sustainability issues.

e) What are the disadvantages of import of technology? f) What are the objectives of FEMA?
Objectives of FEMA 1. Main objective of apply FEMA is to reduce the restriction on foreign exchange. Now, any offense in foreign exchange will be civil offense not criminal offense. 2. This law's main objective is to increase the flow of foreign exchange in India. Now, under this law, you can bring foreign currency in India without any legal barrier.

g) What are the objectives of World Bank?


OBJECTIVES: 1. Investing in people, particularly through basic health and education 2. Focusing on social development, inclusion governance, and institution-building as key elements of poverty reduction. 3. Strengthening the ability of the governments to deliver quality services, efficiently and transparently 4. Protecting the environment. 5. Supporting and encouraging private business development 6. Promoting reforms to create a stable macroeconomic environment, conducive to investment and long-term planning.

h) Identify problems faced by public sector in India.


The private sector had not been given a significant role in the economic development. The government has entrusted the basic and capital goods industries to the public sector and made it the prime mover of economic development. As a consequence, the private sector has to be satisfied with the secondary role assigned to it. The most important problem was delays due to regulatory structure. There have been too many regulations imposed by the government on the private sector which often resulted in procedural delays. It is estimated that on an average it takes seven years from the conceptual stage to the production stage for any significant investment project to materialise in India. Unrealistic controls influenced by contradictory motives hampered private sector initiative and flexibility. For example, the price controls imposed by the government on many of the goods do not give proper incentive for additional production. Capacity restrictions (with a view to prevent concentration of wealth and economic power) further aggravated the problem. Actually, the government should encourage competition among the rival firms and the resulting increase in production would automatically bring down prices. In complete contrast to this, price controls under conditions of shortage tend to perpetuate shortages, rise of black markets, and possible shifting of investment from controlled items to the production of non-controlled items. Reservation for small scale sector and special initiatives to units in that sector made the large scale sector to stand at a disadvantage. Further the complementarity of the two sectors in the process of growth has been lost. The decentralised sector has been facing the problem of inadequate credit facilities despite the existence of a network of financial institutions. With the economic reforms initiated in 1991, the private sector's prospects appear to be very bright.

i) Identify advantages of inviting Foreign Direct Investment. j) Outline objectives of Indias EXIM Policy. Section - B (4 _ 10 = 40) Q2) Highlight important components of the Business Environment which affect Business organizations, with suitable illustrations. Q3) (a) Highlight important objectives of economic planning in India. (b) Write a note on Social Responsibility of Business. Q4) (a) Critically examine the advantages and disadvantages of inviting Multi National Corporations in India. (b) Briefly outline the objectives of World Bank. Q5) Describe the salient features of FEMA with suitable illustrations. Q6) (a) What are SEBIs guidelines regarding capital issues? (b) Describe Directive Principles of State Policy. Q7) Write notes on : (a) Problems encountered in Technology Transfer. (b) Consumer Protection Act, 1986.

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