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MS-3 Question Bank

MS-3 Question Bank (10)

MS-3 Question Bank

MS-3 – June-2010

MS-3 : ECONOMIC AND SOCIAL ENVIRONMENT

1. What do you think are the defining characteristics of economic and non-economic environment ? How do these environments impact the business ? Explain with examples.

2. (a) 'The small scale industry has found a place of prominence in the successive industrial policies of India'. Keeping this statement in mind, elaborate upon the industrial policy for small scale industries (SSI).

(b) Explain the institutional infrastructure at the central level institutions for SSIs.

3. Experts often argue that industrial licensing policy has impeded competition in India. Evaluate this statement in the light of objectives of industrial licensing policy in India.

4. Explain the EXIM policy charges effected in 1991. How are such measures different from the EXIM policies pursued earlier ?

5. (a) Identify the fundamental differences between exclusive and inclusive growth.

(b) Critically examine the new economic reforms from the viewpoint of its impact on employment.

6. Comment on each of the following statements :

a) India's indebtedness position has improved in recent time

b) India's capital account is now partially convertible.

c) Liberalisation, globalisation and privatization are all means to achieve certain ends of the society.

d) New focus in MRTP act.

7. Write short notes on any four of the following :

a) Balance of payments

b) Tariff and non-tariff barriers

c) Fiscal deficit and revenue deficit

d) Financial Asset structure of household section.

(e) Rao - Manmohan Model of development.

MS-3 – June-2011

MS-3 : ECONOMIC AND SOCIAL ENVIRONMENT

1. Examine the interaction between economic environment and business management. How the environment and management influence each other ? Explain with suitable examples.

2. "The economic environment of business exercises a strong influence on the non-economic environment of business and vice versa". Briefly discuss citing specific interactions.

3. "India today has one of the most diversified industrial structures in the world." Examine the basic structural changes in the economy in the light of the above statement.

5. What are the principal elements of Industrial Policy of 1980 ? Compare it with the Industrial Policy of 1991 and discuss.

6. "Foreign investment and technology will largely be beneficial to India's industrialisation and economic development". In the light of this discuss foreign investment policy and foreign collaborations in the post reform period.

7. Write short notes on any four of the following :

(a) Changing role of Government

(b) Industrial Sickness

(c) Revenue Deficit

(d) Rao - Manmohan Model of Development

(e) Administered Prices

MS-3 – Dec-2007

MS-3 : ECONOMIC AND SOCIAL ENVIRONMENT

1. "The management movement in India has been relatively strong and distinct." Discuss the statement giving examples.

2. Explain industrial sickness. What are the factors responsible for sickness in small scale industry ? What remedial measures would you suggest for tackling the problem ?

3. Critically examine whether the regulatory and promotional policy framework is in accordance with the following goals and objectives of the economy :

(a) To achieve full employment, and

(b) To reduce inequalities in income and wealth.

4. What is the role of external debt in the economic development of a country and what are the implications of a growing external debt ? What measures are needed to check the growth of debt servicing burden ?

5- critically examine the Indian financial system in detail.

6. Comment on the following statements :

(a) Government involvement in Indian economy is a necessity.

(b) currently, consumers in India are conscious of their rights.

(c) Managers in the public sector are simirar to those in private sector; it is the work culture which is the impediment to higher efficiency.

(d) Although business is an economic activity, economic environment of business cannot be considered in isolation. It has to be considered in line with other social, cultural and technological factors.

(e) By keeping the doors open to multinational corporations, India is able to proceed along the.desired path of development.

7. Write short notes on any four :

(a) Social security

(b) Economic reforms and poverty

{c) Social responsibilities of business

(d) Mixed economy

(e) Economic growth

(f) Balance of payments

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