MCO-04No. of Printed Pages : 8

MASTER OF COMMERCE

cn1Term-End Examination

00June, 2010

OMC0-04 : 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 followingstatements. 3x5=15

'Economic growth itself was not enoughunless the benefits trickled down to thecommon people'.

'The "case" against efficient and modernretail has been building up for some yearsnow, primarily on account of the lack of anytimely intelligent, coherent, and forcefulrebuttal from either the government orIndian industry even though directly orindirectly they are also stakeholders'.

(c) "Foreign trade facilitates economic growthof a country."

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1 P.T.O.

'We believe that it is not possible to achievea growth rate of 10 per cent through industryand services; simultaneously, more emphasiswill have to be given to rural areas' (Mohan

Dharia).

'Growing foreign exchange reserves are notalways an index of 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

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SECTION - B

Attempt any three questions from this Section : 3x15=45

(a) 'Socially responsible organizations are usuallythe most successful organizations'.Elaborate on the statement.

(b) Explain briefly the various approaches tosocial accounting and reporting.

What do you mean by privatization ? Why is itconsidered necessary today ? Explain the possibleareas of privatization and point out the problemsassociated with privatization in India.

India has experienced extensive structuralchanges in its economy. State and elaborate thechanges in structural features of Indian economysince the inception of planning. Do you agreewith 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 theNarasimham Committee on financial sector reform.What steps have been taken by the Governmentto improve the working of the financial sector ?

8. What is 'business environment' ? Explain themajor elements which constitute the environmentof business. Why is it important for a manager tostudy and scan this environment ?

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3 P.T.O.

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) Take over Code

MCO-04 4

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7 P.T.O.

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