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ASSIGNMENT
Course Code : MS - 3
Course Title : Economic and Social Environment
Assignement Code : MS-03/TMA/SEM-I/2017
Coverage :
All Blocks
Note: Attempt all the questions and submit
this assignment on or before 30th April, 2017 to the coordinator of your study
center.
Question.1.
a) Explain the reasons why a business manager be concerned with business
environment?
Answer:A business cannot survive without management because management is its
means of support. Management is concerned with acquiring maximum prosperity
with minimum efforts. Management is essential wherever group efforts are
required to be directed towards achievements of common goals.
In this management conscious age, the
significance of management can hardly be over emphasized. It is said that any
thing minus management amounts
b)
Discuss how non-economic environment affects business decisions giving
examples.
Answer:The economic environment consists of external factors in a business
market and the broader economy that can influence a business. You can divide
the economic environment into the microeconomic environment, which affects
business decision making - such as individual actions of firms and consumers -
and the macroeconomic environment, which affects an entire economy and all of
its participants. Many economic factors act as
Question.2.
What are the major factors of widespread sickness among the SSI units? How can
sickness be identified? Suggest measures to enhance economic viability of the
segment.
Answer:One of the adverse trends observable in the corporate private sector of
India is the growing incidence of sickness. It is causing considerable concern
to planners and policymakers. It is also putting a severe strain on the
economic system, particularly on the banks.
There are various criteria of sickness.
According to the criteria accepted by the Reserve Bank of India “a sick unit is
one which has reported cash loss for the year of its operation and in the
judgment of the financing bank is likely to incur cash
Question.3.
Examine the progress of Indian economy towards globalization in the post reform
years. Comment on the slow pace of progress of globalization and identify the
major reasons.
Answer:Since the mid-1980s, India has slowly opened up its markets through
economicliberalization. After more fundamental reforms since 1991and their
renewal in the 2000s, India has progressed towards a free market economy.
In the late 2000s, India’s growth reached
7.5%,
Question.4.
a) What are the major problems of fiscal policy? Describe.
Answer:Fiscal policy involves the decisions that a government makes regarding
collection of revenue, through taxation and about spending that revenue. It is
often contrasted with monetary policy , in which a central bank (like the
Federal Reserve in the United States) sets interest rates and determines the
level of money supply.
a)
Is the growth of public expenditure in India justified? Discuss.
Answer:Several theories of taxation exist in public economics. Governments at
all levels (national, regional and local) need to raise revenue from a variety
of sources to finance public-sector expenditures. The details of taxation are
guided by two principles: who will benefit, and who can pay.PUBLIC expenditure
means the expenditure on the developmental and non-developmetal activity such
as construction of road way, construction of dam and other activity.
Question.5.
Explain major trends in volume, composition and direction of India’s foreign
trade in recent years. Do you think that these trends portray a favorable trade
environment in the country?
Answer:The Republic of India maintains an ongoing dialogue with the
supranational Institutions of the European Union which is separate from the
bilateral relations with sovereign member States of the European Union.
In Asia the positive public perception of
Europe is highest in India.
India, the world's most populous democracy,
has
Question.6.
Write short notes on the following:
a)
Balance of Payments
Answer:The balance of payments, also known as balance of international payments
and abbreviated BoP, of a country is the record of all economic transactions
between the residents of the country and the rest of the world in a particular
period (over a quarter of a year or more commonly over a year). These
transactions are made by individuals, firms and government bodies. Thus the
balance of payments includes all external visible and non-visible transactions
of a country. It is an important issue to be studied, especially in
international financial
b)
Role of Public Sector
Answer:Here we detail about the following nine important roles played by public
sector in Indian economy, i.e., (1) Generation of Income, (2) Capital
Formation, (3) Employment, (4) Infrastructure, (5) Strong Industrial Base, (6)
Export Promotion and Import Substitution, (7) Contribution to Central
Exchequer, (8) Checking Concentration of Income and Wealth, and (9) Removal of
Regional Disparities.
1.
Generation
of Income:
c)
Economic Development and Economic Growth
Answer:Economic growth means an increase in real national income / national
output.
· Economic development means an improvement in
quality of life and living standards, e.g. measures of literacy,
life-expectancy and health care.
· Ceteris paribus, we would expect economic
growth to enable more economic development. Higher real GDP, enables more to be
spent on health care and education.
·
However,
the link is not guaranteed. The proceeds of economic growth could be wasted or
retained by a small wealthy elite.
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
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us at : 08263069601
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