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Course : Masters in Business Administration (MBA
4 Sem)
Subject : Business Environment
Answer the following question.
Q1.Discuss
budgetary developments in 2005-06. (10marks)
Answer: Continuing with the process set in motion in the previous
year, the Budget for 2005-06 sought to further the NCMP objectives of growth,
stability and equity in a calibrated manner. Maintaining a growth rate of 7-8
per cent per annum, promoting investment, generating employment, accelerating
fiscal consolidation, ensuring higher fiscal devolution and focusing on agriculture,
manufacturing and infrastructure were the key objectives. Budget 2005-06 sought
to achieve these objectives through a series of initiatives, which included:
hike in gross budgetary support (GBS) for the plan by 16.9 per cent
Q2. What are the major shortcomings of Indian
commercial banking. (10marks)
Answer: Dr. K.A. Goyal & Vijay Joshi International Journal of Business Research
and Management (IJBRM), Volume (3) : Issue (1) : 2012 20 By the 1960s, the Indian banking industry
had become an important tool to facilitate the speed of development of
the Indian economy.
The Government of
India issued an
ordinance and nationalised the
14 largest commercial
banks with effect from the
midnight of July
19, 1969. A second dose of nationalization of 6 more commercial banks followed in 1980. The
stated reason for the nationalization was to give the government more control
of credit delivery. With the second dose of
Q3. Give
highlights of Management of Foreign Exchange. (10marks)
Answer:
What is FEMA?
It
is a set of regulations that empowers the Reserve Bank of India to pass
regulations and enables the Government of India to pass rules relating to
foreign exchange in tune with the foreign trade policy of India.
Which
Act did FEMA replace?
Q4. Write a note
on National Waterways. (10marks)
Answer: For travelers and goods transportation, water transport is an
important mode. It is the cheapest mode of transportation and the most
convenient for transporting heavy and voluminous goods. Water transport is
favorable to ecology and is fuel efficient.
Water transport can be classified into two parts:
1. Inland waterways
2. Oceanic waterways
Q5. Market
decisions do not ensure optimum allocation of resources. (10marks)
Answer: A Market System is a system where buyers and sellers
interact without the intervention of government regulations. Inherent in this
system is the concept that sellers want to gain maximum price for the goods,
services and resources offered and buyers want to receive value for the lowest
price. The balance of this relationship leads ultimately to the market
equilibrium price. However, important to note in this system is that all
factors external to the “Market” have no effect on this relationship that is government
regulations or policies. Resources are therefore strictly allocated to the
production of those goods which give the sellers
Q6. What are the
harmful effects of circulation of black money. (10marks)
Answer: Black money is a socioeconomic evil. The existence of
rapidly growing black money in our economy has grave and disastrous
consequences. The major effects of black money are discussed below:
1. Dual Economy
The increase in the amount
of black money in India over a period of time lead to the perpetual growth of
economic dualism which consists of Parallel economy (black money economy)
operating side by side with the Official or Reported economy on
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