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of Printed Pages : 7 MCO-04


MASTER OF COMMERCE

Term-End Examination
CY)
December, 2012

MC0-04 : BUSINESS ENVIRONMENT


Time : 3 hours Maximum Marks : 100

Note : Attempt any five questions. All questions carry equal


marks.

1. "Economic conditions, economic policies and 20


systems are important external factors that
constitute the economic environment of a
business." Explain this statement and give Indian
illustrations to show interaction between economic
and non-economic environment.

2. Discuss the institutional framework that has been 20


evolved for the promotion and growth of small
sector in India. What are the major constraints
that are still being faced by the small scale sector?

3. (a) Explain any two of the following : 5,5


(i) Indian Patents Act, 1970, an
Overview.
(ii) Convertibility of rupee on capital
account.
(iii) Administered prices.

MCO-04 1 P.T.O.
(b) Distinguish between any two of the 5,5
following :
(i) Import substitution and Export
Promotion.
(ii) Balance of Trade and Balance of
Payments
(iii) Monopolistic and Restrictive Trade
Practices.

4. What do you mean by privatization ? Why is it


considered necessary today ?Explain the possible
areas of privatization and point out the problems
associated with privatization in India. 5, 5, 10

5. "The scope and coverage of labour legislation are 20


very wide and overlapping." Discuss this
statement by giving an overview of labour
legislation in India.

6. What is 'economic policy'? What are its different


forms? Explain various objectives of fiscal policy.
Why is co-ordination between monetary and fiscal
policies necessary ? 5, 5, 10

7. Discuss the main deficiencies of Indian Money 20


Market, and state the reformist measures
introduced by Reserve Bank of India to strengthen
the Indian Money Market.

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8. (a) State the provisions of the Competition Act 10
2002 with respect to regulation of
monopolies in India.
(b) What are the rights conferred upon 10
Consumers under the Consumer Protection
Act, 1986 ? Who can file a complaint under
the Act ? Explain.

9. Why is foreign capital so important for India's


economic development ? Point out important
Policy changes announced by the Government to
attract foreign capital since July, 1991. 10, 10

MCO-04 3 P.T.O.
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MCO-04 5 P.T.O.
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MCO-04
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MCO-04 7

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