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Course : Masters in Business Administration (MBA 4 Sem)
Subject : Business Ethics
Answer the following question.
Q1. Give pts of Narasimhan Committee Report (1991)? (10marks)
Answer: The Narsimham Committee was set up in order to study the problems of the Indian financial system and to suggest some recommendations for improvement in the efficiency and productivity of the financial institution.
The committee has given the following major recommendations:-
Reduction in the SLR and CRR : The committee recommended the reduction of the higher proportion of the Statutory Liquidity Ratio ‘SLR’ and the Cash Reserve Ratio ‘CRR’. Both of these ratios were very high at that time. The SLR then was 38.5% and CRR was 15%. This high amount of SLR and CRR meant locking the bank resources for government uses. It was hindrance in the productivity of the bank thus the committee recommended their gradual reduction. SLR was recommended to reduce from 38.5% to 25% and CRR from 15% to 3 to 5%.
Q2. What are attributes of profession. (10marks)
Answer: Given the purpose of this treatise, a mere attempt to define or simply to conduct an examination of design professionalism would, I believe, be inadequate. In order to responsibly define design professionalism we must first fundamentally understand what a profession is and what conditions are required for it to exist.
Let’s examine the vital, identifying characteristics of a profession and see how, as a collection, they combine to create something distinct from the average vocation.
- Great responsibility
Professionals deal in matters of vital importance
Q3. Write a short note on environment. (10marks)
Answer: All living things that live on this earth comes under the environment. Whether they live on land or water they are part of the environment. The environment also includes air, water, sunlight, plants, animals, etc.
Moreover, the earth is considered the only planet in the universe that supports life. The environment can be understood as a blanket that keeps life on the planet sage and sound.
Importance of Environment
We truly cannot understand the real worth of the environment. But we can estimate some of its importance that can help us understand its importance. It plays a vital role in keeping living things healthy in the environment.
Likewise, it maintains the ecological balance
Q4. Discuss consumerism (10marks)
Answer: While consumption is an activity people engage in, sociologists understand consumerism to be a powerful ideology characteristic of Western society that frames our worldview, values, relationships, identities, and behavior. Consumer culture drives us to seek happiness and fulfillment through mindless consumption and serves as a necessary component of capitalist society, which demands mass production and unending sales growth.
Definitions of consumerism vary. Some sociologists consider it a social condition where consumption is “especially important if not actually central”
Q5. What is cultural ethos? (10marks)
Answer: Ethos is a term with Greek origins, and it refers to the morals, values and beliefs of a person, or even an entire culture. Ethos is also one of the three rhetorical appeals identified by Aristotle. The other two appeals are logos (logic) and pathos (emotion). In persuasive writing, ethos is all about your credibility as an author. Ethos comes in two forms: there is extrinsic ethos, the authority, education and experience of a speaker or author, and intrinsic ethos, the way the speaker goes about the act of persuading, meaning that he or she is skilled or unskilled with language and terminology.
Ethos was one of Aristotle’s three modes of
Q6. Discuss unethical practices vis-à-vis cheating. (10marks)
Answer: Deception, collusions, swindling… sounds like the plot of a best-selling novel. However, these terms are quite common in the commercial circles where immoral practices can be seen by the dozen.
Whether it is a big conglomerate or a small business, the stakes of outperforming the competition are always high. This cut-throat struggle for survival and emerging as a winner attracts a lot of unscrupulous tendencies that have unfortunately become a part of the system. The urge to rule the market has made businesses selfish and all-
Q7. What are some ethical problems in business. (10marks)
Answer: From factory working conditions at the turn of the 20th century, to today’s emphasis on diversity training, the history of workplace ethics is the ongoing story of the relationship between employees and employers.
Ethical Issues in Business
According to the Global Business Ethics Survey of 2018, employees (40%) believe that their company has a weak leaning ethical culture, and that little progress has been made to mitigate wrongdoing. Here are some of the ethical issues in business and real-world cases of how these ethical issues have affected companies.
Q8. Write a note on national consumer duputes redressal commission (10marks)
Answer: The National Consumer Disputes Redressal Commission (NCDRC), India is a quasi-judicial commission in India which was set up in 1988 under the Consumer Protection Act of 1986. Its head office is in New Delhi. The commission is headed by a sitting or retired judge of the Supreme Court of India.The commission is presently headed by Justice R K Agrawal, former judge of the Supreme Court of India.
Section 21 of Consumer Protection Act, 1986 posits that the National Consumer shall have jurisdiction:- to entertain a complaint valued more than one crore and also have Appellate and Revisional jurisdiction from the orders of State
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