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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
Dear students, get assignments and Case studies get solved by professionals
Do send your query at :
or call us at :08263069601