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INDIAN SCHOOL OF BUSINESS MANAGEMENT AND
ADMINISTRATION
AN ISO 9001:2015 CERTIFIED INTERNATIONAL B-SCHOOL
Name: Marks: 80
Course: Masters in Business Administration (MBA 4 Sem)
Subject: Business Environment
Answer the following question.
Q1. Discuss strategic Human Resource Management. (10marks)
Answer: Strategic human resource management (SHRM) is an approach to managing human resources that aligns HR strategies and practices with the overall strategic goals and objectives of an organization. It involves the integration of HR policies and practices with the strategic direction of the organization to enhance organizational effectiveness and achieve competitive advantage.
The following are some key components of strategic human resource management:
Alignment of HR strategy with
Q2. Give general trends in India’s national income. (10marks)
Answer: India’s national income has experienced significant fluctuations over the past few decades due to various economic, political, and social factors. Here are some general trends in India’s national income over the years:
1. Post-independence era (1950s to 1970s): During the first few decades after India gained independence, the country’s economy was largely agrarian-based, with a focus on developing the agricultural sector
Q3. What areas does third stage, state plans consider.(10marks)
Answer: The Third Five-Year Plan, which was introduced in India in 1961, marked the beginning of the third stage of state planning in the country. The third stage of planning was characterized by a shift towards more comprehensive and integrated planning, with a focus on social and economic development. The following are some areas that were considered in detail during the third stage of state planning:
1. Agriculture and rural development: The third stage of planning gave significant attention to the development of the
Q4. What steps must be promoted to bring new capacities in Hydel power? (10marks)
Answer: Hydel power, also known as hydroelectric power, is a renewable source of energy that is generated by harnessing the energy of falling or flowing water. India has significant hydropower potential, with estimates suggesting that the country has the potential to generate 148,700 MW of hydropower.
To bring new capacities in hydel power, the following steps can be promoted:
1. Encourage private sector participation: The government can encourage private sector participation in hydropower
Q5. What are the attributes of characterisation of “The New Competition”. (10marks)
Answer: “The New Competition” is a concept that refers to the changing nature of competition in the modern global economy. The following are some of the attributes that characterize the new competition:
1. Globalization: The new competition is global in nature, with companies from different countries competing with each other in markets around the world. This has led to increased competition and a greater need for companies to be competitive on a global scale.
2. Technological innovation: The new
Q6. State the broad objectives that were sought to be achieved by SCRA? (10marks)
Answer: SCRA stands for Special Class Railway Apprentices examination. It was conducted by the Union Public Service Commission (UPSC) until 2015 and was aimed at selecting candidates for the Indian Railways’ Special Class Apprentices (SCA) program. The broad objectives sought to be achieved by SCRA are as follows:
To recruit and train engineering graduates for the Indian Railways: The primary objective of SCRA was to select candidates for the Indian Railways’ SCA program, which aimed to train engineering graduates in various aspects of railway
Q7. Which components should indirect tax system consist of? (10marks)
Answer: An indirect tax system typically consists of the following components:
1. Tax base: This refers to the goods and services that are subject to taxation. The tax base may be broad, covering all goods and services, or it may be narrow, focusing on specific sectors or products.
2. Tax rate: This refers to the percentage of the value of the goods or services that is payable as tax. Tax rates may be
Q8. What are major consequences of expansion in the money supply.(10marks)
Answer: Expansion in the money supply, also known as monetary expansion, refers to an increase in the amount of money in circulation in an economy. This can have several major consequences:
1. Inflation: One of the most significant consequences of monetary expansion is inflation. When the money supply expands, there is more money available to spend, which can lead to an increase in demand for goods and services. If the supply of goods and services remains constant, this increased demand can
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id
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