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ASSIGNMENT
Course Code : MS-03
Course Title : Economic and Social Development
Note : Attempt all the questions and submit this assignment on or
before 30th April, 2013 to the coordinator of your study center.
Q1. “Management at all levels of specialized functions
is influenced by the critical elements of the business environment”. Explain with suitable examples.
Ans. Management, at all the
levels of specialized functions, is influenced by the critical elements of
economic environment. For example, when an industry faces business recession,
the management may decide to cut down the rate of production or to pile up inventory
accumulation. When the market is being invaded by an increasing number of
closely substitutable products, the management may decide to go in for
aggressive advertisement or cut-throat
Q2. What is the exact position of China in so far as
its economic system/structure and the role of the Government are
concerned? How would you describe its
economic system?
Ans. China stood as the
second-largest economy in the world after the US, having surpassed Japan. The
dollar values of China's agricultural and industrial output each exceed those
of the US; China is second to the US in the value of services it produces.
Still, per capita income is below the world average. The Chinese government
faces numerous economic challenges, including:
(a)
Reducing its high domestic savings rate and correspondingly low domestic
demand; (b) sustaining adequate job growth for tens of millions of migrants and
new entrants to the work force; (c) reducing corruption and other economic
crimes; and (d)
Q3. Name and briefly describe a sick unit with which
you are familiar or identify one such unit and briefly attempt the following:
(a) Factors which caused sickness, including
management failures and the present position.
(b) Measures, if any, initiated for ensuring its
healthy functioning.
Ans. (a).Causes for Sick Industrial Company
"`Sick
Industrial Company' means an industrial company which has
a)
The Accumulated losses in any financial year equal to 50 per cent or more of
its average net worth during four years immediately preceding such financial
year; or
b)
Failed to repay its debts within any three consecutive quarters on demand made
in writing for its repayment by a creditor or creditors of such company."
The above definition tell us that, one may say that moratorium period has after
all not been done away with — if anything, it has been retained at the same
level of five years. It is clear that the moratorium period has been completely
done away with. For, had the four-year moratorium period
Q4. Define the following:
a) Balance of trade; balance of invisible transfers;
current account balance; capital account balance and balance of payments.
Ans. (a) The Balance
Of Trade is the difference between the monetary value of exports and imports of
output in an economy over a certain period. It is the relationship between a
nation's imports and exports. A positive balance is known as a trade surplus if
it consists of exporting more than is imported; a negative balance is referred
to as a trade deficit or, informally, a trade gap. The balance of trade is
sometimes divided into a goods and a services
b) Prepare a write up on the merits and demerits of
currency convertibility for a developing country.
(b) Currency convertibility or
capital account convertibility is a very simple concept. All it means is that
if you take your rupee to a bank or foreign exchange dealer and want to
exchange it into another currency, such as the US dollar or the euro, it they
should be done exchange the money with no questions asked whatsoever. There
Q5. Collect data on foreign technical and financial
collaborations for the last ten years and write a detailed note on the annual
trends of these collaborations.
Ans. Approvals for Technical
Collaboration Agreements:
The
Reserve Bank considers under the Automatic Route, applications from Indian
companies for foreign technical collaborations, for lumsome payment of
technical know-how fee up to US $ 2 million and/or royalty up to 5% on domestic
sales and 8% on exports over a period of 7 years from the date of commencement
of commercial production or
Q6. a)Distinguish between basic restructuring and
financial restructuring.
Ans. (a) The basic
restructuring is a zero sum game. Strategic restructuring reduces financial
losses, simultaneously reducing tensions between debt and equity holders to
facilitate a prompt resolution of a distressed situation. Corporate
b)Discuss the various organizational measures which
promote privatization.
(b) Ownership
measures: By the extent of ownership transferred the degree of privatization is
judged form the public enterprises to the private sector. Ownership almost
transferred to a separate, co-operative or corporate sector. This can have
three forms:
(a)
Entire Denationalization implies 100% transfer of ownership of a public
enterprise to private sector.
(b)
Joint venture implies partial transfer of a
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