Dear students get fully solved
assignments
Send your semester &
Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
MS-03:
Economic and Social Environment
ASSIGNMENT
Course
Code
: MS-03
Course
Title
: Economic and Social
Environment
Assignment
Code : MS-03/TMA/SEM-I/2014
Coverage
: All Blocks
Note:
Attempt all the questions and submit this assignment on or before 30th April,
2014 to the coordinator of your study
center.
1. Suppose you have to set up a new business.
What would be the purpose of visiting selected industrial departments in the
Ministry of Industry and also indicate their functions.
Answer : The ministry aims to develop
the industry to ensure effective contribution in the increase in gross domestic
product and regulation of commercial activity in accordance with the
Constitution and the laws and policy of the state and plan economic and social
development and in particular by the following tasks :
1) Contribute
to the development of general economic policy of the State, plans and programs
needed to implement
2) Develop
and implement a strategy of industrial development and regulation of commercial
activity and propose policies and programs in accordance with the laws in
force.
3)
Proposal and preparation of draft
2. Explain the growth and structure of the
private sector in India.
Answer : The private sector of Indian
economy is the past few years have delineated significant development in terms
of investment and in terms of its share in the gross domestic product. The key
areas in private sector of Indian economy that have surpassed the public sector
are transport, financial services etc.
Indian government has considered plans to take
concrete steps to bring affect poverty alleviation through the creation of more
job opportunities in the private sector of Indian economy, increase in the number
of financial institutions in the
3.
Identify the industrial policy of India in which industries were classified
into three categories. Explain why this industrial policy is called ‘economic
constitution’ of the country.
Answer : A number of new developments
had taken place since the formulation of the 1948 policy. These developments
included the adoption of the constitution of India, successful implementation
of First Five year Plan (1951-55), formulation
of Second Five year plan with greater thrust on industrialisation, adoption of
a socialist pattern of society (Avadi session) as the goal of economic and social policy.
4. Discuss
the Foreign Trade Regime with special emphasis on analytical phases and changes
overtime.
Answer : J. Bhagwati and
A. Krueger defined a set of analytical phases in which exchange control regime
can be found. However 2 important things must be kept in mind -
1. It is not necessary that a country must pass through all the
phases.
2. A country need not pass through the phases in the chronological
sequence as given by Bhagwati and Krueger.
5.
Briefly discuss the financial sector reforms recommended by the Narasimham
Committee.
Answer : The recommendations of Narasimham Committee – II on financial
sector reforms
The main
recommendations of the Narasimham committee are:
1.
Phased reduction of Statutory Liquidity Ratio to 25 % over a period of
five years
2.
Progressive reduction in Cash Reserve Ratio
3.
Phasing out of directed credit programs and redefinition of the priority
sector.
4.
Deregulation of interest rates so as to
6.
Write Short Notes on the following:
a) Sick Industrial Companies Act, 1985
Answer : According to Companies
(Second Amendment) Act, 2002
"'Sick
Industrial Company' means an industrial company which has
i) 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
ii) 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."
c) Administered Prices
Answer : administered price, price
determined by an individual producer or seller and not purely by market forces.
Administered prices are common in industries with few competitors and those in
which costs tend to be rigid and more or less uniform. They are considered
undesirable when they cause prices to be higher than a competitive standard,
when they are accompanied by excessive non-price competition (efforts to
increase sales without enhancing the value of the product), or when they add to
inflationary tendencies—either by failure to lower prices in response to cost
reductions or by increasing prices to maintain a given margin of profit in the
face of rising costs.
The stability of administered prices
is counted by some observers as an advantage in its provision of a basis for
planning. Some consumers have been
Dear students get fully solved assignments
Send your semester &
Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
No comments:
Post a Comment