Question 1. How does socio-cultural environment affects business decisions-making? Give a brief sketch of the nature of socio-cultural environment prevailing in India.
Question 2. “The scope and coverage of labour legislation are very wide and overlapping”. Elucidate the statement with a brief overview of labour legislation in India.
Question 3. Distinguish between the following;
(a) Capital Market and Money Market.
(b) Speculative Transaction and Investment Transaction
(c) Budla System and Equity Derivatives
(d) Commercial Bill and Treading Bill
Question 4. Comment in the following statements:
(a) The environment within which a business firm operates is highly dynamic and complex
(b) Environment and Management influence each other
(c) Every company encounters certain publics in its environment
(d) Marketing intermediaries constitute an integral part of macro environment.
Question 5. “Economic planning has assumed different forms in different countries. Hence there is hardly any agreement among economists on the concept and nature of economic planning”. Elaborate on this statement.
Question 6. (a) State the causes of disequilibrium in the balance of payments. Suggest measures for establishing equilibrium in the balance of payments.
(b) Explain the concept of globalization as a national policy with particular reference to the policy initiative taken by government of India since 1991.