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DRIVE-Spring
2015
PROGRAM-BBA
SEMESTER-I
BK
ID-B1499
CREDIT-4
MARKS-60
Q1.
The External Analysis examines opportunities and threats that exist in the
environment. How is it done? What should business managers do to access the
business environment? (External analysis, Steps for business managers) 5, 5
Answer:The External Analysis examines opportunities and
threats that exist in the environment. Both opportunities and threats exist
independently of the firm. The way to differentiate between a strength or
weakness from an opportunity or threat is to ask: Would this issue exist if the
company did not exist? If the
Q2
Write short notes on:
a.
Fiscal policy
b.
Monetary policy
(Role
and objectives of fiscal policy, Role and objectives of monetary policy) 5, 5
Answer.
Fiscal policy
Fiscal Policy is a
tool, in the hands of the Government, to influence the level of GDP in the
short run, by using taxes and Government Spending. It is about bringing changes
in taxes and spending, so as to affect the demand for goods and services and
hence the output in the short run. The budget deficit is the difference between
its spending and its
Q3. What
is a mixed economy? Discuss the merits and demerits of mixed economy.
(Mixed
economy, Merits, demerits) 4, 3, 3
Answer:
A mixed
economy is an economy which combines the elements of both the capitalist and
the socialist economies. It attempts to combine the best features of both
capitalism and socialism while excluding the demerits of both.
Depending
upon the nature of government intervention, we can differentiate between two
types of mixed economies.
Q4.
Write a note on the three pillars of free economy namely liberalization,
privatization and globalization.
(Meaning,
Effect on Indian economy) 5, 5
Answer:Liberalization: The process of liberating the economy from
governmental regulations and control is known as Liberalization. This results
in greater freedom for private enterprise that leads to faster economic growth.
Overthe last two decades, India has witnessed a gradual liberalization in many major
sectors such as industry, infrastructure, banking, capital market, services and
foreign trade. Liberalization
Q5.
Describe the corporate social responsibility of business houses towards human
resources with an example of an Indian Company.
(Explain
Corporate Social Responsibility, Explain CSR with an example of an Indian
Company) 5, 5
Answer.
Corporate
Social Responsibility
Business is an activity of making,
buying or selling goods or services for money. “Social responsibility” means to
serve the people or the community without expecting anything. Business is meant
to create wealth, new markets, provide employment and produce enough goods to
sustain its activities and to
Q6.
Explain the Indian economy with reference to the service sectors like Education
and Health care.
(Explain
Services sector, Explain the progress made by services sectors like Education
and Health care in India) 2, 8
Answer.
Services
sector
The Services sector is the largest
contributor to the country's GDP (morethan half of India’s GDP). It has
maintained a steady growth since 96-97,except for a fall in 2000-2001 which was
because of the global dot combubble bursting. India has the title of being the
world’s second largestfastest growing economy, in the
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