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DRIVE SPRING 2016
PROGRAM BBA
SEMESTER I
SUBJECT
CODE & NAME BBA 103-BUSINESS ENVIRONMENT
1 Explain the
different instruments of Monetary Policies?
General or quantitative controls
Selective or qualitative controls
Answer: Instruments of
monetary policy
There
are various methods and instruments which the Reserve Bank uses. Some are
general or quantitative methods which control and adjust the total quantity or
size or volume of deposits created by the
2 Discuss the
merits and demerits of Mixed economy.
Merits
Demerits
Answer: Merits
of a mixed economy
a)
Economic and political freedom
It
provides enough scope for private enterprise. Freedom of choice of occupation
exists. People are free to save and invest. Consumers are free to choose the
goods and services they want to consume. A mixed economy provides adequate
civil, political, and economic freedom to the people, subject to certain
restrictions imposed by the government in the interest of the society.
b)
Check on concentration of economic power
The
government
3 Write a note
on the three pillars of free economy namely liberalization, privatization and
globalization.
Liberalization
Privatization
Globalization
Answer: An ideal free
and open economy is based on three principles which are as follows:
Liberalization:
The process of liberating the economy from
governmental regulations and control is
4 Explain
positive and negative effects of New Economic Policy?
Positive Effects
Negative Effects
Answer: Positive
effects of New Economic Policy
Ø Economic
activities have picked up and the growth rate of GDP has shown an impressive
increase.
Ø St
5 Differentiate
GATT and WTO.
Explain GATT
Explain WTO
Answer: Members of all
the trading blocs and agreements are also part of the World Trade Organization,
more popularly known as WTO. WTO is now the only globally recognized trade
organization that deals with the rules of trade between nations. It administers
the rule of law in
6 Write short
notes on the following:
a. Functional
co-operatives
b. Multipurpose
co-operatives
Functional co-operatives
Multipurpose co-operatives
Answer: Co-operative Sector has a
very important role in the development of many other sectors. The Co-operative
sector includes agriculture, retail distribution, housing, rural and small
scale industry etc.
The important objectives of
the development of the Co-operative Sector are:
a. Active
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