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DRIVE
WINTER 2017
PROGRAM
Masters of Business Administration -
MBA
SEMESTER
III
SUBJECT CODE & NAME
MB0050
Research Methodology
Q1.
Elaborate Research Applications in Social and Business Sciences.
Research Applications in Social and
Business Sciences
Answer. Research is a crucial element in the area of business. It
helps the decision maker to identify new opportunities for business growth.
Research provides information about various aspects of business, like product
life cycle, consumer behaviour, market opportunities and threats, technological
Q2.Elaborate
Descriptive Research Designs.
Cross-sectional Studies
Longitudinal Studies
Answer.
As
the name implies, the objective of descriptive research studies is to provide a
comprehensive and detailed
Q3. Describe four types of Measurement Scales.
Nominal
Scale
Ordinal
Scale
Interval
Scale
Ratio
Scale
Answer.
There
are four types of measurement scales—nominal, ordinal, interval and ratio. We
will discuss each one of them in detail. The choice of the measurement scale
has implications for the statistical technique to be used for data analysis.
Nominal scale: This is the lowest level of measurement. Here, numbers are
assigned for the purpose of
Q.4
Elaborate all the types of Probability Sampling Design.
Simple
random sampling with replacement (SRSWR),
Simple
random sampling without replacement (SRSWOR),
Systematic
sampling
Stratified
random sampling
Answer.
Under
this, the following sampling designs would be covered—simple random sampling
with replacement (SRSWR), simple random sampling without replacement (SRSWOR),
systematic sampling and stratified random sampling.
Q5.
What is Central Tendency? Elaborate measures of Central Tendency.
Central
Tendency
Mean
Median
Mode
Answer.Think about how you describe a
single piece of numerical data. This is usually done in terms of its value. For
example, in order to describe the number 2, you might put up two fingers or you
might say 2 = 1 + 1. How
Q.6 Define Chi-square Test for the
Goodness of Fit &
Chi-square Test for the Goodness of
Fit
Chi-square Test for Independence of
Variables
Answer-
As discussed before, the data in chi-square tests is often in terms of counts
or frequencies. The actual survey data may be on a nominal or higher scale of
measurement. If it is on a higher scale of measurement, it can always be
converted into categories. The real world situations in business allow for the
collection of count data, e.g., gender, marital status, job classification, age
and
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Master of Business Administration-
MBA
SEMESTER
Semester 3
SUBJECT CODE & NAME
MB0051-Legal Aspects of Business
Qus:1
What is fiduciary relationship in a contract of guarantee? Explain the kinds of
guarantees.
Answer: A contract of guarantee is not a contract “Uberrimae fidei” (requiring utmost good
faith). Nevertheless, the suretyship relation is one of trust and confidence
and the validity of the contract depends on the good faith of the creditor. A
creditor must disclose all facts which, under the circumstances, the surety
would expect not to exist. Hence, where the guarantee is given for good
Qus:2
i) Do you think contract with a minor is valid? Narrate with
the help of the facts and judgement in the case: Mohori Bibee v. Dharmodas
Ghose.
ii)
Explain the rules and remedies for discharge of contract by breach
Answer: The law protects minors against their own inexperience and
the possible improper designs of those who are experienced. The Contract Act
states that only a person who is a major can enter into a contract. Section 3
of the Indian Majority Act, 1875, states that a minor is a person who has not
completed 18 years of age. An agreement with a minor is void and cannot be
ratified by him/her until he/she attains majority. However, a minor can be a
promisee or
Qus:3
i) Narrate the facts and judgement in the case Howell vs. Coupland.
ii)
Who is an unpaid seller? What are the rights enjoyed by an unpaid seller under
the extant provisions of law?
Answer: Case study: Howell vs. Coupland
In this case, the seller agreed to
sell 200 tonnes of potatoes to be grown by him, to the buyer at £2 a ton.
Though he had the resources to grow 200 tons, an attack of pestilence killed
most of the crop and he was able to deliver only 80 tons. The buyer instituted
a suit against the seller for breach of contract
Qus:4
The Banking Regulation Act, 1949, provides various methods of regulation of the
banking business. Elaborate the key areas of regulation.
Answer: Regulation of business
The Banking Regulation Act, 1949,
provides various methods of regulation of the banking business. Some of the key
areas of regulation are:
Power to
provide directions – Sections 21 and 35A of the Act
empower the RBI to regulate the business of banks by issuing
Qus:5
Explain the nature and scope of complaints under the Consumer Protection Act?
Answer: To provide simple, speedy and inexpensive redressal of
consumer grievances, the Act envisages three-tier quasi-judicial machinery at
the district, state and national levels. At the district level, the redressal forum
is called as District Forum. The State Government may, if it deems fit,
establish more than one District Forum in a district. At the state level, there
are to be similar redressal
Qus:6
a) Differentiate between a holder and a holder in due course.
b)
Explain the privileges enjoyed by a holder in due course
Answer: According to Section 9 of the Act, a ‘holder in due course’,
is any person who for consideration:
Becomes the possessor of a bearer negotiable
instrument or is the payee or endorsee of an order instrument, or
Becomes the
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