Download PTU I. K. Gujral Punjab Technical University (IKGPTU) MBA (Master of Business Administration) 2020 December 1st Sem 75406 Business Environment And Indian Economy Previous Question Paper
Total No. of Pages : 03
Total No. of Questions : 17
MBA/MBA(IB) (2018 & Onwards) (Sem.?1)
BUSINESS ENVIRONMENT AND
INDIAN ECONOMY
Subject Code : MBA-105-18
M.Code : 75406
Time : 3 Hrs. Max. Marks : 60
INST RUCT IONS T O CAND IDAT ES :
1 .
SECT ION-A c ontains EIGHT questio ns carrying TWO marks each an d s tudents
has to attempt ALL que stions.
2 .
SECT ION-B c ons ists of FOUR Subsections : Units-I, II, III & IV. Ea ch Subsection
con tains TWO ques tions each carrying EIGHT marks each and stude nt has to
attemp t any ONE qu estio n from e ach Sub section.
3 .
SECT ION-C is COMPUL SORY and con sist of ONE Case Study carry ing TWEL VE
marks.
SECTION-A
Write short notes on the following :
1.
Macro environment
2.
Socialism structure of market
3.
RTI Act 2005
4.
Deficit financing
5.
SEZ vs. EOU
6.
Reasons behind urbanisation
7.
Frictional unemployment
8.
Economic infrastructure
SECTION- B
UNIT-I
9.
What is the rationale behind studying business environment and also distinguish between
internal and external environment of business.
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10. What are the objectives of fiscal and monetary policy?
UNIT-II
11. What are the various legislations in India to promote healthy competition among various
industries and businesses?
12. Who is a consumer who can file complaint in consumer forum and what are the steps for
redressal mechanism?
UNIT-III
13. Critically evaluate the role of MNCs in India?
14. What are the various anti-dumping measures adopted by Indian government to regulate fair
trade in the country?
UNIT-IV
15. Discuss the changing structure of India's foreign trade since adoption of new economic
policy of 1991.
16. What are the various rural financing measures available to Indian farmers? Also discuss the
implications of borrowing from the unorganised sector.
SECTION-C
17. Case Study :
The public sector Indian Oil Corporation (IOC), the major oil refining and marketing
company which was also the canalising agency for oil imports and the only Indian
company in the Fortune 500, in terms of sales, planned to make a foray into the foreign
market by acquiring a substantial stake in the Balal Oil field in Iran of the Premier Oil. The
project was estimated to have recoverable oil reserves of about 11 million tonnes and IOC
was supposed to get nearly four million tonnes.
When IOC started talking to the Iranian company for the acquisition in October 1998, oil
prices were at rock bottom ($ 11 per barrel) and most refining companies were closing shop
due to falling margins. Indeed, a number of good oil properties in the Middle East were up
for sale. Using this opportunity, several developing countries "made a killing by acquiring
oil equities abroad."
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IOC needed Government's permission to invest abroad. Application by Indian company for
investing abroad is to be scrutinised by a special committee represented by the Reserve
Bank of India and the finance and commerce ministries. By the time the government gave
the clearance for the acquisition in December 1999 (i.e., more than a year after the
application was made), the prices had bounced back to $24 per barrel. And the Elf of
France had virtually took away the deal from under IOC's nose by acquiring the Premier
Oil.
The RBI, which gave IOC the approval for $15million investment, took more than a year
for clearing the deal because the structure for such investments were not in place, it was
reported.
Questions :
a) Discuss internal, domestic and global environments of business revealed by this case.
b) Discuss whether it is the domestic or global environment that hinders the globalisatiom
of Indian business.
c) Even if Elf had not acquired Premier Oil, what would have been the impact of the delay
in the clearance on IOC?
d) What would have been the significance of the foreign acquisition to IOC?
e) What are the lessons of this case?
NOTE : Disclosure of Identity by writing Mobile No. or Marking of passing request on any
paper of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 14 February 2021