Download JNTUA (JNTU Anantapur) MBA (Master of Business Administration) 2019 June Supplementary 1st Sem 17E00102 Business Environment And Law Previous Question Paper
MBA & MBA (Finance) I Semester Supplementary Examinations June 2019
BUSINESS ENVIRONMENT & LAW
(For students admitted in 2017 & 2018 only)
Time: 3 hours Max. Marks: 60
All questions carry equal marks
*****
SECTION ? A
(Answer the following: 05 X 10 = 50 Marks)
1 What is industrial policy of 1991? Explain the components of industrial policy.
OR
2 How do you define globalization? Explain how privatization and globalization made impact on
India economy after 90?s.
3 What is the role of monetary and fiscal in balance of payments adjustment? Explain.
OR
4 What is GATS? Explain the dumping and anti dumping measures in WTO.
5 What is acceptance as per Indian contract act 1872? Explain.
OR
6 How do you explain the concept of capacity to contract and free consent of law? Which contract
is forbidden by law? Explain.
7 How do you explain the formulation of the company? Explain about company?s incorporation and
documents.
OR
8 What are the different kinds of general meeting of a company under company act 1956? What
are the provisions of appointing an auditor under company act 1956? How do you explain
winding-up of a company?
9 Explain digital signature in cyber law. Discuss the provisions relating to e-governance under the
IT act 2000.
OR
10 What is the penalty for destroying computer source code under information technology act 2000?
Explain section 46 under information technology act 2000.
SECTION ? B
(Compulsory question, 01 X 10 = 10 Marks)
11 Case Study:
China?s entry into the WTO has made it more active in the field of international trade through
interactions with other LDCs. Long before joining the WTO, China lowered its tax rates on
several occasions and realized the need for convertibility of the Chinese currency (RMB). After
becoming a member, it has cut the average tax level of over 5000 imported goods from 15.3 per
cent to 12 percent. China is opening its agricultural goods and general goods markets, as well as
services markets. It is expected that all these will boost foreign investment in China.
Contd. in page 2
Page 1 of 2
FirstRanker.com - FirstRanker's Choice
Code: 17E00102
MBA & MBA (Finance) I Semester Supplementary Examinations June 2019
BUSINESS ENVIRONMENT & LAW
(For students admitted in 2017 & 2018 only)
Time: 3 hours Max. Marks: 60
All questions carry equal marks
*****
SECTION ? A
(Answer the following: 05 X 10 = 50 Marks)
1 What is industrial policy of 1991? Explain the components of industrial policy.
OR
2 How do you define globalization? Explain how privatization and globalization made impact on
India economy after 90?s.
3 What is the role of monetary and fiscal in balance of payments adjustment? Explain.
OR
4 What is GATS? Explain the dumping and anti dumping measures in WTO.
5 What is acceptance as per Indian contract act 1872? Explain.
OR
6 How do you explain the concept of capacity to contract and free consent of law? Which contract
is forbidden by law? Explain.
7 How do you explain the formulation of the company? Explain about company?s incorporation and
documents.
OR
8 What are the different kinds of general meeting of a company under company act 1956? What
are the provisions of appointing an auditor under company act 1956? How do you explain
winding-up of a company?
9 Explain digital signature in cyber law. Discuss the provisions relating to e-governance under the
IT act 2000.
OR
10 What is the penalty for destroying computer source code under information technology act 2000?
Explain section 46 under information technology act 2000.
SECTION ? B
(Compulsory question, 01 X 10 = 10 Marks)
11 Case Study:
China?s entry into the WTO has made it more active in the field of international trade through
interactions with other LDCs. Long before joining the WTO, China lowered its tax rates on
several occasions and realized the need for convertibility of the Chinese currency (RMB). After
becoming a member, it has cut the average tax level of over 5000 imported goods from 15.3 per
cent to 12 percent. China is opening its agricultural goods and general goods markets, as well as
services markets. It is expected that all these will boost foreign investment in China.
Contd. in page 2
Page 1 of 2
Code: 17E00102
However, it will not be an unmixed blessing for China. The import bill now is likely to be much
higher than before. So, if China is not able to constantly increase its exports, its current account
balance of payment may pose a problem as in other developing countries. The downside of its
entry to the WTO is that there would be an expanded pressure of neo-liberal globalization and
Western influence in China, which may affect its traditional taboos and culture. China also
actively participates in the activities of the Asian-Pacific economic cooperation organization and
plays a very decisive role in all its policy making processes. Chin?s role in bilateral trade relations
with many developed countries including the USA, the EU, Russia and Japan are strengthened
ever year.
India?s experience with the WTO is not a happy one. Before the introduction of agricultural
liberalization in India, agricultural commodity prices were lower than their international market
prices. Hence, exports of farm products from a country like India were rather a lucrative
proposition for the peasants and as farmers are price?responsive, they used to increase
production for exports. This trend continued in the first phase of globalization in the 1980s.
However, the trend reversed since the 1990s, particularly after the so-called special and
differential treatment of the less developed agriculture by the WTO. The typical LDCs studied by
the FAO showed a rise in the export of agricultural products based in their performance in the
phase of globalization of the 1980s, but in the 1990s in spite of the WTO?s special and
differential policy, the imports of agricultural products as a result of subsidy-induced price fall in
the international market increased several times in these developing countries (FAO 2000).
Since the prices of agricultural products have become lower in the international market.
Indian farm products? exporters have become much poorer. This has led to widespread protest,
frustration and even farmer?s suicides. The growing economic problem has now become a
human problem. In India, agricultural exports as a percentage of total exports went down from
30.7 (1980-81) to 19.4 (1990-91) to 15.4 (1999-2000) to 13.5 (2000-01). The situation is quite
opposite of what was expected. The large amount of imports has created two adverse problems-
export-import imbalance and fall in the prices of domestic food products. Although exports went
up by 83 percent, the import of agricultural products in India escalated to 168 percent. This
export-import imbalance in India has been responsible for a structural adjustment that led to
lower the compound rates of growth of food grains production in India. However, there has been
some sort of apathy towards the agricultural sector, as it is not remunerative any longer, wealthy
peasant (Kulaks) are shifted to other business in the non-agricultural sector, city ward migration
has been increasing and employment in agriculture, mining and quarrying and community and
personal services has indeed decelerated.
Questions:
(a) India?s experience with the WTO is not a happy one. Explain.
(b) What do you think is the likely impact of China?s entry in WTO? Give reasons for your answer.
(c) How has Indian agricultural been affected by the WTO?s policy? Discuss.
*****
Page 2 of 2
FirstRanker.com - FirstRanker's Choice
This post was last modified on 27 July 2020