Course Code : MS-3 Course Title: Economic and Social Environment Assignment No. : MS-3/TMA/Sem-II/2020 1. a) State the impact of social environment on business. b) Examine how sociological environment affects and gets affected by the economic environment of business. Give examples. 2. State the main objectives of industrial policy, 1991. Critically assess the industrial policy of India particularly with respect to economic liberalization and globalization. 3. “Foreign Direct Investment (FDI) is increasingly important in economic development because of its close links in trade, financial flows and technology transfer”. Explain the above statement and examine the policy of the government in promoting foreign capital in India. 4. Discuss the role of public sector in India. Examine the achievements by public sector of India. 5. Write short notes: a) Small Scale Industries. b) Globalization. c) Balance of Payments. d) Social Responsibilities of Business.