This document provides information about getting fully solved assignments for the MS-03 Economic and Social Environment course. It includes the assignment questions covering all blocks and notes that the assignment should be submitted by April 30th, 2014. It provides answers to 6 questions on topics like the functions of selected industrial departments, growth of the private sector in India, industrial policies and classifications, foreign trade regimes, financial sector reforms, and short notes on sick industrial companies and administered prices. Students are instructed to email their semester and specialization or call for help with assignments.

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MS-03: Economic and Social Environment
ASSIGNMENT
Course Code : MS-03
Course Title : Economic and Social Environment
Assignment Code : MS-03/TMA/SEM-I/2014
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment on or before 30th April, 2014 to the
coordinator of your study center.
1. Suppose you have to set up a new business. What would be the purpose of visiting selected
industrial departments in the Ministry of Industry and also indicate their functions.
Answer : The ministry aims to develop the industry to ensure effective contribution in the increase in
gross domestic product and regulation of commercial activity in accordance with the Constitution
and the laws and policy of the state and plan economic and social development and in particular by
the following tasks :
1) Contribute to the development of general economic policy of the State, plans and programs
needed to implement
2) Develop and implement a strategy of industrial development and regulation of commercial
activity and propose policies and programs in accordance with the laws in force.
3) Proposal and preparation of draft
2. Explain the growth and structure of the private sector in India.
Answer : The private sector of Indian economy is the past few years have delineated significant
development in terms of investment and in terms of its share in the gross domestic product. The key
areas in private sector of Indian economy that have surpassed the public sector are transport,
financial services etc.

2. Indian government has considered plans to take concrete steps to bring affect poverty alleviation
through the creation of more job opportunities in the private sector of Indian economy, increase in
the number of financial institutions in the
3. Identify the industrial policy of India in which industries were classified into three categories.
Explain why this industrial policy is called ‘economic constitution’ of the country.
Answer : A number of new developments had taken place since the formulation of the 1948 policy.
These developments included the adoption of the constitution of India, successful implementation
of First Five year Plan (1951-55), formulation of Second Five year plan with greater thrust on
industrialisation, adoption of a socialist pattern of society (Avadi session) as the goal of economic
and social policy.
4. Discuss the Foreign Trade Regime with special emphasis on analytical phases and changes
overtime.
Answer : J. Bhagwati and A. Krueger defined a set of analytical phases in which exchange control
regime can be found. However 2 important things must be kept in mind -
1. It is not necessary that a country must pass through all the phases.
2. A country need not pass through the phases in the chronological sequence as given by
Bhagwati and Krueger.
5. Briefly discuss the financial sector reforms recommended by the Narasimham Committee.
Answer : The recommendations of Narasimham Committee – II on financial sector reforms
The main recommendations of the Narasimham committee are:
1. Phased reduction of Statutory Liquidity Ratio to 25 % over a period of five years
2. Progressive reduction in Cash Reserve Ratio
3. Phasing out of directed credit programs and redefinition of the priority sector.
4. Deregulation of interest rates so as to
6. Write Short Notes on the following:
a) Sick Industrial Companies Act, 1985
Answer : According to Companies (Second Amendment) Act, 2002
"'Sick Industrial Company' means an industrial company which has
i) The Accumulated losses in any financial year equal to 50 per cent or more of its average net worth
during four years immediately preceding such financial year; or

3. ii) Failed to repay its debts within any three consecutive quarters on demand made in writing for its
repayment by a creditor or creditors of such company."
c) Administered Prices
Answer : administered price, price determined by an individual producer or seller and not purely by
market forces. Administered prices are common in industries with few competitors and those in
which costs tend to be rigid and more or less uniform. They are considered undesirable when they
cause prices to be higher than a competitive standard, when they are accompanied by excessive
non-price competition (efforts to increase sales without enhancing the value of the product), or
when they add to inflationary tendencies—either by failure to lower prices in response to cost
reductions or by increasing prices to maintain a given margin of profit in the face of rising costs.
The stability of administered prices is counted by some observers as an advantage in its provision of
a basis for planning. Some consumers have been
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )