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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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ASSIGNMENT
Course Code : MS - 3
Course Title : Economic and Social Environment
Assignement Code : MS-03/TMA/SEM-I/2017
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment on or before 30th April, 2017 to the
coordinator of your study center.
Question.1. a) Explain the reasons why a business manager be
concerned with business environment?
Answer:A business cannot survive without management because management is its means of
support. Management is concerned with acquiring maximum prosperity with minimum efforts.
Managementis essential wherevergroupeffortsare requiredtobe directed towards achievements
of common goals.
In thismanagementconsciousage,the significance of managementcanhardly be over emphasized.
It is said that any thing minus management amounts
b) Discuss how non-economic environment affects business
decisions giving examples.
Answer:The economic environment consists of external factors in a business market and the
broadereconomythatcan influence abusiness.You can divide the economic environment into the
microeconomicenvironment,whichaffectsbusiness decision making - such as individual actions of
firmsand consumers - and the macroeconomic environment, which affects an entire economy and
all of its participants. Many economic factors act as

2. Question.2. What are the major factors of widespread sickness
among the SSI units? How can sickness be identified? Suggest
measures to enhance economic viability of the segment.
Answer:One of the adverse trendsobservable inthe corporate private sector of India is the growing
incidence of sickness. It is causing considerable concern to planners and policymakers. It is also
putting a severe strain on the economic system, particularly on the banks.
There are various crite-ria of sickness. According to the criteria accepted by the Reserve Bank of
India “a sick unit is one which has reported cash loss for the year of its operation and in the
judgment of the financing bank is likely to incur cash
Question.3. Examine the progress of Indian economy towards
globalization in the post reform years. Comment on the slow pace
of progress of globalization and identify the major reasons.
Answer:Since the mid-1980s,Indiahasslowlyopenedupitsmarketsthrougheconomicliberalization.
After more fundamental reforms since 1991and their renewal in the 2000s, India has progressed
towards a free market economy.
In the late 2000s, India’s growth reached 7.5%,
Question.4. a) What are the major problems of fiscal policy?
Describe.
Answer:Fiscal policy involves the decisions that a government makes regarding collection of
revenue, through taxation and about spending that revenue. It is often contrasted with monetary
policy,in whicha central bank(like the Federal Reserve inthe UnitedStates) sets interest rates and
determines the level of money supply.
a) Is the growth of public expenditure in India justified? Discuss.
Answer:Several theoriesof taxation exist in public economics. Governments at all levels (national,
regional and local) need to raise revenue from a variety of sources to finance public-sector
expenditures. The details of taxation are guided by two principles: who will benefit, and who can
pay.PUBLIC expenditure means the expenditure on the developmental and non-developmetal
activity such as construction of road way, construction of dam and other activity.

3. Question.5. Explain major trends in volume, composition and
direction of India’s foreign trade in recent years. Do you think that
these trends portray a favorable trade environment in the country?
Answer:The Republicof Indiamaintains an ongoing dialogue with the supranational Institutions of
the EuropeanUnionwhichis separate fromthe bilateral relations with sovereign member States of
the European Union.
In Asia the positive public perception of Europe is highest in India.
India, the world's most populous democracy, has
Question.6. Write short notes on the following:
a) Balance of Payments
Answer:The balance of payments,alsoknownasbalance of internationalpaymentsandabbreviated
BoP, of a country is the record of all economic transactions between the residents of the country
and the rest of the world in a particular period (over a quarter of a year or more commonly over a
year).These transactions are made byindividuals,firmsandgovernmentbodies.Thusthe balance of
payments includes all external visible and non-visible transactions of a country. It is an important
issue to be studied, especially in international financial
b) Role of Public Sector
Answer:Here we detail about the following nine important roles played by public sector in Indian
economy,i.e.,(1) Generation of Income, (2) Capital Formation, (3) Employment, (4) Infrastructure,
(5) StrongIndustrial Base,(6) ExportPromotionand ImportSubstitution, (7) Contribution to Central
Exchequer, (8) Checking Concentration of Income and Wealth, and (9) Removal of Regional
Disparities.
1. Generation of Income:
c) Economic Development and Economic Growth
Answer:Economic growth means an increase in real national income / national output.
 Economic development means an improvement in quality of life and living standards, e.g.
measures of literacy, life-expectancy and health care.
 Ceterisparibus,we wouldexpecteconomicgrowthtoenable more economicdevelopment.
Higher real GDP, enables more to be spent on health care and education.
 However,the linkis not guaranteed. The proceeds of economic growth could be wasted or
retained by a small wealthy elite.

4. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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