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MS3 Economic and Social Environment December 2007
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Test Papers / Previous Question Papers of IGNOU MS3 Economic and Social Environment December 2007

MANAGEMENT PROGRAMME
Term-End Examination

MS3(S): ECONOMIC AND SOCIAL ENVIRONMENT

December 2007

Time: 3 hours
Maximum Marks: 100
(Weightage 70%)

Note : (i) There are two Sections A and B.
(ii) Attempt ony three questions from Section A, carrying 20 marks each.
(iii) Section B is compulsary and carries 40 marks.

SECTION A

1. Explain the critical elements of politico legal environment of business, citing examples. What is the impact of politico-legal environment on business ?

2. (a) Analyse the structure and briefly discuss the growth of public sector in the present scenario.

(b) What are the major differences between private And public sectors ?

3. (a) What are the main features of Rao - Manmohan Model of Development ? Do you agree with the statement that while the model succeeded on growth, it failed on equity ?

(b) Give a brief assessment of Industrial Policy of 1980.

4. What are the major changes in Exim policies in the post-reforms period and what are the implications ?

5. Critically examine in detail the foreign investment policy envisaged in the Industrial Policy of 1991.

SECTION B

6. Explain whether the following statements are true or false and give reasons.

(a) It is more important for the government to reduce revenue deficit rather than Gross Fiscal Deficit (GFD).

(b) Business should be re-engineered to imbibe 'a social responsibility with an economic mission'.

(c) The political parties are unlikely to take any major economic decision on merit.

(d) Investors' interest in India is high on account of the market size, but market size alone is not enough to sustain the same interest.

(e) One of the adverse effects of globalisation of the Indian economy is the elimination of small sector In the economy.

7 . Write short notes on any four of the following :

(a) Foreign Direct Investment

(b) The Consumer Movement

(c) Economic Environment of Business

(d) Economic Development

(e) Capital Account Convertibility

(f) Economic Reforms and GDP

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