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 BUSINESS ENVIRONMENT

  Hello student`s

Welcome to our Institute. We are here to provide you a Questions Papers for Year 2008 , 2009 and 2011

YEAR-2008                   M.B.A-I semester


Time:3 Hours                                                                                          Total Marks:-70

The Questions paper is divided into three sections.Sections A contains 10 questions of 02 Marks each. All questions are compulsory.

Section B will contain 05 questions of 10 marks each. The candidate are required to answer three questions from this section.

Section C is of 20 Marks and contains case studies or numerical problems only. Question for 40 marks are given in this section.

SECTION-A


Q.1 What do you mean by 'Foreign Trade Policy'? Does it have any relation with the Forex of a country?
Q.2 What is the rationale of 'Privatization'?
Q.3 What are the basic characteristics of 'Mixed Economic System'?
Q.4 Which role of Government is most important in present economic scenario and why?
Q.5 Why 'Environment Scanning' is important for business planning and policy decisions?
Q.6 What are the main important technological factors which influence business environment?.
Q.7 What do you mean by 'Political Environment'? Does it have economic implications?
Q.8 Explain the relevance of values in Management?
Q.9 Define corporate citizenship. Does it have any relation with social responsibility of business?
Q10 What is 'Foreign Direct Investment'(FDI)? Mention its main characteristic.

SECTION-B


Q11 "Conceptually social reponsibility may be taken to mean intelligent and objectives concern for the welfare of the society." Explain this statement in the light of social responsibility of business towards different groups of society.

Q12 "The new economic policies of India have done more good than harm to the country." Do you agree with this statement? Support your answer with logic and facts.

Q13 "The role of Government in the economy of nation has been changing with change in circumstances.".Explain this statement in the light of various roles of Government in the indian Economy.

Q14 "The commercial banking in the country has witnessed sea changes in recent past." Elucidate this statement by advancing latest facts and figures.

Q15 Write a critical note on present business environment in India.

SECTION-C


Case Study

Basmati is aromatic rice grown in India and Pakistan. In September 1997, Rice Tec, a small food technology company based in Texas (U.S) was granted a patent by the U.S. Patent office to call an aromatic rice variety developed in U.S.A Basmati India challenged the case, arguing that Basmati India challenged the case, arguing that Basmati is unique aromatic rice grown in Northern India and note a name Rice Tec could claim.In fact only inventions can be patented. Consequently, the U.S. patent office accepted India`s position and Rice Tec managed to evolve three new varieties of rice for which it got a patent from United States Patent and Trademarks Office(USPTO), as India had not objected to these. The ruling has not handed over Rice Tec the Basmati Brand. Rather it provides it a patent for superior three strains of Basmati developed by cross-breeding a Pakistani Basmati with a semi dwarf American variety.

According to the WTO agreement, geographical indication like Basmati can be legally protected and their misuse can be thus prevented. The unfortunate thing is that Government of India has not taken timely steps for protecting our geographical indications and bio-diversity. Although a geographical indications of Goods Bill was introduced in Indian Parliament in 1999, even at the end of 2001, it had not become an Act.

Questions:

Ques i) Can any of the following be patented?
a) Turmeric
b) Neem
c) Name Basmati
Substantiate your answer

Ques ii) Evaluate the role played by the Government of India`s in preventing the misuse of name of Basmati

Ques iii) Was seeking patent by Rice-Tec ethical? Substantiate

TELCO opened bookings for different models of its proud small car 'Indica' in late 1998. The 40 consumers response was overwhelming. Most of the bookings were of AC models, DLE and DLX. The DLE model accounted for more than 70 per cent of the bookings. TELCO has planned to commence delivery of the vehicles by early 1999. However, delivery schedules for the AC models were upset because of some problems on the roll out front. According to a report in the Economic Times dated March 13, 1999, TELCO officials attributed the delay to non-availability of air conditioning kits.

Subros Ltd. supplies AC kits for the DLE version and Volta`s is the vendor for the DLX version. Incidentially subros is also the AC supplier to Maruti Udyog Ltd.TELCO officials alleged that subros was being pressured by the competitor to delay the supply of AC kits."If the continues, we will be forced to ask Volta`s to supply kits for the DLE version too," a company official said.



Questions:

Ques i) Why did e availability TELCO land itself in the problem(supply problem in respect of AC kits)?

Ques ii) If the allegation about the supplier is right,discuss the implications for the supplier.

Ques iii) Evaluate the ethical issues involved in the case( Also consider the fact the Maruti Udyog Ltd. was 50 per cent Government owned)

YEAR-2009


Time: 3Hours                                                                                           Total Marks: 70

This Question paper is divided in two sections. Section A contains 6 questions out of which the candidate is required to attempt any 4 questions. Section B contains short case study/application based one question which is compulsory. All questions are carrying equal marks.

SECTION-A


Q.1 Define Socio-cultural environment of business. Discuss the interaction between Socio-cultural elements and the business.    [4+10]

Q.2 " It is difficult to make a categorical statement whether Indian Managers are discharging their social responsibility" Comment on this statement     [14]

Q.3) Discuss the recent trends in Foreign Direct Investment in India    [14]

Q.4) "Theoretically mixed economy is better but practically it is unsuitable". Discuss.   [14]

Q.5) "Good ethics promotes good business".Explain this statement and give its importance in business ethics     [10+4]

Q.6) What is the leberalization? Discuss the impact of liberalization and privatization on Indian economy.     [10+4]

SECTION B


Ques 7) Case study         [14]

Basmati is an aromatic rice grown in india and Pakistan. In September 1997, Rice Tec a small food technology company based in Texas(U.S) was granted a patent by the U.S.Patent office to call an aromatic rice variety developed in U.S.A. Basmati India challenged the case, arguing that Basmati is a unique aromatic rice grown in Northern India and not a name Rice Tec.could claim. In fact only inventions can be patented. Consequently, the U.S. Patent office accepted India`s position and Rice Tec. had to drop 15 of the 20 claims that it had made, of the remaining claims Rice Tec. managed to evolve three new varieties of rice for which got a patent from United States Patent and Trademarks Office(USPTO) as India had not objected to these. The ruling has not handed over Rice Tec. The Basmati Brand. Rather it provides it a patent for superior three strains of Basmati developed by cross-breeding a Pakistani Basmati with a semi dwarf American variety.

According to the WTO agreement, geographical indications like Basmati can be legally protected and their misuse can be thus prevented. The unfortunate thing is that Government of India has not taken timely steps for protecting our geographical indications of Goods Bill was introduced in Indian Parliament in 1999, even at the end of 2001, it had not become an Act.



Questions
Ques i) Can any of the following be patented?
a) Turmeric
b) Neem
c) Name Basmati
Substantiate your answer

Ques ii) Evaluate the role played by the Government of India`s in preventing the misuse of name of Basmati

Ques iii) Was seeking patent by Rice-Tec ethical? Substantiate

YEAR-2011


Time: 3Hours                                                                                           Total Marks: 70

This Question paper is divided in two sections. Section A contains 6 questions out of which the candidate is required to attempt any 4 questions. Section B contains short case study/application based one question which is compulsory. All questions are carrying equal marks.

SECTION-A

Q.1 "Environmental scanning should provide inputs for strategic decision making" Elaborate.[14]

Q.2 Describe the organizational strucutures suitable for an MNC.    [14]

Q.3 (a) Bring out the economic implications of technology.
(b) What is Government? What are its responsibilities to business?   [7+7]

Q.4 (a) What is economic environment? How is it important for business.?
(b) What is FRBM Act? What are its objectives ? Bring out its provisions.   [9+5]

Q.5 (a) What is consumerism? How does it affect business?
(b) How is ethics managed in a business unit?      [7+7]

Q.6 Write short note :
(a) Corporate Governance
(b) FEMA
(c) Fiscal Policy           [5+5+4]

SECTION B

Case Study :

       The Public sector Indian Oil Corporation(IOC), the major oil refining and marketing company which was also the canalizing agency for oil imports and the only Indian company in the fortune 500, in terms of sales planned to make a foray into the foriegn market by acquiring a substantial stake in the balal oil field in Iran of the premier oil. The project was estimated to have recoverable oil reserve of about 11 million tones and IOC was supposed to get nearly four million tones.

        When IOC started talking to the Iranian company for the acquisition in October 1998, Oil prices were rock bottom ($ 11 per barrel ) and most refining companies were closing shop due to falling margins. Indeed a number of good oil properties in the Middle East were up for sale. Using this opportunity several developing countries "made a killing by acquiring oil equities abroad.

       IOC needed government permission to invest abroad. Application by Indian company for investing abroad is to be scrutinized by a special committee represented by the Resever Bank of India and the finance and commerce ministires. By the time the government gave the clearance for the acquisition in December 1999( i.e more than a year after the application was made), the prices had bounced back to $24 per barrel. And the EIF of France had virtually took away the deal from IOC`s nose by acquiring the premier Oil.

          The RBI which gave IOC the approval for $15 Million investment, took more than a year for clearing the deal because the structure for such investment were not in a place, it was reported.


(i) Discuss internal, domestic and global environments of business revealed by this case.
(ii) Discuss whether it is the domestic or global environment that hinders the globalization of Indian business.
(iii) Even if EIF had not acquired premier Oil, what would have been the impact of the delay in the clearance of IOC?
(iv) What would have been the significance of the foreign acquisition to this case?     [14]
 
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