March 2009

Master of Business Administration (MBA) Examination

I Semester (Full Time)

Business And Economic Environment

Time : 3 Hours)                                                                                               [Max. Marks : 90

Note :  Attempt any three questions from Section A. Section B Is compulsory.

Section A

1.          What do you understand by Business Environment ? What are the set of forces which affect the Business Environment in a country? Give examples in support of your answer.

2.         (a)        Point opt the difference between Monetary and Fiscal Policy.

(b)        Highlight the Main features of Economic Policy of Govt. of India following Economic Reforms 1991.

3.         (a)        Describe the Law of Demand. Why does it operate ?

            (b)        What are advantages of Demand Forecasting? Write briefly the methods of Demand Forecasting,

4.         (a)        What are the principal features of Oligopoly? How can an oligopoly firm acquire price leadership?

            (b)        Examine briefly the Profit Maximization and Sales Revenue Maximization Theory of firms.

5.         (a)        Write a note on 'Social Responsibility of Business'.

            (b)        What is meant by TQM? What steps are required to achieve TQM?

Section B

6.         Write short notes on the following:

(a)        WTO.

(b)        Consumerism

(c)        Privatization.