MS-03 Economic and Social Environment

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

or

call us at : 08263069601

Assignment

Course Code	MS-03
Course Title	Economic and Social Environment
Assignment Code	MS-03/TMA/SEM-I/2016
Coverage Code	All Blocks

Q.1 a) Examine the interaction between Economic Environment and Business  Management.

Answer: Decisions made by managers are crucial to the success or failure of a business. Roles played by business managers are becoming increasingly more challenging as complexity in the business world grows. Business decisions are increasingly dependent on constraints imposed from outside the economy in which a particular business is based—both in terms of production of goods as well as the markets for the goods produced. The impact of rapid technological change on innovation in products and processes, as well as in marketing and sales techniques, figures prominently among the factors contributing to the increasing complexity of the business environment.

b) Discuss the relationship between economic and non-economic factors with the help of interaction matrix, giving examples.

Answer: The economic environment of business exercises a strong influence on the non-economic environment of business just as the non-economic environment influences the economic environment.  The economic environment is, thus, both exogenous and endogenous. it determines as well as it is determined by non-economic environment. Let us consider a few specific 'interactions'.

The sociological environment affects ant/ gets   the economic environment of business. The social Attitude towards business and management determines how nanny people get attracted to private business as an ‘activity and to management as a career. If business gets a social sanction as a respectable profession, the occupational

Q.2. What is the rationale for private sector development? Critically examine the problems and prospects of privatization.

Answer: Private Sector Development (PSD) is a term in the international development industry to refer to a range of strategies for promoting economic growth and reducing poverty in developing countries by building private enterprises. This could be through working with firms directly, with membership organisations to represent them, or through a range of areas of policy and regulation to promote functioning, competitive markets. Supporters argue that PSD is an important part of poverty reduction.Whether as workers, subsistence farmers or entrepreneurs, most poor people already participate in markets. Strengthening these markets in ways that secure higher incomes for the poor is therefore seen by PSD advocates as a fair and

Q.3. Discuss the merits and demerits of currency convertibility for a developing economy.

Answer: Advantages of Currency Convertibility

1. Encourages Exports

•Market forex rate is higher than officially fixed exchange rates so exporters can get more rupee against foreign exchange;

•low import intensity exports are boosted

2. Import Substitution

•Free or market determined exchange rate is more than previous officially fixed exchange rate

•Imports become expensive and import substitution

Q.4. a) Briefly discuss the significance and need for financial reforms.

Answer: Financial sector reforms have long been regarded as an important part of the agenda for policy reform in developing countries. Traditionally, this was because they were expected to increase the efficiency of resource mobilisation and allocation in the real economy which in turn was expected to generate higher rates of growth. More recently, they are also seen to be critical for macro-economic stability. This is especially so in the aftermath of the East Asian crisis, since weaknesses in the financial sector are widely regarded as one of the principal causes of

b) What reforms have taken place in the small scale sector? Discuss with examples.

Answer: Till 1978, large units were not allowed to produce shoes, which were reserved for the small-scale industries (SSI). Quality was poor, and exports negligible. But that year, the Government permitted large-scale shoe manufacturing, though with the rider of hefty export obligations. Soon, exports began to pick up as the quality and standardisation that these units achieved, created a new awareness of the product in markets abroad. This helped SSI units improve their

Q.5. Examine the impact of economic reforms on growth rate of GDP and FDI.

Answer: Foreign Direct Investment (FDI) is considered as an engine of economic growth. Before the Economic reforms the flow of foreign direct investment to India has been comparatively limited because of the type of industrial development strategy and the various foreign investment policy followed by the nation. Government policy towards foreign capital was very selective. Foreign investment was normally permitted only in high technology industries in priority areas and in export oriented areas. So the inflow of FDI before 1990’s was very low. To fully utilize the

Q.6. Write short notes:

a) Public Sector in the present scenario

Answer: In the current climate of elevated risk created by the vulnerabilities of and threats to the Nations IT infrastructure, cyber security is not just a paperwork drill. Adversaries are capable of launching harmful attacks on IT systems, networks, and information assets.Consequently, many in the industry and critical infrastructure organizations have come to recognize that their continued ability to gain consumer confidence will depend on

b) Economic Development

Answer: Economic development is a term that economists, politicians, and others have used frequently in the 20th century. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment and environmental issues.

c) Importance of Balance of Payments

Answer: The greatest importance of balance of payments lies in its serving as an indicator of changing international economic position of a country. The balance of payments is the economic barometer which can be used to appraise a nation’s short-term international economic prospects, to evaluate the degree of its international solvency, and to determine the appropriateness of the exchange rate of country’s currency.

d) Role of Government.

Answer: GOVERNMENT SHOULD BE BASED UPON SOUND PRINCIPLES :- Such an approach to vital political questions of the day can only lead to public confusion and legislative chaos. Decisions of this nature should be based upon and measured against certain basic principles regarding the proper role of government. If principles are correct, then they can be applied to any specific proposal with confidence.

“Are there not, in reality, underlying, universal principles with reference to which all issues must be resolved whether the society be simple or complex in its mechanical organization? It seems to me we could relieve ourselves of most of the bewilderment

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

or

call us at : 08263069601