1. Critically evaluate the policy measures adopted by the Government to encourage inflow of foreign capital. Also indicate the hurdles that foreign investors are still facing.

2. Distinguish between any two of the following:

Strikes and lockouts

Speculative Transactions and Investment Transactions

Repo and Reverse Repo rates

3. State the regulatory policy measures prevalent before July 1991. Outline the changing role of government in regulating the market economy in the post -liberalised era.

Explain money market and capital market.

Discuss the importance of stock exchanges for companies investors, and society.

5. Explain any two of the following:

Special Economic Zones (SEZs).

Convertibility of rupee on capital account.

Administered prices.

6. What do you mean by 'privatisation'? Why is it considered necessary today? Explain the possible areas of privatisation and point out the problems associated with privatisation in India.

7. Explain the frame work of Indian financial system. What financial sector reforms have been undertaken by the Government to improve the working of the financial sector?

8. What is 'business environment'? Explain the major elements which constitute the environment of business. Why is it important for a manager to study and scan this environment?

9. Why were economic reforms necessary and what reforms have been introduced? Make a critical assessment of the impact of economic reforms keeping in view the long term objectives of economic development.