COM/I/01 Student's Copy
2 0 1 8
Pre-CBCS
1st Semester
COMMERCE
Business Environment
Full Marks 75
Time 3 hours
PART A—OBJECTIVE
Marks 25
The figures in the margin indicate full marks for the questions
SECTION—A
Marks 10
Indicate whether the following statements are True or False by putting a
Tick mark in the brackets provided 1×10=10
1. Globalization makes business environment increasingly global even for
domestic firms.
T F
2. A recession is characterized by high-level of output, employment and rising
demand and price.
T F
3. Monetary and fiscal policies affect the financial sector and the economy in
general.
T F
4. Savings is defined as personal disposable income minus personal
consumption expenditure.
T F
/182 1 Contd.
5. The fiscal policy is that part of government policy which is concerned with
raising revenue through taxation an other means and deciding on the level
and pattern of expenditure.
T F
6. The economy of India had undergone significant policy shifts in the
beginning of the 1990's.
T F
7. The Twelfth Plan Period is relating to 2012-17.
T F
8. Philippines is not a member of ASEAN.
T F
9. The Green Revolution involves development of technology transfer
initiatives.
T F
10. The NITI Aayog is a policy think tank of the Government of India with all
Chief Ministers as its members.
T F
SECTION—B
Marks 15
Write short notes on the following 3×5=15
1. Elements of business environment
2. Agrarian economy
3. Parallel economy
4. Rural credit
5. World Bank
COM/I/01/182 2 Contd.
PART B—DESCRIPTIVE
Marks 50
The figures in the margin indicate full marks for the questions
Answer one question from each Unit
UNIT—I
1. What is business environment? State the importance of its study. 3+7=10
2. What is Indian planning system? What are the main objectives of the
Twelfth Plan? 4+6=10
UNIT—II
3. What is saving? Explain the relationship between saving and investment.
2+8=10
4. Write short notes on the following 5+5=10
Monetary policy
Fiscal policy
UNIT—III
5. Discuss the various poverty alleviation programmes adopted by the
Government of India from time to time. 10
6. How to overcome the regional imbalances in India? Give your opinion. 10
UNIT—IV
7. What are the factors responsible for low productivity in Indian agricultural
sector? 10
8. Explain briefly the new agricultural policy in India. 10
COM/I/01/182 3 Contd.
UNIT—V
9. What do you mean by an international business environment? Explain the
different factors that favour an international business environment. 4+6=10
10. Write short notes on the following 5+5=10
ASEAN
UNCTAD