Exam Details
| Subject | business law and ethics | |
| Paper | ||
| Exam / Course | m.b.a. | |
| Department | ||
| Organization | Institute Of Aeronautical Engineering | |
| Position | ||
| Exam Date | June, 2018 | |
| City, State | telangana, hyderabad |
Question Paper
Hall Ticket No Question Paper Code: CMB004
INSTITUTE OF AERONAUTICAL ENGINEERING
(Autonomous)
MBA I Semester End Examinations (Regular) May/June, 2018
unused paper
Regulation: IARE-R16
BUSINESS LAW AND ENVIRONMENT
Time: 3 Hours Max Marks: 70
Answer ONE Question from each Unit
All Questions Carry Equal Marks
All parts of the question must be answered in one place only
UNIT I
1. What is contract? Discuss various types of contracts using examples.
What do you mean by performance of contracts and who demand performance? Also discuss the
rules regarding the order of performance of reciprocal promises?
2. Define the term contract and agreement discuss the essential of valid contract or describe the
requirements of a valid contract.
What do you mean by discharge of contract and explain that in which circumstances a contract
is terminated?
UNIT II
3. Explain various kinds of resolutions passed in meetings convened by the companies using examples.
Discuss the latest amendments in Companies Act 2013 related to appointment of directors.
4. Briefly discuss the various kinds of company meetings. What are the businesses transacted at
the Annual General Meeting?
When a company may wind up voluntary? Discuss the various kinds of voluntary winding up.
Mention the parties involved in voluntary winding up.
UNIT III
5. What is meant by negotiable instrument Difference between cheque and promissory note.
Define endorsement and what are the requirements of valid endorsement and also discuss the
main classifications of endorsement. 7M]
6. What is bill of exchange? State the essential conditions of a bill of exchange.Who are the parties
to a bill of exchange?
What is the significance of endorsement? What are the legal aspects of endorsement?
Page 1 of 2
UNIT IV
7. What are the objectives of fiscal policy?Explain the different components of fiscal policy
Define industrial policy. Discuss about industrial policies in India prior to 1991.
8. Define the term 'business environment'. Discuss the recent developments in Indian economy that
have greatly influenced the working of business units in India.
What is EXIM policy? State its objectives.Highlight the features of EXIM policy 2009-2014.
UNIT V
9. What do you mean by equilibrium and disequilibrium in balance of payment? Explain different
types of balance of payments.
Discuss the causes of disequilibrium in balance of payments.
10. What do you mean by balance of payments? Explain the significance of the current account and
capital account contained in balance of payments.
Explain the different measures to remove deficit in balance of payment.
Page 2 of 2
INSTITUTE OF AERONAUTICAL ENGINEERING
(Autonomous)
MBA I Semester End Examinations (Regular) May/June, 2018
unused paper
Regulation: IARE-R16
BUSINESS LAW AND ENVIRONMENT
Time: 3 Hours Max Marks: 70
Answer ONE Question from each Unit
All Questions Carry Equal Marks
All parts of the question must be answered in one place only
UNIT I
1. What is contract? Discuss various types of contracts using examples.
What do you mean by performance of contracts and who demand performance? Also discuss the
rules regarding the order of performance of reciprocal promises?
2. Define the term contract and agreement discuss the essential of valid contract or describe the
requirements of a valid contract.
What do you mean by discharge of contract and explain that in which circumstances a contract
is terminated?
UNIT II
3. Explain various kinds of resolutions passed in meetings convened by the companies using examples.
Discuss the latest amendments in Companies Act 2013 related to appointment of directors.
4. Briefly discuss the various kinds of company meetings. What are the businesses transacted at
the Annual General Meeting?
When a company may wind up voluntary? Discuss the various kinds of voluntary winding up.
Mention the parties involved in voluntary winding up.
UNIT III
5. What is meant by negotiable instrument Difference between cheque and promissory note.
Define endorsement and what are the requirements of valid endorsement and also discuss the
main classifications of endorsement. 7M]
6. What is bill of exchange? State the essential conditions of a bill of exchange.Who are the parties
to a bill of exchange?
What is the significance of endorsement? What are the legal aspects of endorsement?
Page 1 of 2
UNIT IV
7. What are the objectives of fiscal policy?Explain the different components of fiscal policy
Define industrial policy. Discuss about industrial policies in India prior to 1991.
8. Define the term 'business environment'. Discuss the recent developments in Indian economy that
have greatly influenced the working of business units in India.
What is EXIM policy? State its objectives.Highlight the features of EXIM policy 2009-2014.
UNIT V
9. What do you mean by equilibrium and disequilibrium in balance of payment? Explain different
types of balance of payments.
Discuss the causes of disequilibrium in balance of payments.
10. What do you mean by balance of payments? Explain the significance of the current account and
capital account contained in balance of payments.
Explain the different measures to remove deficit in balance of payment.
Page 2 of 2
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