BE IMPORTANT QUESTIONS

1. What is meant by closed economy environment of industrial business? How can closed economy economic environment be established? What is the rationale for choosing closed economic environment of business? 2. Explain the Industrial Policy Statements since Independence (1948 to 1991). 3. What are the major reasons for choosing open economy environment of industrial business? How can secondary outward looking (or export substitution) be brought about? 4. What are the Objectives of Industrial Policy 1991? Explain the genesis of New Economic Policy 1991 in detail. 5. What is the Government of Indias Policy on Foreign Direct Investments (FDIs)? 6. How does government influence business in India? Is this influence positive, neutral or negative as far as profitability of private business is concerned? Explain with the help of concrete examples. 7. If Businessness do not make an appraisal of the changing environment, they may face loss of competitive advantage. Comment and discuss. 8. Define inflation. Why is inflation undesirable for business and society? Distinguish between demand-pull inflation and cost-push inflation. What policies can you suggest to mitigate inflation? 9. Discuss Indias Development Strategy in terms of planning over the last fifty years. 10. What are the components of Balance of Payments? What makes balances of payments different from balance of trade? 11. Explain the Fiscal Policy of India. What are the Objectives of Fiscal Policy? 12. Analyse the impact of possible of FDI in Multibrand retailing on: a) Kiran Stores b) Super markets like Big Bazaar c) Indian Economy as a whole. Do you think the Indian Government should allow such FDI? Discuss Critically. All the Best!!!