BBA -tL-O.CHond) — Sem- WIT re) Examination» Sub- Law of Economics. Date — 24 | wfl7 Q.P. Code :20911 [Time: 2% hour] [Marks:75] Please check whether you have got the right question paper. NB: ‘This paper contains 4 questions and all questions are compulsory Q.1 Answer in two sentences (each question carries 2 marks 10 veepe Define FPI Inward and Outward FDI Cartel Rent Seeking Which Article of the Constitution empowers to levy GST in India? 4:2 Short Notes (Any 3) 15 payne Double Taxation treaties Government and automatic route Regulation of Combinations KYC guidelines Tie up sales, Refusal to deal, Exclusive dealing Q.3 Read the case given below and answer the following questions. (Any 2) 20 1 Mr.Z had resided in India during the financial year 1999-2000. He left India on I* August, 2000 for the united states for pursuing higher studies for 3 years. (a) What would be his residential status for the financial year 2000-2001 and during 2001- 20022 (b) define person resident in India? Eddie’s Electric Company emits smoke that dirties the wash hanging at Lucille’s Laundry. Eddie’s can completely abate the pollution by installing scrubbers on its stacks, and Lucille's can completely exclude the smoke by installing filters on its ventilation system. Installing filters is cheaper than installing scrubbers, No one else is affected by this pollution because Eddie’s and Lucille’s are near to each other and far from anyone else. Lucille’s initiates court proceedings to have Eddie’s declared to be a “nuisance”. If the action succeeds, the court will order Eddie's to abate its pollution. Otherwise, the court will not intervene in the dispute. ‘What is the appropriate resolution of this dispute? (a) What is the efficient solution for the above problem as per the economic analysis of the law? (b) What would be the case if both parties were able to bargain together? Page 10f2 ADSSF62224318ABD441CFBD767F690EFQP. Code :20911 3. Assume the following (Coca cola makes an agreement containing a clause that there will be a discontinuation in the supply of goods if the dealer is also dealing in products of supplier's competitors. Gi) If Coca-cola and Pepsi think of merging together for their Indian operations, (a) Is the agreement discontinuing supply allowed under the completion act? State the provisions (b) Is the merger of coca cola and pepsi valid under the competition act? Q4_ Brief answers (Any 3) 1. What is FDI Discuss the costs and benefits of FDI to the multinational enterprise and to the home (source) nation 2. What are the exemptions under GST? 3. Explain what is anti competitive agreements, abuse of dominant position under the competition act, 2002, who may make a reference to the competition commission for an enquiry about the same. 4. What is money laundering, what is the offence of money laundering and what are it punishments? 5. Genesis and scope of remedies under the consumer protection act? Saeoconerenecerconicc Page 2 of 2 ADSSF62224318ABD441CFBD167F690EF