Business Perspectives

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
BUSINESS PERSPECTIVES
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer SEVEN questions out of Ten. ( 7 x 5 = 35)
1. How does business of today different from that of four to five decades ago?
2. What are the essential factors that influence good corporate governance? Discuss the
factors that influence corporate governance.
3. Explain the concept GDP? State the difference between normal and real GDP. What is
the role of GDP inflator?
4. Discuss what money supply is. What are SLR and CRR? How does it affect the
supply of money and credit?
5. What are Public Sector Enterprises? State the objectives of PSEs. What are its
advantages?
6. Write an account on the symptoms of financial bankruptcy and the role of BIFR.
7. State the reasons for regional imbalances. What are the factors that are used to
measure backwardness of a state?
8. What is meant by technology transfer? What are the different levels of technology
transfer?
9. Briefly explain the instruments of fiscal policy.
10. What are the advantages and disadvantages of globalization?
SECTION – B
II) Answer any THREE questions out of Five. (3 x 15 = 45)
11. Discuss the objectives of business? Elucidate on Business and Environment Interface.
12. Elucidate the concepts of national income and its measurement. Highlight the
significance of national income estimate. What are the difficulties faced in the
measurement of national income?
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13. Explain industrial sickness. What are the symptoms of industrial sickness? What are
the reasons for industrial sickness? Discuss the consequences and remedial
measures suggested to overcome sickness.
14. Discuss the various factors associated with environmental cost audit.
15. Elucidate the impact of monetary policy on business. What are the instruments of
monetary policy?
SECTION – C
III) Compulsory Case study (1 x 20 = 20)
16.
Software Revolution
Software Revolution has surpassed all other revolutions by playing a cardinal role in
almost every branch of human activity viz., education, health care, services, the
railways, the civil aviation, banking, insurance, manufacturing, government, media,
entertainment, defense services and a wide range of other sectors. History has been
witness to a revolution that has transformed human revolution, which has transformed
human life and its day-to-day activities beyond description. Several global players have
made it possible for us to become a part of this global village. The fact that India is
making this digital revolution happen, must make every Indian proud of his country,
its great reservoir of talent and the quality leadership endowed with a futuristic vision.
Not to be left behind at any cost in the crazy race for a place of pride in “Global village”,
India too had put in efforts to reach the front line in information technology. Software
technology parks and cyber towers dot the landscape in Thiruvananthapuram,
Bangalore, Chennai, Hyderabad and other cities. The “in thing” now is, digitization of
information which has changed the way we work, play, communicate and live. Once
information is digital it can be shared, duplicated, transferred and edited with ease and
it is synergy that would revolutionize every sector of the economy.
India has done very well in the field of software exports as well as export of IT enabled
services to all rich countries including USA, UK, Germany, Japan etc,- the records are
enviable. The entire world is now moving towards E-commerce, and E-business. By
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2008 India would contribute nearly 4% to 5% of the total E-commerce business – says
Mr. Jayakrishna, Secretary, Union Dept. of IT. It is now 10 years since Microsoft has
been operating in India. Its CEO Mr. Gates visited India first in 1997 and made his
second visit in Sept. 2000; many changes had been noticed within a span of three years.
Gate has hailed India as an IT super power and was all praise for the high quality of
skills of India’s software professionals. He said the key is the quality of the human
talent, here. When people do software projects in India, they do so because this is the
place where they can find people with the latest skills. For the Microsoft R&D centre in
Hyderabad, Mr. Gates announced an additional 55 million dollar over the next three
years to enhance the capacity and drive.
On September 14, 2000, the Bangalore based Infosys technology and Microsoft entered
into a strategic global alliance for developing business solutions in areas of customer
relations management, e-commerce, financial services and insurance. The two
companies would also undertake joint marketing and account planning. Microsoft and
Wipro have also decided to strengthen their ties through collaborative approach by
which Wipro can implement Microsoft platform based e-commerce projects. They could
also work together on expanding opportunities in the Indian markets with the Indian
firm emerging as the largest systems integrator in the country.
Questions:
1. How is India involved in Digital revolution? Why do large MNCs choose India?
2. Comment on the changing trends in the Indian business environment?
3. How is India going to benefit from international trade agreements?

 

1. JOSEPH’S COLLEGE OFCOMMERCE (AUTONOMOUS)

                              END SEMESTER EXAMINATION – OCTOBER 2014

M.COM – I SEMESTER

 BUSINESS PERSPECTIVES

Duration: 3Hrs.                                                                                          Max. Marks: 100

SECTION – A

1. Answer any SEVEN questions. Each carries 5 marks.                          (7×5=35)

 

1. Explain why ethics is important for any business.
2. Discuss the social impact of technology in India.
3. What is meant by the LPG policy?
4. What is CSR? What are the pressures for CSR in businesses?
5. Discuss corporate governance and the factors influencing it.
6. Differentiate fiscal policy and monetary policy with examples.
7. Explain the functions and recommendations of the Finance Commission.
8. What are the agencies in India to rehabilitate sick industries? What are their initiatives?
9. Briefly explain the process of analysis of environment by a business.

Section – B

 

1. Answer any THREE questions. Each carries 15 marks. (3×15=45)

 

10. Discuss the reasons for poor performance of public sector enterprises in India.
11. “A typical business unit seeks to achieve more than one objective.”
12. Explain the reasons for government intervention and regulations in business. What are the types of controls by government?
13. What is industrial sickness? What are its causes and remedies?
14. Explain the objectives and important initiatives of the Industrial Policy 1991.

 

Section –C

• Case Study – Compulsory         (20 marks)

                                                Privatisation is no ideology                                            

The former Prime Minister of India had ruled out privatisation of profit-making public sector undertakings (PSUs). In a press conference, he had specifically ruled out privatisation of GAIL and ONGC. Privatisation need not be an ideological pursuit, we agree. However, we have endorsed privatisation even of profit-making PSUs essentially on the ground that government ownership leads to sub-optimal efficiency. The political culture of the country has become such that PSUs are used by politicians and bureaucrats as a means of patronage and personal enrichment. Given the reality of this political culture, privatisation is indeed the solution. While ruling out privatisation of profitable enterprises in the state sector, the government cannot simultaneously be repudiating the goal of realising the maximum potential of the scarce production assets represented by the PSUs. While the political leaders in economic policymaking bodies have talked about autonomy for PSUs, talk is not enough. PSUs would have to be freed from control by ministries. And this freedom would have to be structured institutionally.

There is no reason for joint secretaries to the government of India to sit on the boards of state-owned companies. There is no reason for PSUs to be needlessly subjected to vigilance, CBI and other inquiries. Why should this country have two classes of owners, in terms of oversight of how well managements discharge their responsibility towards owners? The whole point is that company law, corporate governance, accounting and reporting norms for all companies, whether owned by the government or by the public at large, must ensure that the capital provided to company managements is put to optimal use. That goal can be met by the government acting as a portfolio investor, leaving the actual running of the company to professional management, who can be rewarded or sacked, depending on performance. Institutionalising such genuine autonomy must complement a policy of not privatising profit-making PSUs.

Questions:

16.

1. What are the main issues in this case?
2. What are the reasons for the sub-optimal efficiency of our PSUs?
3. Should profit making PSUs be privatised? Justify your views.
4. Suggest alternate remedial measures for making the PSUs efficient.

(5+5+5+5)