Assignment No. 1

Programme Name : MBA Semester: I Credit: 3
Course Title : Business Environment and
Regulatory Framework

Course Code: MBA605
Submitted Date: Last date of Submission:
Max. Marks: 30 Weight age: 15 Marks
Instructions:
 Sec-A is compulsory which consists of 10 Multiple Choice Questions (1 mark per
question)
 Attempt any five out of seven questions from Sec-B (4 marks each)

Section –A (10 Marks)

1. In which of the following basic categories can
business environment be divided? A. Local and
Regional B. Regional and National. C. Internal
and External. D. Financial and Nonfinancial.

6. A systematic application of scientific knowledge
to practical task is known as________. A.
technology. B. culture. C. demographic. D. legal.

2. ____ is a statement Which derives the role
that an organization plays in a society. A. Goals.
B. Mission. C. Objective. D. Success.

7. The economic system in which business units or
factors of production are privately owned and
governed is called as______. A. capitalism. B.
socialism. C. democratic. D. republic.

3. ______environment is with in the control of
the business. A. Internal. B. External. C. Micro.
D. Macro.

8. Industrial policy of 1948 aimed at ______. A.
industrialization B. growth of agriculture. C.
development of infrastructure . D. development of
service sector.

4. Which is the one not included in national
culture? A. Language. B. Internet. C. Belief. D.
Attitude.

9. Competition is beneficial to the competing firms
besides benefiting the ______? A. producers. B.
intermediaries. C. finances. D. consumers.

5. Culture spreads from one place to anther and
such transmission is called as ________. A.
difference. B. reputation. C. adoption. D.
heritage.

10- Economic growth can be measured by
___________. A. the CPI. B. the CBI. C. GDP. D.
MPC.

Section –B (20 Marks)
Q1. Discuss the impact of economic environment on Business.
Q2. Explain the following: (a) LPG (b) Mixed Economy
Q3. Explain Competition Act 2002 with provisions.
Q4. Explain the instruments of money market and capital market.
Q5. Explain the structure and functions of Commercial banks.
Q6. Discuss the functions and implications of WTO for business environment in India.
Q7. What is Social Responsibility of Business towards its employees and towards Society?