Note :There are two Sections A and B. Attempt any three questions from Section A. Section B is compulsory.

SECTION A

1. What do you understand by the socio-cultural environment of business and how is it important for business ? Briefly explain with suitable examples.

2. Examine the growth of public sector in India and analyze its contribution to overall economic development.

3. What are the main features of Rao - Manmohan Model of Development ? Do you agree with the statement that while the model succeeded on growth, it failed on equity ? Discuss

4. Analyze the major trends in the growth of lndia's foreign trade and its implications on production, employment and technology

5. "Economic reforms were ad hoc and not driven by clear goals and objectives." Discuss in detail.

SECTION B

6. What are the basic objectives of fiscal policy ? Analyze India's fiscal policy in the light of these objectives.

7. Write short notes on any two of the following :

(a) Management Movement

(b) Relationship between Government and Private sector

(c) Administered price mechanism

(d) Trade policy reforms