DU SOL M.Com Question Paper 1st Year 2018 Sem 2 Business Environment

fThis cluestion paper contains 4 printed pages.]

4142 Your Roll No. ..............

M.COM. : SEMESTER - II (OC) G

Paper No. - 6202

Business Environment

Time : 3 Flours Maximum Marks: 100

(Irrite your Roll No. on the top immediately
on receipt of this question paper.)

Attempt All questions.
Each question carries equal marks.
Label figures properly.

1. (a) Show the impact of income tax cut by the government
using IS-LM model under two assumptions, (i) the
government keeps interest rates constant through
an accommodating monetary policy, (ii) the money
stock remains unchanged. Explain the difference in
results. Q0)

OR

,,

(b) What do you understand by globalization and
Iiberalization ? How has globalization and liberalization
impacted business environment in India since 1991 ?

2. (a) Explain the different objectives of long run growth policy
versus short run growth policy. (10)

(b) What do you understand by stagflation? Discuss
different conditions under which the economv can suffer
from stagflation. (10)

OR

(c) 'Liberalization of economy may lead to demise of small
and medium enterprises'. Give your views in favor and
against this statement. (1 0)

(d) Describe the short run and long run effect of a positive
IS shock in IS-LM and AD-AS framework. (10)

a
(a) What are common law remedies available for
an individual against the polluter of an environment ?
( 10)

4142 3

(b) Explain whY the sloPe of IS curve is a factor in
determining the working of monetarY PolicY
? (10)

OR

world ?
(c) How would the LM curve look like in a classical
If this really were the LM curve that we thought best
toward the
characterized the. economy, would we lean
(1 0)
use of fiscal or monetarY PoiicY ?

relating to
(d) Discuss the Provisions of Law of contract
(10)
consumer Protection in India'

cycle ?
4. (a) What do you understand by real business
Discuss impact of real business cycles on changes
in government spending, technology and productivity'
. (20)

OR

(b) Is the importance of spillover effects larger
or smaller

under flexibie exchange rates, as opposed to
fixed
easier
exchange rate. Is macroeconomic management
under one regime than the other ?

5. Write short note on any two of the following :

(a) Environmental Audit

(b) tJnfair trade Practices

(c) Foreign exchange markets

(2x 10)
(d) Expectations and economic behaviour

(100)