IGNOU MCO-04 December 2021 Previous Year Question Paper

Q1."Socially responsible organiz ations are usually the most successful organizations ." Elaborate on the statement. Also explain briefly the various approaches to social accounting and reporting.

Q2.Explain briefly the critical elements of business environment and their impact on business decision-making.

Q3.Highlight the importance of small scale sector in Indian economy. Discuss various promotional schemes of the government for the development of small scale industries.

Q4."The role of government has shifted from doin g the business itself to ensur ing that the business is run on sound lines." Elaborate this statement by giving suitable examples.

Q5.What is meant by ‘consumer rights ’ ? Discuss various consumer rights and reliefs available to consumers under the Consumer Protection Act,

Q7.Define the term "Balance of Payment" and explain its components. What are the measures adopted to solve the problem of deficit in Balance of Payment ? Explain them briefly.

Q8.(a) Discuss ‘globalisation’ as a par t of India’s reform strategy.

(b) "India cannot depend merely on the services sector to drive growth. It needs a balanced growth strategy across all sectors including agriculture and industry." Comment.

Q9.Explain briefly the nature of regulatory framework governing business in India. How has the redefined role of government affected this framework ? Clarify it with examples.

Q10.Explain any two of the following : 10+10

(a) Indian Patents Act, 1970

(b) Convertibility of Rupee on Capital Account

(c) Administered Prices

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