IGNOU MCO-04 June 2020 Previous Year Question Paper

Q1.What is 'Economic Policy' ? What are its different forms ? Explain various objectives of fiscal policy. Why is co-ordination between monetary and fiscal policies necessary ?

Q2."The 'New Economic Policy' is a set of policies and adniinistrative procedures, introduced [ 2 ] MC0-04 since July 1991 to bring about changes in economic direction of the country." In view of this statement answer the following : 20

(a) Why were reforms necessary and what was wrong with the earlier system ?

(b) What reforms have been introduced ?

(c) What remains to be done ?

Q3.Define stock exchange and describe its key functions. Explain its importance for : 20

(a) The investors,

(b) The corporate sector, and

(c) The society at large.

Q4.Make a case for inviting foreign capital in India. Critically evaluate the policy measures adopted by the Government to encourage inflow 131 MC0-04 of foreign capital. Also indicate the hurdles foreign investors are facing.

Q5.How does socio-cultural environment affect business decision-making ? Give a brief account of the nature of social culture environment prevailing in India.

Q6.Explain the concept of social responsibility of business, and discuss the nature of its obligations towards : 20

(a) Employers,

(b) Shareholders, and

(c) Public at large.

Q7."The scope and coverage of labour legislation are very wide' and overlapping." Discuss this statement by giving an overview of labour legislation in India. 20 [ 4 ] MC0-04

Q8.(a) State the provisions of the Competition Act, 2002 with respect to regulation of monopolies in India. 10

(b) What are the rights conferred upon consumers under the Consumer Protection Act, 1986 ? Who can file a complaint under the Act ? Explain.

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(a) Import substitution and Export promotion

(b) Balance of Trade and Balance of Payments.

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