Bachelor of Management Studies (B.M.S.) SEM II 2022 2023 Apr 2023 S BUSINESS ENVIRONMENT Question Paper - Mumbai University | munotes

Questions asked in this paper

• 3. Figures to the right indicate equal marks

1. Q1 a) Multiple Choice questions (Any 8) 8 marks
   • 1. Business is a form of activity industry consists of any operations that remove metals, mineral and aggregates from the earth
   • 3. includes trade and Aids- to- trade
   • 5. Parliament consists of the , the Rajya Sabha and the Lok (President of India, Prime Minister of India, Governor of India, Finance Minister of
   • 6. refers to the set of systems, principles and processes by which a company is governed
   • 7. GATT was born in
   • 8. The GATT was a multilateral treaty signed by 96 governments called as
   • 9. TRIPs stand for (Trade- Related Aspects of Intellectual Property Rights, Trade- Related Intellectual , Property Rights, Trade- Related Aspects of Interaction Property Rights, Trade- Related Aspects of Interchanging Property Rights)
   • 10. In projects the clients pay contractors to design and construct facilities and personnel
   • b) True or false (Any 7) 7
   • 1. Business environment is dynamic in nature
   • 2. SWOT minimizes the weakness and maximizes the strength in business
   • 3. Public expenditure is an important component of aggregate demand
   • 4. Economic system is a of production
   • 6. The environment, culture and traditions in India are same to those of the west
   • 8. TRIPS deals with patents
   • 10. USA is a socialist economy 4 Q2 a) Explain SWOT analysis in brief. 7
   • b) which are the different types of Business? 8
   • c) What is business environment? Explain its features. 8
   • d) Explain any three elements of Macro environment 7
2. Q3 a) Explain in brief the functions of Legislature
   • b) Which are the economic factors affecting business? 8
   • c) What are the challenges faced by Indian Economy? 7
   • d) Explain the role of government in business. 8
3. Q4 a) what are the challenges posed by the use of technology? 7 marks
   • b) Explain competitive strategies in detail. 8
   • c) What are the social responsibilities of business towards different stakeholders?
   • d) Explain Social environment in brief. 8
   • a) What are the advantages of WTO? 8
   • b) Which are the different foreign market entry strategies?
4. Q5 Write Short Notes (Any 3) , 15 marks
   • 2. Legal Environment
   • 3. Business Ethics

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