Gauhati University 2007 B.Com Business Policy Analysis - exam paper

2007
COMMERCE
FOURTH PAPER

(Business Policy Analysis)
Full Marks: 80
Time: three hours

The figures in the margin indicate full marks for the ques.
PART-I
1. (a) State the main objectives of fiscal policy. 3
(b) Mention 3 basic features of a mixed economy. 2
2. ans any 3 of the following: 5×3=15
a) discuss the term 'Industrial Reserve Army'.
b) define the significance of open market operations as a tool of monetary policy.
c) State the objectives and strategies of 11th Five-Year Plan.
d) discuss the concept of social costs and social benefits.
3. (a) define briefly different forms of public ownership with their basic features.6
(b) State different modes of foreign investment with their respective merits and
demerits. 6
Or
Write a brief note on the business environment of North-Eastern Region of India.
PART-II
ans any 3 ques.
4. (a) discuss the characteristics of an underdeveloped economy. 8
(b) State the major structural modifications experienced by the Indian economy in the postliberalisation
era. 8
5. explain the role of devaluation in reducing deficits in the balance of payments of a
country. State its limitations. 10+6
6. provide a critical review of the theory of economic growth profounded by Schumpeter
with its relevance to Indian economy. 16
7. discuss the changing patterns in Industrial Licensing System in the situation of economic
reform in India. 16
8. provide a brief review of industrial development in India during the Five- Year Planning
period. 16

Earning:   Approval pending.