42 MBA First Semester (BEL) JNTUA

MODEL PAPER - I

BUSINESS ENVIRONMENT AND LAW

MBA - FIRST SEMESTER EXAMINATION

Time: 3 Hours Max. Marks: 60

Note: All questions carry equal marks

SECTION A

Answer the following:

1) What are the components of business environment? Discuss the internal
environment in detail with especial reference to mission, objectives,
organisational structure and company image.
Or
2) Mention the modes and reasons for privatisation.

3) Highlight the objectives and types of monetary policy.

Or
4) How BOP is important? Differentiate between BOP and BOT.

5) All contracts are agreements, but all agreements are not contracts.
Discuss.
Or
6) Discuss in detail the various kinds of consideration.

7) What are the objective and features of Companies Act, 1956?

Or
8) What do you understand by winding-up? Describe the procedure of
winding-up by court.

9) Write a note on digital signature.

Or
10) Describe the objectives and features RTI Act, 2005

SECTION B
(COMPULSORY QUESTION) (0110=10)

1) Case Study
Indias problem is not lack of resources; it is the inability and unwillingness to
mobilise resources into the public sector. The Indian economy is not facing a
resources crisis; it is confronting a fiscal crisis.
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43 MBA First Semester (BEL) JNTUA
The reasons for this are the steady decline over the years in the share of direct
taxes in spite of the fact that both incomes and savings of the top 10 per cent of
the households in the country have been steadily increasing. The government
does not appear committed to placing greater reliance on direct taxes to
mobilise resources. It is unwilling to tax the rich and therefore has no option
except to fall back on indirect taxes and rely more than ever on borrowing from
those who expect interest and tax concessions from temporarily parting with
their resources to enable the government to continue its development
programs. Grave inter-sectoral imbalances also exist in Indias tax structure
because agricultural incomes are virtually tax-free. The Raj Committee had
recommended the introduction of an agricultural tax to remove this inequity,
but the State Governments did nothing to implement the recommendation. The
long-term fiscal policy also did nothing to eliminate this inter-sectoral inequity.

Question:
Suggest some remedies for the new fiscal policy to combat fiscal crisis.

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Model Papers 44

MODEL PAPER II
BUSINESS ENVIRONMENT AND LAW
MBA - FIRST SEMESTER EXAMINATION
Time: 3 Hours Max. Marks: 60
Note: All questions carry equal marks

SECTION A
Answer the following:
1) Discuss the objectives and resolution of industrial policy.
Or
2) What are the factors favouring liberalisation in India?

3) Write a note on present fiscal policy (2017-18).

Or
4) Discuss the role and functions of WTO in promoting world trade.

5) Define business law. Explain the sources of business law.

Or
6) What do you mean by legality of the object? When the object is said to be
unlawful?

7) Distinguish between Memorandum of Association and Article of Association.

Or
8) Discuss the various liabilities of Director.

9) Explain the term e-governance. Discuss its advantages and disadvantages.

Or
10) Write brief note on Power to Grant Exemption from Tax as per IGST Act,
2017.

SECTION B
(COMPULSORY QUESTION) (0110=10)
1) Case Study
A company was incorporated on 6th October 2003. The certificate of incorporation
of the company was issued by the Registrar on 15th October, 2003. The company
on 10th October 2003 entered into a contract which created its contractual liability.
The company denies the said liability on the ground that company is not bound by
the contract entered into prior to issuing of certificate of incorporation.
Question:
Decide, under the provisions of the Companies Act, 1956, whether the
company can be exempted from the said contractual liability.
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