Page 83 - DMGT401Business Environment

Business Environment

Notes 2.9 Review Questions

1. "The role of industrial policy is more important in a planned economy like India." Discuss.
2. Critically analyse the Industrial Policy of 1948. Do you think soon after independence,
government did a good job by framing an industrial policy like that?
3. Was the Industrial Policy of 1956, an extension of Policy of 1948 or it was completely
different? Bring out the main points as regards to the division of industries in the policy.

4. What was the political scenario in India in 1977? Bring out the connections between political
environment then existing in India and the Industrial Policy of 1977.
5. "The policy of Janata Government was that anything which could be produced in small-
scale industry should be produced by them alone". Why did they adopt such a policy?
6. What should be done with the sick industries, they should be locked out or revamped?
Give reasons for your answer.
7. "Industrial Licensing is a very effective tool used by the government to regulate the
private sector". Comment.
8. Did the Industrial Policy of 1991, do any wrong by allowing FDI in India as it was a danger
to domestic industries? Justify your answer.

9. Critically analyse the MRTP Act.
10. "Liberalisation has proved to be a big boon for the service sector". Discuss.
11. "Stock Exchange is the barometer of general economic progress in a country". Substantiate.
12. Critically analyse the role of SEBI in regulating proceedings of stock exchanges.
13. Comment on the role of underwriters in a public issue. Give examples of some big names
that have underwritten public issues in the past.
14. Did India benefit from the Privatisation that happened in 1991? Justify your answer.
15. Liberalisation of the 19th century is often called-The First Era of Globalisation. Why?

Answers: Self Assessment

1. True 2. False
3. False 4. True
5. True 6. False
7. True 8. True

9. Securities and Exchange Board of India Act, 1992
10. 1956 11. 1977
12. Bombay Stock Exchange 13. Over the Counter Exchange of India
14. Bull 15. Sensex

16. Tenure

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