LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034 B.Com. DEGREE EXAMINATION – COMMERCE FIRST SEMESTER – APRIL 2012 CO 1501 - BUSINESS ENVIRONMENT Date : 02-05-2012 Time : 1:00 - 4:00 Dept. No. Max. : 100 Marks PART – A ANSWER ALL QUESTIONS: (10X2 = 20 Marks) 1. What is Economic Environment? 2. What is Joint Family System? 3. What is Fiscal Deficit? 4. Define GNP. 5. What is meant by Deficit Financing? 6. What is Electronic Trading? 7. What is Cultural Heritage? 8. What is Social Audit? 9. How does Climate affect the place of business? 10. What is I.P.O.? PART – B ANSWER ANY FIVE QUESTIONS: (5X8 = 40 Marks) 11. Discuss the Role of Government in the Economy. 12. Discuss the Merits and De-merits of Joint Family System. 13. Evaluate Socialist System. 14. Describe India’s Industrial Policy. 15. What benefits can be achieved if Companies take care to reduce Pollution? 16. Explain the Objectives and Role of Stock Exchange. 17. State the functions of W.T.O. 18. What are the Rights of the Consumer? PART – C ANSWER ANY TWO QUESTIONS: (2X20 = 40 Marks) 19. Discuss how the external environment affects Business. 20. Describe Social Responsibility of Business towards stakeholders. 21. What is Globalization? State the advantages.