Solapur University Question Paper
M.B.A. (Part – I) (Semester – II) Examination, 2014
ECONOMIC ENVIRONMENT FOR BUSINESS (Paper – XIII)
Day and Date: Thursday, 15-5-2014 Total Marks : 70
Time: 3.00 p.m. to 6.00 p.m.
Instructions : 1) Question no. one is compulsory.
2) Attempt any two questions out of question no. two to four.
3) Attempt any two question out of question no. five, six and
seven.
4) Figures to the right indicate full marks.
1. Read the following passage carefully and answer the following questions : 14
As a family, the Sassoons are unique in many respects. Other houses amassed
vaster fortunes, but none spanned two worlds oriental and western. The family
has long been a source of speculation and legend. Its ancient origins and secretive
business dealings, followed by trade in opium contributed to the myths surrounding
it. Another factor is the depth of bitterness which separated the various branches
of the family.
David Sassoon liked the free atmosphere of Bombay, with its religious tolerance
and respect for business ability. He decided to stay in Bombay. He established
the firm David Sassoon and Co. Ltd. which spread its activities to Calcutta,
Shanghai, Contour and Hongkong. The growth of the firm was stimulated with the
inclusion of his eight sons, each of whom not only showed business acumen but
also a remarkable ability to know how the family would react to proposals,
whichever part of the world they happened to be working.
Seat
No.
P.T.O.
SLR-XY – 21 -2-
In spite of the ability of knowing each other’s minds, frictions developed among
David’s sons. The original firm after the death of father was headed by the eldest
son Albert. During the 1920’s, the David Sassoon branch of the family began to
decline in importance relatively. Weaknesses in top personnel were beginning to
show. The third generation of Sassoons were far more concerned with the spending
money on politics, flying and racing than with earning money to sustain their
expensive life styles. Management was in the hands of non-Sassoons.
In contrast E.D. Sassoons gained strength. The group reorganized their international
financial holdings in such a way that they were well protected from taxation, inflation
and wars. They strengthened their business interest in Bombay but in a very
shrewd manner.
Both the Sassoons firms were met by the political upheavals in India. Sassoons
admitted their defeat in India by observing. “There will be less scope in India for
a foreigner in the future because of the cutthroat competition with Indian firms,
who have less overhead charges, and because of the anti-foreign prejudice. It
looks that Indian under Swaraj will have a great deal of internal trouble”.
Questions :
1) Show how the Sassoons are unique in many respects from other industrial
house.
2) Comment on the influences that moulded David Sassoon’s enterprise and his
achievements.
3) Explain how the decline of the Sassoons started from the third generation.
4) Account for the impact of the World War II on the Sassoon’s fortunes.
5) How far the common proverb “united we stand” divided we fall” is true in the
Sassoon’s declining industrial empire ?
6) Is Sassoon’s assessment of Indian enterprise oversimplified ? Or Prophetic ?
Give reasons for your answer.
2. Write short answers on any two : 14
1) Foods security
2) Agricultural labour
3) Water management.
-3- SLR-XY – 21
3. Write short answers on any two : 14
1) Liberalisation
2) India’s export trade
3) Convertibility of rupee.
4. Write short notes on any two : 14
1) EEC
2) SAARC
3) SDR.
5. WTO is a threat or an opportunity to Indian Economy. Discuss. 14
6. Explain the role played by RBI in achieving the objectives of Monetary Policy. 14
7. Explain fully achievements and failures of Economic Planning in India. 14
M.B.A. (Part – I) (Semester – II) Examination, 2014
ECONOMIC ENVIRONMENT FOR BUSINESS (Paper – XIII)
Day and Date: Thursday, 15-5-2014 Total Marks : 70
Time: 3.00 p.m. to 6.00 p.m.
Instructions : 1) Question no. one is compulsory.
2) Attempt any two questions out of question no. two to four.
3) Attempt any two question out of question no. five, six and
seven.
4) Figures to the right indicate full marks.
1. Read the following passage carefully and answer the following questions : 14
As a family, the Sassoons are unique in many respects. Other houses amassed
vaster fortunes, but none spanned two worlds oriental and western. The family
has long been a source of speculation and legend. Its ancient origins and secretive
business dealings, followed by trade in opium contributed to the myths surrounding
it. Another factor is the depth of bitterness which separated the various branches
of the family.
David Sassoon liked the free atmosphere of Bombay, with its religious tolerance
and respect for business ability. He decided to stay in Bombay. He established
the firm David Sassoon and Co. Ltd. which spread its activities to Calcutta,
Shanghai, Contour and Hongkong. The growth of the firm was stimulated with the
inclusion of his eight sons, each of whom not only showed business acumen but
also a remarkable ability to know how the family would react to proposals,
whichever part of the world they happened to be working.
Seat
No.
P.T.O.
SLR-XY – 21 -2-
In spite of the ability of knowing each other’s minds, frictions developed among
David’s sons. The original firm after the death of father was headed by the eldest
son Albert. During the 1920’s, the David Sassoon branch of the family began to
decline in importance relatively. Weaknesses in top personnel were beginning to
show. The third generation of Sassoons were far more concerned with the spending
money on politics, flying and racing than with earning money to sustain their
expensive life styles. Management was in the hands of non-Sassoons.
In contrast E.D. Sassoons gained strength. The group reorganized their international
financial holdings in such a way that they were well protected from taxation, inflation
and wars. They strengthened their business interest in Bombay but in a very
shrewd manner.
Both the Sassoons firms were met by the political upheavals in India. Sassoons
admitted their defeat in India by observing. “There will be less scope in India for
a foreigner in the future because of the cutthroat competition with Indian firms,
who have less overhead charges, and because of the anti-foreign prejudice. It
looks that Indian under Swaraj will have a great deal of internal trouble”.
Questions :
1) Show how the Sassoons are unique in many respects from other industrial
house.
2) Comment on the influences that moulded David Sassoon’s enterprise and his
achievements.
3) Explain how the decline of the Sassoons started from the third generation.
4) Account for the impact of the World War II on the Sassoon’s fortunes.
5) How far the common proverb “united we stand” divided we fall” is true in the
Sassoon’s declining industrial empire ?
6) Is Sassoon’s assessment of Indian enterprise oversimplified ? Or Prophetic ?
Give reasons for your answer.
2. Write short answers on any two : 14
1) Foods security
2) Agricultural labour
3) Water management.
-3- SLR-XY – 21
3. Write short answers on any two : 14
1) Liberalisation
2) India’s export trade
3) Convertibility of rupee.
4. Write short notes on any two : 14
1) EEC
2) SAARC
3) SDR.
5. WTO is a threat or an opportunity to Indian Economy. Discuss. 14
6. Explain the role played by RBI in achieving the objectives of Monetary Policy. 14
7. Explain fully achievements and failures of Economic Planning in India. 14
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