Shri Sai Shikshan Sanstha’s

NIT Graduate School of Management

www.nitgsm.edu.in
Master of Business Administration (M.B.A.) Semester – I
(OUTCOME BASED - CBCS)
Sessional Examination
Winter - 2019
LEGAL & BUSINESS ENVIRONMENT (1T7)

[Time: 2 Hours] [Max. Marks: 50]

(1) All questions are compulsory.
(2) All Questions carry equal marks (10 marks each).

Q. 1 (A) “All contracts are agreements but all agreements are not contracts.” What do you
understand from this statement?
OR
Q. 1 (B) What is Business Law? Discuss its need and importance for business entities.
Q.2 (A) Classify company from organisation on the basis of liability of members.
OR
Q. 2 (B) Explain essential characteristics of a company.
Q.3 (A) What are the legislations covering IPRs in India?
OR
Q.3 (B) Distinguish between trademarks and design.
Q.4 (A) What are the objectives of IT Act, 2000?
OR
Q.4 (B) “ A consumer has the right to get compensation depending on the degree of the
damage.” Support this statement with an example
Q.5 (A) Explain the impact of following factors on Macro-Scenario of a country
OR
Q.5 (B) Briefly explain the following :
(a) Liberalisation
(b) Privatisation
(c) Globalisation