ESSENCE

C.M.4 Business Environment

1ST SEMESTER

B.B.A. LL.B (HONOURS), CALICUT UNIVERSITY

 Red Canoe Students’ Union 2k19

MCT COLLEGE OF LEGAL STUDIES

RED CANOE STUDENTS’ UNION 2K19

EXAM ORIENTED STUDY MATERIAL

Business Environment

CORE COURSE

1ST SEMESTER
B.B.A. LL.B (HONOURS)
CALICUT UNIVERSITY

Prepared By,
ESSENCE TEAM
RED CANOE STUDENTS’ UNION
MCT COLLEGE OF LEGAL STUDIES
MELMURI – MALAPPURAM

Essence Team Members:

 ABDUL BASITH (5TH YEAR B.B.A., LL.B)
 RAMEES (4TH YEAR B.B.A., LL.B)
 JASNA K ISMAIL (4TH YEAR B.B.A., LL.B)
 FATHIMA AKEELA (4TH YEAR B.B.A., LL.B)
 JINU RIFNA (4TH YEAR B.B.A., LL.B)
 HARSHA (3RD YEAR B.B.A, LL.B)
 SHAHANA PARVIN (3RD YEAR B.B.A., LL.B)
 VISMAYA (3RD YEAR B.B.A., LL.B)
 FAHAD (2ND YEAR B.B.A., LL.B)

Date of Publication: 9th November 2019

Feedback: redcanoeunion@gmail.com

Business Environment
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Syllabus
Nature and types of business environment-internal, external, micro and macro
environmentEnvironmental scanning and Monitoring-State and Economic Activities-
Economic systems

Economic Environment of business in India -- Nature of the Indian Economy -

Characteristics of the Indian Economy—Importance of Agriculture in the Indian
Economy—Issues in agricultural production and productivity—Agricultural marketing
and credit—Role of cooperatives.

Planning and Economic Development—India’s Five Year Plans—Problems of

Unemployment –Balanced Regional Development--Poverty eradication and
employment generation programmes .

Industrial Policy of the Government --Regulation & Licensing—Policy towards

MSMEs-- Role of Public Sector

Role and functions of Commercial Banks —Development Banks and their functions-
Changing role of Development Banks – Role of RBI and monetary management.

Text Books

 Cherunilam Francis, Business Environment, Himalaya Publishing House, New Delhi.

 Dutt and Sundharam, Indian Economy, S.Chand & Co Ltd., New Delhi.

Reference Books

 Adhikary.M, Economic Envrionment of Business, Sultan Chand & Sons,New Delhi.

 Sengupta N.K: Government and Business in India, Vikas publications, New Delhi
 Sivayya and Das, Indian Industrial Economy, S.Chand & Co Ltd, New Delhi.

Business Environment
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Most Repeated Questions

1. Business environment
 Meaning
 Economic factors
 Macro environment
 External business environment
 Types of business environment
 Pollutants of business environment
 ―Business environment is dynamic‖ discuss.
 Environmental monitoring
 Changing dimensions of business environment in India
 Compare and contrast micro and macro environment.

(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2016; 2017; 2018)

2. Industrial policy
 Meaning
 Features of Pre 1991 industrial policy
 Features of industrial policy
 MSME
 IDRA 1951

(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2017; 2018)

3. Indian economy
 Role played by services in the growth of Indian economy
 Issues in agricultural production and productivity
 Mixed economy
 Characteristics of Indian economy
 Scope of agricultural credit

(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2016)

Business Environment
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4. Poverty
 Poverty eradication
 Enumerate the central government schemes aimed at eradicating poverty
(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2016)

5. Unemployment
 Mahatma Gandhi national rural employment guarantee Act
 Prime ministers employment generation program
 SGSY
 Hunar Be Rozgaar Tak
 Swarna jayanti shahari rojgaar yojana
 Problems of unemployment
(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2017; 2018)

6. Five year plans

 Features of 11th plan
 Features of 5th year plan
 Features of various five year plans
(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2017; 2018)

7. RBI and financial institutions

 Objectives of credit control
 Functions of RBI
 New generation banks
 Features and functions of development banks
 Changing role development banks
 Role of financial institutions in Indian economy
 Functions of commercial banks
(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2016; 2017; 2018)

8. Public sectors
 Navaratna
 Did liberalisation has helped helped the public sector
(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2016)

Business Environment
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9. Fiscal and monetary policy

 Monetary policy
 Monetary management
 CRR
(1st semester B.B.A LL.B (Honours) Degree Examination 2015; 2016; 2017)

Previous Year Questions

1. ―Westernisation of society is doing more good than harm‖. Justify

(1st semester B.B.A LL.B (Honours) Degree Examination 2016)

2. ―There is a changing diversion of FDI in India‖. Justify

(1st semester B.B.A LL.B (Honours) Degree Examination 2016)

3. License raj

(1st semester B.B.A LL.B (Honours) Degree Examination 2016)

4. Enumerate industries that are reserved for small scale units

(1st semester B.B.A LL.B (Honours) Degree Examination 2016)

5. Functions of SEBI
(1st semester B.B.A LL.B (Honours) Degree Examination 2016)

6. Balanced regional development

(1st semester B.B.A LL.B (Honours) Degree Examination 2015)

7. Determinants of international environment for business

(1st semester B.B.A LL.B (Honours) Degree Examination 2018)

8. Plan holiday

(1st semester B.B.A LL.B (Honours) Degree Examination 2018)

9. Rolling plan

(1st semester B.B.A LL.B (Honours) Degree Examination 2017)

Business Environment
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10. Objectives of economic planning

(1st semester B.B.A LL.B (Honours) Degree Examination 2017)

At a Glance

1. Business Environment – Factors – Micro & Macro ie, Internal & External factors
2. Importance of agriculture in indian economy and indian economy features
3. Indian Five year plan and importance of balance regional development
4. Problems of unemployment and employment generation programme
5. Role and Functions of commercial bank and development bank
6. Role of RBI in monetary management
7. Industrial policy of Government and Role of MSME and Public Sector

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Business Environment