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MANAGEMENT PROGRAMME- Term-End ExaminationDecember, 2015MS-3 : ECONOMIC AND SOCIALENVIRONMENTTime : 3 hours Maximum Marks : 100(Weightage 70%)Note : There are two sections A and B. Attempt any three questions from section A, which carry 20 marks each. Section B is compulsory and carries 40 marks.SECTION - A1. What do you understand by Economic Environment in which a business firm operates ?Discuss.2. Briefly analyse the growth and structure of Private Sector in India. Explain how does it contribute to economic development ?3. Critically analyse the impact of regulatory framework on industrial structure and performance.4. Differentiate between Current Account and Capital Account convertibility with reference to its role in rupee convertibility.5. Write short notes on any four of the following :(a) Economic Development(b) Administered prices(c) India's Foreign Trade(d) Privatisation(e) Development Banks.SECTION - B6. (a) What are the factors of widespread sickness among the Small Scale Industry (SSI)units ?    (b) How can sickness be identified ? Suggest measures to enhance economic viability of SSI.7. How has the public sector in India been able to achieve the objectives of economic equity with growth ? Discuss with examples.