Ispes Tee 21

SVKM’s NMIMS
ANIL SURENDRA MODI SCHOOL OF COMMERCE
Academic Year: 2020-2021
Program: B.B.A. Year: I Semester: I

Subject: India Socio Political Economics & Current Affairs Batch: 2020-23
Date: 05.01.2021 Time: 2 hours 15 minutes
Marks: 50
FINAL EXAMINATION
___________________________________________________________________________
Instructions:
 Question paper comprises of Section-I & Section-II of 25 marks each
 Both the sections are compulsory.
 Internal choice is provided within the sections
Section-I
Instructions-
 Section-I is for 25 marks
 Attempt any five questions out of six.
 Each question carries 5 marks
Q.1. The current coronavirus pandemic world shows how the consumption- driven market
economy has taken away everything that can be sustainable. A paradigm shift from a ‘for-
profit’ mindset to that of a ‘for-benefit’ is necessary. Industry captains need to have the courage
to move beyond shareholder pressures and their own personal interest. They need to
consciously take on the mandate of focusing on the quadruple bottom line of planet, people,
profits and peace. Unless capitalism gets grounded in compassion, equity, fairness and justice
for all stakeholders, sustainability will just remain a fashion statement. It is in this movement,
away from mindless ‘profit maximization’ for the shareholders to ‘benefit optimization’ for
stakeholders, that a sustainable World Economic Order lies.
Do you think compassionate capitalism is possible for Indian business leaders? Elaborate
your argument with the help of examples.
Q.2. According to The Economic Times article, November 2020, the adverse effects of the
COVID-19 pandemic on women-led micro businesses in India has exacerbated the vast socio-
economic gap, finds a survey covering about 1800 micro-enterprises by Global Alliance for
Mass Entrepreneurship (GAME) and LEAD at Krea University, Andhra Pradesh. According
to the survey, women-led micro and small businesses are particularly at risk because they
include smaller companies working in lower-margin markets and are more prone to face
instability than micro businesses led by men. Notably, 43 per cent of women-owned
enterprises in the survey fall in the category that reports less than Rs 10,000 profit a month
whereas only 16 per cent of those owned by men fall in this category. Similarly, 40 per cent of
women-owned enterprises are self-run with no workers; the corresponding number for men is
18 per cent, the study said.
Considering the challenges women entrepreneurs face in India, suggest few gender-
sensitive responses to improve the situation.
Q.3. The National Education Policy (NEP)- 2020 is the third one in the series, the first two
framed in 1968 and 1986. It is based on the principle that education must develop not only
cognitive capacities but also social, ethical, and emotional capacities and dispositions. The rich
heritage of ancient and eternal Indian knowledge and thought has been a guiding light for this
Policy. The pursuit of knowledge (Jnan), wisdom (Pragyaa), and truth (Satya) was always
considered in Indian thought and philosophy as the highest human goal. The aim of education
in ancient India was not just the acquisition of knowledge as preparation for life in this world,
or life beyond schooling, but for the complete realization and liberation of the self.
How is the NEP-2020 an improvement over the existing system of education at elementary
and higher education level?
Q.4. “Epidemics usually are good mirrors of society and country,” said Pratik Chakrabarti, a
history of science professor at the University of Manchester, adding that this one “has exposed
how precarious people’s lives are” in India. World Health Organization data shows that India’s
government spent $63 per person on health care for its 1.3 billion people in 2016. By
comparison, China spent $398 for each of its 1.4 billion people in 2016, according to the WHO.
Parliamentary panel on health has said in its report that the country’s spending on healthcare is
abysmally low and added that the current system only poses further hurdles to effective
response in the pandemic that has already claimed the lives of over lakhs in India.
In light of the above details, discuss effects of income and health inequality in India during
pandemic.
Q.5. This August India celebrated seventy-three years as an independent nation. During these
decades of independence, the country has been run democratically (aside from the twenty-one
months of the infamous Emergency from 1975 to 1977). Except for Costa Rica, no other
developing country has enjoyed as long a democratic run since World War II.
The Swedish V-Dem Institute’s recent Democracy Report, which laments the decline in
democracy globally, warns that India “is on the verge of losing its status as a democracy due
to the severe shrinking of space for the media, civil society, and the opposition.” Yet the report
also suggests that India’s democracy is in decline, not collapse.
Do you agree with the above-mentioned democracy report? Justify your stand with
appropriate reasons and examples.
Q.6. The Paris based Reporters Without Borders (RSF) publishes annually a World Press
Freedom Index (WPFI) purporting to evaluate the level of freedom available to the media in
180 countries. From a rank of 80 in the inaugural WPFI report, 2002, India’s rank fell to 122
in 2010 and 131 in 2012. The recently released 2020 WPFI has ranked India at 142, down 2
places from 2019, has been a subject of much discussion and debate amongst media persons,
political parties, Governments, bureaucrats and on social media.
What according to you are the reasons behind India’s fall in press freedom index
ranking.
Section II
Instructions-
 Section-II is of 25 marks
 Answer briefly (Any FIVE) out of 7.
 Each question carries 5 marks
 Provide examples wherever necessary
Q.1. NEW DELHI: Despite the prospects of low revenue collection as a fallout of the Covid-
19 pandemic and bleak divestment proceeds, the Centre on Wednesday said it will not breach
its borrowing target of Rs 12 lakh crore for the current financial year (2020-21).
Therefore, the government will borrow only Rs 4.34 lakh crore in the second half of 2020-21
as planned. Discuss the sources of financing fiscal deficit and its impact on the economy.
Q.2. According to experts, with consumer price inflation at a six-year high of 7.6 per cent in
October expected inflation to be around 6.8% in October-December quarter, there is very less
room left for repo rate cut as per inflation targeting mandate. Explain why RBI is not in a
situation to further cut repo rate? What is headline inflation? Throw some light on inflation
targeting.
Q.3. Discuss the differences between Foreign Direct Investment (FDI) and Foreign
Institutional Investment.
Q.4. What do you mean by asset monetisation? Discuss the two-pronged strategy for asset
monetisation adopted by GOI? Which assets have been identified by the government for
monetisation?
Q.5. Investment is essential for economic growth. What are the determinants for investments
in any economy?
Q.6. Discuss the role of Finance Commission and also the responsibilities of the 15th Finance
Commission.
Q.7. Write a note on RTI highlighting the challenges in its implementation in India.

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SVKM’s NMIMS

ANIL SURENDRA MODI SCHOOL OF COMMERCE

Academic Year: 2020-2021

Program: B.B.A. Year: I Semester: I

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