Management Programme
ASSIGNMENT
FIRST SEMESTER
2018
MS - 03: Economic and Social Environment
School of Management Studies
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
MAIDAN GARHI, NEW DELHI – 110 068
MS-03
ASSIGNMENT
Course Code : MS - 03
Course Title : Economic and Social Environment
Assignment Code : MS-03/TMA/SEM - I/2018
Coverage : All Blocks
Note : Attempt all the questions and submit this assignment on or before 30th April, 2018 to the
coordinator of your study center.
1. Discuss the critical elements of macro-economic policies. How economic environment
gives a direction to the changes in the economic planning?
2. Differentiate between Economic Growth and Economic Development. Why is growth
and development synonymously used in economic discussion?
3. Discuss the genesis of mixed economy framework in India.
4. “An important factor which influences the Balance of Payment of an economy is the
exchange rate of its currency vis-à-vis other major currencies”. Explain the statement
given above.
5. How the twin objective of equity and justice was met by the economic reforms of 1991?
Explain.
6. Write short notes on the following:
(i) Trade Union Movement
(ii) Public Accountability
(iii) Administered prices