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Ignou. B.com. ECO 13. BUSINESS ENVIRONMENT Important Questions for December Exam

  IMPORTANT QUESTIONS ECO 13 1. Distinguish between economic and non economic environment of business. How do they interact with each other? Describe various elements of economic environment. Explain various non economic factors of business environment. Discuss the primary and sub goals of economic development.   2. What do you mean by social responsibility of business? Give arguments in favour and against undertaking social responsibility by business.  3. What do you mean by mixed economy? Explain its directive principles in India. How did it help in the economic development of India.  4. What do you mean by industrial sickness? What are the causes of industrial sickness? Discuss the various measures taken by the government to overcome this problem.  5. What are the need for New Economic Policy? Discuss the major elements of New Economic Policy adopted by the government of India.  6. What are the major problems being faced by the small scale industrie...

Ignou.ECO11. B.COM Elements of Income Tax Important Questions for December Exam

  IMPORTANT QUESTIONS ECO 11 1 . Explain the deduction allowed under section 801B with necessary provisions related thereto.  2. What do you mean by 'Capital Gain'? Explain the capital gain exempt from tax u/s 54EC.  3. What are the deduction allowed in computing taxable income under the head 'Income From Other Sources'? Explain with example.  4. What do you mean by 'Provident Fund'? Discuss the different types of provident fund to which a salaried employee may be a member.  5. What do you understand by'Transfer of capital asset'? State which 10 transactions are not regarded as transfer.  6. What do you mean by clubbing of income? In what circumstances is the income of one person treated as income of another? 7. a) Explain the provisions regarding deduction for interest on loan u/s 24(b) of Income Tax Act.  b) Define capital gain. Distinguish between short term capital gain and long term capital gain.  8. a) Enumerate any 6 income on which tax is ...