B.B.A.(C.S.) ECONOMIC LAWS

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B.B.A.(C.S.)DEGREE EXAMINATION, MAY 2018.

ECONOMIC LAWS

Time : Three hours Maximum : 100 marks
SECTION A — (5 x 8 = 40 marks)

Answer any FIVE questions.

1. Explain 'substantial expansion' under IDRA.

2. What are the objectives of FERA?

3. Write a note on : Foreign currency (non-resident) accounts.

4. Explain Trade practices under MRTP Act.

5. Explain the objectives of Essential Commodities Act.

6. Write a note on : Environment Laboratory.

7. State the purposes for which an industrial licence is required under IDRA, 1951.

8. State the concepts of persons resident in India and outside India.

SECTION B — (4 x 15 = 60 marks)
Answer any FOUR questions.

9. Discuss the provisions of IDRA relating to the establishment and constitution of the Development
council.

10. Explain the provisions of FERA relating to transactions regulated by exchange control.

11. What are the provisions of FERA relating to investments by Non-resident Indians in shares of Indian companies?

12. Describe the powers of the MRTP commission under the MRTP Act.

13. Explain the provisions of the essential commodities act regarding control of production, supply and distribution of essential commodities.

14. Discuss the provisions relating to offences and penalties prescribed under the Environment Protection Act, 1986.

15. Explain the objectives and functions of Essential Commodities Act 1955.

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