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Showing posts from November, 2009

What Improvements can be brought in MBA Education ?

Few days ago , I have started this blog after operating others like Accounting Education. I have tried to write contents relating to business environment topics in very simple language , so that all Indians who have admitted in MBA - Ist Semester   from non - commerce side ( from B.A. or B.Sc. ) can also understand different legal policies , laws and its provisions which  is also covered  in B.Com. level. For this , I have studied many referred books , so that contents will be useful for better preparation of examination of MBA . I have tried to write contents more realistic after reading referred books of experienced authors .

For improvement in MBA Education , it is the duty of lecturer and professors to explain more practical example relating to present business , so that this MBA education will become more practical .

I think examination should be more practical . MBA student should solve the business problem . Writing  the 5 answers  out of 10 Questions of MBA is not good examina…

What is the NGO ? Discuss Its Type , Role And Legal Status ? Explain Various Methods in Which NGO Operates

Contents are covered under Business Environment of MBA Ist Semester 

Meaning of NGO

NGO means non - government organisation. Any organisation who is doing non profit activity is called NGO . The aim to make NGO is to do social activities . These organisations do not involve in commercial activities . The source of fund may be private or govt. NGO collects fund through donation . Now , NGO are also known as private voluntary organisation . 

What is ISO ? Explain its Standards ISO 9000 and ISO 14000 . Discuss Its Objectives , working and Versions

The following contents are covered under Business Environment of  MBA First semester

Meaning of ISO

ISO means international standard organisation . In business environment , ISO word is so famous and International organisation provides standards to those business oraganisations who fulfill its conditions . It has
authority to issue certificate of quality management and quality environment . There are large numbers of business organisation who satisfy the conditions . They have  ISO certificate  .

ISO's official site is at the url

ISO (International Organization for Standardization) is the world's largest developer and publisher of International Standards. This organisation has made by participation of all countries .Its central secretariat is in Geneva , Switzerland .It is NGO which helps to promote business by providing them solution of quality problems  .

Meaning of ISO 9000

This is the latest version of International organisation for standar…

FTDR Act 1992

Foreign trade development and regulation act was passed in 1992 . After this , old export control act 1947 was closed . All export and import are done by FTDR Act 1992 . FTDR Act is helpful to promote export

Structure of Financial Institute in India

Following is the structure of financial institute in India .It has divided into two parts . One part is national financial institute and other part is state level financial institute .

Development Banks

Definition of Development Bank 

A development bank is a financial institution which provides loan and other financial assistance to businessmen for development of enterprise .

FEMA 2000

Definition of FEMA 2000

FEMA 2000 means Foreign exchange management Act 2000. Foreign exchange management act 2000 is very helpful law for development of foreign exchange market in India. It was passed in 1999 and came into effect from June 1, 2000 to entire country. After this foreign exchange regulation act ( FERA ) 1973 was closed . FEMA was most suitable for India corporate sector instead of FERA because almost all strict regulations of FERA were removed in FEMA .

New Notification of Department of Telecommunications for National Security

After applying IT Act 2000 , Ministry of Communication and Information technology are taking many new steps for national security .

Information Technology Act 2000

Introduction of Information Technology Act 2000

Information technology is one of the important law relating to Indian cyber laws. It had passed in Indian parliament in 2000. This act is helpful to promote business with the help of internet. It also set of rules and regulations which apply on any electronic business transaction.

Due to increasing crime in cyber space, Govt. of India understood the problems of internet user and for safeguarding the interest of internet users, this act was made.

Main Provisions of Competition Act 2002

In 1969 Govt. has passed an act and it had given the name monopoly and restrictive trade practices (MRTP). It became popular with the name of MRTP 1969. This act has many provisions to control the

Fiscal Policy

Definition of Fiscal Policy 

Fiscal Policy is the main part of Economic Policy and Fiscal Policy's first word Fiscal is taken from French word Fisc  it means treasure of Govt. So we can define fiscal policy as the revenue and expenditure policy of Govt. of India .It is prime duty of Government to make fiscal policy . By making this policy , Govt. collects money from his different resources and utilize it in different expenditure . Thus fiscal policy is related to development policy . All welfare projects are completed under this policy

Monetary Policy

Definition of Monetary Policy
Monetary policy is that part of economic policy in which central bank controls the cost and supply of money and credit by applying different techniques. It is also main function of central bank.We all know, if supply and cost of money are not controlled. Then both are harmful for development of economy. In India RBI is sole institute who is taking steps to regulate money and credit by controlling its supply. Monetary policy regulates both volume and value of currency and credit.
Objective of Monetary Policy

To control the supply of money.To control the cost of money and credit.Exchange stability Full employment 

Instruments or technique of credit control / monetary policy:-
1. Bank Rate 
Bank rate is that rate which is charged by Central bank for issue loan to the member banks.  By changing it, central bank can control the credit. 
→ If Central bank increase this bank rate, all commercial banks will increase their interest rate by this loan become costly and flo…

Economic Policies

Definition of Economic Policies
All policies which are made for development of economy and its stability are called economic policies. Last year economic crisis and after coming its main roots, economic

Transfer of Technology and its main method

Definition of Transfer of Technology

“Transfer of Technology means to sell the technology or to provide technology to other for getting money from that person. Technology includes skill, knowledge and new and fast production techniques and any

Technological Environment

Definition of Technological Environment :-

“Technological Environment means the development in the field of technology which affects business by new inventions of productions and other improvements in techniques to perform the business
 work. "

Social Responsibility of Business and Points in Favour and Against of it

Meaning of Social Responsibility of Business

Social responsibility is the duty of businessman to help the society to solve its major problems . Every enterprise is fully connected with society . He takes many things from society in the form of raw material ,
 work from employees and also pollute environment of society. After this , many social problems rise due to pollution . So businessman's prime duty is to support in the form of plantation near the area of factory providing free health facilities to employees and also donate some part of profit for welfare of poor community to uplift them . These days trends shows that almost all companies are taken steps for becoming responsible toward society .

Social Environment of Business

Meaning of Social Environment

Social or Societary environment of business means all factors which affects business socially . Every business works in a society , so societies ' different factors like family , educational institutions and religion affects
business .