To solve the problem, we need to evaluate the truthfulness of Statement-I and Statement-II related to motivation in the context of Business Studies.
Statement-I: Motivation is a complex process as individuals are heterogeneous in their expectations, perceptions, and reactions.
Explanation: This statement highlights the complexity of motivation by acknowledging individual differences. In business studies, it is recognized that employees have diverse needs and desires, and what motivates one person may not motivate another. This heterogeneity in individual expectations, perceptions, and reactions indeed makes motivation a complex and multifaceted process. Thus, Statement-I is true.
Statement-II: Motivation can be either positive or negative.
Explanation: Motivation typically refers to the incentives or drives that prompt individuals to take action towards achieving a goal. It is commonly understood in business that motivation should drive positive behavior to improve productivity and job satisfaction. Although one might argue that negative reinforcement can also drive behavior, in the context of a positive working environment typically advocated in modern business studies, motivation is primarily framed as a positive influencer. Thus, the interpretation that motivation itself is explicitly negative isn't generally supported, making Statement-II false in the intended pedagogical context.
Based on the analysis, the correct option is:
(a) (i) Import substitution policy, if not applied carefully, can be a double-edged sword for any economy. Do you agree with the given statement? Justify your answer with valid arguments.
(ii) State how multilateral trade is different from bilateral trade.
OR
(b)
(i) Discuss briefly, causes and consequences of the tax reforms initiated during economic reforms in India.
(ii) Give one example each of a Navratna and a Maharatna company in the public sector in India.
Comparative Financial Data as on 31st March, 2024 and 2023
| Particulars | 31.03.2024 (₹) | 31.03.2023 (₹) |
|---|---|---|
| Surplus (P&L) | 17,00,000 | 8,00,000 |
| Patents | -- | 50,000 |
| Sundry Debtors | 5,80,000 | 4,20,000 |
| Sundry Creditors | 1,40,000 | 60,000 |
| Cash and Cash Equivalents | 2,00,000 | 90,000 |