6th October 2020| Daily Answer Writing Enhancement

Important Announcement:  Topics to be covered on 7th October-

GS-1 Modern Indian history from about the middle of the eighteenth century until the present- significant events, personalities, issues.

GS-4 Case studies.

Question 1)

The American Revolution inspired the French revolution and yet it was markedly different from it. Elaborate. 10 marks

Question 2)

Why passing of the Farm Acts by the Union government has been challenged by the States on the ground of its constitutional validity? Also, examine its implications for federalism. 10 marks

Question 3)

What are the Asset Reconstruction Companies (ARC)? What are the challenges ARCs face under the IBC and suggest the measures to increase the role of ARCs in turning around a distressed business. 10 marks

Question 4)  

You retired as a finance manager from a Public Sector Undertaking (PSU). After retirement you are offered a job in a private company as its finance head and you have accepted it. The company has a procurement contract with the PSU which you worked for. Now that contract is up for renewal through competitive bidding. You have been asked to lead the team responsible for bidding of this contract. While working in the PSU, you had an opportunity to work on areas relating to financial accounting, procurement, contracts and bids. You are concerned that you might breach the confidentiality if you accept the assignment in the present company. You also suspect that your knowledge and experience of working in the PSU were seen as good reasons for appointing you to the position in the present company. The loss of such a major contract would have a significant effect on the financial performance of Company. Evaluate the merits and demerits of each of the options given below and finally suggest what course of action you would like to take, providing adequate reasons. i. Do not accept the assignment as it will lead to breach of confidentiality. ii. Do not lead the team but guide them from outside. iii. Accept to lead the team and use your expertise in bidding for the contract. iv. Resign from the job. Suggest any other possible option(s). Evaluate all of them and suggest the best course of action, giving your reasons for it. 10 marks

Reviews will be provided in a week. (In the order of submission- First come first serve basis). In case the answer is submitted late the review period may get extended to two weeks.

*In case your answer is not reviewed in a week, reply to your answer saying *NOT CHECKED*. If Parth Sir’s tag is available then tag him.

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