1. What do you understand by System? Discuss the types and characteristics of System? OR Discuss the different types of System? 15 2. What is MIS? Discuss in detail? OR Discuss an Organizational Need for MIS in a Company? 15 3. Explain Followings: - a. Components of MIS b. Formal V/s informal system. c. Objectives of MIS d. System Design e. Use of MIS in Finance. 2*5=10