BUSINESS ENVIRONMENT MCQ
Business environment is the sum totals of all factors external to the business firm and that greatly influence their functioning. It covers factors and forces like customers, competitors, suppliers, government, and the social, cultural, political, technological and legal conditions.
BUSINESS ENVIRONMENT MCQ
21: ‗The age of Discontinuity‘ (1969) has been authored by
A. John Drydon
B. Cyril Debydeen
C. Peter F. Drucker
D. None of these
22: Laissez Faire policy is adopted in
A. Socialist Economic system
B. Capitalist Economic system
C. Mixed Economic System
D. Communist Economic System
23: Which of the following is the vital question in the economic system?
A. What to produce
B. How to produce
C. For whom to produce
D. All of the above
24: Which of the following is not the objective of Competition act 2002?
A. Prohibition of abuse of dominant position
B. Prohibition of restrictive Trade practives
C. Prohibition of anti-competitive Agreement
D. Regulation of combinations
25: Which among these is not a restrictive trade practice?
A. Tie Up sales
B. Price Discrimination
C. Manipulation of Price
D. All are restrictive trade practices
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26: In India, Liberalisation & Privatisation began from
A. 1991
B. 1971
C. 1981
D. 1947
27: Which one is not the main objective of Fiscal Policy in India?
A. To increase liquidity in economy
B. To promote price stability
C. To minimize the inequalities of income and wealth
D. To promote employment opportunities
28: FEMA signifies
A. Free Export management act
B. Foreign Exchange management act
C. Foreign Exchange monitoring act
D. Free Export marketing act
29: Which among these is not an objective of planning?
A. Economic growth
B. Setting of heavy industries
C. Modernisation
D. None of these
30: Which among the following is not the instrument of monetary policy
A. Deficit financing
B. Statutory liquidity Ratio
C. Cash reserve ratio
D. Open market operation
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