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

41: Industrial policy resolution 1956 divided industries into ———– categories
A. 2
B. 3
C. 4
D. 5

42: Globalisation means
A. Adopting a global outlook for business
B. Inviting multinationals in the country
C. Selling in the foreign market
D. All of the above

43: Consumer protection in India is ensured by
A. Consumer protection Act, 1946
B. Consumer protection Act, 1986
C. Consumer protection Act, 1990
D. Consumer protection Act, 1968

44: VAT is imposed
A. Directly on Consumers
B. On final Stage of production
C. On all stages from Production to final sale
D. None of the above

45: As per Industrial Policy resolution 1956, reserved industries for public sector are
A. 12
B. 14
C. 16
D. 17

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46: The concept of small scale industries (SSIs) was brought to the fore by the
A. Industrial Policy Resolution 1948
B. Industrial Policy Resolution 1956
C. Industrial Policy Statement 1977
D. None of the above

47: Environment degradation does not consist of
A. Land degradation and soil erosion
B. Problem of over grazing and ecological degradation
C. Floods
D. None of the above

48: The MRTP Act of 1969 was abolished in
A. 1991
B. 2002
C. 2006
D. None of the above

49: India abolished quantitative restrictions on imports of 1429 items in 2000 and 2001 as per the commitment to which of the following
A. SAFTA
B. GATT
C. WTO
D. NAM

50: Micro factors of external business environment does not include
A. Competitors
B. Customers
C. Government Policies
D. None of these

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1. Marketing Management MCQs
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4.  Join Our Telegram Channel