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

51: Assertion (A). The new Industrial policy was announced on July 24, 1991.
Reason (R). The new industrial policy was announced by the V.P. Singh Government.
A. Both (A) and (R) are true and (R) is the correct explanation of (A).
B. Both (A) and (R) are true but (R) is not the correct explanation of (A).
C. (A) is true but (R) is false.
D. (A) is false but (R) is true.

52: Assertion (A) . Industrialisation of an economy is considered synonymous with growth.
Reason (R). The transfer of resources from agriculture to industry may be capital or labour or both.
A. Both (A) and (R) are true and (R) is the correct explanation of (A).
B. Both (A) and (R) are true but (R) is not the correct explanation of (A).
C. (A) is true but (R) is false.
D. (A) is false but (R) is true.

53: Assertion (A). In 1991 only 4 industries are reserved for public sector.
Reason (R). Industrial Policy 1991 define MRTP firm as companies with turn over of Rs. 20 crore.
A. Both (A) and (R) are true and (R) is the correct explanation of (A).
B. Both (A) and (R) are true but (R) is not the correct explanation of (A).
C. (A) is true but (R) is false.
D. (A) is false but (R) is true.

54: Assertion (A). In 1991 government decided to allow all foreign investment to any industries without any restrictions.
Reason (R). Government has enhanced the investment limit of small scale industries units.
A. Both (A) and (R) are true and (R) is the correct explanation of (A).
B. Both (A) and (R) are true but (R) is not the correct explanation of (A).
C. (A) is true but (R) is false.
D. (A) is false but (R) is true.

55. Macro environment consists of
A. cultural forces
B. technological forces
C. demographic forces
D. All of the above

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56. In the Indian context, the emphasis on import substitution often run counter to ———
A. the objective of managerial development
B. the objective of Sports develpment
C. the objective of Skill develpment
D. the objective of Technological develpment

57. What do you mean by DGTD ?
A. Director General of Trade Development
B. Director General of Total Development
C. Director General of Technical Development
D. None of these

58. What is the full form of SWOT ?
A. Strengths, Weaknesses, Opportunities and Threats
B. Software Warehousing of Threats
C. single optimism technique
D. none of these

59. Which can be a method of privatisation ?
i. Disinvestment
ii. Denationalisation
iii. Purchasing Share
iv. Takeover
v. Merger
A. (i) and (ii)
B. (i), (ii) and (iii)
C. (ii), (iv) and (v)
D. All of the above

60. What are the factors that contribute to the Business Success?
A. marketing resources
B. physical assets
C. financial factors
D. all of the above

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1. Marketing Management MCQs
2.  Digital Business Management MCQs
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4.  Join Our Telegram Channel