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
71. Read the following statements and choose the correct answer
(i) Political environment refers to all forces which have an economic impact on business
(ii) Economic environment refers to all forces which have an economic impact on business
(iii) Technological Environment exercise not considerable influence on Business
(iv) Social and cultural environment refers to the influence exercised by certain factors
A. Only (i) and (ii) are true
B. all the above statements are true
C. (i), (ii) and (iv) are true
D. all the statements are false
72. Which is true for existing Economic and Industrial policies of Indian Government ?
(i) FERA was abolished
(ii) MRTP was abolished
(iii) Cash compensatory support for export was abolished
(iv) Industrial Licensing (except a few goods) was abolished
A. (i), (ii), (iii) and (iv)
B. (i), (iii) and (iv)
C. Only (iii) and (iv)
D. Only (ii) and (iii)
73. The essential commodities act was passed in the year —
A. 1952
B. 1945
C. 1959
D. 1955
74. Which combination of the following factors has driven globalisation in the recent past?
(i) Growth of multinational corporations
(ii) Internationalisation of finance
(iii) Increased international trade
A. (i) and (ii)
B. (i) and (iii)
C. (ii) and (iii)
D. (i),(ii) and (iii)
75.Consumers have the rights
(i) to be protected against goods and services that are hazardous to life and property.
(il) to assure wherever possible access to a variety of goods; and services at national prices.
A. Both (i) and (il) are correct.
B. Both (i) and (il) are wrong
C. Only (i) is correct.
D. Only (ii) is correct.
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76. Arrange the following Acts in the order in which they came into force.
(i) The Monopolies Restrictive Trade Practices Act
(ii) Indian Contract Act
(iii) The Sale of Goods Act
(iv) The Foreign Exchange Management Act
A. (il), (iii), (i), (iv)
B. (iii), (i), (iv) and (ii)
C. (i), (ii), (iii), (iv)
D. (iv), (iii), (ii), (i)
77. Match the following components of Business Environment.
(a) Economic Environment (i) Exim Policy
(b) Social Environment (ii) Customs
(c) Political Environment (iii) Social values
(d) Legal Environment (iv) Business Law and Banking Act
A.
(a) (b) (c) (d)
(i) (ii) (iii) (iv)
B.
(a) (b) (c) (d)
(iii) (iv) (ii) (i)
C.
(a) (b) (c) (d)
(iii) (i) (ii) (iv)
D.
(a) (b) (c) (d)
(i) (ii) (iv) (iii)
78. What is the full form of IRDA?
A. Industrial Regulation & Development Authority
B. Insurance Regulatory & Development Authority
C. Indian Regulation Development Authority
D. none of these
79. Statement (A). In the context of globalisation, the most important challenge facing India is to boost exports.
Reason (R). It may increase the country’s growth rate.
A. Both (A) and (R) are true and (R) is the correct explanation of (A).
B. Both (A) and (R) are true and (R) is the uncorrect explanation of (A).
C. (A) is true but (R) is false.
D. (A) is false but (R) is true.
80. Match the following
List I List II
a. Focus on social environent 1. Traditional theorist
b. Focus on physical environment 2. Human Relationists
c. One person one superior 3. Unity Direction
d. One head one plan 4. Unity of command
A. (a) (b) (c) (d)
1 2 3 4
B. (a) (b) (c) (d)
2 1 4 3
C. (a) (b) (c) (d)
3 2 1 4
D. (a) (b) (c) (d)
4 3 2 1
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