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

81. Statement (A). The GATT applied only to trade in merchandise goods.
Reasons (R). The wro covers trade in goods, services and trade in ideas or intellectual properties.
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 not correct explanation of (A).
C. (A) is true but (R) is false.
D. (A) is false but (R) is true.

82. In how many industries the State was to play an active role?
A. 13 important industries
B. 12 industries
C. 15 industries
D. 16 firms

83. Which one of the following law controlled over merger, Amalgamations, takeovers etc.?
A. IRDA
B. NASDOC
C. M.R.T.P.
D. D.R.

84. Match the following legislations with the year of their enactment
(a) Industries (Development and Regulation) Act         (i) 1969
(b) ForeignExchange Management Act                         (ii) 1951
(c) Securities Exchange Board of India Act                    (iii) 1999
(d) MRTP Act                                                                  (iv) 1992
A. (a) (b) (c) (d)
     (i) (iii) (iv) (ii)
B. (a) (b) (c) (d)
(ii) (iv) (i) (iii)
C. (a) (b) (c) (d)
(iii) (i) (iv) (ii)
D. (a) (b) (c) (d)
(iv) (iii) (ii) (i)

85. Choose the correct statement:
A. the public sector would play useful in augmenting basic resources of country like land, forest, water
B. the public sector will have responsibility for meeting social need
C. public sector would not playa useful role in population controls
D. only (A) and (B)

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86. With the Industrial Policy Resolution of 1956, the future development of key industries became the exclusive responsibility of the State.
A. 18
B. 17
C. 16
D. 15

87. The expanded production of fertilizers, textiles & buildings require some
A. power production
B. domestic production of the necessary capital goods
C. economical growth
D. none of these

88. Assertion (A). Private location process leads to change in management with change in ownership.
Reason (R). Change in management is not a necessary condition for the process of privatisation.
A. Both (A) and (R) are correct.
B. (A) is correct but (R) is incorrect.
C. (A) is incorrect but (R) is correct.
D. Both (A) and (R) are incorrect.

89. One of the criticism levelled against the development strategy in India is that ………… .should have been given greater importance than industry.
A. agricultural sector
B. private sector
C. public sector
D. hilly sector

90. Which act gave the Government enormous control over the management?
A. Company’s act
B. Industrial act
C. M.R.T.P. Act
D. Both (A) and (B)

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