Business Environment MCQs
Business Environment MCQs is the sum total of all the internal and external factors that creates an impact on the business. It is referred to as the collection of all individuals and entities that may or may not be under the control of the organisation, but which can have a greater impact on the performance, growth, profitability and in some cases survival of the organisation.
Business environment helps in determining the various business opportunities, resources and also assists in forming plans for the growth of the organisation.
The components of a business environment MCQs can be media, customers, government, economic conditions, suppliers, competitors etc. There are two types of environment within the business environment which are known as micro environment and macro environment.
Following are some of the business environment multiple choice questions and answers that will help the students in brushing up their understanding of the concept of business environment MCQs.
91. The European Union is an example of ______.
A. monetary union.
B. free trade area.
C. common market.
D. economic union.
ANSWER: D
92. The major responsibility of RBI is __________.
A. healthy regulation.
B. monetary regulation.
C. work regulation .
D. industrial regulation.
93. The legal system in India is based on ______.
A. Common law.
B. Civil law.
C. Theocratic law.
D. Hindu law.
ANSWER: D
94. A mixed economy is necessarily a _____.
A. controlled.
B. planned.
C. organised.
D. planned, organised and controlled.
ANSWER: D
95. The origin of Common law is in _____.
A. America.
B. England.
C. Russia.
D. India.
ANSWER: A
96. The focus on increasing profitability and profit growth by reaping the cost reduction that
come from economies of scale is ________.
A. global standardization strategy.
B. localization strategy.
C. transnational strategy
D. international strategy.
ANSWER: A
97. The total accumulated value of foreign- owned assets at a given period of time is __.
A. flow of FDI
B. stock of FDI
C. inflow of FDI
D. outflow of FDI
ANSWER: B
98. The taking over of a private firm by the host country government to be run it as a government
unit is ______.
A. expropriation.
B. confiscation.
C. nationalisation.
D. domestication
ANSWER: C
99. Who is responsible for presenting the Union Budget before the Parliament?
A. Prime Minister
B. Finance Minister
C. RBI Governor
D. none of the above
ANSWER: B
100. The goods and the services produced, priced and distributed by the government is ___.
A. Market economy.
B. Secular economy.
C. Command economy.
D. Mixed economy.
ANSWER: C
