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.
31. Which can be a method of privation?
A. Denationalization.
B. Purchasing shares.
C. Takeover.
D. Merger.
ANSWER: A
32. In India liberalization and privatization began from____.
A. 1991.
B. 1971.
C. 1981.
D. 1947.
ANSWER: C
33. Industrial policy of 1948 aimed at ______.
A. industrialization
B. growth of agriculture.
C. development of infrastructure .
D. development of service sector.
ANSWER: A
34. _______ state can have an elected or hereditary head.
A. Democratic.
B. Autocratic.
C. Socialized.
D. Republic.
ANSWER: A
35. The era of deregulation / liberalization begin in ___.
A. 1950and51.
B. 1980.
C. 1991.
D. 1960.
ANSWER: A
36. ___________ occupies the central place in business.
A. People.
B. Raw material.
C. Labour.
D. Finished goods.
ANSWER: B
37. India is good example for ________economy.
A. socialist.
B. mixed .
C. capitalist.
D. communist.
ANSWER: B
38. Business includes _____.
A. non-economic activities.
B. economic activities.
C. social activities.
D. production activities.
ANSWER: B
39. What is the single word that can best describe today s business?
A. Technology.
B. Profit Making.
C. Change.
D. People.
ANSWER: C
40. Is the modern business dynamic?
A. mass production.
B. mass marketing.
C. mass sales.
D. mass purchase.
ANSWER: A
