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Business Environment MCQ Questions & Answers

Business Environment MCQs : This section focuses on the "Business Environment". These Multiple Choice Questions (MCQs) should be practiced to improve the Business Environment skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.




Question 1

NDP is ____

A. Net Domestic Product.
B. Net Domestic Percentage.
C. Net Domestic Personnel.
D. Net Domestic Public.

View Answer

Question 2

____ is a statement Which derives the role that an organization plays in a society.

A. Goals.
B. Mission.
C. Objective.
D. Success.

View Answer

Question 3

Policy regarding population is termed/called as

A. Indian Population policy
B. National population policy
C. Demographic population policy.
D. Population policy.

View Answer

Question 4

________environment refers to all economic factors which have a bearing on thefunctioning of a business

A. Economic
B. Technological
C. Natural
D. Social

View Answer

Question 5

Which is not the part of compositional characteristics of population?

A. Size and growth
B. Power
C. Density
D. Literacy rate

View Answer

Question 6

Macro environment is also called as _______

A. general environment.
B. operating environment.
C. economic environment.
D. political environment.

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Question 7

___________ is a short-term unsecured promissory note issued by reputed businessorganisations at a price lower than its face value and redeemable at par.

A. Treasury bill
B. Commercial paper
C. Certificate of deposit
D. Promissory note

View Answer

Question 8

As per Malthu’s theory growth of population is increase

A. Geometrically
B. Arithmetically
C. Progressively.
D. Drastically

View Answer

Question 9

The first MNC came to India in ___

A. 1920
B. 1921
C. 1919
D. 1923

View Answer

Question 10

Which one of the following is a money market instrument?

A. Unit of mutual fund
B. Debenture
C. Bond
D. Treasury bill

View Answer

Question 11

In which year socialism the tools production are not managed by government?

A. 1952
B. 1950
C. 1951
D. 1953

View Answer

Question 12

The first MNC came to India in _______

A. 1920
B. 1921
C. 1919
D. 1923

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Question 13

Multinational corporations is also referred to ____

A. Multinational collaboration
B. Multinational entity
C. Transnational corporation
D. Multinational development

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Question 14

IMF stands

A. International money force
B. International monetary fund
C. Indian money fund
D. International multinational foreign

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Question 15

________ signifies the absence of any arbitrary restraint on the freedom of individualaction and creations for the development of personality of The individual.

A. Fraternity
B. Liberty
C. Secularism
D. Socialism

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Question 16

_______plays the watch dog in order to ensure that both function in public interest andwithin the boundaries of constitution

A. Legislature
B. Executive
C. Judiciary
D. Public

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Question 17

Corporate values are the _______ of the corporate sector.

A. shared values.
B. moral beliefs.
C. customer satisfaction.
D. goodwill.

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Question 18

_____________ audit implies a report on the social performance of business unit.

A. Global
B. Local
C. Natural
D. Social

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Question 19

Identification of companies technological assets that may provide ___________ in newbusinesses

A. Opportunities
B. Development
C. Failure
D. Authority

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Question 20

What was the period of the 12th five-year plan of India?

A. 2007 to 2012
B. 2012 to 2017
C. 2017 to 2022
D. 2010 to 2015

View Answer

Question 21

One Reserve Bank of India introduced certificates of deposit in ____

A. 1964
B. 1989
C. 1986
D. 1990

View Answer

Question 22

The objectives of import duty is/are

A. To raise income for the government.
B. To restrict imports.
C. To encourage exports.
D. To raise income and restrict imports.

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Question 23

FERA is foreign exchange regulation act for __

A. Industries
B. Small scale
C. Labor
D. Owner

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Question 24

________ is a source of financing to meet very short-term fund requirements ofcommercial banks with a provision of renewal.

A. Treasury Bill
B. Commercial Paper
C. Certificate of Deposit
D. Call Money

View Answer

Question 25

What does micro environment consists of ___

A. Economic
B. Political &legal
C. Consumers competitors
D. Demographic

View Answer

Question 26

Globalisation is the term used to describe process of removal of restriction on

A. Investment
B. Foreign Trade
C. Both (A) and (B)
D. None of the above

View Answer

Question 27

Multinational corporations is also referred to ____________

A. multinational collaboration.
B. multinational entity.
C. transnational corporation.
D. multinational development.

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Question 28

Economic growth can be measured by ___________

A. the CPI.
B. the CBI.
C. GDP.
D. MPC.

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Question 29

A systematic application of scientific knowledge to practical task is known as________

A. technology.
B. culture.
C. demograpic.
D. legal.

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Question 30

Industrial policy was set up in the year __

A. 1955
B. 1956
C. 1957
D. 1958

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Question 31

WTO aims at:

A. Establishing rules for domestic trade
B. Restricting trade practices
C. Liberalising international trade
D. None of these

View Answer

Question 32

The short term financial instruments traded in money market is commonly called

A. Bonds
B. Shares
C. Notes
D. Commercial Papers

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Question 33

The second five year plan was given during 1956 regarding _

A. Legal planning
B. Soviet planning
C. Government planning
D. Agricultural planning

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Question 34

The environment analysis that provides inputs for strategies decision making is _

A. Strategic management
B. Environmental analysis
C. Business environment
D. Business analysis

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Question 35

The micro environment consists ______

A. Technological Environment.
B. Political Environment.
C. Economic Environment.
D. Public, middlemen, consumers & competitors.

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Question 36

________ is a statement which derives the role that an organization plays in a society

A. Goals
B. Mission
C. Objective
D. Success

View Answer

Question 37

Gdp is _

A. Gross domestic product
B. Gross domestic percentage
C. Gross domestic personnel
D. Gross domestic public

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Question 38

_______is the primary motive for a business enterprise

A. Profit
B. Maximize customers
C. Human objective
D. Maximize suppliers

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Question 39

The Constitution declares India to be a sovereign, socialist, secular, democratic republic, assuring its citizens of justice, equality, and liberty, and endeavours to promote fraternity among them. The words "socialist" and "secular" were added to the definition in year:

A. 1956
B. 1976
C. 1970
D. 1952

View Answer

Question 40

External factors affecting a business environment also be referred to ___factors.

A. controllable.
B. uncontrollable.
C. relevant.
D. global

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Question 41

National stock exchange was set up a joint stock company by all indian financial institutionand banks on November 27 ____

A. 1991
B. 1992
C. 1993
D. 1994

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Question 42

________is also called government which implements whatever is decided by theparliament

A. Legislature
B. Executive
C. Judiciary
D. Public

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Question 43

___________ is the integration of world economy into a single market through removalof trade barriers between countries.

A. Privatisation
B. Liberalisation
C. Globalisation
D. Both (a) and (b)

View Answer

Question 44

______environment is with in the control of the business.

A. Internal.
B. External.
C. Micro.
D. Macro.

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Question 45

Which one of the following is not a function of financial market?

A. Mobilisation of savings
B. Price determination of securities
C. Floating of companies
D. Lowering transaction cost

View Answer

Question 46

Technological environment consist of

A. Proves cause and effect relationship
B. Creation of Knowledge and its application
C. Finding facts and maintenance
D. Management of technology

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Question 47

Liberalization means

A. Free determination of interest rates
B. Liberating the industry, trade and economy from unwanted restrictions
C. Opening up of economy to the world by attaining international competitiveness
D. Reducing number of reserved industries from 17 to 8

View Answer

Question 48

what is the nature of business environment?

A. Aggression.
B. Relative.
C. Uncertain.
D. Aggression, Relative and Uncertain.

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Question 49

The sixth plan mentions 17 criteria for determining the prevalence of ____

A. poor.
B. academician.
C. backwardness.
D. business.

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Question 50

Which of the following is not an economic activity

A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket

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Question 51

________ identifies the early signals of possible environment changes

A. Scanning
B. Monitoring
C. Forecasting
D. Assessing

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Question 52

A valid definition of a business purpose is to _______

A. create a customer.
B. maximize profits.
C. serve the society.
D. increase the wealth in the firm.

View Answer

Question 53

Under ____ economic system, all the economic activities of the country are controlledand regulated by the government in the interest of the Public

A. Capitalism
B. Socialism
C. Democratic
D. Republic

View Answer

Question 54

The following statement with respect to culture is false.

A. Culture is enduring.
B. Culture is changing.
C. Culture is evolved among the members of a society.
D. Culture is determined by national boundaries.

View Answer

Question 55

Which one of the following is a part of economic environment?

A. Public debt
B. Lifestyle of people
C. Technological changes
D. Level of education

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Question 56

________should facilitate & enhance strategies thinking in organization

A. Strategic management
B. Environmental analysis
C. Business environment
D. Business analysis

View Answer

Question 57

The legal system in India is based on ______

A. Common law.
B. Civil law.
C. Theocratic law.
D. Hindu law.

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Question 58

Self fulfillment and immediate gratification are ____________ cultural values

A. Decreases
B. Rises
C. Diminishes
D. Corporate

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Question 59

The techniques of privatization are contract _______and concession.

A. building.
B. free .
C. leases .
D. hire purchase.

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Question 60

The focus on increasing profitability and profit growth by reaping the cost reduction thatcome from economies of scale is ________

A. global standardization strategy.
B. localization strategy.
C. transnational strategy
D. international strategy.

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Question 61

Business includes _____

A. non-economic activities.
B. economic activities.
C. social activities.
D. production activities.

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Question 62

___________ occupies the central place in business.

A. People.
B. Raw material.
C. Labour.
D. Finished goods.

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Question 63

GNP stands for_____________________

A. Gross National Product
B. Gross negative product
C. Gross negotiable product
D. None of the above

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Question 64

____________ environment is very significantly influenced by the world tradeorganization principles and agreements.

A. Economic
B. Global
C. Legal
D. Political

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Question 65

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

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Question 66

FERA is foreign exchange regulation act for _________

A. industries .
B. small scale .
C. labour.
D. owner.

View Answer

Question 67

Which one is not the main objective of Fiscal Policy in India?

A. To promote employment opportunities
B. To minimize the inequalities of income and wealth
C. To promote price stability
D. To increase liquidity in economy

View Answer

Question 68

For the society, religion has no influence on.

A. Holidays
B. Language
C. Role of women
D. Marketing Practices

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Question 69

The economic system in which both public and private sectors co exist is known as___economy.

A. capitalism.
B. socialism.
C. democratic.
D. republic.

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Question 70

The _____ socialism seems to fall between capitalism and communism ____

A. increased.
B. decreased.
C. lowlevel.
D. medium.

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Question 71

In india liberalization and privatization began from__

A. 1991
B. 1971
C. 1981
D. 1947

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Question 72

____refers to the system of moral principles and rules of conduct applied to business.

A. Business culture.
B. Business ethics.
C. Business.
D. Society.

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Question 73

The origin of Common law is in _____

A. America.
B. England.
C. Russia.
D. India.

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Question 74

Macro environment consist of ______?

A. public.
B. political & legal.
C. suppliers.
D. customers.

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Question 75

Which of the following is not an essential feature of social environment?

A. Competitiveness
B. Respect for the individual
C. Better quality of life
D. Bailment

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Question 76

Secondary market is in the form of

A. Stock exchange.
B. Money market.
C. New issue market.
D. Commercial exchange.

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Question 77

The World Bank is a recognized member of

A. United Nations Development Council
B. United Nations Development Group
C. United Nations Security Council
D. United Nations General Assembly

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Question 78

“Gujarat is dry state” - what can we conclude from statement.

A. Taboo
B. Social stratification
C. Taste and preference
D. None of the Above

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Question 79

Competition is beneficial to the competing firms besides benefiting the ______?

A. producers.
B. intermediaries.
C. finances.
D. consumers.

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Question 80

World Bank has cleared a loan to aid which Indian mission?

A. Start up India
B. Stand up India
C. Skill India
D. None of the above

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Question 81

___________ is a systematic application of scientific or other organized knowledge topractical task.

A. Technology
B. Society
C. Demography
D. Responsibility

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Question 82

Capitalism stresses the philosophy of individualism believing in private Ownership comesunder ____

A. legal planning.
B. soviet planning.
C. government planning.
D. agricultural planning.

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Question 83

Strata means....

A. Group of same kind of people
B. Group of different kind of people
C. Both
D. Cant say

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Question 84

Which condition population remain stableI. High birthrate and high death rate II. Low birthrate and high death rate III. High birthrate and low death rate IV. Low birthrate and low death rate

A. I & III
B. I & IV
C. II & III
D. All of the above

View Answer

Question 85

Business includes ___

A. Non-economic activities
B. Economic activities
C. Social activities
D. Production activities

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Question 86

In capitalism ____ losses assumed by the customers.

A. economics.
B. technological.
C. natural.
D. social.

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Question 87

What was the predecessor of WTO?

A. GAAT
B. IMF
C. ADB
D. UNCTAD

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Question 88

Fiscal policy refers to the policy of government regarding taxation, public expenditureand___

A. Public debt
B. Budgets
C. Policies
D. Deposits

View Answer

Question 89

External factors affecting a business environment also be referred to ____factors

A. Controllable
B. Uncontrollable factors
C. Relevant
D. Global

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Question 90

SEBI is a regulator of

A. Capital market.
B. Money market.
C. Commodity market.
D. Overseas market.

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Question 91

The economic system in which business units or factors of production are privatelyowned and governed is called as _____

A. Capitalism
B. Socialism
C. Democratic
D. Republic

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Question 92

The environment which is close to business and affect its capacity to work is known as___environment.

A. internal.
B. external.
C. micro.
D. macro.

View Answer

Question 93

A valid definition of a business purpose is to __

A. Create a customer
B. Maximize profits
C. Serve the society
D. Increase the wealth in the firm

View Answer

Question 94

__________ environment sets the basis for developmental activity of the business system.

A. Financial environment
B. Technology environment
C. Global environment
D. Macro environment

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Question 95

____________ is the market which helps existing investors to sell their securities.

A. Primary market
B. Secondary market
C. Capital market
D. Commodity market

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Question 96

________is the business through which new ideas and innovations are given a sharp and areconverted into useful products and services .

A. Market Leadership.
B. Challenge.
C. Joy of Creation.
D. Growth.

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Question 97

Porter s model represents the relationship between _______

A. organizational and environment.
B. society and environment.
C. organization and society.
D. society and industry.

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Question 98

Competition is beneficial to the competing firms besides benefiting the ___

A. Producers
B. Intermediaries
C. Finances
D. Consumers

View Answer

Question 99

Goals realization continuously will lead to _______

A. mission fulfillment.
B. maximize customers.
C. high revenue.
D. maximize suppliers.

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Question 100

A mixed economy is necessarily a _____

A. controlled.
B. planned.
C. organised.
D. planned, organised and controlled.

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Question 101

India is good example for ________economy.

A. socialist.
B. mixed .
C. capitalist.
D. communist.

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Question 102

Secularism is understood to mean according equal encouragement to all ________

A. Country
B. Ethics
C. Values
D. Religion

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Question 103

Self fulfillment and immediate gratification are_____cultural values.

A. decreases.
B. rises.
C. diminishes.
D. corporte.

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Question 104

Culture spreads from one place to anther and such transmission is called as ________

A. difference.
B. reputation.
C. adoption.
D. heritage.

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Question 105

Macro environment is also known as ____

A. Direct environment
B. Indirect environment
C. Competitive environment
D. Social environment

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Question 106

The era of deregulation liberalization begin in _

A. 1950 - 51
B. 1980-81
C. 1991-92
D. 1960-61

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Question 107

In some circles a multinational corporations is referred to ____________

A. Multinational collaboration
B. Multinational entity
C. Multinational enterprises
D. Multinational development

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Question 108

Macro environment is also known as _________?

A. direct environment .
B. indirect environment.
C. competitive environment.
D. social environment.

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Question 109

Study of human population is called as _______ environment

A. Political
B. Social
C. Demographic
D. Economic

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Question 110

_______ technology having less chance of Error.

A. Capital intensive technology
B. Labor intensive technology
C. Both
D. Cant say

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Question 111

_______ state can have an elected or hereditary head.

A. Democratic.
B. Autocratic.
C. Socialized.
D. Republic.

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Question 112

Goals of World bank includes

A. Promotion of foreign investment
B. Promotion of international trade
C. Facilitation of capital investment
D. All of the Above

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Question 113

The ________ of the government covers all those principles ,policies,rules and proceduresand control the industrial enterprise of the economy.

A. Industrial
B. Fiscal
C. Monetary
D. Macro

View Answer

Question 114

The following statement with respect to culture is false

A. Culture is enduring
B. Culture is changing
C. Culture is evolved among the members of a society
D. Culture is determined by national boundaries

View Answer

Question 115

There are _____sins of privatization.

A. 5
B. 6
C. 7
D. 8

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Question 116

India is good example for ________economy

A. Socialist
B. Mixed
C. Capitalist
D. Communist

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Question 117

In communism the state determines one s employer and employment ____

A. socialism.
B. economics.
C. communism.
D. capitalism.

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Question 118

____________ is the institution which provides a platform for trading of existingsecurities having long-term maturity.

A. SEBI
B. WTO
C. Stock exchange
D. RBI

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Question 119

The following factors are key drivers of globalisation

A. Government action, exchange rates, competition and sociodemographic factors.
B. Market convergence, competition, exchange rates and cost advantages.
C. Cost advantages, government action, economic cycles and competition.
D. Market, cost, competition and government policies.

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Question 120

The taking over of a private firm by the host country government to be run it as a governmentunit is ______

A. expropriation.
B. confiscation.
C. nationalisation.
D. domestication

View Answer

Question 121

By which act does the government check restrictive trade?

A. MRTP Act
B. FEMA act
C. Industrial Policy Act 1991
D. None of these

View Answer

Question 122

World Bank' was founded in

A. October, 1948
B. April, 1949
C. July, 1944
D. May, 1945

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Question 123

_______ are a primary mechanism for motivating business activities

A. Social relationship
B. Profit
C. Customers
D. Assets

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Question 124

Study of human population is called as _____ environment.

A. political.
B. social.
C. demographic.
D. economic

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Question 125

________environment refers to all economic factors which have a bearing on the functioningof a business.

A. Economic.
B. Technological.
C. Natural.
D. Social.

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Question 126

Corporate values are the _______ of the corporate sector

A. Shared values
B. Moral beliefs
C. Customer satisfaction
D. Goodwill

View Answer

Question 127

Culture spreads from one place to another and such transmission is called as____

A. Difference
B. Reputation
C. Adoption
D. Heritage

View Answer

Question 128

________is the process of analyzing the environment for the identification of factors which haveimpact on or have implication for the business.

A. Assessment
B. Forecasting
C. Scanning
D. None of these

View Answer

Question 129

Which is not the member of World bank Group

A. International monetory fund
B. International finance corporation
C. International development Association
D. International bank for development and reconstruction

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Question 130

Which of the following modern business is dynamic

A. Mass production
B. Mass marketing
C. Mass sales
D. Mass purchase

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Question 131

________ change is a potent fame the reconfiguration of industrial boundaries

A. Technological
B. Economical
C. Organizational
D. Environmental

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Question 132

The European Union is an example of ______

A. monetary union.
B. free trade area.
C. common market.
D. economic union.

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Question 133

Which of the following is not a business opportunity generated by Globalisation ?

A. Access to low cost labour
B. Cheap International Transport
C. Currency Crisis
D. Less stringent regulations of the Business Environment

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Question 134

An attitude composed of effect____

A. flextime.
B. cognition.
C. relationship.
D. culture.

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Question 135

Business are raising/generate fund through

A. Capital market
B. Money market
C. Both
D. None of the above

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Question 136

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.

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Question 137

What is the main occupation of Kshatriyas?

A. engage in cleaning.
B. engaged in trade.
C. engaged in army work.
D. none of the above

View Answer

Question 138

One concept of culture determines the ____________ of people

A. Experience
B. Ethos
C. Education
D. Wealth

View Answer

Question 139

Factors that create opportunities and threats to business units is known as_______

A. internal environment.
B. external environment.
C. micro environment.
D. macro environment.

View Answer

Question 140

Which plan gives priority for family planning?

A. State Policy.
B. Judicial Policy.
C. Industrial
D. Energy

View Answer

Question 141

MRTP act was set up in the year _______

A. 1950
B. 1951
C. 1952
D. 1953

View Answer

Question 142

Characteristic of population: calculation of sex ratio (Gender) means

A. Number of females per thousand male
B. Number of males per hundred female
C. Number of females per hundred male
D. Number of females per thousand male

View Answer

Question 143

What are the bodies which political environment consists of

A. Middlemen
B. Suppliers
C. Customer
D. Legislature executive & judiciary

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Question 144

The income level of residents in a country is indicated by _______

A. gross national income.
B. gross domestic product.
C. per capita gross national income.
D. per capita gross domestic product.

View Answer

Question 145

_____ micro environment is also known as direct environment

A. Economic
B. Political & legal
C. Competitors
D. Suppliers

View Answer

Question 146

Governments policy towards industries is called as ____

A. Economic policy
B. Industrial policy
C. Monetary policy
D. Work policy

View Answer

Question 147

________ is the process of analyzing the environment for the identification of the factorswhich have implication for the business.

A. Scanning
B. Assessment
C. Evaluation
D. Information

View Answer

Question 148

The legal system in India is based on

A. Common law.
B. Civil law.
C. Theocratic law.
D. Hindu law.

View Answer

Question 149

_________ decides on a particular course of action

A. Legislature
B. Executive
C. Judiciary
D. Public

View Answer

Question 150

One concept of culture determines the ___ of people.

A. experience.
B. ethics.
C. education.
D. wealth.

View Answer

Question 151

What are the elements of business environment?

A. Micro Environment.
B. Macro Environment.
C. Complex Environment.
D. Steeple factor

View Answer

Question 152

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

View Answer

Question 153

__________ feature of business environment states that various factors of businessenvironment affect each other.

A. Pervasive
B. Continuous
C. Dynamic
D. Interrelatedness

View Answer

Question 154

The operating risk in the host country does not include the risk of

A. Change in government policies.
B. Exchange control.
C. Price controls.
D. Sanctions.

View Answer

Question 155

The Industrial policy resolution was passed first in

A. 1947
B. 1956
C. 1931
D. 1999

View Answer

Question 156

Who gave a practical shape to privatization

A. Margrat thatcher
B. Louis peter
C. Williams
D. Fayol

View Answer

Question 157

Who is responsible for presenting the Union Budget before the Parliament?

A. Prime Minister
B. RBI Governor
C. Finance Minister
D. None of the above

View Answer

Question 158

What is the main role of the World Bank?

A. To be a forum for trade and liberalization.
B. To facilitate private investment around the world.
C. To assist countries in development.
D. All of the options given are correct.

View Answer

Question 159

Which among these is monopolistic trade practice?

A. Manufacturing only one product
B. Selling only one product
C. Limiting technical Development
D. Unreasonably limiting competition

View Answer

Question 160

Free trade is based on the principle of ___

A. Comparative advantage
B. Comparative scale
C. Economies of advantage
D. Production possibility advantage

View Answer

Question 161

The macro environment consists of ___

A. Economic political &legal
B. Consumer competitors
C. Public
D. Middlemen

View Answer

Question 162

One of the objectives of industrial policy is to accelerate the rate of economic Growth andspeed up industrialization___

A. 1955
B. 1956
C. 1957
D. 1958

View Answer

Question 163

Population is a component of the total ______environment.

A. economic.
B. social.
C. natural.
D. technology.

View Answer

Question 164

Economic environment refers to all forces which have a _____

A. political.
B. natural
C. economic.
D. social.

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Question 165

Which can be a method of privation?

A. Denationalization.
B. Purchasing shares.
C. Takeover.
D. Merger.

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Question 166

What are the main concepts concerning about business goals or objectives?

A. Mission, objectives.
B. Mission , targets.
C. Mission, objectives, target.
D. Target, objectives.

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Question 167

Population is a component of the ______environment

A. Demographic
B. Social
C. Natural
D. Technology

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Question 168

State directive principles are

A. Suggestion to direction
B. Instruments of instruction
C. Principles of instruction
D. Responsibility to state principles

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Question 169

The following is not a feature of globalisation

A. Similar strategies are adopted by a firm in all markets.
B. Only multinational firms engage in international business.
C. The convergence of ideas and culture.
D. Obliteration of national boundaries.

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Question 170

________________ environment can be defined as that part of the environment that isconcerned with the entire social system.

A. General environment
B. Operating environment
C. Social environment
D. Political environment

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Question 171

When was the first Five year Plan?

A. 1950
B. 1951
C. 1952
D. 1953

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Question 172

Primary and secondary markets develop simultaneously because they

A. Complement each other.
B. Compete with each other.
C. Control each other.
D. Function independently.

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Question 173

Fical policy refers to the policy of government regarding taxtation public expenditure and ____

A. public debt.
B. budgets.
C. policies.
D. deposits.

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Question 174

_______ state can have an elected or hereditary head

A. Democratic
B. Autocratic
C. Socialized
D. Republic

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Question 175

The economic system in which business units or factors of production are privately ownedand governed is called as______

A. capitalism.
B. socialism.
C. democratic.
D. republic.

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Question 176

________is the business through which new ideas and innovations are given a sharp andare converted into useful products and services

A. Market leadership
B. Challenge
C. Joy of creation
D. Growth

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Question 177

Proper understanding of business environment is not a prerequisite for

A. Tapping of useful resources.
B. Identification of opportunities and threats.
C. Formulation of strategies.
D. Better coordination of employee efforts.

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Question 178

Which of the following migration of population does not change the size of thepopulation?

A. External migration
B. Internal migration
C. International migration
D. National migration.

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Question 179

__________ decides on a particular course of action.

A. Legislature.
B. Executive.
C. Judiciary.
D. Public.

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Question 180

Laissez Faire policy is adopted in

A. Socialist Economic system
B. Capitalist Economic system
C. Communist Economic System
D. Mixed Economic System

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Question 181

_______ technology require more human efforts.

A. Capital intensive technology
B. Labor intensive technology
C. Both
D. Cant say

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Question 182

_______ refers to all forces which have an economic impact

A. Technological environment
B. Political environment
C. Economic environment
D. Social environment

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Question 183

Export control refers to restrictions on

A. Domestic firms from engaging in exports.
B. Items that can be exported from the country.
C. Foreign countries exporting to the country.
D. Domestic firms engaging in trade with nation.

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Question 184

Liberalization means

A. Reducing number of reserved industries from 17 to 8
B. Liberating the industry, trade and economy from unwanted restrictions
C. Opening up of economy to the world by attaining international competitiveness
D. Free determination of interest rates

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Question 185

Industrial policy of 1948 aimed at ______

A. industrialization
B. growth of agriculture.
C. development of infrastructure .
D. development of service sector.

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Question 186

A multi-national corporation (MNC) is defined by

A. Carrying out production in more than one country.
B. Having sales in more than one country.
C. Having a multi-ethnic workforce .
D. Having suppliers in more than one country.

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Question 187

SAOIL is ______

A. Steel authority of India ltd .
B. School authority of India ltd.
C. State authority of India ltd.
D. Span authority of India ltd.

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Question 188

In India liberalization and privatization began from____

A. 1991
B. 1971
C. 1981
D. 1947

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Question 189

Which of the following is not a fundamental right in the Constitution of India?

A. Right to work
B. Right to Equality
C. Right to Education
D. Right against exploitation

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Question 190

Industrial policy of 1948 aimed at ____

A. Industrialization
B. Growth of agriculture
C. Development of infrastructure
D. Development of service sector

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Question 191

Political environments refers to the influence excreted by the ______political institutions

A. 2
B. 3
C. 4
D. 5

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Question 192

_______Is vast and fascinating subject for business

A. Technology
B. Profit making
C. Change
D. People

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Question 193

In some circles, a multinational corporations is also referred to ____________

A. multinational collaboration .
B. multinational entity.
C. multinational enterprises.
D. multinational development.

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Question 194

Economic environment refers to all forces which have a _______impact on business

A. Political
B. Natural
C. Economic
D. Social

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Question 195

________ is concerned with developing projection of direction, scope, speed & intensityof environmental change

A. Scanning
B. Monitoring
C. Forecasting
D. Assessing

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Question 196

Internal factors affecting a business environment also are referred to ____factors.

A. controllable.
B. uncontrollable factors.
C. relevant.
D. global.

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Question 197

GDP is ____

A. Gross Domestic Product.
B. Gross Domestic Percentage.
C. Gross Domestic Personnel.
D. Gross Domestic Public.

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Question 198

_______ technology helps to gain more profit.

A. Capital intensive technology
B. Labor intensive technology
C. Both
D. Cant say

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Question 199

Which is the one not included in national culture?

A. Language.
B. Internet.
C. Belief.
D. Attitude.

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Question 200

______ involves freedom of doing business.

A. Globalization
B. Privatization
C. Liberalization
D. None of the Above

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Question 201

When a company taken over another one and clearly becomes the new owner, the action is called

A. Acquisition
B. Merger
C. Strategic Alliance
D. None of the above

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Question 202

In which of the following basic categories can business environment be divided?

A. Local and Regional
B. Regional and National.
C. Internal and External.
D. Financial and Nonfinancial.

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Question 203

Psu is ___

A. Private sector unit
B. Private serious unit
C. Private steel unit
D. Private scale unit

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Question 204

PEST is an acronym which stands for ________

A. Political, Environment, Societal, Technology. Share institution privatization.
B. Political, Economic, Societal, Technological.
C. Political, Economic, Social, Technological.
D. People, Economy, Standards, Tr

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Question 205

What is the single word that can best describe todays business

A. Technology
B. Profit making
C. Change
D. People

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Question 206

An effective crisis management plan will __

A. Minimize the seriousness of the problem
B. Exaggerate minor incident
C. Use the internet to convey the public affairs message
D. Immediately apologize to the public and accept any liability

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Question 207

_______ refers to all forces which have an economic impact.

A. Technological Environment.
B. Political Environment.
C. Economic Environment.
D. Legal environment

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Question 208

_______ technology saves time.

A. Capital intensive technology
B. Labor intensive technology
C. Both
D. None of the above

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Question 209

Fiscal policy is called as ______ policy.

A. monetary.
B. budgetary.
C. industrial.
D. economic.

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Question 210

Which can be a method of privatization

A. Denationalization
B. Purchasing shares
C. Takeover
D. Merger

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Question 211

What is the significance of business environment?

A. First Mover Advantage.
B. Competition.
C. Information.
D. Globalization.

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Question 212

Corporate contribution to political parties are now been ____________ in our country

A. Legalized
B. Customized
C. Introduced
D. Authorized

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Question 213

________ environment is beyond the control of the business

A. Internal
B. External
C. Micro
D. Macro

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Question 214

Headquarters of World Trade Organization at

A. Geneva
B. Japan
C. South Korea
D. Russia

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Question 215

Which among these can be the condition for the success of privatisation?

A. Measurability of performance
B. Alternative institutional arrangements
C. Barriers to enter the market
D. All of the above

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Question 216

Social Stratification is done on the basis of

A. Income level
B. Caste
C. Education
D. All of the Above

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Question 217

__________ means the proportion of a nation population living in urban areas.

A. Privatization
B. Globalization
C. Urbanization
D. Liberalization

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Question 218

Micro environment is also called as_______

A. General environment
B. Operating environment
C. Economic environment
D. Political environment

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Question 219

IN which year the essential commodities act introduced___

A. 1954
B. 1955
C. 1956
D. 1957

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Question 220

Which among the following is not opened for private sector participation

A. Railways
B. Telecommunication sector
C. Education sector
D. Power sector

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Question 221

Fundamental Rights have no value without__

A. Right to Freedom
B. Right to Freedom of Religion
C. Right to Constitutional Remedies
D. Right to Property

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Question 222

Who gave a practical shape to privatization?

A. MARGARAT THATCHER.
B. LOUIS PETER.
C. WILLIAMS.
D. FAYOL.

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Question 223

Fiscal policy is called as ________policy

A. Monetary
B. Budgetary
C. Industrial
D. Economic

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Question 224

_______is the primary motive for a business enterprise.

A. Profit.
B. Maximize customers.
C. Human objective.
D. Maximize suppliers.

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Question 225

Which of the following institutions cannot be included in the international financial andmonetary system?

A. World Bank
B. WTO
C. Bank for International Settlements
D. IMF

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Question 226

One of the long term objectives of the five year plan is reducing inequalities of ___wealth and income

A. Increased
B. Decreased
C. Medium
D. Low level

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Question 227

Industrial policy was set up in the year _______

A. 1955
B. 1956
C. 1957
D. 1958

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Question 228

The environmental factor that includes peoples attitude to family, religion etc is

A. Cultural.
B. Economic.
C. Socio- cultural.
D. Political.

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Question 229

Has the per capita income increased or decreased from 1980 to 2009 ___

A. increased.
B. decreased.
C. medium.
D. narrow.

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Question 230

____________ economy is not owned or managed by the government but owned byprivate individuals.

A. Social
B. Capitalist
C. Mixed
D. Macro

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Question 231

___ is defined as systematic assessment of the social impact of the activities of a businessfirm.

A. Social audit.
B. Social responsibility.
C. Social interaction.
D. Social benefit.

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Question 232

Currently ________ is implemented by government in place of Five year plan.

A. Make in India
B. NITI aayog
C. Skill India
D. PM aayog

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Question 233

The liberalization of the rules relating to FDI permitting _______% equity in wide range ofIndustries.

A. 50
B. 51
C. 52
D. 53

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Question 234

____ environment is beyond the control of the business.

A. Internal.
B. External.
C. Micro.
D. Macro.

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Question 235

The era of deregulation / liberalization begin in ___

A. 1950and51.
B. 1980
C. 1991
D. 1960

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Question 236

Legal rules and regulations relevant to business are included in ____ environment ofbusiness.

A. Legal
B. Political
C. Economic
D. Technological

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Question 237

Which plan gives priority for family planning

A. State policy
B. Judicial policy
C. Industrial
D. Energy

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Question 238

Is todays business is not characterized by diversification?

A. Social relationship.
B. Profit.
C. Customers.
D. Assets.

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Question 239

A systematic application of scientific knowledge to practical task is known as_

A. Technology
B. Culture
C. Demographic
D. Legal

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Question 240

The economic system in which both public and private sectors co-exist is known as ____economy

A. Capitalism
B. Socialism
C. Democratic
D. Mixed

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Question 241

Which is the one not included in national culture

A. Language
B. Internet
C. Belief
D. Attitude

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Question 242

The _____________ is an introduction to the constitution and contains its basicphilosophy.

A. Preamble
B. Society
C. Process
D. Service

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Question 243

What is the single word that can best describe today s business?

A. Technology.
B. Profit Making.
C. Change.
D. People.

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Question 244

Globalization does not involve.

A. Reduction of barrier
B. Free flow of goods and services.
C. Global mechanism for settlement of Economic disputes.
D. Free flow of Capital

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Question 245

According to whom, business environment is defined as total of all things external tofirms and industries which effect their organization and Operations

A. Arthur.m.welmer
B. John wick
C. Bayo
D. o.wheeler

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Question 246

Micro environment is also called as ________

A. general environment.
B. operating environment.
C. economics environment.
D. political environment.

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Question 247

________ is a very important factor that provides competitive advantage

A. Innovation
B. Modulation
C. Dimension
D. Variation

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Question 248

The aim of the private sector is to maximize __________

A. Loss
B. Profit
C. Import
D. Export

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Question 249

Economic growth can be measured by ___________

A. The cpi
B. The cbi
C. Gdp
D. Mpc

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Question 250

A company is affected by two broad set of factors are _________________

A. Local and regional
B. Regional and national
C. Internal and external
D. Financial and non-financial

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Question 251

The term fraternity implies the spirit of _________________

A. Brotherhood
B. Judiciary
C. Justice
D. Value

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Question 252

Is the modern business dynamic?

A. mass production.
B. mass marketing.
C. mass sales.
D. mass purchase.

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Question 253

Establishment Year of International Monetary Fund.

A. 1945
B. 1935
C. 1845
D. 2005

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Question 254

Is interference of government in business is common in every country?

A. 1960
B. 1970
C. 1980
D. 1990

View Answer

Question 255

What is the main occupation of kshatriyas

A. Engaged in cleaning
B. Engaged in trade
C. Engaged in army work
D. None of the above

View Answer