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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

Which can be a method of privation?

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

View Answer

Question 2

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

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

View Answer

Question 3

_______is the primary motive for a business enterprise.

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

View Answer

Question 4

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 5

_____ micro environment is also known as direct environment

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

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Question 6

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 7

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

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

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Question 8

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 9

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 10

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 11

One concept of culture determines the ____________ of people

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

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Question 12

Economic growth can be measured by ___________

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

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Question 13

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 14

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 15

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

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Question 16

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 17

Study of human population is called as _____ environment.

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

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Question 18

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

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

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Question 19

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 20

Is the modern business dynamic?

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

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Question 21

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

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

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Question 22

Which is the one not included in national culture?

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

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Question 23

The macro environment consists of ___

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

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Question 24

what is the nature of business environment?

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

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Question 25

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 26

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 27

Industrial policy was set up in the year __

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

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Question 28

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

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Question 29

Population is a component of the ______environment

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

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Question 30

What does micro environment consists of ___

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

View Answer

Question 31

When was the first Five year Plan?

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

View Answer

Question 32

Micro environment is also called as_______

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

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Question 33

_______ technology having less chance of Error.

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

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Question 34

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.

View Answer

Question 35

The aim of the private sector is to maximize __________

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

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Question 36

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 37

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

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Question 38

One concept of culture determines the ___ of people.

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

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Question 39

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 40

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 41

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 42

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 43

________________ 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 44

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 45

Industrial policy was set up in the year _______

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

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Question 46

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

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Question 47

Governments policy towards industries is called as ____

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

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Question 48

Business includes _____

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

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Question 49

_________ decides on a particular course of action

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

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Question 50

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

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

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Question 51

As per Malthu’s theory growth of population is increase

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

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Question 52

World Bank' was founded in

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

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Question 53

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 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.

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Question 55

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

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Question 56

Macro environment is also known as ____

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

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Question 57

________ change is a potent fame the reconfiguration of industrial boundaries

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

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Question 58

Fiscal policy is called as ______ policy.

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

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Question 59

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 60

The techniques of privatization are contract _______and concession.

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

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Question 61

What was the predecessor of WTO?

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

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Question 62

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 63

Competition is beneficial to the competing firms besides benefiting the ___

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

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Question 64

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 65

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

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

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Question 66

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 67

______ involves freedom of doing business.

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

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Question 68

_______ state can have an elected or hereditary head

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

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Question 69

Political environments refers to the influence excreted by the ______political institutions

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

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Question 70

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 71

WTO aims at:

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

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Question 72

Free trade is based on the principle of ___

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

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Question 73

Economic growth can be measured by ___________

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

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Question 74

Multinational corporations is also referred to ____________

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

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Question 75

Goals realization continuously will lead to _______

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

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Question 76

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 77

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 78

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

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Question 79

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 80

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 81

The origin of Common law is in _____

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

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Question 82

Micro environment is also called as ________

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

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Question 83

There are _____sins of privatization.

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

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Question 84

Economic environment refers to all forces which have a _____

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

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Question 85

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 86

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 87

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 88

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

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Question 89

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.

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Question 90

The Industrial policy resolution was passed first in

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

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Question 91

________ identifies the early signals of possible environment changes

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

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Question 92

Macro environment consist of ______?

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

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Question 93

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 94

Who gave a practical shape to privatization

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

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Question 95

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.

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Question 96

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 97

GDP is ____

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

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Question 98

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 99

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 100

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

View Answer

Question 101

________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 102

In communism the state determines one s employer and employment ____

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

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Question 103

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 104

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 105

Identification of companies technological assets that may provide ___________ in newbusinesses

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

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Question 106

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

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Question 107

________ is a very important factor that provides competitive advantage

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

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Question 108

____________ 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 109

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.

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Question 110

The micro environment consists ______

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

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Question 111

Which one of the following is a money market instrument?

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

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Question 112

________ 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 113

___________ 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)

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Question 114

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 115

________should facilitate & enhance strategies thinking in organization

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

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Question 116

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 117

IN which year the essential commodities act introduced___

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

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Question 118

________ environment is beyond the control of the business

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

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Question 119

Which is not the part of compositional characteristics of population?

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

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Question 120

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

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Question 121

Macro environment is also known as _________?

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

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Question 122

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 123

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

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

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Question 124

IMF stands

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

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Question 125

Which is the one not included in national culture

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

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Question 126

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 127

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

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

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Question 128

_______ state can have an elected or hereditary head.

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

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Question 129

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.

View Answer

Question 130

MRTP act was set up in the year _______

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

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Question 131

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

View Answer

Question 132

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 133

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

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

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Question 134

External factors affecting a business environment also be referred to ____factors

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

View Answer

Question 135

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

View Answer

Question 136

Corporate values are the _______ of the corporate sector.

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

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Question 137

______environment is with in the control of the business.

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

View Answer

Question 138

Headquarters of World Trade Organization at

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

View Answer

Question 139

India is good example for ________economy

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

View Answer

Question 140

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

View Answer

Question 141

FERA is foreign exchange regulation act for __

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

View Answer

Question 142

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 143

The first MNC came to India in ___

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

View Answer

Question 144

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 145

Social Stratification is done on the basis of

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

View Answer

Question 146

For the society, religion has no influence on.

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

View Answer

Question 147

Industrial policy of 1948 aimed at ____

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

View Answer

Question 148

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 149

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 150

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

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

View Answer

Question 151

In india liberalization and privatization began from__

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

View Answer

Question 152

__________ decides on a particular course of action.

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

View Answer

Question 153

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

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

View Answer

Question 154

What is the significance of business environment?

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

View Answer

Question 155

____ environment is beyond the control of the business.

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

View Answer

Question 156

One Reserve Bank of India introduced certificates of deposit in ____

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

View Answer

Question 157

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 158

_______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

View Answer

Question 159

Study of human population is called as _______ environment

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

View Answer

Question 160

Psu is ___

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

View Answer

Question 161

________ 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

View Answer

Question 162

_______ technology helps to gain more profit.

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

View Answer

Question 163

The era of deregulation liberalization begin in _

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

View Answer

Question 164

_______ are a primary mechanism for motivating business activities

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

View Answer

Question 165

The legal system in India is based on

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

View Answer

Question 166

Who gave a practical shape to privatization?

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

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Question 167

A mixed economy is necessarily a _____

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

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Question 168

Business includes ___

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

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Question 169

________ 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

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Question 170

____________ 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 171

What are the elements of business environment?

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

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Question 172

In capitalism ____ losses assumed by the customers.

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

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Question 173

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

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

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Question 174

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 175

“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 176

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 177

________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

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Question 178

_______ technology require more human efforts.

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

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Question 179

_______Is vast and fascinating subject for business

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

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Question 180

The era of deregulation / liberalization begin in ___

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

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Question 181

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 182

Which plan gives priority for family planning?

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

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Question 183

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

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Question 184

Gdp is _

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

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Question 185

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

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

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Question 186

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 187

The term fraternity implies the spirit of _________________

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

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Question 188

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

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

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Question 189

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

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Question 190

___________ 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

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Question 191

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 192

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 193

Which can be a method of privatization

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

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Question 194

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 195

Self fulfillment and immediate gratification are ____________ cultural values

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

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Question 196

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 197

_______ 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 198

Fiscal policy is called as ________policy

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

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Question 199

Population is a component of the total ______environment.

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

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Question 200

Self fulfillment and immediate gratification are_____cultural values.

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

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Question 201

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 202

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 203

Business are raising/generate fund through

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

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Question 204

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 205

India is good example for ________economy.

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

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Question 206

Secularism is understood to mean according equal encouragement to all ________

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

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Question 207

___ 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 208

________is also called government which implements whatever is decided by theparliament

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

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Question 209

Is todays business is not characterized by diversification?

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

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Question 210

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.

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Question 211

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

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Question 212

FERA is foreign exchange regulation act for _________

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

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Question 213

________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 214

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 215

Macro environment is also called as _______

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

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Question 216

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 217

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

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

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Question 218

___________ 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 219

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 220

Which plan gives priority for family planning

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

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Question 221

An attitude composed of effect____

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

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Question 222

Corporate values are the _______ of the corporate sector

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

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Question 223

SEBI is a regulator of

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

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Question 224

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

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

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Question 225

____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 226

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 227

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 228

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

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

View Answer

Question 229

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 230

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.

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Question 231

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 232

________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.

View Answer

Question 233

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 234

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

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

View Answer

Question 235

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 236

NDP is ____

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

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Question 237

_______is the primary motive for a business enterprise

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

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Question 238

The first MNC came to India in _______

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

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Question 239

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

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Question 240

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 241

_______ 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 242

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

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

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Question 243

________ 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

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Question 244

___________ occupies the central place in business.

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

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Question 245

_______ technology saves time.

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

View Answer

Question 246

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.

View Answer

Question 247

Establishment Year of International Monetary Fund.

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

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Question 248

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 249

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 250

The _____ socialism seems to fall between capitalism and communism ____

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

View Answer

Question 251

In India liberalization and privatization began from____

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

View Answer

Question 252

Multinational corporations is also referred to ____

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

View Answer

Question 253

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 254

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

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

View Answer

Question 255

What are the bodies which political environment consists of

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

View Answer