Quiznetik
Business Environment | Set 2
1. When was the first Five year Plan?
A. 1950.
B. 1951.
C. 1952.
D. 1953.
Correct : B. 1951.
2. ________ identifies the early signals of possible environment changes
A. Scanning
B. Monitoring
C. Forecasting
D. Assessing
Correct : A. Scanning
3. The environmental factor that includes peoples attitude to family, religion etc is
A. Cultural.
B. Economic.
C. Socio- cultural.
D. Political.
Correct : C. Socio- cultural.
4. ________ is concerned with developing projection of direction, scope, speed & intensity of environmental change
A. Scanning
B. Monitoring
C. Forecasting
D. Assessing
Correct : B. Monitoring
5. For the society, religion has no influence on.
A. Holidays
B. Language
C. Role of women
D. Marketing Practices
Correct : B. Language
6. Social Stratification is done on the basis of
A. Income level
B. Caste
C. Education
D. All of the Above
Correct : D. All of the Above
7. 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.
Correct : D. Market, cost, competition and government policies.
8. 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.
Correct : B. Items that can be exported from the country.
9. 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
Correct : D. Bailment
10. 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
Correct : B. Creation of Knowledge and its application
11. ________environment refers to all economic factors which have a bearing on the functioning of a business
A. Economic
B. Technological
C. Natural
D. Social
Correct : A. Economic
12. Free trade is based on the principle of ___
A. Comparative advantage
B. Comparative scale
C. Economies of advantage
D. Production possibility advantage
Correct : A. Comparative advantage
13. Establishment Year of International Monetary Fund.
A. 1945
B. 1935
C. 1845
D. 2005
Correct : A. 1945
14. The second five year plan was given during 1956 regarding _
A. Legal planning
B. Soviet planning
C. Government planning
D. Agricultural planning
Correct : A. Legal planning
15. 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.
Correct : D. Sanctions.
16. The legal system in India is based on
A. Common law.
B. Civil law.
C. Theocratic law.
D. Hindu law.
Correct : D. Hindu law.
17. 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.
Correct : D. To raise income and restrict imports.
18. 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.
Correct : A. Similar strategies are adopted by a firm in all markets.
19. WTO aims at:
A. Establishing rules for domestic trade
B. Restricting trade practices
C. Liberalising international trade
D. None of these
Correct : C. Liberalising international trade
20. 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
Correct : C. Currency Crisis
21. 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
Correct : C. Skill India
22. Which of the following institutions cannot be included in the international financial and monetary system?
A. World Bank
B. WTO
C. Bank for International Settlements
D. IMF
Correct : C. Bank for International Settlements
23. 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
Correct : D. All of the Above
24. 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
Correct : A. International monetory fund
25. 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
Correct : B. United Nations Development Group
26. 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
Correct : A. Increased
27. 'World Bank' was founded in
A. October, 1948
B. April, 1949
C. July, 1944
D. May, 1945
Correct : C. July, 1944
28. Population is a component of the ______environment
A. Demographic
B. Social
C. Natural
D. Technology
Correct : A. Demographic
29. Which plan gives priority for family planning
A. State policy
B. Judicial policy
C. Industrial
D. Energy
Correct : A. State policy
30. Governments policy towards industries is called as ____
A. Economic policy
B. Industrial policy
C. Monetary policy
D. Work policy
Correct : B. Industrial policy
31. Industrial policy was set up in the year __
A. 1955
B. 1956
C. 1957
D. 1958
Correct : B. 1956
32. _______ technology saves time.
A. Capital intensive technology
B. Labor intensive technology
C. Both
D. None of the above
Correct : A. Capital intensive technology
33. _______ technology helps to gain more profit.
A. Capital intensive technology
B. Labor intensive technology
C. Both
D. Cant say
Correct : D. Cant say
34. _______ technology having less chance of Error.
A. Capital intensive technology
B. Labor intensive technology
C. Both
D. Cant say
Correct : A. Capital intensive technology
35. _______ technology require more human efforts.
A. Capital intensive technology
B. Labor intensive technology
C. Both
D. Cant say
Correct : B. Labor intensive technology
36. Strata means....
A. Group of same kind of people
B. Group of different kind of people
C. Both
D. Cant say
Correct : A. Group of same kind of people
37. In some circles a multinational corporations is referred to ____________
A. Multinational collaboration
B. Multinational entity
C. Multinational enterprises
D. Multinational development
Correct : C. Multinational enterprises
38. IMF stands
A. International money force
B. International monetary fund
C. Indian money fund
D. International multinational foreign
Correct : B. International monetary fund
39. Multinational corporations is also referred to ____
A. Multinational collaboration
B. Multinational entity
C. Transnational corporation
D. Multinational development
Correct : C. Transnational corporation
40. FERA is foreign exchange regulation act for __
A. Industries
B. Small scale
C. Labor
D. Owner
Correct : A. Industries
41. “Gujarat is dry state” - what can we conclude from statement.
A. Taboo
B. Social stratification
C. Taste and preference
D. None of the Above
Correct : A. Taboo
42. Gdp is _
A. Gross domestic product
B. Gross domestic percentage
C. Gross domestic personnel
D. Gross domestic public
Correct : A. Gross domestic product
43. Psu is ___
A. Private sector unit
B. Private serious unit
C. Private steel unit
D. Private scale unit
Correct : A. Private sector unit
44. 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.
Correct : C. To assist countries in development.
45. Who gave a practical shape to privatization
A. Margrat thatcher
B. Louis peter
C. Williams
D. Fayol
Correct : A. Margrat thatcher
46. 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
Correct : C. Floating of companies
47. Which one of the following is a money market instrument?
A. Unit of mutual fund
B. Debenture
C. Bond
D. Treasury bill
Correct : D. Treasury bill
48. Primary and secondary markets develop simultaneously because they
A. Complement each other.
B. Compete with each other.
C. Control each other.
D. Function independently.
Correct : A. Complement each other.
49. Secondary market is in the form of
A. Stock exchange.
B. Money market.
C. New issue market.
D. Commercial exchange.
Correct : A. Stock exchange.
50. SEBI is a regulator of
A. Capital market.
B. Money market.
C. Commodity market.
D. Overseas market.
Correct : A. Capital market.
51. 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.
Correct : C. Internal and External.
52. ____ is a statement Which derives the role that an organization plays in a society.
A. Goals.
B. Mission.
C. Objective.
D. Success.
Correct : B. Mission.
53. Economic environment refers to all forces which have a _____.
A. political.
B. natural
C. economic.
D. social.
Correct : C. economic.
54. ______environment is with in the control of the business.
A. Internal.
B. External.
C. Micro.
D. Macro.
Correct : A. Internal.
55. ____ environment is beyond the control of the business.
A. Internal.
B. External.
C. Micro.
D. Macro.
Correct : B. External.
56. Macro environment is also called as _______.
A. general environment.
B. operating environment.
C. economic environment.
D. political environment.
Correct : A. general environment.
57. 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.
Correct : C. micro.
58. Factors that create opportunities and threats to business units is known as_______.
A. internal environment.
B. external environment.
C. micro environment.
D. macro environment.
Correct : D. macro environment.
59. Internal factors affecting a business environment also are referred to ____factors.
A. controllable.
B. uncontrollable factors.
C. relevant.
D. global.
Correct : A. controllable.
60. External factors affecting a business environment also be referred to ___factors.
A. controllable.
B. uncontrollable.
C. relevant.
D. global
Correct : B. uncontrollable.
61. Study of human population is called as _____ environment.
A. political.
B. social.
C. demographic.
D. economic
Correct : C. demographic.
62. IN which year the essential commodities act introduced___.
A. 1954.
B. 1955.
C. 1956.
D. 1957.
Correct : B. 1955.
63. Which is the one not included in national culture?
A. Language.
B. Internet.
C. Belief.
D. Attitude.
Correct : B. Internet.
64. Culture spreads from one place to anther and such transmission is called as ________.
A. difference.
B. reputation.
C. adoption.
D. heritage.
Correct : A. difference.
65. An attitude composed of effect____.
A. flextime.
B. cognition.
C. relationship.
D. culture.
Correct : B. cognition.
66. 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
Correct : C. engaged in army work.
67. A systematic application of scientific knowledge to practical task is known as________.
A. technology.
B. culture.
C. demograpic.
D. legal.
Correct : A. technology.
68. ___ is defined as systematic assessment of the social impact of the activities of a business firm.
A. Social audit.
B. Social responsibility.
C. Social interaction.
D. Social benefit.
Correct : A. Social audit.
69. What are the elements of business ethics?
A. Values rights and duties.
B. attitudes pressure and environment.
C. value environment and attitude.
D. Responsibilities.
Correct : A. Values rights and duties.
70. Corporate values are the _______ of the corporate sector.
A. shared values.
B. moral beliefs.
C. customer satisfaction.
D. goodwill.
Correct : B. moral beliefs.
71. The economic system in which business units or factors of production are privately owned and governed is called as______.
A. capitalism.
B. socialism.
C. democratic.
D. republic.
Correct : A. capitalism.
72. The economic system in which both public and private sectors co exist is known as ___economy.
A. capitalism.
B. socialism.
C. democratic.
D. republic.
Correct : B. socialism.
73. One Reserve Bank of India introduced certificates of deposit in ____.
A. 1964.
B. 1989.
C. 1986.
D. 1990
Correct : B. 1989.
74. Fical policy refers to the policy of government regarding taxtation public expenditure and ____.
A. public debt.
B. budgets.
C. policies.
D. deposits.
Correct : B. budgets.
75. The sixth plan mentions 17 criteria for determining the prevalence of ____.
A. poor.
B. academician.
C. backwardness.
D. business.
Correct : C. backwardness.
76. Fiscal policy is called as ______ policy.
A. monetary.
B. budgetary.
C. industrial.
D. economic.
Correct : B. budgetary.
77. One concept of culture determines the ___ of people.
A. experience.
B. ethics.
C. education.
D. wealth.
Correct : B. ethics.
78. Self fulfillment and immediate gratification are_____cultural values.
A. decreases.
B. rises.
C. diminishes.
D. corporte.
Correct : B. rises.
79. National stock exchange was set up a joint stock company by all indian financial institution and banks on November 27 ____.
A. 1991.
B. 1992.
C. 1993.
D. 1994.
Correct : B. 1992.
80. Which can be a method of privation?
A. Denationalization.
B. Purchasing shares.
C. Takeover.
D. Merger.
Correct : A. Denationalization.
81. In India liberalization and privatization began from____.
A. 1991.
B. 1971.
C. 1981.
D. 1947.
Correct : C. 1981.
82. Industrial policy of 1948 aimed at ______.
A. industrialization
B. growth of agriculture.
C. development of infrastructure .
D. development of service sector.
Correct : A. industrialization
83. _______ state can have an elected or hereditary head.
A. Democratic.
B. Autocratic.
C. Socialized.
D. Republic.
Correct : A. Democratic.
84. The era of deregulation / liberalization begin in ___.
A. 1950and51.
B. 1980.
C. 1991.
D. 1960.
Correct : A. 1950and51.
85. ___________ occupies the central place in business.
A. People.
B. Raw material.
C. Labour.
D. Finished goods.
Correct : B. Raw material.
86. India is good example for ________economy.
A. socialist.
B. mixed .
C. capitalist.
D. communist.
Correct : B. mixed .
87. Business includes _____.
A. non-economic activities.
B. economic activities.
C. social activities.
D. production activities.
Correct : B. economic activities.
88. What is the single word that can best describe today s business?
A. Technology.
B. Profit Making.
C. Change.
D. People.
Correct : C. Change.
89. Is the modern business dynamic?
A. mass production.
B. mass marketing.
C. mass sales.
D. mass purchase.
Correct : A. mass production.
90. 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.
Correct : A. create a customer.
91. Is todays business is not characterized by diversification?
A. Social relationship.
B. Profit.
C. Customers.
D. Assets.
Correct : B. Profit.
92. Is interference of government in business is common in every country?
A. 1960.
B. 1970.
C. 1980.
D. 1990.
Correct : A. 1960.
93. ____refers to the system of moral principles and rules of conduct applied to business.
A. Business culture.
B. Business ethics.
C. Business.
D. Society.
Correct : B. Business ethics.
94. Competition is beneficial to the competing firms besides benefiting the ______?
A. producers.
B. intermediaries.
C. finances.
D. consumers.
Correct : D. consumers.
95. What are the main concepts concerning about business goals or objectives?
A. Mission, objectives.
B. Mission , targets.
C. Mission, objectives, target.
D. Target, objectives.
Correct : C. Mission, objectives, target.
96. Goals realization continuously will lead to _______.
A. mission fulfillment.
B. maximize customers.
C. high revenue.
D. maximize suppliers.
Correct : A. mission fulfillment.
97. _______is the primary motive for a business enterprise.
A. Profit.
B. Maximize customers.
C. Human objective.
D. Maximize suppliers.
Correct : A. Profit.
98. 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.
Correct : D. Culture is determined by national boundaries.
99. ________is the business through which new ideas and innovations are given a sharp and are converted into useful products and services .
A. Market Leadership.
B. Challenge.
C. Joy of Creation.
D. Growth.
Correct : C. Joy of Creation.
100. what is the nature of business environment?
A. Aggression.
B. Relative.
C. Uncertain.
D. Aggression, Relative and Uncertain.
Correct : D. Aggression, Relative and Uncertain.