Quiznetik
Business Environment | Set 3
1. What is the significance of business environment?
A. First Mover Advantage.
B. Competition.
C. Information.
D. Globalization.
Correct : A. First Mover Advantage.
2. What are the elements of business environment?
A. Micro Environment.
B. Macro Environment.
C. Complex Environment.
D. Steeple factor
Correct : D. Steeple factor
3. Macro environment is also known as _________?
A. direct environment .
B. indirect environment.
C. competitive environment.
D. social environment.
Correct : B. indirect environment.
4. Macro environment consist of ______?
A. public.
B. political & legal.
C. suppliers.
D. customers.
Correct : B. political & legal.
5. The micro environment consists ______.
A. Technological Environment.
B. Political Environment.
C. Economic Environment.
D. Public, middlemen, consumers & competitors.
Correct : D. Public, middlemen, consumers & competitors.
6. _______ refers to all forces which have an economic impact.
A. Technological Environment.
B. Political Environment.
C. Economic Environment.
D. Legal environment
Correct : C. Economic Environment.
7. __________ decides on a particular course of action.
A. Legislature.
B. Executive.
C. Judiciary.
D. Public.
Correct : A. Legislature.
8. The first MNC came to India in _______.
A. 1920.
B. 1921.
C. 1919.
D. 1923
Correct : B. 1921.
9. Economic growth can be measured by ___________.
A. the CPI.
B. the CBI.
C. GDP.
D. MPC.
Correct : C. GDP.
10. Porter s model represents the relationship between _______.
A. organizational and environment.
B. society and environment.
C. organization and society.
D. society and industry.
Correct : A. organizational and environment.
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. Capitalism stresses the philosophy of individualism believing in private Ownership comes under ____.
A. legal planning.
B. soviet planning.
C. government planning.
D. agricultural planning.
Correct : A. legal planning.
13. In which year socialism the tools production are not managed by government?
A. 1952.
B. 1950.
C. 1951.
D. 1953.
Correct : B. 1950.
14. In capitalism ____ losses assumed by the customers.
A. economics.
B. technological.
C. natural.
D. social.
Correct : B. technological.
15. In communism the state determines one s employer and employment ____.
A. socialism.
B. economics.
C. communism.
D. capitalism.
Correct : A. socialism.
16. The _____ socialism seems to fall between capitalism and communism ____.
A. increased.
B. decreased.
C. lowlevel.
D. medium.
Correct : A. increased.
17. Has the per capita income increased or decreased from 1980 to 2009 ___.
A. increased.
B. decreased.
C. medium.
D. narrow.
Correct : C. medium.
18. Population is a component of the total ______environment.
A. economic.
B. social.
C. natural.
D. technology.
Correct : A. economic.
19. Which plan gives priority for family planning?
A. State Policy.
B. Judicial Policy.
C. Industrial
D. Energy
Correct : B. Judicial Policy.
20. Industrial policy was set up in the year _______.
A. 1955.
B. 1956.
C. 1957.
D. 1958.
Correct : B. 1956.
21. One of the objectives of industrial policy is to accelerate the rate of economic Growth and speed up industrialization___.
A. 1955.
B. 1956.
C. 1957.
D. 1958.
Correct : A. 1955.
22. MRTP act was set up in the year _______.
A. 1950.
B. 1951.
C. 1952.
D. 1953.
Correct : A. 1950.
23. The liberalization of the rules relating to FDI permitting _______% equity in wide range of Industries.
A. 50.
B. 51.
C. 52.
D. 53.
Correct : B. 51.
24. In some circles, a multinational corporations is also referred to ____________.
A. multinational collaboration .
B. multinational entity.
C. multinational enterprises.
D. multinational development.
Correct : C. multinational enterprises.
25. Multinational corporations is also referred to ____________.
A. multinational collaboration.
B. multinational entity.
C. transnational corporation.
D. multinational development.
Correct : C. transnational corporation.
26. FERA is foreign exchange regulation act for _________.
A. industries .
B. small scale .
C. labour.
D. owner.
Correct : A. industries .
27. GDP is ____.
A. Gross Domestic Product.
B. Gross Domestic Percentage.
C. Gross Domestic Personnel.
D. Gross Domestic Public.
Correct : A. Gross Domestic Product.
28. GNP stands for_____________________
A. Gross National Product
B. Gross negative product
C. Gross negotiable product
D. None of the above
Correct : A. Gross National Product
29. 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.
Correct : A. Steel authority of India ltd .
30. NDP is ____.
A. Net Domestic Product.
B. Net Domestic Percentage.
C. Net Domestic Personnel.
D. Net Domestic Public.
Correct : A. Net Domestic Product.
31. Who gave a practical shape to privatization?
A. MARGARAT THATCHER.
B. LOUIS PETER.
C. WILLIAMS.
D. FAYOL.
Correct : A. MARGARAT THATCHER.
32. The techniques of privatization are contract _______and concession.
A. building.
B. free .
C. leases .
D. hire purchase.
Correct : C. leases .
33. There are _____sins of privatization.
A. 5.
B. 6.
C. 7.
D. 8.
Correct : C. 7.
34. 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.
Correct : C. per capita gross national income.
35. --------is the process of analyzing the environment for the identification of factors which have impact on or have implication for the business.
A. Assessment
B. Forecasting
C. Scanning
D. None of these
Correct : C. Scanning
36. 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
Correct : A. Political, Environment, Societal, Technology. Share institution privatization.
37. The European Union is an example of ______.
A. monetary union.
B. free trade area.
C. common market.
D. economic union.
Correct : D. economic union.
38. The legal system in India is based on ______.
A. Common law.
B. Civil law.
C. Theocratic law.
D. Hindu law.
Correct : D. Hindu law.
39. A mixed economy is necessarily a _____.
A. controlled.
B. planned.
C. organised.
D. planned, organised and controlled.
Correct : D. planned, organised and controlled.
40. The origin of Common law is in _____.
A. America.
B. England.
C. Russia.
D. India.
Correct : A. America.
41. The focus on increasing profitability and profit growth by reaping the cost reduction that come from economies of scale is ________.
A. global standardization strategy.
B. localization strategy.
C. transnational strategy
D. international strategy.
Correct : A. global standardization strategy.
42. 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
Correct : B. stock of FDI
43. The taking over of a private firm by the host country government to be run it as a government unit is ______.
A. expropriation.
B. confiscation.
C. nationalisation.
D. domestication
Correct : C. nationalisation.
44. 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
Correct : B. Finance Minister
45. 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.
Correct : C. Command economy.