• 1. 
    Cultural changes are in the ___________ environment

  • Micro
  • Market
  • Macro
  • 2. 
    Another name for Intermediaries is __________

  • Supplier
  • Consumer
  • Middle Man
  • Regulator
  • 3. 
    Just after the declaration of the results of the Lok Sabha Elections, 2009, the Bombay Stock Exchange’s price index (Sensex) rose by 2100 points in a day. Identify the environmental factor which led to this rise?

  • Legal Environment
  • Political environment
  • Social Environment
  • Economic Environment
  • 4. 
    Liberalisation signifies:

  • 5. 
    In India, Liberalization & privatization began from----

  • 1991
  • 1950
  • 1981
  • 1971
  • 6. 
    Which of the following is a feature of demonetisation?

  • Tax administration measure
  • Channelising savings into the formal financial system
  • Development of less-cash economy
  • All of the above
  • 7. 
    Following is not the importance of business environment:

  • Get first mover advantage
  • complexity
  • Tapping useful resources
  • better performance
  • 8. 
    A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.

  • Increasing competition
  • More demanding customers
  • Necessity for change
  • Market orientation
  • 9. 
    Business has _____ control over the MICRO Environment

  • Complete
  • Some Control/influence
  • No
  • 10. 
    Which of the following is not a feature of Business environment? *

  • Interrelated Elements
  • Complex
  • Continuous
  • Dynamic
  • 11. 
    Which of the following is a part of the business environment ?

  • Customers
  • Suppliers
  • Competitors
  • All of the above
  • 12. 
    Globalization does not involve *

  • Reduction of barrier
  • Free flow of capital
  • Global mechanism for settlement of economic disputes
  • Free flow of goods & services
  • 13. 
    The internal business environment consists of...

  • factors that directly impact the organisation
  • factors that influence the operations of the business
  • factors that influence the wider environment in which the business operates
  • 14. 
    The growing awareness about healthcare has led to an increase in the demand for healthcare products and services in the country. Identify the feature of business environment being described in the above case.

  • Dynamic nature
  • Uncertainty
  • Relativity
  • Interrelatedness
  • 15. 
    Which of the following are the impact of govt. policy changes on business & industry? *

  • Increased competition
  • More Demanding customers
  • Need for change
  • All of the above
  • 16. 
    Legal environment includes:

  • government policies related to pricing
  • the constitutional framework
  • goverment policies related to import and export
  • all of the above
  • 17. 
    Following is the impact of government policy changes on business and industry:

  • technological upgradation
  • Demanding customers
  • Increased competition
  • All of the above
  • 18. 
    In order to boost and double India’s export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate, bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.

  • Social dimension and Legal dimension
  • Technological dimension and Political dimension
  • Political dimension and Social dimension
  • Economic dimension and Legal dimension
  • 19. 
    Which of thes options best describes opportunity cost?

  • The price of taking a chance
  • The alternative you have to go without in a choice of two things
  • The cost of opportunity
  • The price you pay when you make a choice
  • 20. 
    The organic food market in India is grow at 25-30 per cent which reflects a clear shift in consumer tastes and preferences. The current growth in the organic food market is driven by multiplicity of factors like rising health consciousness, changing lifestyles, increase in disposable income and growing availability of organic food products in shopping malls, retail outlets and online. Which dimension of business environment is highlighted here?

  • Economic Environment
  • Social Environment
  • Political Environment
  • Technological Environment
  • 21. 
    When the manager allocates duties, authority and responsibilities to subordinates (people below her), we call this...

  • Communication
  • control
  • delegation
  • discipline
  • 22. 
    ________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm *

  • Opportunities
  • Threats
  • Benefits
  • None of the above
  • 23. 
    Globalization is the term used to describe process of removal of restriction on------

  • Foreign Trade
  • Investment
  • Both (a) and (b)
  • None of the above
  • 24. 
    No country is capable enough to produce all the goods and services itself required for its use. Almost all the countries have certain goods and services in surplus and in certain others, deficiency. In this way all of them feel the necessity for exporting the goods and services in surplus and those of deficiency , to import. In order to solve this problem several countries have zeroed in the complexities of import export business. Consequently, balance is getting established in the demand and supply of goods and services.Identify the concept of business environment discussed here. *

  • Globalisation
  • Privatisation
  • Liberalisation
  • All of the above
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