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—›
Business Environment
Business Environment MCQs
?
In which production India has attained self-sufficiency?
Fertilizers
Edible oil
Petroleum
Food grains
?
Closed economy’ is one in which
Only export takes place
Neither exports nor imports take place
Money supply is fully controlled
Exchange rates are under a full control of the government
?
The largest share in India’s national income is from
Service sector
Agriculture sector
Manufacturing sector
Trade sector
?
Which of the following countries per capita income is the highest?
India
Bangladesh
Thailand
Pakistan
?
Which of the following is not a fundamental right enshrined in the Indian Constitution?
Right to freedom of religion
Right to equality
Right to equal pay for equal work for men as well as women
Right to freedom of thought and expression
?
Among the supply side measures to control inflation is
Curtailing public expenditure
Mopping up excess liquidity through taxation
Credit control measures of RBI
Maintaining price levels through ’administered price mechanism’ and ’effective PDS’
?
Which of the following items is not included in a country’s balance of payments?
Shipping services
Interest received from abroad
Import and export duties
Tourists’ expenditure
?
Which of the following is the most integrated form of regional economic arrangement?
Customs union
Economic union
Free trade area
Multilateral trading area
?
A situation where a country exports a product at a price below its cost of production.
Full cost pricing
New protectionism
Dumping
Price skimming
?
Coca Cola is a good example of a ___________________ MNC (Multinational Corporation).
conglomerate
free-standing
vertically integrated
horizontally integrated
?
Which of the following is NOT likely to be a benefit that host countries will obtain from MNCs?
Technology transfer
Import substitution
The ability to impose high tax rates on them
Job creation
?
Which of the following can be a disadvantage to the host country of MNC investment:
Drives out domestic competitors
Sends profits abroad
Threatens to leave if not "helped".
Imports components
?
National Income estimates in India is prepared by
Planning Commission
RBI
Finance Ministry
C.S.O
?
Mixed economy means
Co–existence of small and large industries
Promoting both agriculture and industries in the economy
Co–existence rich and poor
Co–existence of public and private sectors
?
Black money in India
Raises domestic prices
Encourages lavish consumption
Causes loss of revenue to the exchequer
Effects all of the above
?
Income tax is an item of
Concurrent List
State list
Union List
Residuary List
?
Inflation, in theory occurs
When prices of essential commodities outstrip income
When money supply grows at a higher rate than GDP in real terms
When exchange rate of domestic currency falls in foreign exchange markets
When fiscal deficit exceeds balance of payments deficit.
?
The objective of case-study is
Remedial
Diagnostic
Educational
All of the above
?
Which of the following regulates the working of stock markets in India?
FEMA
RBI
SEBI
Ministry of Finance
?
Find the odd one out
IOCL
HPCL
ONGC Ltd.
ESSAR OIL
?
The main watchdog of international trade is
IMF
World Bank
WTO
UNCTAD
?
Who is the Chairman of NDC?
Finance Minister
Prime Minister
Lok Sabha Speaker
Minister of Planning
?
India is not a member of
G-15
ASEAN
UNO
ILO
?
Stagflation means
Inflation with recession
Recession and stagnation
Inflation galloping like a stag
Inflation and increasing output
?
Level playing field argument of industries requires
MNCs to be stopped from investing in India
License to MNCs be given only in environment-friendly technologies
MNCs to be treated at par with the domestic industry
Domestic industry to be given preference over MNCs.
?
Which two of the following are the most likely effects of the imposition of a tariff on an imported good? a. The domestic price of the imported goo...
(c) and (d)
(a) and (c)
(d) and (e)
(b) and (d)
?
Which two of the following arguments are most likely to be used to justify protectionism? a. To protect high cost domestic industries b. To protec...
(d) and (e)
(a) and (b)
(c) and (d)
(b) and (c)
?
A protectionist measure whereby members of a regional trading bloc agree to impose an identical rate of protection on all goods imported from non-memb...
Common quota arrangements
Non-tariff agreement
Technological standards control
VER agreements
?
A situation where any advantage given by one member of the WTO to another member must be extended to all WTO members.
The excessive invoicing principle
The intra-regional principle
The trade diversion principle
The most favoured nation principle
?
MNCs are in a good position to vary their strategies in different phases of the product life cycle. For instance in the ______________ phase(s) they w...
decline, maintain high prices
launch, move production to low-cost countries
growth and maturity, move production to low-cost countries
growth, maintain high prices
?
When MNCs reduce their tax bill in different host countries this is usually done by a technique called:
Technology transfer.
Transfer pricing.
Import substitution.
Product switching.
?
Banking sector will fall under which of the following sectors?
Agricultural sector
Service sector
Manufacturing sector
Industrial sector
?
The Plan Holiday refers to the period
1965-68
1966-69
1967-70
1978-80
?
The New Economic Policy launched in 1991 consist of i. Stabilization policy ii. Import control policy iii. Deficit financing iv. Structural adju...
i. only
i, iii. and iv.
ii. and iv.
i. and iv
?
An MNC (multinational company or corporation) can be defined as a firm which:
Is beyond the control of any government.
Is one of the largest 200 firms in the world?
Operates directly or owns subsidiaries in more than one country
All of the above
?
Which two of the following are regarded as the main aims of the World Trade Organisation (WTO)? i. To eliminate discrimination in world trade ii. ...
(b) and (d)
(a) and (c)
(d) and (e)
(b) and (d)
?
In a flexible exchange-rate system, an increase in the domestic interest rate would tend to
Improve the current account and worsen the capital account
Improve the capital account and worsen the current account.
Improve both the current and the capital accounts.
Worsen both the accounts.
?
India has
Parliamentary form of government
Presidential form of government
Both parliamentary and presidential form of government
None of these
?
The President of India is elected by
Parliament (i.e. both the Lok Sabha and the Rajya Sabha)
By an Electoral College comprising of the elected members of the Lok Sabha, the Rajya Sabha and the State Legislatures.
Together by the Central and the State governments
By the people directly
?
VAT is imposed
Directly on consumer
On final stage of production
On first stage of production
On all stages of production up to the final sale
?
Business comprises all ______________ seeking activities and enterprises that provides goods and services necessary to an economic system.
Profit
Loss
Production
None of these.
?
______________ are the directives to the various government and non government agencies and are fundamental in the governance of the country.
State policies.
Fundamental rights.
Directive principles.
Fundamental Rules.
?
The main objective of society and business is ______________.
economic and social objective.
cultural objective.
technological objective.
non objective.
?
Developments banks are otherwise called as______________.
LIC
UTI
DFI
Barter
?
Self fulfillment and immediate gratification _______________ cultural values.
decreases.
rises
diminishes.
slow down.
?
_______________ change is a potent form for the reconfiguration of industrial boundaries.
Technological.
Economical.
Organizational.
Environmental.
?
____________________________ state can have an elected or hereditary head.
Democratic.
Autocratic.
Socialized.
None of the above.
?
Business environments is encompassed as the climate or set of condition, Economics, social (or) institutional in which business _______________ are co...
operations.
customs.
rituals.
meetings.
?
Todays business is not characterized by ____________________________.
diversification.
loss.
fight.
conflict.
?
Competition is beneficial to the competing firms besides benefiting the ______________.
producers.
intermediaries.
finances
consumers.
?
Goals realization continuously will lead to ______________?
mission fulfillment.
maximum customers.
high revenue.
low revenue.
?
Micro environment is also known as _______________.
Direct.
Indirect.
Same.
Fine.
?
Political environments refers to the influence exerted by the ______________ political institutions?
2
3
4
5
?
______________ plays the watch dog in order to ensure that both function in public interest and within the boundaries of constitution.
Legislature
Executive
Judiciary.
None of the above.
?
______________ stresses the negative consequences of failure to study the environment
William F.glueck.
Lawrence R.jauch.
Jothi
None of the above.
?
______________ involves a degree of purposefulness by manager as he receives information inputs.
Informal research.
Formal research.
Indirect viewing.
Conditioned Viewing.
?
_______________ stresses the philosophy of individualism believing in private ownership.
Capitalism
Socialism
Marxism
Developism.
?
In communism the _______________ determines ones employer and employment.
state
country.
business.
people.
?
Governments policy towards industries is called as ______________.
economic policy.
industrial policy.
monetary policy.
work policy.
?
One of the objectives of licensing is to protect ______________ industries against competition of large scale industries.
small scale.
medium scale.
low scale.
high scale.
?
The institutionalization involves in _______________ steps.
2
3
4
5
?
The techniques of privatization are contract ______________ and concession.
building
free
leases
hire purchase.
?
A stock exchange is a market where securities are ________________.
bought
sold
bought and sold.
none of the above.
?
______________ include knowledge, belief, moral and customs acquired by an individual as a Member of a society.
Culture
Structure
Change
Environment.
?
One spirit of collectivism and individualism is related to ______________ aspects as employee morale.
personnel
management
cultural
social.
?
Ackermans model is one of the ______________ responsibility models.
social
cultural
environmental
management
?
______________________________ is the position taken by companies that meet their social responsibilities as directed by the law.
Social response.
Social awareness.
Social interest.
Social welfare.
?
Technology reaches people through business by different _______________.
machines
people
culture
value
?
The basic objective of the technology policy will be development of indigenous technology and adaptation of imported technology appropriate to _______...
national
international
interest
need
?
______________ is a statement which derives the role that an organization plays in a society.
Goals
Mission
Objective
Success.
?
______________ stresses the philosophy of individualism believing in private ownership of all agents of production.
Socialism.
Communism.
Capitalism
Nanoism
?
What is the main occupation of Kshatriyas?
Engaged in cleaning.
Engaged in trade.
Engaged in army work.
Engaged in ruling.
?
Reserve Bank of India introduced certificates of deposit in ______________.
1964
1989
1986
1990.
?
Ackermans model is _______________ model.
social responsibility.
computer.
employee.
science.
?
Obsolescence means ________________ of products.
implementation.
outdated.
assessment.
none of the above.
?
The _______________ diversification refers to the process of adding new, but related products or services.
concentric
judiciary
justice
culture
?
______________ is a primary mechanism for motivating business activities.
Social relationship.
Profit
Customers
Assets
?
The ________________ is that part of the enacted environment which the organisation carves out for itself.
Technology
Machine
domain
man
?
Profit making is the _______________ goal of any business enterprise?
primary.
secondary
fixed.
non fixed.
?
Macro environment consist of ______________ environment.
public.
political and legal.
suppliers.
customers.
?
A ________________ contract is where the company contracts with a foreign entity to design and build an entire operation.
Legislature.
Executive.
Judiciary.
Turnkey
?
Is a stable and dynamic political environment is indispensable for _______________ growth?
business
human
child
politics
?
The entry barrier refers to the ease with which firms can enter an industry?
Firms.
Vehicles.
People.
Workers.
?
_____________ refers to the managers exposure and perception of information that has no specific purpose.
Informal research.
Formal research.
Indirect viewing.
Conditioned viewing.
?
Marxism ________________ was followed in Russia and China.
contact.
principles.
food.
customs.
?
One of the long term objectives of the five year plan is ______________ of wealth and income.
inequalities
equality
freeness
permission
?
One of the objectives of industrial policy is to accelerate the rate of economic Growth and speed up _______________.
industrialization.
liberalization.
protestation.
germination.
?
The legislative frame work for industrial licensing is provided by the ______________ development and Regulation act.
industries
small scale.
labor
owner
?
There are ______________ sins of privatization.
5
6
7
8
?
Seed margin money scheme objective is to _______________.
reduce the incidence of sick units.
reduce the power cut.
reduce the loss.
increases the profit.
?
A ______________ is speculation who buys shares for selling them for higher price.
tejiwala.
mandiwala.
stage.
bear.
?
Culture tends to put a _______________ stamp upon them.
problem.
personality.
perception.
plan.
?
Women now enjoy equal status with men in their education and ______________.
profession.
parliament.
culture.
social.
?
______________ is the position taken by the companies which believe in deep obligation to serve the society.
Social contribution.
Social obligation.
CSR.
Social response.
?
Customers the element of BE comes under the category of _______________.
macro environment.
micro environment internal.
internal Environment.
none of the above.
?
Monitoring in environment analysis involves tracking of environment trends, sequence of events of _______________.
activities
construction
destruction
peace making.
?
Fundamental rights are ______________ in character.
negative
positive
humble.
polite
?
Enormous spending on ______________ resulted in the fast development and change in terminology.
designing
R and D.
D and R.
P and R.
?
The sick industrial companies act was passed by _______________
legislature
parliament
judiciary
public
?
The type of environment in which the resources are distributed in a random way,
Randomized environment.
Deserted environment.
Turbulent environment.
Systematic environment.
