BUSINESS ENVIRONMENT MCQ - CSEET MCQ - PART 5

1\. An element of business environment comes under the condition of --.

1. macro environment and micro environment.

2. internal environment.

3. external environment.

4. local environment.

ANS A

2. Which environment refers to all forces which have a technological impact on business?

1. Economic environment.

2. Political environment.

3. Technological environment.

4. Physical environment.

ANS C

3. Identifying early signals of possible environmental changes is by-...

1. scanning.

2. monitoring.

1. assessment.

2. implementation.

ANS A

4. A company is affected by two broad set of factors are

1. Local and regional

2. Regional and national

3. Internal and external

4. Financial and non-financial

ANS C

5. Economic environment refers to all forces which have a ------ impact on business.

1. Political

2. Natural

3. Economic

4. Social

ANS C

6. The of the government covers all those principles «policies, rules and procedures and control the industrial enterprise of the economy.

1. Industrial policy

2. Fiscal policy

3. Monetary policy

4. Macro policy

ANS A

7.ーーーーenvironment can he defined as that part of the environment that is concerned with the entire social system.

1. General environment

2. Operating environment

3. Social environment

4. Political environment

ANS C

8.----- environment sets the basis for developmental activity of the business system.

1. Financial environment

2. Technological environment

3. Global environment

4. Macro environment

ANS A

9. External factors affecting a business environment also be referred to ------factors

1. Controllable

2. Uncontrollable factors

3. Relevant

4. Global

ANS B

10. Which of the following best indicates the importance of business environment?

1. Identification

2. Improvement in performance

3. Coping with rapid changes

4. All of them

ANS 4

11. Which of the following is an example of social environment?

(a) Money supply in the economy.

(b) Consumer Protection Act.

(c) The Constitution of the country.

(d) Composition of family.

ANS D

12. Which factor is not included in macro environment?

(a) Economic environment

(b) Competitors

(c) Social environment

(d) Political environment

ANS A

13. Which of the following is not the component of specific forces of business environment?

(a) Technology

(b) Customers

(c) Investors

(d) Employees

ANS A

14.Which one is not an element of internal environment?

1. Money and capital market

2. Marketing capabilities

3. Operational capabilities

4. Personal capabilities

ANS A

15. Which of the following is not covered under the social element?

1. Birth and death rate

2. Constitution of the country

3. Population shifts

4. Life expectancy

ANS B

16. Technological improvements and innovations results in

1) (a) Increase in tax

2) (b) Render existing product obsolete

3) Reduction in profit margins

4) None of the above

ANS B

17. Export promotion is concerned with_-- ----

1. Privatisation

2. Globalisation

3. Liberalisation

4. Both a and b above

ANS B

18. MSMEs are important for the Nation's Economy because they significantly contribute to

(a) Industrial Production

(b) Exports

(c) Employment

(d) All the above

ANS 4

19. ------helps towards the industrialisation of rural and backwards areas.

1. MSME

2. Entrepreneurs

3. Small scale industries

4. Large-scale industries

ANS A

20. Who is the central banking authority in India?

1. RBI

2. NABARD

3. Ministry of Finance

4. SEBI

ANS A

21. Which of the following is I are the component Is of business environment?

(a) Political Environment

(b) Economic Environment

(c) Social Environment

(d) All of the above

ANS D

22. The Competition Commission of India (COl) was established under the

ーー

(a) Companies Act, 2013

(b) Competition Act, 2002

(c) Consumer Protection Act, 1986

(d) Indian Contract Act, 1872

ANS B