Business Environment Quiz-1

Business Environment Quiz-1

Quiz

 

1. Which of the follwing is not a component of specific forces of business environment?
   
   1.   Technological conditions
   2.   Customers
   3.   Employees
   4.   Investors
2. Unique Ltd. is an electronic goods manufacturing company situated in Uttar Pradesh. It is earning low revenue in comparison to another electronic company 'Pace Ltd' situated in Delhi. Both the enterprises are affected by the investors customers, competitors and suppliers in their respective locations. At the same time both are also affected by economic condition, change in technology, etc. Identify the features of business environment discussed in above paragraph:
   1.   Relativity and complex
   2.   Complex and all external forces
   3.   Specific and general and dynamic
   4.   Relativity and specific and general
3. Liberalisation means
   
   1.   Integration among economies
   2.   Reduced government controls and restrictions
   3.   Policy of planned disinvestment
   4.   None of them
4. Identify the related dimension of business environment in the following case : Increase in demand for sugar free products.
   1.   Political environment
   2.   Social environment
   3.   Economic environment
   4.   Legal environment
5. Which of th following is not a part of the business environment of business?
   1.   Customer
   2.   Suppliers
   3.   Competitors
   4.   None of these
6. The Reserve Bank of India reduces CRR (Cash Reserve Ratio) by 0.5% to control recession. This is related to which dimension of Business Environment
   1.   Political Environment
   2.   Economic Environment
   3.   Social Environment
   4.   Legal Environment
7. Free Flow of goods and services between different countries of the world is an example of
   1.   Globalisation
   2.   Privatisation
   3.   Liberalisation
   4.   Demonetisation
8. ''Twinkle stars' is a well-known resort for organising parties, especially for the childeren, however, in past 6 months its popularity has reduced considerably as a new resort with better ambience and facilities has opened within its vicinity. Name the related feature of business environment which has influenced the business of "Twinkle stars" adversely.
   1.   Totality of external forces
   2.   Dynamic nature
   3.   Interrelatedness
   4.   uncertaity
9. Introduction of mobile phones have negatively effected the business of cameras and watches it is related to
   1.   Social Environment
   2.   Economic Environment
   3.   Technological Environment
   4.   Political Environment
10. Pepsi Co India has introduced location free work arrangements in order to provide an opportunity to the talented people to work in flexible mode, keeping in view their mobility constraints like ageing parents, dual careers or children in critical schooling year, etc. Identify the dimension of business environment not being mentioned in the above case.
    1.   Technological environment
    2.   Social environment
    3.   Legal environment
    4.   Economic environment
11. Food safety is becoming a growing global concern with regulatory regimes worldwide facing the challenge of minimising food safety risks. With India being one of the biggest markets for the import of various kinds of food products from across the globe, food safety has become a major concern for our country. The government is focussing on the delivery of safe and wholesome food to its citizens by setting up a single unified established standard. Enactment of the Food Safety and Standards Act, 2006 (FSSA) is a major step taken by the government in this direction. Identify the related dimension environment.
    1.   Social/Economic Environment
    2.   Technological/Political Environment
    3.   Political/Social Environment
    4.   None of the above
12. Sudiksha has been selling home made cakes, cookies and breads which are made at to order. Over the past one year she has witnessed a sudden surge in her business during festival season due to the growing preferences of people for hygiene and quality. Identify the related dimension of business environment.
    1.   Economic dimension
    2.   Social dimension
    3.   Political dimension
    4.   Technological dimension
13. Prime Minister Narendra Modi, who is leading efforts to scrap such plastics by 2022, has launched a campaign with a ban on as many as six items on 2 October 2019. The ban will be comprehensive and will cover manufacturing, usage and import of plastic bags, cups, plates, small bottles, straws and certain types of sachets. Identify the dimension of business environment being described above.
    1.   Social dimension
    2.   Political dimension
    3.   Technological dimension
    4.   Economic dimension
14. Sneha owns a nursery in Fridabad. She is now planning to venture into the business of setting up a portal for selling terrarium plants (art of growing plants inside glass jars with a narrow opening). The market for indoor plants in India is estimated at over * 250 crore annually and is growing at 15% to 20%. The terrarium plants require less water and are much in demand now with houses becoming small and virtually no gardens for people residing in apartments in metro cities. The above case highlights one of the point related to the importance of business environment and its understanding by managers. Identify it.
    1.   It helps in coping with rapid changes
    2.   It helps in improving performance
    3.   It helps the firm to identify threats and early warning signals
    4.   It enables the firm to identify opportunities and getting the first mover advantage
15. Which of the following is an example of social environment?
    
    1.   Money supply in the economy
    2.   Consumer protection act
    3.   The constitution of the country
    4.   Composition of family
16. The economic reforms aim at providing freedom in fixing the prices of goods services, to the Indian business and industry. Identify the aspect of new economic policy being discussed above.
    1.   Demonetisation
    2.   Privatisation
    3.   Liberalisation
    4.   Globalisation
17. Keeping in view the increased expectations of corporates and increased awareness for self development among people, Mr. Raj Narayan has started a Personality Development institute in Kasauli. The institute offers multiple courses on personal grooming, confidence building and public speaking. Name the related feature of business environment.
    1.   Dynamic nature
    2.   Uncertainty
    3.   Relativity
    4.   Inter-relatedness
18. Privatisation means
    1.   Integration of the various economies of the world
    2.   Policy towards foreign capital was liberalised
    3.   The government reduced the number of industries under compulsory licensing
    4.   None of the above
19. Which of the following does not explain the impact of Government policy changes on business and industry?
    1.   More demanding customers
    2.   Increasing competition
    3.   Change in agricultural prices
    4.   Market orientation
20. Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics. Related feature of business environment being decribed in the above lines is__________.
    1.   Totality of external forces
    2.   Dynamic nature
    3.   Relativity
    4.   Interrelatedness