Business Environment Quiz-4

Business Environment Quiz-4

Quiz

 

1. Subsidy to cotton textile industry is an example of__________.
   1.   Economic environment
   2.   Social environment
   3.   Legal environment
   4.   Political environment
2. In which of the following categories can business environment be divided?
   1.   Local and Regional
   2.   Regional and national
   3.   Internal and external
   4.   Financial and Non-financial
3. Assertion (A): Business environment is a complex phenomenon.
   Reason (R): Business environment consists of various inter-related and dynamic forces.
   1.   Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
   2.   Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
   3.   Assertion (A) is true but Reason (R) is false
   4.   Assertion (A) is false but Reason (R) is true
4. everal initiatives have been undertaken by the Government of India to encourage domestic manufacturing and export of defence equipments. ‘Make In India’ in Defence, was one such scheme launched by the Government to encourage companies across the world to manufacture defence products in India. To which dimension of business environment does the above case relates to ?
   1.   Economic Environment
   2.   Legal Environment
   3.   Political Environment
   4.   Social Environment
5. Which of the following does not come under the dimensions of business environment?
   1.   Economic
   2.   Social
   3.   Legal
   4.   Emotional
6. ___________ environment is within the control of business.
   1.   Internal
   2.   External
   3.   Micro
   4.   Macro
7. Which of the following is the best definition of business environment?
   1.   The factors that affect the way a business operates
   2.   The conditions that exist in the market for a particular product or service
   3.   The economic, social, and political factors that affect a business
   4.   All of the above
8. The economic reforms of 1991 or New Economic Policy aimed at:
   1.   Liberalisation
   2.   Privatisation
   3.   Globalisation
   4.   All of these
9. Population is a component of the total ___________ environment, while composition of population is component of ___________ environment.
   1.   Economic, Social
   2.   Social, Economic
   3.   Natural, Legal
   4.   Technology, Political
10. Terrorism in Jammu and Kashmir has badly affected tourism industry in the state. Name the environment highlighted in above statement.
    1.   Social Environment
    2.   Political Environment
    3.   Legal Environment
    4.   Technological Environment
11. Which environment prohibits the advertisement of alcoholic beverages?
    1.   Economic
    2.   Social
    3.   Legal
    4.   Technological
12. Demand for reservation in jobs for minorities refers to the ________ component of general environment of business.
    1.   Social environment
    2.   Legal environment
    3.   Political environment
    4.   None of these
13. ________ is the process of analysing the environment for the identification of factors which have impact on or have implication for the business.
    1.   Environment forecasting
    2.   Environment scanning
    3.   Environment assessment
    4.   None of these
14. Which of the following is not an example of social environment?
    1.   Equal pay to male and female workers for equal work.
    2.   Import of animal fat for manufacturing Vanaspati ghee was banned by the government.
    3.   Cell phone have taken over the market from landline phone.
    4.   All of these
15. The income and expenditure policy of the government is called ___________.
    1.   Fiscal Policy
    2.   Industrial Policy
    3.   Trade Policy
    4.   Monetary Reforms
16. Which of the following is an element of political environment ?
    1.   Existing structure of the economy in terms of relative role of private and public sectors.
    2.   Rise in the disposable income of people due to increase in the gross domestic product of a country.
    3.   Legislations passed by the Government authorities.
    4.   Attitude of the elected Government representatives towards business.
17. The importance of business environment is:
    1.   Identifying first mover advantage
    2.   Improving in performances
    3.   Coping with rapid changes
    4.   All of these
18. Which of the following is not an example of legal environment?
    1.   Baby food advertisement must inform the potential buyers that mother’s milk is the best.
    2.   Every advertisement of cigarettes should carry the warning that “cigarettes are injurious to health”.
    3.   The government of India has banned the advertisement of alcoholic product.
    4.   Shift in demand from typewriter to computer.
19. Assertion (A): Bangalore is called the silicon valley of India.
    Reason (R): The favourable economic conditions of the country encouraged the IT industry.
    1.   Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
    2.   Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
    3.   Assertion (A) is true but Reason (R) is false
    4.   Assertion (A) is false but Reason (R) is true
20. Booking of railway tickets through internet from home is an example of _________.
    1.   Economic environment
    2.   Political environment
    3.   Technological environment
    4.   None of these