BUSINESS ENVIRONMENT MCQ

Business environment is the sum totals of all factors external to the business firm and that greatly influence their functioning. It covers factors and forces like customers, competitors, suppliers, government, and the social, cultural, political, technological and legal conditions.

BUSINESS ENVIRONMENT MCQ

1 . By which act government checks restrictive trade?
A. Industrial Policy Act 1991
B. MRTP Act
C. FEMA act
D. None of these

2. Which of the following does not fall within the jurisdiction of MRTP commission?
A. Prevention of Monopolistic Trade practices
B. Prevention of Restrictive trade practices
C. Prohibition of Unfair Trade Practices
D. Regulation of Combinations

3. Liberalization means
A. Reducing number of reserved industries from 17 to 8
B. Liberating the industry, trade and economy from unwanted restrictions
C. Opening up of economy to the world by attaining international competitiveness
D. Free determination of interest rates

4. When a company taken over another one and clearly becomes the new owner, the action is called
A. Merger
B. Acquisition
C. Strategic Alliance
D. None of the above

5. Relaxing the restrictions and controls imposed on Business and industry means
A. Liberalisation
B. Privatisation
C. Globalisation
D. None of the above

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6. Company images and brand equity is factor affecting business
A. Externally
B. Internally
C. Government Policy
D. None of these

7. Which among the following is not opened for private sector participation
A. Power sector
B. Telecommunication sector
C. Education sector
D. Railways

8. ________ is an economic system based on the principal of free enterprise.
A. Capitalism
B. Socialism
C. Mixed Economy
D. Marxism

9: What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991?
A. VRS to shed the excess load of workers
B. Disinvestment of public sector share holding
C. Referring sick units to BIFR
D. All of the above

10: A monopolistic trade practice is deemed to be prejudicial to public interest except when
A. Authorized by Central Government
B. Authorized by State Government
C. Authorized by Supreme Court
D. None of the above

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1. Marketing Management MCQs
2.  Digital Business Management MCQs
3.  Cost Accounting MCQs
4.  Join Our Telegram Channel