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
61. In which duration, considerable import substitution has taken place in many important areas in capital goods, organic chemicals ?
A. two decades
B. three decades
C. four decades (last)
D. five decades
62. What are the important external factors that constitute the economic environment of Business ?
A. economic condition
B. economic policy
C. economic system
D. all of the above
63. “Focus on social environment” is related to ?
A. Unity of command
B. Human Relations
C. Unity of Direction
D. All of the above
64. Micro environment consists of ?
A. suppliers
B. marketing
C. competitors
D. all of the above
65. Which plan introduced the time and target approach to family planning?
A. Fourth Plan
B. Sixth Plan
C. Eighth plan
D. None of these
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66. In initial years of planning, industrial development was largely based on
A. export substitution
B. import substitution
C. transportation
D. none of these
67. Competitors, Customers and Public are part of
A. macro environment
B. micro environment
C. business necessities
D. none of these
68. Which law emphasised the importance of continuous development and expansion of exportoriented production?
A. Export policy resolution 1970
B. M.R.T.P.
C. I.R.D.A.
D. Company Act
69. Consumers have the rights
(i) to be protected against goods and services that are hazardous to life and property
(ii) to assure wherever possible access to a variety of goods and services at national prices.
A. Both (i) and (ii) are correct.
B. Both (i) and (ii) are wrong.
C. Only (i) is correct
D. Only (ii) is correct.
70. Reasons for adopting globalisation
A. Profit advantage
B. Growth Opportunity
C. Domestic Market Constraints
D. Spin off benefits
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