Business Environment MCQ Quiz - Multiple Choice Questions & Answers

1. IRDA Act is enacted in the year

1. 1991
2. 1999
3. 1990
4. 2009

2. Key actors in a businesss immediate environment include

1. Regulations
2. Technology
3. Economy
4. Politics

3. Low income economies are also called

1. Third world
2. Under developed nations
3. Developing nations
4. Second world

4. Macro environment consist of

1. Political system
2. Demographic factors
3. Culture of the society
4. All the above

5. Marketing intermediaries are categorized under...........Environment

1. External
2. Macro
3. Micro
4. Remote

6. MFA stands for

1. Multilateral Finance Agreement
2. Multifibre Arrangement
3. Multilateral Federation of Agriculture
4. None of these

7. Monetary policy in India is framed by the

1. RBI
2. Ministry of finance
3. Ministry of corporate affairs
4. Planning commission

8. Moral suasion is...........nature of credit control

1. Qualitative
2. Quantitative
3. Restrictive
4. None of these

9. MRTP Act has been replaced by...........Act in 2002

1. Consumer Protection Act
2. Competition Act
3. Monopoly Control Act
4. None of these

10. Multilateral trade negotiation under GAAT is called

1. Rounds
2. Conference
3. Council
4. Discussion