Business Environment Quiz Question with Answer

41. Which among the following is a claimant of social responsibility of business

  1. Shareholders
  2. Local community
  3. Consumers
  4. All the above

42. Which among the following is a demerit of privatization?

  1. Connivance
  2. Wrong labour strategies
  3. Monopoly elements
  4. All the above

43. Which among the following is limitation of Trade Union in India

  1. Multiplicity of unions
  2. Outside leadership
  3. Lack of integrity
  4. All the above

44. Which among the following is part of micro environment?

  1. Customers
  2. Suppliers
  3. Competitors
  4. All the above

45. Which among the following is the advanced form of economic integration?

  1. Free trade area
  2. Economic union
  3. Custom union
  4. Common market

46. Which industries provide essential inputs for the development of other industries and economy

  1. Capital goods industries
  2. Service sector
  3. Allied industries
  4. Basic industries

47. Which is not a tariff barrier?

  1. Compound duty
  2. Specific duty
  3. Sliding Scale
  4. Quota system

48. Which of the following denote the structural changes in Indian economy?

  1. Service sector contribution has gone up.
  2. Secondary sector has not changed much
  3. Primary sector contribution has gone down
  4. All the above

49. Which of the following is not an international organization?

  1. SAARC
  2. ADB
  3. ASEAN
  4. CBDT

50. Which of the following is part of monetary policy decision?

  1. Fixing SLR
  2. Fixing CRR
  3. Demonetization
  4. All the above

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