Business Environment MCQs 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 MRTP Act has been replaced by...........Act in 2002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

11. National Commission for consumer disputes redressal was formed in the year

1. 1988
2. 1999
3. 2009
4. 1991

12. NDC stands for

1. National Defense Council
2. National Development Council
3. National Development Committee
4. None of these

13. NITI Aayog is headquartered in

1. Delhi
2. Noida
3. Chennai
4. Kolkata

14. NITI Aayog was formed on

1. 1st April 2015
2. 1st march 2015
3. 1st January 2015
4. 1st January 2016

15. NITI in NITI Aayog stands for

1. National Institute for Transforming India
2. National Institute for Transforming Industries
3. National Institute for Trade in Inida
4. None of the above

16. NTB stands for

1. Non-trade barriers
2. Non- tariff barriers
3. No trade between
4. None of these

17. Planning Commission of India is dissolved on

1. 1st January 2015
2. 17th August 2014
3. 1st April 2014
4. 15th August 2014

18. Practice of charging different price for a product from different markets is called

1. Dumping
2. Differential pricing
3. Price discrimination
4. Strategic pricing

19. PSE stands for

1. Private sector enterprises
2. Public sector enterprises
3. Private service enterprises
4. None of these

20. Public Enterprise is defined as

1. An organization run by joint efforts of Centre and State Governments
2. An organization in which capital is invested by public
3. An organization which caters to the needs relating to public utilities
4. An organization owned and managed by public

21. SAARC is headquartered in

1. Dhaka
2. Delhi
3. Colombo
4. Kathmandu

22. SAARC was established in

1. 1995
2. 1985
3. 1972
4. 2002

23. SEBI got statutory body status after enacting

1. Securities and Exchange Board of India Act 1992
2. Securities Contract Regulation Act 1956
3. Securities and Exchange board of India Act 1988
4. None of these

24. SEBI was constituted in the year

1. 1998
2. 1988
3. 2008
4. 2018

25. SOEs stands for

1. Single owned enterprises
2. State owned enterprises
3. Society owned enterprises
4. None of these

26. Strategy of a firm is shaped by

1. Mission
2. Objectives
3. SWOT
4. All the above

27. The analysis which helps to diagnose the competitive forces and to identify the strength and weakness is called

1. SWOT analysis
2. Competitive analysis
3. Structural analysis
4. Financial analysis

28. The first year plan was launched on

1. 1st April 1951
2. 1st April 1955
3. 1st April 1952
4. 1st April 1960

29. The fundamental set of assumptions, values, and ways of doing things, that has been accepted by most of a companys members is called its

1. Culture
2. Environment
3. Atmosphere
4. Values

30. The Industries receive raw materials as inputs and dispense intermediates or finished goods

1. Primary
2. Textile
3. Manufacturing
4. Allied

31. The practice of fixing price by the Government is

1. Administered pricing
2. Floor pricing
3. Minimum pricing
4. None of these

32. The process by which a firm determine whether their strategic choice as implemented in meeting the objectives

1. Evaluation of strategies
2. SWOT analysis
3. Screening of strategies
4. None of these

33. The Securities Contract Regulation Act was enacted in the year

1. 1949
2. 1959
3. 1956
4. 1991

34. The term business environment refers to...........factors which impact functioning of a firm

1. External factors
2. Internal factors
3. Management related factors
4. Internal and External factors

35. UNCTAD stands for

1. United Nations Committee on Trade and Development
2. Union of National Committee on Trade and Commerce
3. United Nations Conference on Trade and Development
4. None of the Above

36. Value system followed by the management of a firm as certain influence on its...........environment

1. Internal
2. External
3. Macro
4. None of the above

37. What refers to the enterprise owned and managed jointly by the Government and Private sector

1. Joint sector
2. Joint venture
3. Public private participation
4. None of these

38. What refers to the investment in a foreign country where the investor retain control over the investment

1. FDI
2. FII
3. Portfolio investment
4. Investment in GDR

39. What was the duration of 12th plan?

1. 2011-15
2. 2009-14
3. 2012-17
4. 2013-18

40. Which among the following in is included in Navaratnas?

1. NTPC
2. ONGC
3. BHEL
4. All the above

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