CBSE Questions for Class 12 Commerce Business Studies Business Environment Quiz 1 - MCQExams.com

Integrating domestic economy with world economy is called ________.
  • Privatisation
  • Globalisation
  • Nationalisation
  • All the above
The most important elements in the micro environment of the business are _______.
  • Customers
  • Labour
  • Marketing Intermediaries
  • Competition
Business environment refers to ___________.
  • something internal to an individual or an organisation
  • all external factors which have a direct or indirect bearing in the activities of business
  • all internal factors which have only a direct bearing on the activities of business
  • all internal factors which have only an indirect bearing on the activities of business
According to New Industrial Policy (1991)
Which is incorrect?
  • A flexible location policy will be followed.
  • Mandatory convertibility clause will not be applicable to long-term loans from the financial institutions for new projects.
  • In projects where imported capital goods are required, automatic clearance will be given in any cases.
  • The system of phased manufacturing programme is abolished for new projects.
As per New Industrial Policy, 1991, the following were referred to Board of Industrial and Financial Reconstruction.
  • Sick Private Sector Units
  • Sick Public Sector Units
  • Developed Private Sector Units
  • Developed Public Sector Units
Which of the following does not explain the impact of Government policy changes on business and industry?
  • More demanding customers
  • Increasing competition
  • Change in agricultural prices
  • Market orientation
There is a close and  ________ interaction between the business and its environment.
  • one time
  • continuous
  • seldom
  • occasional
The insecurity about tomorrow's products that haven't even been invented yet, reflects which aspect of the technological environment?
  • Concentration on minor improvements
  • Increased regulation
  • High R and D budgets
  • The fast pace of technological change
Analyzing process of change in the business environment involves conceptualizing it as ________.
  • complex
  • static
  • dynamic
  • diverse
PESTLE analysis is a useful tool for understanding the 'big picture' of the ________ in which an entrepreneur is planning to operate.
  • Environment
  • Strategy
  • Position
  • Marketing proposition.
Appropriate Technology_______________________.
  • Is technology that seeks to replace energy intensive and polluting technologies
  • Is technology that is best suited to the local internal and external environment in which a business operates
  • Will occur when "high-tech" solutions replace "low-tech" ones
  • It is when one business copies the technology that has been developed by another
Political environment refers to________________.
  • Global integration
  • Legislature
  • Economic factor
  • None of the above
SEZ Act came into effect in ___________.
  • $$2002$$
  • $$2003$$
  • $$2006$$
  • $$2007$$
Which of the following is an effect of Globalisation on the Indian Economy?
  • Increase in India's share in the world trade
  • Reduction in the rate of External Debt increase
  • Increase in Foreign Exchange Reserves
  • All of the above
Globalization involves:
(i) Increasing integration among national economic system
(ii) Integration of financial market
(iii) Higher factor mobility and economies of trade
(iv) Spread of knowledge and technologies throughout the world
  • (i), (ii) and (iv)
  • (i) only
  • (i) and (ii) only
  • (i), (ii), (iii) and (iv).
Globalization means integration of ____________.
  • one domestic enterprise with another domestic enterprises
  • one domestic enterprise with international enterprises
  • domestic economy with world economy
  • domestic trade with the world trade
In order to pursue the objective of globalization, what measures are being taken?
  • Opening the economy for foreign capital.
  • Convertibility of rupee.
  • Import liberalization.
  • All of the above.
Globalization includes ___________.
  • free trade with less restriction on import and export
  • free flow of technology
  • free flow of capital
  • all of the above
What is globalization?
  • It refers to the transfer of assets from public to private ownership
  • It refers to the disposal of public sector's equity in the market
  • It means integrating the domestic economy with the world economy
  • None of the above
_____________ means integrating the domestic economy with the world economy.
  • Globalisation
  • Privatisation
  • Liberalisation
  • Disinvestment
___________ was set up to channel foreign capital investment in India.
  • SEBI
  • WTO
  • NAFTA
  • FIPB
What does 'L' signify in environment scanning tool - PESTLE?
  • Legal
  • Logical
  • Legitimate
  • Language
Which of the following is an environmental scanning tool?
  • PENTLE
  • PINTLE
  • PESTLE
  • PANTLE
R & D activity is a / an __________.
  • legal factor,
  • technological factor,
  • political factor,
  • economic factor
A business has absolute control in the _________(X), whereas it has no control on the___(Y)
Select the correct answer from the options given below.
  • (X)External environment (Y)External environment
  • (X)Internal environment (Y)Internal environment
  • (X)Internal environment (Y)External environment
  • (X) External environment (Y)Internal environment
External forces are the pressures arising within the organization.
  • True
  • False
  • Partly false
  • None of the above
Which factor has been the most rapidly changing component in an organisation's general environment in the past quarter century?
  • Global
  • Economic
  • Social
  • Technological
Closure of small scale firms has a positive effect of economic liberalization.
  • True
  • False
Business environment is multifaceted as__________________.
  • It is an opportunity for some but a threat for others
  • It has multiple work to do
  • There are 40 many businesses.
  • None of the above.
What does L signify in environment scanning tool - PESTLE?
  • Legal
  • Logical
  • Legitimate
  • Language
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