CBSE Questions for Class 12 Commerce Business Studies Business Environment Quiz 2 - MCQExams.com

Multiple Choice Questions:
Which of the following best indicates the importance of business environment?
  • Identification
  • Improvement in performance
  • Coping with rapid changes
  • All of them
Which of the following banks introduced the first ATM in India?
  • SBI
  • ICICI Bank
  • Axis Bank
  • HSBC
Due to globalisation, which of the following cannot move between countries?
  • Technology
  • Investment
  • Services
  • Land
The first international earth summit was held in the year __________.
  • 1991
  • 1992
  • 1993
  • 1995
What is Globalisation?
  • Process of rapid integration between countries.
  • Process of rapid integration of various states of a country.
  • Rapid integration of people of various countries only
  • Integration of technologies of different countries only
Globalisation leads to _____.
  • no change in competition among the producers
  • lesser competition among the producers
  • greater competition among the producers
  • none of these
LPG stands for ___________.
  • Liberalization, Privatization, Globalization
  • Liberalization, Privatization, Generalization
  • Liberty, Poverty, Government
  • Liberty, Privatization, Governance
How can government of a country play a major role in making Globalization fairer?
  • Government can ensure that labour laws are properly implemented and the workers get their rights.
  • Government can support small producers to improve their performance till the time they become strong enough to complete
  • Government can negotiate at WTO for fairer rules.
  • All of them
Rapid integration or inter-connection between countries is called __________.
  • urbanization
  • liberlization
  • globalization
  • migration
Rapid integration between countries is known as  _____ .
  • International trade
  • Globalisation
  • Liberalisation
  • Privatisation
Globalisation refers to
  • Different economic reforms.
  • The process of rapid integration of interconnection between countries.
  • The process of allowing private sectors to set up more industries.
  • The process of removing trade batteries by government.
Which term stands for opening the economy to the world by removing protective barriers against free flow of trade, technology and investment among countries?
  • Liberalisation
  • Globalisation
  • Privatisation
  • None of the above
The first consumer movement started in England after the _____.
  • first world war
  • second world war
  • cold war
  • none of these
Globalization means _____.
  • integrating economy with world economy
  • disintegrating economy with world economy
  • economically dependent at the global level
  • none of these
Besides money what are the other developmental goals?
  • Power, Oil, Food, etc.
  • Respect, Security, Pollution free environment, etc.
  • Luxuries, Shelters, Water, etc.
  • None of these

Which of the following is the reason for improvement or change in technology?
  • Nationalisation
  • Privatisation
  • Globalisation
  • None
In the past two decades, globalisation has seen rapid movements in ______________.
  • Goods, Services and People between Countries
  • Goods, Services and Investments between countries
  • Goods, Investments and People between countries
  • None of the above
Internal strategy of a business invariably takes care of ______.
  • political environment
  • media
  • employees
  • Both B and C
All those economic and non-economic factors which exercise their influence on the business activity in general and thus determine opportunities that a company may have to promote its business, will fall under which of the following categories?
  • Macro environment
  • Micro environment
  • Economic environment
  • None of the above
External environment of business can be divided into __________.
  • micro environment and macro environment
  • economic environment and non-economic environment
  • general environment and partial environment
  • none of the above
Which of the following is a set of examples of external environment of a business?
  • Institutions, organisations and forces operating outside the company
  • Institutions, organisations and forces operating inside the company
  • Commitment, attitude and morale of he employers
  • Economic and non-economic environment
The final step in deliberations before acting is termed as ____________.
  • Planning
  • Controlling
  • Decision making
  • Supervising
The role of macro environment from the point of view of business may be _______.
  • positive
  • negative
  • both (A) and (B)
  • none of the above
Which of the following makes the internal environment of business?
  • Value system, goals and objectives and management structure
  • Physical assets
  • Financial and Marketing resources
  • All the above
Which of the following is/are true or false? 
a) The micro environment refers to such players whose decisions and actions have a direct bearing on the company.
b) The macro environment comprises of large social and physical forces which affect the company and also the players in the company's micro environment.
  • Both (a) and (b) are true
  • (a) is true, (b) is false
  • (a) is false, (b) is true
  • Both (a) and (b) are false
A capitalist economy is characterized by ______.
  • economic liberty
  • social ownership of means of production
  • central planning
  • social welfare objective
Stagflation is characterized by ________.
  • Inadequate growth, inflation and unemployment
  • Inflation and disinflation
  • Inflation and deflation
  • Deflation and unemployment
Macro environment business can be classified into which of the following groups?
  • Partial environment and general environment
  • Economic environment and non-economic environment
  • Static environment and dynamic environment
  • None of the above
Environment is a _________.
  • complex phenomenon
  • comprehensive phenomenon
  • economic phenomenon
  • non-economic phenomenon
The scheme of broad banding of Industries was introduced in ______________.
  • 1948
  • 1956
  • 1980
  • 1984
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