CBSE Questions for Class 12 Commerce Business Studies Business Environment Quiz 4 - MCQExams.com

Gandhian Plan inspired _______.
  • Democratic Planning
  • Sarvodaya Planning
  • Developmental Planning
  • Dynamic Planning
The voluntary organisation is achieved by _______.
  • Setting up consumers associates or councils
  • Organising consumer co-operatives
  • Either (A) or (B)
  • None of these
The Wildlife (Protection) Act was adopted in ____________.
  • 1972
  • 1973
  • 1934
  • 1935
Match the following:
PlanStrategy
1.Second five year plana)Self-sustaining growth
2.Third five year planb)Rapid Industrialization
3.Fourth five year planc)Composition of growth
4.Fifth five year pland)Policy-mix
  • 1-a, 2-b, 3-c, 4-d
  • 1-b, 2-a, 3-d, 4-c
  • 1-d, 2-a, 3-b, 4-c
  • 1-c, 2-a, 3-b, 4-d
The Second Five Year Plan was based on ________.
  • Harrod Domer Model
  • Fel'dman Model
  • Mahalanobis Model
  • Consistency Model
The period of Tenth Five Year Plan is _________.
  • 1997-2002
  • 2000-2005
  • 2002-2007
  • 2003-2008
External sector liberalisation means _______.
  • relaxing restrictions on international flow of goods, services, technology and capital
  • relaxing restrictions on internal flow of capital
  • relaxing the role of market
  • all the above
Industrial licensing is confined to ________.
  • 5 industries
  • 8 industries
  • 10 industries
  • 15 industries
Privatization means _______________________.
  • The transfer of ownership or management of an enterprise from the public sector to the private sector.
  • The transfer of ownership of an enterprise from the private sector to the public sector.
  • The withdrawal of the state from an industry, partially or fully.
  • Both (A) and (C)
Peter F. Drucker used the term 'Privatisation' in his famous book, ________.
  • What is Privatisation?
  • The Age of Discontinuity
  • Quality and Competition
  • Global Economy
Privatisation is a ____________.
  • Global phenomenon
  • Internal phenomenon
  • New phenomenon
  • Traditional phenomenon
Which are the $$6$$Ms of internal environment?
  • Media, management, money, monitory policy, mission man
  • Monitory policy, man, marketing, resources, money, machinery, miscellaneous factors.
  • Man, marketing resources, machinery, management, money, miscellaneous
  • None of the above
Privatization is a/an ________.
  • Social policy
  • Economic policy
  • Political policy
  • International policy
Which of the following restrictions were removed by the liberalization policy?
  • Industrial licensing
  • Clearance from the MRTP act
  • Foreign Exchange restrictions
  • All the above
The word 'Privatisation' is invented by__________.
  • Peter F. Drucker
  • Taylor
  • Mayo
  • Vroom
Consumer attitudes and beliefs about diet, health and nutrition are influenced by which of the following?
  • Economic environment
  • Cultural environment
  • Social environment
  • Natural environment
At present (2018) _______ industries are reserved for the public sector.
  • 5
  • 2
  • 8
  • 12
The following are the ways of privatisation:
Disinvestment Denationalization
Franchising   Contracting
Which is correct?
  • 1, 2 and 4
  • 2 and 4
  • 1 and 2
  • All the above
One of the important methods of privatisation is ________.
  • Disinvestment
  • Privatisation of ownership, through the sale of equity
  • Either (A) or (B)
  • None of these
Reason(s) for Privatization __________________.
  • Revenue for Government
  • Increasing the role of Public Sector
  • Inefficiency of foreign sector
  • Inefficiency, indifference, irresponsibility and corruption
The following are the main objectives of the New industrial Policy (1991):
To build on the gains already made
To maintain a sustained growth in productivity
To attain international competitiveness
To maintain gainful employment
Which is/are correct?
  • 1, 2 and 4
  • 2 and 4
  • 3 and 4
  • All the above
According to New Industrial Policy, 1991 approval will be given for direct foreign Investment upto _________ of foreign equity in high priority industries.
  • 51 per cent
  • 25 per cent
  • 32 per cent
  • 41 per cent
The New Industrial Policy (1991) aims to make changes in ____________________.
  • Industrial licensing, Foreign Investment and Public Sector Management
  • Foreign Technology Agreements and Monopolies and Restrictive Trade Practices Act
  • Foreign Investment and Foreign Technology Agreements
  • Both (A) and (B)
The process of eliminating unnecessary controls and restrictions on the smooth functioning of a business enterprise is known as ________.
  • Liberalisation
  • Globalisation
  • Privatisation
  • None of the above
New Economic Policy aims at the following objective(s) ______.
  • Privatisation
  • Globalisation
  • Liberalisation
  • All the above
As per New Industrial Policy (1991) automatic permission will be given for foreign technology agreements in high priority industries upto a payment of _____.
  • Rs. 50,000
  • Rs. 1,00,000
  • Rs. 50,00,000
  • Rs. 1,00,00,000
According to New Industrial Policy, 1991 __________.
Which is incorrect?
  • no permission is necessary for hiring of foreign technicians
  • a special permission is necessary for hiring of foreign technicians or foreign testing of developed technologies
  • automatic permission will be given for domestic sales in high priority industries, upto 5 percent of royalty
  • automatic permission will be given, for other then high priority industries, if no foreign exchange is required for any payments
Government undertakings engaged in the production of the following would continue to be kept out of the purview of the MRTP Act, under NIP 1991.
  • Defence equipment & specified minerals
  • Atomic energy and government mints
  • Railways
  • All of the above
Which is incorrect from the following highlights of the New Small Scale Industrial Policy, 1991?
  • Launch of factoring services by SIDBI
  • Permission to other units to invest upto 24 percent in the SSI
  • Package for handloom and handicraft sector
  • Tiny sector investment limit raised to Rs. 7 lakhs
According to the amendment of the MRTP Act under NIP, 1991, the requirement for large companies to seek the prior permission of the Union government for the following had been eliminated.
  • Expansion and establishment of new undertakings
  • Merger and amalgamations
  • Takeover and appointment of Directors
  • All the above
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