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BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
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Multiple Choice Questions
- The term business environment refers to ..... factors which impact functioning of a firm
- External factors
- Management related factors
- Internal factors
- Internal and External factors
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- .........are generally considered as controllable factors.
- Internal factors
- Cost of production
- External factors
- None of these
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- Factors which are beyond the control of a business are called. ...
- Supply
- Profit
- Demand
- External factors
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- Marketing intermediaries are categorized under....... Environment.
- External
- Micro
- Macro
- Remote
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- Value system followed by the management of a firm as certain influence on its....... environment.
- Internal
- Macro
- External
- None of the above
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- Which among the following is part of micro environment?
- Customers
- Competitors
- Suppliers
- All the above
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- Macro environment consist of.....
- Political system
- Culture of the society
- Demographic factors
- All the above
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- Entry barriers include.........
- Capital requirements
- Requirement of investment
- Monopoly
- All the above
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- Low income economies are also called.........
- Third world
- Developing nations
- Under developed nations
- Second world
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- .......sector contributes more than 70% of world GDP
- Agriculture
- Automobile
- Service
- Manufacturing
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- The analysis which helps to diagnose the competitive forces and to identify the strength and weakness is called.....
- SWOT analysis
- Structural analysis
- Competitive analysis
- Financial analysis
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- A mission statement explains ......... of a firm.
- Philosophy
- Tasks
- Scope
- All the above
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- Strategy of a firm is shaped by.........
- Mission
- SWOT
- Objectives
- All the above
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- ...... process by which a firm determine whether their strategic choice as implemented in meeting the objectives.
- Evaluation of strategies
- Screening of strategies
- SWOT analysis
- None of these
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- Generation of electricity includes in which sector?
- Industry
- Primary
- Tertiary
- Service
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- Commodities are the goods produced by ....... sector
- Primary
- Tertiary
- Secondary
- None of these
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- ............ involves all those activities encompassing the trade in goods and services
- Business
- Economic activity
- Commerce
- Trading
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- Industries receive raw materials as inputs and dispense intermediates or finished goods.
- Primary
- Manufacturing
- Textile
- Allied
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- .........is a form of oligopoly where some degree of differentiation exists between products of different firms.
- Perfect oligopoly
- Duopoly
- Imperfect oligopoly
- Monopsony
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- Following are the features of a perfectly competitive industry.
- Free entry and exit
- Mobility of factors
- Large number of firms
- All the above
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- ........ industries provide essential inputs for the development of other industries and economy.
- Capital goods industries
- Allied industries
- Service sector
- Basic industries
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- ......... are goods undergone manufacturing process and are meant for further processing.
- Intermediate goods
- Work-in-progress
- Semi-finished goods
- None of the above
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- ...... is the process of analyzing the environment for the identification of the factors which impact on the business.
- Environmental analysis
- Business analysis
- Environment scanning
- Factor analysis
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- ....... Is the technique used to forecast the occurrence of complex environmental events.
- Scenario analysis
- Economic forecast
- Business forecast
- Demand forecast
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- ......... is a part of economic policy of a country
- Industrial policy
- Export policy
- Import policy
- All the above
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- Approaches of a government towards public expenditure and revenue are known as.........
- Budgets
- Fiscal policy
- Monetary policy
- Industrial policy
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- Monetary policy in India is framed by the.....
- RBI
- Ministry of corporate affairs
- Ministry of finance
- Planning commission
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- Which of the following is part of monetary policy decision?
- Fixing SLR
- Demonetization
- Fixing CRR
- All the above
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- SOEs stands for........
- Single owned enterprises
- Society owned enterprises
- State owned enterprises
- None of these
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- ICSR stands for......
- Indian Council for Scientific Research
- Indian Council for Social Research
- Indian Council for Strategic Research
- None of these
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- UNCTAD stands for.........
- United Nations Committee on Trade and Development
- United Nations Conference on Trade and Development
- Union of National Committee on Trade and Commerce
- None of the Above
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- ......... refers to the system of moral principles and rules of conduct applied to the business.
- Values of Business
- Social responsibility
- Business ethics
- Ethical code of conduct
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- Delay in accepting modern culture is termed as.........
- Cultural delay
- Cultural gap
- Cultural diversity
- Cultural lag
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- Which among the following is a claimant of social responsibility of business
- Shareholders
- Consumers
- Local community
- All the above
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- ......... is a tool for evaluating how satisfactory a company has discharged its social responsibilities.
- Social Audit
- Internal check
- Company audit
- Internal audit
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- CSRC stands for.........
- Company Social Reforms Committee
- Corporate Social Responsibility Committee
- Committee for Social Responsibility Commitments
- None of these
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- ........ is an organized movement to protect rights and powers of buyers in relation to sellers.
- Consumerism
- MRTP Act
- Consumer protection Act
- Consumer courts
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- Consumer protection Act ieas enacted in the year .........
- 1989
- 1985
- 1986
- 1981
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- National Commission for consumer disputes redressal was formed in the year......
- 1988
- 2009
- 1999
- 1991
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- IRDA Act is enacted in the year.....
- 1991
- 1990
- 1999
- 2009
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- Companies Act in India is administered by the.........
- Ministry of corporate affairs
- Company law board
- Ministry of Finance
- SEBI
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- IDRA stands for.......
- Industrial Development Registration Act
- Industries Development and Regulation Act
- Industries De-recognition and Registration Act
- None of these
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- Which among the following in is included in Navaratnas?
- NTPC
- BHEL
- ONGC
- All the above
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- ..........is the practice of fixing price by the Government
- Administered pricing
- Minimum pricing
- Floor pricing
- None of these
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- Practice of charging different price for a product from different markets is called.......
- Dumping
- Price discrimination
- Differential pricing
- Strategic pricing
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- .........refers to the enterprise owned and managed jointly by the Government and Private sector.
- Joint sector
- Public private participation
- Joint venture
- None of these
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- Which among the following is a demerit of privatization?
- Connivance
- Monopoly elements
- Wrong labour strategies
- All the above
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- PSE stands for.........
- Private sector enterprises
- Private service enterprises
- Public sector enterprises
- None of these
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- In 1993 Government of India set up a committee on disinvestment under the chairmanship of
- Dr. Manmohan singh
- Raguram Rajan
- C. Rangarajan
- Y.V Reddy
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- EPZs stand for.......
- Energy processing zones
- Export Processing Zones
- Export promotion zones
- None of these
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- Expand MSME
- Medium, Small and Micro Enterprises
- Micro, Small and Medium Enterprises
- Minimum, Small and Medium Enterprises
- None of these
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- Ancillarisation means.......
- Development of supporting industries
- Setting industries to process by products
- Integration of small scale and large industries
- Developing industries to provide inputs
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- MRTP Act has been replaced by....... Act in 2002
- Consumer Protection Act
- Monopoly Control Act
- Competition Act
- None of these
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- Moral suasion is ........ nature of credit control
- Qualitative
- Restrictive
- Quantitative
- None of these
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- In India finance commission is constituted in every.........
- Year
- Fifth Year
- Two years
- Ten years
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- The Securities Contract Regulation Act was enacted in the year.........
- 1949
- 1956
- 1959
- 1991
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- SEBI was constituted in the year........
- 1998
- 2008
- 1988
- 2018
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- SEBI got statutory body status after enacting .........
- Securities and Exchange Board of India Act 1992
- Securities and Exchange board of India Act 1988
- Securities Contract Regulation Act 1956
- None of these
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- ILO was founded in ....
- 1959
- 1919
- 1969
- 1949
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- ILO is headquartered at....
- Geneva
- London
- New york
- New Delhi
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- Which among the following is limitation of Trade Union in India
- Multiplicity of unions
- Lack of integrity
- Outside leadership
- All the above
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- NDC stands for......
- National Defense Council
- National Development Committee
- National Development Council
- None of these
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- Which one is not the main objective of fiscal policy of India?
- To increases liquidity in the economy
- To promote price stability
- To minimize inequalities of income
- To promote employment opportunity
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- Which of the following denote the structural changes in Indian economy?
- Service sector contribution has gone up.
- Primary sector contribution has gone down
- Secondary sector has not changed much
- All the above
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- Which one is not an element of legal environment?
- Act of Parliamentarians in Lok Sabha
- Indian Partnership Act 1932
- Indian Contract Act, 1972
- Negotiable Instruments Act 19881
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- Public Enterprise is defined as.....
- An organization run by joint efforts of Centre and State Governments.
- An organization which caters to the needs relating to public utilities.
- An organization in which capital is invested by public.
- An organization owned and managed by public
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- The fundamental set of assumptions, values, and ways of doing things, that has been accepted by most of a company's members is called its
- Culture
- Atmosphere
- Environment
- Values
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- Key actors in a business's immediate environment include
- Regulations
- Economy
- Technology
- Politics
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- FEMA is a replacement to which Act?
- MRTP Act
- Competition Act
- FERA
- Companies Act
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- Critical success factors in the public sector usually relate to one of the following:
- More than one stakeholder
- Government imposed standards
- The expectation of service users
- The expectation of providers of fund
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- The first year plan was launched on......
- 1st April 1951
- 1st April 1952
- 1st April 1955
- 1st April 1960
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- What was the duration of 12th plan?
- 2011-15
- 2012-17
- 2009-14
- 2013-18
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- NITI in NITI Aayog stands for.........
- National Institute for Transforming India
- National Institute for Trade in Inida
- National Institute for Transforming Industries
- None of the above
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- Who is the current Chairman of NITI Aayog
- Narendra Modi
- Amithab kand
- Nirmala Sitaraman
- None of these
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- NITI Aayog was formed on
- 1st April 2015
- 1st January 2015
- 1st march 2015
- 1st January 2016
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- Who is the Chairperson of NITI Aayog?
- President
- A senior IAS Officer
- Finance Minister
- Prime Minister
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- Who represents a State in NITI Aayog Governing council?
- State Finance minister
- Governor
- Chief Minister
- Chief Secretary
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- Who represents a State in NITI's Regional council?
- State Finance minister
- Chief Minister
- Governor
- Chief Secretary
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- NITI Aayog is headquartered in .....
- Delhi
- Chennai
- Noida
- Kolkata
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- Planning Commission of India is dissolved on...
- 1st January 2015
- 1st April 2014
- 17th August 2014
- 15th August 2014
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- Who was the predecessor of WTO?
- GATT
- ITO
- GAAT
- UNCTAD
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- GATT was transformed into a WTO with effect from .........
- April 2000
- January 1995
- March 1991
- April 1995
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- GATT was formed to fill up the gap of...... charter.
- ITO
- IMF
- WTO
- IBRD
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- MFA stands for ......
- Multilateral Finance Agreement
- Multilateral Federation of Agriculture
- Multifibre Arrangement
- None of these
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- Multilateral trade negotiation under GAAT is called.....
- Rounds
- Council
- Conference
- Discussion
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- WTO is headquartered in ......
- Paris
- Geneva
- Colombo
- Washington DC
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- NTB stands for.....
- Non- trade barriers
- No trade between
- Non- tariff barriers
- None of these
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- IMF was established in ......
- 1950
- 1948
- 1947
- 1946
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- Expand TRIPS
- Trade relates aspects of investment property
- Trade related aspects of intellectual property right
- Tariff related aspects of international property rights
- None of the above
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- ASEAN stand for......
- Association of South East Asian Nations
- Association of South East African Nations
- Association of South East American Nations
- None of these
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- Expand TRIMs
- Tariff related investment measures
- Trade related institutions measuring
- Trade related investment measures
- None of the above
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- Which is not a tariff barrier?
- Compound duty
- Sliding Scale
- Specific duty
- Quota system
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- Which among the following is the advanced form of economic integration?
- Free trade area
- Custom union
- Economic union
- Common market
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- .......refers to the investment in a foreign country where the investor retain control over the investment.
- FDI
- Portfolio investment
- FII
- Investment in GDR
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- Which of the following is not an international organization?
- SAARC
- ASEAN
- ADB
- CBDT
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- SAARC was established in......
- 1995
- 1972
- 1985
- 2002
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- How many members are there in SAARC?
- 8
- 10
- 9
- 5
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- SAARC is headquartered in .....
- Dhaka
- Colombo
- Delhi
- Kathmandu
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- How many Members are there in BRICS
- 4
- 2
- 6
- 5
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- BRICS was established in.....
- 2005
- 2010
- 2006
- 2012
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Answer Key:
1.d 2.a 3.d 4.b 5.a 6.d 7.d 8.d. 9.a 10.c 11.b 12.d 13.d 14.d 15.a 16.a
17.c 18.b 19.c 20.d 21.d 22.b 23.c 24.a 25.d 26.b.27.a.28.d 29.c 30.a 31.b
32.c 33.d 34.d 35.a 36.b 37.a 38.c 39.a 40.c 41.a 42.b 43.d. 44.a 45.b
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46.a 47.d 48.c 49.c 50.b 51.b 52.c 53.c 54.a 55.b 56.b 57.c 58.a 59.b
60.a 61.d 62.c 63.a 64.d 65.a 66.d 67.a 68.a 69.c 70.a 71.a 72.b 73.a
74.a 75.c 76.d. 77.c 78.b 79.a 80.c 81.a 82.b 83.a 84.c 85.a. 86.b 87.
c88.d 89.b 90.a 91.b 92.d 93.c 94.a 95.d 96.c 97.a 98.d 99.d 100.c
Prepared by:-
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Muhammed Salim.K.C
Assistant Professor
PG and Research Department of Commerce
Govt. College Madappally
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This download link is referred from the post: Calicut University 2020 Important Questions (Question Bank) || (University of Calicut)
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