Download Calicut University M.Com Latest 2020 Business Environment Question Bank

Download UOC (University of Calicut) M.Com (Master of Commerce) Business Environment Question Bank (Important Questions)

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Calicut University 2020 Important Questions (Question Bank) || (University of Calicut)

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

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 post was last modified on 26 December 2019

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