Download UOC (University of Calicut) M.Com (Master of Commerce) Business Environment Question Bank (Important Questions)
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c)
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BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
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BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
59. ILO was founded in ?.
a) 1959 c) 1969
b) 1919 d) 1949
60. ILO is headquartered at?.
a) Geneva c) New york
b) London d) New Delhi
61. Which among the following is limitation of Trade Union in India
a) Multiplicity of unions c) Outside leadership
b) Lack of integrity d) All the above
62. NDC stands for??
a) National Defense Council c) National Development Council
b) National Development Committee d) None of these
63. Which one is not the main objective of fiscal policy of India?
a) To increases liquidity in the economy c) To minimize inequalities of income
b) To promote price stability d) To promote employment opportunity
64. Which of the following denote the structural changes in Indian economy?
a) Service sector contribution has gone up. c) Secondary sector has not changed much
b) Primary sector contribution has gone down d) All the above
65. Which one is not an element of legal environment?
a) Act of Parliamentarians in Lok Sabha c) Indian Contract Act, 1972
b) Indian Partnership Act 1932 d) Negotiable Instruments Act 19881
66. Public Enterprise is defined as?..
a) An organization run by joint efforts of Centre and State Governments.
b) An organization which caters to the needs relating to public utilities.
c) An organization in which capital is invested by public.
d) An organization owned and managed by public
67. 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
a) Culture c) Environment
b) Atmosphere d) Values
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
59. ILO was founded in ?.
a) 1959 c) 1969
b) 1919 d) 1949
60. ILO is headquartered at?.
a) Geneva c) New york
b) London d) New Delhi
61. Which among the following is limitation of Trade Union in India
a) Multiplicity of unions c) Outside leadership
b) Lack of integrity d) All the above
62. NDC stands for??
a) National Defense Council c) National Development Council
b) National Development Committee d) None of these
63. Which one is not the main objective of fiscal policy of India?
a) To increases liquidity in the economy c) To minimize inequalities of income
b) To promote price stability d) To promote employment opportunity
64. Which of the following denote the structural changes in Indian economy?
a) Service sector contribution has gone up. c) Secondary sector has not changed much
b) Primary sector contribution has gone down d) All the above
65. Which one is not an element of legal environment?
a) Act of Parliamentarians in Lok Sabha c) Indian Contract Act, 1972
b) Indian Partnership Act 1932 d) Negotiable Instruments Act 19881
66. Public Enterprise is defined as?..
a) An organization run by joint efforts of Centre and State Governments.
b) An organization which caters to the needs relating to public utilities.
c) An organization in which capital is invested by public.
d) An organization owned and managed by public
67. 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
a) Culture c) Environment
b) Atmosphere d) Values
68. Key actors in a business?s immediate environment include
a) Regulations c) Technology
b) Economy d) Politics
69. FEMA is a replacement to which Act?
a) MRTP Act c) FERA
b) Competition Act d) Companies Act
70. Critical success factors in the public sector usually relate to one of the following:
a) More than one stakeholder c) The expectation of service users
b) Government imposed standards d) The expectation of providers of fund
71. The first year plan was launched on??
a) 1
st
April 1951 c) 1
st
April 1955
b) 1
st
April 1952 d) 1
st
April 1960
72. What was the duration of 12
th
plan?
a) 2011-15 c) 2009-14
b) 2012-17 d) 2013-18
73. NITI in NITI Aayog stands for?..
a) National Institute for Transforming India
b) National Institute for Trade in Inida
c) National Institute for Transforming Industries
d) None of the above
74. Who is the current Chairman of NITI Aayog
a) Narendra Modi c) Nirmala Sitaraman
b) Amithab kand d) None of these
75. NITI Aayog was formed on
a) 1
st
April 2015 c) 1
st
march 2015
c) 1
st
January 2015 d) 1
st
January 2016
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
59. ILO was founded in ?.
a) 1959 c) 1969
b) 1919 d) 1949
60. ILO is headquartered at?.
a) Geneva c) New york
b) London d) New Delhi
61. Which among the following is limitation of Trade Union in India
a) Multiplicity of unions c) Outside leadership
b) Lack of integrity d) All the above
62. NDC stands for??
a) National Defense Council c) National Development Council
b) National Development Committee d) None of these
63. Which one is not the main objective of fiscal policy of India?
a) To increases liquidity in the economy c) To minimize inequalities of income
b) To promote price stability d) To promote employment opportunity
64. Which of the following denote the structural changes in Indian economy?
a) Service sector contribution has gone up. c) Secondary sector has not changed much
b) Primary sector contribution has gone down d) All the above
65. Which one is not an element of legal environment?
a) Act of Parliamentarians in Lok Sabha c) Indian Contract Act, 1972
b) Indian Partnership Act 1932 d) Negotiable Instruments Act 19881
66. Public Enterprise is defined as?..
a) An organization run by joint efforts of Centre and State Governments.
b) An organization which caters to the needs relating to public utilities.
c) An organization in which capital is invested by public.
d) An organization owned and managed by public
67. 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
a) Culture c) Environment
b) Atmosphere d) Values
68. Key actors in a business?s immediate environment include
a) Regulations c) Technology
b) Economy d) Politics
69. FEMA is a replacement to which Act?
a) MRTP Act c) FERA
b) Competition Act d) Companies Act
70. Critical success factors in the public sector usually relate to one of the following:
a) More than one stakeholder c) The expectation of service users
b) Government imposed standards d) The expectation of providers of fund
71. The first year plan was launched on??
a) 1
st
April 1951 c) 1
st
April 1955
b) 1
st
April 1952 d) 1
st
April 1960
72. What was the duration of 12
th
plan?
a) 2011-15 c) 2009-14
b) 2012-17 d) 2013-18
73. NITI in NITI Aayog stands for?..
a) National Institute for Transforming India
b) National Institute for Trade in Inida
c) National Institute for Transforming Industries
d) None of the above
74. Who is the current Chairman of NITI Aayog
a) Narendra Modi c) Nirmala Sitaraman
b) Amithab kand d) None of these
75. NITI Aayog was formed on
a) 1
st
April 2015 c) 1
st
march 2015
c) 1
st
January 2015 d) 1
st
January 2016
76. Who is the Chairperson of NITI Aayog?
a) President c) Finance Minister
b) A senior IAS Officer d) Prime Minister
77. Who represents a State in NITI Aayog Governing council?
a) State Finance minister c) Chief Minister
b) Governor d) Chief Secretary
78. Who represents a State in NITI?s Regional council?
a) State Finance minister c) Governor
b) Chief Minister d) Chief Secretary
79. NITI Aayog is headquartered in ?..
a) Delhi c) Noida
b) Chennai d) Kolkata
80. Planning Commission of India is dissolved on?
a) 1
st
January 2015 c) 17
th
August 2014
b) 1
st
April 2014 d) 15
th
August 2014
81. Who was the predecessor of WTO?
a) GATT c) GAAT
b) ITO d) UNCTAD
82. GATT was transformed into a WTO with effect from ??.
a) April 2000 c) March 1991
b) January 1995 d) April 1995
83. GATT was formed to fill up the gap of?? charter.
a) ITO c) WTO
b) IMF d) IBRD
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
59. ILO was founded in ?.
a) 1959 c) 1969
b) 1919 d) 1949
60. ILO is headquartered at?.
a) Geneva c) New york
b) London d) New Delhi
61. Which among the following is limitation of Trade Union in India
a) Multiplicity of unions c) Outside leadership
b) Lack of integrity d) All the above
62. NDC stands for??
a) National Defense Council c) National Development Council
b) National Development Committee d) None of these
63. Which one is not the main objective of fiscal policy of India?
a) To increases liquidity in the economy c) To minimize inequalities of income
b) To promote price stability d) To promote employment opportunity
64. Which of the following denote the structural changes in Indian economy?
a) Service sector contribution has gone up. c) Secondary sector has not changed much
b) Primary sector contribution has gone down d) All the above
65. Which one is not an element of legal environment?
a) Act of Parliamentarians in Lok Sabha c) Indian Contract Act, 1972
b) Indian Partnership Act 1932 d) Negotiable Instruments Act 19881
66. Public Enterprise is defined as?..
a) An organization run by joint efforts of Centre and State Governments.
b) An organization which caters to the needs relating to public utilities.
c) An organization in which capital is invested by public.
d) An organization owned and managed by public
67. 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
a) Culture c) Environment
b) Atmosphere d) Values
68. Key actors in a business?s immediate environment include
a) Regulations c) Technology
b) Economy d) Politics
69. FEMA is a replacement to which Act?
a) MRTP Act c) FERA
b) Competition Act d) Companies Act
70. Critical success factors in the public sector usually relate to one of the following:
a) More than one stakeholder c) The expectation of service users
b) Government imposed standards d) The expectation of providers of fund
71. The first year plan was launched on??
a) 1
st
April 1951 c) 1
st
April 1955
b) 1
st
April 1952 d) 1
st
April 1960
72. What was the duration of 12
th
plan?
a) 2011-15 c) 2009-14
b) 2012-17 d) 2013-18
73. NITI in NITI Aayog stands for?..
a) National Institute for Transforming India
b) National Institute for Trade in Inida
c) National Institute for Transforming Industries
d) None of the above
74. Who is the current Chairman of NITI Aayog
a) Narendra Modi c) Nirmala Sitaraman
b) Amithab kand d) None of these
75. NITI Aayog was formed on
a) 1
st
April 2015 c) 1
st
march 2015
c) 1
st
January 2015 d) 1
st
January 2016
76. Who is the Chairperson of NITI Aayog?
a) President c) Finance Minister
b) A senior IAS Officer d) Prime Minister
77. Who represents a State in NITI Aayog Governing council?
a) State Finance minister c) Chief Minister
b) Governor d) Chief Secretary
78. Who represents a State in NITI?s Regional council?
a) State Finance minister c) Governor
b) Chief Minister d) Chief Secretary
79. NITI Aayog is headquartered in ?..
a) Delhi c) Noida
b) Chennai d) Kolkata
80. Planning Commission of India is dissolved on?
a) 1
st
January 2015 c) 17
th
August 2014
b) 1
st
April 2014 d) 15
th
August 2014
81. Who was the predecessor of WTO?
a) GATT c) GAAT
b) ITO d) UNCTAD
82. GATT was transformed into a WTO with effect from ??.
a) April 2000 c) March 1991
b) January 1995 d) April 1995
83. GATT was formed to fill up the gap of?? charter.
a) ITO c) WTO
b) IMF d) IBRD
84. MFA stands for ??
a) Multilateral Finance Agreement c) Multifibre Arrangement
b) Multilateral Federation of Agriculture d) None of these
85. Multilateral trade negotiation under GAAT is called?..
a) Rounds c) Conference
b) Council d) Discussion
86. WTO is headquartered in ??
a) Paris c) Colombo
b) Geneva d) Washington DC
87. NTB stands for?..
a) Non- trade barriers c) Non- tariff barriers
b) No trade between d) None of these
88. IMF was established in ??
a) 1950 c) 1947
b) 1948 d) 1946
89. Expand TRIPs
a) Trade relates aspects of investment property
b) Trade related aspects of intellectual property right
c) Tariff related aspects of international property rights
d) None of the above
90. ASEAN stand for??
a) Association of South East Asian Nations
b) Association of South East African Nations
c) Association of South East American Nations
d) None of these
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
59. ILO was founded in ?.
a) 1959 c) 1969
b) 1919 d) 1949
60. ILO is headquartered at?.
a) Geneva c) New york
b) London d) New Delhi
61. Which among the following is limitation of Trade Union in India
a) Multiplicity of unions c) Outside leadership
b) Lack of integrity d) All the above
62. NDC stands for??
a) National Defense Council c) National Development Council
b) National Development Committee d) None of these
63. Which one is not the main objective of fiscal policy of India?
a) To increases liquidity in the economy c) To minimize inequalities of income
b) To promote price stability d) To promote employment opportunity
64. Which of the following denote the structural changes in Indian economy?
a) Service sector contribution has gone up. c) Secondary sector has not changed much
b) Primary sector contribution has gone down d) All the above
65. Which one is not an element of legal environment?
a) Act of Parliamentarians in Lok Sabha c) Indian Contract Act, 1972
b) Indian Partnership Act 1932 d) Negotiable Instruments Act 19881
66. Public Enterprise is defined as?..
a) An organization run by joint efforts of Centre and State Governments.
b) An organization which caters to the needs relating to public utilities.
c) An organization in which capital is invested by public.
d) An organization owned and managed by public
67. 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
a) Culture c) Environment
b) Atmosphere d) Values
68. Key actors in a business?s immediate environment include
a) Regulations c) Technology
b) Economy d) Politics
69. FEMA is a replacement to which Act?
a) MRTP Act c) FERA
b) Competition Act d) Companies Act
70. Critical success factors in the public sector usually relate to one of the following:
a) More than one stakeholder c) The expectation of service users
b) Government imposed standards d) The expectation of providers of fund
71. The first year plan was launched on??
a) 1
st
April 1951 c) 1
st
April 1955
b) 1
st
April 1952 d) 1
st
April 1960
72. What was the duration of 12
th
plan?
a) 2011-15 c) 2009-14
b) 2012-17 d) 2013-18
73. NITI in NITI Aayog stands for?..
a) National Institute for Transforming India
b) National Institute for Trade in Inida
c) National Institute for Transforming Industries
d) None of the above
74. Who is the current Chairman of NITI Aayog
a) Narendra Modi c) Nirmala Sitaraman
b) Amithab kand d) None of these
75. NITI Aayog was formed on
a) 1
st
April 2015 c) 1
st
march 2015
c) 1
st
January 2015 d) 1
st
January 2016
76. Who is the Chairperson of NITI Aayog?
a) President c) Finance Minister
b) A senior IAS Officer d) Prime Minister
77. Who represents a State in NITI Aayog Governing council?
a) State Finance minister c) Chief Minister
b) Governor d) Chief Secretary
78. Who represents a State in NITI?s Regional council?
a) State Finance minister c) Governor
b) Chief Minister d) Chief Secretary
79. NITI Aayog is headquartered in ?..
a) Delhi c) Noida
b) Chennai d) Kolkata
80. Planning Commission of India is dissolved on?
a) 1
st
January 2015 c) 17
th
August 2014
b) 1
st
April 2014 d) 15
th
August 2014
81. Who was the predecessor of WTO?
a) GATT c) GAAT
b) ITO d) UNCTAD
82. GATT was transformed into a WTO with effect from ??.
a) April 2000 c) March 1991
b) January 1995 d) April 1995
83. GATT was formed to fill up the gap of?? charter.
a) ITO c) WTO
b) IMF d) IBRD
84. MFA stands for ??
a) Multilateral Finance Agreement c) Multifibre Arrangement
b) Multilateral Federation of Agriculture d) None of these
85. Multilateral trade negotiation under GAAT is called?..
a) Rounds c) Conference
b) Council d) Discussion
86. WTO is headquartered in ??
a) Paris c) Colombo
b) Geneva d) Washington DC
87. NTB stands for?..
a) Non- trade barriers c) Non- tariff barriers
b) No trade between d) None of these
88. IMF was established in ??
a) 1950 c) 1947
b) 1948 d) 1946
89. Expand TRIPs
a) Trade relates aspects of investment property
b) Trade related aspects of intellectual property right
c) Tariff related aspects of international property rights
d) None of the above
90. ASEAN stand for??
a) Association of South East Asian Nations
b) Association of South East African Nations
c) Association of South East American Nations
d) None of these
91. Expand TRIMs
a) Tariff related investment measures
b) Trade related institutions measuring
c) Trade related investment measures
d) None of the above
92. Which is not a tariff barrier?
a) Compound duty c) Specific duty
b) Sliding Scale d) Quota system
93. Which among the following is the advanced form of economic integration?
a) Free trade area c) Economic union
b) Custom union d) Common market
94. ??.refers to the investment in a foreign country where the investor retain control over
the investment.
a) FDI c) FII
b) Portfolio investment d) Investment in GDR
95. Which of the following is not an international organization?
a) SAARC c) ADB
b) ASEAN d) CBDT
96. SAARC was established in??
a) 1995 c) 1985
b) 1972 d) 2002
97. How many members are there in SAARC?
a) 8 c) 9
b) 10 d) 5
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
59. ILO was founded in ?.
a) 1959 c) 1969
b) 1919 d) 1949
60. ILO is headquartered at?.
a) Geneva c) New york
b) London d) New Delhi
61. Which among the following is limitation of Trade Union in India
a) Multiplicity of unions c) Outside leadership
b) Lack of integrity d) All the above
62. NDC stands for??
a) National Defense Council c) National Development Council
b) National Development Committee d) None of these
63. Which one is not the main objective of fiscal policy of India?
a) To increases liquidity in the economy c) To minimize inequalities of income
b) To promote price stability d) To promote employment opportunity
64. Which of the following denote the structural changes in Indian economy?
a) Service sector contribution has gone up. c) Secondary sector has not changed much
b) Primary sector contribution has gone down d) All the above
65. Which one is not an element of legal environment?
a) Act of Parliamentarians in Lok Sabha c) Indian Contract Act, 1972
b) Indian Partnership Act 1932 d) Negotiable Instruments Act 19881
66. Public Enterprise is defined as?..
a) An organization run by joint efforts of Centre and State Governments.
b) An organization which caters to the needs relating to public utilities.
c) An organization in which capital is invested by public.
d) An organization owned and managed by public
67. 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
a) Culture c) Environment
b) Atmosphere d) Values
68. Key actors in a business?s immediate environment include
a) Regulations c) Technology
b) Economy d) Politics
69. FEMA is a replacement to which Act?
a) MRTP Act c) FERA
b) Competition Act d) Companies Act
70. Critical success factors in the public sector usually relate to one of the following:
a) More than one stakeholder c) The expectation of service users
b) Government imposed standards d) The expectation of providers of fund
71. The first year plan was launched on??
a) 1
st
April 1951 c) 1
st
April 1955
b) 1
st
April 1952 d) 1
st
April 1960
72. What was the duration of 12
th
plan?
a) 2011-15 c) 2009-14
b) 2012-17 d) 2013-18
73. NITI in NITI Aayog stands for?..
a) National Institute for Transforming India
b) National Institute for Trade in Inida
c) National Institute for Transforming Industries
d) None of the above
74. Who is the current Chairman of NITI Aayog
a) Narendra Modi c) Nirmala Sitaraman
b) Amithab kand d) None of these
75. NITI Aayog was formed on
a) 1
st
April 2015 c) 1
st
march 2015
c) 1
st
January 2015 d) 1
st
January 2016
76. Who is the Chairperson of NITI Aayog?
a) President c) Finance Minister
b) A senior IAS Officer d) Prime Minister
77. Who represents a State in NITI Aayog Governing council?
a) State Finance minister c) Chief Minister
b) Governor d) Chief Secretary
78. Who represents a State in NITI?s Regional council?
a) State Finance minister c) Governor
b) Chief Minister d) Chief Secretary
79. NITI Aayog is headquartered in ?..
a) Delhi c) Noida
b) Chennai d) Kolkata
80. Planning Commission of India is dissolved on?
a) 1
st
January 2015 c) 17
th
August 2014
b) 1
st
April 2014 d) 15
th
August 2014
81. Who was the predecessor of WTO?
a) GATT c) GAAT
b) ITO d) UNCTAD
82. GATT was transformed into a WTO with effect from ??.
a) April 2000 c) March 1991
b) January 1995 d) April 1995
83. GATT was formed to fill up the gap of?? charter.
a) ITO c) WTO
b) IMF d) IBRD
84. MFA stands for ??
a) Multilateral Finance Agreement c) Multifibre Arrangement
b) Multilateral Federation of Agriculture d) None of these
85. Multilateral trade negotiation under GAAT is called?..
a) Rounds c) Conference
b) Council d) Discussion
86. WTO is headquartered in ??
a) Paris c) Colombo
b) Geneva d) Washington DC
87. NTB stands for?..
a) Non- trade barriers c) Non- tariff barriers
b) No trade between d) None of these
88. IMF was established in ??
a) 1950 c) 1947
b) 1948 d) 1946
89. Expand TRIPs
a) Trade relates aspects of investment property
b) Trade related aspects of intellectual property right
c) Tariff related aspects of international property rights
d) None of the above
90. ASEAN stand for??
a) Association of South East Asian Nations
b) Association of South East African Nations
c) Association of South East American Nations
d) None of these
91. Expand TRIMs
a) Tariff related investment measures
b) Trade related institutions measuring
c) Trade related investment measures
d) None of the above
92. Which is not a tariff barrier?
a) Compound duty c) Specific duty
b) Sliding Scale d) Quota system
93. Which among the following is the advanced form of economic integration?
a) Free trade area c) Economic union
b) Custom union d) Common market
94. ??.refers to the investment in a foreign country where the investor retain control over
the investment.
a) FDI c) FII
b) Portfolio investment d) Investment in GDR
95. Which of the following is not an international organization?
a) SAARC c) ADB
b) ASEAN d) CBDT
96. SAARC was established in??
a) 1995 c) 1985
b) 1972 d) 2002
97. How many members are there in SAARC?
a) 8 c) 9
b) 10 d) 5
98. SAARC is headquartered in ?..
a) Dhaka c) Delhi
b) Colombo d) Kathmandu
99. How many Members are there in BRICS
a) 4 c) 6
b) 2 d) 5
100. BRICS was established in?..
a) 2005 c) 2006
b) 2010 d) 2012
Answer Key:
1.d 2.a 3.d 4.b 5.a 6.d 7.d 8d. 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 26b.27.a28.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 43d. 44.a 45.b
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 76d. 77.c 78.b 79.a 80.c 81.a 82.b 83.a 84.c 85a. 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:-
Muhammed Salim.K.C
Assistant Professor
PG and Research Department of Commerce
Govt. College Madappally
FirstRanker.com - FirstRanker's Choice
BUSINESS ENVIRONMENT
M.com First Semester
MC1C1
Multiple Choice Questions
1. The term business environment refers to ??.. factors which impact functioning of a
firm
a) External factors c) Internal factors
b) Management related factors d) Internal and External factors
2. ???are generally considered as controllable factors.
a) Internal factors c) External factors
b) Cost of production d) None of these
3. Factors which are beyond the control of a business are called?..
a) Supply c) Demand
b) Profit d) External factors
4. Marketing intermediaries are categorized under??. Environment.
a) External c) Macro
b) Micro d) Remote
5. Value system followed by the management of a firm as certain influence on its??.
environment.
a) Internal c) External
b) Macro d) None of the above
6. Which among the following is part of micro environment?
a) Customers c) Suppliers
b) Competitors d) All the above
7. Macro environment consist of?..
a) Political system c) Demographic factors
b) Culture of the society d) All the above
c) 8. Entry barriers include???
a) Capital requirements c) Monopoly
b) Requirement of investment d) All the above
9. Low income economies are also called????
a) Third world c) Under developed nations
b) Developing nations d) Second world
10. ??.sector contributes more than 70% of world GDP
a) Agriculture c) Service
b) Automobile d) Manufacturing
11. The analysis which helps to diagnose the competitive forces and to identify the strength
and weakness is called?..
a) SWOT analysis c) Competitive analysis
b) Structural analysis d) Financial analysis
12. A mission statement explains ??????? of a firm.
a) Philosophy c) Scope
b) Tasks d) All the above
13. Strategy of a firm is shaped by???????
a) Mission c) Objectives
b) SWOT d) All the above
14. ?? process by which a firm determine whether their strategic choice as implemented in
meeting the objectives.
a) Evaluation of strategies c) SWOT analysis
b) Screening of strategies d) None of these
15. Generation of electricity includes in which sector?
a) Industry c) Tertiary
b) Primary d) Service
16. Commodities are the goods produced by ?? sector
a) Primary c) Secondary
b) Tertiary d) None of these
17. ???? involves all those activities encompassing the trade in goods and services
a) Business c) Commerce
b) Economic activity d) Trading
18. ???. Industries receive raw materials as inputs and dispense intermediates or finished
goods.
a) Primary c) Textile
b) Manufacturing d) Allied
19. ???is a form of oligopoly where some degree of differentiation exists between
products of different firms.
a) Perfect oligopoly c) Imperfect oligopoly
b) Duopoly d) Monopsony
20. Following are the features of a perfectly competitive industry.
a) Free entry and exit c) large number of firms
b) Mobility of factors d) All the above
21. ??industries provide essential inputs for the development of other industries and
economy.
a) Capital goods industries c) Service sector
b) Allied industries d) Basic industries
22. ????????.. are goods undergone manufacturing process and are meant for
further processing.
a) Intermediate goods c) semi-finished goods
b) Work-in ?progress d) None of the above
23. ?? is the process of analyzing the environment for the identification of the factors
which impact on the business.
a) Environmental analysis c) Environment scanning
b) Business analysis d) Factor analysis
24. ??. Is the technique used to forecast the occurrence of complex environmental events.
a) Scenario analysis c) Business forecast
b) Economic forecast d) demand forecast
25. ?????.. is a part of economic policy of a country
a) Industrial policy c) Import policy
b) Export policy d) All the above
26. Approaches of a government towards public expenditure and revenue are known
as???
a) Budgets c) Monetary policy
b) Fiscal policy d) Industrial policy
27. Monetary policy in India is framed by the?..
a) RBI c) Ministry of finance
b) Ministry of corporate affairs d) Planning commission
28. Which of the following is part of monetary policy decision?
a) Fixing SLR c) Fixing CRR
b) Demonetization d) All the above
29. SOEs stands for??..
a) Single owned enterprises c) State owned enterprises
b) Society owned enterprises d)None of these
30. ICSR stands for??
a) Indian Council for Scientific Research c) Indian Council for Strategic Research
b) Indian Council for Social Research d) None of these
31. UNCTAD stands for????.
a) United Nations Committee on Trade and Development
b) United Nations Conference on Trade and Development
c) Union of National Committee on Trade and Commerce
d) None of the Above
32. ???. refers to the system of moral principles and rules of conduct applied to the
business.
a) Values of Business C) Business ethics
b) Social responsibility d) Ethical code of conduct
33. Delay in accepting modern culture is termed as?????.
a) Cultural delay c) Cultural diversity
b) Cultural gap d) Cultural lag
34. Which among the following is a claimant of social responsibility of business
a) Shareholders c) Local community
b) Consumers d) All the above
35. ?????.. is a tool for evaluating how satisfactory a company has discharged its
social responsibilities.
a) Social Audit c) Company audit
b) Internal check d) Internal audit
36. CSRC stands for????..
a) Company Social Reforms Committee
b) Corporate Social Responsibility Committee
c) Committee for Social Responsibility Commitments
d) None of these
37. ??.. is an organized movement to protect rights and powers of buyers in relation to
sellers.
a) Consumerism c) Consumer protection Act
b) MRTP Act d) Consumer courts
38. Consumer protection Act ieas enacted in the year?..
a) 1989 c) 1986
b) 1985 d) 1981
39. National Commission for consumer disputes redressal was formed in the year??
a) 1988 c) 1999
b) 2009 d) 1991
40. IRDA Act is enacted in the year?..
a) 1991 c) 1999
b) 1990 d)2009
41. Companies Act in India is administered by the??????.
a) Ministry of corporate affairs c) Ministry of Finance
b) Company law board d) SEBI
42. IDRA stands for?????.
a) Industrial Development Registration Act
b) Industries Development and Regulation Act
c) Industries De-recognition and Registration Act
d) None of these
43. Which among the following in is included in Navaratnas?
a) NTPC c) ONGC
b) BHEL d) All the above
44. ???.is the practice of fixing price by the Government
a) Administered pricing c) Floor pricing
b) Minimum pricing d) None of these
45. Practice of charging different price for a product from different markets is called??.
a) Dumping c) Differential pricing
b) Price discrimination d) Strategic pricing
46. ??.. refers to the enterprise owned and managed jointly by the Government and Private
sector.
a) Joint sector c) Joint venture
b) Public private participation d) None of these
47. Which among the following is a demerit of privatization?
a) Connivance c) Wrong labour strategies
b) Monopoly elements d) All the above
48. PSE stands for?..
a) Private sector enterprises c) Public sector enterprises
b) Private service enterprises d) None of these
49. In 1993 Government of India set up a committee on disinvestment under the
chairmanship of ?.
a) Dr. Manmohan singh c) C. Rangarajan
b) Raguram Rajan d) Y.V Reddy
50. EPZs stand for??.
a) Energy processing zones c) Export promotion zones
b) Export Processing Zones d) None of these
51. Expand MSME
a) Medium , Small and Micro Enterprises
b) Micro, Small and Medium Enterprises
c) Minimum, Small and Medium Enterprises
d) None of these
52. Ancillarisation means??.
a) Development of supporting industries
b) Setting industries to process by products
c) Integration of small scale and large industries
d) Developing industries to provide inputs
53. MRTP Act has been replaced by??. Act in 2002
a) Consumer Protection Act c) Competition Act
b) Monopoly Control Act d) None of these
54. Moral suasion is ??.. nature of credit control
a) Qualitative c) Quantitative
b) Restrictive d) None of these
55. In India finance commission is constituted in every???
a) Year c) Two years
b) Fifth Year d) Ten years
56. The Securities Contract Regulation Act was enacted in the year?
a) 1949 c) 1959
b) 1956 d) 1991
57. SEBI was constituted in the year??..
a) 1998 c) 1988
b) 2008 d) 2018
58. SEBI got statutory body status after enacting ?????..
a) Securities and Exchange Board of India Act 1992
b) Securities and Exchange board of India Act 1988
c) Securities Contract Regulation Act 1956
d) None of these
59. ILO was founded in ?.
a) 1959 c) 1969
b) 1919 d) 1949
60. ILO is headquartered at?.
a) Geneva c) New york
b) London d) New Delhi
61. Which among the following is limitation of Trade Union in India
a) Multiplicity of unions c) Outside leadership
b) Lack of integrity d) All the above
62. NDC stands for??
a) National Defense Council c) National Development Council
b) National Development Committee d) None of these
63. Which one is not the main objective of fiscal policy of India?
a) To increases liquidity in the economy c) To minimize inequalities of income
b) To promote price stability d) To promote employment opportunity
64. Which of the following denote the structural changes in Indian economy?
a) Service sector contribution has gone up. c) Secondary sector has not changed much
b) Primary sector contribution has gone down d) All the above
65. Which one is not an element of legal environment?
a) Act of Parliamentarians in Lok Sabha c) Indian Contract Act, 1972
b) Indian Partnership Act 1932 d) Negotiable Instruments Act 19881
66. Public Enterprise is defined as?..
a) An organization run by joint efforts of Centre and State Governments.
b) An organization which caters to the needs relating to public utilities.
c) An organization in which capital is invested by public.
d) An organization owned and managed by public
67. 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
a) Culture c) Environment
b) Atmosphere d) Values
68. Key actors in a business?s immediate environment include
a) Regulations c) Technology
b) Economy d) Politics
69. FEMA is a replacement to which Act?
a) MRTP Act c) FERA
b) Competition Act d) Companies Act
70. Critical success factors in the public sector usually relate to one of the following:
a) More than one stakeholder c) The expectation of service users
b) Government imposed standards d) The expectation of providers of fund
71. The first year plan was launched on??
a) 1
st
April 1951 c) 1
st
April 1955
b) 1
st
April 1952 d) 1
st
April 1960
72. What was the duration of 12
th
plan?
a) 2011-15 c) 2009-14
b) 2012-17 d) 2013-18
73. NITI in NITI Aayog stands for?..
a) National Institute for Transforming India
b) National Institute for Trade in Inida
c) National Institute for Transforming Industries
d) None of the above
74. Who is the current Chairman of NITI Aayog
a) Narendra Modi c) Nirmala Sitaraman
b) Amithab kand d) None of these
75. NITI Aayog was formed on
a) 1
st
April 2015 c) 1
st
march 2015
c) 1
st
January 2015 d) 1
st
January 2016
76. Who is the Chairperson of NITI Aayog?
a) President c) Finance Minister
b) A senior IAS Officer d) Prime Minister
77. Who represents a State in NITI Aayog Governing council?
a) State Finance minister c) Chief Minister
b) Governor d) Chief Secretary
78. Who represents a State in NITI?s Regional council?
a) State Finance minister c) Governor
b) Chief Minister d) Chief Secretary
79. NITI Aayog is headquartered in ?..
a) Delhi c) Noida
b) Chennai d) Kolkata
80. Planning Commission of India is dissolved on?
a) 1
st
January 2015 c) 17
th
August 2014
b) 1
st
April 2014 d) 15
th
August 2014
81. Who was the predecessor of WTO?
a) GATT c) GAAT
b) ITO d) UNCTAD
82. GATT was transformed into a WTO with effect from ??.
a) April 2000 c) March 1991
b) January 1995 d) April 1995
83. GATT was formed to fill up the gap of?? charter.
a) ITO c) WTO
b) IMF d) IBRD
84. MFA stands for ??
a) Multilateral Finance Agreement c) Multifibre Arrangement
b) Multilateral Federation of Agriculture d) None of these
85. Multilateral trade negotiation under GAAT is called?..
a) Rounds c) Conference
b) Council d) Discussion
86. WTO is headquartered in ??
a) Paris c) Colombo
b) Geneva d) Washington DC
87. NTB stands for?..
a) Non- trade barriers c) Non- tariff barriers
b) No trade between d) None of these
88. IMF was established in ??
a) 1950 c) 1947
b) 1948 d) 1946
89. Expand TRIPs
a) Trade relates aspects of investment property
b) Trade related aspects of intellectual property right
c) Tariff related aspects of international property rights
d) None of the above
90. ASEAN stand for??
a) Association of South East Asian Nations
b) Association of South East African Nations
c) Association of South East American Nations
d) None of these
91. Expand TRIMs
a) Tariff related investment measures
b) Trade related institutions measuring
c) Trade related investment measures
d) None of the above
92. Which is not a tariff barrier?
a) Compound duty c) Specific duty
b) Sliding Scale d) Quota system
93. Which among the following is the advanced form of economic integration?
a) Free trade area c) Economic union
b) Custom union d) Common market
94. ??.refers to the investment in a foreign country where the investor retain control over
the investment.
a) FDI c) FII
b) Portfolio investment d) Investment in GDR
95. Which of the following is not an international organization?
a) SAARC c) ADB
b) ASEAN d) CBDT
96. SAARC was established in??
a) 1995 c) 1985
b) 1972 d) 2002
97. How many members are there in SAARC?
a) 8 c) 9
b) 10 d) 5
98. SAARC is headquartered in ?..
a) Dhaka c) Delhi
b) Colombo d) Kathmandu
99. How many Members are there in BRICS
a) 4 c) 6
b) 2 d) 5
100. BRICS was established in?..
a) 2005 c) 2006
b) 2010 d) 2012
Answer Key:
1.d 2.a 3.d 4.b 5.a 6.d 7.d 8d. 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 26b.27.a28.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 43d. 44.a 45.b
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 76d. 77.c 78.b 79.a 80.c 81.a 82.b 83.a 84.c 85a. 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:-
Muhammed Salim.K.C
Assistant Professor
PG and Research Department of Commerce
Govt. College Madappally
FirstRanker.com - FirstRanker's Choice
This post was last modified on 26 December 2019