Business Environment

Relaxing the restrictions and controls imposed on Business and industry means

• Globlization

• Liberalization

• Privatization

• None of the above

In India, Liberalization & privatization began from----

• 1991

• 1950

• 1981

• 1971

Globalization is the term used to describe process of removal of restriction on------

• Foreign Trade

• Investment

• Both (a) and (b)

• None of the above

Just after the declaration of the results of the Lok Sabha Elections, 2009, the Bombay Stock Exchange’s price index (Sensex) rose by 2100 points in a day. Identify the environmental factor which led to this rise?

• Legal Environment

• Political environment

• Social Environment

• Economic Environment

Which of the following is a part of the business environment ?

• Customers

• Suppliers

• Competitors

• All of the above

Which of the following is not a component of specific forces of business environment?

• Technological conditions

• Customers

• Employees

• Investors

The growing awareness about healthcare has led to an increase in the demand for healthcare products and services in the country. Identify the feature of business environment being described in the above case.

• Dynamic nature

• Uncertainty

• Relativity

• Interrelatedness

A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.

• Increasing competition

• More demanding customers

• Necessity for change

• Market orientation

Which of the following is a feature of demonetisation?

• Tax administration measure

• Channelising savings into the formal financial system

• Development of less-cash economy

• All of the above

In order to boost and double India’s export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate, bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.

• Social dimension and Legal dimension

• Technological dimension and Political dimension

• Political dimension and Social dimension

• Economic dimension and Legal dimension