Business Environment Quiz

What are the components of Business Environment?

• All of the above

• Social and Cultural factors

• Political and Legal factors

• Technological factors

Which economic system is followed in India?

• Communism

• Mixed Economy

• Socialism

• Capitalism

What is the main objective of Industrial Policy in India?

• To promote small scale industries

• To regulate labor laws

• To control inflation

• To encourage foreign investment

Which policy is related to government's taxation and expenditure?

• Fiscal policy

• Industrial policy

• Monetary policy

• EXIM policy

What are the factors facilitating globalization in India?

• Isolationist approach

• Protectionist policies

• Cultural barriers

• Trade liberalization

What are the major challenges faced by Indian industries in the global market?

• Lack of skilled labor

• High production costs

• Language barriers

• Trade restrictions

What is the impact of globalization on the Indian economy?

• Increased competition

• Reduced unemployment

• Stagnant growth

• Isolation from global markets

How does government policy influence foreign investment in India?

• By imposing strict regulations

• By providing tax incentives

• By limiting market access

• By discouraging foreign partnerships

What are the effects of trade liberalization on the Indian economy?

• Increased competition

• Reduced unemployment

• Stagnant growth

• Isolation from global markets

How does government policy impact the growth of small scale industries in India?

• By imposing strict regulations

• By providing tax incentives

• By limiting market access

• By discouraging foreign partnerships