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WorksheetsBusiness Environment Quiz
Total questions: 50
Worksheet time: 2hrs 40mins
Name
Class
Date
1.
Business works in isolation
a)
Yes
b)
No
c)
Can’t say
d)
None of these
2.
The theory of survival of fittest is formulated by
a)
Charles Darwin
b)
Richard Dawkin
c)
Abraham Maslow
d)
Henry Fayol
3.
The environment that surrounding the business is
a)
Micro environment
b)
Macro environment
c)
Near environment
d)
Bounded environment
4.
Macro environment is controlled by
a)
Business
b)
None
c)
Government
d)
International relations
5.
Important stakeholders in micro environment
a)
Customers
b)
Suppliers
c)
Employees
d)
All of these
6.
High GDP with low population will result into
a)
Higher expenditure
b)
High per capita income
c)
High taxes
d)
High levels of service
7.
Technological environment is
a)
Static
b)
Dynamic
c)
Rigid
d)
None of these
8.
Demographic dividend is
a)
High population of working age
b)
Low population
c)
High level of skills in youth
d)
High level of experience in youth
9.
Carbon credits related to
a)
Business responding to climate change
b)
Crediting carbon in ledger
c)
Carbon accumulation in a company
d)
None of these
10.
Culture has strong influence in
a)
Eastern countries
b)
Western countries
c)
Developed countries
d)
None of these
11.
Which of the following is correct
a)
Growth is better than development
b)
Development is the end and growth is means to
c)
Growth is the end
d)
None of these
12.
Regional disparities arise because of
a)
Negligence of some areas
b)
Lack of planning
c)
Lack of skill set
d)
All of these
13.
Normally industries prefer locations near to
a)
Source of raw material
b)
Sea
c)
Cities
d)
Mountains
14.
Software companies mainly located at some places because of
a)
Government incentives
b)
Abundant supply of man power
c)
Easy transport facilities
d)
All of these
15.
Best method for reducing regional imbalances
a)
Cluster development
b)
Concentrating at single place
c)
Incentives for people
d)
Large scale industries
16.
Normally growth of a country is measured in terms
a)
Tax growth
b)
GDP growth
c)
Revenue growth
d)
None of these
17.
Regional imbalances in India are largely due to
a)
Concentration of raw material sources
b)
Lack of education and knowledge at local level
c)
Lack of local entrepreneurship
d)
All of these
18.
Which state is number in human development in India
a)
Kerala
b)
Maharashtra
c)
Andhra Pradesh
d)
Telangana
19.
Backward areas require
a)
Financial assistance
b)
Entrepreneurial support
c)
Tax incentives
d)
All of these
20.
High economic growth means high human development
a)
Always correct
b)
Always not correct
c)
Depends on the efforts
d)
None of these
21.
Main characteristic of first stage in Rostow’s theory
a)
Industrialized society
b)
Agrarian society
c)
Service economy
d)
None of these
22.
The last stage in Rostow’s theory
a)
Drive to maturity
b)
Age of mass consumption
c)
Both
d)
None of these
23.
Consumerism is the characteristic of which stage
a)
Fifth
b)
Third
c)
Fourth
d)
None of these
24.
Planning commission
a)
Formulates the plans
b)
Approves the plans
c)
Apex body for plans
d)
None of these
25.
Approval body for plans in India
a)
National Development Council
b)
Planning Commission
c)
Prime Minister
d)
President of India
26.
Chairperson of NITI Aayog
a)
Prime Minister
b)
President
c)
Finance Minister
d)
None of these
27.
NITI Aayog’s core concept is
a)
Completion among states
b)
Cooperative federalism
c)
Federal union
d)
States’ autonomy
28.
Five year planning is a
a)
Medium term activity
b)
Long term activity
c)
Short term activity
d)
None of these
29.
Last five year plan period is
a)
12th 2012-2017
b)
13th 2017-2022
c)
11th 2007-2012
d)
None of these
30.
Planning is a
a)
Managerial function
b)
Economic function
c)
Promotional function
d)
None of these
31.
New Economic Policy was announced on
a)
24/07/1991
b)
24/08/1991
c)
23/07/1991
d)
23/08/1991
32.
Liberalization means
a)
Free trade
b)
Easing restrictions on business
c)
New rules and regulations
d)
None of these
33.
Expand EODB
a)
Ease of Doing Business
b)
Ease of Doing Banking
c)
Easy Office Database
d)
None of these
34.
Competition Act 2002 enabled
a)
Repeal of MRTP Act 1969
b)
More stringent rules
c)
Tight control over mergers
d)
None of these
35.
The policy that deals with revenues and expenditures of
a)
Monetary policy
b)
Fiscal policy
c)
Tax policy
d)
Revenue policy
36.
The agency responsible for monetary policy in India
a)
Finance Ministry
b)
RBI
c)
MOSPI
d)
Parliament
37.
Major source of revenue for Indian government is
a)
Corporation Tax
b)
Income Tax
c)
GST
d)
All of these
38.
Expenditure of creating infrastructure is
a)
Revenue expenditure
b)
Development expenditure
c)
Capital expenditure
d)
Government expenditure
39.
Privatization was done by
a)
Selling stakes in loss making PSUs
b)
Sale of partial interest in other PSUs
c)
Strategic sale of PSUs
d)
All of these
40.
Globalization is encouraged by
a)
Internet
b)
Mobile phones
c)
Computer
d)
None of these
41.
Main characteristic of Indian society
a)
Unity
b)
Social stratification
c)
Single identity
d)
None of these
42.
According to the Indian Constitution
a)
All are equal before law
b)
Equals are equal
c)
first among equals
d)
None of these
43.
Special programs being run by the government for the
a)
Vulnerable sections of the society
b)
Those who are interested
c)
All people
d)
None of these
44.
Fundamental duties are given in
a)
Article 31 A
b)
Article 41 A
c)
Article 51 A
d)
Article 21 A
45.
Fundamental right of education for 6 to 14 year olds is
a)
Article 31 A
b)
Article 41 A
c)
Article 51 A
d)
Article 21 A
46.
Apex body of legislation in India
a)
Parliament
b)
Assembly
c)
Lok Sabha
d)
Vidhan Sabha
47.
Political stability impacts the business
a)
Directly
b)
Indirectly
c)
No influence
d)
None of these
48.
Regulation of business is done by
a)
Company itself
b)
Government
c)
Outsiders
d)
Directors
49.
Too much regulation of business will cause
a)
Loss of investments
b)
Loss of employment
c)
Regional imbalances
d)
All of these
50.
The best type of regulation is
a)
Self regulation
b)
Industry regulation
c)
Government regulation
d)
None of these
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