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WorksheetsBusiness Environment
Total questions: 75
Worksheet time: 38mins
The term "Business Environment" refers to
a) Internal factors
b) External factors
c) Both a and b
d) None of the above
Which of the following is not a component of the micro environment?
a) Customers
b) competitions
c) Demographic factors
d) suppliers
Legal environment includes:
a) Attitudes of government
b) Judicial system
c) Customary practices
d) Employee behavior
Liberalization refers to:
a) Restriction of trade
b) Free flow of capital
c) Reduction in government control
d) Increase in subsidies
Privatization means:
a) Expansion of public sector
b) Sale of private firms to government
c) Transfer of ownership from public to private
d) Nationalization
Which organization formulates monetary policy in India?
a) Finance Ministry
b) SEBI
c) RBI
d) NITI Aayog
FDI stands for:
a) Foreign Direct Investment
b) Fixed Deposit Investment
c) Foreign Domestic Investment
d) Financial Development Index
Economic environment includes
a) Literacy rate
b) Income Level
c) pollution control
d) Fashion trends
WTO was established in ____
a) 1947
WTO was established in:
b) 1985
c) 1991
d) 1995
Demographic factors include:
a) Laws
b) Technology
c) Population
d) GDP
Business environment is multidimensional because:
a) It has only legal components
b) It is easy to understand
c) It includes various forces
d) It changes quickly
A major role of NITI Aayog is to:
a) Provide loans
b) Regulate industries
c) Provide policy advice
d) Control inflation
________ is also known as Mega Environment.
Micro Environment
Internal Environment
Operating Environment
Macro Environment
The Macro Environment which studies changes in features of population is:
Demographic Environment
Cultural Environment
Economic Environment
Natural Environment
Among following which is an element of Micro Environment?
Political
Competitor
Economic
Cultural
What is an example of a cultural trend that created a business opportunity?
Increased awareness of health and fitness
Growing emphasis on individualism
Rising popularity of social media
Preference for online shopping
What is the approximate number of languages spoken worldwide?
A few hundred
A few thousand
Nearby ten thousand
Around seventy thousand
Cultural differences can necessitate changes in:
Production processes
Marketing strategies
Procurement process
Recruitment procedure
Companies can reduce the impact of cultural shock on their operations by:
By reformulating their marketing mix (4Ps)
By providing cultural sensitivity training to employees
By focusing on short-term business contracts
By prioritizing online communication methods
A boom period in the economy typically leads to:
A rise in demand
More corporate failures and higher unemployment
A decrease in purchasing power for individuals
Decreased profits for businesses
All features of __________ are reflected in Totalitarianism.
Democracy
Authoritarianism
Aristocracy
Monarchy
. Businesses can support government initiatives by:
Avoiding corporate social responsibility
Maximizing profits without considering social impact
Engaging in voluntary programs like disaster relief
Ignoring environmental concerns
NITI Aayog was constituted in which year?
2020
2017
2015
2018
Who is responsible for administering the Companies Act and the Limited Liability Partnership Act?
EXIM Bank
Ministry of Finance
Reserve Bank of India
Ministry of Corporate Affairs
Policy holder's interest is protected by:
Ministry of Corporate Affairs
Insurance Regulatory and Development Authority of India
Capital market
Export Import Bank of India
Natural environment is also known as:
External environment
Demographic environment
Social environment
Physical environment
The shape of Technology Life Cycle is:
U-Shaped
S-Shaped
Bell Shaped
Bimodal Shaped
Among following which is a plant-level technology implication of technology transfer?
Productivity
Organisation structure
Regulations
Technostructure
Carbon Emission Accounting estimates amount of :
greenhouse gas emissions
carbon offset
carbon fluoride emissions
carbonate emissions
Every company should have at least ___________ director(s) residing in India to ensure availability with regard to the accountability of the Board.
Three
One
Five
Ten
'CPCB' stands for:
Central Population control Board
Creative Packaging Coaching Board
Central Pollution Control Board
Central Pollution Capital Base
Which agreement was signed in 1947 by 23 countries?
GATT
GATS
WTO
TRIPs
Identify the lowest level of economic integration amongst following:
Political Union
Customs Union
Economic Union
Custom Market
The social environment of a country includes:
Inflation rate
Cultural norms
Monetary Policies
Fiscal Policies
Which of the following is a part of the cultural environment?
Climate Change
Demographic structure
Values and Beliefs
Foreign trade
A country’s aging population is primarily a part of its:
Political environment
Cultural values
Demographic environment
Economic strucuture
High-context cultures rely more on:
written contracts
Direct communication
Explicit verbal messages
Non- Verbal cues and relationships
Which of the following is a social institution influencing the business environment?
Climate
Education
Interest rate
INfrastructure
Which of the following is a social institution influencing the business environment?
Climate
Education
Interest rate
Infrastructure
. A multicultural society means:
A society with only one dominant culture
A society with people of different cultural background
A society that promotes nationalism
A society based only on Western values
Family structure in a society is a part of:
Political system
Economic system
Social Environment
Technological system
Social mobility in a society refers to:
People moving from one country to another
Individuals moving within social classes
Geographic movement
Rise in technological awareness
The impact of social media on cultural values is an example of:
Economic integration
Political interference
technological innovation only
Cultural change
Which of the following is a macro-economic factor?
Consumer preference
Income of an individual
National Income
Brand loyalty
Fiscal policy refers to:
A) Central bank interest rate
Central bank interest rate policy
Government taxation and expenditure policies
Policies related to imports and exports
currency regulation policies
Monetary policy is primarily controlled by:
the president
The Finance Ministry
The Central Bank
The Planning Commission
Which of the following is an indication of economic development?
Population size
Birth rate
Per Capital Income
Geographical size
Which economic system allows private ownership and profit motive?
Socialist
Capitalist
Communist
Feudal
What is inflation?
Decrease in money supply
Increase in Unemployment
sustained rise in general Price level
Increase in exports
The Human Development Index (HDI) does not include:
A) Life expectancy
B) Education level
C) GDP growth rate
D) Income level
Which of the following is considered part of the informal sector of the economy?
A) Banking
B) Street vendors
C) Manufacturing companies
D) Insurance
Balance of payments records:
A) All internal revenue
B) Transactions of currency within the country
C) All economic transactions between a country and the rest of the world
D) The national budget
. A developing economy is characterized by:
A) High industrialization
B) Low per capita income
C) Low population growth
D) High literacy
Which sector is known as the backbone of an economy?
A) Primary sector
B) Tertiary sector
C) Secondary sector
D) Agricultural sector
In a mixed economy, resources are allocated through:
A) Market mechanism only
B) Government control only
C) Both market and government
D) None of the above
The main objective of economic planning is:
A) Military growth
B) Political stability
C) Balanced regional development
D) Population control
Which of these is not a feature of a capitalist economy?
A) Private ownership
B) Government monopoly
C) Free enterprise
D) Profit motive
A rise in national income leads to:
A) Decrease in employment
B) Improvement in living standards
C) Increase in taxes
D) More imports only
What does GDP measure?
A) Value of imports and exports
B) Total market value of goods and services produced in a country
C) Per capita income only
D) Government revenue
Economic planning refers to:
A) Free market functioning
B) Government’s strategy to achieve economic objectives
C) Pricing policy
D) Budget allocation
India adopted economic planning in the year:
A) 1947
B) 1950
C) 1951
D) 1961
. The Planning Commission in India was established in:
A) 1948
B) 1950
C) 1952
D) 1965
The First Five-Year Plan focused on:
A) Industry
B) Services
C) Agriculture
D) Education
The Second Five-Year Plan was based on:
A) Nehru Model
B) Bombay Plan
C) Mahalanobis Model
D) Keynesian Model
NITI Aayog stands for:
A) National Institution for Transforming India
B) National Integration for Total Innovation
C) New Indian Technology Institute
D) None of the above
Who is the Chairperson of NITI Aayog?
A) Prime Minister of India
B) Finance Minister
C) President of India
D) RBI Governor
NITI Aayog replaced:
A) Finance Commission
B) Ministry of Planning
C) Planning Commission
D) Industrial Policy Council
Economic development includes:
A) GDP growth only
B) Industrial growth only
C) Economic growth with improvement in quality of life
D) Increase in exports
The HDI is published by:
A) World Bank
B) IMF
C) UNDP
D) WTO
Which of the following is not included in HDI?
A) Life expectancy
B) Per capita income
C) Literacy
D) Poverty rate
Which of the following is used to measure poverty?
A) GDP
B) BPL
C) HDI
D) GNP
The term “jobless growth” refers to:
A) Growth with inflation
B) GDP growth without corresponding employment growth
C) Growth in rural jobs
D) Decline in informal sector
MGNREGA guarantees how many days of employment?
A) 100
B) 120
C) 150
D) 200
“Make in India” is related to:
A) Service sector growth
B) Financial inclusion
C) Manufacturing sector promotion
D) Agricultural subsidies
The “Skill India” mission aims to:
A) Train workers in government jobs
B) Promote higher education
C) Develop vocational and technical skills
D) Improve banking services
