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Business Environment(47)

Total questions: 47

Worksheet time: 24mins

Name
Class
Date
1.

1. Liberalization means

a)

Policy of planned disinvestment

b)

Integrating among economies

c)

End of license & reduction of government control

d)

None of these

2.

Which of the following are the dimensions of the business environment:-

a)

Economic & Social

b)

Technological & Economic

c)

Legal & Social

d)

All of the above

3.

Which factor is not included in macro-environment?

a)

Economic Environment

b)

Social Environment

c)

Competitors

d)

Political Environment

4.

The income and expenditure policy of Government is called

a)

Fiscal Policy

b)

Monetary Policy

c)

Industrial Policy

d)

Trade policy

5.

In all the countries there is a free-flow of goods and services under which policy

a)

Liberalization

b)

Privatization

c)

Globalisation

d)

None of the above

6.

Privatisation of ownership through sale of equity shares is called

a)

Disinvestment

b)

Investment

c)

Contracting

7.

Relaxing the restriction and controls imposed on business and industry means

a)

Liberalisation

b)

Privatisation

c)

Globalisation

8.

By which Act government checks restrictive trade

a)

Industrial Policy

b)

FEMA

c)

MRTP

d)

FERA

9.

Advertisements of cigarettes carry the statutory warning due to

a)

Social Environment

b)

Legal Environment

c)

Political Environment

10.

The index of BSE is called as:

a)

Sensex

b)

Nifty

c)

Nasdaq

11.

The index of NSE is called as:

a)

Sensex

b)

Nifty 50

c)

Nasdaq

12.

The oldest stock exchange in India is

a)

NSE

b)

BSE

c)

OTCEI

13.

Which is not a capital market instrument

a)

Shares

b)

Debentures

c)

Treasury Bills

d)

Bonds

14.

Who is the regulator of stock exchanges in India

a)

SEBI

b)

RBI

c)

TRAI

d)

IRDA

15.

Who frames monetary policy in India

a)

SEBI

b)

RBI

c)

TRAI

d)

IRDA

16.

MRTP Act was framed in the year

a)

1969

b)

1979

c)

1959

d)

1999

17.

FERA was introduced in the year

a)

1969

b)

1979

c)

1959

d)

1999

18.

What is the current name of Planning Commission in India

a)

NITI Aayog

b)

NITI Yojona

c)

Planning for Commission

d)

Planned Commission

19.

SEZ stands for

a)

Special Entertainment Zone

b)

Special Economic Zone

c)

Special Elephant Zone

20.

Objective of WTO is to

a)

Set and enforce rules for international trade

b)

Resolve trade disputes

c)

Both of the above

d)

Only a

21.

WTO headquarters is located in

a)

New York

b)

Geneva

c)

Paris

d)

New Delhi

22.

IMF headquarters is located in

a)

Geneva

b)

Paris

c)

Washington DC

23.

Which country is not part of SAARC?

a)

India

b)

Sri Lanka

c)

Nepal

d)

China

24.

How many countries signed the GATT agreement?

a)

25

b)

23

c)

33

d)

47

25.

GATT was signed in the year

a)

1944

b)

1949

c)

1968

d)

1979

26.

_____ is the precursor of WTO

a)

NAFTA

b)

GATT

c)

EU

d)

SAARC

27.

WTO is a

a)

Permanent Institution

b)

Multilateral Agreement

c)

Multilateral Instrument

d)

Provisional Institution

28.

IBRD is also known as

a)

EXIM BANK

b)

World Bank

c)

IMF

d)

International Bank

29.

According to ______ the holdings of a country’s treasure primarily in the form of gold constituted its wealth.

a)

Gold Theory

b)

Ricardo Theory

c)

Mercantilism Theory

d)

Hecksher Theory

30.

The Theory of Absolute Cost Advantage is given by ______

a)

David Ricardo

b)

Adam Smith

c)

F W Taylor

d)

Ohlin and Heckscher

31.

The theory of comparative cost advantage is given by ______

a)

David Ricardo

b)

Adam Smith

c)

Ohlin and Hecksher

32.

…. is only a legal agreement and it is not an institution, but ______ is a permanent institution

a)

GATT, WTO

b)

WTO, GATT

c)

WTO, IMF

d)

IMF, GATT

33.

The WTO was established to implement the final act of Uruguay Round agreement of _______

a)

MFA

b)

GATT

c)

TRIPs

34.

WTO stands for ______

a)

World technology association

b)

World time organization

c)

World trade organization

d)

World tourism organization

35.

NAFTA stands for ______

a)

North African trade association

b)

North American free trade agreement

c)

Northern Atlantic trade agreement

d)

Northern association for trade

36.

IPR stands for ______

a)

Intellectual property rights

b)

international property rights

c)

Internal promotion rights

d)

Interior promotional rights

37.

The main objective of International Monetary Fund (IMF) was to

a)

Promote International trade

b)

Help economically backward countries

c)

Maintain stable exchange rates

d)

Promote international liquidity

38.

Which of the following is not an International Financial Institution

a)

ICICI

b)

IMF

c)

IDA

d)

World Bank

39.

The gains from two nations depend on

a)

Domestic barter rates

b)

Different in the domestic barter rates of the two

countries

c)

Terms of trade

d)

Degree of absolute advantage

40.

Out of the following, one is not related with WTO

a)

TRIPS

b)

TRIMS

c)

TRAI

41.

Which one is not the form of FDI?

a)

Purchase of existing assets in foreign currency.

b)

New Investment in Property, planet and equipment.

c)

Making investment is the mutual funds

d)

Transfer of many type of asset

42.

BRICS includes

a)

Bhutan, Romania, Indonesia, Chile and South Korea

b)

Brazil, Russia, Indonesia, Chila and Sudan

c)

Brazil, Russia, India, China and South Africa

d)

Britain, Russia, India, Czechoslovakia, Sri lanka

43.

Which one of the following theories says that "to export was good and to be encouraged but to import was bad and to the discouraged."

a)

Comparative cost theory

b)

The theory of Absolute Advantage

c)

Factor Endowment theory

d)

Mercantilist theory

44.

Which one is called Bretton-wood Twin's

a)

IBRD and IDA

b)

IMF and IFL

c)

IMF and IBRD

d)

IDA and IFL

45.

Foreign Exchange and Foreign currencies in India are governed by

a)

RBI

b)

FEMA ACT

c)

SEBI ACT

46.

is the sale of goods abroad at a price which is lower than the selling price of the same goods at the same time in the same circumstances at home, taking account of difference in transport costs.

a)

Dumping

b)

Tariff

c)

Anti-dumping

47.

Creators can be given the right to prevent others from using their inventions, designs or other creations is known as

a)

TRIMS

b)

TRIPS

c)

IPR

d)

GATT