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 Question
Which among the following is not opened for private sector participation?

Globalisation is the term used to describe process of removal of restriction on ____

Which among the following is not the instrument of monetary policy?

In India liberalization and privatization began from____
Which of the following is NOT a factor that affects the economic environment of a
business?

Inflation can impact businesses in various ways. Which of the following is NOT an
impact of inflation on businesses?

Which of the following is an example of a fiscal policy that the government can use to
influence the economy?
Which of the following is an example of a trade barrier that can limit international
trade?
Which of the following is an example of a microeconomic factor that affects
businesses?
Which of the following is an example of an external economic factor that can impact
businesses?

Which of the following is NOT a key factor of macroeconomic environment?

Which of the following is an example of a commodity?

What is the process of expanding economic connections between countries called?

Which of the following is an example of a company that has benefited from
globalization?

Which of the following is a potential benefit of liberalization?

Which of the following is an example of a trade agreement designed to promote

globalization?

Which of the following is a potential benefit of privatization?

What is the process of reducing government restrictions on trade and economic
activity called?
Which of the following is a type of economic system in which the government
controls almost all aspects of production and distribution?
Which of the following is a type of market structure in which a single company
dominates the market?

Which of the following is an example of a political risk that businesses may face?

Who among the following is not a part of legislature?

Which among the following is not a type of economy?

Which of the following is the highest court in India?

Who formulates the fiscal policy of India?

Which of the following is not a form of tax in India?

What is industrial policy?

What is the objective of the Make in India campaign?

What is the main aim of the Industrial Policy of India?

What is the primary objective of fiscal policy?

Who is responsible for the administration of Union Territories in India?

Where is the Supreme Court of India located?

Which of the following is the correct hierarchy of the Indian judicial system?

Who is the head of the judiciary in India?

Where is Parliament of India located?
Which among the following is not a part of Judiciary?
Which of the following is the upper house of the Indian parliament?
How many houses are there in the Indian parliament?
Business Envrionment can be_________
External Envrionment doesn't include
The factors that are firm specific and affects one particular firm only, are called
________factors
Management policy for quality will be part of _____ Envrionment
Which of the following is an Macro Envrionment Factor?
Which of the following factors is controllable?
Which of the following factors is uncontrollable?
The factors which are not firm specific and affect all the business entities more or
less, are called ________factors
Which of the following is/are the feature/s of business envrionment?
Which of the following is not the feature of business envrionment?
What is SWOT?
Which of the following combinations of variables under SWOT is intenal?

Which of the following combinations of variables under SWOT is external?

The probable circumstances which can result into success or benefits are called_____

The probable circumstances which can result into failure or loss are called_____
The inherent compentence and capabilties of the firm are called
The inherent incompentence,limitations and shortcomings of the firm are called
An exercise to analyse the envrionment with a view to get some useful information
is called
Envrionment Scanning is useful in _____
The set of factors that surround the business and affect the functioning of business
is called _____
Which of the following is/are the objectives of business envrionment?
Which of the following is not a strength of Business Organization?
Which of the following is/are socio-cultural variables?
Because of the increasing number of nuclear families, the FMCG companies are
introducing products in small size and quantity? Which factor is responsible for it?
A company launches a special wedding collection for bride and groom. Which variable
is responsible for this move?
Social envrionment affects which of the following decisions?
 A language is _____variable
Which of the following is/are cultural variables?
Which of the following is not a cultural variable?
Monuments are _____variables

NGT stands for ______

Introducing new vehicle with less pollution/emission of toxic gases shows the
infunence of_____

Which of the following is/are the the acts framed for curbing the envrionment
pollution?

Festival Sales are the examples of _____environment

A ________ environment is a set of beliefs, practices, customs and behaviors that
are found to be common to everyone that is living within a certain population
Increasing participation of Women in work force is thankful to changing
_______envrionment
ChatGpt is an example of____environment
Increasing use of Electic vehical is an example of _______environment variable
Packaging in multiple language is effect of _______envrionment
FDI comes under ______envrionment
Which of the following Acts is related to foreign exchange related dynamics?
Which of the follwing comes under technological environment?
Which envrionment is more critical for the company like Apple?
GDP, Inflation, Poverty and umemployment will come under_____envrionment
Industrial Disputes Act, Gratuity Act ect will come under

____________ economy is owned or managed by the government NOT owned by

private individuals

Which of the following best describes the concept of corporate social responsibility
(CSR)?

Which of the following is not an example of a stakeholder for a business?

Social Stratification is done on the basis of
Which of the following is not an essential feature of social environment?

One of the benefits of consumer protection regulations is:

The Stakeholder Model emphasizes that businesses should:

Which is the position taken by the companies which believe in deep obligation to
serve the society.

According to the Stakeholder Model of Business, stakeholders of a company can

include:

Under Socialism the tools of production are managed by ______________.

One of the benefits of businesses to society is:

How do businesses contribute to societal development?

Consumer protection laws aim to:

Which of the following is a key objective of consumer protection laws?

Consumer Protection Act is significant to

How many rights does a consumer have under the Consumer Protection Act?

The consumer has the right to get compensation against unfair trade practices under
right to

Effective implementation of CSR can lead to:

Right to _____ is a right to be protected against products which are hazardous to

life or health

Which of the following are the ways and means of consumer protection?

Which of the following does the term Corporate Social Responsibility relate to?

Who are organisational stakeholders?

Businesses can contribute to society by:

How do businesses contribute to government revenue?

What is meant by the phrase CSR?

The right of a consumer to have access to accurate and truthful information about a
product is known as the right to:
The right of a consumer to be protected against hazardous products is known as the
right to:
Which of the following is not one of the underlying principles of the corporate
Governance combined
code of practice?

The right of a consumer to select from a range of products and services at

competitive prices is known as the right to:
Which of the following is not a type of intellectual property?
What is the purpose of intellectual property laws?

The Competition Act is a legislation that aims to:

Copyright infringement can result in:

Which type of intellectual property protects original works of authorship?
Which of the following is a requirement for trademark protection?

What is the purpose of a trade secret?

Copyright infringement occurs when someone:

What is the difference between a copyright and a trademark?

Which type of intellectual property protects valuable, confidential business information

How has technology impacted the way businesses operate?

Technology plays a crucial role in business by:

How has technology changed the way businesses market their products?

What impact has technology had on the way businesses communicate with their cust

How has technology impacted the way businesses manage their finances?

Technology can help businesses improve customer service by:

The purpose of copyright is to:

Copyright is a legal protection that grants exclusive rights to:

A trademark is a form of intellectual property that protects:

Trademark registration grants the owner:

Trademark infringement occurs when:

What is the term used for the process of converting one currency into another?
The implementation of technology in business processes can result in:

Technology has revolutionized marketing and advertising by:

Which of the following is an example of a technological factor that can affect an organi

Which of the following is a potential impact of rapid technological change?

Which of the following is a way that technology can change the competitive
landscape of an industry?
Which of the following is an example of a technology that has had a significant
impact on businesses in recent years?

Which of the following is an example of an organization investing in research and

development to maintain a competitive edge?

Technology has transformed the customer experience by:

What does BIS stand for?

ISO standards provide guidelines and requirements for:

What does ISO stands for?

Penalties for violating the Competition Act can include:

Which of the following is an example of an anti-competitive practice?

The purpose of the Competition Act is to:

The Competition Act is enforced by:

The Competition Act prohibits:

16UBM622-BUSINESS ENVIRONMENT-K1 Questions

Multiple Choice Questions UNIT-I
1. In which of the following basic categories can business environment be divided?
A. Local and Regional
B. Regional and National.
B. External.
C. Micro.
D. Macro.
B. external.
C. micro.
D. macro.
C. demographic.
D. economic ANSWER: C
13. IN which year the essential commodities act introduced      .
A. 1954.
B. 1955.
C. 1956.
D. 1957. ANSWER: B
14. Which is the one not included in national culture?
A. Language.
B. Internet.
C. Belief.
D. Attitude.
ANSWER: B
15. Culture spreads from one place to anther and such transmission is called as                 .
A. difference.
B. reputation.
C. adoption.
D. heritage.
ANSWER: A
16. An attitude composed of effect        .
A. flextime.
B. cognition.

C. relationship.
D. culture. ANSWER: B
17. What is the main occupation of Kshatriyas?
C. value environment and attitude.
D. Responsibilities. ANSWER: A
UNIT-II
21. Corporate values are the                of the corporate sector.
A. shared values.
B. moral beliefs.
A. 1964.
B. 1989.
C. 1986.
B. ethics.
C. education.
D. wealth.
B. 1971.
C. 1981.
D. 1947. ANSWER: C
C. Labour.
D. Finished goods. ANSWER: B
37. India is good example for                 economy.
A. socialist.
B. mixed .
C. capitalist.
D. communist.
ANSWER: B
38. Business includes           .
A. non-economic activities.
B. economic activities.
C. social activities.
D. production activities.
ANSWER: B
39. What is the single word that can best describe today s business?
A. Technology.
B. Profit Making.
C. Change.
D. People.
ANSWER: C
40. Is the modern business dynamic?
A. mass production.
B. mass marketing.

C. mass sales.
D. mass purchase. ANSWER: A
UNIT-III
41.A valid definition of a business purpose is to               .
A. create a customer.
B. maximize profits.
B. Business ethics.
C. Business.
D. Society.
C. Human objective.
D. Maximize suppliers. ANSWER: A
49. The following statement with respect to culture is false.
C. Information.
D. Globalization. ANSWER: A
53. What are the elements of business environment?
D. Public, middlemen, consumers & competitors.
ANSWER: D
57.                refers to all forces which have an economic impact.
ANSWER: C
61. Porter s model represents the relationship between               .
A. organizational and environment.
B. society and environment.
C. organization and society.
D. society and industry. ANSWER: A
62.                 environment refers to all economic factors which have a bearing on the functioning of a business.
A. Economic.
B. Technological.
C. Natural.
D. Social.
ANSWER: A
UNIT-IV

63.Capitalism stresses the philosophy of individualism believing in private Ownership comes under         .
A. legal planning.
B. soviet planning.
C. government planning.
D. agricultural planning.
ANSWER: A
64. In which year socialism the tools production are not managed by government?
A. 1952.
B. 1950.
C. 1951.
D. 1953. ANSWER: B
65. In capitalism          losses assumed by the customers.
ANSWER: A
69. Has the per capita income increased or decreased from 1980 to 2009     _.
A. increased.
B. decreased.
73. Industrial policy was set up in the year             _.
A. 1955.
B. 1956.
UNIT-V
77.In some circles, a multinational corporations is also referred to                         .
A. multinational collaboration .
B. multinational entity.
ANSWER: A
81. GNP stands for                                            
A. Gross National Product
85. In privatization SIP refers to               .
A. Share issue privatization.
B. Shares in privatization.
89 is the process of analyzing the environment for the identification of factors which have
impact on or have implication for the business.
A. Assessment
B. Forecasting
C. Scanning
C. Theocratic law.
D. Hindu law. ANSWER: D
94. A mixed economy is necessarily a           .
C. inflow of FDI
D. outflow of FDI ANSWER: B
98. The taking over of a private firm by the host country government to be run it as a government unit is
            .
A. expropriation.
B. confiscation.
C. nationalisation.
D. domestication ANSWER: C

99. Who is responsible for presenting the Union Budget before the Parliament?
A. Prime Minister
B. Finance Minister
C. RBI Governor
D. none of the above ANSWER: B
100. The goods and the services produced, priced and distributed by the government is       .
A. Market economy.
B. Secular economy.
C. Command economy.
D. Mixed economy. ANSWER: C

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 A B C
Railways Telecommunication Sector Education Sector

Investment Foreign Trade Both A & B

Cash Reserve
Deficit Financing Statutory Liquid Ratio
Ratio
1971 1981 1991
Government
Economic
policies Socio-Cultural Factors
Conditions

Increase in
Increase in Decrease in demand for goods
consumer
production costs and services
purchasing power
Increasing
Reducing taxes Reducing interest rates government
spending
Free trade
Tariffs Globalisation
agreements
Changes in the Government
Changes in consumer behavior
global economy regulations
Changes in
Changes in Changes in management
government
company culture practices
regulations
Economic growth Price stability Full employment
Stock in a
Real Estate Oil
company
Liberalisation Privatisation Nationalisation

Toysrus McDonalds PVR Cinemas

Increased
Greater access to
government Increase in inflation
foreign markets
regulation
The North
American Free
The European Union (EU) United Nations
Trade Agreement
(NAFTA)
Increased
Greater efficiency
government Lower taxes for citizens
and innovation
control
 Globalisation Privatisation Nationalisation

Capitalism Socialism Communism

Perfect
Monopoly Oligopoly
Competition
Changes in Changes in
Changes in government
consumer technological
regulations
demand innovation
Minister of Road Transport & Chief Justice of
Prime Minister
Highways India
Capitalist Mixed System
Socialist Economy
Economy Economy
High Court District Court Consumer Court
Ministry of Health
Ministry of Home Affairs Ministry of Finance
& Family Welfare
Income Tax Corporate Tax GST
The policy related
The policy related
to taxation and The policy related to foreign
to industrial
government trade
development
spending
To promote
To promote more
foreign To promote foreign trade in
imports in the
investment in India
country
India
To promote
To promote
To promote agriculture growth growth in
economic growth
education sector
To increase
To stabilize the To promote foreign
government
economy investment
revenue
State Supreme Court of
Central Government
Government India
New Delhi Delhi Jaipur
District Court > Supreme Court >
High Court > District Court >
High Court > District Court >
Supreme Court
Supreme Court High Court
Chief Justice of
President of India Prime Minister of India
India
Delhi New-Delhi Mumbai
Chief Justice of
Judges of High Court President of India
India
Panchayat Sabha Vidhan Sabha Lok Sabha
One Two Three
External Internal Both
Management
Micro Macro
Values
Micro Macro External
Internal Macro Micro
customers Political Suppliers
Internal Macro Micro
Macro External Micro
Macro Micro Internal
Uncertain Complex Dynamic
Simple Complex Dynamic
A Policy An Organisation Analysis Tool
Opportunities and Weakness and
Strength and Weakness
Threats Opportunity
Opportunities and Weakness and
Strength and Weakness
Threats Opportunity
Opportunities Strength Weakness

Opportunities Strengths Weaknesses

Opportunties Strengths Weaknesses
Opportunties Strenghts Weaknesses
Envrionment
Research Survey
Scanning
Distribution
Product Decision Marketing Decision
Decision
Business
Business Cicumstances Business Customs
Envrionment
Survival Growth Profit
Good Financial High Labor
High Profit
Position Turnover
Social Values All of these Social Customs

Social Political Legal

Social Political Legal

Promotion
Product Decision Price Decision
Decision
 cultural economical envrionmental
Food Dance Festivals
Food technology Festivals
social political cultural
National
National Green
Goverenance New Green Tribunal
Tribunal
Tribunal
Economical Social
Ecological Envrionment
envrionmental Envrionment
The Air
(Prevention and
Control of
Pollution) Act, The Water (Prevention and The Environment
1981 Control of Pollution) Act, 1974 Protection Act, 1986
cultural Ecological Technical

Economical Cultural Technical

economical cultural social

Social Cultural Technical
Social Cultural Internal
Social Cultural Political
Social Global Cultural
RERA FEMA MRTP
Innovation New Patents Inventions
Social Cultural Technological
Economical Cultural Technological
Economical Technological cultural
Social
Capitalist Mixed

Incorporating
Maximizing
social and
shareholder Conducting business activities
environmental
wealth at all within legal boundaries
concerns into
costs
business practices
Employees Shareholders Suppliers

Income level Caste Education

Competitiveness Better quality
Respect for the individual
of life

Higher prices for Improved product

Limited product variety in the
goods and quality and safety
market
services standards
Primarily focus
Take into account
on maximizing Prioritize the interests of
the interests of all
shareholder customers above all else
stakeholders
wealth
Social
contribution.
Social obligation. CSR.

Both internal and

Only the external groups
Only the employees
shareholders with an interest in
the company
public.
employees. owners.

Increased income Job creation and

Environmental degradation
inequality economic growth
By fostering
By promoting
By hoarding resources and innovation and
unethical
wealth technological
practices
advancements
Restrict Regulate unfair or
Prevent businesses from
consumer access deceptive business
providing warranties
to information practices
Promoting unfair
Reducing consumer choices in Ensuring product
business
the market quality and safety
practices
Immovable
Goods
Movable Goods
Particular Goods
and Services
 8 6 4

Right to be heard
Right to choose Right to Safety

Ignoring the Improved long-

Worsening social and
interests of term sustainability
environmental problems
stakeholders for businesses

Seek Redressal
Information Consumer
Education
Business
Self-regulation by the
associations Government
business
Ethical
Environmental practice Community
conduct
investment
Government
Employees. Customers

Ignoring ethical
Exploiting
Creating a positive impact considerations and
workers and
through corporate social engaging in
violating labor
responsibility initiatives fraudulent
laws
activities
By avoiding taxes By paying taxes
By burdening the government
and engaging in and generating tax
with financial liabilities
tax evasion revenue

Corporate Social Company Social

Corporate Society
Responsibility Responsibility
Responsibility

Information Safety Choose

Information Choose Basic Needs

Accountability Openness Acceptability

Choose Safety Information

Patents Trademarks Trade secrets
To promote the To limit the
progress of To protect the financial availability of new
science and interests of inventors and ideas and
useful arts creators creations

Regulate and
Promote promote fair
monopolies in the Restrict consumer choices and competition
marketplace competition among businesses

Civil penalties, Revocation of copyright

such as monetary protection for the infringing Heavy monetary
damages work penalties
Patents Trademarks Copyrights
Novelty Non-obviousness Utility

To prevent others
from using or
disclosing
valuable To register and protect a To prevent others
confidential company's brand name and from using a
information logo patented invention

Uses copyrighted Shares

works without Creates derivative works copyrighted works
permission or based on copyrighted for educational
authorization materials purposes

Copyrights
protect original Copyrights protect
works of inventions, while
authorship, while Copyrights protect brand trademarks
trademarks names and logos, while protect original
protect brand trademarks protect original works of
names and logos works of authorship authorship
Patents Trademarks Copyrights
It has had no
It has made them impact on their
more efficient It has made them less efficiency and
and productive efficient and productive productivity
 Enabling
Increasing efficiency,
bureaucratic innovation, and
processes and Creating new barriers to entry competitive
paperwork for startups advantage
It has made It has made
traditional traditional
marketing It has had no impact on the marketing
methods less effectiveness of traditional methods more
effective marketing methods effective

It has made It has made

communication It has had no impact on communication
more difficult and communication with easier and more
less frequent customers frequent

It has made it It has made it

more difficult to It has had no impact on the easier to manage
manage finances way finances are managed finances

Decreasing Limiting
response time communication
and accessibility Reducing the need for channels and
to customer personalized and customized options for
queries solutions customers
Restrict fair use of
Limit access to Encourage creativity and copyrighted
creative works innovation materials
Patents Trademarks Trade secrets
Inventions Creative works Trade secrets

Protection against
all forms of
Unlimited control intellectual
over the use of a Exclusive rights to use the property
word or phrase trademark indefinitely infringement

Two trademarks One trademark is

look similar but used without
are used for Two trademarks are registered permission from
different goods or by different owners in the trademark
services different countries owner
Currency
Currency trading Foreign exchange exchange
Slower decision-
making and Enhanced
operational Increased costs and reduced communication
inefficiencies productivity and collaboration

Limiting the Enabling targeted

reach and ads, data-driven
targeting Decreasing the effectiveness analytics, and
capabilities of of personalized marketing real-time customer
businesses campaigns insights
Demographic Availability of
changes Economic policies skilled labor
Increased
Increased investment in
government research and
regulation Decreased competition development
By increasing the By creating new
cost of By decreasing the efficiency of opportunities for
production operations innovation
The printing
press The telephone The internet

A company
introducing a new A company cutting costs to A company hiring
product line increase profitability more salespeople

Enabling self-
Limiting access to service options,
products and Decreasing customization and personalized
services through personalization options for recommendations,
digital platforms customers and 24/7 support
Bureau of Indo-
Bureau of Indian Bureau of International American
Standards Standards Standards
Quality
Information management
security Environmental management systems
International International
Standards International Systematization Organization for
Organization Organization Standardization
Imprisonment of
Financial fines Removal of business licenses business
and sanctions and permits executives
Price
transparency and Collusion and bid-
fair advertising Market research and analysis rigging

Prevent anti-
Eliminate all competitive
forms of practices and
competition in Restrict the entry of new protect consumer
the market businesses into the market welfare

Competition
Consumer authorities or
advocacy groups Business associations regulatory bodies
Collaborative
Competitive business
pricing strategies Market research and analysis partnerships
 D Answer
Power Sector A

None of the above C

Open Market Operation A

2001 C

Technological changes B

Increase in interest rates C

All of the above D

Multinational corporations B

Changes in technology B

Changes in company structure C

Profit maximization D

Patent C

Globalisation D

Inox B

Decreased Competition C

World Health Organisation A

Reduced Competition C
 Inflation A

Mixed Economy C

Free Market B

Changes in product prices B

Minister of Health and Family

C
Welfare
Large Economy D
Supreme Court D

Ministry of Defence C

Food Tax D

The policy related to monetary

C
system

To promote domestic
D
manufacturing in India

To promote growth in service

A
sector

To promote industrial growth A

High Court of the state B

Mumbai A
Consumer Court > High Court
A
> District Court

Speaker of Lok Sabha C

Chennai B
Judges of District Court C
 Rajya Sabha D
Four B
None C
None C

All the above A

All the above A
Creditors B
External A
None D
All the above A
All the above D
Relative A
An Act C
Strength and Opportunity B

Strength and Opportunity A

Threats A

Threats D
Threats B
Threats C

None C

All the above D

Business World A
All the above D
Goodwill C
Social Systmes B

Ecological A

Ecological A

All the above D

 political A
All the above D
Dance B
demographic C

New green technology C

None B

All the above D

International A

All the above D

none C
Ecological C
Ecological D
Technical B
All the above B
All the above B
All the above D
Ecological C
Ecological A
Legal D

Macro A

Achieving high profitability

through aggressive marketing C
tactics

General Public D

D
All of the Above
 D
Bailment

Increased barriers to entry for

C
new businesses

Only consider the interests of

the government and regulatory C
bodies

Social response. C

Only the customers C

government. D

Social exclusion and isolation C

By causing social unrest and

C
conflicts

Promote monopolistic behavior

C
in the market

Granting businesses unlimited

C
pricing power

All Goods and Services D

 5 B

Right to seek redressal D

Inequitable distribution of
C
resources and wealth

Safety D

D
All of these

All of the Above D

All of the above D

Undermining consumer rights

B
and protection

By promoting corruption and

C
bribery

Company Society Responsibility A

Healthy Environment A

Safety D

Integrity C

Consumer Education A
Inventory control D
 A
To discourage innovation and
competition

C
Protect businesses from foreign
competition

D
All of the Above
Trade secrets C
Use in commerce D

To provide exclusive rights to

an original work of authorship

A
Discloses trade secrets
belonging to another party

Copyrights protect confidential

information, while trademarks
protect trade secrets
Trade secrets D

A
It has had no impact on
customer experience
 C
Decreasing reliance on digital
platforms and systems

A
It has made communication
easier and more frequent

. It has made it easier for C

businesses to provide better
customer service

C
To prevent others from using a
patented invention

A
Ignoring customer feedback
and preferences

Promote monopolistic control B

over creative industries
Original creative works D
Business Logos & Brands D

D
Legal recourse against
unauthorized use of the
trademark

C
One trademark is used
exclusively within a specific
industry
C
Money exchange
 C
Limited access to global
markets

C
Eliminating the need for social
media platforms and digital
advertising
D
Advances in technology

D
Obsolescence of products and
services

By reducing the importance of C

customer satisfaction
C
The steam engine

A
A company building a new
factory

C
Eliminating the need for
businesses to gather and
analyze customer feedback

None of the above A

All of the Above

International Safety Organizatio C

All of the Above A

Innovation and product
development C

Encourage price-fixing
agreements among competitors C

Intellectual property organizatio C

Exclusive dealing arrangements D