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3.1 Business Environment and Strategy (BES) (Section - A)

Introduction to Business Environment

01 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Acquiring new customers is the ________ objectives of a business.

Response: [none]

Correct answer: Economic

Score: 0 out of 1 No

Question 2
Automation, research and development, technology awareness, etc. are the:

Response: [none]

Correct answer: Technological factors

Score: 0 out of 1 No

Question 3
Preventing malpractices such as hoarding, black marketing overcharging and puffery comes under the ________ objectives of a business.

Response: [none]

Correct answer: Social

Score: 0 out of 1 No

Question 4
Which of the following is a non-economic activity?

Response: [none]

Correct answer: A man washing his own house

Score: 0 out of 1 No

Question 5
Which objectives are meant for protecting the interests of employees and ensuring their welfare?

Response: Economic objectives

Correct answer: Human objectives

Score: 0 out of 1 No

Question 6
Which of the following does not come under the scope of business?

Response: [none]

Correct answer: Promotes personal interests by sponsoring trade shows, etc. in the country

Score: 0 out of 1 No

Question 7
Which of the following does not come under the internal environment of a business organisation?

Response: [none]

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3/22/23, 12:50 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Correct answer: Constitutional framework

Score: 0 out of 1 No

Question 8
Availability of natural resources is a:

Response: [none]

Correct answer: Environmental factor

Score: 0 out of 1 No

Question 9
Paying taxes and duties are the:

Response: [none]

Correct answer: National objectives

Score: 0 out of 1 No

Question 10
Suppliers, intermediaries and competitors come under the:

Response: Political environment

Correct answer: Micro environment

Score: 0 out of 1 No

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3/22/23, 12:56 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
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3.1 Business Environment and Strategy (BES) (Section - A)

Environmental Scanning and Micro Business Environment

02 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
External elements that may provide a competitive edge to a company are referred to as which of the following?

Response: Opportunities

Correct answer: Opportunities

Score: 1 out of 1 Yes

Question 2
It is a tool that can assist you in analysing what your organisation does best right now and developing a successful future strategy. Name it:

Response: SWOT Analysis

Correct answer: SWOT Analysis

Score: 1 out of 1 Yes

Question 3
An organisation’s internal and external environments are __________.

Response: Intertwined

Correct answer: Intertwined

Score: 1 out of 1 Yes

Question 4
An action taken by management to achieve one or more of the organisation’s objectives:

Response: Evaluation

Correct answer: Strategy

Score: 0 out of 1 No

Question 5
Which of the following are covered under micro business environment?

Response: Competitor

Correct answer: Banks

Score: 0 out of 1 No

Question 6
A SWOT analysis looks at which of the following?

Response: The external factors only

Correct answer: Both internal and external Factors

Score: 0 out of 1 No

Question 7
The persistent examination and analysis of the business environment both inside and outside of an organisation is known as which of the following?

Response: Environmental scanning

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3/22/23, 12:56 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Correct answer: Environmental scanning

Score: 1 out of 1 Yes

Question 8
Micro business environment has which of the following?

Response: No impact on business performance

Correct answer: Direct impact on business performance

Score: 0 out of 1 No

Question 9
What refers to negative and unfavourable external factors that are likely to create hurdles for a firm?

Response: Threats

Correct answer: Threats

Score: 1 out of 1 Yes

Question 10
The process of interpreting and assigning meaning to proposed or actual implications of proposals or results in an organised way.

Response: Execution

Correct answer: Evaluation

Score: 0 out of 1 No

Question 11
Environmental scanning can be defined as which of the following?

Response: The community of people living in a particular region and having shared customs, laws and organisations.

Correct answer: An analysis and evaluation process that businesses use to understand their current environment.

Score: 0 out of 1 No

Question 12
The microenvironment of several firms in an industry might sometimes be nearly identical:

Response: be completely same

Correct answer: be nearly identical

Score: 0 out of 1 No

Question 13
Which of the following SWOT elements are internal factors for a business?

Response: Strengths and Opportunities

Correct answer: Strengths and Weaknesses

Score: 0 out of 1 No

Question 14
The environment that comes into close contact with a corporation and has an immediate impact on its day-to-day operations:

Response: Micro Business Environment

Correct answer: Micro Business Environment

Score: 1 out of 1 Yes

Question 15
Environmental Scanning helps in which of the following?

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3/22/23, 12:56 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Response: Identification of strengths

Correct answer: All of these

Score: 0 out of 1 No

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3/29/23, 10:11 AM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
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3.1 Business Environment and Strategy (BES) (Section - A)

Macro Business Environment

03 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which of the following factors are those that are beyond a company’s control?

Response: External factors

Correct answer: External factors

Score: 1 out of 1 Yes

Question 2
The macro environment is not made up of which of the following?

Response: Culture of the society

Correct answer: Suppliers

Score: 0 out of 1 No

Question 3
Economic system of a country falls into which kind of Environment category?

Response: Micro

Correct answer: Macro

Score: 0 out of 1 No

Question 4
The word “Macro environment” refers to the elements that have what kind of influence?

Response: Indirect

Correct answer: Indirect

Score: 1 out of 1 Yes

Question 5
Advanced technological systems and innovations has a certain influence on firms’ what kind of environment?

Response: External

Correct answer: Macro

Score: 0 out of 1 No

Question 6
Which of the following are often thought to be uncontrolled variables?

Response: Cost of production

Correct answer: External factors

Score: 0 out of 1 No

Question 7
Which of the following is not a component of the Macro environment of a business firm?

Response: Non-Economic

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3/29/23, 10:11 AM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Correct answer: Customers

Score: 0 out of 1 No

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3/29/23, 10:13 AM Submissions - Semesters - 04 Unit : Practice Multiple Choice Questions (MCQs) -
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Semesters
Economic Environment and Planning

04 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
What is defined in Section 2 (43) of the Companies Act,2013 as the amount available for distribution according to the most recent audited balance sheet?

Response: Profit and loss

Correct answer: Free reserves

Score: 0 out of 1 No

Question 2
Which of the following is not an industrial policy resolution?

Response: Industrial Policy Statement, 1956

Correct answer: Companies Act, 2013

Score: 0 out of 1 No

Question 3
What kind of factors are external to business, uncontrollable in nature and have an indirect impact on a company’s operations and working conditions?

Response: Internal factors

Correct answer: Economic factors

Score: 0 out of 1 No

Question 4
Which of the following are not the economic factors which can impact the business?

Response: Demand and supply

Correct answer: New laws

Score: 0 out of 1 No

Question 5
When was the new industrial policy announced by the government of India?

Response: June 24, 1991

Correct answer: July 24 ,1991

Score: 0 out of 1 No

Question 6
Which one among the following must be considered by everybody involved in export or import?

Response: Literacy rate

Correct answer: Exchange rate

Score: 0 out of 1 No

Question 7
The Ministry of Corporate Affairs has announced that __________ parts of the Companies Act, 2013, would take effect on September 12, 2013.

Response: 58

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3/29/23, 10:13 AM Submissions - Semesters - 04 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: 98

Score: 0 out of 1 No

Question 8
MRTP Act was replaced in which year?

Response: 1994

Correct answer: 1991

Score: 0 out of 1 No

Question 9
Which of the following is an economic program or policy hypothesised for the improvement and development of the regional economic system?

Response: Long term planning

Correct answer: Economic planning

Score: 0 out of 1 No

Question 10
Which kind of environment of a business encompasses its economic system, macroeconomic factors, business cycle stages, financial system and government economic
policies?

Response: Social

Correct answer: Economic

Score: 0 out of 1 No

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3/29/23, 10:17 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 05 Unit : Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Public-Private Enterprises

05 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which of the following is defined as the process of selling or transferring the possession, management and control of the public sector operations, firms or assets to the
privately owned business enterprises or investors?

Response: Globalisation

Correct answer: Privatisation

Score: 0 out of 1 No

Question 2
Which of the following is a technique in which an investor sells or offloads an asset or a portion of an asset?

Response: Fund raising

Correct answer: Disinvesting

Score: 0 out of 1 No

Question 3
LPG stands for which of the following?

Response: Liberalisation, Privatisation and Globalisation

Correct answer: Liberalisation, Privatisation and Globalisation

Score: 1 out of 1 Yes

Question 4
There are how many types of public sector businesses?

Response: 7

Correct answer: 3

Score: 0 out of 1 No

Question 5
Who is widely regarded as the founder of the country’s New Economic Policy (NEP).

Response: Manmohan Singh

Correct answer: Manmohan Singh

Score: 1 out of 1 Yes

Question 6
Which of the following owns, manages and controls the private sector firms?

Response: Individuals

Correct answer: Individuals

Score: 1 out of 1 Yes

Question 7
In which year, NEP was established?

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3/29/23, 10:17 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 05 Unit : Practice Multiple Choice Questions (MCQs) -
Response: 1995

Correct answer: 1991

Score: 0 out of 1 No

Question 8
What percent of LIC has the central government disinvested?

Response: 10

Correct answer: 5

Score: 0 out of 1 No

Question 9
Which of the following owns, manages, and controls the public sector firms?

Response: Individuals

Correct answer: Government

Score: 0 out of 1 No

Question 10
Which of the following is a collaboration between a government agency and the private sector to supply goods or services to the general public?

Response: Joint Venture

Correct answer: Private Public Partnership

Score: 0 out of 1 No

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3/29/23, 10:20 AM 06 Unit : Practice Multiple Choice Questions (MCQs) -

3.1 Business Environment and Strategy (BES) (Section - A)

Submissions
Micro, Small and Medium Enterprises

06 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
MSME is defined under which act?

Response: MSMED Act, 2016

Correct answer: MSMED Act, 2006

Score: 0 out of 1 No

Question 2
CSO stands for what?

Response: Central statistics organ

Correct answer: Central statistics office

Score: 0 out of 1 No

Question 3
The Micro, Small and Medium Enterprises Development Institute is situated in which of the following places?

Response: UP

Correct answer: Delhi

Score: 0 out of 1 No

Question 4
MSMEs contribute what percentage of India’s GDP?

Response: 10

Correct answer: 30

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3/29/23, 10:20 AM 06 Unit : Practice Multiple Choice Questions (MCQs) -

Score: 0 out of 1 No

Question 5
The part of MSME-related products and items in total exports from India during 2018-19 is of what percentage?

Response: 58 percent

Correct answer: 48 percent

Score: 0 out of 1 No

Question 6
Which of the following is not the reason for MSME sickness?

Response: Deficiency of working capital

Correct answer: Consistent supply of power

Score: 0 out of 1 No

Question 7
In which tier cities, MSMEs assist in the creation of chances for individuals to utilise banking services and
products, perhaps resulting in the final inclusion of MSMEs’ contribution to the economy?

Response: tier-1 and tier-2 cities

Correct answer: tier-2 and tier-3 cities

Score: 0 out of 1 No

Question 8
What is the full form of MSME?

Response: Medium, Small and Micro Enterprises

Correct answer: Micro, Small and Medium Enterprises

Score: 0 out of 1 No

Question 9
Which of the following is a treatment option for industrial units that have already developed illnesses or are on the
point of collapsing?

Response: Rehabilitation

Correct answer: Rehabilitation

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3/29/23, 10:20 AM 06 Unit : Practice Multiple Choice Questions (MCQs) -

Score: 1 out of 1 Yes

Question 10
Which of the following refers to the cash a business has accessible to pay for its everyday tasks and to support its
future development?

Response: Liabilities

Correct answer: Capital

Score: 0 out of 1 No
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3/29/23, 10:21 AM 07 Unit ; Practice Multiple Choice Questions (MCQs) -

3.1 Business Environment and Strategy (BES) (Section - A)

Submissions
Business Environment of Service Sector

07 Unit ; Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
The control of cooperative banks that are governed by the Banking Regulation Act of 1949 is exercised by which
of the following?

Response: Reserve Bank of India

Correct answer: Reserve Bank of India

Score: 1 out of 1 Yes

Question 2
In India, which of the following sectors does not fall within the service sector?

Response: Restaurants & hotels

Correct answer: Manufacturing of electronic television

Score: 0 out of 1 No

Question 3
Part of economy that produces and offers different types of intangible services, rather than just providing tangible
goods like vehicles and TVs.is which of the following?

Response: Tertiary sector

Correct answer: Tertiary sector

Score: 1 out of 1 Yes

Question 4
Provider of financial services, information technology (IT) outsourcing firms, research based KPO, s, providers of
healthcare and medical services, entertainment industries are all examples of which sector?

Response: Private non-profit sector

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3/29/23, 10:21 AM 07 Unit ; Practice Multiple Choice Questions (MCQs) -

Correct answer: Service sector

Score: 0 out of 1 No

Question 5
What has proven to be the economic uplifter?

Response: India’s secondary sector

Correct answer: India’s service sector

Score: 0 out of 1 No

Question 6
Which of the following was the first commercial bank established by Indians in 1881?

Response: Awadh Commercial Bank

Correct answer: Awadh Commercial Bank

Score: 1 out of 1 Yes

Question 7
The service sector is also known as which of the following?

Response: Tertiary sector

Correct answer: Tertiary sector

Score: 1 out of 1 Yes

Question 8
The Urban Credit Cooperatives (UCCs) are also referred to as which of the following?

Response: Urban Cooperative Banks

Correct answer: Urban Cooperative Banks

Score: 1 out of 1 Yes

Question 9
Who acts as the RBI’s representative in locations where the bank does not have its own office?

Response: Ministry of Finance

Correct answer: State Bank of India

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3/29/23, 10:21 AM 07 Unit ; Practice Multiple Choice Questions (MCQs) -

Score: 0 out of 1 No

Question 10
On which date was the Reserve Bank of India created?

Response: July 12, 1982

Correct answer: April 1, 1935

Score: 0 out of 1 No
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3/29/23, 10:25 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 08 Unit ; Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Monetary and Fiscal Policy

08 Unit ; Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which of the following is not a tool of fiscal policy?

Response: Budget

Correct answer: Repo rate

Score: 0 out of 1 No

Question 2
Which of the following is in charge of monetary policy of USA?

Response: Federal reserve bank

Correct answer: Federal reserve bank

Score: 1 out of 1 Yes

Question 3
Which of the following is the base or least lending rate of the central bank at which it rediscounts first-class bills of exchange and government securities that are held by the
commercial banks?

Response: [none]

Correct answer: Bank rate

Score: 0 out of 1 No

Question 4
Which of the following refers to the act of levying or imposing a tax by a taxing body?

Response: [none]

Correct answer: Taxation

Score: 0 out of 1 No

Question 5
What does India’s national monetary policy authority’s name stand for?

Response: [none]

Correct answer: RBI

Score: 0 out of 1 No

Question 6
Which of the following are intended to control and change the size of a volume of deposits made and the expense of bank credit in general regardless of the specific field of
an enterprise or economic activity wherein the credit is utilised?

Response: Bank rate

Correct answer: General Credit Controls

Score: 0 out of 1 No

Question 7
John Maynard Keynes was which of the following?
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3/29/23, 10:25 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 08 Unit ; Practice Multiple Choice Questions (MCQs) -
Response: Scientist

Correct answer: British Economist

Score: 0 out of 1 No

Question 8
What is the meaning of monetary policy?

Response: The technique through which the International Monetary System controls the amount of money in circulation.

Correct answer: The method through which the central bank or monetary authority of a country manages the money supply.

Score: 0 out of 1 No

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3/29/23, 10:31 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 09 Unit : Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Business and Society

09 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
The concept of enterprise-level strategy is based on the premise that the finest relationships are made at the enterprise level.

Response: strategy to performance

Correct answer: ethics to strategy

Score: 0 out of 1 No

Question 2
What is the driving force behind the new social contract?

Response: Deregulation

Correct answer: Global competition

Score: 0 out of 1 No

Question 3
According to the traditional theory of economics, a society’s needs and desires are best determined via which one of the following?

Response: Government owned factors of production

Correct answer: A centrally planned economy

Score: 0 out of 1 No

Question 4
Except for the following, the Enron Era brought forth a broad variety of legal and ethical allegations, which included all of the following

Response: corrupt corporate cultures

Correct answer: building company assets

Score: 0 out of 1 No

Question 5
Except for , technology has aided society in all of the following ways.

Response: lowering the amount of labour required to manufacture products and services

Correct answer: improving the sustainability of life on Earth

Score: 0 out of 1 No

Question 6
What is the result of decentralisation and a variety of power concentrations.

Response: A pluralistic society

Correct answer: A pluralistic society

Score: 1 out of 1 Yes

Question 7
What is a technique of governing, directing, administering, or controlling a business?

Response: Management

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3/29/23, 10:31 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 09 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: Corporate governance

Score: 0 out of 1 No

Question 8
Which of the following functions of stakeholder management is not deemed important?

Response: to manage

Correct answer: to lead

Score: 0 out of 1 No

Question 9
All of the following are common customer complaints, with the exception of which one of the following?

Response: lack of consumer credit

Correct answer: lack of consumer credit

Score: 1 out of 1 Yes

Question 10
Which of the following is not a method that volunteer initiatives may assist businesses?

Response: improving the company’s reputation

Correct answer: developing strong ties with local government officials

Score: 0 out of 1 No

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3/29/23, 10:37 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 10 Unit : Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Introduction to Strategic Management

10 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
The most crucial thing to remember when defining strategic management is that it is:

Response: Mainly the province of senior managers

Correct answer: More conceptual than practical

Score: 0 out of 1 No

Question 2
The mission statement of an organisation’s primary goal is which one of the following?

Response: Define the operational structure of the organisation

Correct answer: Define the organisation’s purpose in society

Score: 0 out of 1 No

Question 3
Which of the following is not a distinguishing feature of strategic management above other styles of management?

Response: It has an external focus.

Correct answer: It concerns the present direction of the organisation.

Score: 0 out of 1 No

Question 4
SWOT stands for

Response: Strengths Worldwide Overcome Threats

Correct answer: Strengths, Weaknesses, Opportunities, and Threats

Score: 0 out of 1 No

Question 5
Which of the following is NOT a key component of strategic management?

Response: Implementing strategy

Correct answer: Evaluating strategy

Score: 0 out of 1 No

Question 6
Which among the following is the cornerstone of a successful blue ocean strategy?

Response: Value innovation

Correct answer: Value innovation

Score: 1 out of 1 Yes

Question 7
The following is the greatest way to describe competitive advantage:

Response: What sets an organisation apart

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3/29/23, 10:37 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 10 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: Increased efficiency

Score: 0 out of 1 No

Question 8
The underlying reason for each organisation’s existence is defined by which of the following?

Response: Mission

Correct answer: Mission

Score: 1 out of 1 Yes

Question 9
The following are the many organisational routines and procedures that influence how efficiently and effectively the organisation turns its inputs into outputs:

Response: Capabilities

Correct answer: Core competencies

Score: 0 out of 1 No

Question 10
Which of the following is a factor that is taken into account while formulating business strategies?

Response: What businesses are we in and what to do with those businesses?

Correct answer: What resources do we have to implement our strategies?

Score: 0 out of 1 No

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3/29/23, 10:47 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 11 Unit : Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Corporate Strategy Formulation

11 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
What does it mean to be a “stakeholder”?

Response: Someone who works in the business world.

Correct answer: Someone who works in the business world.

Score: 1 out of 1 Yes

Question 2
What is the art and science of conceiving, executing, and assessing cross-functional choices that enable a company to accomplish its goals?

Response: Strategy implementation

Correct answer: Strategic management

Score: 0 out of 1 No

Question 3
Which of the following is NOT a key component of strategic management?

Response: Implementing strategy

Correct answer: Evaluating strategy

Score: 0 out of 1 No

Question 4
Which of the following is a factor that is taken into account while formulating business strategies?

Response: What resources do we have to put our strategies into action?

Correct answer: What resources do we have to put our strategies into action?

Score: 1 out of 1 Yes

Question 5
Which individuals are most responsible for an organisation’s success or failure?

Response: [none]

Correct answer: Strategists

Score: 0 out of 1 No

Question 6
Top management directs at the corporate level:

Response: its endeavours to keep recruiting needs stable

Correct answer: a comprehensive strategy for the entire company

Score: 0 out of 1 No

Question 7
In the Porter’s Five Forces model, which of the following is NOT included:

Response: Bargaining power of suppliers

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3/29/23, 10:47 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 11 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: Rivalry among stockholders

Score: 0 out of 1 No

Question 8
Which of the following best describes the type of business (or types of companies) that the company is in or should be in?

Response: Corporate strategy

Correct answer: Corporate strategy

Score: 1 out of 1 Yes

Question 9
The mission statement of an organisation’s primary goal is to:

Response: define the organisation’s social mission

Correct answer: define the organisation’s social mission

Score: 1 out of 1 Yes

Question 10
Which of the following is not a strategic management benefit?

Response: It contributes to the organisation’s improvement of its political, economic, social, and technological environment.

Correct answer: It contributes to the organisation’s improvement of its political, economic, social, and technological environment.

Score: 1 out of 1 Yes

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3/29/23, 10:51 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 12 Unit : Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Business Strategy Formulation

12 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which of the following does NOT fall under the heading of “internal environment considerations”?

Response: Changes in consumer taste

Correct answer: Changes in consumer taste

Score: 1 out of 1 Yes

Question 2
The process of identifying opportunities and preventing or minimising losses is known as .

Response: Change management

Correct answer: Risk management

Score: 0 out of 1 No

Question 3
The process of doing research about a firm and its operational environment in order to build a strategy is referred to as what?

Response: Sensitive analysis

Correct answer: Strategic analysis

Score: 0 out of 1 No

Question 4
Which of the following SWOT components is a business’s internal factor?

Response: Opportunities and Threats

Correct answer: Strengths and Weaknesses

Score: 0 out of 1 No

Question 5
In the mission, objectives, strategies, and policies, which of the following is a detailed process?

Response: Strategy implementation

Correct answer: Strategy formulation

Score: 0 out of 1 No

Question 6
In SWOT analysis the ‘O’ stands for what?

Response: Openings

Correct answer: Opportunities

Score: 0 out of 1 No

Question 7
Strategists must pose questions to themselves such as:

Response: Does our strategy align with our vision, mission, and values

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3/29/23, 10:51 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 12 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: All of the above

Score: 0 out of 1 No

Question 8
What does the letter S stand for in the PESTEL framework for environmental analysis?

Response: Surroundings

Correct answer: Socio-cultural

Score: 0 out of 1 No

Question 9
SWOT (Strengths, Weaknesses Invented by whom?

Response: United States Navy

Correct answer: Albert S Humphrey

Score: 0 out of 1 No

Question 10
Which of the following does NOT fall under the heading of “external environmental considerations”?

Response: Operational inefficiencies

Correct answer: Operational inefficiencies

Score: 1 out of 1 Yes

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3/29/23, 11:01 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 13 Unit : Practice Multiple Choice Questions (MCQs) -
Home

3.1 Business Environment and Strategy (BES) (Section - A)

Strategic Planning and Leadership

13 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which of the following does not qualify as a cultural product?

Response: Rituals

Correct answer: Emotions

Score: 0 out of 1 No

Question 2
Which of the following is NOT an industry entrance barrier?

Response: economies of scale

Correct answer: bargaining power of suppliers

Score: 0 out of 1 No

Question 3
Strategic planning is a type of what?

Response: creative

Correct answer: analytical

Score: 0 out of 1 No

Question 4
Which of the following is concerned with assisting corporate and business strategies?

Response: Corporate strategy

Correct answer: Operational strategy

Score: 0 out of 1 No

Question 5
What is the primary concern of strategic management?

Response: the total organisation

Correct answer: the total organisation

Score: 1 out of 1 Yes

Question 6
A strategic strategy is usually focused on achieving which type of objectives?

Response: mid term

Correct answer: both b & c

Score: 0 out of 1 No

Question 7
The long term is roughly in strategic planning or thinking.

Response: 5 years or more

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3/29/23, 11:01 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 13 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: 5 years or more

Score: 1 out of 1 Yes

Question 8
The word ‘strategos’ is derived from which word?

Response: Greek

Correct answer: Greek

Score: 1 out of 1 Yes

Question 9
In any organisation, several levels of strategic decision-making and strategy creation include which of the following?

Response: Corporate Level and Functional Level

Correct answer: Corporate, Business and Functional Level

Score: 0 out of 1 No

Question 10
Marketing strategy is which type of strategy?

Response: corporate strategy

Correct answer: functional strategy

Score: 0 out of 1 No

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3/29/23, 11:02 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 14 Unit : Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Strategy Implementation and Control

14 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
A reputable consulting business established and built the important 7-S model:

Response: Bain & Co.

Correct answer: Mckinsey

Score: 0 out of 1 No

Question 2
The strategy established to retain and expand a competitive edge over competitors.

Response: Systems

Correct answer: Strategy

Score: 0 out of 1 No

Question 3
The structure of the organisation and who reports to whom

Response: Strategy

Correct answer: Structure

Score: 0 out of 1 No

Question 4
According to the McKinsey 7-S framework, which of the following is NOT one of the ‘S’?

Response: Staff

Correct answer: Shared plan

Score: 0 out of 1 No

Question 5
means devising a strategy mix and selecting the best one to fulfil the organisation’s goals and objectives, and so achieving the organisation’s vision.

Response: Strategic analysis

Correct answer: Strategy formulation

Score: 0 out of 1 No

Question 6
What refers to the process of gathering information about a firm and its operational environment in order to develop a strategy?

Response: Strategic analysis

Correct answer: Strategic analysis

Score: 1 out of 1 Yes

Question 7
Implementation of strategy focuses on which one of the following?

Response: Co-ordination

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3/29/23, 11:02 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 14 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: Efficiency

Score: 0 out of 1 No

Question 8
Examines if the strategy is being executed as planned and whether the outcomes are as expected.

Response: Strategy formulation

Correct answer: Strategic control

Score: 0 out of 1 No

Question 9
Which is the process of putting a strategy into action?

Response: Strategy implementation

Correct answer: Strategy implementation

Score: 1 out of 1 Yes

Question 10
The term “strategic implementation” refers to the process of putting a

Response: Primarily an intellectual process.

Correct answer: Concerned with translating a strategic decision into action.

Score: 0 out of 1 No

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3/29/23, 11:03 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 15 Unit : Practice Multiple Choice Questions (MCQs) -
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3.1 Business Environment and Strategy (BES) (Section - A)

Business Strategy and Globalisation

15 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which industries in India have been impacted by Globalisation?

Response: Jute

Correct answer: Toy making

Score: 0 out of 1 No

Question 2
Which of the following is the primary rationale for MNC investments?

Response: For the welfare of underprivileged people

Correct answer: To increase the assets and earn profits

Score: 0 out of 1 No

Question 3
Why is Globalisation seen as a danger in wealthy nations?

Response: Because emerging markets are importing fewer goods from the developed countries.

Correct answer: Because low-skilled jobs in advanced economies are at risk.

Score: 0 out of 1 No

Question 4
Which of the following is an example of how Globalisation has enhanced the living structure?

Response: People living in developing countries

Correct answer: People living in developing countries

Score: 1 out of 1 Yes

Question 5
Which of these organisations places a strong focus on foreign investment and trade liberalisation?

Response: World Health Organisation

Correct answer: World Trade Organisation

Score: 0 out of 1 No

Question 6
Which of these organisations promotes foreign investment and commerce in India?

Response: World Trade Organisation (WTO)

Correct answer: World Trade Organisation (WTO)

Score: 1 out of 1 Yes

Question 7
When did the Indian government eliminate investment barriers?

Response: 1992

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3/29/23, 11:03 AM Submissions - 3.1 Business Environment and Strategy (BES) (Section - A) - 15 Unit : Practice Multiple Choice Questions (MCQs) -
Correct answer: 1991

Score: 0 out of 1 No

Question 8
What is the name for the process of merging and quick unification of countries?

Response: Liberalisation

Correct answer: Globalisation

Score: 0 out of 1 No

Question 9
Globalisation has had the greatest impact on which of the following?

Response: Consumer markets

Correct answer: Production networks

Score: 0 out of 1 No

Question 10
Import duties are one type of a tax.

Response: Trade barriers

Correct answer: Trade barriers

Score: 1 out of 1 Yes

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3.1 Business Environment and Strategy (BES) (Section - A)

Standalone assignment

CA-1
Submissions
Here are your latest answers:

Question 1
Which of the following is not a business opportunity generated by Globalization ?

Response: Currency crisis

Correct answer: Currency crisis

Question 2
What is the process of analyzing the environment for the identification of the factors which have impact on or have implication for the business?

Response: Scanning

Correct answer: Scanning

Question 3
What consists of economic conditions, economic policies , industrial policies and economic system?

Response: Economic

Correct answer: Economic

Question 4
Political environment includes?

Response: Political ideologies and beliefs

Correct answer: Political ideologies and beliefs

Question 5
Secondary screening involves?

Response: An external environment analysis and risk analysis

Correct answer: An external environment analysis and risk analysis

Question 6
External environment of business is?

Response: Demographics

Correct answer: Demographics

Question 7
Which of the following is not social environment?

Response: Life expectancy

Correct answer: Political Ideology

Question 8

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4/12/23, 12:42 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Which one of the following cannot be included under the nature of relationship between business and environment ?

Response: Dynamic

Correct answer: Fixed

Question 9
These are forces in company's immediate environment that affect the company's performance?

Response: Micro environment

Correct answer: Technological environment

Question 10
Analyzing process of change in the Business environment involves conceptualizing it as?

Response: Dynamic

Correct answer: Dynamic

Question 11
Which of the following is considered as obligation and duties of business towards societies?

Response: Social Responsibility

Correct answer: Social Responsibility

Question 12
What refers to negative and unfavourable external factors that are likely to create hurdles for a firm?

Response: Threats

Correct answer: Threats

Question 13
Marketing Intermediaries are categorized under which environment?

Response: Micro environment

Correct answer: Micro environment

Question 14
The practices of company for which it is accountable in relation to other parties are?

Response: Social Responsibility

Correct answer: Social Responsibility

Question 15
In PEST analysis , P represents?

Response: Political

Correct answer: Political

Question 16
Components of corporate culture does not include?

Response: Micromanagement

Correct answer: Micromanagement

Question 17
Which of the following is not impacted of govt. policy changes on business & industry?

Response: Demanding customers

Correct answer: Organization structure

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Question 18
An analysis of the external environment enables a firm to identify?

Response: Opportunities and threats

Correct answer: Opportunities and threats

Question 19
Which external forces that have a beating on the functioning of the business?

Response: Environment

Correct answer: Environment

Question 20
Which among the following is not the part of micro environment?

Response: Political

Correct answer: Political

Question 21
An environment which is increasingly complex and turbulent, displays?

Response: A reduced risk of product obsolescence

Correct answer: Increased speed of innovation

Question 22
Which of the following is not a feature of Business environment?

Response: Continuous

Correct answer: Continuous

Question 23
Factors which are beyond the control of business are?

Response: External factors

Correct answer: External factors

Question 24
Which of the following does not explain the impact of government policy changes on business & industry?

Response: Changes in agricultural prices

Correct answer: Changes in agricultural prices

Question 25
PESTLE analysis focus on?

Response: Policy framework

Correct answer: Macro environment

Question 26
An analysis of income distribution and person's savings is the part of?

Response: Economic environment

Correct answer: Economic environment

Question 27
The foundation for corporate culture are laid by?

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Response: corporate members

Correct answer: Founders

Question 28
Liberalization means?

Response: End of license & reduction of government control

Correct answer: End of license & reduction of government control

Question 29
Globalization does not involve?

Response: Reduction of barrier

Correct answer: Reduction of barrier

Question 30
In this type of economic system, the Government intervention will be absent?

Response: Free market economy

Correct answer: Free market economy

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3.1 Business Environment and Strategy (BES) (Section - A)

Standalone assignment

CA 2
Submissions
Here are your latest answers:

Question 1
Which of the following is a collaboration between a government agency and the private sector to supply goods or services to the general public?

Response: Private Public Partnership

Correct answer: Private Public Partnership

Question 2
In which tier cities, MSMEs assist in the creation of chances for individuals to utilise banking services and products, perhaps resulting in the final inclusion of MSMEs’
contribution to the economy?

Response: tier-2 and tier-3 cities

Correct answer: tier-2 and tier-3 cities

Question 3
Environmental Scanning helps in which of the following?

Response: All of these

Correct answer: All of these

Question 4
The persistent examination and analysis of the business environment both inside and outside of an organisation is known as which of the following?

Response: Environmental scanning

Correct answer: Environmental scanning

Question 5
Which of the following factors are those that are beyond a company’s control?

Response: External factors

Correct answer: External factors

Question 6
What is the full form of MSME?

Response: Micro, Small and Medium Enterprises

Correct answer: Micro, Small and Medium Enterprises

Question 7
What kind of factors are external to business, uncontrollable in nature and have an indirect impact on a company’s operations and working conditions?

Response: Economic

Correct answer: Economic

Question 8
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Which of the following is a treatment option for industrial units that have already developed illnesses or are on the point of collapsing?

Response: Rehabilitation

Correct answer: Rehabilitation

Question 9
What has proven to be the economic uplifter?

Response: Service sector

Correct answer: Service sector

Question 10
Which of the following is a technique in which an investor sells or offloads an asset or a portion of an asset?

Response: Disinvesting

Correct answer: Disinvesting

Question 11
The word “Macro environment” refers to the elements that have what kind of influence?

Response: Indirect

Correct answer: Indirect

Question 12
Which of the following is a non-economic activity?

Response: A man washing his own house

Correct answer: A man washing his own house

Question 13
The Micro, Small and Medium Enterprises Development Institute is situated in which of the following places?

Response: Delhi

Correct answer: Delhi

Question 14
Which one among the following must be considered by everybody involved in export or import?

Response: Exchange rate

Correct answer: Exchange rate

Question 15
In which year, NEP was established?

Response: 1991

Correct answer: 1991

Question 16
Which of the following are covered under micro business environment?

Response: Banks

Correct answer: Banks

Question 17
Which kind of environment of a business encompasses its economic system, macroeconomic factors, business cycle stages, financial system and government economic
policies?

Response: Economic

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4/12/23, 12:51 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Correct answer: Economic

Question 18
There are how many types of public sector businesses?

Response: 3

Correct answer: 3

Question 19
Which of the following owns, manages, and controls the public sector firms?

Response: Government

Correct answer: Government

Question 20
MSME is defined under which act?

Response: MSMED Act, 2006

Correct answer: MSMED Act, 2006

Question 21
Acquiring new customers is which objectives of a business:

Response: Economic

Correct answer: Economic

Question 22
Which of the following is defined as the process of selling or transferring the possession, management and control of the public sector operations, firms or assets to the
privately owned business enterprises or investors?

Response: Privatisation

Correct answer: Privatisation

Question 23
When was the new industrial policy announced by the government of India?

Response: July 24 ,1991

Correct answer: July 24 ,1991

Question 24
LPG stands for which of the following?

Response: Liberalisation, Privatisation and Globalisation

Correct answer: Liberalisation, Privatisation and Globalisation

Question 25
The service sector is also known as which of the following?

Response: Tertiary

Correct answer: Tertiary

Question 26
Economic system of a country falls into which kind of Environment category?

Response: Macro

Correct answer: Macro

Question 27
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4/12/23, 12:51 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Which of the following is not a component of the Macro environment of a business firm?

Response: Customers

Correct answer: Customers

Question 28
Which of the following are often thought to be uncontrolled variables?

Response: External factors

Correct answer: External factors

Question 29
Micro business environment has which of the following?

Response: Direct impact on business performance

Correct answer: Direct impact on business performance

Question 30
CSO stands for what?

Response: Central statistics office

Correct answer: Central statistics office

Question 31
MRTP Act was replaced in which year?

Response: 1991

Correct answer: 1991

Question 32
Which of the following are not the economic factors which can impact the business?

Response: New laws

Correct answer: New laws

Question 33
In India, which of the following sectors does not fall within the service sector?

Response: Manufacturing of electronic goods

Correct answer: Manufacturing of electronic goods

Question 34
Who is widely regarded as the founder of the country’s New Economic Policy (NEP).

Response: Dr. Manmohan Singh

Correct answer: Dr. Manmohan Singh

Question 35
Provider of financial services, information technology (IT) outsourcing firms, research based KPO, s, providers of healthcare and medical services, entertainment industries
are all examples of which sector?

Response: Service sector

Correct answer: Service sector

Question 36
Part of economy that produces and offers different types of intangible services, rather than just providing tangible goods like vehicles and TVs.is which of the following?

Response: Tertiary

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4/12/23, 12:51 PM 3.1 Business Environment and Strategy (BES) (Section - A) - https://learn.jainuniversity.ac.in/student_quiz_assignment/submissi…
Correct answer: Tertiary

Question 37
Preventing malpractices such as hoarding, black marketing overcharging and puffery comes under the which objectives of a business.

Response: Social

Correct answer: Social

Question 38
Which of the following refers to the cash a business has accessible to pay for its everyday tasks and to support its future development?

Response: Capital

Correct answer: Capital

Question 39
Paying taxes and duties are the;

Response: National

Correct answer: National

Question 40
Which of the following is not the reason for MSME sickness?

Response: Consistent supply of power

Correct answer: Consistent supply of power

Question 41
Which of the following owns, manages and controls the private sector firms?

Response: Individuals

Correct answer: Individuals

Question 42
What refers to negative and unfavourable external factors that are likely to create hurdles for a firm?

Response: Threats

Correct answer: Threats

Question 43
Which of the following is an economic program or policy hypothesised for the improvement and development of the regional economic system?

Response: Economic planning

Correct answer: Economic planning

Question 44
Which of the following is not an industrial policy resolution?

Response: Companies Act, 2013

Correct answer: Companies Act, 2013

Question 45
Which objectives are meant for protecting the interests of employees and ensuring their welfare?

Response: Social

Correct answer: Social

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3.1 Business Environment and Strategy (BES) (Section - A)

Standalone assignment

CA 3
Submissions
Here are your latest answers:

Question 1
"Who use their own central competences to add value to the businesses by applying specific skills required by business units for a particular purpose, such as financial
management or research and development?
"

Response: Parental developers

Correct answer: Parental developers

Score: 0.5 out of 0.5 Yes

Question 2
Who enhance value by sharing resources and activity, such as distribution systems offices or brand names?

Response: Synergy managers

Correct answer: Synergy managers

Score: 0.5 out of 0.5 Yes

Question 3
What is the driving force behind the new social contract?

Response: Technology

Correct answer: Global competition

Score: 0 out of 0.5 No

Question 4
What is the turnover of Micro enterprises in manufacturing sector?

Response: 5 crore

Correct answer: 5 crore

Score: 0.5 out of 0.5 Yes

Question 5
The service sector is also known as which of the following?

Response: Tertiary

Correct answer: Tertiary

Score: 0.5 out of 0.5 Yes

Question 6
Which one among the following must be considered by everybody involved in export or import?

Response: Exchange rate

Correct answer: Exchange rate

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Score: 0.5 out of 0.5 Yes

Question 7
Which analysis can help companies assess industry attractiveness, how trends will affect industry competition?

Response: Porters Five force analysis

Correct answer: Porters Five force analysis

Score: 0.5 out of 0.5 Yes

Question 8
Which of the following is not a principle of corporate governance?

Response: Employee skills

Correct answer: Employee skills

Score: 0.5 out of 0.5 Yes

Question 9
Which strategy is framed by departmental heads?

Response: Functional level

Correct answer: Functional level

Score: 0.5 out of 0.5 Yes

Question 10
Which of the following are intended to control and change the size of a volume of deposits made and the expense of bank credit in general regardless of the specific field of
an enterprise or economic activity wherein the credit is utilised?

Response: General credit controls

Correct answer: General credit controls

Score: 0.5 out of 0.5 Yes

Question 11
What refers to making assumptions on what the future is going to be and how your business environment will change overtime in light of that future?

Response: Scenario Planning

Correct answer: Scenario Planning

Score: 0.5 out of 0.5 Yes

Question 12
The macro environment is not made up of which of the following?

Response: Suppliers

Correct answer: Suppliers

Score: 0.5 out of 0.5 Yes

Question 13
Which are considered to be internal factors influencing strategy formulation?

Response: Policies and procedures

Correct answer: Policies and procedures

Score: 0.5 out of 0.5 Yes

Question 14
Which of the following functions of stakeholder management is not deemed important?

Response: To lead

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Correct answer: To lead

Score: 0.5 out of 0.5 Yes

Question 15
What is the graphic representation for an organization to examine different businesses in it’s portfolio on the basis of their related market share and industry growth rates?

Response: BCG Matrix

Correct answer: BCG Matrix

Score: 0.5 out of 0.5 Yes

Question 16
"Which strategy is about helping your company gain uncontested market space separate from other, similar businesses?
"

Response: Blue Ocean strategy

Correct answer: Blue Ocean strategy

Score: 0.5 out of 0.5 Yes

Question 17
Which process improves operations, provides focus, sets priorities and increases collaboration?

Response: Strategic Planning

Correct answer: Strategic Planning

Score: 0.5 out of 0.5 Yes

Question 18
Which of the following is not social environment?

Response: Political Ideology

Correct answer: Political Ideology

Score: 0.5 out of 0.5 Yes

Question 19
Which of the following is a technique in which an investor sells or offloads an asset or a portion of an asset?

Response: Disinvesting

Correct answer: Disinvesting

Score: 0.5 out of 0.5 Yes

Question 20
Which statement describes the desired future state of your organization at a certain point in time?

Response: Vision

Correct answer: Vision

Score: 0.5 out of 0.5 Yes

Question 21
Which of the following refers to the act of levying or imposing a tax by a taxing body?

Response: Taxation

Correct answer: Taxation

Score: 0.5 out of 0.5 Yes

Question 22

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"Which method is used for assessing the differences between the actual performance and expected performance in an organization or a business?
"

Response: Gap analysis

Correct answer: Gap analysis

Score: 0.5 out of 0.5 Yes

Question 23
What is the investment of Medium enterprise in service sector?

Response: More than 20 crore

Correct answer: More than 2 crore

Score: 0 out of 0.5 No

Question 24
All of the following are common customer complaints, with the exception of which one of the following?

Response: Lack of consumer credit

Correct answer: Lack of consumer credit

Score: 0.5 out of 0.5 Yes

Question 25
Food corporation of India is a:

Response: Statutory corporation

Correct answer: Statutory corporation

Score: 0.5 out of 0.5 Yes

Question 26
Which of the following refers to the development of new products that are unrelated to your original lines?

Response: Conglomerate diversification

Correct answer: Conglomerate diversification

Score: 0.5 out of 0.5 Yes

Question 27
Which of the following is not a method that volunteer initiatives may assist businesses?

Response: Developing strong ties with local government officials

Correct answer: Developing strong ties with local government officials

Score: 0.5 out of 0.5 Yes

Question 28
The microenvironment factors are industry specific, and they will be which of the following?

Response: Be nearly distinct

Correct answer: Be nearly identical

Score: 0 out of 0.5 No

Question 29
What is the result of decentralisation and a variety of power concentrations?

Response: Pluralistic

Correct answer: Pluralistic

Score: 0.5 out of 0.5 Yes

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Question 30
Except for one following factor, technology has aided society in all of the following ways:

Response: Improving the sustainability of life on Earth

Correct answer: Improving the sustainability of life on Earth

Score: 0.5 out of 0.5 Yes

Question 31
Which of the following is not a tool of fiscal policy?

Response: Repo rate

Correct answer: Repo rate

Score: 0.5 out of 0.5 Yes

Question 32
Automation, research and development, technology awareness, etc. are which of the following factors?

Response: Technological factors

Correct answer: Technological factors

Score: 0.5 out of 0.5 Yes

Question 33
Who acts as the RBI’s representative in locations where the bank does not have its own office?

Response: SBI

Correct answer: SBI

Score: 0.5 out of 0.5 Yes

Question 34
Which aspect of strategic management process deals with allocation of resources?

Response: Strategy Implementation

Correct answer: Strategy Implementation

Score: 0.5 out of 0.5 Yes

Question 35
Which kind of environment of a business encompasses its economic system, macroeconomic factors, business cycle stages, financial system and government economic
policies?

Response: Economic

Correct answer: Economic

Score: 0.5 out of 0.5 Yes

Question 36
Which is the practice of introducing a new product line into your supply chain in order to increase profits?

Response: Diversification strategy

Correct answer: Diversification strategy

Score: 0.5 out of 0.5 Yes

Question 37
According to the traditional theory of economics, a society’s needs and desires are best determined via which one of the following?

Response: Market place

Correct answer: A centrally planned economy

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Score: 0 out of 0.5 No

Question 38
What is a technique of governing, directing, administering, or controlling a business?

Response: Corporate governance

Correct answer: Corporate governance

Score: 0.5 out of 0.5 Yes

Question 39
The Urban Credit Cooperatives (UCCs) are also referred to as which of the following?

Response: Urban cooperative banks

Correct answer: Urban cooperative banks

Score: 0.5 out of 0.5 Yes

Question 40
What has proven to be the economic uplifter?

Response: Service sector

Correct answer: Service sector

Score: 0.5 out of 0.5 Yes

Question 41
Who ideates and implements investment strategies for individuals or institutional investors?

Response: Portfolio managers

Correct answer: Portfolio managers

Score: 0.5 out of 0.5 Yes

Question 42
Which of the following is the base or least lending rate of the central bank at which it rediscounts first-class bills of exchange and government securities that are held by the
commercial banks?

Response: Bank rate

Correct answer: Bank rate

Score: 0.5 out of 0.5 Yes

Question 43
Postal and telegraphs is a:

Response: Departmental undertakings

Correct answer: Departmental undertakings

Score: 0.5 out of 0.5 Yes

Question 44
Which government scheme monitor the implementation of the public procurement from MSMEs by Central Public Sector Enterprises?

Response: MSME Sambandh

Correct answer: MSME Sambandh

Score: 0.5 out of 0.5 Yes

Question 45
Which is not a part of strategic intent hierarchy?

Response: Operations

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Correct answer: Operations

Score: 0.5 out of 0.5 Yes

Question 46
Which is a tool used by firms to analyze and plan their strategies for growth?

Response: Ansoff matrix

Correct answer: Ansoff matrix

Score: 0.5 out of 0.5 Yes

Question 47
Which of the following is in charge of monetary policy of USA?

Response: Federal reserve bank

Correct answer: Federal reserve bank

Score: 0.5 out of 0.5 Yes

Question 48
What refers to negative and unfavourable external factors that are likely to create hurdles for a firm?

Response: Threats

Correct answer: Threats

Score: 0.5 out of 0.5 Yes

Question 49
Which of the following is an economic program or policy hypothesised for the improvement and development of the regional economic system?

Response: Economic planning

Correct answer: Economic planning

Score: 0.5 out of 0.5 Yes

Question 50
Which matrix is also called the Product/Market Expansion Grid?

Response: Ansoff matrix

Correct answer: Ansoff matrix

Score: 0.5 out of 0.5 Yes

Question 51
What kind of factors are external to business, uncontrollable in nature and have an indirect impact on a company’s operations and working conditions?

Response: Economic factors

Correct answer: Economic factors

Score: 0.5 out of 0.5 Yes

Question 52
Which model refers to a tool that analyzes a company’s “organizational design.”?

Response: The McKinsey 7S

Correct answer: The McKinsey 7S

Score: 0.5 out of 0.5 Yes

Question 53
Which strategy is used for different areas of a business ?

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Response: Functional level

Correct answer: Business strategy

Score: 0 out of 0.5 No

Question 54
Which is the first step in Strategic management process?

Response: Environmental scan

Correct answer: Environmental scan

Score: 0.5 out of 0.5 Yes

Question 55
"Which refers to the partnerships between the local authority departments, services and associated agencies who are collectively responsible for meeting the needs of looked
after children, young people and care leavers?
"

Response: Corporate Parenting

Correct answer: Corporate Parenting

Score: 0.5 out of 0.5 Yes

Question 56
The word “Macro environment” refers to the elements that have what kind of influence?

Response: Indirect

Correct answer: Indirect

Score: 0.5 out of 0.5 Yes

Question 57
What does India’s national monetary policy authority’s name stand for?

Response: RBI

Correct answer: RBI

Score: 0.5 out of 0.5 Yes

Question 58
Which is the highest level strategy in business?

Response: Corporate strategy

Correct answer: Corporate strategy

Score: 0.5 out of 0.5 Yes

Question 59
NI MSME is incharge of :

Response: Enterprise promotion and entrepreneurship development

Correct answer: Enterprise promotion and entrepreneurship development

Score: 0.5 out of 0.5 Yes

Question 60
Which of the following PSU do not have a separate entity status?

Response: Departmental undertakings

Correct answer: Departmental undertakings

Score: 0.5 out of 0.5 Yes

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MODEL QUESTION PAPER
Course: Business Environment Strategy

1. The persistent examination and analysis of the business environment both inside and outside of
an organization is known as which of the following?

a) PESTEL Analysis

b) Environmental scanning

c) Value chain analysis

d) SWOT Analysis

2. An action taken by management to achieve one or more of the organization’s objectives:

a) Strategy

b) Evaluation

c) Maintenance

d) Scheduling

3. Which of the following is a collaboration between a government agency and the private sector
to supply goods or services to the general public?

a) Departmental Undertaking

b) Statutory Corporation

c) Joint Venture

d) Private Public Partnership

4. Which of the following refers to the act of levying or imposing a tax by a taxing body?

a) Taxation

b) Standardization

c) Demonetization

d) Inflation
5. Marketing strategy is which type of strategy?

a) Business strategy

b) Functional level

c) Growth

d) Corporate

6. What is the starting point of Strategic Intent?

a) Goal

b) Objective

c) Vision

d) Mission

7. What are the guides to decision making?

a) Rules

b) Procedures

c) Goals

d) Policies

8. Which of the following best describes the statement - Retrenchment is

a) When a company experiences declining profits and makes cutbacks to improve efficiency

b) When a company adopts a new strategic position for a product or service

c) The sale of the complete business, either as a single going concern or piecemeal to different
buyers or sometimes by auctioning the assets

d) Implement the marketing function’s strategic planning and management decisions

9. McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At
what level is this decision likely to be made?

a) Business

b) Corporate

c) Functional

d) International

10. What type of strategy is stability strategy?

a) Corporate level

b) Business strategy

c) Strategic management

d) functional level

11. The mission statement of an organization's primary goal is to:

a) Improve the organization's human relations climate

b) Define the organisation’s social mission

c) Define the organisation’s operating structure

d) Improve the organisation’s public relations

12. In the Porter’s Five Forces model, which of the following is NOT included:

a) Potential development of substitute products

b) Bargaining power of suppliers

c) Rivalry among stockholders

d) Rivalry among competing firms

13. Liberalisation means:

a) Policy of planned disinvestment

b) Integrating among economies

c) End of license & reduction of government control

d) Socialisation

14. What refers to making assumptions on what the future is going to be and how your business
environment will change overtime in light of that future?

a) Market Penetration

b) Diversification

c) Scenario Planning

d) Product development

15. Acquiring new customers is which objectives of a business

a) Economic

b) Social

c) Human

d) National

16. Which of the following is considered as obligation and duties of business towards societies?

a) Social Responsibility

b) Status

c) Authority

d) Resource utilization
17. Components of corporate culture does NOT include:

a) Vision and values

b) Practices and people

c) Narrative and place

d) Micromanagement

18. Which of the following is a technique in which an investor sells or offloads an asset or a portion
of an asset?

a) Disinvesting

b) Investing

c) Fund raising

d) Insuring

19. Which of the following is the definition of a budget deficit?

a) Excess of the total expenditure over the total receipts minus interest payments and borrowings

b) Excess of the total expenditure over the total receipts minus interest payments and borrowings

c) Excess of the total expenditure over the total receipts minus interest payments and borrowings

d) Excess of the total expenditure over the total receipts

20. Identify the following, budget is an important part of whom?

a) Fiscal Policy of Government

b) Legislature

c) Commercial Policy of Government

d) Monetary Policy of Government

21. Which criteria among the following will help in showing the fiscal condition of an economy for
the current year?

a) Revenue Deficit

b) Fiscal Deficit

c) Effective Revenue Deficit

d) Primary Deficit

22. Monetary policy is managed by

a) Central bank

b) Finance ministry

c) Commercial banks

d) Board of revenue

23. The process of rapid integration or interconnection between countries due to greater foreign
investment is known as:

a) Integration of markets

b) International Trade

c) MNC

d) Globalisation

24. The most common route for investments by MNC's in countries around the world is to

a) Set up new factories

b) Buy existing local companies

c) Form partnerships with local companies

d) Try to tie-up with the government

25. A global consumer culture means that:

a) cultural traditions and values are converging around the world.

b) there is a world-wide demand for the same global brands.

c) consumers are becoming very similar around the world

d) national cultures are disappearing around the world

26. Strategy implementation focuses on -

a) Efficiency

b) Co-ordination

c) Crafting of strategies

d) Supporting factors

27. Which of the following is concerned with assisting corporate and business strategies?

a) Competitive

b) Corporate strategy

c) Operational strategy

d) National strategy

28. In any organization, several levels of strategic decision-making and strategy creation include
which of the following?

a) Corporate Level and Business Level

b) Corporate Level and Functional Level

c) Business Level and Functional Level

d) Corporate, Business and Functional Level

29. which of the following examines if the strategy is being executed as planned and whether the
outcomes are as expected.

a) Strategic analysis

b) Strategic control

c) Strategy formulation

d) Strategy implementation

30. What is the name for the process of merging and quick unification of countries?

a) Globalisation

b) Liberalization

c) Privatisation

d) Socialisation