Business Environment Online MCQ Set 9

QN01. Business comprises all ______________ seeking activities and enterprises that provides goods and services necessary to an economic system.

  1. Profit.
  2. Loss.
  3. Production.
  4. None of these.
Answer

(A)Profit.

QN02. ______________ are the directives to the various government and non government agencies and are fundamental in the governance of the country.

  1. State policies.
  2. Fundamental rights.
  3. Directive principles.
  4. Fundamental Rules.
Answer

(C)Directive principles.

QN03. The main objective of society and business is ______________.

  1. economic and social objective.
  2. cultural objective.
  3. technological objective.
  4. non objective.
Answer

(A)economic and social objective.

QN04. Developments banks are otherwise called as______________.

  1. LIC.
  2. UTI.
  3. DFI.
  4. Barter.
Answer

(C)DFI.

QN05. Self fulfillment and immediate gratification _______________ cultural values.

  1. decreases.
  2. rises.
  3. diminishes.
  4. slow down.
Answer

(B)rises.

QN06. _______________ change is a potent form for the reconfiguration of industrial boundaries.

  1. Technological.
  2. Economical.
  3. Organizational.
  4. Environmental.
Answer

(A)Technological.

QN07. ____________________________ state can have an elected or hereditary head.

  1. Democratic.
  2. Autocratic.
  3. Socialized.
  4. None of the above.
Answer

(A)Democratic.

QN08. Business environments is encompassed as the climate or set of condition, Economics, social (or)
institutional in which business _______________ are conducted.

  1. operations.
  2. customs.
  3. rituals.
  4. meetings.
Answer

(A)operations.

QN09. Todays business is not characterized by ____________________________.

  1. diversification.
  2. loss.
  3. fight.
  4. conflict.
Answer

(A)diversification.

QN10. Competition is beneficial to the competing firms besides benefiting the ______________.

  1. producers.
  2. intermediaries.
  3. finances.
  4. consumers.
Answer

(D)consumers.

QN11. Goals realization continuously will lead to ______________?

  1. mission fulfillment.
  2. maximum customers.
  3. high revenue.
  4. low revenue.
Answer

(A)mission fulfillment.

QN12. Micro environment is also known as _______________.

  1. Direct.
  2. Indirect.
  3. Same.
  4. Fine.
Answer

(A)Direct.

QN13. Political environments refers to the influence exerted by the ______________ political institutions?

  1. 2
  2. 3
  3. 4
  4. 5
Answer

(B)3

QN14. ______________ plays the watch dog in order to ensure that both function in public interest and within the boundaries of constitution.

  1. Legislature.
  2. Executive.
  3. Judiciary.
  4. None of the above.
Answer

(C)Judiciary.

QN15. ______________ stresses the negative consequences of failure to study the environment

  1. William F.glueck.
  2. Lawrence R.jauch.
  3. Jothi.
  4. None of the above.
Answer

(C)Jothi.

QN16. ______________ involves a degree of purposefulness by manager as he receives information inputs.

  1. Informal research.
  2. Formal research.
  3. Indirect viewing.
  4. Conditioned Viewing.
Answer

(D)Conditioned Viewing.

QN17. _______________ stresses the philosophy of individualism believing in private ownership.

  1. Capitalism.
  2. Socialism.
  3. Marxism.
  4. Developism.
Answer

(A)Capitalism.

QN18. In communism the _______________ determines ones employer and employment.

  1. state.
  2. country.
  3. business.
  4. people.
Answer

(A)state.

QN19. Governments policy towards industries is called as ______________.

  1. economic policy.
  2. industrial policy.
  3. monetary policy.
  4. work policy.
Answer

(B)industrial policy.

QN20. One of the objectives of licensing is to protect ______________ industries against competition of large scale industries.

  1. small scale.
  2. medium scale.
  3. low scale.
  4. high scale.
Answer

(A)small scale.

QN21. The institutionalization involves in _______________ steps.

  1. 2
  2. 3
  3. 4
  4. 5
Answer

(B)3

QN22. The techniques of privatization are contract ______________ and concession.

  1. building.
  2. free.
  3. leases.
  4. hire purchase.
Answer

(C)leases.

QN23. ____________________________ gives financial assistance to small scale industries.

  1. NABARD.
  2. SIDCO.
  3. MSME.
  4. SME.
Answer

(A)NABARD.

QN24. A stock exchange is a market where securities are ________________.

  1. bought.
  2. sold.
  3. bought and sold.
  4. none of the above.
Answer

(C)bought and sold.

QN25. ______________ include knowledge, belief, moral and customs acquired by an individual as a Member of a
society.

  1. Culture.
  2. Structure.
  3. Change.
  4. Environment.
Answer

(A)Culture.

QN26. One spirit of collectivism and individualism is related to ______________ aspects as employee morale.

  1. personnel.
  2. management.
  3. cultural.
  4. social.
Answer

(A)personnel.

QN27. Ackermans model is one of the ______________ responsibility models.

  1. social.
  2. cultural.
  3. environmental.
  4. management.
Answer

(A)social.

QN28. ______________________________ is the position taken by companies that meet their social responsibilities as directed by the law.

  1. Social response.
  2. Social awareness.
  3. Social interest.
  4. Social welfare.
Answer

(A)Social response.

QN29. Technology reaches people through business by different _______________.

  1. machines.
  2. people.
  3. culture.
  4. . value.
Answer

(A)machines.

QN30. The basic objective of the technology policy will be development of indigenous technology and adaptation of imported technology appropriate to ______________ priorities.

  1. national.
  2. international.
  3. interest.
  4. need.
Answer

(A)national.

QN31. ______________ is a statement which derives the role that an organization plays in a society.

  1. Goals.
  2. Mission.
  3. Objective.
  4. Success.
Answer

(B)Mission.

QN32. ______________ stresses the philosophy of individualism believing in private ownership of all agents of production.

  1. Socialism.
  2. Communism.
  3. Capitalism.
  4. Nanoism.
Answer

(A)Socialism.

QN33. What is the main occupation of Kshatriyas?

  1. Engaged in cleaning.
  2. Engaged in trade.
  3. Engaged in army work.
  4. Engaged in ruling.
Answer

(D)Engaged in ruling.

QN34. Reserve Bank of India introduced certificates of deposit in ______________.

  1. 1964.
  2. 1989.
  3. 1986.
  4. 1990.
Answer

(B)1989.

QN35. Ackerman s model is _______________ model.

  1. social responsibility.
  2. computer.
  3. employee.
  4. science.
Answer

(A)social responsibility.

QN36. Obsolescence means ________________ of products.

  1. implementation.
  2. outdated.
  3. assessment.
  4. none of the above.
Answer

(B)outdated.

QN37. The _______________ diversification refers to the process of adding new, but related products or serices.

  1. concentric.
  2. judiciary.
  3. justice.
  4. culture.
Answer

(A)concentric.

QN38. ______________ is a primary mechanism for motivating business activities.

  1. Social relationship.
  2. Profit.
  3. . Customers.
  4. . Assets.
Answer

(B)Profit.

QN39. The ________________ is that part of the enacted environment which the organisation carves out for itself.

  1. Technology.
  2. Machine.
  3. domain.
  4. man.
Answer

(C)domain.

QN40. Competition is beneficial to the competing firms besides benefiting the ______________.

  1. producers.
  2. intermediaries.
  3. finances.
  4. consumers.
Answer

(D)consumers.

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