Business Environment(12th Grade > Business Studies ) Questions and Answers

Question 1.


The new economic policy consisted of ___,___ and ___


  1.     Liberalisation, globalisation and privatisation
  2.     Privatisation, urbanisation and liberalisation
  3.     Globalisation, Urbanisation and Industrialisation
  4.     None of these
Explanation:-
Answer: Option A. -> Liberalisation, globalisation and privatisation
:
A

The new economic policy consisted of liberalisation, globalisation and privatisation.


Question 2.


Which of the following does not characterise the business environment?


  1.     Relativity
  2.     Complexity
  3.     Uncertainity
  4.     Employees
Explanation:-
Answer: Option D. -> Employees
:
D

Employees do not characterise the business environment.


Question 3.


With banning of ___ and___ notes the country moved one step towards digitalisation.


  1.     500 and 1000
  2.     200 and 2000
  3.     100 and 500
  4.     500 and 2000
Explanation:-
Answer: Option A. -> 500 and 1000
:
A

With banning of 500 and 1000 notes the country moved one step towards digitalisation.


Question 4.


Two economic factors that influence the business environment.


  1.     1. Money supply in the economy 2. Closure of uncompetitive firms
  2.     1. Money supply in the economy 2. Planned outlay of government expenditure
  3.     1. Money supply in the economy 2. Acquistions and mergers are increasing
  4.     1. Money supply in the economy 2. Statutiry warnings prescribed under law
Explanation:-
Answer: Option B. -> 1. Money supply in the economy 2. Planned outlay of government expenditure
:
B

Two economic factors that influence the business environment are :


1. Money supply in the economy


2.Planned outlay of government expenditure


Question 5.


Freedom in fixing prices of goods and services and the reduction in sales tax rates is ___.


  1.     Globalisation 
  2.     Liberalisation 
  3.     Urbanisation 
  4.     Privatisation 
Explanation:-
Answer: Option B. -> Liberalisation 
:
B

Freedom in fixing prices of goods and services and the reduction in sales tax rates is Liberalisation. 


Question 6.


Which of the following is an example of social environment?


  1.     Life expectancy
  2.     Public debt
  3.     Consumer protection act
  4.     None of these
Explanation:-
Answer: Option A. -> Life expectancy
:
A

Life expectancy is an example of social environment.


Question 7.


State the four dimensions of business environment.


  1.     1. Economic 2. Social 3. Political 4. Legal
  2.     1. Economic 2. Social 3. Political 4. Cultural
  3.     1. Economic 2. Social 3. Techonological 4. Cultural
  4.     1. Enviornmental 2. Social 3. Political 4. Cultural
Explanation:-
Answer: Option A. -> 1. Economic 2. Social 3. Political 4. Legal
:
A

The four major dimensions of business enviornment are:


1. Economic


2. Social


3. Political


4. Legal


Question 8.


What is included in 'political environment' of business?


  1.     1.  Political System 2. Stock market indices
  2.     1. Political System 2. Changes in disposable income of people
  3.     1. Political System 2. Constitutional Framework
  4.     All of the above
Explanation:-
Answer: Option C. -> 1. Political System 2. Constitutional Framework
:
C

The following components are included in political environment of business:


1. Political System


2. Constitutional Framework


Question 9.


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


  1.     Foreign Trade
  2.     Foreign Investment
  3.     Both (A) and (B)
  4.     None of the above
Explanation:-
Answer: Option C. -> Both (A) and (B)
:
C

Globalisation is the term used to describe the process of removal of the restriction on foreign trade and investment .


Question 10.


Relaxing the restrictions and controls imposed on business and industry means


  1.     Globalisation
  2.     Liberalisation
  3.     Privatisation
  4.     None of these
Explanation:-
Answer: Option B. -> Liberalisation
:
B

Relaxing the restrictions and controls imposed on business and industry means liberalisation.


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