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Business Environment And Law - Business Environment Online Exam Quiz

Important questions about Business Environment And Law - Business Environment. Business Environment And Law - Business Environment MCQ questions with answers. Business Environment And Law - Business Environment exam questions and answers for students and interviews.

1. Which of the following is not a business opportunity generated by Globalisation?


A : Access to low-cost labor

B : Cheap International Transport

C : Currency Crisis

D : Less stringent regulations of the Business Environment

2. The sale of sub-standard and hazardous goods under defined conditions constitute


A : Restrictive Trade Practice

B : Unfair Trade Practice


D : None of these

3. -------- is a social movement seeking to augment the rights and powers of buyers.


A : Consumer Movement

B : Consumerism

C : Flows

D : None of these

4. Secondary screening involves


A : An external environmental analysis

B : Risk analysis

C : External environment analysis and risk analysis

D : A competitor analysis

5. What does the PPP or P3 initiative refer to?


A : Public Policy Papers

B : Public-Private Partnership

C : Private Procurement Production

D : Personal Production Proposal

46. Which one of the following laws controlled over the merger, Amalgamations, takeovers, etc.?




C : M.R.T.P.

D : D.R.

48. Choose the correct statement:


A : the public sector would play useful in augmenting basic resources of a country like land, forest, water

B : the public sector will have responsibility for meeting social need

C : the public sector would not playa useful role in population controls

D : only (A) and (B)

49. The expanded production of fertilizers, textiles & buildings require some


A : power production

B : domestic production of the necessary capital goods

C : economical growth

D : none of these

50. Assertion (A). The private location process leads to a change in management with a change in ownership. Reason (R). Change in management is not a necessary condition for the process of privatization.


A : Both (A) and (R) are correct.

B : (A) is correct but (R) is incorrect.

C : (A) is incorrect but (R) is correct.

D : Both (A) and (R) are incorrect.

51. One of the criticisms leveled against the development strategy in India is that ............ .should have been given greater importance than industry.


A : agricultural sector

B : private sector

C : public sector

D : hilly sector

52. Which act gave the Government enormous control over the management?


A : Company's act

B : Industrial act

C : M.R.T.P. Act

D : Both (A) and (B)

53. The most promising source of saving to finance development is


A : the profits of the organized sector

B : profits of railway

C : profits of the Government sector

D : only the profit of the private sector

54. Assertion (A). The industrial policy of 1991 initiated the liberalization of the Indian economy. Reason (R). Industrial growth was very slow before 1991.


A : Both (A) and (R) are true and (R) is the correct explanation of (A).

B : Both (A) and (R) are true but (R) is not the correct explanation of (A).

C : (A) is true but (R) is false.

D : (A) is false but (R) is true.

55. Central Government investment in industrial enterprises increased substantially in


A : three decades

B : two decades

C : four decades

D : one decade

56. Which among these is a factor affecting the business Environment?


A : Value System

B : Human Resources

C : Both (A) and (B)

D : Neither (A) nor (B.

57. In which type of industries the public sector units play a dominant role?


A : petro chemical

B : fertilizers

C : steel industries

D : all of the above

58. The "heavy industry" strategy of the Mahalanobis model was initiated in


A : first plan

B : second plan

C : third plan

D : fourth plan

59. Why the public sector took over a number of sick units from the private sector?


A : due to the social obligations of protecting employment

B : due to low manufacturing

C : due to the deficiency of managerial planning

D : none of these

60. What are the weaknesses of the earlier approach to industrial development?


A : it was not efficiently implemented

B : it did not have the wider support of adequate agricultural development

C : it was not fully planned

D : all of the above

61. What is the first factor in Industrial Development?


A : Design

B : surplus of technical skill

C : Planning

D : Motivation

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