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Business Environment - Business Environment Section 2 Online Exam Quiz

Important questions about Business Environment - Business Environment Section 2. Business Environment - Business Environment Section 2 MCQ questions with answers. Business Environment - Business Environment Section 2 exam questions and answers for students and interviews.

1. The foreign exchange management bill was introduced by the Government of India in parliament in

Options

A : 1996

B : 1997

C : 1998

D : 1999

2. What was the percentage growth rate of the secondary sector in 2011-12?

Options

A : 1.87%

B : 2.3%

C : 2.9%

D : 3.6%

3. Industrial Reconstruction Corporation of India (IRCI) is a

Options

A : Company

B : Non-statutory corporation

C : Statutory Corporation

D : Non-corporate entity

4. Sick units are referred to

Options

A : FIPB

B : BIFR

C : SIA

D : DGTD

5. By which act, the government checks restrictive trade practices?

Options

A : FEMA 1997

B : Consumer protection act 1986

C : Industrial Policy Act 1991

D : None of the above

46. Which policy is concerned with raising revenue through taxation and deciding on the level and pattern of the expenditure?

Options

A : Monetary Policy

B : Fiscal Policy

C : Cash Policy

D : None of the above

47. ---------- is concerned with the Withdrawal of State from an industry or sector, partially or fully.

Options

A : Liberalization

B : Modernization

C : Privatization

D : Globalization

48. Indian economy is an example of

Options

A : Capitalist economy

B : Closed economy

C : Mixed economy

D : None of these

49. Which act was replaced with the introduction of the Competition Act 2002?

Options

A : FERA

B : MRTP

C : POTA

D : None of these

50. ----------- is an Act to control and regulate the concentration of economic power to the common detriment?

Options

A : IRDA Act

B : MRTP Act

C : ILO Act

D : FERA

51. -------- is concerned with holding a balance between economic and social goals and between individual and communal goals.

Options

A : Corporate Management

B : Corporate Governance

C : Business ethics

D : None of these

52. The policy of Government related to Export and Import is

Options

A : IMEX policy

B : EXIM policy

C : Export policy

D : None of these

53. ----------- is concerned with all current expenditure of the Government on administration.

Options

A : Revenue expenditure

B : Capital expenditure

C : Total expenditure

D : None of these

54. -------- is an economic system where the means of production are owned and managed by the State

Options

A : Capitalism

B : Socialism

C : Mixed economy

D : Common economy

55. Which of the following is not a part of the economic environment of business?

Options

A : Competitive environment

B : Economic System

C : Changes in Patent Laws

D : None of these

56. Which of the following is not an essential feature of the social environment?

Options

A : Competitiveness

B : Respect for the individual

C : Better quality of Life

D : Bailment

57. ------- is concerned with the obligation and duties of business to society.

Options

A : Social responsibility

B : Status

C : Authority

D : None of these

58. -------- consists of economic conditions, economic policies, industrial policies, and economic system.

Options

A : Business Environment

B : Economic Environment

C : Natural environment

D : None of the above

59. External environment of business is

Options

A : Physical

B : Demographical

C : Economic

D : All of these

60. The low-income economies are sometimes referred to as -

Options

A : First World

B : Second World

C : Third world

D : None of these

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