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Business Studies M.C.Q (1 Marks)

Business Environment · CBSE STD 12 Commerce (CBSE - English Medium). 42 questions.

Questions

M.C.Q (1 Marks)

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42 questions · timed · auto-graded

MCQ 11 Mark
Which of he following does not characterise the business environment?
  • A
    Uncertainty
  • ✓
    Employees
  • C
    Relativity
  • D
    Complexity.
Answer
Correct option: B.
Employees
Employees does not characterise the business environment.
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MCQ 21 Mark
Liberalisation, globalisation and privatisation are the aims of:
  • A
    Economic planning.
  • B
    Land reforms.
  • C
    Socialistic pattern of society.
  • ✓
    Economic reforms.
Answer
Correct option: D.
Economic reforms.
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MCQ 31 Mark
_________ assists in planning and helps in policy formation:
  • A
    Group dynamics.
  • ✓
    Business environment.
  • C
    Turn around management.
  • D
    None of the above.
Answer
Correct option: B.
Business environment.
Since, business environment is a source of identifying both opportunities and threats, its proper analysis and understanding provides the base for planning and guides in framing policies.
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MCQ 41 Mark
On which date $PM$ Modi announced demonetisation?
  • A
    $13^{th}$ November $,2016$.
  • ✓
    $8^{th}$ November $,2016$.
  • C
    $18^{th}$ November $,2016$.
  • D
    $8^{th}$ October $,2016$.
Answer
Correct option: B.
$8^{th}$ November $,2016$.
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MCQ 51 Mark
Which of the following does not explain the impact of Government policy changes on business and industry?
  • A
    More demanding customers
  • B
    Increasing competition
  • ✓
    Change in agricultural prices
  • D
    Market orientation.
Answer
Correct option: C.
Change in agricultural prices
Change in agricultural prices does not exotom the impact of Government policy changes on business and industry.
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MCQ 61 Mark
Demand for reservation in jobs for minorities refers to the $........$ component of general environment of business:
  • ✓
    Social environment.
  • B
    Legal environment.
  • C
    Political environment.
  • D
    None of these.
Answer
Correct option: A.
Social environment.
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MCQ 71 Mark
Which of the following is not a challenge faced by business due to LPG policy changes?
  • A
    Increasing competition.
  • B
    Rapid changes in technological environment.
  • ✓
    Lesser need for developing human resources.
  • D
    None of the above.
Answer
Correct option: C.
Lesser need for developing human resources.
Due to changes in LPG policy, businesses have to face many challenges viz. increasing competition, more demanding customers, rapidly changing technological environment, need for developing human resource, etc. Therefore, need for developing human resource has increased instead of reducing.
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MCQ 81 Mark
Terrorism in Jammu and Kashmir has badly affected tourism industry in the state. Name the environment highlighted in above statement:
  • A
    Social Environment.
  • ✓
    Political Environment.
  • C
    Legal Environment.
  • D
    Technological Environment.
Answer
Correct option: B.
Political Environment.
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MCQ 91 Mark
Business environment is$........,$ as it consists of inter$-$related factors affecting business enterprises at the same time:
  • A
    Simple.
  • ✓
    Complex.
  • C
    Dynamic.
  • D
    Either $(a)$ or $(c).$
Answer
Correct option: B.
Complex.
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MCQ 101 Mark
Which of the following is not an example of legal environment?
  • A
    Baby food advertisement must inform the potential buyers that mother's milk is the best.
  • B
    Every advertisement of cigarettes should carry the warning that “cigarettes are injurious to health”.
  • C
    The government of India has banned the advertisement of alcoholic product.
  • ✓
    Shift in demand from typewriter to computer.
Answer
Correct option: D.
Shift in demand from typewriter to computer.
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MCQ 111 Mark
Business enterprises cannot work in:
  • ✓
    Isolated environment.
  • B
    Complex management.
  • C
    Uncertain management.
  • D
    None of these.
Answer
Correct option: A.
Isolated environment.
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MCQ 121 Mark
$........$ refer to changes and inclination towards new products:
  • A
    Traditions.
  • B
    Values.
  • ✓
    Trends.
  • D
    None of these.
Answer
Correct option: C.
Trends.
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MCQ 131 Mark
Subsidy to cotton textile industry is an example of $........$
  • A
    Economic environment.
  • B
    Social environment.
  • C
    Legal environment.
  • ✓
    Political environment.
Answer
Correct option: D.
Political environment.
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MCQ 141 Mark
Globalisation means:
  • A
    Removal of unnecessary government control and restrictions from business and industries.
  • B
    Reducing the role of public sector.
  • ✓
    Integration of various economies of the world.
  • D
    Reduction in tax rate by the government.
Answer
Correct option: C.
Integration of various economies of the world.
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MCQ 151 Mark
$........$ is concerned with the withdrawal of State from an industry or sector, partially or fully:
  • A
    Liberalisation.
  • B
    Modernisation.
  • ✓
    Privatisation.
  • D
    Globalisation.
Answer
Correct option: C.
Privatisation.
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MCQ 161 Mark
Obstacles to privatisation are:
  • A
    Opposition by labourers.
  • B
    Problem of financing.
  • C
    Political pressure.
  • ✓
    All of these.
Answer
Correct option: D.
All of these.
Privatisation includes transfer of ownership of government businesses to private hands due to which it has to face stiff resistance from employees of those undertakings and from opposition political parties, alongwith that funds are required in huge amounts.
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MCQ 171 Mark
Liberalisation means:
  • A
    Integration among economies
  • ✓
    Reduced government controls and restrictions
  • C
    Policy of planned disinvestments
  • D
    None of them.
Answer
Correct option: B.
Reduced government controls and restrictions
Liberalisation means end of license, quota and reduction of government controls and restrictions
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MCQ 181 Mark
Which of the following option correctly describes the difference between specific and general forces of business environment?
  • ✓
    Specific forces affect the individual enterprise directly, whereas general forces have indirect impact on all business enterprises.
  • B
    General forces have direct impact on individual enterprise, whereas specific forces have indirect impact on business enterprise.
  • C
    Specific forces does not affect an enterprise at all, whereas general forces affects directly on all business enterprises.
  • D
    None of the above.
Answer
Correct option: A.
Specific forces affect the individual enterprise directly, whereas general forces have indirect impact on all business enterprises.
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MCQ 191 Mark
Which of the following does not come under the dimensions of business environment?
  • A
    Economic.
  • B
    Social.
  • C
    Legal.
  • ✓
    Emotional.
Answer
Correct option: D.
Emotional.
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MCQ 201 Mark
What is included in legal environment of business?
  • A
    Several acts passed by government.
  • B
    Court judgements.
  • C
    Statutory warning prescribed under law
  • ✓
    All of the above.
Answer
Correct option: D.
All of the above.
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MCQ 211 Mark
The impact of changes in government policy on business and industry is$/$ are:
  • A
    Increasing competition.
  • B
    More demanding customers.
  • C
    Rapidly changing technological environment.
  • ✓
    All of these.
Answer
Correct option: D.
All of these.
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MCQ 221 Mark
An economy is truly global, where there is:
  • A
    Freedom in taking decisions regarding expansion and contraction of business.
  • ✓
    Free flow of goods and services across the nations.
  • C
    Disinvestment of public sector.
  • D
    Reduction in tax rate.
Answer
Correct option: B.
Free flow of goods and services across the nations.
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MCQ 231 Mark
Which environment prohibits the advertisement of alcoholic beverages?
  • A
    Economic.
  • B
    Social.
  • ✓
    Legal.
  • D
    Technological.
Answer
Correct option: C.
Legal.
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MCQ 241 Mark
Which dimension of business environment requires putting a statutory warning on the packets of tobacco products?
  • A
    Technological environment.
  • B
    Economic environment.
  • ✓
    Legal environment.
  • D
    All of the above.
Answer
Correct option: C.
Legal environment.
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MCQ 251 Mark
The positive effects of liberalisation and globalization on business and industry are:
  • A
    All round competition.
  • B
    World class technology.
  • ✓
    Both $(a)$ and $(b).$
  • D
    Neither $(a)$ nor $(b).$
Answer
Correct option: C.
Both $(a)$ and $(b).$
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MCQ 261 Mark
Identify the examples of changes in business environment that affect business enterprises:
  • A
    Increase in taxes by government can make products expensive, causing reduced demand.
  • B
    Change in taste and fashion may shift demand.
  • C
    Technological improvements may render existing products obsolete.
  • ✓
    All of the above.
Answer
Correct option: D.
All of the above.
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MCQ 271 Mark
Which of the following best indicates the importance of business environment?
  • A
    Identification
  • B
    Improvement in performance
  • C
    Coping with rapid changes
  • ✓
    All of them.
Answer
Correct option: D.
All of them.
Identification, Improvement In performance, coping with rapid changes all are the indicators of importance of business environment.
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MCQ 281 Mark
The components of social environment is$/$are:
  • A
    Expectations from workforce.
  • B
    Educational system and literacy rates.
  • C
    Birth and death rates.
  • ✓
    All of the above.
Answer
Correct option: D.
All of the above.
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MCQ 291 Mark
$........$ reduces the control of government and encourages private participation:
  • ✓
    Liberalisation.
  • B
    Privatisation.
  • C
    Globalisation.
  • D
    None of these.
Answer
Correct option: A.
Liberalisation.
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MCQ 301 Mark
Which of the following statements regarding privatisation is correct?
  • A
    Privatisation is panacea for all economic problems.
  • B
    Privatisation always leads to attaining social and economic efficiency.
  • ✓
    Privatisation may result in unbalanced development of industries in the country.
  • D
    None of the above.
Answer
Correct option: C.
Privatisation may result in unbalanced development of industries in the country.
Privatisation is the process of reducing the role of public sector in the economic activities of a country. It consists of transfer of government ownership to private sector and transfer of control and management of public sector undertaking to private sector.
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MCQ 311 Mark
"Nothing can be said with certainty about the factors of business environment". Why?
  • A
    Because business environment is simple.
  • ✓
    Because business environment is dynamic.
  • C
    Because business environment is certain.
  • D
    Because business environment is inter-related.
Answer
Correct option: B.
Because business environment is dynamic.
b. Because business environment is dynamic.
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MCQ 321 Mark
The economic reforms of $1991$ or New Economic Policy aimed at:
  • A
    Liberalisation.
  • B
    Privatisation.
  • C
    Globalisation.
  • ✓
    All of these.
Answer
Correct option: D.
All of these.
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MCQ 331 Mark
Just after declaration of Lok Sabha elections $2009$ results, the Bombay Stock Exchange price index rose by $2100$ points in a day. This statement signifies the effect of which environment?
  • A
    Technological environment.
  • ✓
    Political environment.
  • C
    Legal environment.
  • D
    Economic environment.
Answer
Correct option: B.
Political environment.
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MCQ 341 Mark
$........$ is the process of analysing the environment for the identification of factors which have impact on or have implication for the business:
  • A
    Environment forecasting.
  • B
    Environment assessment.
  • ✓
    Environment scanning.
  • D
    None of these.
Answer
Correct option: C.
Environment scanning.
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MCQ 351 Mark
Which dimension of business environment is concerned with improvement and innovations, which provides new ways of producing goods and services?
  • ✓
    Technological environment.
  • B
    Economic environment.
  • C
    Legal environment.
  • D
    None of the above.
Answer
Correct option: A.
Technological environment.
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MCQ 361 Mark
"Trends refer to changes and inclination towards new products and services”. This statement describes significant effect of which environment on business?
  • A
    Economic environment.
  • ✓
    Social environment.
  • C
    Political environment.
  • D
    None of the above.
Answer
Correct option: B.
Social environment.
New trends in society leads to inclination of people towards new products and services. For example, increasing trends of physical fitness in the society has increased demand for gyms, diet supplements, mineral water, etc.
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MCQ 371 Mark
Booking of railway tickets through internet from home is an example of:
  • A
    Economic environment.
  • B
    Political environment.
  • ✓
    Technological environment.
  • D
    None of these.
Answer
Correct option: C.
Technological environment.
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MCQ 381 Mark
Demand for $\text{LED TVs}$ are increasing day by day. Thus$, \text{TV}$ manufacturers have started making $\text{LED TVs}$ instead of $\text{LCD}.$ Identify the significance of business environment being portrayed in the given case:
  • A
    Helpful in tapping useful resources.
  • B
    Helps the firm to identify threats and early warning signals.
  • ✓
    Helps in coping with rapid changes.
  • D
    All of the above.
Answer
Correct option: C.
Helps in coping with rapid changes.
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MCQ 391 Mark
As a foreign tourist visited India, he noticed that Indian markets, tastes, trends and regulations were different from that of his country. Which feature of business environment is reflected here?
  • A
    Business environment has uncertainty.
  • B
    Business environment is dynamic.
  • ✓
    Business environment is a relative concept.
  • D
    All of the above.
Answer
Correct option: C.
Business environment is a relative concept.
Business environment is a relative concept as it differs from country to country and region to region. e.g. Demand for sarees is quite high in India but in foreign countries, it has no existence.
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MCQ 401 Mark
The importance of business environment is:
  • A
    Identifying first mover advantage.
  • B
    Improving in performances.
  • C
    Coping with rapid changes.
  • ✓
    All of these.
Answer
Correct option: D.
All of these.
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MCQ 411 Mark
Which of the following is an example of social environment?
  • A
    Money supply in the economy
  • B
    Consumer Protection Act
  • C
    The Constitution of the country
  • ✓
    Composition of family.
Answer
Correct option: D.
Composition of family.
Social environment includes social forces thus, composition of families is the example of social environment
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MCQ 421 Mark
Which of the following is not an example of social environment?
  • A
    Equal pay to male and female workers for equal work.
  • B
    Import of animal fat for manufacturing Vanaspati ghee was banned by the government.
  • ✓
    Cell phone have taken over the market from landline phone.
  • D
    All of these.
Answer
Correct option: C.
Cell phone have taken over the market from landline phone.
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M.C.Q (1 Marks) - Business Studies STD 12 Commerce Questions - Vidyadip