Download App

OCM MCQ

BUSINESS ENVIROMENT · Gujarat Board (GSEB) STD 12 Commerce (GSEB - English Medium). 48 questions.

Questions

MCQ

🎯

Test yourself on this topic

48 questions · timed · auto-graded

MCQ 11 Mark
Which of the following is not the benefit of privatization?
  • A
    Increase in productivity.
  • B
    Absence of political interference.
  • ✓
    Exploitation of employees.
  • D
    Use of modern technology.
Answer
Correct option: C.
Exploitation of employees.
View full question & answer→
MCQ 21 Mark
At present, which act is prevalent for foreign exchange in India?
  • A
    $FERA$
  • B
    $FECA$
  • C
    $FESA$
  • ✓
    $FEMA$
Answer
Correct option: D.
$FEMA$
View full question & answer→
MCQ 31 Mark
In which year did consumer protection act  came into existence?
  • A
    $1951$
  • B
    $1955$
  • C
    $1969$
  • ✓
    $1986$
Answer
Correct option: D.
$1986$
View full question & answer→
MCQ 41 Mark
In which year standardized weights and measures act came into existence?
  • A
    $1951$
  • B
    $1955$
  • ✓
    $1969$
  • D
    $1986$
Answer
Correct option: C.
$1969$
View full question & answer→
MCQ 51 Mark
In which year did trade mark act came into existence?
  • A
    $1951$
  • B
    $1955$
  • ✓
    $1969$
  • D
    $1986$
Answer
Correct option: C.
$1969$
View full question & answer→
MCQ 61 Mark
In which year did essential commodities act came into existence?
  • A
    $1951$
  • ✓
    $1955$
  • C
    $1969$
  • D
    $1986$
Answer
Correct option: B.
$1955$
View full question & answer→
MCQ 71 Mark
Which of the following option is benefit of privatization?
  • A
    Misuse of power by the top bureaucrats.
  • B
    Unequal distribution of income & wealth.
  • C
    Exploitation of consumers.
  • ✓
    Production of quality goods and services.
Answer
Correct option: D.
Production of quality goods and services.
View full question & answer→
MCQ 81 Mark
In which year the industrial development and regulation act came into force?
  • ✓
    $1951$
  • B
    $1955$
  • C
    $1969$
  • D
    $1986$
Answer
Correct option: A.
$1951$
View full question & answer→
MCQ 101 Mark
Which of the following is a negative effect of privatization?
  • A
    Exploitation of employees
  • B
    Misuse of powers by top management
  • C
    Over utilization of factors of production
  • ✓
    Both $(A)$ and $(B)$
Answer
Correct option: D.
Both $(A)$ and $(B)$
View full question & answer→
MCQ 111 Mark
$........$ is not a benefit of privatization.
  • A
    Creation of competitive environment
  • B
    Maximum utilization of factors of production
  • C
    Growth of infrastructural facilities
  • ✓
    None of these
Answer
Correct option: D.
None of these
View full question & answer→
MCQ 121 Mark
Which of the following was not a reason of privatization?
  • A
    Bureaucracy
  • B
    Absence of accountability
  • C
    Growing influence of labour unions
  • ✓
    Dearth of capital
Answer
Correct option: D.
Dearth of capital
View full question & answer→
MCQ 151 Mark
The full form of $GST$ is
  • A
    Goods Sold Tax
  • B
    Goods and Sales Tax
  • ✓
    Goods and Service Tax
  • D
    Goods and Services sold Tax
Answer
Correct option: C.
Goods and Service Tax
View full question & answer→
MCQ 161 Mark
The policy of liberalization, privatization and globalization was declared in $........$
  • A
    June $1999$
  • ✓
    July $1991$
  • C
    May $1995$
  • D
    August $1992$
Answer
Correct option: B.
July $1991$
View full question & answer→
MCQ 171 Mark
In India, there were several restrictions on private business units between the year
  • ✓
    $1947$ and $1991$
  • B
    $1951$ and $1991$
  • C
    $1991$ and $2001$
  • D
    $1959$ and $1999$
Answer
Correct option: A.
$1947$ and $1991$
View full question & answer→
MCQ 181 Mark
Which of the following is not a trade related act?
  • A
    Essential Commodities Act $1955$
  • B
    $MRTP$ Act $1951$
  • C
    Consumer Protection Act $1986$
  • ✓
    None of these
Answer
Correct option: D.
None of these
View full question & answer→
MCQ 191 Mark
The macroeconomic policy laid down by the central bank with respect to management of money supply, rate of interest, etc. is called the $........$ policy.
  • A
    Budgetary
  • B
    Financial
  • C
    Fiscal
  • ✓
    Monetary
Answer
Correct option: D.
Monetary
View full question & answer→
MCQ 201 Mark
If the distribution is quite unequal then there will be very high demand of goods and services.
  • ✓
    Luxurious and prestigious
  • B
    Basic need
  • C
    Cheap and long lasting
  • D
    Cheap but functional
Answer
Correct option: A.
Luxurious and prestigious
View full question & answer→
MCQ 211 Mark
In underdeveloped countries, resources are
  • A
    Used excessively
  • ✓
    Underutilized
  • C
    Hardly used
  • D
    Not at all explored
Answer
Correct option: B.
Underutilized
View full question & answer→
MCQ 221 Mark
Who takes major decisions in socialist economy?
  • A
    Public
  • B
    Producers
  • ✓
    Government
  • D
    Both $(A)$ and $(C)$ together
Answer
Correct option: C.
Government
View full question & answer→
MCQ 231 Mark
The economic system which is controlled and regulated by the government so as to ensure welfare and equal opportunity for people of the society is known as $........$
  • A
    Capitalist system
  • B
    Democratic system
  • ✓
    Socialist system
  • D
    Mixed economy
Answer
Correct option: C.
Socialist system
View full question & answer→
MCQ 241 Mark
Which of the following is not an external factor affecting business environment?
  • A
    Degree of economic development
  • B
    Economic systems
  • ✓
    None of these
  • D
    Regional development and international integration
Answer
Correct option: C.
None of these
View full question & answer→
MCQ 251 Mark
Which of the following is notan internal factor affecting business environment?
  • A
    Business objectives
  • B
    Employees
  • C
    Managerial systems
  • ✓
    Legal system
Answer
Correct option: D.
Legal system
View full question & answer→
MCQ 261 Mark
$........$ is not an advantage of business environment.
  • A
    Grabbing opportunity
  • B
    Sensitivity of management
  • C
    Identifying dangers
  • ✓
    Continuous investment
Answer
Correct option: D.
Continuous investment
View full question & answer→
MCQ 271 Mark
Which of the following companies have to update themselves the most?
  • A
    Automobile
  • ✓
    $IT$
  • C
    Building and construction
  • D
    Agriculture
Answer
Correct option: B.
$IT$
View full question & answer→
MCQ 281 Mark
Which factor does not affect business environment?
  • A
    Social
  • B
    Political
  • ✓
    Personal
  • D
    Legal
Answer
Correct option: C.
Personal
View full question & answer→
MCQ 291 Mark
Which countries started globalization?
  • ✓
    Developed countries.
  • B
    Developing countries.
  • C
    Partially developed countries.
  • D
    Under developed countries.
Answer
Correct option: A.
Developed countries.
View full question & answer→
MCQ 301 Mark
Due to globalization political boundaries of the country are removed?
  • A
    Banking
  • B
    Insurance
  • C
    Communication
  • ✓
    All of the given.
Answer
Correct option: D.
All of the given.
View full question & answer→
MCQ 311 Mark
World trade organization $(WTO)$ is active in which of the following activities?
  • A
    Issues license of import-export.
  • B
    Foreign exchange.
  • ✓
    Remove obstacles of globalization.
  • D
    Issues import-export orders.
Answer
Correct option: C.
Remove obstacles of globalization.
View full question & answer→
MCQ 321 Mark
After which year due to privatization the importance of public sector was continuously decreasing?
  • A
    $1995$
  • ✓
    $1991$
  • C
    $1981 $
  • D
    $1948$
Answer
Correct option: B.
$1991$
View full question & answer→
MCQ 331 Mark
Which period had been the most important for public sector was continuously decreasing?
  • ✓
    $1951$ to $1991$
  • B
    $1947$ to $1955$
  • C
    $1950$ to $1961$
  • D
    $1995$ to $2001.$
Answer
Correct option: A.
$1951$ to $1991$
View full question & answer→
MCQ 341 Mark
How much liberal is the reserve bank of India for the banks to determine lending rates and interest rates on deposit?
  • A
    Total liberal
  • B
    Partial liberal
  • ✓
    Conditionally liberal
  • D
    $50\%$ liberal.
Answer
Correct option: C.
Conditionally liberal
View full question & answer→
MCQ 351 Mark
Which period in India was of controlled environment for trade and commerce?
  • A
    $1947$ to $1951$
  • B
    $1950$ to $1990$
  • C
    $1948$ to $1956$
  • ✓
    $1947$ to $1991$
Answer
Correct option: D.
$1947$ to $1991$
View full question & answer→
MCQ 361 Mark
Which of the following is adopted in India as part of liberal industrial policy?
  • A
    Increase import.
  • B
    Increase export.
  • ✓
    Maximum use of the machine.
  • D
    Use of technology.
Answer
Correct option: C.
Maximum use of the machine.
View full question & answer→
MCQ 371 Mark
Which of the following factors is often ignored by management?
  • A
    Political
  • ✓
    Cultural
  • C
    Financial
  • D
    Social.
Answer
Correct option: B.
Cultural
View full question & answer→
MCQ 381 Mark
Which of the following is not included in society?
  • A
    Human community
  • ✓
    Social evils
  • C
      Social institutions
  • D
    Social traditions.
Answer
Correct option: B.
Social evils
View full question & answer→
MCQ 391 Mark
What does national income distribution among different class of society suggest?
  • ✓
    Economic difference.
  • B
    Social difference.
  • C
    Educational difference.
  • D
    Wealth difference.
Answer
Correct option: A.
Economic difference.
View full question & answer→
MCQ 401 Mark
Which of the following play key role in the development of the nation?
  • A
    Agricultural sector
  • B
    Industrial sector
  • C
    Service sector
  • ✓
    All of the given.
Answer
Correct option: D.
All of the given.
View full question & answer→
MCQ 411 Mark
In determination of the following does economic system play important role?
  • A
    Rate of interest
  • B
    Bank rate
  • ✓
    Business structure
  • D
    Primary structure.
Answer
Correct option: C.
Business structure
View full question & answer→
MCQ 421 Mark
What is the meaning of capitalist economic system?
  • A
    More investment
  • B
    Mechanization
  • ✓
    Free Trade
  • D
    Accumulation of wealth.
Answer
Correct option: C.
Free Trade
View full question & answer→
MCQ 431 Mark
Due to which of the following reasons mangers has become more sensitive towards management?
  • A
    Television
  • B
    Mobile phone
  • C
    Washing machine
  • ✓
    Air conditioner.
Answer
Correct option: D.
Air conditioner.
View full question & answer→
MCQ 441 Mark
Which things are demanded due to customer’s economic condition and selection?
  • A
    Government regulations.
  • ✓
    Factors of business environment.
  • C
    Customers unions.
  • D
    Various factors of market.
Answer
Correct option: B.
Factors of business environment.
View full question & answer→
MCQ 451 Mark
Which aspects of unit is affected by cultural factors?
  • ✓
    Decision process
  • B
    Development of business.
  • C
    Export activity
  • D
    Import activity.
Answer
Correct option: A.
Decision process
View full question & answer→
MCQ 461 Mark
In which year did liberalization, privatization and globalization started in India?
  • A
    $1951$
  • ✓
    $1991$
  • C
    $2001$
  • D
    $2011$
Answer
Correct option: B.
$1991$
View full question & answer→
MCQ 471 Mark
Which type of economy has India adopted?
  • A
    Democratic
  • B
    Socialist
  • C
    Communist
  • ✓
    Mixed.
Answer
Correct option: D.
Mixed.
View full question & answer→
Generate Paper FreeAll BUSINESS ENVIROMENT topics
MCQ - OCM STD 12 Commerce Questions - Vidyadip