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Test: Business Environment- 2


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30 Questions MCQ Test Business and Commercial Knowledge | Test: Business Environment- 2

Test: Business Environment- 2 for Commerce 2022 is part of Business and Commercial Knowledge preparation. The Test: Business Environment- 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Business Environment- 2 MCQs are made for Commerce 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Business Environment- 2 below.
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Test: Business Environment- 2 - Question 1

Which can be a method of privation?

Detailed Solution for Test: Business Environment- 2 - Question 1

Denationalization is to remove (an industry or the like) from government ownership or control.Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned. It generally helps governments save money and increase efficiency, where private companies can move goods quicker and more efficiently.
So denationalization is a method of privatization.

Test: Business Environment- 2 - Question 2

In India liberalization and privatization began from____.

Detailed Solution for Test: Business Environment- 2 - Question 2

India's New Economic Policy was announced on July 24, 1991 known as the LPG or LiberalisationPrivatisation and Globalisation model. 

Test: Business Environment- 2 - Question 3

Industrial policy of 1948 aimed at ______.

Test: Business Environment- 2 - Question 4

_______ state can have an elected or hereditary head.

Test: Business Environment- 2 - Question 5

The era of deregulation / liberalization begin in ___.

Test: Business Environment- 2 - Question 6

___________ occupies the central place in business.

Test: Business Environment- 2 - Question 7

India is good example for ________economy.

Test: Business Environment- 2 - Question 8

Business includes _____.

Test: Business Environment- 2 - Question 9

What is the single word that can best describe today s business?

Test: Business Environment- 2 - Question 10

Is the modern business dynamic?

Test: Business Environment- 2 - Question 11

A valid definition of a business purpose is to _______.

Test: Business Environment- 2 - Question 12

Is todays business is not characterized by diversification?

Test: Business Environment- 2 - Question 13

____refers to the system of moral principles and rules of conduct applied to business.

Test: Business Environment- 2 - Question 14

Competition is beneficial to the competing firms besides benefiting the ______?

Test: Business Environment- 2 - Question 15

What are the main concepts concerning about business goals or objectives?

Test: Business Environment- 2 - Question 16

Goals realization continuously will lead to _______.

Test: Business Environment- 2 - Question 17

_______is the primary motive for a business enterprise.

Test: Business Environment- 2 - Question 18

The following statement with respect to culture is false.

Test: Business Environment- 2 - Question 19

________is the business through which new ideas and innovations are given a sharp and are converted into useful products and services .

Test: Business Environment- 2 - Question 20

what is the nature of business environment?

Test: Business Environment- 2 - Question 21

What is the significance of business environment?

Test: Business Environment- 2 - Question 22

What are the elements of business environment?

Detailed Solution for Test: Business Environment- 2 - Question 22

STEEPLE offers an overview of various external fields. It is an acronym for Social, Technological, Economic, Environmental, Political, Legal, and Ethical. You can get practical insight into each of these factors. These elements can affect your business. 

Test: Business Environment- 2 - Question 23

Macro environment is also known as _________?

Test: Business Environment- 2 - Question 24

Macro environment consist of ______?

Test: Business Environment- 2 - Question 25

The micro environment consists ______.

Test: Business Environment- 2 - Question 26

_______ refers to all forces which have an economic impact.

Test: Business Environment- 2 - Question 27

__________ decides on a particular course of action.

Test: Business Environment- 2 - Question 28

The first MNC came to India in _______.

Test: Business Environment- 2 - Question 29

Economic growth can be measured by ___________.

Test: Business Environment- 2 - Question 30

The performance of business in the private sector is measured by :

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