Test: Business Environment- 2


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


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Attempt Test: Business Environment- 2 | 30 questions in 30 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Business and Commercial Knowledge for Commerce Exam | Download free PDF with solutions
QUESTION: 1

Which can be a method of privation?

Solution:

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.

QUESTION: 2

In India liberalization and privatization began from____.

Solution:

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

QUESTION: 3

Industrial policy of 1948 aimed at ______.

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QUESTION: 4

_______ state can have an elected or hereditary head.

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QUESTION: 5

The era of deregulation / liberalization begin in ___.

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QUESTION: 6

___________ occupies the central place in business.

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QUESTION: 7

India is good example for ________economy.

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QUESTION: 8

Business includes _____.

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QUESTION: 9

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

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QUESTION: 10

Is the modern business dynamic?

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QUESTION: 11

A valid definition of a business purpose is to _______.

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QUESTION: 12

Is todays business is not characterized by diversification?

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QUESTION: 13

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

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QUESTION: 14

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

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QUESTION: 15

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

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QUESTION: 16

Goals realization continuously will lead to _______.

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QUESTION: 17

_______is the primary motive for a business enterprise.

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QUESTION: 18

The following statement with respect to culture is false.

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QUESTION: 19

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

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QUESTION: 20

what is the nature of business environment?

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QUESTION: 21

What is the significance of business environment?

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QUESTION: 22

What are the elements of business environment?

Solution:

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. 

QUESTION: 23

Macro environment is also known as _________?

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QUESTION: 24

Macro environment consist of ______?

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QUESTION: 25

The micro environment consists ______.

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QUESTION: 26

_______ refers to all forces which have an economic impact.

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QUESTION: 27

__________ decides on a particular course of action.

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QUESTION: 28

The first MNC came to India in _______.

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QUESTION: 29

Economic growth can be measured by ___________.

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QUESTION: 30

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

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