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B Com Exam  >  B Com Tests  >  Test: Political Environment - 2 - B Com MCQ

Test: Political Environment - 2 - B Com MCQ


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10 Questions MCQ Test - Test: Political Environment - 2

Test: Political Environment - 2 for B Com 2024 is part of B Com preparation. The Test: Political Environment - 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Political Environment - 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Political Environment - 2 below.
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Test: Political Environment - 2 - Question 1
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What is the term used to describe the laws and regulations set by the government that impact business operations?

Detailed Solution for Test: Political Environment - 2 - Question 1
The laws and regulations set by the government that impact business operations are collectively referred to as the regulatory environment. This environment outlines the rules and boundaries within which businesses must operate, ensuring compliance and ethical conduct.
Test: Political Environment - 2 - Question 2
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Which fundamental duty in the Indian Constitution pertains to environmental protection?

Detailed Solution for Test: Political Environment - 2 - Question 2
Article 51-A(g) of the Indian Constitution establishes the fundamental duty of every citizen to protect and improve the natural environment, including forests, rivers, lakes, wildlife, and to show compassion for living creatures.
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Test: Political Environment - 2 - Question 3
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According to the Indian Constitution, which fundamental right has been interpreted to include the right to a clean environment?

Detailed Solution for Test: Political Environment - 2 - Question 3
Article 21 of the Indian Constitution, which guarantees the right to life and personal liberty, has been interpreted by courts to include the right to a clean and healthy environment, crucial for a dignified life.
Test: Political Environment - 2 - Question 4
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Which constitutional amendment introduced Articles 48-A and 51-A(g) to the Indian Constitution?
Detailed Solution for Test: Political Environment - 2 - Question 4
The 42nd Amendment to the Indian Constitution, passed in 1976, introduced Articles 48-A and 51-A(g), emphasizing the state's responsibility for environmental protection and citizens' duty to safeguard the environment.
Test: Political Environment - 2 - Question 5
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Under which article of the Indian Constitution does the state have a responsibility for environmental protection?
Detailed Solution for Test: Political Environment - 2 - Question 5
The state's responsibility towards environmental protection is outlined in Article 48-A of the Indian Constitution, which emphasizes the state's duty to protect and improve the environment, safeguard forests, and preserve wildlife.
Test: Political Environment - 2 - Question 6
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What is the primary objective of fiscal policy?
Detailed Solution for Test: Political Environment - 2 - Question 6
The primary objective of fiscal policy is to achieve full employment and economic growth by managing government expenditures, taxes, and public borrowing.
Test: Political Environment - 2 - Question 7
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Which constitutional amendment introduced Parts IX and IXA, giving constitutional sanction to democracy at the grassroots level through Panchayats and Municipalities?
Detailed Solution for Test: Political Environment - 2 - Question 7
The 73rd Amendment introduced Part IX, providing constitutional sanction to Panchayats, while the 74th Amendment introduced Part IXA, extending the same to Municipalities, promoting grassroots democracy.
Test: Political Environment - 2 - Question 8
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Which component of fiscal policy is used to stabilize the economy by changing government expenditures and taxes?
Detailed Solution for Test: Political Environment - 2 - Question 8
Fiscal policy uses demand management tools such as changing government expenditures and taxes to stabilize the economy and achieve desired growth and stability.
Test: Political Environment - 2 - Question 9
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Which objective of fiscal policy aims to reduce income inequalities among different sections of society?
Detailed Solution for Test: Political Environment - 2 - Question 9
One of the objectives of fiscal policy is to achieve social justice by reducing income inequalities through progressive taxation and welfare programs.
Test: Political Environment - 2 - Question 10
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What is the main tool used by the government to mobilize financial resources for development?
Detailed Solution for Test: Political Environment - 2 - Question 10
Taxation is the primary tool used by the government to mobilize financial resources for development, enabling it to fund various projects and programs.
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