Question types

Business Environment question types

291 questions across 5 question groups — pick any mix to generate a Business Studies paper with step-by-step answer keys.

291
Questions
5
Question groups
5
Question types
Sample Questions

Business Environment questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Liberalisation, globalisation and privatisation are the aims of:
  • A
    Economic planning.
  • B
    Land reforms.
  • C
    Socialistic pattern of society.
  • Economic reforms.

Answer: D.

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_________ assists in planning and helps in policy formation:
  • A
    Group dynamics.
  • Business environment.
  • C
    Turn around management.
  • D
    None of the above.

Answer: B.

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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: B.

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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: C.

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Q 123 Marks Question3 Marks
Banking sector reforms have led to easier credit terms and better services. This is an example of a key component of the ‘Business Environment’. Name this component and explain it in brief.
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Q 143 Marks Question3 Marks
‘Demand for reservation in jobs for minorities’ refers to an example of key component of general environment of business. Name and explain the component.
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Q 164 Marks Question4 Marks
With change in the consumption habits of people, Neelesh, who was running a sweet shop shifted to chocolate business. On the eve of Diwali, he offered chocolates in attractive packages at reasonable prices. He anticipated huge demand and created a website chocolates.corm for taking orders online. He got lot of orders online and earned huge profit by selling chocolates.
Identify and explain the dimensions of business environment discussed in the above case.
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Q 184 Marks Question4 Marks
‘Accent Electronics Ltd.’ was operating its business in Malaysia. The company started exporting its products to India when the Prime Minister announced relaxation in import duties on electronic items. The company appointed retailers in India who had direct on-line links with the suppliers to replenish stocks when needed.
Identify and explain the dimensions of business environment discussed in the above case.
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Q 194 Marks Question4 Marks
A recent rate cut in the interest on loans announced by the Banks encouraged Amit, a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education. He was awarded first prize for his invention.
Identify and explain the dimensions of business environment discussed in the above case.
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Q 216 Marks Question6 Marks
The court passed an order to ban polythene bags as
  1. These bags are creating many environmental problems, which affect the life of people in general.
  2. Society, in general, is more concerned about the quality of life.
The government decided to give subsidy to jute industry to promote this business.
  1. Innovative techniques are being developed to manufacture jute bags at low rates.
  2. Incomes are rising and people can afford to buy these bags.
Identify the different dimensions of business environment by quoting the lines from the above particulars.
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Q 246 Marks Question6 Marks
The court passed an order that all the schools must have water purifier for the school children as:
  1. Society in general is more concerned about the quality of life.
  2. Innovative techniques are being developed to manufacture water purifier at competitive rates;
  3. Incomes are rising and children at home are also drinking purified water. The Government is also showing positive attitude towards the water purifier business.
Identify the different dimensions of business environment by quoting from the above details.
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