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Sunday, November 12, 2017

Business Environment Multiple Choice Questions

2016 (New Course)
1. Answer as directed:                                                   1x8=8
a)      Mention any one of the elements of Indian business environment.                         Political Environment
b)      Economic growth always increases welfare.                        (Write True or False)
c)       Mention one objective of economic growth.      enhancing and improving quality of life 
d)      Write one cause of industrial sickness.                   Lack of Continuous power supply            
e)      Mention one advantage of privatization.              Improved efficiency
f)       In which year was the World Trade Organization set up?                               1995
g)      Write the full form of SEZ.                                            Special Economic Zone
h)      Write the full form of SAFTA.                                      South Asian Free Trade Area
2016 (Old Course)
1. Answer as directed:                                                   1x8=8
a)      Mention any one natural element of business environment.      weather and climatic condition
b)      Mention one drawback of privatization.                                                Natural Monopoly
c)       Economic growth always increases welfare. (Write True or False)
d)      Write the full form of MRTP.                                       Monopolistic and Restrictive Trade Practices
e)      Mention one objective of the IMF.                          To promote international monetary cooperation
f)       In which year was the World Trade Organization set up?                               1995
g)      Write one function of capital market.                                                     Raising long term funds
h)      Write the full form of GATT.                                                                        General Agreement on Tariffs and Trade
2015 (New Course)

1. Answer as directed:                                                                                                   1x8=8
a)      Mention any one of the internal components of business environment.                               Mission and objectives
b)      Mention one hindrance of economic growth of India.                                                     Population growth
c)       Mention one objective of New Industrial Policy.                   Initiate rapid economic growth to raise the standard of living, reduce unemployment and poverty;
d)      The Dunkle Draft of the GATT was proposed in the year 1991. (Fill in the blank)
e)      Mention one objective of IMF.                 To promote international monetary cooperation
f)       Write the full form of MFN.                         Most Favoured Nation
g)      In which year was the IMF set up?                           1945
h)      World Bank was established in the year 1945.                     (Fill in the blank)
2015 (Old Course)
1. Answer as directed:                                                                                           1x8=8
a)      Mention one of the components of business environment.        Internal Environment
b)      Write one internal factor of business environment.                         Quality of human resources
c)       There is no difference between business environment and economic environment.  (State True or False)
d)      Write the full form of MFN.                         Most favoured nation
e)      Mention one advantage of privatization.              Improved efficiency
f)       Write one function of money market.                    Raising short term finance
g)      Capital market deals with short-term/long-term loan able funds. (Write the correct answer)
h)      Write the full form of SAFTA.                      South Asian Free Trade Area
2014 (New Course)
1. Answer the following:               1x8=8
a)  Mention any one natural component of business environment.                                          Political environment
b)   What do you mean by inclusive growth?                       
Ans: Inclusive growth is a concept that advances equitable opportunities for economic participants during economic growth with benefits incurred by every section of society.
c)  Mention one of the objectives of economic growth.
Ans: To bring qualitative and quantitative changes in the economy
d)      Write one cause of industrial sickness.                         Lack of Continuous power supply
e)      Mention one advantages of privatization.                                  Lack of political interference
f)       In which year was the WTO set up?                               1995
g)      Mention one advantages of SEZ.                                    Well connected with network of public transport, local railways and cabs
h)      Write the full form of SAFTA.                                           South Asian Free Trade Area
2014 (Old Course)
1. Answer as directed:                   1x8=8
a.       Mention any one of the components of Indian business environment.                        Political Environment
b.      There is no difference between economic growth and economic development. (Write True or False)
c.       In which year was the WTO set up?                               1995
d.      Write the full form of SEZ.                  Special Economic Zone
e.      Capital market deals in short-term / long-term funds.
f.        In which year was the International Monetary Fund (IMF) established?                      1945
g.       Mention market deals in Short-term funds. (Fill in the blank)
h.      ‘Dunkle draft’ was proposed in the Uruguay Round of GATT. (Fill in the blanks)
2013
1. Answer as directed:                                   1x8=8
(a) Human resource is an internal factor of business environment. (Fill in the blank)
(b) Mention one drawback of Privatization.                         Natural Monopoly
(c) Economic growth always increases welfare.                  (Write True/ False)
(d) Coexistence of Public sector and Private sector is one of the main features of Indian business environment. (Write True / False)
(e) Write the full form of MRTP.                                                                Monopolistic and Restrictive Trade Practices
(f) Mention one objective of IMF.                                            To promote international monetary cooperation
(g) Write the full form of GATT.                                                 General Agreement on Tariffs and trade
(h) In which year the SEBI was set up?                   1992
2012
1.Answer as directed:
(a) Mention any one of the components of Indian Business Environment.            Political environment
(b) There is no difference between Business Environment and Economic Environment. (state True or False)
(c) In which year was the WTO set up?                   1995
(d) Write the full form of SEZ.                     Special Economic Zone
(e) Write the full form of MFN.                  Most Favoured Nation
(f) In which year was the International Monetary Fund (IMF) established?                           1945
(g) India was the one of the founder members of the World Trade Organization.(state True or False)    
(h) Money Market deals in Short term funds.(fill in the blanks)
2011
1. Answer as directed: (1x8=8)
(a)    Which of the following is an internal factor of business environment?
(i)      Value system
(ii)    Company’s image
(iii)   Management structure
(iv)  Company’s financial position
(v)    All of the above factors
(b)   There is no difference between economic growth and economic development. (True of False)
(c)    The units set up under SEZ, must be a foreign exchange earner. (True or False)
(d)   Capital market deals in short-term/long-term Loanable funds. (True or False) Money market deals in short-term Loanable funds. Capital market deals with long term funds.
(e)   Dunkel Draft” was proposed in the Uruguay round of GATT.
(f)     SDR’s are also called as “Paper Gold”. 
(g)    Write the full form of SAFTA. South Asian Free Trade Agreement
(h)   Mention an adverse impact of globalization on the Indian economy. outsourcing of jobs to developing countries has resulted in loss of jobs


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