[Business Studies MCQs, Business Environment, AHSEC, CBSE, Class 12, Objective Questions and Answers]
Business Studies Class 12 MCQs
Chapter 3: Business Environment
Multiple Choice Questions and Answers
VERY SHORT
QUESTIONS (1 Mark)
1. What is
business
environment? 2010
Ans: It refers to
the sum total of all individuals, institution & other forces that are
outside the control of business enterprise but that may affect its performance.
2. Give
one importance of business environment.
Ans. It enables the firm to identify
opportunities & getting the first movers advantages.
3. Why
it is said that “Business Environment is a Relative Concept”.
Ans: Business environment is a relative concept since it differs from country to country and
even region to region.
4. Which
sector of the Indian economy was given greater importance after independence?
Ans: Public Sector
5. Mention
two element of political environment?
Ans: (a)
Political ideology & practices of the ruling party. (b). Nature of
relationship of our country with foreign countries.
6. What is
the main objective of FEMA?
Ans: To facilitate external
trade and payments
7. Mention
any two elements of social environment?
Ans: (a) Birth
& death rates. (b) Concern with quality of life.
8. Give
two changes introduced in industrial policy of July 1991?
Ans: (a.)
Abolition of industrial licensing. (b) Dereservation of industries for public
sector.
9. Give
two changes introduced in industrial policy of July 1991?
Ans. (a.) Abolition of industrial licensing.
(b.) De-reservation of industries for public sector.
10. Give
one impact of govt. policy changes on business industries?
Ans. Increasing competition from
multinational.
11. It is
the process by which govt. control over the industry is being loosened. Give
the term to which the statement is trying to indicate.
Ans. Liberalization.
12. What
is privatization?
Ans:
Privatization may be defined as the transfer of ownership & control from
the public sector to Private sector.
13. What
is Globalisation?
Ans:
Globalisation means integrating our economy with world economy.
14. Name
two elements of technological environment?
Ans: 1. Recent
technological developments. 2. Advances in computers & electronics.
15. Which
environment prohibits the advertisement of alcoholic
beverages? 2014
Ans: legal
Environment
16. Which
economic policy of the Indian Government initiated globalisation? 2011,
2012, 2019, 2020
Ans: Industrial
Policy 1991. This policy opened up the Indian economy.
17. What
is Social Environment? Give an example of social environment.
And: Social environment describes
characteristics of the society in which the organization exists. For example,
reservation in jobs for minorities, Characteristics of the society.
18. Name
the Act that protects the interest of consumers in India.
Ans: Consumer Protection Act, 1986
19. In
which year the World Trade Organisation came into being?
Ans: 1-1-1995
20. The
Information Technology Act. 2002 comes under what type of environment?
Ans: Legal Environment
21. Give
two examples of marketing intermediaries.
Ans: Wholesalers and Retailers
22. What
is the name of the economy where both public and private sectors co-exist?
Ans: Mixed Economy
23. Which
act aims at controlling production, supply and distribution of essential
commodities?
Ans: Essential Commodities Act, 1955.
24. Under
which environmental factor does fiscal policy fall? 2022
Ans: Economic Environment
25. What
does legal environment prescribe?
Ans: It prescribes rules or laws that all
members of business community must follow.
26. Name
two component of economic environment?
Ans: 1.
Volume of imports & exports of different items. 2. Rates of saving &
investment.
27. Which
element / dimension of business environment involve improvement and innovations
which provide new ways of producing goods and services and new methods and
techniques of operating a business?
Ans.: Technological Environment
28.
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?
Ans: Economic Environment
29.
‘Demand for reservation in jobs for minorities refers to an example of key
component of general environment of business. Name this component.
Ans: Social Environment
30. What is meant by environment scanning?
Ans: Environment scanning is a process by which organizations monitor their relevant environment so that they can consider the impact of different events, trends, issues, expectation on its strategic management process.
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ALSO READ (AHSEC ASSAM BOARD CLASS 12)
1. AHSEC CLASS 12 BUSINESS STUDIES CHAPTERWISE NOTES
2. AHSEC CLASS 12 BUSINESS STUDIES QUESTION PAPERS (FROM 2012 TILL DATE)
3. AHSEC CLASS 12 BUSINESS STUDIES SOLVED QUESTION PAPERS (FROM 2012 TILL DATE)
4. AHSEC CLASS 12 BUSINESS STUDIES IMPORTANT QUESTIONS
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