Top 250+ Solved Business Environment MCQ Questions Answer
Q. Industrial policy of 1948 aimed at ______.
a. industrialization
b. growth of agriculture.
c. development of infrastructure .
d. development of service sector.
Q. _______ state can have an elected or hereditary head.
a. Democratic.
b. Autocratic.
c. Socialized.
d. Republic.
Q. ___________ occupies the central place in business.
a. People.
b. Raw material.
c. Labour.
d. Finished goods.
Q. Business includes _____.
a. non-economic activities.
b. economic activities.
c. social activities.
d. production activities.
Q. What is the single word that can best describe today s business?
a. Technology.
b. Profit Making.
c. Change.
d. People.
Q. Is the modern business dynamic?
a. mass production.
b. mass marketing.
c. mass sales.
d. mass purchase.
Q. A valid definition of a business purpose is to _______.
a. create a customer.
b. maximize profits.
c. serve the society.
d. increase the wealth in the firm.
Q. Is todays business is not characterized by diversification?
a. Social relationship.
b. Profit.
c. Customers.
d. Assets.
Q. Is interference of government in business is common in every country?
a. 1960.
b. 1970.
c. 1980.
d. 1990.
Q. ____refers to the system of moral principles and rules of conduct applied to business.
a. Business culture.
b. Business ethics.
c. Business.
d. Society.
Q. Competition is beneficial to the competing firms besides benefiting the ______?
a. producers.
b. intermediaries.
c. finances.
d. consumers.
Q. What are the main concepts concerning about business goals or objectives?
a. Mission, objectives.
b. Mission , targets.
c. Mission, objectives, target.
d. Target, objectives.