Top 250+ Solved Business Environment MCQ Questions Answer

From 31 to 45 of 239

Q. The European Union is an example of ______.

a. monetary union.

b. free trade area.

c. common market.

d. economic union.

  • d. economic union.

Q. The legal system in India is based on ______.

a. Common law.

b. Civil law.

c. Theocratic law.

d. Hindu law.

  • d. Hindu law.

Q. A mixed economy is necessarily a _____.

a. controlled.

b. planned.

c. organised.

d. planned, organised and controlle

  • d. planned, organised and controlled.

Q. The origin of Common law is in _____.

a. Americ

b. England.

c. Russia.

d. India.

  • a. America.

Q. The focus on increasing profitability and profit growth by reaping the cost reduction thatcome from economies of scale is ________.

a. global standardization strategy.

b. localization strategy.

c. transnational strategy

d. international strategy.

  • a. global standardization strategy.

Q. The total accumulated value of foreign- owned assets at a given period of time is __.

a. flow of FDI

b. stock of FDI

c. inflow of FDI

d. outflow of FDI

  • b. stock of FDI

Q. The taking over of a private firm by the host country government to be run it as a governmentunit is ______.

a. expropriation.

b. confiscation.

c. nationalisation.

d. domestication

  • c. nationalisation.

Q. Who is responsible for presenting the Union Budget before the Parliament?

a. Prime Minister

b. Finance Minister

c. RBI Governor

d. none of the above

  • b. Finance Minister

Q. The goods and the services produced, priced and distributed by the government is ___.

a. Market economy.

b. Secular economy.

c. Command economy.

d. Mixed economy.

  • c. Command economy.

Q. Fiscal policy refers to the policy of government regarding taxation, public expenditureand___

a. Public debt

b. Budgets

c. Policies

d. Deposits

  • b. Budgets

Q. Fiscal policy is called as ________policy

a. Monetary

b. Budgetary

c. Industrial

d. Economic

  • b. Budgetary

Q. One concept of culture determines the ____________ of people

a. Experience

b. Ethos

c. Education

d. Wealth

  • b. Ethos

Q. Self fulfillment and immediate gratification are ____________ cultural values

a. Decreases

b. Rises

c. Diminishes

d. Corporate

  • b. Rises
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