Top 250+ Solved Business Environment MCQ Questions Answer
Q. The following factors are key drivers of globalisation
a. Government action, exchange rates, competition and sociodemographic factors.
b. Market convergence, competition, exchange rates and cost advantages.
c. Cost advantages, government action, economic cycles and competition.
d. Market, cost, competition and government policies.
Q. Export control refers to restrictions on
a. Domestic firms from engaging in exports.
b. Items that can be exported from the country.
c. Foreign countries exporting to the country.
d. Domestic firms engaging in trade with nation.
Q. Which of the following is not an essential feature of social environment?
a. Competitiveness
b. Respect for the individual
c. Better quality of life
d. Bailment
Q. Technological environment consist of
a. Proves cause and effect relationship
b. Creation of Knowledge and its application
c. Finding facts and maintenance
d. Management of technology
Q. ________environment refers to all economic factors which have a bearing on thefunctioning of a business
a. Economic
b. Technological
c. Natural
d. Social
Q. Free trade is based on the principle of ___
a. Comparative advantage
b. Comparative scale
c. Economies of advantage
d. Production possibility advantage
Q. The second five year plan was given during 1956 regarding _
a. Legal planning
b. Soviet planning
c. Government planning
d. Agricultural planning
Q. The operating risk in the host country does not include the risk of
a. Change in government policies.
b. Exchange control.
c. Price controls.
d. Sanctions.
Q. The legal system in India is based on
a. Common law.
b. Civil law.
c. Theocratic law.
d. Hindu law.
Q. The objectives of import duty is/are
a. To raise income for the government.
b. To restrict imports.
c. To encourage exports.
d. To raise income and restrict imports.
Q. The following is not a feature of globalisation
a. Similar strategies are adopted by a firm in all markets.
b. Only multinational firms engage in international business.
c. The convergence of ideas and culture.
d. Obliteration of national boundaries.
Q. WTO aims at:
a. Establishing rules for domestic trade
b. Restricting trade practices
c. Liberalising international trade
d. None of these
Q. Which of the following is not a business opportunity generated by Globalisation ?
a. Access to low cost labour
b. Cheap International Transport
c. Currency Crisis
d. Less stringent regulations of the Business Environment
Q. World Bank has cleared a loan to aid which Indian mission?
a. Start up India
b. Stand up India
c. Skill India
d. None of the above