CUET 2024 Business Studies Chapter 3 - Business Environment MCQs

Business Studies Chapter 3 – Principles of Management MCQ Question Answers for CUET 2024

1. In which environment of business legal are rules and regulations related to business included?

a.Social

b.Legal

c.Political

d.Economic

2. State True or False, Privatisation involves freedom of doing business.

a.FALSE

b.Cannot be Determined

c.TRUE

d.Maybe

3. Which of the following is the impact of govt. policy changes on business & industry?

a.Demanding Customers

b.Need for change

c.Increased competition

d.All of the above

4. FIPB stands for ___ ?

a.Financial investment publicity board

b.Foreign Investment Promotion board

c.Foreign Investment Publicity Board

d.Foreign Investment Promotion Board

5. Identification of opportunities to get first more advantage is one of the importance of the business environment. (True/False

a.Cannot be Determined

b.Maybe

c.FALSE

d.TRUE

6. Any kind of external devices, like compact discs (CD’s) for computer, have become obsolete. Google, with its Google Drive service, Apple with its iCloud offering, enables the users to store documents, photos, music and movies on web-based servers. Identify the feature of the business environment being described in the above lin

a.Dynamic Nature

b.Uncertainty

c.Relativity

d.Interrelatedness

7. Which of the following is the Major Element of Social Environment?

a.All of the above

b.Public debt (internal and external)

c.Planned outlay in private and public sectors

d.Educational system and literacy rates

8. Which of the following is not a part of the business environment of business?

a.Competitiors

b.None of the above

c.Suppliers

d.Customers

9. Who was Diwakar Kamboj?

a.Tailor

b.Beggar

c.Rickshaw Pullar

d.Street Vendor

10. ___ is the integration of world economy into a single market through removal of trade barriers between countries

a.Globalisation

b.Liberalisation

c.Privatisation

d.Both a and b

11. Which of the following is the component of the Economic Environment ?

a.Agricultural and Industrial production trends

b.Balance of payments and changes in foreign exchange reserves

c.Volume of imports and exports of different itesm

d.All of the above

12. In the business environment, which feature states that various factors of business environment affect each other

a.Interrelatedness

b.Pervasive

c.Continuous

d.Dynamic

13. Liberalisation means

a.Policy of planned disinvestment

b.End of license and reduction of government condtrol

c.None of these

d.Integrating among economies

14. In order to boost and double India’s export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate, bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.

a.Technological dimension and Political dimension

b.Economic dimension and legal dimension

c.Political dimension and social dimension

d.Social dimension and legal dimension

15. What was given by the Government of India on lease in 1991 to State Bank Of India

a.Govt. Securities

b.Gold

c.Govt. Institutions

d.Govt. Bonds

16. Which of the following is not a feature of demonetisation?

a.Development of less cash economy

b.Channelising savings into the formal financial system