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Class 12 Business Studies Chapter 3 Business Environment Quiz 1 (60 MCQs)

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1. Name some Characteristics of the Formal Sector
2. Which state is number in human development in India
3. This principle says that only those that use the good or service should pay the tax
4. Primarily Devaluation of Currency is done to .....
5. Which of the following statements about the business environment is true?
6. How does international trade affect domestic markets?
7. Which of the following factors is a part of the external business environment?
8. INDIA ASKED FOR A LOAN OF ..... FROM IMF IN 1991
9. What do communities often seek from organizations as stakeholders?
10. Business environment consists of internal factors only?
11. Which business environment does not affect the function of the business?
12. It is the degree to which a society emphasizes short-term thinking versus greater concern for the future or long-term thinking.
13. Socialisation is the process through which employees:
14. What role do stakeholders play in shaping the business environment?
15. If floods affect the vegetable supply chain, which PESTEL factor is involved?
16. 1) "One of the features of business environment states that something which is new today, may become outdated or obsolete after sometime." identify the feature.
17. Which of these would NOT be a suitable location for a fast-food restaurant?
18. Which of the following dimensions of business environment includes legislation passed by the government administrative orders issued by govt authorities
19. What does the social environment encompass?
20. 10) Liberalization means:
21. Abigail is working for a company that is expanding its operations internationally. She needs to be aware of political factors that affect trade, such as civil unrest or:
22. Who are primary stakeholders in an organization?
23. Which of the following are actions taken by the government under an expansionary fiscal policy?
24. By identifying areas under the weaknesses section, how does this help you develop?
25. ..... needs to Plan, Lead, Control and Organise resources and individuals within a business or this could lead to challenges in the micro environment.
26. Profit maximization was aim of which concept of business
27. What is the primary focus of the GBE module?
28. Analyzing the changes in business environment explains which feature of business environment?
29. Business environment differs from country to country and even region to region.Which feature of business environment is discussed in the given sentence?
30. How can political stability affect businesses?
31. A business has a poor reputation among customers, this would be considered to be a(n)
32. What is a characteristic of deadweight debt?
33. Which of the following would be an environmental factor?
34. During a class discussion, Saba mentioned that Canada imposed countermeasures on certain types of products. What type of products were these?
35. How do economic conditions affect business strategies?
36. In a socialist economy, what determines how basic economic questions are answered?
37. When two firms agree to integrate their operations called .....
38. Which of the following is considered part of the internal business environment?
39. Which of the following is not a characteristic of business environment?
40. Is SWOT analysis only useful for large corporations and not for small businesses?
41. Current Indian business environment includes;
42. He Economic Survey, 2019 suggests that the psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms such "dying in debt is a sin" to improve tax compliance. Identify the related dimensions of business environment.
43. The impact of deflation on the purchasing power is?
44. What does the term 'business environment' primarily refer to?
45. Sale of Goods act was enacted in the year .....
46. Which is the strategy of globalization?
47. The government has some control over the economy and provides basic services like health care and housing.
48. 'Ooty, hill station in Tamil Nadu, banned the sale of single-use plastic items considering its negative impact on the environment ' ..... environment is highlighted here
49. List the four market structures in order from LEAST competitive to MOST competitive.
50. Which indicates importance of business environment?
51. Central Bank is an example of which group in the task environment?
52. What is the significance of the macro environment in shaping the business landscape?
53. What is the recommended strategy for 'Cash Cows' in the BCG Matrix?
54. Why is it important for businesses to understand the competitive environment?
55. Give an example of how the internal environment of a business can affect its performance.
56. Partnerships are run by directors and owned by shareholders
57. A company has decided to merge with another company. Which of the following internal factors will be affected, implying possible changes to business objectives?
58. Technique of environmental scanning
59. What is the purpose of an automated external defibrillator (AED)?
60. Change in taxes is part of
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