This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 22 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Technology availability helps countries by: A) Technology availability reduces employment opportunities. B) Technology availability increases environmental pollution. C) Increasing production efficiency. D) Technology availability limits access to education. Show Answer Correct Answer: C) Increasing production efficiency. 2. Which of the following is NOT a component of the market environment? A) Competitors. B) Consumers. C) Organizational culture. D) Suppliers. Show Answer Correct Answer: C) Organizational culture. 3. What is important in the relationship that a business develops with its suppliers? A) Reliability. B) Cost Effectiveness. C) Positivity. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Find out the environment which describes the characters of society A) Political environment. B) Social environment. C) Legal environment. D) Technological environment. Show Answer Correct Answer: D) Technological environment. 5. Which of the following is considered a part of the primary sector in India? A) Software development. B) Banking and insurance. C) Agriculture and fishing. D) Manufacturing of automobiles. Show Answer Correct Answer: C) Agriculture and fishing. 6. What is the role of Market Intermediaries in the business environment? A) Link the producer or other intermediaries to the end consumer. B) Provide training and knowledge to workers. C) Supply raw materials and components to the company. D) Conduct market surveys about consumer needs. Show Answer Correct Answer: A) Link the producer or other intermediaries to the end consumer. 7. What does SWOT stand for? A) Strengths, Weaknesses, Opportunities, Threats. B) Strategy, Weakness, Opportunities, Techniques. C) Solutions, Weaknesses, Objectives, Targets. D) Strength, Willpower, Optimism, Techniques. Show Answer Correct Answer: A) Strengths, Weaknesses, Opportunities, Threats. 8. Which policy is related to government's taxation and expenditure? A) Fiscal policy. B) Industrial policy. C) Monetary policy. D) EXIM policy. Show Answer Correct Answer: A) Fiscal policy. 9. What is a sociocultural factor? A) Legal regulations. B) Technological advancements. C) Cultural trends. D) Economic growth. Show Answer Correct Answer: C) Cultural trends. 10. Which is not part of specific forces? A) Technological conditions. B) Customers. C) Employees. D) Investors. Show Answer Correct Answer: A) Technological conditions. 11. Under the Reserve Bank keeps control on the money supply in order to achieve theobjectives of the general economic policy. A) Fiscal Policy. B) Monetary Policy. C) Trade Policy. D) Industrial Policy. Show Answer Correct Answer: B) Monetary Policy. 12. Creating a website and selling online is realted to A) Social Environment. B) Economic Environment. C) Political Environment. D) Technological. Show Answer Correct Answer: D) Technological. 13. A rise in the level of unemployment would be a ..... A) Legal change. B) Environmental change. C) Political change. D) Economic change. Show Answer Correct Answer: D) Economic change. 14. The government introducing a new tax on fast food restaurants affects which PESTEL factor? A) Political. B) Technological. C) Social. D) Environmental. Show Answer Correct Answer: A) Political. 15. Consistently monitoring similar businesses is an appropriate action to remain competitive. True or False? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. From which year Service Tax was imposed by Indian Government? A) 1991-92. B) 1994-95. C) 2000-01. D) 2018-19. Show Answer Correct Answer: B) 1994-95. 17. In the organizational environment, what refers to the beliefs, values, and norms that shape company behavior? A) Task environment. B) Corporate culture. C) External stakeholders. D) Economic climate. Show Answer Correct Answer: B) Corporate culture. 18. In which part of the SWOT analysis are new competitors found? A) Strengths. B) Weaknesses. C) Opportunities. D) Threats. Show Answer Correct Answer: D) Threats. 19. Name the two main types of business environments. A) Digital environment and physical environment. B) Financial environment and operational environment. C) Internal environment and external environment. D) Market environment and social environment. Show Answer Correct Answer: C) Internal environment and external environment. 20. How might socio-cultural factors influence a business's marketing strategy? A) By shaping government policies. B) By determining interest rates. C) By influencing consumer attitudes and behaviors. D) By affecting exchange rates. Show Answer Correct Answer: C) By influencing consumer attitudes and behaviors. 21. It is a form of business organizations wherein two or more people share ownership of a single business. A) Partnership. B) Corporation. C) C Corporation. D) Sole Proprietorship. Show Answer Correct Answer: A) Partnership. 22. Which of the following is NOT a source of pressure from the external environment? A) Economy. B) Government. C) Management. D) Legal (Regulations). Show Answer Correct Answer: C) Management. 23. Which of these is NOT part of the task environment? A) Suppliers. B) Strategic partners. C) Natural disasters. D) Regulators. Show Answer Correct Answer: C) Natural disasters. 24. Which is an example of a financial objective? A) Maximise shareholder returns. B) Fulfil a market or social need. C) Increase profits. D) Increase share price. Show Answer Correct Answer: C) Increase profits. 25. Which of the following best describes the economic environment? A) Technological advancements. B) Cultural values and traditions. C) Political stability and policies. D) Interest rates and inflation rates. Show Answer Correct Answer: D) Interest rates and inflation rates. ← PreviousNext →Related QuizzesClass 12 Business Studies Chapter 3 Business Environment Quiz 1Class 12 Business Studies Chapter 3 Business Environment Quiz 2Class 12 Business Studies Chapter 3 Business Environment Quiz 3Class 12 Business Studies Chapter 3 Business Environment Quiz 4Class 12 Business Studies Chapter 3 Business Environment Quiz 5Class 12 Business Studies Chapter 3 Business Environment Quiz 6Class 12 Business Studies Chapter 3 Business Environment Quiz 7Class 12 Business Studies Chapter 3 Business Environment Quiz 8Class 12 Business Studies Chapter 3 Business Environment Quiz 9Class 12 Business Studies Chapter 3 Business Environment Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books