This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An example of an internal environment factor is A) Legal issue eg consumer law. B) Empoyees. C) Competitors. D) Suppliers. Show Answer Correct Answer: B) Empoyees. 2. Which of the following is NOT a type of interest group? A) Professional Association. B) Government. C) Trade Union. D) Public Interest Group. Show Answer Correct Answer: B) Government. 3. When an alarm sounds in the workplace, employees should: A) Finish their tasks quickly before leaving. B) Ignore it unless they see an emergency. C) Follow the evacuation route immediately. D) Ask a coworker if it's a drill. Show Answer Correct Answer: C) Follow the evacuation route immediately. 4. What is the economic basis for the private enterprise economic system? A) A competition. B) B. the marketplace. C) C. the motive of profit. D) D. manufacturer supply chain. Show Answer Correct Answer: C) C. the motive of profit. 5. This element is related to new tools, ideas, and approaches used to produce goods and services. A) Economic. B) Legal. C) Technological. D) Environmental. Show Answer Correct Answer: C) Technological. 6. What is GDP. A) Gross domestic product. B) Gross domestic process. C) Both. D) None. Show Answer Correct Answer: A) Gross domestic product. 7. The entry of the multinational companies in large numbers in the Indian market has created ..... A) Huge Demand. B) Huge Supply. C) Tough Competition. D) Huge Demand and Supply. Show Answer Correct Answer: C) Tough Competition. 8. Which of the following is an example of a micro environmental factor? A) Economic policies. B) Government regulations. C) Customer preferences. D) Global market trends. Show Answer Correct Answer: C) Customer preferences. 9. Environmental factors are ..... A) Static. B) Stable. C) Dynamic. D) Isolated. Show Answer Correct Answer: C) Dynamic. 10. Question 7:Which of the following would be considered a 'customer' in the task environment? A) A company that supplies raw materials. B) The government regulating business practices. C) A consumer purchasing a product. D) An advertising agency promoting the brand. Show Answer Correct Answer: C) A consumer purchasing a product. 11. The private sector consists of the ..... sector and informal sector A) Business. B) Quality. C) Pricing. D) Formal. Show Answer Correct Answer: D) Formal. 12. Which of the following is NOT a predicted significant technological improvement that will benefit businesses in the near future? A) Internet-based applications as more people around the world gain internet access. B) 3D printing to be used in manufacturing. C) The increased use of advanced robotics. D) The advancement of artificial intelligence to a point where they will replace humans in all walks of life. Show Answer Correct Answer: D) The advancement of artificial intelligence to a point where they will replace humans in all walks of life. 13. What are the impacts of globalization on the Indian economy? A) Increased market access. B) Reduced cultural exchange. C) Stagnant growth. D) Isolation from global markets. Show Answer Correct Answer: A) Increased market access. 14. Which of the following is part of the internal business environment? A) Customers. B) Economic conditions. C) Organizational culture. D) Competitors. Show Answer Correct Answer: C) Organizational culture. 15. Location of business is not a significant factor in establishing one. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 16. What is NNP? A) Net national process. B) Net national product. C) Both. D) None. Show Answer Correct Answer: B) Net national product. 17. Business and environment are inseparable parts. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. ..... is included in Economic Environment. A) Economic System. B) Economic Policies. C) Economic Conditions. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Political environment is part of ..... environment. A) Macro. B) Micro. C) Internal. D) None of the above. Show Answer Correct Answer: A) Macro. 20. Which of the following is an example of an external factor that can drive change in a business? A) Employee training programmes. B) Technological advancements. C) Internal communication systems. D) Company mission statement. Show Answer Correct Answer: B) Technological advancements. 21. Which technique of environmental analysis focuses on identifying strengths, weaknesses, opportunities, and threats? A) Value Chain Analysis. B) SWOT Analysis. C) Financial Ratio Analysis. D) Market Segmentation. Show Answer Correct Answer: B) SWOT Analysis. 22. Which of the following is a key characteristic of the Indian economy? A) Completely capitalist economy. B) Completely socialist economy. C) Mixed economy with features of both capitalism and socialism. D) Traditional barter-based economy. Show Answer Correct Answer: C) Mixed economy with features of both capitalism and socialism. 23. Who among the following is not competent to contract? A) Person who has acquired the age of 18. B) Person who has acquired the age of 16. C) Person is of sound mind. D) Person who is disqualified from contracting by any law. Show Answer Correct Answer: B) Person who has acquired the age of 16. 24. What are the key factors influencing the economic environment in India? A) Social and Cultural factors. B) Political and Legal factors. C) Technological factors. D) Geographical factors. Show Answer Correct Answer: B) Political and Legal factors. 25. What are social factors? A) Social mobility, market trends, cultural expectations, and socioeconomic aspects. B) Economic growth, political stability, technological advancements, and environmental changes. C) Personal preferences, individual achievements, private goals, and family traditions. D) Government policies, international relations, military strategies, and legal systems. Show Answer Correct Answer: A) Social mobility, market trends, cultural expectations, and socioeconomic aspects. ← 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 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 10Class 12 Business Studies Chapter 3 Business Environment Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books