Bihar Board 12th Business Studies Objective Questions and Answers
Bihar Board 12th Business Studies Objective Answers Chapter 3 Business Environment
Question 1.
New economic policy was declared in :
(A) July 1990
(B) July 1991
(C) July 1992
(D) July 2001
Answer:
(B) July 1991
Question 2.
Main components of New Economic Policy are :
(A) Liberalisation
(B) Globalisation
(C) Privatisation
(D) All of these
Answer:
(D) All of these
Question 3.
Which of the following does not characterise the business environment:
(A) Uncertainty
(B) Employees
(C) Relativity
(D) Complexity
Answer:
(D) Complexity
Question 4.
Which of the following is an example of social environment ?
(A) Money supply
(B) Consumer Protection Act
(C) The Indian Constitution
(D) Composition of family
Answer:
(B) Consumer Protection Act
Question 5.
Globalisation signifies
(A) Integration among various economies of the world
(B) Investment in public sector
(C) Investment in private sector
(D) All of these
Answer:
(A) Integration among various economies of the world
Question 6.
Liberalisation signifies :
(A) Integrations among various economies of the world
(B) Easing of licensing requirements and other control
(C) Disinvestment in public sector
(D) None of these
Answer:
(B) Easing of licensing requirements and other control
Question 7.
Economic environment of business is influenced by :
(A) Economic system
(B) Liberalisation
(C) Globalisation
(D) Privatisation
Answer:
(A) Economic system
Question 8.
Business environment does not help :
(A) Threats
(B) Opportunities
(C) Resources
(D) Certainty
Answer:
(D) Certainty
Question 9.
Liberalisation Policy in India has been :
(A) Successful
(B) Unsuccessful
(C) Partially Successful
(D) None of these
Answer:
(A) Successful
Question 10.
Which of the following does not characterise the Business Environment:
(A) Civilisation
(B) Employee
(C) Comparative
(D) Compulsory
Answer:
(B) Employee
Question 11.
Which of the following best indicates the importance of business environment:
(A) identification
(B) Increasing Competition
(C) Changes in Agriculture
(D) market Orientation
Answer:
(D) market Orientation
Question 12.
Which of the following does not explain the impact of Government policy changes on business and Industry :
(A) More demanding customers
(B) Improvement in Performance
(C) Coping with rapid change
(D) All of them
Answer:
(C) Coping with rapid change