10 questions
Relaxing the restrictions and controls imposed on Business and industry means
Globlization
Liberalization
Privatization
None of the above
In India, Liberalization & privatization began from----
1991
1950
1981
1971
Globalization is the term used to describe process of removal of restriction on------
Foreign Trade
Investment
Both (a) and (b)
None of the above
Just after the declaration of the results of the Lok Sabha Elections, 2009, the Bombay Stock Exchange’s price index (Sensex) rose by 2100 points in a day. Identify the environmental factor which led to this rise?
Legal Environment
Political environment
Social Environment
Economic Environment
Which of the following is a part of the business environment ?
Customers
Suppliers
Competitors
All of the above
Which of the following is not a component of specific forces of business environment?
Technological conditions
Customers
Employees
Investors
The growing awareness about healthcare has led to an increase in the demand for healthcare products and services in the country. Identify the feature of business environment being described in the above case.
Dynamic nature
Uncertainty
Relativity
Interrelatedness
A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.
Increasing competition
More demanding customers
Necessity for change
Market orientation
Which of the following is a feature of demonetisation?
Tax administration measure
Channelising savings into the formal financial system
Development of less-cash economy
All of the above
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.
Social dimension and Legal dimension
Technological dimension and Political dimension
Political dimension and Social dimension
Economic dimension and Legal dimension