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Business Environment Test - 10

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Business Environment Test - 10
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The government has decided to replace the MRTP Act by a new competition law on the recommendations of the _____________.
  • Question 2
    1 / -0
    The business environmental factors are _________.
    Solution
    Business environment is a mixture of many factors and changes in some or the other factors continue to take place. Therefore, it is said that business environment is dynamic.
  • Question 3
    1 / -0
    Inflation is defined as __________.
  • Question 4
    1 / -0
    The MRTP act came into force from _______.
  • Question 5
    1 / -0
    The Gold Deposit Scheme was announced in the budget of _______.
  • Question 6
    1 / -0
    The non-controllable factors are referred to as _________.
    Solution
    A business operates in a dynamic environment which changes every then and now. The business of a company is affected by two factor: internal and external. 
    Internal factors are those which took place inside the company and can be controlled through managerial actions whereas external factors are those which operates outside a business and which cannot be controlled by the managerial actions in the company. Example- change in government licensing policy.
  • Question 7
    1 / -0
    The first industrial policy resolution was issued by the Government of India in __________.
  • Question 8
    1 / -0
    Long-term 5 year fiscal policy was first announced in the year _____.
  • Question 9
    1 / -0
    A perspective plan is a _________.
  • Question 10
    1 / -0
    The MRTP act was introduced in _____________.
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