Business Environment Test

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Business Environment Test - 11

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Weekly Quiz Competition

Question 1
1 / -0

India's trade policy was ________.

A
Outward-oriented

B
Inward-oriented

C
Growth-oriented

D
Profit-oriented

Solution

Inward oriented strategy is the trade strategy adopted by a country to restrict international trade. Import restriction and import are the two components of inward oriented strategy. Import restriction is limiting imports by imposing high tariff etc.
Question 2
1 / -0

Consider the following statements.
(a) Trade policies are classified as outward-oriented and inward oriented.
(b)Trade policy is an important factor in the economic environment of business.
Choose the correct answer from the options below.

A
Both (a) and (b) are true

B
Both (a) and (b) are false

C
(a) is true, but (b) is false

D
(a) is false, but (b) is true
Question 3
1 / -0

The technology policy statement released in

A
1982

B
1983

C
1984

D
1985

Solution

The Government of Asian country (INDIA) publicized its technology policy as the Technology Policy Statement-1983. It had been a national vision document that recognized the role and importance of technology within the economic process of the country. Developed countries refused to transfer technology in key areas of economic development.
Question 4
1 / -0

The 20 point programme was announced in the year _____.

A
1975

B
1972

C
1969

D
1976

Solution

The Twenty Point Programme was launched by the Government of India in the year of 1975. The Twenty point programme is a package of poverty alleviation and improvement in quality of life. The Programme was first revised in 1982 and again in 1986.
Question 5
1 / -0

A rolling plan is a __________.

A
Plan where there is no fixation of dates

B
Circle plan

C
Future plan

D
Performance plan

Solution

Rolling plan can be defined as the plan where there is no fixation of dates in respect of commencement and end of the plan. Rolling plan was introduced by Prof. Myrdal. The main advantage of rolling plan is that they are very flexible and are able to overcome the rigidity by mending targets and objectives.
Question 6
1 / -0

The 20-point programme was restructured in __________.

A
1978 and 1979

B
1982 and 1986

C
1980 and 1985

D
1990 and 1993

Solution

The Programme was first restructured in 1982 and again in 1986. The Twenty point programme is a package of poverty alleviation and improvement in quality of life. The Twenty Point Programme was launched by the Government of India in the year of 1975.
Question 7
1 / -0

A perspective plan covers a period of __________.

A
20 to 25 years

B
Upto one year

C
1 to 5 years

D
1 to 7 years

Solution

A perspective plan covers a period of 20 to 25years. Broader objectives of the organization can be achieved because of perspective plan. Perspective plan is referred as a long running plan which involves long time period.
Question 8
1 / -0

The Twenty point programme is a package of _________.

A
poverty alleviation and improvement in quality of life

B
rural development and agricultural development

C
agricultural and industrial development

D
land reform measures and rural development

Solution

The Twenty point programme is a package of poverty alleviation and improvement in quality of life. The Twenty Point Programme was launched by the Government of India in the year of 1975. The Programme was first revised in 1982 and again in 1986.
Question 9
1 / -0

The objective of economic planning is _________.

A
maximum social welfare

B
removing regional disparities

C
reducing inequality of income and wealth

D
national Security

Solution

The objective of economic planning is maximum social welfare. Economic planning is often regarded as a mechanism for proper allocation of resources in an efficient manner. Economic planning helps to achieve consistency among different economic objectives.
Question 10
1 / -0

Economic Planning means a country's _______.

A
economic development

B
social development

C
both (A) and (B)

D
none of these

Solution

Economic Planning means a country's both economic development and social development. The objective of economic planning is maximum social welfare. Economic planning is often regarded as a mechanism for proper allocation of resources in an efficient manner. Economic planning helps to achieve consistency among different economic objectives.

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Re-Attempt Weekly Quiz Competition

Business Environment Test - 11

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Business Environment Test - 11

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SHARING IS CARING

Question 1

Outward-oriented

Inward-oriented

Growth-oriented

Profit-oriented

Solution

Question 2

Both (a) and (b) are true

Both (a) and (b) are false

(a) is true, but (b) is false

(a) is false, but (b) is true

Question 3

1982

1983

1984

1985

Solution

Question 4

1975

1972

1969

1976

Solution

Question 5

Plan where there is no fixation of dates

Circle plan

Future plan

Performance plan

Solution

Question 6

1978 and 1979

1982 and 1986

1980 and 1985

1990 and 1993

Solution

Question 7

20 to 25 years

Upto one year

1 to 5 years

1 to 7 years

Solution

Question 8

poverty alleviation and improvement in quality of life

rural development and agricultural development

agricultural and industrial development

land reform measures and rural development

Solution

Question 9

maximum social welfare

removing regional disparities

reducing inequality of income and wealth

national Security

Solution

Question 10

economic development

social development

both (A) and (B)

none of these

Solution

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