Business Environment Test

Result

Business Environment Test - 30

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Weekly Quiz Competition

Question 1
1 / -0

Industrial policy is a _______.

A
Trade policy

B
Economic policy

C
Import policy

D
Business policy

Solution

Industrial policy is an economic policy. Industrial policies refer to those policies which are taken to ensure smooth functioning and operations of the industrial activities. These policies help to generate more profit and hence it is an economic concern.
Hence, option (B) is the correct answer.
Question 2
1 / -0

Liberalization includes ________.

A
Abolishing industrial licensing requirement in most of the industries

B
Freedom in deciding the scale of business activities

C
Freedom in fixing prices of goods and services

D
All of the above

Solution

The relaxation of government restrictions in areas of social of economic policy is known as liberalization. It refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise.Liberalization includes:a) abolishing industrial licensing requirement in most of the industries
b) freedom in deciding the scale of business activities
c) freedom in fixing prices of goods and services
Question 3
1 / -0

Financial factors consist of ___________.

A
Financial policies

B
Financial positions

C
Capital structure

D
All of the above

Solution

Financial factors consist of financial policies, financial positions and capital structure. It is an important internal factor which has a substantial impact on business functioning and performance. Financial facilities are required to start and operate the organization.
Question 4
1 / -0

Management Structure and Nature is a part of _______.

A
External environment

B
Internal environment

C
Both (A) & (B)

D
None of the above

Solution

Management Structure and Nature is a part of external environment. This structure of the organization influences the business decisions. These needs to be appropriately managed for smooth functioning and operations.
Question 5
1 / -0

Demand for packaged food is a ________.

A
political factor

B
technological factor

C
social factor

D
economic factor

Solution

Demand for packaged food is a social factor. It is one of the most important factors among other macro environmental factors. It leaves an impact directly or indirectly on the business environment.
Question 6
1 / -0

Privatization can also be called _________.

A
Nationalization

B
Denationalization

C
Growth of cottage industry

D
Foreign investment

Solution

Privatization can also be called denationalization.Privatization refers to the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.
Question 7
1 / -0

Companies often set up overseas plants to reduce _______.

A
High transportation costs

B
Time of delivery of goods

C
Management hassless

D
None of the above

Solution

Companies often set up overseas plants to reduce high transportation costs since it is quite reasonable to deliver goods at lower price when goods are to be transported in bulk.
Question 8
1 / -0

The objective of privatization is _________.

A
to increase the size of government investment

B
getting investment from only select strata of the society

C
to generate revenues for the state

D
all of the above

Solution

Privatization refers to the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.The objective of privatization is to generate revenues for the state.
Question 9
1 / -0

___________ enables the government to concentrate more on the essential state.

A
Privatization

B
Political policies

C
Increase in tax returns

D
Fiscal policies

Solution

Privatization enables the government to concentrate more on the essential state.Privatization refers to the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.The objective of privatization is to generate revenues for the state.
Question 10
1 / -0

"Foreign Collaboration" is an outcome of ________.

A
Globalization

B
Increase in skilled labour

C
Reduction in export duty

D
Privatization

Solution

"Foreign Collaboration" is an outcome of privatization. It refers to the process of transferring of ownership and management of an enterprise from public sector to the private sector.

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Re-Attempt Weekly Quiz Competition

Business Environment Test - 30

Result

Business Environment Test - 30

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SHARING IS CARING

Question 1

Trade policy

Economic policy

Import policy

Business policy

Solution

Question 2

Abolishing industrial licensing requirement in most of the industries

Freedom in deciding the scale of business activities

Freedom in fixing prices of goods and services

All of the above

Solution

Question 3

Financial policies

Financial positions

Capital structure

All of the above

Solution

Question 4

External environment

Internal environment

Both (A) & (B)

None of the above

Solution

Question 5

political factor

technological factor

social factor

economic factor

Solution

Question 6

Nationalization

Denationalization

Growth of cottage industry

Foreign investment

Solution

Question 7

High transportation costs

Time of delivery of goods

Management hassless

None of the above

Solution

Question 8

to increase the size of government investment

getting investment from only select strata of the society

to generate revenues for the state

all of the above

Solution

Question 9

Privatization

Political policies

Increase in tax returns

Fiscal policies

Solution

Question 10

Globalization

Increase in skilled labour

Reduction in export duty

Privatization

Solution

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