Business Environment Test

Result

Business Environment Test - 42

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Weekly Quiz Competition

Question 1
1 / -0

_________ is concerned with the withdrawal of State from an industry or sector, partially or fully.

A
Liberalization

B
Modernization

C
Privatization

D
Globalization

Solution

Privatization refers to giving greater role to private sector and reducing the role of public sector through disinvestment of public sector and dilution of stake of the government. Privatization results in better economic development due to more resources from private sector, better management due high competition in private sector and encouragement of entrepreneurial skills into the individual.
Question 2
1 / -0

Which of the following statements is an argument against Globalisation?

A
Re-distribution of political power

B
Improvement of Service Sector

C
Increase the average growth rate of the economy

D
Improve the allocative efficiency of resources
Question 3
1 / -0

Which of the following statements is an argument in favour of Globalisation?

A
Increases the pressure on economies for structural and conceptual readjustments

B
Creates unfair competition and ruins the core-competencies of developing economies

C
Increases labour productivity and output

D
Re-distribution of economic power at the world level
Question 4
1 / -0

What is meant by the phrase CSR?

A
Corporate Social Responsibility

B
Company Social Responsibility

C
Corporate Society Responsibility

D
Company Society Responsibility

Solution

Corporate Social Responsibility is a part of business where the responsibility of a corporate unit is defined in terms of their existence in the society because if the corporate unit is developed and run in the society using the society's resources then they have some responsibility for the society.
Question 5
1 / -0

Globalisation is characterized by -

A
More integrated Financial Markets

B
Higher cost of manufacture of consumer goods

C
Restrictions in mobility of factors of production

D
Inward-oriented economies
Question 6
1 / -0

Which of the following statements is an argument in favour of Globalisation?

A
Attract Foreign Capital and Technology into the country

B
Prone to severe dislocation & collapse during a downturn in international economic activity

C
Creates unfair competition and ruins the core-competencies of developing economies

D
Re-distribution of economic power at the world level
Question 7
1 / -0

Effect of Globalisation will be felt significantly in respect of -

A
Outwardly-oriented economies

B
Internal-oriented economies

C
Both (a) and (b)

D
Neither (a) nor (b)
Question 8
1 / -0

SEZ Act came into effect in ___________.

A
$$2002$$

B
$$2003$$

C
$$2006$$

D
$$2007$$

Solution

Special Economic Zone Act came is to effect in 2005 which stated that some geographical areas which are in business will be treated with different business and trade laws from the rest of the country so that to achieve the aims of increased trade, increased investment, job creation, and effective administration.
Question 9
1 / -0

Which of the following is an effect of Globalisation on the Indian Economy?

A
Increase in India's share in the world trade

B
Reduction in the rate of External Debt increase

C
Increase in Foreign Exchange Reserves

D
All of the above
Question 10
1 / -0

Globalization involves:
(i) Increasing integration among national economic system
(ii) Integration of financial market
(iii) Higher factor mobility and economies of trade
(iv) Spread of knowledge and technologies throughout the world

A
(i) only

B
(i) and (ii) only

C
(i), (ii) and (iv)

D
(i), (ii), (iii) and (iv).

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Re-Attempt Weekly Quiz Competition

Business Environment Test - 42

Result

Business Environment Test - 42

Score

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Rank

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SHARING IS CARING

Question 1

Liberalization

Modernization

Privatization

Globalization

Solution

Question 2

Re-distribution of political power

Improvement of Service Sector

Increase the average growth rate of the economy

Improve the allocative efficiency of resources

Question 3

Increases the pressure on economies for structural and conceptual readjustments

Creates unfair competition and ruins the core-competencies of developing economies

Increases labour productivity and output

Re-distribution of economic power at the world level

Question 4

Corporate Social Responsibility

Company Social Responsibility

Corporate Society Responsibility

Company Society Responsibility

Solution

Question 5

More integrated Financial Markets

Higher cost of manufacture of consumer goods

Restrictions in mobility of factors of production

Inward-oriented economies

Question 6

Attract Foreign Capital and Technology into the country

Prone to severe dislocation & collapse during a downturn in international economic activity

Creates unfair competition and ruins the core-competencies of developing economies

Re-distribution of economic power at the world level

Question 7

Outwardly-oriented economies

Internal-oriented economies

Both (a) and (b)

Neither (a) nor (b)

Question 8

$$2002$$

$$2003$$

$$2006$$

$$2007$$

Solution

Question 9

Increase in India's share in the world trade

Reduction in the rate of External Debt increase

Increase in Foreign Exchange Reserves

All of the above

Question 10

(i) only

(i) and (ii) only

(i), (ii) and (iv)

(i), (ii), (iii) and (iv).

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