Practice Test


Q1) _____________ is a socio-economic and political surrounding of the business. Show Answer


Q2) There is a _________ relationship between political environment and business environment. Show Answer


Q3) _________ environment creates a framework of regulations and regal provisions for business units. Show Answer


Q4) Business is very much affected by an uncontrollable ____ environment. Show Answer


Q5) The government of India announced its New Industrial Policy of revolutionary nature in _________. Show Answer


Q6) _________ means transfer of ownership of public sector either fully or partially. Show Answer


Q7) __________ means deregulating and Delicensing of Industry through removing barriers and restrictions. Show Answer


Q8) ______________ refers to a process of linking a particular country?s economy with her world economy. Show Answer


Q9) WTO is a ________ entity. Show Answer


Q10) Private sector means ________ enterprises. Show Answer


Q11) Liberalisation measures introduced by the government can be grouped as internal and _________. Show Answer


Q12) Environment influences ________ policies. Show Answer


Q13) Environment and business __________ go together. Show Answer


Q14) _______ means linking National economy to the World economy. Show Answer


Q15) World Trade Organisation was established in the year ________. Show Answer


Q16) Changes in the judicial system is an aspect of _________ environment. Show Answer


Q17) Changes in the fiscal policy of the Government is an aspect of __________ environment. Show Answer


Q18) The new industrial policy was formulated in __________. Show Answer


Q19) Globalisation is related with ________ market. Show Answer


Q20) The World Trade Organisation was established in _______. Show Answer


Q21) Business environment develops by ________. Show Answer


Q22) Economic environment should be _______ for the growth of business. Show Answer


Q23) ______ is a process of development of the world into a single integrated unit. Show Answer


Q24) _____ factors of business enviroment can be controlled. Show Answer


Q25) Privatisation implies reduction in the role of ______ sector. Show Answer


Q26) Business Environment is ________ framework. Show Answer


Q27) Enviromental understanding provides _______ base of information. Show Answer


Q28) Enviroment awareness provides __________ signal. Show Answer


Q29) _______ environment includes air, land, water and surface of earth. Show Answer


Q30) ______ evironment is the result of technological development. Show Answer


Q31) ________ environment is the result of international events. Show Answer


Q32) Business enviroment is of ________ importance. Show Answer


Q33) Enviromental awareness helps the organisation to _________ the opportunities. Show Answer


Q34) There are two types of business enviroment. Show Answer


Q35) W.T.O. has to play a very impotant role in the field of global governance. Show Answer


Q36) Liberalisation has to permit more foreign competition and foreign investment in the economy. Show Answer


Q37) Privatisation means conversion of State Government Company to Public Ltd. Co. Show Answer


Q38) The goal of W.T.O. is to help producers of goods and services, to exporters and importers to conduct their business. Show Answer


Q39) Business is the product of different enviromental factors. Show Answer


Q40) WTO governs trade only in goods. Show Answer


Q41) Prvatisation is the transformation of public sector into privatosation sector either fully or partially. Show Answer


Q42) India suffers loss due to WTO. Show Answer