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