CBSE Class 12 Business Studies Business Environment Quiz 1

1. Which one of the following is not a feature of business environment?

A Uncertainty B Interdependence C Complexity D Stability

2. Which one of the following is a part of economic environment?

A Public debt B Lifestyle of people C Technological changes D Level of education

3. Proper understanding of business environment is not a prerequisite for

A tapping of useful resources. B identification of opportunities and threats. C formulation of strategies. D better coordination of employee efforts.

4. Globalisation means

A reduced role of public sector B integration of economies C lowering interest rates D control of inflation

5. Which one of the following is the impact of Government policy changes on business and industry?

A Increase in agricultural productivity B Increase in product prices C Increase in competition D Increase in urbanisation

6. ___ nature of business environment suggests that environment keeps on changing.

A Dynamic B Pervasive C Continuous D Multidimensional

7. ___ is the integration of world economy into a single market through removal of trade barriers between countries.

A Privatisation B Liberalisation C Globalisation D Both(a) and (b)

8. ___ feature of business environment states that various factors of business environment affect each other.

A Pervasive B Continuous C Dynamic D Interrelatedness

9. Legal rules and regulations relevant to business are included in ___ environment of business.

A Legal B Political C Economic D Technological

10. A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.

A Increasing competition B More demanding customers C Necessity for change D Market orientation