Important MCQs of Business Environment chapter of Business studies Class 12
Looking for important MCQs (Multiple Choice Questions) of the Business Environmnet chapter with answers of Business Studies class 12 CBSE, ISC and other state Board.
We have compiled a vast collection of very important MCQs of Chapter 3 of Business studies class 12
Multiple Choice Questions of Chapter 3 Business Environment of BST Class 12
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Unique Ltd. is an electronic goods manufacturing company situated in Uttar Pradesh. It is earning low revenue in comparison to another electronic company ‘Pace Ltd’. situated in Delhi. Both the enterprise are affected by the investors customers, competitors and suppliers in their respective locations. At the same time both are also affected by economic condition, change in technology, etc.
a) Relatively and complex
b) Complex and all external forces
c) Specific and general and dynamic
d) Relatively and specific and general
Ans – d)
With the introduction of mineral water bottle in India, Bisleri was able to capture the
big market share in India. Which importance of Business Environment is highlighted here.
a) Helps in Policy Making
b) Identifiying threat and getting warning signals
c) Helps in tapping resoures
d) Help to identify opportunitites and getting first mover advantage.
Ans – d)
The Reserve Bank of India reduces CRR (Cash Reserve Ratio) by 0.5% to control recession.
This is related to which dimension of Business Environment.
a) Political Environment
b) Economic Environment
c) Social Environment
d) Legal Environment
Ans – b)
Introduction of mobile phones have negatively effected the business of cameras and watches
it is related to
a) Social Environment
b) Economic Environment
c) Technological Environment
d) Politial Environment
Ans – c)
Free Flow of goods and services between different countries of the world is an example of
a) Globalisation
b) Privatisation
c) Liberalisation
d) Demonetisation
Ans – a)
Liberalisation is
a) Free flow of goods and services
b) Increase participation of private sector
c) Reduction in formalities, taxes and tariff
d) Unity among political parties
Ans – c)
Which of the following does not explain the impact of government policy changes on business
and industry?
a) More demanding customers
b) Change in agricultural prices
c) Increase in competition
d) Market orientation
Ans – b)
Business environment includes
a) Surroundings of Business
b) Forces, Factors, institutions which directly or indirectly effect business
c) customers and Employees
d) None of the above
Ans – b)
The forces in Business Environment that effect all the business houses are known as
a) General
b) Specific
c) Particular
d) Influential
Ans – a)
The conditions in Business Environment keep changing as it is
a) Enternal Environment
b) Complex
c) Dynamic
d) None of the above
Ans – c)
The environment scanning helps to identify
a) Opportunities
b) Threats
c) Both a) and b)
d) None of the above
Ans – c)
The importance of business environment which helps to know in advance forthcoming
constraints and threats of business is
a) Helpful in getting first mover advantage
b) Early warning signals
c) Assist in planning and policy making
d) All of the above
Ans – d)
Change in taxes is part of
a) Economic Environment
b) Political Environment
c) Legal Environment
d) Social Environment
Ans – a)
Demonetisation had direct impact on
a) Social Enviornment
b) Political Environment
c) Economic Environment
d) None of the above
Ans – c)
It is compulsory that advertisement on baby food must inform that mother’s milk is the
best is related to
a) Social Environment
b) Economic Environment
c) Political Environment
d) Legal Environment
Ans – d)
Relaxation or removal of strict rules and regulations is part of
a) Liberalisation
b) Globalisation
c) Privatisation
d) All of the above
Ans – a)
Opening doors for private sector in the area reserved for public sector is known as
a) Privatisaiton
b) Liberalisation
c) Globalisation
d) None of the above
Ans – a)
Swachh Bharat Abhiyan started by BJP government is part of
a) Legal Environment
b) Social Environment
c) Political Environment
d) Economic Environment
Ans – c)
Creating a website and selling online is realted to
a) Social Environment
b) Political Environment
c) Economic Environment
d) Technologic
Ans – d)
Attitude of customers towards innovation, lifestyle, etc, is part of
a) Technological Environment
b) Social Environment
c) Political Environment
d) Legal Environment
Ans – b)
Change in sensex and Nifty during election is part of
a) Political Environment
b) Social Environment
c) Legal Environment
d) Economic Environment
Ans – a)
Shift of youth in India towards packed food, onlune buying is part of
a) Political Environment
b) Social Environment
c) Legal Environment
d) Technological Environment
Ans – b)
Through environmental scanning, business firms can enjoy __
a) Competition
b) First mover advantages
c) Benfit of Tax
d) Tapping useful resources
Ans – b)
Facebook, Twitter and whatsapp is the result of _
a) Political Environment
b) Economic Environment
c) Social Environment
d) Technological Environment
Ans – d)
Sudden announcement of demonetisation by our Prime Minister” is an example of this feature
of business environment.
a) Relatively
b) Specific and general forces
c) Inter related
d) uncertain
Ans – d)
