Q. The goods and the services produced, priced and distributed by the government is ___.
✅ Correct Answer: (C)
Command economy.
Business Environment MCQs and Notes
Q. Who is responsible for presenting the Union Budget before the Parliament?
✅ Correct Answer: (B)
Finance Minister
Q. The taking over of a private firm by the host country government to be run it as a government unit is ______.
✅ Correct Answer: (C)
nationalisation.
Q. The total accumulated value of foreign- owned assets at a given period of time is __.
✅ Correct Answer: (B)
stock of FDI
Q. The focus on increasing profitability and profit growth by reaping the cost reduction that come from economies of scale is ________.
✅ Correct Answer: (A)
global standardization strategy.
Q. The origin of Common law is in _____.
✅ Correct Answer: (A)
America.
Q. A mixed economy is necessarily a _____.
✅ Correct Answer: (D)
planned, organised and controlled.
Q. The legal system in India is based on ______.
✅ Correct Answer: (D)
Hindu law.
Q. The European Union is an example of ______.
✅ Correct Answer: (D)
economic union.
Q. PEST is an acronym which stands for ________.
✅ Correct Answer: (C)
Political, Economic, Social, Technological.