Business Environment MCQs

V

Vinay • 18.10K Points
Tutor I

Q 1. The goods and the services produced, priced and distributed by the government is ___.

(A) Market economy.
(B) Secular economy.
(C) Command economy.
(D) Mixed economy.
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P

Priyanka Tomar • 25.20K Points
Instructor II

Q 2. Who is responsible for presenting the Union Budget before the Parliament?

(A) Prime Minister
(B) Finance Minister
(C) RBI Governor
(D) none of the above
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S

Shiva Ram • 20.56K Points
Instructor III

Q 3. The taking over of a private firm by the host country government to be run it as a government unit is ______.

(A) expropriation.
(B) confiscation.
(C) nationalisation.
(D) domestication
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R

Rakesh Kumar • 18.39K Points
Tutor I

Q 4. The total accumulated value of foreign- owned assets at a given period of time is __.

(A) flow of FDI
(B) stock of FDI
(C) inflow of FDI
(D) outflow of FDI
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G

Gopal Sharma • 27.68K Points
Instructor II

Q 5. The focus on increasing profitability and profit growth by reaping the cost reduction that come from economies of scale is ________.

(A) global standardization strategy.
(B) localization strategy.
(C) transnational strategy
(D) international strategy.
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V

Vinay • 18.10K Points
Tutor I

Q 6. The origin of Common law is in _____.

(A) America.
(B) England.
(C) Russia.
(D) India.
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V

Vinay • 18.10K Points
Tutor I

Q 7. A mixed economy is necessarily a _____.

(A) controlled.
(B) planned.
(C) organised.
(D) planned, organised and controlled.
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V

Vinay • 18.10K Points
Tutor I

Q 8. The legal system in India is based on ______.

(A) Common law.
(B) Civil law.
(C) Theocratic law.
(D) Hindu law.
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R

Ram Sharma • 188.01K Points
Coach

Q 9. The European Union is an example of ______.

(A) monetary union.
(B) free trade area.
(C) common market.
(D) economic union.
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P

Priyanka Tomar • 25.20K Points
Instructor II

Q 10. PEST is an acronym which stands for ________.

(A) Political, Environment, Societal, Technology. Share institution privatization.
(B) Political, Economic, Societal, Technological.
(C) Political, Economic, Social, Technological.
(D) People, Economy, Standards, Tr
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