CBSE Class 12 (Commerce) Business Environment — practice questions
61 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 12 (Commerce) Business Environment in the app →Business environment refers to the:Which of the following is a key feature of the business environment?The dimension of the business environment that includes interest rates, inflation and income levels is the:The dimension of the business environment relating to customs, traditions and values of society is the:The 1991 New Economic Policy of India is associated with the three processes of:Reducing government restrictions and licensing requirements on business is called:Giving a greater role to the private sector and reducing that of the public sector is called:Integrating a country's economy with the world economy through freer trade and capital flows is called:The 2016 step of withdrawing ₹500 and ₹1000 notes as legal tender is known as:Understanding the business environment helps a firm to:The dimension of the business environment covering scientific improvements and innovations is the:The legal environment of business includes:A firm that fails to adapt to a changing business environment is most likely to:Business environment is the sum total of forces that are:General forces like social and legal conditions affect an individual firm:Maruti Udyog became leader in small cars mainly because it:A foreign multinational entering India with new substitutes acts for Indian firms as:In today's dynamic environment, what matters more than the fact of change?Understanding the environment helps managers mainly in:Enterprises that keep monitoring their environment tend to:In India, advertisement of which product is prohibited by law?Baby food advertisements must inform buyers that:The statutory warning on cigarette packets is due to which environment?In which year was the Competition Act enacted in India?India's economic structure is described as which kind of economy?At Independence, about what share of the working population was in agriculture?Which one is an infrastructural factor in the economic environment?Inflation before the 1991 reforms ran at roughly:How many tonnes of gold was the RBI allowed to pledge to the Bank of England?The New Industry Policy seeking to deregulate industry was announced in:In 1991, the limit on foreign equity was raised from 40 percent to:The Foreign Investment Promotion Board was set up to:Drastically reducing the role of the public sector is called:The 1991 reforms signalled the end of which system?Encouraging foreign private participation in industrial development is called:Disinvestment of public sector enterprises means their transfer to the:On what date was demonetisation announced in India?Demonetisation made what share of money in circulation invalid?Black money, a target of demonetisation, is income that has not been:A cash-lite economy channels more savings through the:What happened to income tax collection after demonetisation?In PESTEL analysis, the letter L stands for:Which set makes up the micro-environment of a firm?All forces of the larger society that affect the micro-environment form the:Which of these belongs to a firm's internal environment?The study of populations by size, density, age and occupation is called:Economies based mostly on agriculture and consuming their own output are:Rising pollution and raw material shortages belong to which macro element?Which macro factor includes laws, government agencies and pressure groups?Which beliefs pass from generation to generation and are hard to change?The meso-level lies between which two levels?Baby boomers are people born between which years?Those who hold and sell a company's product to final buyers are:Which environmental change may make existing products obsolete?About what share of industries was delicensed in the early reforms?How many areas reserved for the public sector were opened to private firms?Import entitlements linked to export earnings were called:The LERMS of 1991 set up which exchange rate arrangement?Which scheme of October 1991 mobilised over $2 billion from funds held abroad?The World Bank Structural Adjustment Loan of April 1992 was worth:What did the MRTP Act amendment do for large companies?