CUET 2024 Business Studies Chapter 3 – Principles of Management MCQ Question and Answers – MCQs for Practice by Meenu Saini | Mar 7, 2023 | General | 0 comments Business Studies Chapter 3 – Principles of Management MCQ Question Answers for CUET 2024 1. ___ is the integration of world economy into a single market through removal of trade barriers between countriesa.Both a and bb.Liberalisationc.Globalisationd.Privatisation Loading... 2. What was given by the Government of India on lease in 1991 to State Bank Of India a.Govt. Institutionsb.Govt. Securitiesc.Goldd.Govt. Bonds Loading... 3. Which of the following is the component of the Economic Environment ?a.Volume of imports and exports of different itesmb.Balance of payments and changes in foreign exchange reservesc.All of the aboved.Agricultural and Industrial production trends Loading... 4. FIPB stands for ___ ?a.Foreign Investment Publicity Boardb.Foreign Investment Promotion Boardc.Financial investment publicity boardd.Foreign Investment Promotion board Loading... 5. Globalization does not involve:a.Free flow of goods and servicesb.Reduction of barrierc.Free flow of capitald.Global mechanism for settlement of economic disputes Loading... 6. In order to boost and double India’s export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate, bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.a.Political dimension and social dimensionb.Social dimension and legal dimensionc.Technological dimension and Political dimensiond.Economic dimension and legal dimension Loading... 7. Identification of opportunities to get first more advantage is one of the importance of the business environment. (True/Falsea.Cannot be Determinedb.TRUEc.FALSEd.Maybe Loading... 8. Liberalisation meansa.None of theseb.Integrating among economiesc.End of license and reduction of government condtrold.Policy of planned disinvestment Loading... 9. Which of the following is not a part of the business environment of business?a.Competitiorsb.None of the abovec.Suppliersd.Customers Loading... 10. Proper understanding of business environment is not a prerequisite fora.Bettter coordination of employee effortsb.Formulation of strategiesc.Tapping of useful resourcesd.Identificaion of opportunities and threats Loading... 11. Which of the following is the impact of govt. policy changes on business & industry?a.Need for changeb.Demanding Customersc.All of the aboved.Increased competition Loading... 12. State True or False, Privatisation involves freedom of doing business.a.Cannot be Determinedb.TRUEc.Maybed.FALSE Loading... 13. Any kind of external devices, like compact discs (CD’s) for computer, have become obsolete. Google, with its Google Drive service, Apple with its iCloud offering, enables the users to store documents, photos, music and movies on web-based servers. Identify the feature of the business environment being described in the above lina.Relativityb.Interrelatednessc.Dynamic Natured.Uncertainty Loading... 14. What is the full form of LERMS ?a.Liberalised Economy Rate Management Societyb.Liberalised Exchange Rate Management Syste,c.Local Exchange Rate Management Systemd.Liberalised Exchange Return Management System Loading... 15. In the business environment, which feature states that various factors of business environment affect each othera.Pervasiveb.Continuousc.Dynamicd.Interrelatedness Loading... 16. Which of the following is not a feature of demonetisation?a.Development of less cash economyb.Channelising savings into the formal financial systemc.Tax administration measured.Totality of external forces Loading... 17. Which nature of the business environment suggests that the environment keeps on changing?a.Dynamicb.Continuousc.Multidimensionald.Pervasive Loading... 18. In which environment of business legal are rules and regulations related to business included?a.Politicalb.Socialc.Legald.Economic Loading... 19. Which of the following is the Major Element of Social Environment?a.Educational system and literacy ratesb.All of the abovec.Planned outlay in private and public sectorsd.Public debt (internal and external) Loading... 20. Who was Diwakar Kamboj?a.Rickshaw Pullarb.Tailorc.Street Vendord.Beggar Loading... Loading... Also See : Business Studies Chapter 1 – Nature and Significance of Management MCQs Business Studies Chapter 2 – Principles of Management MCQs Business Studies Chapter 4 – Planning MCQs Business Studies Chapter 5 – Organising MCQs Business Studies Chapter 6 – Staffing MCQs Business Studies Chapter 7 – Directing MCQs Business Studies Chapter 8 – Controlling MCQs Business Studies Chapter 9 – Financial Management MCQs Business Studies Chapter 10 – Financial Markets MCQs Business Studies Chapter 11 – Marketing Management MCQs Business Studies Chapter 12 – Consumer Protection MCQs Submit a Comment Cancel replyYou must be logged in to post a comment.