Business Studies Chapter 3 – Principles of Management MCQ Question Answers for CUET 2023

1. FIPB stands for ___ ?
a.
b.
c.
d.

2. What was given by the Government of India on lease in 1991 to State Bank Of India
a.
b.
c.
d.

3. Globalization does not involve:
a.
b.
c.
d.

4. Which of the following is the component of the Economic Environment ?
a.
b.
c.
d.

5. Who was Diwakar Kamboj?
a.
b.
c.
d.

6. Liberalisation means
a.
b.
c.
d.

7. Which of the following is the Major Element of Social Environment?
a.
b.
c.
d.

8. Which of the following is the impact of govt. policy changes on business & industry?
a.
b.
c.
d.

9. Which nature of the business environment suggests that the environment keeps on changing?
a.
b.
c.
d.

10. Which of the following is not a part of the business environment of business?
a.
b.
c.
d.

11. Identification of opportunities to get first more advantage is one of the importance of the business environment. (True/False
a.
b.
c.
d.

12. Which of the following is not a feature of demonetisation?
a.
b.
c.
d.

13. Any kind of external devices, like compact discs (CDтАЩs) 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 lin
a.
b.
c.
d.

14. What is the full form of LERMS ?
a.
b.
c.
d.

15. Proper understanding of business environment is not a prerequisite for
a.
b.
c.
d.

16. State True or False, Privatisation involves freedom of doing business.
a.
b.
c.
d.

17. ___ is the integration of world economy into a single market through removal of trade barriers between countries
a.
b.
c.
d.

18. In order to boost and double IndiaтАЩs export of goods and services to over USD 1,000 billion by┬а 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.
b.
c.
d.

19. In which environment of business legal are rules and regulations related to business included?
a.
b.
c.
d.

20. In the business environment, which feature states that various factors of business environment affect each other
a.
b.
c.
d.


 

Also See :

Business Studies Chapter 1 тАУ Nature and Significance of Management MCQs

Business Studies Chapter 2 тАУ Principles of Management MCQs

Business Studies Chapter 4 тАУ Planning MCQs

Business Studies Chapter 5 тАУ Organising MCQs

Business Studies Chapter 6 тАУ Staffing MCQs

Business Studies Chapter 7 тАУ Directing MCQs

Business Studies Chapter 8 тАУ Controlling MCQs

Business Studies Chapter 9 тАУ Financial Management MCQs

Business Studies Chapter 10 тАУ Financial Markets MCQs

Business Studies Chapter 11 тАУ Marketing Management MCQs

Business Studies Chapter 12 тАУ Consumer Protection MCQs