Business Studies Chapter 3 – Principles of Management MCQ Question Answers for Various Entrance Exams

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

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

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

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

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

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

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

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

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

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

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

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

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

14. 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 lin
a.
b.
c.
d.

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

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

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

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


 


 
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