Business Studies Chapter 3 – Principles of Management MCQ Question Answers for CUET 2024

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

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

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

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

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

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

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

8. 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.

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

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

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

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

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

14. Which of the following is not a part of the business environment of business?
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. Liberalisation means
a.
b.
c.
d.

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

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

19. 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.

20. ___ is the integration of world economy into a single market through removal of trade barriers between countries
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