Grade: XII
Subject: COMMERCE
Unit Number: 1 Unit Name: Business Environment
Topic Name: Business Environment
Question 1.
Which one of the following is not a feature of business environment?
(a) Uncertainty
(b) Interdependence
(c) Complexity
(d) Stability
Answer: (d) Stability
Question 2.
Which one of the following is a part of economic environment?
(a) Public debt
(b) Lifestyle of people
(c) Technological changes
(d) Level of education
Answer: (a) Public debt
Question 3.
Which of the following is not the external element of Micro environment?
(a) Customers
(b) Employees
(c) Competitors
(d) Suppliers
Answer: (b) Employees
Question 4.
Globalisation means
(a) reduced role of public sector
(b) integration of economies
(c) lowering interest rates
(d) control of inflation
Answer: (b) integration of economies
, Question 5.
Which one of the following is the impact of Government policy changes on
business and industry?
(a) Increase in agricultural productivity
(b) Increase in product prices
(c) Increase in competition
(d) Increase in urbanisation
Answer: (c) Increase in competition
Question 6.
___ nature of business environment suggests that environment keeps on
changing.
(a) Dynamic
(b) Pervasive
(c) Continuous
(d) Multidimensional
Answer: (a) Dynamic
Question 7.
___ is the integration of world economy into a single market through removal
of trade barriers between countries.
(a) Privatisation
(b) Liberalisation
(c) Globalisation
(d) Both(a) and (b)
Answer: (c) Globalisation
Question 8.
___ feature of business environment states that various factors of business
environment affect each other.
(a) Pervasive
(b) Continuous
(c) Dynamic
(d) Interrelatedness
Answer: (d) Interrelatedness
Subject: COMMERCE
Unit Number: 1 Unit Name: Business Environment
Topic Name: Business Environment
Question 1.
Which one of the following is not a feature of business environment?
(a) Uncertainty
(b) Interdependence
(c) Complexity
(d) Stability
Answer: (d) Stability
Question 2.
Which one of the following is a part of economic environment?
(a) Public debt
(b) Lifestyle of people
(c) Technological changes
(d) Level of education
Answer: (a) Public debt
Question 3.
Which of the following is not the external element of Micro environment?
(a) Customers
(b) Employees
(c) Competitors
(d) Suppliers
Answer: (b) Employees
Question 4.
Globalisation means
(a) reduced role of public sector
(b) integration of economies
(c) lowering interest rates
(d) control of inflation
Answer: (b) integration of economies
, Question 5.
Which one of the following is the impact of Government policy changes on
business and industry?
(a) Increase in agricultural productivity
(b) Increase in product prices
(c) Increase in competition
(d) Increase in urbanisation
Answer: (c) Increase in competition
Question 6.
___ nature of business environment suggests that environment keeps on
changing.
(a) Dynamic
(b) Pervasive
(c) Continuous
(d) Multidimensional
Answer: (a) Dynamic
Question 7.
___ is the integration of world economy into a single market through removal
of trade barriers between countries.
(a) Privatisation
(b) Liberalisation
(c) Globalisation
(d) Both(a) and (b)
Answer: (c) Globalisation
Question 8.
___ feature of business environment states that various factors of business
environment affect each other.
(a) Pervasive
(b) Continuous
(c) Dynamic
(d) Interrelatedness
Answer: (d) Interrelatedness
