Hello candidate,

The IMF has a high role on providing industrial development all across the globe and it promotes monetary cooperation and provides policy advice and capacity development support to preserve global macroeconomic and financial stability and help countries build and maintain strong economies.

It's major impact on the HRM contributes to- the IMF's mandate includes facilitating the expansion and balanced growth of international trade, promoting exchange stability, and providing the opportunity for the orderly correction of countries' balance of payments problems.

Hope you found it helpful. If you have any questions please feel free to post it here!!

Hi Candidate,

Business Environment encompasses the -climate' or set of conditions, economic, social, political or institutional in which business operations are Conducted.

Indian business environment is characterized by the co-existence of both public and private sector in respect of its participation in various economic activities in the country. Accordingly, the various economic policies of the country can promote the development of both the sectors in different spheres of activities.

Environment contains the external factors that create opportunities and threats to the business.

Hope that this answer helps you.

Dear aspirant,

Here are some mcqs on Indian Business environment-

1)What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991?

a)VRS to shed the excess load of workers

b)Disinvestment of public sector share holding

c)Referring sick units to BIFR

d)All of the above

Answer- d

2)A monopolistic trade practice is deemed to be prejudicial to public interest except when

a)Authorized by Central Government

b)Authorized by State Government

c)Authorized by Supreme Court

d)None of the above

Answer-a

3)____ is an economic system based on the principal of free enterprise.

a)Capitalism

b)Socialism

c)Mixed economy

d)Marxism

Answer-A

4)Which among this is not opened for private sector participation

a)Power sector

b)Telecommunication sector

c)Education sector

d)Railways

Answer-d

5)The pre liberalisation era of indian economy was under the grip of

a)Unemployment

b)Under-employment

c)Fiscal Deficit

d)Unfavourable and alarming balance of payment

Answer-d

These are some of the MCQs that can be asked on indian business environment.To get more types of such MCQs you can do a google search and get many questions like those above!

Best of luck.

Hey Candidate,

MEANING OF BUSINESS ENVIRONMENT

Business Environment is the sum or collection of all internal and external factors such as employees, customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, etc.

TYPES OF BUSINESS ENVIRONMENT

The types of business environment includes Economic environment, Legal environment, Competitive environment, Technological environment, Social environment.

COMPONENTS OF BUSINESS ENVIRONMENT

Components of the business organization depend on the criteria like the nature of the business, size of operations and on many more things.  . These factors affect the function of the company and how a company works directly or indirectly. Sum of these factors influences the companies or business organizations environment and situation.

Hello!.

Books for Business Environment and Law-

*Commercial Law by Sen & Mitra

*The Business Environment by Ian Wirthington & Chris Britton

*Entrepreneurship and Enterprises Development by Raymond W.Y. Kao

*Business Laws by D. Chandra Bose

*A Manual of Mercantile Laws by M.C. Shukla

*Mercantile Law by N.D kapoor and M.C. Kuchhal

*Business Laws and Management by N.D. Kapoor & Dinkar Pagare

*A Textbook of Business Law by P. P. S. Gogna

*Business Studies by Poonam Gandhi

*Business Studies Text Book for Class 10+2 from NCERT

For Topic Wise Preparation-

Business functions-

*Corporate governance and social responsibility by Anil Kumar and Jyotsna Rajan Arora

Introduction to law

*An introduction to Jurisprudence (Legal Theory) by B.N.M.P. Tripathi

*Introduction of Jurisprudence with Selected Texts by Dennis Lloyd

*Essential Business Law (Law and the legal System) by Peter Smith

Indian Partnership Act-

*A manual of Mercantile Law by M.C Shukla

*Elements of Mercantile Law by N.D. Kapoor

*Law of Partnership by Avtar Singh

Elements of Company Law-

*Company Law Manual by Taxmann

Indian Contract Act-

*Law of Contract by Avtar Singh

*A Manual of Mercantile Law by M.C. Shukla

Cyber Laws-

*Legal Aspects of Business by R.S.N Pillai and Bagavathi

*Business Law by Inderjeet Dagar and Anurag Agnihotri

For more information follow the following link given below

https://www.google.com/amp/s/finance.careers360.com/articles/best-books-for-cs-foundation/amp

Hope it helps!

Thankyou!