Question :

1	Business environment includes forces such as investors, suppliers, legal aspects, technological conditions.	A	Business environment is dynamic
2	There are changes in technological environment, shift in consumer preference or entry of new competition in the market.	B	Business environment is complex
3	Business environment is a complex phenomenon that is relatively easier to understand in parts but difficult to grasp in its totality.	C	Business environment is relative concept
4	Business environment differs from country to country and region to region	D	Business studies includes both specific and general studies.

 

Option 1: 1-D, 2-A, 3-B, 4-C

Option 2: 1-B, 2-C, 3-A, 4-D

Option 3: 1-C, 2-D, 3-B, 4-A

Option 4: 1-D, 2-B, 3-A, 4-C

Question : What is a challenge faced by inland waterways in urban areas?

Option 1: Competition with recreational boating

Option 2: Limited access to ports

Option 3: Congestion and pollution

Option 4: Insufficient water depth

Question : Which of the following about the impact of economic reforms of the businesses is incorrect?
 

Option 1: Increased competition in the market gives the customer wider choice.
 

Option 2: The business environment was quite stable and business plans and policies were continued for the long period of time.
 

Option 3: Increase competition made it compulsory for Indian firm to develop new ways to survive in the market.
 

Option 4: All of the above are correct.
 

Question : The study of market structures, such as perfect competition and monopoly, is a part of:

Option 1: Microeconomics

Option 2: Macroeconomics

Option 3: Econophysics

Option 4: Environmental economics

Question : Which sector witnessed increased competition due to liberalization in India?

Option 1: Agriculture

Option 2: Education

Option 3: Health care

Option 4: Telecom and communication

Question : Statement 1: Liberalization of the financial sector in India aimed to increase competition among banks.

Statement 2: The Reserve Bank of India (RBI) played a key role in implementing financial sector reforms.

Option 1: Both statements are true.

Option 2: Both statements are false.

Option 3: Statement 1 is true, and statement 2 is false.

Option 4: Statement 1 is false, and statement 2 is true.