Question : As a foreign tourist visited India, he noticed that indian markets, tastes, trends and regulations were different from that of his country. Which feature of business environment is reflected here?
Option 1: Uncertainity
Option 2: Dynamic
Option 3: Relative
Option 4: All of the above
Correct Answer: Relative
Solution : Business environment differs from country to country, region to region as political conditions, cultures are different in different countries. In the above case, As a foreign tourist visited India, he noticed that indian markets, tastes, trends and regulations were different from that of his country. Relative feature of business environment is discussed Hence, option 3 is the correct answer.
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Question : The introduction of the Securities and Exchange Board of India (SEBI) aimed to regulate and develop which sector?
Option 1: Banking
Option 2: Insurance
Option 3: Stock markets
Option 4: Foreign exchange markets
Question : A consequence of economic liberalization in India was:
Option 1: Strengthening of labor unions
Option 2: Increased competition in domestic markets
Option 3: Expansion of the public sector
Option 4: Decrease in foreign direct investment
Question : A key feature of economic liberalization in India was:
Option 1: Strengthening of public sector monopolies
Option 2: Deregulation and privatization
Option 3: Increased emphasis on agricultural subsidies
Option 4: Closure of foreign companies
Question : What was a common feature of hill stations established in India during the colonial period?
Option 1: They were often located near rivers
Option 2: They had a tropical climate
Option 3: They served as administrative centers
Option 4: They were situated at higher altitudes for cooler climates
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