Question : Identify the feature of business environment highlighted here. Invention of new method of production has reduced the cost of production and has also changed the total outlook of the organisation.
Option 1: Totality of external forces
Option 2: Inter-relatedness
Option 3: Dynamic nature
Option 4: Uncertainty
Correct Answer: Dynamic nature
Solution : The business environment is dynamic in nature. It keeps on changing weather in terms of technology improvement or shift in consumer prisoners on entry of new competition in the market. Hence Option C is correct.
Question : Direction: Given below is a short passage followed by some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and the opinion of the author only.
More than eight months after the national lockdown was announced in late March, urban India is learning to live with the Covid-19 pandemic. In fact, indicating a positive outlook for the future, many survey respondents in a recent survey say they plan to return to pre-lockdown levels of shopping, personal grooming, going to cinemas and socializing as pandemic fears continue to recede. The survey findings highlight that the suppression of consumer demand because of fears of job losses and salary cuts could be coming to an end. Increasingly, urban Indians are showing increased confidence about the future of the economy. This could be an indicator of the possible 'pent-up demand' that several economists have been talking about - a demand that could be unleashed once a vaccine is developed and distributed, or when there are signs of the pandemic's spread reducing to negligible levels or vanishing totally.
Around 65 per cent of respondents said they had settled into new routines, or that they saw signs of the situation improving, or they had come to terms with the pandemic and were moving on with their lives. And since the survey was conducted before the news of the successful trials of the Pfizer vaccine for the coronavirus was announced, it is likely that the consumers are now even more positive in their outlook about the future.
Question:Question:Question: Which one of the following is the central idea of the passage?
Option 1: Economic survey
Option 2: Development of Covid-19 vaccine
Option 3: Suppression of demand
Option 4: None of these
Question : Given below is a short passage followed by some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and the opinion of the author only.
Question: Which one of the following is the antonym of the word 'outlook' in the passage?
Option 1: Indifference
Option 2: perspective
Option 3: viewpoint
Option 4: Interpretation
Question:
What predications are made by the economist reagrding the consumer demand?
Option 1: People are settled in their routines
Option 2: There will be further suppression in demand
Option 3: Suppression of demand will be coming to an end
Option 4: People still fear of the loss of jobs and salary cuts
Question: What, according to the passage, is the reason behind the decline in consumer demands?
Option 1: Dearth of vaccine till date
Option 2: Professional insecurity
Option 3: The intention of saving up money.
Option 4: Careful attitude of the general public
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