Question : Identify the importance of business environment highlighted in the below case. Maruti udyog was the first company to recognise the need for small cars in India.
Option 1: Identify opportunities and getting first mover advantage
Option 2: Identify threads and early warning signals
Option 3: Helps in taping useful resources
Option 4: Helps in coping with rapid changes
Correct Answer: Identify opportunities and getting first mover advantage
Solution : The company which is able to take the first mover advantage and this more conscious about the change of business environment takes lead in maximizing profit. Hence Option A is correct.
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Question : Identify the importance of business environment highlighted in the below case. Increase in the Indian share of World tourism the AGF hotels has planned for new hotels in India.
Option 1: Helps in taping useful resources
Option 2: Helps in coping with rapid changes
Option 3: Helps in assisting in planning and policy formation
Option 4: Health and improving performance.
Question : Which of the following importance of infrastructure is highlighted here? India is emerging a global destination for BOP’s, KPO’s, call centre, etc.
Option 1: Facilitates functioning of the economy
Option 2: Provides employment
Option 3: Facilitates outsourcing
Option 4: Better quality of life.
Question : Which of the following sectors was given priority during the early phases of planned industrialization in India?
Option 1: Agriculture
Option 2: Services
Option 3: Heavy industries
Option 4: Information technology
Question : Which of the following is an example of joint sector Industry?
Option 1: Steel Authority of India Limited
Option 2: Hindustan Aeronautics Limited
Option 3: Maruti Udyog Limited
Option 4: Anand Milk Union Limited
Question : The shift in class structure post-independence in India saw:
Option 1: A decline in the importance of agriculture
Option 2: The disappearance of the middle class
Option 3: An increase in rural-urban migration
Option 4: The rise of the service sector
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