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 : What was a major challenge faced by artisans in the late 18th-century rural society due to colonial policies?

Option 1: Lack of raw materials
 

Option 2: Competition with imported goods
 

Option 3: Restricted access to markets
 

Option 4: Over-regulation by local authorities

Question : Which of the following is not a benefit of entrepreneurship development for society?

Option 1: Economic growth and development
  

Option 2: Reduction in income inequality
    

Option 3: Increased competition and market efficiency

Option 4: Increased government control over business activities

Question :  A common cause of intergroup conflicts is:  

Option 1: Clear communication  

Option 2: Shared resources  

Option 3: Competition for resources  

Option 4: Cooperation between groups  

Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. They have been facing increased competition and declining sales in recent years. The management is looking for ways to revamp their production processes and regain market share.

Question:
One of the characteristics of effective planning that XYZ Manufacturing Company should focus on is:

Option 1: Lack of flexibility
  

Option 2: Ambiguous objectives
    

Option 3: Measurable and specific goals

Option 4: Ignoring external opportunities