Business Environment
201. The second five year plan was given during ______________.
- 1956.
- 1957.
- 1958.
- 1959.
Correct answer: (A)
1956.
202. On may 14, _______________ the ministry of state for company affairs introduced in the parliament.
- 1991.
- 1992.
- 1993.
- 1994.
Correct answer: (C)
1993.
203. ______________ refers to the intensity of competition among firms.
- Intensity of rivalry.
- Competitiveness.
- Absolute competition.
- Non competence.
Correct answer: (A)
Intensity of rivalry.
204. _______________ are also referred to as neighbourhood or spillover effects.
- Internalities.
- Externalities.
- Naturalities.
- Prosperities.
Correct answer: (B)
Externalities.
205. _______________ is also called government which implements whatever is decided by the parliament.
- Legislature.
- Executive.
- Judiciary.
- None of the above.
Correct answer: (B)
Executive.
206. Social and cultural environment comes under ________________ environment.
- micro.
- macro.
- semi micro.
- de micro.
Correct answer: (B)
macro.
207. _________________ occurs when one company grants a licence to a company in another country.
- Licencing.
- Medium grants.
- Short span.
- Fine.
Correct answer: (A)
Licencing.
208. Every economy totally free from government role?
- Government.
- Private.
- Small.
- Big.
Correct answer: (A)
Government.
209. What does the term bigness mean in business?
- Mass production.
- Mass marketing.
- Mass production and mass marketing.
- . Low sales.
Correct answer: (C)
Mass production and mass marketing.
210. Adding new, unrelated products or services for present customers is called horizontal ________________.
- diversification.
- Loss.
- verification.
- love.
Correct answer: (A)
diversification.