Business Environment

201. The second five year plan was given during ______________.

  1. 1956.
  2. 1957.
  3. 1958.
  4. 1959.
Correct answer: (A)
1956.

202. On may 14, _______________ the ministry of state for company affairs introduced in the parliament.

  1. 1991.
  2. 1992.
  3. 1993.
  4. 1994.
Correct answer: (C)
1993.

203. ______________ refers to the intensity of competition among firms.

  1. Intensity of rivalry.
  2. Competitiveness.
  3. Absolute competition.
  4. Non competence.
Correct answer: (A)
Intensity of rivalry.

204. _______________ are also referred to as neighbourhood or spillover effects.

  1. Internalities.
  2. Externalities.
  3. Naturalities.
  4. Prosperities.
Correct answer: (B)
Externalities.

205. _______________ is also called government which implements whatever is decided by the parliament.

  1. Legislature.
  2. Executive.
  3. Judiciary.
  4. None of the above.
Correct answer: (B)
Executive.

206. Social and cultural environment comes under ________________ environment.

  1. micro.
  2. macro.
  3. semi micro.
  4. de micro.
Correct answer: (B)
macro.

207. _________________ occurs when one company grants a licence to a company in another country.

  1. Licencing.
  2. Medium grants.
  3. Short span.
  4. Fine.
Correct answer: (A)
Licencing.

208. Every economy totally free from government role?

  1. Government.
  2. Private.
  3. Small.
  4. Big.
Correct answer: (A)
Government.

209. What does the term bigness mean in business?

  1. Mass production.
  2. Mass marketing.
  3. Mass production and mass marketing.
  4. . Low sales.
Correct answer: (C)
Mass production and mass marketing.

210. Adding new, unrelated products or services for present customers is called horizontal ________________.

  1. diversification.
  2. Loss.
  3. verification.
  4. love.
Correct answer: (A)
diversification.
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