{"id":17759,"date":"2022-05-25T05:30:27","date_gmt":"2022-05-25T00:00:27","guid":{"rendered":"https:\/\/mcq-questions.com\/?p=17759"},"modified":"2022-05-17T10:47:02","modified_gmt":"2022-05-17T05:17:02","slug":"mcq-questions-for-class-12-business-studies-chapter-3","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/mcq-questions-for-class-12-business-studies-chapter-3\/","title":{"rendered":"MCQ Questions for Class 12 Business Studies Chapter 3 Business Environment with Answers"},"content":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 12 Business Studies Chapter 3 Business Environment with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Business Studies with Answers<\/a>. You can also verify your answers from our provided Business Environment Class 12 MCQs Questions with Answers. So, ace up your preparation with MCQ on Business Environment Class 12 Objective Questions.<\/p>\n

Business Environment Class 12 MCQs Questions with Answers<\/h2>\n

Question 1.
\nRelaxing the restrictions and controls imposed on Business and industry means
\n(a) Liberalisation
\n(b) Privatisation
\n(c) Globalisation
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Liberalisation<\/p>\n<\/details>\n

\n

Question 2.
\nWhich of the following best indicates the importance of the business environment?
\n(a) Coping with rapid changes
\n(b) Identification
\n(c) Improvement in performance
\n(d) All of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) All of the above<\/p>\n<\/details>\n

\n

Question 3.
\nWhat will be the effect of an increase in tax by the government?
\n(a) Increase in cost of production
\n(b) Creates fear in the minds of investors
\n(c) Increase in profit margin
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Increase in cost of production<\/p>\n<\/details>\n

\n

Question 4.
\nWhat creates fear in the minds of investors to invest in long term projects?
\n(a) Privatisation
\n(b) Political Uncertainty
\n(c) Liberalisation
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Political Uncertainty<\/p>\n<\/details>\n

\n

Question 5.
\nWhich of the following creates fear in the minds of investors?
\n(a) Political uncertainty
\n(b) New innovations
\n(c) None of these
\n(d) Technological improvements<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Political uncertainty<\/p>\n<\/details>\n

\n

Question 6.
\nCelebration of Diwali is the example of:
\n(a) Technological Environment
\n(b) Social Environment
\n(c) Political Environment
\n(d) Legal Environment<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Social Environment<\/p>\n<\/details>\n

\n

Question 7.
\nBooking of Railway tickets through internet from home or office is an example of _________
\n(a) Political Environment
\n(b) Technological Environment
\n(c) Economic Environment
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Technological Environment<\/p>\n<\/details>\n

\n

Question 8.
\nExport promotion is concerned with __________
\n(a) Privatisation
\n(b) Globalisation
\n(c) Liberalisation
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Globalisation<\/p>\n<\/details>\n

\n

Question 9.
\nChanges in fashions and tastes of consumers will __________
\n(a) Shift the market demand from an existing product to new ones
\n(b) Increase the cost of production
\n(c) Increase the profit
\n(d) Increase the Sale<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Shift the market demand from an existing product to new ones<\/p>\n<\/details>\n

\n

Question 10.
\nIncreased competition in the market will _________
\n(a) Increase the tax
\n(b) Increase the profit
\n(c) Increase the cost of production
\n(d) Reduce the profit margin<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Reduce the profit margin<\/p>\n<\/details>\n

\n

Question 11.
\nGiving freedom to Indian business and industries from all unnecessary government controls and restrictions is an example of ____________
\n(a) Privatisation
\n(b) Globalisation
\n(c) Liberalisation
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Liberalisation<\/p>\n<\/details>\n

\n

Question 12.
\nTechnological improvements and innovations result in________
\n(a) Increase in tax
\n(b) Render existing products obsolete
\n(c) Reduction in profit margins
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Render existing products obsolete<\/p>\n<\/details>\n

\n

Question 13.
\nWhich of the following does not explain the impact of Government policy changes on business and industry?
\n(a) More demanding customers
\n(b) Change in agricultural prices
\n(c) Increasing competition
\n(d) Market orientation<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Change in agricultural prices<\/p>\n<\/details>\n

\n

Question 14.
\nGlobalisation aims at ________
\n(a) Export Promotion
\n(b) Foreign exchange reforms
\n(c) Import liberalization
\n(d) All of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) All of the above<\/p>\n<\/details>\n

\n

Question 15.
\nWhen a company taken over another one and clearly becomes the new owner, the action is called
\n(a) Merger
\n(b) Acquisition
\n(c) Strategic Alliance
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Acquisition<\/p>\n<\/details>\n

\n

Question 16.
\nWhich of the following does not characterize the business environment?
\n(a) Complexity
\n(b) Relativity
\n(c) Employees
\n(d) Uncertainty<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Employees<\/p>\n<\/details>\n

\n

Question 17.
\nGross Domestic Product (GDP) is concerned with _______
\n(a) Political Environment
\n(b) Legal Environment
\n(c) Economic Environment
\n(d) Social Environment<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Economic Environment<\/p>\n<\/details>\n

\n

Question 18.
\nRise in GDP lead to rise in ___________________
\n(a) Increase in new taxes
\n(b) Cost of Production
\n(c) Disposable income of people
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Disposable income of people<\/p>\n<\/details>\n

\n

Question 19.
\nFacebook, Twitter and Whatsapp is the result of ___________
\n(a) Political Environment
\n(b) Social Environment
\n(c) Technological Environment
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Technological Environment<\/p>\n<\/details>\n

\n

Question 20.
\nExternal environment trends and changes will provide ________
\n(a) Threats
\n(b) Goodwill
\n(c) Less Competition
\n(d) Profits<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Threats<\/p>\n<\/details>\n

\n

Question 21.
\nLiberalization means
\n(a) Reduced government controls and restrictions
\n(b) Policy of planned disinvestments
\n(c) Integration among economies
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Reduced government controls and restrictions<\/p>\n<\/details>\n

\n

Question 22.
\nReduction in the role of the public sector is due to _______
\n(a) Political Environment
\n(b) Privatisation
\n(c) Globalisation
\n(d) Liberalisation<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Privatisation<\/p>\n<\/details>\n

\n

Question 23.
\nAn increase or decrease in the value of Rupee is an example of _________
\n(a) Political Environment
\n(b) Economic Environment
\n(c) Social Environment
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Economic Environment<\/p>\n<\/details>\n

\n

Use the above-provided NCERT MCQ Questions for Class 12 Business Studies Chapter 3 Business Environment with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 12 Business Studies Business Environment MCQs Multiple Choice Questions with Answers then leave your comments below. We’ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 12 Business Studies Chapter 3 Business Environment with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Business Studies with Answers. You can also verify your answers from our provided …<\/p>\n

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