CBSE Class 12 Business Environment Multiple Choice Questions with Answers. MCQ Questions Class 12 Business Environment with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Business Environment with Answers to know their preparation level.
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MCQ Questions Class 12 Business Environment with Answers - Set - 5
Question 1:Â
On 8th November 2016, with the announcement from Government of India, all the ₹500 and ₹1,000 banknotes of the Mahatma Gandhi series have ceased to be a legal tender. The givemment also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. Identify the concept being described in the above lines.
(a) Globalisation
(b) Liberalisation
(c) Demonetisation
(d) Privatisation
Correct Answer – (C)
Question 2:Â
Legal rules and regulations relevant to business are included in ______________ environment of business.
(a) Legal
(b) Political
(c) Economic
(d) Technological
Correct Answer – (A)
Question 3:Â
______________ is the integration of world economy into a single market through removal of trade barriers between countries.
(a) Privatisation
(b) Liberalisation
(c) Globalisation
(d) Both(a) and (b)
Correct Answer – (C)
Question 4:Â
Which one of the following is the impact of Government policy changes on business and industry?
(a) Increase in agricultural productivity
(b) Increase in product prices
(c) Increase in competition
(d) Increase in urbanisation
Correct Answer – (C)
Question 5:Â
Proper understanding of business environment is not a prerequisite for
(a) tapping of useful resources.
(b) identification of opportunities and threats.
(c) formulation of strategies.
(d) better coordination of employee efforts.
Correct Answer – (C)
MCQ Questions Class 12 Business Environment With Answers
Question 6:Â
A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.
(a) Increasing competition
(b) More demanding customers
(c) Necessity for change
(d) Market orientation
Correct Answer – (A)
Question 7:Â
_____________ feature of business environment states that various factors of business environment affect each other.
(a) Pervasive
(b) Continuous
(c) Dynamic
(d) Interrelatedness
Correct Answer – (D)
Question 8:Â
____________ nature of business environment suggests that environment keeps on changing.
(a) Dynamic
(b) Pervasive
(c) Continuous
(d) Multidimensional
Correct Answer – (A)
Question 9:Â
Globalisation means
(a) reduced role of public sector
(b) integration of economies
(c) lowering interest rates
(d) control of inflation
Correct Answer – (B)
Question 10:Â
Which one of the following is a part of economic environment?
(a) Public debt
(b) Lifestyle of people
(c) Technological changes
(d) Level of education
