1. Which of the following is not a part of the economic environment of business?
(A) Competitive Environment
(B) Economic System
(C) Changes in Patent Laws
(D) None of these
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2. The low income economies are sometimes referred to as
(A) First world
(B) Second world
(C) Third world
(D) None of these
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3. This is the Government’s strategy in respect of public expenditure and revenue which have a significant impact on business
(A) Monetary policy
(B) Fiscal Policy
(C) Trade policy
(D) Foreign exchange policy
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4. In which year the constitution of India was amended to add, among other things, that India should be a socialist state?
(A) 1954
(B) 1976
(C) 1980
(D) 1985
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5. The method used for transferring complex technology is
(A) Trunkey contracts
(B) Licensing agreements
(C) Training of experts
(D) None of these
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6.____ is concerned with holding the balance between economic and social goals and between individual and communal goals
(A) Corporate Management
(B) Corporate governance
(C) Business ethics
(D) None
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7.____ is concerned with the withdrawal of State from an industry or sector, partially or fully.
(A) Liberalization
(B) Modernization
(C) Privatization
(D) Globalization
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8. Which Act was replaced with the introduction of Competition Act 2002?
(A) FERA
(B) MRTP
(C) POTA
(D) None
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9. Competition Act was enacted in the year-
(A) June 2002
(B) Dec. 2002
(C) January 1999
(D) None of these
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10. ____is the process of analyzing the environment for the identification of factors which have impact on or have implication for the business.
A) Forecasting
B) Assessment
C) Scanning
D) None of these
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