Chapter-3 Business Environment
1. The nature of relationship of our
country with foreign countries is a major
element of which of the following
components of the business
environment?
a) Social Environment
b) Legal Environment
c) Political Environment
d) Economic Environment
2. Which of the following is not an
element of Social Environment?
a) Composition of family
b) Consumption of family
c) Rates of saving and investment
d) Educational system and literacy rates
3. Which of the following is a component
of economic environment?
a) Concern with quality of life
b) Rates of saving and investment
c) Extent of government
intervention in business
d) Birth death rates
4._______________ environment of
business include forces relating to
improvements and innovations which
provide new producing goods and
services and new methods and
techniques of operating a business.
a) Social
b) Political
c) Technological
d) Economic
5. What is included in ‘Political
Environment’ of business?
6. As per plastic waste management
rules 2022 single use plastic items were
prohibited in Delhi from 1st July 2022.
The dimensions of business environment
referred to here is _______________
A) Economic Environment
B) Legal environment
C) Technology environment
D) Political environment
7. Reserve Bank of India has reduced the
REPO rates for providing cheaper loans
to the industries during COVID-19
pandemic. Which dimension of business
environment is being discussed here?
A. Social
B. Political
C. Technological
D. Economic
3 MARK
8. State any 3 features of
demonetization.
9. What is meant by Business
Environment? State any 3 points of its
importance.
4 MARK
10. State any 4 features of business
environment.
11. Why is the understanding of business
environment important for managers?
Explain any 4 point.