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1.       Business is a ______activity

a.       Organized

b.       Personnel

c.       Extractive

d.       Commerce

ANS: A

 

2.       ____function is concerned with the management of people in the organization

a.       Personnel

b.       Organized

c.       Personnel

d.       Extractive

ANS: A

 

3.       ____ industries are concerned with extracting materials or minerals from natural resources

a.       Organized

b.       Personnel

c.       Extractive

d.       Commerce

ANS: C

 

 

4.       ______ is concerned with the expansion of markets

a.       Organized

b.       Personnel

c.       Extractive

d.       Commerce

ANS: D

 

 

5.       ______ is concerned with importing of goods & then selling the same in another country

a.       Entrepot

b.       Organized

c.       Personnel

d.       Extractive

ANS: A

 

 

6.       ______fills the knowledge gap

a.       Advertsing

b.       Internal

c.       Economic

d.       Micro

ANS: A

 

 

7.       ______concept of business is concerned with customer satisfaction

a.       Economic

b.       Micro

c.       Modern

d.       Macro

ANS: C

 

 

8.       ______ refers to the reduction of Government control over business sector

a.       Liberalization

b.       Economic

c.       Micro

d.       Modern

ANS: A

 

 

9.       Analysis of _____ environment indicates strengths & weaknesses of the organisation

a.       Internal

b.       Laptop

c.       SMS

d.       Email

ANS: A

 

10.   _____ environment is influenced by economic policies of the Government

a.       Advertsing

b.       Internal

c.       Communication

d.       Economic

ANS: D

 

11.   _______environment is concerned with different aspects of population

a.       Demographic

b.       Liberalization

c.       Economic

d.       Micro

ANS: A

 

12.   ______agreement is concerned with liberalization of international investments

a.       TRIMS

b.       Liberalization

c.       Economic

d.       Micro

ANS: A

 

 

13.   Customers form a part of ______environment

a.       Trade

b.       SAARC

c.       Micro

d.       Business

ANS: C

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14.   WTO was replaced by GATT in the year _____

a.       1999

b.       1955

c.       1996

d.       1956

ANS: B

 

15.   ____ is a trading bloc consisting of South Asian countries

a.       Trade

b.       SAARC

c.       Micro

d.       Business

ANS: B

 

16.   Trading blocs results in ______creation

a.       Trade

b.       SAARC

c.       Micro

d.       Business

ANS: A

 

17.   ____ environment has direct & indirect impact on the working of the business firms

a.       Trade

b.       SAARC

c.       Micro

d.       Business

ANS: D

 

18.   Analysis of working conditions is an element of _____environment analysis

a.       Internal

b.       Trade

c.       SAARC

d.       Micro

ANS: A

 

 

19.   _____acts as a reference guide during the execution of the projects

a.       Project report

b.       Statement report

c.       Business report

d.       Profit report

ANS: A

 

20.   ______is an entrepreneur within an existing organization

a.       Intrapreneur

b.       Opportunity

c.       Innovators

d.       Proactive

ANS: A

 

 

21.   The most successful entrepreneurs are the _____

a.       Sociology

b.       Opportunity

c.       Innovators

d.       Proactive

ANS: C

 

22.   Entrepreneurs need to take ______decisions

a.       Proactive

b.       Production

c.       Process

d.       Profit

ANS: A

 

23.   An entrepreneur exploits change into an ________

a.       Opportunity

b.       Organization

c.       Objective

d.       Opportunity

ANS: A

 

24.   The key strength of _____ type of entrepreneur is imagination

a.       Visionary

b.       Vision

c.       Mission

d.       Business

ANS: A

 

25.   Proximity to market of a plant is required in case of _____ products

a.       Fragile

b.       SAARC

c.       Micro

d.       Business

ANS: A

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