AIMA Second Semster Assignments
Economic and Social Environment (GM02)
Question 1:- Which of the following best indicates the importance of business environment?
a) Identification
b) Improvement in Performance
c) Coping with rapid change
d) All
Question 2:- Under the three-tier consumer Dispute Redressal System the state commission is headed by
a) District Judges
b) High Court Judge
c) Supreme Court Judge
d) None of these
Question 3:- The Competition Act 2002 replaced the MRTP Act 1969
a) True
b) False
Question 4:- Customer opinions about using internet are example of which environment factors?
a) Political
b) Social
c) Economic
d) Technological
Question 5:- When a hotel restaurant business is analysing its environment, it would classify a change in the law on smoking in public places as a/an _________ factor
a) Economic
b) Social
c) Political
d) Technological
Question 6:- In case of contravention of any provision of FEMA what penalty is imposed by the amount involved in quantifiable
a) Twice
b) Four times
c) Thrice
d) None of these
Question 7:- The process by which organizations monitor their environment to identify opportunities and threats affecting the business is known as environmental scanning.
a) True
b) False
Question 8:- Which of the following does not come under dimensions of business environment
a) Economic
b) Social
c) Emotional
d) Legal
Question 9:- Which of the following may act as hindrance in the effect implementation of private sector project
a) Effective utilization of capacity
b) Proper planning
c) Less political interference
d) Monopoly power & concentration
Question 10:- Macro Environment is further classified as
a) Internal & External Environment
b) Economic & Non Economic Environment
c) Direct & Indirect Environment
d) None of these
Question 11:- Which of the following is correct regarding the Gross Domestic Saving in India?
a) Contribution of household sector is the largest
b) Contribution of government sector is the largest
c) Contribution of corporate sector is the largest
d) None of these
Question 12:- In India, the Public Sector is most dominant in?
a) Transport
b) Steel Production
c) Commercial Banking
d) Organized term lending financial institutions
Question 13:- ____________ consists of the actors in the company's immediate environment that affect the performance of the company
a) Micro environment
b) Macro environment
c) Economic Environment
d) Non Economic Environment
Question 14:- Fresh evaluation of every item of expenditure from the very beginning of financial year is called
a) Fresh budgeting
b) Deficiet Budgeting
c) Performance Budgeting
d) Zero-based budget
Question 15:- Fiscal Policy is connected with
a) Issue of currency
b) Export & Import
c) Public Revenue Expenses
d) None of these
Question 16:- Which of the following is not one of the environmental factor that may influence the potential of a small business?
a) Close contact with customers related to problem solving activities
b) Industrial structure favors small independent units
c) Banks recognizing the need of small firms
d) Clusters of technically advanced small firms
Question 17:- State True or False Consumer Protection Act, 1986 was formed with the objective of providing better protection of the interest of consumer's and for settlement of consumer's disputes
a) true
b) false
Question 18:- Violation of FEMA was treated by
a) Civil offence
b) Criminal offence
c) None of them
d) Both a & b
Question 19:- Tax jurisdication is an example of which environment factor?
a) Legal
b) Economic
c) Technologies
d) Social
Question 20:- LDC Stands for
a) Low development countries
b) Low developed countries
c) Least developing countries
d) Large developing countries
Question 21:- _________ are features of the micro environment of an organization
a) Customer
b) Economic factors
c) Social factor
d) Lgal factor
Question 22:- IDRA (Industrial Development & Regulation Act) was passed by parliament in
a) 1951
b) 2001
c) 1971
d) 1981
Question 23:- __________ makes provision for licensing and registration for guided growth of industries
a) MRTP
b) FEMA
c) IDRA
d) SEBI
Question 24:- Tick the incorrect statement
a) SEBI introduced process of registration of intermediaries by brokers
b) SEBI issued regulations prohibiting insider trading
c) SEBI took steps for promoting investor's education and training of Intermediaries of security market
d) SEBI differentiated the stock market
Question 25:- A person who buys any good for a consideration which has been paid or promised or partly paid and partly promised or under any sustem of deferred payment is known as
a) Consumer
b) Seller
c) Wholesaler
d) Retail Person
Question 26:- Cultural Background of Society like Classical music, Articrafts, Taj mahal are referred to as:-
a) Cultural Heritage
b) Cultural Transmission
c) Cultural Adaptation
d) Cultural Log
Question 27:- A subject of the environment consisting of economic institutions, framework, nature and structure of the economic system, market forces, economic fiscal & monetary policies, planning is referred to as
a) Economic Environment
b) Non Economic Environment
c) Social Environment
d) None of the above
Question 28:- The five forces that affect the level of competition in an industry are
a) Threat of entrants, power of buyers, power of suppliers, threat of substitutes, competitive rivalry
b) Threat of buyers, power of entry, power of substitutes, threat of suppliers, threat of recession
c) Threat of recession power of buyers, power of suppliers, threat of management failure, competitive rivalry
d) Threat of entry, power of buyers, power of suppliers, threat of substitutes, government action
Question 29:- The cost of the imported component increases substantially because of the depreciation of the domestic currency. Such forces of impacting the business environment are part of
a) Micro environment
b) Macro environment
c) Internal Environment
d) None of these
Question 30:- ___________ Committee proposed measure to improve upon working of stock market
a) Nandan Committee
b) Dutt Committee
c) Narasimham Committee
d) None of these
