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3.1 Business Environment and Strategy (BES) (Section - B)

Economic Environment and Planning

04 Unit : Practice Multiple Choice Questions (MCQs)

Submissions
Here are your latest answers:

Question 1
Which of the following is not an industrial policy resolution?

Response: Companies Act, 2013

Correct answer: Companies Act, 2013

Score: 1 out of 1 Yes

Question 2
Which of the following is an economic program or policy hypothesised for the improvement and development of the regional economic
system?

Response: Strategic planning

Correct answer: Economic planning

Score: 0 out of 1 No

Question 3
What is defined in Section 2 (43) of the Companies Act,2013 as the amount available for distribution according to the most recent audited
balance sheet?

Response: Profit and loss

Correct answer: Free reserves

Score: 0 out of 1 No

Question 4
Which one among the following must be considered by everybody involved in export or import?

Response: Exchange rate

Correct answer: Exchange rate

Score: 1 out of 1 Yes

Question 5
Which of the following are not the economic factors which can impact the business?

Response: Demand and supply

Correct answer: New laws

Score: 0 out of 1 No

Question 6
MRTP Act was replaced in which year?

Response: 1990

Correct answer: 1991

Score: 0 out of 1 No

Question 7
Which kind of environment of a business encompasses its economic system, macroeconomic factors, business cycle stages, financial system
and government economic policies?

Response: Political

Correct answer: Economic

Score: 0 out of 1 No

Question 8
When was the new industrial policy announced by the government of India?

Response: June 24, 1991

Correct answer: July 24 ,1991

Score: 0 out of 1 No

Question 9
The Ministry of Corporate Affairs has announced that __________ parts of the Companies Act, 2013, would take effect on September 12, 2013.

Response: 89

Correct answer: 98

Score: 0 out of 1 No

Question 10
What kind of factors are external to business, uncontrollable in nature and have an indirect impact on a company’s operations and working
conditions?

Response: Economic factors

Correct answer: Economic factors

Score: 1 out of 1 Yes