Business Studies MCQ Class 12 Chapter 3: Check the below NCERT MCQ Questions for Business Studies MCQ Class 12 Chapter 3 with Answers Pdf free download. Business Studies MCQ Class 12 Chapter 3 Questions for Business Studies with Answers were prepared based on the latest exam pattern. We have provided Business Studies MCQ Class 12 Chapter 3 with Answers to help students understand the concept very well.

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Business Studies MCQ Class 12 Chapter 3

1. Which one of the following is a part of economic environment?
(a) Public debt
(b) Lifestyle of people
(c) Technological changes
(d) Level of education

2. A business has to offer a wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation, and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.
(a) Increasing competition
(b) More demanding customers
(c) Necessity for change
(d) Market orientation

3. Which one of the following is not a feature of business environment?
(a) Uncertainty
(b) Interdependence
(c) Complexity
(d) Stability

4. Which of the following is a feature of demonetisation?
(a) Tax administration measure
(b) Channelising savings into the formal financial system
(c) Development of less-cash economy
(d) All of the above

5. Proper understanding of business environment is not a prerequisite for ______.
(a) tapping of useful resources
(b) identification of opportunities and threats
(c) formulation of strategies
(d) better coordination of employee efforts

6. In today’s world, the flow of goods and services is not only cheap and fast, but reliable and secure. You can order anything you wish from any part of the world. The Internet has been connecting people without any limitations or boundaries in the way of doing business. Identify the concept being described in the above lines.
(a) Liberalisation
(b) Globalisation
(c) Demonetisation
(d) Privatisation

7. Globalisation means _______.
(a) reduced role of public sector
(b) integration of economies
(c) lowering interest rates
(d) control of inflation

8. The Government of India launched the “Make in India” initiative in September 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April 2015, FDI inflow in India increased by 48% since the launch of the “Make in India” initiative. Identify the concept being described in the above lines, with regard to an inflow of FDI.
(a) Demonetisation
(b) Privatisation
(c) Liberalisation
(d) Globalisation

9. Which one of the following is the impact of Government policy changes on business and industry?
(a) Increase in agricultural productivity
(b) Increase in product prices
(c) Increase in competition
(d) Increase in urbanisation

10. The Union Cabinet has given an ‘in-principle’ nod to divest stakes in Air India, a wholly government-owned airline. This means the government is willing to shed a substantial portion of its stake and hand over the management of the ailing airline to the private sector. Identify the concept being described in the above lines.
(a) Liberalisation
(b) Privatisation
(c) Globalisation
(d) Demonetisation

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By Team Learning Mantras