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. _______ nature of business environment suggests that environment keeps on changing.
(a) Dynamic
(b) Pervasive
(c) Continuous
(d) Multidimensional

2. India continues to be a lower-middle-income country along with 46 others, while Sri Lanka has climbed to the upper-middle-income group for the fiscal year (FY) 2020, according to the World Bank’s classification of countries by income levels, released on July 1, 2019. Identify the related dimensions of the business environment.
(a) Social dimension
(b) Technological dimension
(c) Economic dimension
(d) Political dimension

3. _______ is the integration of world economy into a single market through removal of trade barriers between countries.
(a) Privatisation
(b) Liberalisation
(c) Globalisation
(d) Both(a) and (b)

4. Electric vehicles with zero tailpipe emissions are emerging as a good alternative to problems like climate change, surging pollution leading to ill health, crude import bill, and energy security. Identify the related dimensions of a business environment.
(a) Economic dimension, Legal dimension, and Social dimension
(b) Social dimension, Political dimension, and Economic dimension
(c) Economic dimension, Technological dimension, and Social dimension
(d) Social dimension, Political dimension, and Legal dimension

5. _______ feature of business environment states that various factors of business environment affect each other.
(a) Pervasive
(b) Continuous
(c) Dynamic
(d) Interrelatedness

6. Legal rules and regulations relevant to business are included in ___ environment of business.
(a) Legal
(b) Political
(c) Economic
(d) Technological

7. The Economic Survey 2019 suggests that psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms such as “dying in debt is a sin” to improve tax compliance. Identify the related dimensions of the business environment.
(a) Legal dimension and Social dimension
(b) Social dimension and Economic dimension
(c) Technological dimension and Political dimension
(d) Political dimension and Economic dimension

8. India’s population is expected to grow under 0.5 percent during 2031-41 due to a decline in fertility rate and an increase in life expectancy. These changes in India’s demography will also have implications such as the proportion of elementary school-going children will witness significant declines, lack of hospital beds, and an increase in retirement age. The related feature of the business environment is described in the above lines is________.
(a) Totality of external forces
(b) Dynamic nature
(c) Interrelatedness
(d) Relativity

9. In order to boost and double India’s export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rates, bring down the cost of capital and simplify regulatory and tax frameworks. Identify the related dimension of a business environment.
(a) Social dimension and Legal dimension
(b) Technological dimension and Political dimension
(c) Political dimension and Social dimension
(d) Economic dimension and Legal dimension

10. According to the World Health Organisation, 39% of adults are overweight. Over the last 40 years, the prevalence of obesity has tripled around the world. With over half of consumers drinking at least one sugary drink on a given day, regulations towards the beverage sector are likely to become increasingly onerous. In the U.K., for example, a sugar tax was introduced in 2018 on beverages containing more than 5% sugar. Identify the related dimensions of the business environment.
(a) Legal dimension and Social dimension
(b) Social dimension and Technological dimension
(c) Technological dimension and Legal dimension
(d) Political dimension and Technological dimension

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By Team Learning Mantras