AfterBoards Logo
Skip to main contentSkip to solution

CUET Business Studies 2023 PYQs11 June Shift 3. Free, no login required.

Business Studies

past year questions, CUET Business Studies 2023 11 June Shift 3

Business Environment

past year questions, Business Studies, CUET Business Studies 2023 11 June Shift 3

Easy

"Simplifying procedures for imports and exports."

The above statement is related to ________ concept of economic environment in India.

Solution

✅ Correct Option: 4

Liberalisation refers to removing unnecessary controls and restrictions, including simplifying procedures for imports and exports, reducing licensing, and freeing industry from government curbs. Globalisation is about integration with the world economy, and Privatisation involves reducing government ownership. Simplification of trade procedures is specifically a liberalisation measure.

Related questions:

2025: 30 May Shift 1

Which dimension of business environment did Coca-Cola majorly tap into?

2025: 14 May Shift 1

If an Indian firm finds that a foreign multinational is entering the Indian market with new substitutes, it can prepare itself to meet the threat by adopting which of the following measures:

(A) Improving the quality of the products

(B) Reducing cost of production

(C) Engaging in aggressive advertising and making false claims

(D) Upgrading technology

Choose the correct answer from the options given below:

2022: 28 May Shift 2

Considering the economic environment of a business, the components are :

(A) Life expectancy

(B) Inflation

(C) Interest Rate

(D) Consumption Habits

(E) Disposable Income

Choose the correct answer from the options given below :

2022: 15 July Shift 2

Which of the following does NOT come under the dimensions of Business Environment?

2022: 6 Oct Shift 1

Identify the statement that does not refer to the feature of business environment

2022: 17 Aug Shift 1

'Business environment differs from country to country and even region to region.' Which feature of business environment is highlighted here?

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question

CUET Business Studies Past Year Questions (Topic-Wise)