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CUET Business Studies

Q1:

3 June Shift 2

Business Studies > Business Environment

Easy

"The health and fitness trend has become popular among many urban dwellers. This has created a demand for products like organic food, gyms, bottled (mineral) water and food supplements". Identify the component of the business environment highlighted in the aforesaid statement.

Economic environment

Social environment

Technological environment

Political environment

Correct Answer

Option 2

Correct Answer

Explanation →

Q2:

3 June Shift 2

Business Studies > Business Environment

Easy

Match List-I with List-II | List-I | List-II | | --- | --- | | Component | Dimension of Business Environment | | (A) The nature of the relationship of our country with foreign countries | (I) Economic Environment | | (B) Scientific improvements | (II) Social Environment | | (C) Rates of saving and investment | (III) Political Environment | | (D) Attitudes towards product innovations | (IV) Technological environment | Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 4

Correct Answer

Explanation →

Q3:

3 June Shift 2

Business Studies > Business Environment

Easy

"At times, it may be difficult to know the extent of the relative impact of the social, economic, political, technological or legal factors on changes in demand for a product in the market". Identify the feature of the business environment highlighted in the aforesaid statement.

Uncertainty

Relativity

Complexity

Dynamic nature

Correct Answer

Option 3

Correct Answer

Explanation →

Q4:

3 June Shift 1

Business Studies > Business Environment

Easy

Which of the following factors constitutes the specific environment of business? (A) Economic Environment (B) Suppliers (C) Technological Environment (D) Competitors Choose the correct answer from the options given below:

(A) and (C) only

(B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

3 June Shift 1

Business Studies > Business Environment

Easy

"Political conditions in the USA, differ from those in China and Pakistan". Identify the feature of business environment highlighted in the aforesaid statement.

Complexity

Relativity

Inter-relatedness

Dynamic Nature

Correct Answer

Option 2

Correct Answer

Explanation →

Q6:

3 June Shift 1

Business Studies > Business Environment

Easy

Match List-I with List-II | List-I | List-II | | --- | --- | | Dimensions of Business Environment | Elements | | (A) Economic Environment | (I) Stock market indices | | (B) Social Environment | (II) Attitude that government holds towards business. | | (C) Technological Environment | (III) Attitudes towards product innovations. | | (D) Political Environment | (IV) Scientific improvements and innovations | Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (IV), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q7:

2 June Shift 2

Business Studies > Business Environment

Medium

Match List-I with List-II | List-I | List-II | | --- | --- | | Features of business environment | Description | | (A) Uncertainty | (I) The business environment keeps on changing, whether in terms of technological improvement or shifts in consumer preferences. | | (B) Complexity | (II) The business environment is very difficult to predict. | | (C) Dynamic Nature | (III) It is difficult to comprehend at once what exactly constitutes a given business environment. | | (D) Inter-relatedness | (IV) Increased life expectancy of people and increased awareness for health care have increased the demand for many health products. | Choose the correct answer from the options given below:

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q8:

2 June Shift 2

Business Studies > Business Environment

Easy

Which among the following is NOT a feature of the business environment? 1. Static nature 2. Relativity 3. Specific and general forces 4. Totality of external forces

Static nature

Relativity

Specific and general forces

Totality of external forces

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

31 May Shift 1

Business Studies > Business Environment

Easy

"Understanding of the business environment by managers can be appreciated if the manager considers one of the following aspects of the business environment". Identify the point of importance of business environment from the following:

Ensures order and discipline.

Helps in getting the right persons for the right jobs

Early identification of opportunities and getting first mover advantage.

Helps in making a stable organisation

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

31 May Shift 1

Business Studies > Business Environment

Medium

'The Punjabi women prefer suits while Bengali women mostly prefer sarees'. Identify the feature of business environment discussed in this statement:

The business environment is a complex phenomenon.

The business environment is a relative concept.

The business environment is dynamic in nature.

The business environment is uncertain.

Correct Answer

Option 2

Correct Answer

Explanation →

Q11:

31 May Shift 1

Business Studies > Business Environment

Medium

Match List-I with List-II | List-I | List-II | | --- | --- | | Dimensions of business environment | Their components | | (A) Social Environment | (I) Agricultural and industrial production trends | | (B) Political Environment | (II) Consumption habits | | (C) Economic Environment | (III) Government intervention in business | | (D) Technological Environment | (IV) Food preservatives | Choose the correct answer from the options given below:

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 3

Correct Answer

Explanation →

Q12:

30 May Shift 2

Business Studies > Business Environment

Easy

Which of the following statements does not reflect the importance of business environment?

It helps the firm to identify opportunities and getting the first mover advantage

It helps the firm to identify threats and early warning signals

It helps in coping with rapid changes

It helps in maximum utilisation of resources

Correct Answer

Option 4

Correct Answer

Explanation →

Q13:

30 May Shift 2

Business Studies > Business Environment

Easy

Match List-I with List-II | List-I | List-II | | --- | --- | | Business environment | Factors | | (A) Economic Environment | (I) Peace and Harmony in the State | | (B) Social Environment | (II) Stock Market Condition | | (C) Legal Environment | (III) Customs, Traditions and Festivals | | (D) Political Environment | (IV) Foreign Exchange Management Act | Choose the correct answer from the options given below:

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q14:

30 May Shift 1

Business Studies > Business Environment

Easy

Which of the following are the features of business environment? (A) Totality of external forces (B) Inter- relatedness (C) Public (D) Relativity Choose the correct answer from the options given below:

(B), (C) and (D) only

(A), (B) and (C) only

(A), (B) and (D) only

(A), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q15:

30 May Shift 1

Business Studies > Business Environment

Easy

The name and taste of Coca-Cola is known to almost each and every individual in India as well as all across the world. This carbonated soft drink holds the most market share in the soft drink market and got a special seat in each and every gathering. It uses ingredients in the product upto permissible limits and avoids any kind of violation of norms laid down by government authorities. The Coca-Cola company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including caffeine-free Coca-Cola, Diet Coke caffeine Free, Coca-Cola Zero Suger, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.

In the context of the above given case, identify one valid importance of the business environment.

Enables the firm to identify opportunities and getting first mover advantage.

Uncertainty

Delay in action

Pervasive function

Correct Answer

Option 1

Correct Answer

Explanation →

Q16:

30 May Shift 1

Business Studies > Business Environment

Easy

The name and taste of Coca-Cola is known to almost each and every individual in India as well as all across the world. This carbonated soft drink holds the most market share in the soft drink market and got a special seat in each and every gathering. It uses ingredients in the product upto permissible limits and avoids any kind of violation of norms laid down by government authorities. The Coca-Cola company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including caffeine-free Coca-Cola, Diet Coke caffeine Free, Coca-Cola Zero Suger, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.

Which of the following is not a product of Coca-Cola?

Diet Coke caffeine Free

Coca-Cola Cherry

Coca-Cola Avocado

Coca-Cola Vanilla

Correct Answer

Option 3

Correct Answer

Explanation →

Q17:

30 May Shift 1

Business Studies > Business Environment

Easy

The name and taste of Coca-Cola is known to almost each and every individual in India as well as all across the world. This carbonated soft drink holds the most market share in the soft drink market and got a special seat in each and every gathering. It uses ingredients in the product upto permissible limits and avoids any kind of violation of norms laid down by government authorities. The Coca-Cola company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including caffeine-free Coca-Cola, Diet Coke caffeine Free, Coca-Cola Zero Suger, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.

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

Technological

Political

Social

Economic

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

30 May Shift 1

Business Studies > Business Environment

Easy

Case The name and taste of Coca-Cola is known to almost each and every individual in India as well as all across the world. This carbonated soft drink holds the most market share in the soft drink market and got a special seat in each and every gathering. It uses ingredients in the product upto permissible limits and avoids any kind of violation of norms laid down by government authorities. The Coca-Cola company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including caffeine-free Coca-Cola, Diet Coke caffeine Free, Coca-Cola Zero Suger, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.

Identify the feature of the business environment which the Coca-Cola company managed to get in their favour.

Complex

Specific and general forces

Futuristic

Mental exercise

Correct Answer

Option 2

Correct Answer

Explanation →

Q19:

30 May Shift 1

Business Studies > Business Environment

Easy

The name and taste of Coca-Cola is known to almost each and every individual in India as well as all across the world. This carbonated soft drink holds the most market share in the soft drink market and got a special seat in each and every gathering. It uses ingredients in the product upto permissible limits and avoids any kind of violation of norms laid down by government authorities. The Coca-Cola company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including caffeine-free Coca-Cola, Diet Coke caffeine Free, Coca-Cola Zero Suger, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.

Coca-Cola uses the ingredients in the products upto permissible limits and avoids any kind of violation of the norms laid down by government authorities. Which dimension of the business environment is reflected in the above statement?

Legal

Economic

Social

Political

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

29 May Shift 2

Business Studies > Business Environment

Easy

Which of the following are components of the economic environment? (A) Saving and investment rate (B) Technological conditions (C) Money supply (D) Public debt Choose the correct answer from the options given below:

(A), (B), (C)and (D) only

(A), (C) and (D) only

(A), (B) and (D) only

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q21:

29 May Shift 2

Business Studies > Business Environment

Easy

Identify the component of social environment from the following:

Savings and Investment

Money Supply

Public Debt

Life Expectancy

Correct Answer

Option 4

Correct Answer

Explanation →

Q22:

27 May Shift 2

Business Studies > Business Environment

Easy

Which dimension of the business environment includes legislation passed by the government, court judgments etc.?

Political Environment

Social Environment

Economic Environment

Legal Environment

Correct Answer

Option 4

Correct Answer

Explanation →

Q23:

26 May Shift 2

Business Studies > Business Environment

Easy

It is difficult to understand the impact of social, economic, political or legal factors on change in demand of a product in the market. Which feature of the business environment is indicated here?

Relativity

Uncertainty

Inter-relatedness

Complexity

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

26 May Shift 2

Business Studies > Business Environment

Medium

"Just take the universe, subtract from it the subset that represents the organisation, and the remainder is:"

Environment

Management

Planning

Business

Correct Answer

Option 1

Correct Answer

Explanation →

Q25:

26 May Shift 2

Business Studies > Business Environment

Medium

Match List-I with List-II | List-I | List-II | | --- | --- | | Features of Business Environment | Example | | (A) Relative | (I) Difficult to comprehend which factor is responsible for the increase in demand of a product. | | (B) Complex | (II) Difficult to predict future development in Information Technology. | | (C) Dynamic | (III) Demand of Saree is more in South India than that of North India. | | (D) Uncertain | (IV) Fast Technological upgradation and rising competition | Choose the correct answer from the options given below:

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q26:

24 May Shift 1

Business Studies > Business Environment

Easy

Match List-I with List-II<br> | List-I<br>(Dimensions of business environment) | List-II<br>(Elements) | | --- | --- | | (A) Social | (I) Literacy rates | | (B) Economic | (II) Public Debt (interal and external) | | (C) Technological | (III) Monopolistic Restrictive Trade Practices Act | | (D) Legal | (IV) Scientific improvements | <br>Choose the correct answer from the options given below:<br><br>

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

24 May Shift 1

Business Studies > Business Environment

Easy

The nature of relationship of our country with foreign countries is an example of which dimension of the business environment?

Economic environment

Social environment

Legal environment

Political environment

Correct Answer

Option 4

Correct Answer

Explanation →

Q28:

24 May Shift 1

Business Studies > Business Environment

Easy

In India, the advertisements for alcoholic beverages are banned, the dimension of business environment referred to here is:

Economic

Social

Political

Legal

Correct Answer

Option 4

Correct Answer

Explanation →

Q29:

24 May Shift 1

Business Studies > Business Environment

Easy

The importance of the business environment includes: (A) Identifying first mover advantage (B) Improving business performance (C) Performance appraisal (D) Coping with rapid changes Choose the correct answer from the options given below:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q30:

22 May Shift 2

Business Studies > Business Environment

Medium

The components of the Economic Environment are: (A) Expansion of transportation and communication facilities (B) Money supply in the economy (C) Public debt (internal and external) (D) Planned outlay in private and public sectors Choose the correct answer from the options given below:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q31:

22 May Shift 2

Business Studies > Business Environment

Easy

Identify which is not a feature of a business environment, from the options given below.

Relativity

Complexity

Dynamic

Certainty

Correct Answer

Option 4

Correct Answer

Explanation →

Q32:

22 May Shift 1

Business Studies > Business Environment

Easy

Match List-I with List-II | List-I | List-II | | --- | --- | | Dimensions of business environment | Examples | | (A) Social environment | (I) Smoking bans in restaurants, shopping malls and public parks can have a significant impact on business. | | (B) Political environment | (II) Higher cost of production will tend to force prices to go up. | | (C) Economic environment | (III) The nature of the relationship of India with its neighboring countries. | | (D) Legal environment | (IV) A common trend is the increasing movement of young workers to cities away from rural areas. | Choose the correct answer from the options given below:

(A) (II), (B) - (IV), (C) - (III), (D) - (I)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

(A) (IV), (B) (III), (C) (II), (D) - (I)

(A) (IV), (B) - (II), (C) - (III), (D) - (I)

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

22 May Shift 1

Business Studies > Business Environment

Medium

Match List-I with List-II | List-I<br>Features of business environment | List-II<br>Applications | | --- | --- | | (A) Dynamic nature | (I) Difficult to know the relative impact of the social environment on changes in demand for a product. | | (B) Inter-relatedness | (II) Entry of new competitors in the market. | | (C) Complexity | (III) New health products have changed people's lifestyles. | | (D) Relativity | (IV) Demand for sarees may be fairly high in India, whereas it may be almost non-existent in France. | Choose the correct answer from the options given below:

(A) - (IV), (B) - (III), (C) - (II), (D) - (I)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q34:

22 May Shift 1

Business Studies > Business Environment

Easy

Amita has a one-year-old son, and she is more conscious about her baby's health, so she avoids packaged food. Identify the feature of the business environment reflected here.

Dynamic nature

Relativity

specific and general forces

Inter-relatedness

Correct Answer

Option 4

Correct Answer

Explanation →

Q35:

21 May Shift 1

Business Studies > Business Environment

Easy

Match List-I with List-II | List-I | List-II | | --- | --- | | (A) Political Environment | (I) Agricultural and industrial production trends | | (B) Economic Environment | (II) Educational system and literacy rates | | (C) Legal Environment | (III) Government regulations to protect consumer's interests | | (D) Social Environment | (IV) The extent and nature of government intervention in business | Choose the correct answer from the options given below:

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

(A) - (IV), (B) - (I), (C) - (III), (D) - (II)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q36:

21 May Shift 1

Business Studies > Business Environment

Easy

Expansion of transportation and communication facilities is an example of:

Economic Environment

Political Environment

Social Environment

Technical Environment

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

21 May Shift 1

Business Studies > Business Environment

Easy

Which of the following is not a feature of business environment?

Independent of one another

Complex

Specific and General forces

Dynamic nature

Correct Answer

Option 1

Correct Answer

Explanation →

Q38:

16 May Shift 1

Business Studies > Business Environment

Easy

Which of the following is not a characteristic of business environment?

Specific and General forces

Relativity

Inter-relatedness

Static Nature

Correct Answer

Option 4

Correct Answer

Explanation →

Q39:

16 May Shift 1

Business Studies > Business Environment

Easy

General stability and peace in the country and specific attitudes that government representatives hold towards business signify which aspect of the business environment?

Legal Environment

Technological Environment

Economic Environment

Political Environment

Correct Answer

Option 4

Correct Answer

Explanation →

Q40:

16 May Shift 1

Business Studies > Business Environment

Easy

Which of the following is an example of Social Environment?

Educational system and literacy rates

Rates of saving and investment

Dominant ideologies and values of major political parties

Planned outlay in private and public sectors

Correct Answer

Option 1

Correct Answer

Explanation →

Q41:

15 May Shift 2

Business Studies > Business Environment

Easy

India's craft heritage is a reflection of its rich customs and traditions, deeply rooted in centuries of artistic excellence. The handicraft industry plays a significant role in the economy, offering immense potential for improving the balance of payments and earning foreign exchange earnings through exports. Understanding the business environment is crucial to charting a future course of action that supports artisans while promoting Indian advantages globally. In line with the Prime Minister's vision, the industry should be extended by linking traditional crafts with modern technology. Focus must be laid on changing the manufacturing process to ensure durability, meet global standards and foster innovation. This approach can open new markets and opportunities, boost India's soft power abroad, strengthen the sector that not only presences its heritage but also creates employment & sustainable livelihood.

"India's craft heritage is surviving because of its customs and tradition." Identify the dimension of the business environment.

Economic

Social

Legal

Technical

Correct Answer

Option 2

Correct Answer

Explanation →

Q42:

15 May Shift 2

Business Studies > Business Environment

Easy

India's craft heritage is a reflection of its rich customs and traditions, deeply rooted in centuries of artistic excellence. The handicraft industry plays a significant role in the economy, offering immense potential for improving the balance of payments and earning foreign exchange earnings through exports. Understanding the business environment is crucial to charting a future course of action that supports artisans while promoting Indian advantages globally. In line with the Prime Minister's vision, the industry should be extended by linking traditional crafts with modern technology. Focus must be laid on changing the manufacturing process to ensure durability, meet global standards and foster innovation. This approach can open new markets and opportunities, boost India's soft power abroad, strengthen the sector that not only presences its heritage but also creates employment & sustainable livelihood.

"The Prime Minister desires that the Handicrafts Industry should be expanded by linking it with technology". Identify the Dimension of Business Environment.

Economic

Social

Political

Legal

Correct Answer

Option 3

Correct Answer

Explanation →

Q43:

15 May Shift 2

Business Studies > Business Environment

Easy

India's craft heritage is a reflection of its rich customs and traditions, deeply rooted in centuries of artistic excellence. The handicraft industry plays a significant role in the economy, offering immense potential for improving the balance of payments and earning foreign exchange earnings through exports. Understanding the business environment is crucial to charting a future course of action that supports artisans while promoting Indian advantages globally. In line with the Prime Minister's vision, the industry should be extended by linking traditional crafts with modern technology. Focus must be laid on changing the manufacturing process to ensure durability, meet global standards and foster innovation. This approach can open new markets and opportunities, boost India's soft power abroad, strengthen the sector that not only presences its heritage but also creates employment & sustainable livelihood.

SubQuestion No : 48 "Focus should be on changing the manufacturing process, ensuring durability and adopting innovations". Identify the Dimension of Business Environment.

Economic Environment

Social Environment

Legal Environment

Technological Environment

Correct Answer

Option 4

Correct Answer

Explanation →

Q44:

15 May Shift 2

Business Studies > Business Environment

Easy

India's craft heritage is a reflection of its rich customs and traditions, deeply rooted in centuries of artistic excellence. The handicraft industry plays a significant role in the economy, offering immense potential for improving the balance of payments and earning foreign exchange earnings through exports. Understanding the business environment is crucial to charting a future course of action that supports artisans while promoting Indian advantages globally. In line with the Prime Minister's vision, the industry should be extended by linking traditional crafts with modern technology. Focus must be laid on changing the manufacturing process to ensure durability, meet global standards and foster innovation. This approach can open new markets and opportunities, boost India's soft power abroad, strengthen the sector that not only presences its heritage but also creates employment & sustainable livelihood.

"The volume of exports of these products gives India an advantage in Balance of Payments and much needed Foreign Exchange."<br/>Identify the Dimension of Business Environment.

Economic

Social

Political

Technical

Correct Answer

Option 1

Correct Answer

Explanation →

Q45:

15 May Shift 2

Business Studies > Business Environment

Easy

India's craft heritage is a reflection of its rich customs and traditions, deeply rooted in centuries of artistic excellence. The handicraft industry plays a significant role in the economy, offering immense potential for improving the balance of payments and earning foreign exchange earnings through exports. Understanding the business environment is crucial to charting a future course of action that supports artisans while promoting Indian advantages globally. In line with the Prime Minister's vision, the industry should be extended by linking traditional crafts with modern technology. Focus must be laid on changing the manufacturing process to ensure durability, meet global standards and foster innovation. This approach can open new markets and opportunities, boost India's soft power abroad, strengthen the sector that not only presences its heritage but also creates employment & sustainable livelihood.

"Understanding of Business Environment can be the basis for deciding the future course of action". Identify the Importance of Business Environment.

It helps in tapping useful resources

It helps in coping with rapid changes

It helps in Improving Performance

It helps in assisting in Planning and policy formulation.

Correct Answer

Option 4

Correct Answer

Explanation →

Q46:

15 May Shift 1

Business Studies > Business Environment

Easy

Dynamic Horizons Ltd., a global brand, is known for its innovative approach to manufacturing and selling smartwatches. Recently, the company decided to launch its operations in two new markets- a developing country and a European nation. In the developing country, the company faced challenges such as unstable policies, a lack of proper infrastructure, limited purchasing power among the local population and an unfavorable attitude from the government. However, they noticed that the younger population was showing a growing interest in smartwatches, providing a potential market segment to target. But, the European nation presented an entirely different scenario with stringent laws and an established consumer base with high purchasing power and intense competition from local brands with similar watches. The smartwatch, which was desirable for populations in developing countries, was just another watch in European countries. Dynamic Horizons understood that they should adapt their products to the preferences of Europeans to gain a foothold here. So, the company in both the markets, leveraged advanced technological solutions including AI (Artificial Intelligence) technology and a tracking application in the smartwatch to enhance the customer experience. However, they faced challenges due to fluctuations in inflation rates which impacted raw material costs and transportation expenses. It is also imperative for the management of the enterprise to obey the law of the land.

Dynamic Horizon faced instability and an unfavorable attitude from the government. Which dimension of the business environment is reflected in this statement?

Political environment

Legal environment

Social environment

Economic environment

Correct Answer

Option 1

Correct Answer

Explanation →

Q47:

15 May Shift 1

Business Studies > Business Environment

Easy

Dynamic Horizons Ltd., a global brand, is known for its innovative approach to manufacturing and selling smartwatches. Recently, the company decided to launch its operations in two new markets- a developing country and a European nation. In the developing country, the company faced challenges such as unstable policies, a lack of proper infrastructure, limited purchasing power among the local population and an unfavorable attitude from the government. However, they noticed that the younger population was showing a growing interest in smartwatches, providing a potential market segment to target. But, the European nation presented an entirely different scenario with stringent laws and an established consumer base with high purchasing power and intense competition from local brands with similar watches. The smartwatch, which was desirable for populations in developing countries, was just another watch in European countries. Dynamic Horizons understood that they should adapt their products to the preferences of Europeans to gain a foothold here. So, the company in both the markets, leveraged advanced technological solutions including AI (Artificial Intelligence) technology and a tracking application in the smartwatch to enhance the customer experience. However, they faced challenges due to fluctuations in inflation rates which impacted raw material costs and transportation expenses. It is also imperative for the management of the enterprise to obey the law of the land. Despite these efforts, challenges remain in the corporation.

The advancement of smartwatches using artificial intelligence is a part of which dimension of the business environment?

Economic environment

Technological environment

Social environment

Political environment

Correct Answer

Option 2

Correct Answer

Explanation →

Q48:

15 May Shift 1

Business Studies > Business Environment

Easy

Dynamic Horizons Ltd., a global brand, is known for its innovative approach to manufacturing and selling smartwatches. Recently, the company decided to launch its operations in two new markets- a developing country and a European nation. In the developing country, the company faced challenges such as unstable policies, a lack of proper infrastructure, limited purchasing power among the local population and an unfavorable attitude from the government. However, they noticed that the younger population was showing a growing interest in smartwatches, providing a potential market segment to target. But, the European nation presented an entirely different scenario with stringent laws and an established consumer base with high purchasing power and intense competition from local brands with similar watches. The smartwatch, which was desirable for populations in developing countries, was just another watch in European countries. Dynamic Horizons understood that they should adapt their products to the preferences of Europeans to gain a foothold here. So, the company in both the markets, leveraged advanced technological solutions including Al (Artificial Intelligence) technology and a tracking application in the smartwatch to enhance the customer experience. However, they faced challenges due to fluctuations in inflation rates which impacted raw material costs and transportation expenses. It is also imperative for the management of the enterprise to obey the law of the land.

It is also imperative for the management of the enterprise to obey the law of the land. Which dimension of the business environment is reflected in this statement?

Economic

Legal

Political

Technological

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

15 May Shift 1

Business Studies > Business Environment

Easy

Dynamic Horizons Ltd., a global brand, is known for its innovative approach to manufacturing and selling smartwatches. Recently, the company decided to launch its operations in two new markets- a developing country and a European nation. In the developing country, the company faced challenges such as unstable policies, a lack of proper infrastructure, limited purchasing power among the local population and an unfavorable attitude from the government. However, they noticed that the younger population was showing a growing interest in smartwatches, providing a potential market segment to target. But, the European nation presented an entirely different scenario with stringent laws and an established consumer base with high purchasing power and intense competition from local brands with similar watches. The smartwatch, which was desirable for populations in developing countries, was just another watch in European countries. Dynamic Horizons understood that they should adapt their products to the preferences of Europeans to gain a foothold here. So, the company in both the markets, leveraged advanced technological solutions including AI (Artificial Intelligence) technology and a tracking application in the smartwatch to enhance the customer experience. However, they faced challenges due to fluctuations in inflation rates which impacted raw material costs and transportation expenses. It is also imperative for the management of the enterprise to obey the law of the land.

The company's decision to modify product design according to European customers reflects which characteristic of business environment?

Uncertainity

Relativity

Inter-relatedness

Complexity

Correct Answer

Option 2

Correct Answer

Explanation →

Q50:

15 May Shift 1

Business Studies > Business Environment

Easy

Dynamic Horizons Ltd., a global brand, is known for its innovative approach to manufacturing and selling smartwatches. Recently, the company decided to launch its operations in two new markets- a developing country and a European nation. In the developing country, the company faced challenges such as unstable policies, a lack of proper infrastructure, limited purchasing power among the local population and an unfavorable attitude from the government. However, they noticed that the younger population was showing a growing interest in smartwatches, providing a potential market segment to target. But, the European nation presented an entirely different scenario with stringent laws and an established consumer base with high purchasing power and intense competition from local brands with similar watches. The smartwatch, which was desirable for populations in developing countries, was just another watch in European countries. Dynamic Horizons understood that they should adapt their products to the preferences of Europeans to gain a foothold here. So, the company in both the markets, leveraged advanced technological solutions including AI (Artificial Intelligence) technology and a tracking application in the smartwatch to enhance the customer experience. However, they faced challenges due to fluctuations in inflation rates which impacted raw material costs and transportation expenses. It is also imperative for the management of the enterprise to obey the law of the land.

The fluctuations in raw material cost and transportation expenses is due to which dimension of business environment?

Social dimension

Political dimension

Legal dimension

Economic dimension

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

14 May Shift 2

Business Studies > Business Environment

Easy

Which of the following are the importance of business environment? (A) Helping firms to identify the opportunities (B) Helping firms in improving performance (C) Helping firms in planning and policy formulation (D) Helping firms in coping with turbulent market conditions. Choose the correct answer from the options given below:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q52:

14 May Shift 2

Business Studies > Business Environment

Easy

Which of the following factors are related to the economic environment? <ol> <li>Balance of Payments and Budgets</li> <li>Life expectancy and expectations from the workforce</li> <li>Legislations passed by the government and regulations laid down by government authorities.</li> <li>Technological developments and innovations</li> </ol>

Balance of Payments and Budgets

Life expectancy and expectations from the workforce

Legislations passed by the government and regulations laid down by government authorities.

Technological developments and innovations

Correct Answer

Option 1

Correct Answer

Explanation →

Q53:

14 May Shift 1

Business Studies > Business Environment

Easy

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:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q54:

14 May Shift 1

Business Studies > Business Environment

Easy

Individual freedom, social justice, equality of opportunity and national integration are examples of:

Legal Environment

Social Environment

Economic Environment

Political Environment

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

14 May Shift 1

Business Studies > Business Environment

Easy

Entrepreneurship is dependent upon several economic, social, political, legal and other environmental factors. Careful monitoring of the environment for detecting early signs of opportunities and threats may influence current and future plans. This process is known as:

Opportunity Recognition

Problem Solving

Environmental Scanning

Feasibility Analysis

Correct Answer

Option 3

Correct Answer

Explanation →

Q56:

14 May Shift 1

Business Studies > Business Environment

Easy

An organization has no control over which factors?

External factors

Internal factors

Organisational factors

Informal factors

Correct Answer

Option 1

Correct Answer

Explanation →

Q57:

13 May Shift 2

Business Studies > Business Environment

Easy

Which of the following statements does NOT represent the importance of business environment?

It helps in tapping useful resources

It helps in delegating authority in organisational structure

It helps in assisting in planning and policy formulation

It helps in improving performance

Correct Answer

Option 2

Correct Answer

Explanation →

Q58:

13 May Shift 2

Business Studies > Business Environment

Easy

Which of the following techniques is not used for environmental scanning?

SWOT Analysis

Budgetary Analysis

PESTAL Analysis

Industry Analysis

Correct Answer

Option 2

Correct Answer

Explanation →

Q59:

13 May Shift 2

Business Studies > Business Environment

Easy

Match List-I with List-II | List-I | List-II | | --- | --- | | Dimensions of Business Environment <th>Examples </th> | Examples | | --- | --- | | (A) Economic Environment | (I) Forces like customs, traditions and values | | (B) Political Environment | (II) Use of Artificial Intelligence in business | | (C) Technological Environment | (III) Policy of RBI to curb inflation | | (D) Social Environment | (IV) Promotion of Make in India by government | Choose the <b>correct</b> answer from the options given below:

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (II), (D) - (I)

Correct Answer

Option 4

Correct Answer

Explanation →

Q60:

13 May Shift 2

Business Studies > Business Environment

Easy

"It is very difficult to predict future happenings, especially when environmental changes are taking place too frequently". Which feature of business environment is reflected in the above statement?

Uncertainty

Dynamic nature

Complexity

Relativity

Correct Answer

Option 1

Correct Answer

Explanation →

Q61:

13 May Shift 1

Business Studies > Business Environment

Easy

Which of the following is related to economic dimension of business environment?

Modes of transportation communication facilities

Life expectancy and expectations from the workforce

Legislations passed by the government and regulations laid down by government authorities.

Technological developments and innovations

Correct Answer

Option 1

Correct Answer

Explanation →

Q62:

13 May Shift 1

Business Studies > Business Environment

Medium

Match List-I with List-II | List-I | List-II | | --- | --- | | Business Environment | Dimension | | (A) Economic | (I) KYC compliance is mandatory in mutual funds investment | | (B) Social | (II) Construction companies prefer low longer-term interest rates | | (C) Legal | (III) The government maintains general stability and peace in the country | | (D) Political | (IV) Rise in demand for goods during festivals | Choose the correct answer from the options given below:

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation →

Q63:

13 May Shift 1

Business Studies > Business Environment

Easy

The sum total of all individuals, institutions and other forces that are outside the control of a business firm, but that may affect its performance is known as:

Business Management

Business Environment

Business Decision making

Entrepreneurship Development

Correct Answer

Option 2

Correct Answer

Explanation →

Q64:

CUET Business Studies 2024 Slot 1

Business Studies > Business Environment

Hard

Under which dimension of business environment is 'Online Booking of Air Tickets' included?

Legal dimension

Economic dimension

Technical dimension

Social dimension

Correct Answer

Option Drop

Correct Answer

Explanation →

Q65:

CUET Business Studies 2024 Slot 1

Business Studies > Business Environment

Conceptual

Which of the following is an example of economic environment?

Money supply in economy

Constitution of the country

Life expectancy

Population shifts

Correct Answer

Option 1

Correct Answer

Explanation →

Q66:

CUET Business Studies 2024 Slot 1

Business Studies > Business Environment

Medium

Which of the following is an example of legal environment?

Death/Birth Ratio

Trade Union Act

Prevailing Political System

Public Debt

Correct Answer

Option 2

Correct Answer

Explanation →

Q67:

CUET Business Studies 2024 Slot 1

Business Studies > Business Environment

Medium

Which of the following does not characterise business environment?

Inter-related

External forces

Market orientation and product

Relativity

Correct Answer

Option 3

Correct Answer

Explanation →

Q68:

22 June Shift 1

Business Studies > Business Environment

Easy

Match List I with List II | LIST I | LIST II | |---|---| | A. Economic environment | I. Legislations Passed | | B. Social environment | II. Stock market Indices | | C. Technological environment | III. New Methods and Techniques | | D. Legal environment | IV. Traditions | Choose the correct answer from the options given below:

A-IV, B-III, C-II, D-I

A-II, B-IV, C-III, D-I

A-II, B-III, C-IV, D-I

A-II, B-I, C-III, D-IV

Correct Answer

Option 2

Correct Answer

Explanation →

Q69:

11 June Shift 3

Business Studies > Business Environment

Easy

"Simplifying procedures for imports and exports." The above statement is related to ________ concept of economic environment in India.

Globalisation

Privatisation

Economic structure

Liberalisation

Correct Answer

Option 4

Correct Answer

Explanation →

Q70:

11 June Shift 3

Business Studies > Business Environment

Easy

Business Environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, that are difficult to comprehend. Identify the feature of Business Environment highlighted in the above lines.

Uncertainty

Dynamic

Complexity

Relativity

Correct Answer

Option 3

Correct Answer

Explanation →

Q71:

28 May Shift 2

Business Studies > Business Environment

Medium

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 :

(A) and (D) only

(C) and (A) only

(B), (C) and (E) only

(A), (B) and (C) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q72:

28 May Shift 2

Business Studies > Business Environment

Easy

In which year New Economic Policy was introduced in India ?

1981

1991

1982

1992

Correct Answer

Option 2

Correct Answer

Explanation →

Q73:

6 Oct Shift 1

Business Studies > Business Environment

Easy

Rate of saving and investment, money supply in the economy, public debt, volume of imports and export are components of _____ dimension of business environment

Economic

Political

Legal

Social

Correct Answer

Option 1

Correct Answer

Explanation →

Q74:

6 Oct Shift 1

Business Studies > Business Environment

Medium

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

Dynamic nature

Innovative

Totality of external forces

Specific and general forces

Correct Answer

Option 2

Correct Answer

Explanation →

Q75:

6 Oct Shift 1

Business Studies > Business Environment

Hard

The Economic survey 2019 suggests that the psychological studies can be used in the realm of tax compliance. It is in favour of using religious norms such as "dying debt is a sin" to improve tax compliance. Identify the related dimension of business environment. A. Economic B. Social C. Technological D. Legal E. Political Choose the correct answer from the option given below:

A & D

B & D

E & C

A & E

Correct Answer

Option 2

Correct Answer

Explanation →

Q76:

30 Aug Shift 1

Business Studies > Business Environment

Easy

Attitudes towards product innovations, lifestyles, occupational distribution and consumer preferences constitute _____ dimension of business environment.

Technological environment

Social environment

Economic environment

Political environment

Correct Answer

Option 2

Correct Answer

Explanation →

Q77:

30 Aug Shift 1

Business Studies > Business Environment

Medium

Business Environment doesn't help in :

Planning and policy formulation

Coping with rapid changes

Establishing standards for controlling

Tapping useful resources

Correct Answer

Option 3

Correct Answer

Explanation →

Q78:

30 Aug Shift 1

Business Studies > Business Environment

Easy

SwarnaBhoomi is a resort in the outskirts of Delhi at Delhi-Gurgoan Express way. The unique feature of this resort was being a gadget free zone where families enjoy their time together. However, recently the visitors have been requesting for wifi, pet care facilities and room pantry. The manager sensing the shift in consumer preference upgraded these facilities by providing : (a) Free Wi-fi zone (b) A cretch for pets (c) A cook-top with essentials for cooking in selected villas and rooms The above case highlights that :

Business environment is complete in nature

Business environment is a relative concept

Business environment is dynamic in nature

Different elements of Business environment are closely interrelated

Correct Answer

Option 3

Correct Answer

Explanation →

Q79:

20 Aug Shift 1

Business Studies > Business Environment

Medium

Identify from the following the component which is not the part of political environment.

The level of political morality

The nature and relationship of our country with foreign countries

Political unrest

Expectation from the workforce

Correct Answer

Option 4

Correct Answer

Explanation →

Q80:

20 Aug Shift 1

Business Studies > Business Environment

Easy

Consumption habits and composition of family are the elements of which dimension of business environment?

Economic

Social

Political

Legal

Correct Answer

Option 2

Correct Answer

Explanation →

Q81:

20 Aug Shift 1

Business Studies > Business Environment

Easy

Identify the component which is a part of economic environment of business.

Level of political morality

Nature of relationship of our country with other country

Prevailing political system

Demand and supply

Correct Answer

Option 4

Correct Answer

Explanation →

Q82:

17 Aug Shift 1

Business Studies > Business Environment

Easy

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

Complexity

Uncertainty

Relativity

Dynamic nature

Correct Answer

Option 3

Correct Answer

Explanation →

Q83:

17 Aug Shift 1

Business Studies > Business Environment

Medium

Even after New Economic Policy 1991, foreign companies found it extremely difficult to cut through the bureaucratic red tape to get permits for doing business in India. Identify the dimension of business environment which posed a hurdle for foreign companies.

Technological environment

Social environment

Political environment

Legal environment

Correct Answer

Option 3

Correct Answer

Explanation →

Q84:

17 Aug Shift 1

Business Studies > Business Environment

Easy

One of the economic reforms that was introduced in 1991 led to freedom in deciding the scale of business activities as well as freedom in fixing the prices of goods and services. Identify the economic reforms.

Privatization

Liberalization

Globalization

Disinvestment

Correct Answer

Option 2

Correct Answer

Explanation →

Q85:

16 July Shift 2

Business Studies > Business Environment

Medium

Match the items of List I with the correct items of List II | List I | List II | | --- | --- | | A. Removal of restrictions on the movement of goods and services | I. Legal Environment | | B. The advertisement of alcoholic beverages is prohibited | II. Privatisation | | C. Govt. adopted the policy of planned disinvestment | III. Globalisation | | D. It involved an increased level of interaction among nations | IV. Liberalisation | Choose the correct answer from the options given below:

A-I, B-III, C-II, D-IV

A-IV, B-I, C-II, D-III

A-IV, B-I, C-III, D-II

A-II, B-I, C-IV, D-III

Correct Answer

Option 2

Correct Answer

Explanation →

Q86:

16 July Shift 2

Business Studies > Business Environment

Easy

Smita joined a gym by observing the health and fitness trend in the society. She became health conscious and started buying organic food. Which dimension of business environment is highlighted here?

Economic

Social

Technological

Political

Correct Answer

Option 2

Correct Answer

Explanation →

Q87:

16 July Shift 2

Business Studies > Business Environment

Easy

Amrita completed her Master's Degree in Fashion Technology from Paris. After coming back to India, she observed a shift towards formal wear in the fashion industry. To grab this opportunity, she opened a boutique in a posh area of Delhi. She used environmental friendly method of production. To make the store run efficiently, she divided the work into small tasks so that her employees are well trained and the wastage can be reduced. Similar activities were grouped together and departments were formed. She assigned responsibility to her sales staff in the form of clear cut targets and gave them authority to close the deal by offering a discount of 5% but the decision to give any further discount rests with her. The departments were headed by the specialists who were appointed through placement agencies and management consultants. Levels were created in the organization and helped in establishing reporting relationship. In the earlier period of her venture, she asked her employees to put in extra hours of work. In return, she promised to give them special incentive within one year. Her business was doing well and she honours her commitment by giving them bonus. Amrita was a good leader. She develops plans and makes decisions in consultation with her subordinates. However, she was biased with her female employees when it comes to solving conflicts among her staff.

In the above case study, which dimension of business environment is highlighted?

Economic

Technological

Social

Political

Correct Answer

Option 3

Correct Answer

Explanation →

Q88:

15 July Shift 2

Business Studies > Business Environment

Easy

Attitude towards product innovations, lifestyles and consumer prefrences are influenced by:

Economic Environment

Social Environment

Cultural Environment

Ecological Environment

Correct Answer

Option 2

Correct Answer

Explanation →

Q89:

15 July Shift 2

Business Studies > Business Environment

Easy

| Dimesion of Business Environment | Component | | --- | --- | | A. Economic | I. Festivals | | B. Social | II. Court Judgements | | C. Political | III. Public Debt | | D. Legal | IV. Ideology of ruling party | Choose the correct answer from the options given below:

A-II, B-I, C-IV, D-III

A-III, B-I, C-IV, D-II

A-IV, B-III, C-II, D-I

A-III, B-II, C-IV, D-I

Correct Answer

Option 2

Correct Answer

Explanation →

Q90:

15 July Shift 2

Business Studies > Business Environment

Easy

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

Political

Legal

Social

Security

Correct Answer

Option 4

Correct Answer

Explanation →