CUET Business Studies: Business StudiesBusiness Environment. Free, no login required.

Q1:

2022: 17 Aug Shift 1

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.

Answer options
Option 3
Correct Answer
Explanation for 2022: 17 Aug Shift 1 BST question 1

Q2:

2022: 17 Aug Shift 1

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.

Answer options
Option 2
Correct Answer
Explanation for 2022: 17 Aug Shift 1 BST question 2

Q3:

2022: 16 July Shift 2

Business Environment

Medium

Match the items of List I with the correct items of List II

List IList II
A. Removal of restrictions on the movement of goods and servicesI. Legal Environment
B. The advertisement of alcoholic beverages is prohibitedII. Privatisation
C. Govt. adopted the policy of planned disinvestmentIII. Globalisation
D. It involved an increased level of interaction among nationsIV. Liberalisation

Choose the correct answer from the options given below:

Answer options

Q4:

2022: 16 July Shift 2

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?

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Q5:

2022: 16 July Shift 2

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?

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Q6:

2022: 15 July Shift 2

Business Environment

Easy

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

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Q7:

2022: 15 July Shift 2

Business Environment

Easy

Dimesion of Business EnvironmentComponent
A. EconomicI. Festivals
B. SocialII. Court Judgements
C. PoliticalIII. Public Debt
D. LegalIV. Ideology of ruling party

Choose the correct answer from the options given below:

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Q8:

2022: 15 July Shift 2

Business Environment

Easy

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

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