Deck 8: Business and Economics

Question 1

The sixth plan mentions 17 criteria for determining the prevalence of ____.

A)poor.
B)academician.
C)backwardness.
D)business.

Answer 1

backwardness.

Question 2

Fiscal policy is called as ______ policy.

A)monetary.
B)budgetary.
C)industrial.
D)economic.

Answer 2

budgetary.

Question 3

One concept of culture determines the ___ of people.

A)experience.
B)ethics.
C)education.
D)wealth.

Answer 3

ethics.

Question 4

Self fulfillment and immediate gratification are_____cultural values.

A)decreases.
B)rises.
C)diminishes.
D)corporte.

Question 5

National stock exchange was set up a joint stock company by all indian financial institution and banks on November 27 ____.

A)1991.
B)1992.
C)1993.
D)1994.

Question 6

Which can be a method of privation?

A)Denationalization.
B)Purchasing shares.
C)Takeover.
D)Merger.

Question 7

In India liberalization and privatization began from____.

A)1991.
B)1971.
C)1981.
D)1947.

Question 8

Industrial policy of 1948 aimed at ______.

A)industrialization
B)growth of agriculture.
C)development of infrastructure .
D)development of service sector.

Question 9

_______ state can have an elected or hereditary head.

A)Democratic.
B)Autocratic.
C)Socialized.
D)Republic.

Question 10

The era of deregulation / liberalization begin in ___.

A)1950and51.
B)1980.
C)1991.
D)1960.

Question 11

___________ occupies the central place in business.

A)People.
B)Raw material.
C)Labour.
D)Finished goods.

Question 12

India is good example for ________economy.

A)socialist.
B)mixed .
C)capitalist.
D)communist.

Question 13

Business includes _____.

A)non-economic activities.
B)economic activities.
C)social activities.
D)production activities.

Question 14

What is the single word that can best describe today s business?

A)Technology.
B)Profit Making.
C)Change.
D)People.

Question 15

Is the modern business dynamic?

A)mass production.
B)mass marketing.
C)mass sales.
D)mass purchase.

Question 16

A valid definition of a business purpose is to _______.

A)create a customer.
B)maximize profits.
C)serve the society.
D)increase the wealth in the firm.

Question 17

Is todays business is not characterized by diversification?

A)Social relationship.
B)Profit.
C)Customers.
D)Assets.

Question 18

Is interference of government in business is common in every country?

A)1960.
B)1970.
C)1980.
D)1990.

Question 19

____refers to the system of moral principles and rules of conduct applied to business.

A)Business culture.
B)Business ethics.
C)Business.
D)Society.

Question 20

Competition is beneficial to the competing firms besides benefiting the ______?

A)producers.
B)intermediaries.
C)finances.
D)consumers.

Question 21

What are the main concepts concerning about business goals or objectives?

A)Mission, objectives.
B)Mission , targets.
C)Mission, objectives, target.
D)Target, objectives.

Question 22

Goals realization continuously will lead to _______.

A)mission fulfillment.
B)maximize customers.
C)high revenue.
D)maximize suppliers.

Question 23

_______is the primary motive for a business enterprise.

A)Profit.
B)Maximize customers.
C)Human objective.
D)Maximize suppliers.

Question 24

The following statement with respect to culture is false.

A)Culture is enduring.
B)Culture is changing.
C)Culture is evolved among the members of a society.
D)Culture is determined by national boundaries.

Question 25

________is the business through which new ideas and innovations are given a sharp and are converted into useful products and services .

A)Market Leadership.
B)Challenge.
C)Joy of Creation.
D)Growth.