1. Business comprises all ______________ seeking activities and enterprises that provides goods and
services necessary to an economic system.
a) Profit.
b) Loss.
c) Production.
d) None of these.
2. ______________ are the directives to the various government and non government agencies and
are fundamental in the governance of the country.
a) State policies.
b) Fundamental rights.
c) Directive principles.
d) Fundamental Rules
3. The main objective of society and business is ______________.
a) economic and social objective.
b) cultural objective.
c) technological objective.
d) non objective.
4. Self fulfillment and immediate gratification _______________ cultural values.
a) decreases.
b) rises.
c) diminishes.
d) slow down.
5. Developments banks are otherwise called as______________.
a) LIC.
b) UTI.
c) DFI.
d) Barter.
6. _______________ change is a potent form for the reconfiguration of industrial boundaries.
a) Technological.
b) Economical.
c) Organizational.
d) Environmental.
7. ________________________ state can have an elected or hereditary head.
a) Democratic.
b) Autocratic.
c) Socialized.
d) None of the above.
8. Business environments is encompassed as the climate or set of condition, Economics, social (or) institutional in which business _______________ are conducted.
a) operations.
b) customs.
c) rituals.
d)meetings.
9. Todays business is not characterized by _________________.
a) diversification.
b) loss.
c) fight.
d) conflict
10. Competition is beneficial to the competing firms besides benefiting the ______________.
a) producers
b) intermediaries
c) finances.
d) consumers