Environmental Factors Additional One Mark Online Test

Environmental Factors Additional One Mark Online Test (12th Standard Commerce)

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Who defined business environment as "the total of all things external to firms and industries which affect their organisation and operations"?

A.Uday Kotak B.Narayana Murthy C.Bayard O Wheeler D.Adi Godrej

Consider the following statements about SWOT analysis of the business environment.
1. The internal environment yields the strengths and weaknesses of an organisation.
2. The external environment relates to opportunities and threats.
3. The external environment is fully controllable by the business.
Which of the statements given above is/are correct?

A.1 only B.1 and 2 only C.2 and 3 only D.1, 2 and 3

Dr. Reddy started Apollo Hospitals in the 1980s after seeing the need for quality service in healthcare. The lesson uses this example to show that studying the business environment helps to

A.enhance the public image B.identify new opportunities C.overcome internal power relations D.reduce the cost of inventory

Large retail stores like Aditya Birla's "More" now provide home delivery services. The lesson gives this as an example of which benefit of environmental analysis?

A.Public image B.Environment scanning C.Formulating strategy D.Identifying threats

Which one of the following is NOT an internal environment factor of a business?

A.Value system B.Human resources C.Competitors D.Company image

"Amul the taste of India" of the Gujarat Co-operative Milk Marketing Federation (GCMMF) is given as an example of which internal factor?

A.Internal power relations B.Management structure C.Value system D.Vision and objectives

Under which internal factor does the lesson say that the board is the highest decision making authority, so its composition and professionalism play a critical role?

A.Human resources B.Management structure and nature C.Company image D.Value system

Which two Indian companies were named among the world's most ethical companies, as stated in the lesson?

A.Apollo Hospitals and Amul B.TATA Steel and WIPRO C.Fuji Films and More D.Sterlite Copper and TVS

The external environment of business is subdivided into micro environment and macro environment. These are also called

A.task environment and general environment B.internal and controllable environment C.general environment and task environment D.future and VUCA environment

Q10

Match the micro environment factors with the examples given in the lesson.
A. Financiers - 1. Dealers, wholesalers and retailers
B. Suppliers - 2. Media group and citizen action group
C. Marketing channel members - 3. Debenture holders and financial institutions
D. Public - 4. Providers of raw materials and other inputs

A.A-3, B-4, C-1, D-2 B.A-4, B-3, C-2, D-1 C.A-3, B-1, C-4, D-2 D.A-1, B-4, C-3, D-2

Q11

In 2018 the Sterlite Copper factory in Thoothukudi was closed due to protests by

A.its suppliers B.its competitors C.an environment protection group D.its financiers

Q12

In which type of economic system are there a lot of restrictions on the private sector?

A.Capitalistic economy B.Mixed economy C.Free enterprise market D.Socialistic economy

Q13

Which one of the following countries is NOT listed in the lesson as a developed economy?

A.USA B.Japan C.Brazil D.Germany

Q14

Monetary policy, fiscal policy, export-import policy and foreign exchange policy are part of which element of the economic environment?

A.Economic indices B.Economic policies of a nation C.Economic structure D.Development of financial market

Q15

According to the lesson, the three political institutions which direct and influence a business are

A.the legislative, executive and judiciary B.the Military, Police and bureaucracy C.SEBI, GST Council and stock exchanges D.political parties, media and citizen groups

Q16

Which of the following is given in the lesson as a parameter of political stability?

A.Caste system in the society B.Rate of change in technology C.Per capita income D.Declaration of President's rule

Q17

Consider the following statements about the geo-physical environment.
1. The concentration of the cotton textile industry in Coimbatore is due to conducive weather conditions.
2. The ban on use of plastic bags by the Ooty corporation is an example of ecological factors.
3. Availability of natural harbours is a factor of the technological environment.
Which of the statements given above is/are correct?

A.1 only B.2 and 3 only C.1 and 2 only D.1, 2 and 3

Q18

Which one of the following is NOT listed under the technological environment?

A.Level of technology available within the country B.Rate of change in technology C.Technological obsolescence D.Differences in currencies

Q19

Family structure, role of marriage as an institution and caste system in the society are factors of which environment?

A.Political and legal environment B.Socio-cultural environment C.Economic environment D.Geo-physical environment

Q20

The acronym VUCA, which describes the future environment of business, was developed in the late 80's by

A.the GST Council B.the U.S. military C.SEBI D.the Kumara Mangalam Birla Committee

Q21

Consider the following requirements of the Indian corporate governance framework for listed companies.
1. At least one third of the directors have to be independent directors.
2. There must be at least one independent woman director.
3. The CEO and CFO must sign that the governance norms have been complied with in the financial statements.
Which of the statements given above is/are correct?

A.1 only B.1 and 2 only C.2 and 3 only D.1, 2 and 3

Q22

Arrange the committees constituted in India for corporate governance in chronological order.
1. Adi Godrej Committee
2. Kumara Mangalam Birla Committee
3. Uday Kotak Committee
4. Narayana Murthy Committee

A.2, 4, 1, 3 B.4, 2, 1, 3 C.2, 1, 4, 3 D.1, 2, 4, 3

Q23

Assertion (A): Internal environment factors are known as controllable factors.
Reason (R): They are factors within the organisation which can be changed or altered.

A.Both A and R are true, and R is the correct explanation of A B.Both A and R are true, but R is not the correct explanation of A C.A is true, but R is false D.A is false, but R is true

Q24

Match the taxes under GST with the correct description.
A. CGST - 1. Collected by the State Government on an intra-state sale
B. SGST - 2. Collected by the Central Government for an inter-state sale
C. IGST - 3. Collected by the Central Government on an intra-state sale

A.A-1, B-3, C-2 B.A-3, B-1, C-2 C.A-2, B-1, C-3 D.A-3, B-2, C-1

Q25

The Goods and Services Tax Council, a constitutional body that makes recommendations on GST to the Union and State Governments, is chaired by

A.the Prime Minister B.the Union Finance Minister C.the Governor of the Reserve Bank of India D.the Chairman of SEBI

Q26

Which one of the following is NOT one of the five core Tata values given in the lesson?

A.Integrity B.Excellence C.Competition D.Pioneering

Q27

The case study on Amul in the lesson describes Dr. Verghese Kurien as the pioneer of

A.the Green revolution in India B.the White revolution in India C.corporate hospital care in India D.rural transport service in Tamil Nadu

Q28

According to the lesson, GST is a comprehensive, multi-stage, destination-based tax levied on every value addition. What kind of tax is it?

A.Direct tax on income B.Indirect tax on goods and services C.Tax on property and wealth D.Tax only on imports

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About this Environmental Factors test

This free online practice test covers Environmental Factors from the 12th Standard Commerce (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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