Introduction to Business (Sem 1 ) MCQ



Question 101 : Analysis of external environment indicates strengths and weaknesses of the organization.

  1. True
  2. False
  

Question 102 : Political environment is concerned with different aspects of population.

  1. True
  2. False
  

Question 103 : Business environment has direct and indirect impact on the working of business organizations.

  1. True
  2. False
  

Question 104 : A stable political environment is required to enhance business growth.

  1. True
  2. False
  

Question 105 : Physical facilities and financial resources are elements of external business environment.

  1. True
  2. False
  

Question 106 : Cultural environment does not influence demand for goods and services.

  1. True
  2. False
  

Question 107 : Business and business environment are interdependent.

  1. True
  2. False
  

Question 108 : Legal environment consists of factors related to population.

  1. True
  2. False
  

Question 109 : The international business environment is influenced by international forums like WTO and trading blocs.

  1. True
  2. False
  

Question 110 : India is a member of SAARC.

  1. True
  2. False
  

Question 111 : WTO is the apex body to oversee implementation of all multilateral trade agreements.

  1. True
  2. False
  

Question 112 : GATS is an agreement of WTO.

  1. True
  2. False
  

Question 113 : Trade without discrimination is an objective of WTO.

  1. True
  2. False
  

Question 114 : As per TRIPs agreement, foreign investments are treated at par with domestic investments.

  1. True
  2. False
  

Question 115 : NAFTA is a trading bloc of European countries.

  1. True
  2. False
  

Question 116 : Trading blocs establish collective force against non-members.

  1. True
  2. False
  

Question 117 : TRIMs and AOA are examples of trading blocs.

  1. True
  2. False
  

Question 118 : The GATs agreement of WTO pertain to patents and copyrights.

  1. True
  2. False
  

Question 119 : _____ feasibility study finds out profitability of the proposed project.

  1. Technical
  2. Market
  3. Financial
  4. None of the above
  

Question 120 : _____ acts as a reference guide during the execution of the project.

  1. Feasibility report
  2. Project report
  3. legal report
  4. None of the above
  

Question 121 : _____ refers to finding out practical utility of a project.

  1. Feasibility study
  2. Project planning
  3. Project report
  4. All of the above
  

Question 122 : Project planning is summarized in _____.

  1. Project report
  2. feasibility report
  3. legal report
  4. All of the above
  

Question 123 : _____ describes the purpose and values of business.

  1. Mission statement
  2. Objectives
  3. Vision statement
  4. None of the above
  

Question 124 : _____ undertakes preliminary steps necessary for formation of a company.

  1. Promoter
  2. Intrapreneur
  3. Manager
  4. None of the above
  

Question 125 : Decision on location is an important element of _____.

  1. setting up a business unit
  2. market research
  3. manufacturing process
  4. All of the above
  

Question 126 : _____ number is required for directors of a company.

  1. DIN
  2. TIN
  3. TAN
  4. None of the above
  

Question 127 : _____ is required for tax deduction at source

  1. TAN
  2. TIN
  3. DIN
  4. All of the above
  

Question 128 : The _____ is the companys charter.

  1. Memorandum
  2. Articles of Association
  3. Prospectus
  4. None of the above
  

Question 129 : For exporting goods, it is necessary to get registered with _____.

  1. DGFT
  2. ROC
  3. RBI
  4. All of the above
  

Question 130 : _____ is mandatory for opening of bank account and filing of income tax returns.

  1. PAN
  2. TAN
  3. TIN
  4. All of the above
  

Question 131 : Analysis of environmental factors is done in business planning process.

  1. True
  2. False
  

Question 132 : There is no need to undertake period review of performance.

  1. True
  2. False
  

Question 133 : The feasibility study has no practical significance.

  1. True
  2. False
  

Question 134 : Project report is a summary of project planning.

  1. True
  2. False
  

Question 135 : Project report contains details of feasibility study undertaken.

  1. True
  2. False
  

Question 136 : Feasibility study is undertaken to find out practical utility of a project.

  1. True
  2. False
  

Question 137 : Financial feasibility study covers technical aspects of the project.

  1. True
  2. False
  

Question 138 : Project report is a base for feasibility study.

  1. True
  2. False
  

Question 139 : The project report is important only to the entrepreneur.

  1. True
  2. False
  

Question 140 : Market feasibility study covers the environmental impact of the proposed project.

  1. True
  2. False
  

Question 141 : Law and order situation is an important factor to be considered in location of a business unit.

  1. True
  2. False
  

Question 142 : Social infrastructure must be considered while deciding on location of a business unit.

  1. True
  2. False
  

Question 143 : Promoter is a person who undertakes the preliminary steps necessary for formation of a company.

  1. True
  2. False
  

Question 144 : VAT is required for depositing of TDS.

  1. True
  2. False
  

Question 145 : Memorandum of Association is the document which contains internal regulations of the company.

  1. True
  2. False
  

Question 146 : PAN is mandatory for filing of income tax returns and other financial transactions.

  1. True
  2. False
  

Question 147 : Tax rebate is an exemption from tax granted for a specific period of time.

  1. True
  2. False
  

Question 148 : Business units dealing in hotels, foods and drugs need to obtain FDA license before starting operations.

  1. True
  2. False
  

Question 149 : Articles of Association is companys charter.

  1. True
  2. False
  

Question 150 : Registration under Indian Partnership Act, 1932 is voluntary except in Maharashtra.

  1. True
  2. False
  
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