CBSE Class 12 Business Studies Business Environment HOTs Set A

Scroll down for PDF

Ques 1: Which environment describes characteristics of the society in which the organization exists. 

Ans: Social Environment 

 

Ques 2: Which element / dimension of business environment involves improvement and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business.

Ans: Technological Environment 

 

Ques 3: Which environment prohibits the advertisement of alcoholic beverages? 

Ans: legal Environment 

 

Ques 4: Banking sector reforms have led to easier credit terms and better services. This is an example of a key component of the “Business Environment “ name this component?            

Ans:  Economic Environment

  

Ques 5: ‘Demand for reservation in jobs for minorities refers to an example of key component of general environment  of business. Name this component. 

Ans: Social Environment 

 

Ques 6: It is the process by which government control over the industry is being loosened. Give the term to which this statement is trying to indicate. 

Ans: Liberalization 

 

Ques 7: Which process aims at giving greater role to the private sector role to the public sector? 

Ans:  Privatization 

 

Ques 8: State the characteristics of business environment. 

Ans:    1.   Totality of external forces.      2.         Specific and general forces

           3.   Inter-relatedness.                 4.         Dynamics

           5.    Complexity.                         6.         Relatively

 

Ques 9: State the economics reforms since 1991 or new Economics policy.

Ans:    a.         Liberalization

            b.         Privatization

            c.         Globalization

  

Ques 10: State the factors of Micro Environment.

Ans:     a.         Customers

            b.         Suppliers

            c.         Competitors

            d.         Public

            e.         Marketing intermediaries

 

 

Ques 11: State the factors of Macro Environment.

Ans:     a.         Economical Environment

            b.         Political Environment

            c.         Social Environment

            d.         Legal Regulatory Environment

            e.         Technological Environment 

 

Ques 12: State the difference between general and specific environment with example. 

Ans: Examples of Specific Environment of Business.

 

Basis of difference

Specific Environment

General Environment

Examples

Investors, Customers, Competitors and suppliers

Social, Political, Legal and Technological conditions

Direct of Indirect.

It effects individual enterprises directly

It has indirect impact on all business enterprise.

           

Ques 13: Explain any five positive effects of liberalization and globalization on business and industry. 

Ans: The positive effects of liberalization and globalization on business and industry are

  1. All round competition
  2. Export became matter of survival.
  3. World class technology.
  4. Buyer’s market increase in production capacity. 

 

Ques 14: Explain any five negative effects of liberalization and globalization on business and industry in India. 

Ans: The negative effects of liberalization and globalization on business and industry inIndia are

a)      Destabilization of protected environment.

b)      Threat from MNC’s

c)      Corporate vulnerability

d)      Past failure fail to guide

e)      Acquisitions and mergers 

 

Ques 15: Write the impact of changes in government policy on business and industries. 

Ans:     Impact of changes in govt. policy on business are:

      a.        Increasing competition

      b.        More demanding

     c.         Rapidly changing technology environment

     d.         Necessity for change

     e.         Need for developing human resources.

     f.          market orientation

     g.         Loss of budgetary support to the public sector. 

 

Ques 16: State the component of business Environment. 

Ans: Components of Business Environment

  1. Internal Environment
  2. External Environment
  3. Micro Environment
  4. Macro Environment 

 

Ques 17: State the importance of business. 

Ans: .     Importance of business Environment are:

  1. First mover advantage
  2. Warning signal
  3. Taping useful resources
  4. Coping with rapid changes
  5. Assisting in planning and policy
  6. Improving in performance.

 

Click on the text For more study material for Business Studies please click here - Business Studies

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

CBSE exams postponed in Delhi

Due to the increased tension in some parts of Delhi, Delhi government has decided to postpone the CBSE boards exams for class 10 and class 12 in North East Delhi schools only. The dates on which the exams will be scheduled again has not been notified by CBSE till now....

All Delhi Schools to Adopt DIGITAL Attendance Methods

The Delhi Government takes another step ahead towards Digitalization of the Education Sector by proposing digital attendance in all Delhi Government Schools. As part of the Zero Paperwork Programme the attendance in all Delhi government school to be noted on e-tablets...

CBSE postpones class 12 exams in Delhi

The Central Board of Secondary Education (CBSE) on Wednesday postponed the board examination of standard XII scheduled for Thursday, that is, on the 27th February 2020 for the areas of north - east Delhi affected by communal riots. The rescheduled date for the exam is...

CBSE Counseling for Board exam 2020 starts today

The 23rd psychological Counseling starts 1st February (today) for The Class10 and Class12 CBSE students and their parents, by the Central Board of Secondary Education (CBSE).    This Counseling service is cost-free and this counseling service will be available every...

New Guidelines in Delhi Schools for CORONAVIRUS

The Schools of Delhi strives for Good Health and Wellness for all its community of Students, Parents and Staff, after the daily increasing of positive cases of Coronavirus in Delhi. The Delhi Government instructed all the schools of the state on Thursday to shut down...

CBSE Board Exams to be executed as per normal schedule

The Central Board of Secondary Education (CBSE) announced on Saturday, the 29th of February’2020 that the Board examinations for standard X and XII will be executed according to the decided schedule from 2nd March’2020 onwards. This announcement also includes the areas...

×
Studies Today