BE Quiz-1

What are the types of industries in the scope of business?

• Primary Industry, Secondary Industry, Tertiary Industry

• Retail, Wholesale, E-Commerce

• Finance, Investment, Services

• Manufacturing, Agriculture, Technology

What is the primary goal of any business?

• Earning Profit

• Customer Satisfaction

• Growth and Expansion

• Innovation

What are the immediate factors that directly affect a business?

• Customers

• Suppliers

• Competitors

• Distributors

• Publics

What are the broader societal forces that affect the entire business landscape?

• Economic Factors

• Political Factors

• Social Factors

• Environmental Factors

• Technological Factors

What was the major shift in India's economic strategy introduced in 1991?

• New Economic Policy

• Liberalization

• Privatization

• Globalization

What is the impact of the New Economic Policy on foreign investment?

• Increased foreign inflows

• Decreased foreign inflows

• No impact on foreign inflows

What initiative was launched in response to the COVID-19 pandemic to encourage local production?

• Atmanirbhar Bharat

• Skill India

• Make in India

What is the focus of the Production-Linked Incentive (PLI) scheme introduced in 2020?

• Encouraging local manufacturing

• Reducing imports

• Increasing foreign investment

What has been a significant recent development in India's financial sector?

• Introduction of Insolvency and Bankruptcy Code

• Increased government control

• Decreased access to credit

How does the Union Budget support innovation and technology development?

• By providing funds for R&D

• By increasing taxes on technology companies

• By reducing funding for education