Bachelor of Management Studies (B.M.S.) SEM II 2021 2022 May 2022 BUSINESS ENVIRONMENT Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 In case of Partnership firm, the financial liability of partners is
   • a) Limited
   • b) Unlimited
   • c) Flexible
   • d) Non- flexible
2. Q2 Value system, mission and objectives are the factors of
   • a) Internal
   • b) External
   • c) Micro
   • d) Macro
3. Q3 Unfavourable changes in the business environment bring to the
   • a) Threats
   • c) Strengths
   • d) Weakness
4. Q4 removes the hindrance of time in the smooth flow of goods from the producers to the consumers
   • a) Banking
   • b) Warehousing
   • c) Insurance
   • d) Advertising
5. Q5 The basic of business
   • a) Profiteering :
   • c) Buying and selling
   • d) Selling
6. Q6 The branch executes or enforces the law
   • a) Legislature
   • b) Executive
   • c) Judiciary
   • d) Government power in India is exercised by the Parliament
   • a) Legislative
   • b) Executive
   • c) Judiciary
   • c) Government
7. Q8 is not the role of government in business
   • b) Making laws
   • c) Permission
   • d) Consumer protection policy is the means by which government adjusts its spending levels and tax rates to monitor and influence a nation’s economy
   • a) Fiscal policy
   • b) Monetary policy
   • d) Commercial policy
8. Q10 is not the type of economic system
   • a) Traditional
   • b) Command
   • c) Market
   • d) Supply can pressurize business concerns to comply with present rules
   • b) Creditors
   • c) Government
   • d) Customers implies that people differ based on region, religion, caste and
   • a) Culture
   • b) Values
   • c) Trend
   • d) Sub- culture
9. Q13 Michael Porter’s five forces model provides useful input for
   • a) Economic
   • b) Market
   • c) Brand
   • d) SWOT
10. Q14 Technology has contributed to increased
    • a) Productivity
    • b) Job oppertunities
    • c) Profiteering
    • d) Sales
11. Q13 is the study of good and evil, right and wrong and just and unjust actions of businessmen
    • a) Social audit
    • b) Business Ethics
    • c) Corporate Governance
12. Q16 If exports are greater than imports than balance of trade is
    • a) Flexible
    • c) Negative
    • d) Positive
13. Q17 is the process of integration arising from the interchange of world views, products, ideas and other aspects of culture
    • b) Denationalization
    • c) Liberalization
14. Q18 is the third stage of Globalization
    • a) Value chain
    • c) Market Entry
    • d) Product Specialization
15. Q19 is more powerful body than GATT
    • a) TRIP
    • b) TRIM
16. Q20 Loss of culture is the of Globalisation
    • a) Limitation
    • b) Advantage
    • c) Feature
    • d) Nature
17. Q2 a) Explain the features of Business Environment. 5 marks
    • b) What is the Social Responsibility of Business towards different stakeholders? marks)
    • c) Explain the disadvantages of Globalization. 5
    • d)Which are the different types of Economic systems? 5
18. Q3 a) Explain Competitor’s Analysis in brief. (S marks)
    • b) Explain Aids- to- Trade in brief. 5
    • c) Which are the different Sunrise Sectors of Indian Economy. 5
    • d) Explain Political, Economic and Social Environment in biief. (5 Write short notes (Any 3 out of 5) (15 marks)
19. Q1 Economic Policies
20. Q2 Uruguay Round
21. Q3 Business Ethics
22. Q4 Types of Business
23. Q5 Role of Business towards

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