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Business Environment online MCQ with answer practice set

Study Business Environment online MCQ with answer practice set for your academic course and prepare for your exam and online assignments. You can give online FREE Quiz and test your knowledge on OMCQ portal.

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Exam Question

MRTP act was replaced by this act

  • 1. The consumer Protection Act
  • 2. SEBI Act
  • 3. Sick Industrial Companies Act
  • 4. The Competition Act

View Answer

Answer 4. The Competition Act

Practice set and Exam Quiz

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Exam Question

The act which regulates relations between workers and employers for direct negotiations is known as

  • 1. “The Industrial Disputes Act, 1947”
  • 2. International Labour Organization
  • 3. None of the above
  • 4. All of the above

View Answer

Answer 1. “The Industrial Disputes Act, 1947”

Practice set and Exam Quiz

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Exam Question

Non conventional resources of energy are

  • 1. Energy sources like fossil fuel and coal, which are available as deposits under earth
  • 2. All energy sources which are exhaustible in nature and scarce available
  • 3. Sources of energy which can be used again and again without getting exhausted like water energy, solar energy, wind energy etc
  • 4. None of the above

View Answer

Answer 3. Sources of energy which can be used again and again without getting exhausted like water energy, solar energy, wind energy etc

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Exam Question

Sustainable Development means:

  • 1. Equity
  • 2. Reliance on resources
  • 3. Avoid depletion of resources
  • 4. All of these
  • 5. None of these

View Answer

Answer 3. Avoid depletion of resources

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Exam Question

Rain water harvesting is a technique to

  • 1. Harvest the fields with rain water
  • 2. Collect the rain water in tanks for future use
  • 3. Collect the rain water and drain in the rivers
  • 4. Let pass the rain water to underground to increase the water table

View Answer

Answer 4. Let pass the rain water to underground to increase the water table

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Exam Question

Landfill is a place where

  • 1. Usually the biodegradable waste is dumped and it decomposes in to store of manure
  • 2. Any kind of waste is dumped and is left there as place for disposal was not available
  • 3. There is deep trench and waste is used to fill the trench
  • 4. The water resource is filled by waste to create land

View Answer

Answer 2. Any kind of waste is dumped and is left there as place for disposal was not available

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Exam Question

The rate at which RBI lends money to commercial banks

  • 1. Repo rate
  • 2. Reverse Repo rate
  • 3. Cash reserve ratio
  • 4. Bank Rate

View Answer

Answer 1. Repo rate

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Exam Question

LCA has:

  • 1. Four standards
  • 2. Two standards
  • 3. Three standards
  • 4. No standards

View Answer

Answer 3. Three standards

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Exam Question

Recycling of material has following benefits

  • 1. Reduction in waste
  • 2. Reduction in waste and ecological impact
  • 3. Reduction in waste, ecological impact, cost of production
  • 4. Reduction in waste, ecological impact, cost of production and increased in customer satisfaction due to improved reputation

View Answer

Answer 4. Reduction in waste, ecological impact, cost of production and increased in customer satisfaction due to improved reputation

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Exam Question

The objective of India Trade Promotion Organization is to

  • 1. Promote exports and imports
  • 2. Upgradation of technology through the medium of fairs held in India and abroad
  • 3. Assist Indian companies in product development
  • 4. All of the above

View Answer

Answer 4. All of the above

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Exam Question

Place where an organism lives under natural condition

  • 1. Forest
  • 2. Ecosystem
  • 3. Habitat
  • 4. Environment

View Answer

Answer 3. Habitat

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Exam Question

The Montreal Protocol was signed

  • 1. To reduce the GHG green house gas emissions by the nation causing global warming
  • 2. To phase out production and use of ozone depletion substance mainly CFCs’
  • 3. To regulate the cross border movement of Hazardous waste
  • 4. To sign the agreement GATT

View Answer

Answer 2. To phase out production and use of ozone depletion substance mainly CFCs’

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Exam Question

An increase in supply of currency or credit relative to the availability of goods and services resulting in higher prices

  • 1. Competition
  • 2. Stagflation
  • 3. Inflation
  • 4. All of the above

View Answer

Answer 3. Inflation

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Exam Question

To facilitate participation of developing nations in Kyoto Protocol the concept of Clean Development Mechanism (CDM) was adopted which is

  • 1. The developed nations will help the developing nations in reducing their carbon emission
  • 2. The developed nations will finance equipment, bring investment to the developing nation so that they can develop them
  • 3. The developed nations will finance equipment, bring investment in the developing nation for infrastructure, water and forest conservation and in exchange they will receive the credit of environment protection by carbon credits gained by the developing nations
  • 4. The developed nations will finance developing nations in reducing GHG gases so as to reduce global warming

View Answer

Answer 1. The developed nations will help the developing nations in reducing their carbon emission

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Exam Question

Organic agricultural products are those products

  • 1. Which are cultivated with the help of organic manure
  • 2. Which are cultivated without the use of chemical fertilizers, pesticides, weedicides etc?
  • 3. Which are gathered from jungles
  • 4. Which are cultivated only with the help of rain water, without the use of pesticides and weedicides

View Answer

Answer 2. Which are cultivated without the use of chemical fertilizers, pesticides, weedicides etc?

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Exam Question

Corrective and preventive action and non conformance check pertains to

  • 1. 4.5.3
  • 2. 4.4.2
  • 3. 4.2
  • 4. 4.0

View Answer

Answer 1. 4.5.3

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Exam Question

SAARC Agreement establishes a framework for

  • 1. The exchange of trade concessions among the member states
  • 2. Eliminate barriers to trade and investment between three countries
  • 3. Accelerate Economic Growth
  • 4. All of the above

View Answer

Answer 3. Accelerate Economic Growth

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Exam Question

ISO was established in

  • 1. 1980
  • 2. 1947
  • 3. 1950
  • 4. 1982

View Answer

Answer 2. 1947

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Exam Question

Income which individuals have at their disposal after the payment of personal Tax is known as

  • 1. Gross National Product
  • 2. Net National Product
  • 3. Disposable Income
  • 4. Personal Income

View Answer

Answer 3. Disposable Income

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Exam Question

ISO 14031 refers to:

  • 1. EIA
  • 2. EL
  • 3. EMS
  • 4. Ethics

View Answer

Answer 4. Ethics

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Business Environment question set and give online exam quiz test for Business Environment, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Important note for exam preparation: Must try Online MCQ Quiz Test after practice these Business Environment MCQ set, so you can check your knowledge and improve efficiency. You can get link from above mention for these subjects.