Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Economic and Business Environment Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email State 1. The macro environment consists of _______. Customers and competitors Suppliers and intermediaries Economic, political, and social factors Marketing intermediaries None 2. Which of the following is NOT a component of the business environment? Economic environment Political environment Personal environment Technological environment None 3. Business environment helps in: Identifying threats and opportunities Formulating strategies Decision-making All of the above None 4. Which of the following is NOT a type of business environment? Economic Technological Psychological Political None 5. Globalization refers to: Closing the economy from foreign trade Increasing trade restrictions Integration of economies worldwide Reducing domestic investments None 6. Inflation refers to: Decrease in general price levels Increase in general price levels Increase in employment Economic recession None 7. GDP stands for: Gross Domestic Product Gross Development Product Global Domestic Product General Development Parameters None 8. The Central Bank of India is: RBI SEBI NABARD IRDAI None 9. The main objective of monetary policy is to: Control inflation Ensure economic growth Regulate credit supply All of the above None 10. Fiscal policy is concerned with: Government revenue and expenditure Banking regulations Monetary supply Foreign trade None 11. The four phases of a business cycle are: Boom, Recession, Depression, Recovery Growth, Stability, Decline, Crisis Start, Peak, Decline, Closure None of the above None 12. Which sector contributes the most to India's GDP? Agriculture Industry Services Mining None 13. Economic growth is measured b Increase in employmen Increase in production Increase in GDP All of the above None 14. Which of the following is an indicator of economic development? Per capita income Literacy rate Life expectancy All of the above None 15. A recession is characterized by: Increase in production Decrease in employment Economic boom High inflation None 16. Who formulates the Five-Year Plans in India? RBI NITI Aayog SEBI Finance Ministry None 17. The Industrial Policy of 1991 focused on: Liberalization Privatization Globalization All of the above None 18. Which body regulates the stock market in India? RBI IRDAI SEBI NABARD None 19. The Competition Act, 2002 aims to: Promote fair competition Prevent monopolies Protect consumer interests All of the above None 20. WTO stands for: World Trade Organization World Tax Organization Western Trade Order World Tariff Organization None 21. FDI stands for: Foreign Domestic Investment Foreign Direct Investment Financial Direct Integration Fiscal Domestic Investment None 22. The IMF provides: Financial assistance to countries Trade policies for global trade Monetary policies for India Agricultural subsidies None 23. Balance of payments includes: Exports and imports Foreign investments Remittances All of the above None 24. Trade surplus occurs when: Exports exceed imports Imports exceed exports Exports and imports are equal There is no international trade None 25. Which agreement governs international trade in services? TRIPS GATS TRIMS None of the above None 26. Sustainable development focuses on: Economic growth Environmental protection Social well-being All of the above None 27. CSR stands for: Corporate Social Responsibility Company Service Regulations Centralized Sustainable Reforms None of the above None 28. The Kyoto Protocol is related to: Reducing greenhouse gases Global trade Banking regulations Industrial safety None 29. Business ethics involve: Fair trade practices Corporate governance Transparency and accountability All of the above None 30. The Triple Bottom Line approach considers: People, Planet, Profit Profit, Politics, Public Production, Process, Policy None of the above None 31. Which sector is the largest employer in India? Industrial sector Agricultural sector Service sector Manufacturing sector None 32. Which of the following is an example of a direct tax? GST Excise duty Income tax Customs duty None 33. The NITI Aayog replaced which institution? Planning Commission Finance Commission RBI SEBI None 34. Disinvestment refers to: Reduction in fiscal deficit Sale of government stake in public sector enterprises Increase in foreign direct investment None of the above None 35. Which of the following is NOT a function of the Reserve Bank of India (RBI)? Controlling inflation Regulating the stock market Issuing currency Managing foreign exchange reserves None 36. The ‘Make in India’ initiative focuses on: Promoting domestic manufacturing Increasing agricultural production Encouraging foreign investment in real estate Privatization of PSUs None 37. Which government initiative promotes entrepreneurship and startup culture in India? Stand-Up India Startup India Digital India Skill India None 38. The term "Ease of Doing Business" is associated with: World Bank rankings IMF policies RBI guidelines SEBI regulations None 39. SEBI is responsible for regulating: Foreign exchange rates Capital markets in India Banking sector Insurance sector None 40. Which of the following is a government scheme aimed at financial inclusion? Ayushman Bhara Pradhan Mantri Jan Dhan Yojana Digital India Skill India None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. 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