CBSE · Class 12 · Business Studies

Class 12 Business Environment Mock Test (CBSE)

2 practice questions from Business Environment, in the style of your board paper, each with a worked answer and the marks for every step. Then take a full chapter test on paper, snap the pages and get every step marked.

Topics in Business Environment

  • Meaning of business environment
  • Importance of business environment
  • Dimensions of business environment
  • Economic environment in India
  • Liberalisation
  • Privatisation
  • Globalisation
  • Impact of government policy changes on business and industry
  • Demonetisation

Business Environment practice questions with answers

  1. Q1Multiple choice1 mark
    Which of the following is a direct component of the economic environment in India?
    1. (a)Political stability and ideology
    2. (b)Technological innovations
    3. (c)Consumer expectations and lifestyle
    4. (d)Rates of saving and investment
    Show answer and step marks
    1. Correct option: (d) Rates of saving and investment form a fundamental part of the economic environment.+1
    Answer: (d)
  2. Q2Multiple choice1 mark
    The Government of India removed industrial licensing requirements for most industries under the Industrial Policy of 1991. This policy measure is an example of:
    1. (a)Globalisation
    2. (b)Liberalisation
    3. (c)Privatisation
    4. (d)Demonetisation
    Show answer and step marks
    1. Correct option: (b) Removal of industrial licensing and reducing government controls is the core of liberalisation.+1
    Answer: (b)

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  • 15 min10 marks
  • 30 min20 marks
  • 1.5 hr40 marks
  • 3 hr80 marks
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