Maharashtra State BoardHSC Commerce 11th
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Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board chapter 7 - Business Enviroment [Latest edition]

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Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 7: Business Enviroment

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6Exercise Q.7Exercise Q.8
Exercise Q.1 [Pages 149 - 151]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.1 [Pages 149 - 151]

Exercise Q.1 | Q 1.1 | Page 149

Select the correct option and rewrite the sentence.
Business environment has tremendous impact on __________.

  • business

  • government

  • Society

Exercise Q.1 | Q 1.2 | Page 149

Select the correct option and rewrite the sentence.
The new Industrial policy was formulated in  __________.

  • 1947

  • 1951

  • 1991

Exercise Q.1 | Q 1.3 | Page 149

Select the correct option and rewrite the sentence.
Changes in ruling government is an aspect of ___________ environment.

  • political

  • technological

  • economic

Exercise Q.1 | Q 1.4 | Page 149

Select the correct option and rewrite the sentence.
Literacy level is an aspect of __________ environment.

  • social

  • legal

  • political

Exercise Q.1 | Q 1.5 | Page 149

Select the correct option and rewrite the sentence.
Privatization implies reduction in the role of ___________ sector.

  • public

  • private

  • foreign

Exercise Q.1 | Q 1.6 | Page 149

Select the correct option and rewrite the sentence.
Globalization is concerned with __________ market.

  • global

  • local

  • rural

Exercise Q.1 | Q 1.7 | Page 149

Select the correct option and rewrite the sentence.
_______ means linking national economy to the world economy.

  • Globalization

  • Privatization

  • Liberalization

Exercise Q.1 | Q 1.8 | Page 149

Select the correct option and rewrite the sentence.
Environment awareness provides _________ signal.

  • warning

  • alarming

  • soft

Exercise Q.1 | Q 2.1 | Page 149

Match the pairs.

Group ‘A’ Group ‘B’
A) Globalization 1) Profit motive
B) Privatization 2) 2006
C) Liberalization 3) Borderless economy
D) New economic policy 4) Service Motive
E) Social Environment 5) Internal factor
  6) Disinvestment
  7) Social Values
  8) 1991
  9) Abolishing license policy
  10) GATT
Exercise Q.1 | Q 2.2 | Page 150

Match the pairs.

Group ‘A’ Group ‘B’
A) Internal environment 1) Knowledge of law
B) Political environment 2) Taxation policy
C) Legal environment 3) Technology
D) Economic environment 4) Traditions
  5) WTO
  6) Controlled by business
  7) High cost
  8) Ideology of political party
Exercise Q.1 | Q 3.1 | Page 150

Give one word/phrase/term.
Uncontrollable factors of the business environment.

Exercise Q.1 | Q 3.2 | Page 150

Give one word/phrase/term.
The environmental of business that includes customs and traditions, values, social trends.

Exercise Q.1 | Q 3.3 | Page 150

Give one word/phrase/term.
The process of transferring ownership of business enterprise, agency or public service from the public service to private sector.

Exercise Q.1 | Q 3.4 | Page 150

Give one word/phrase/term.
A boundary less worlds where there would be flow of goods, services, information, capital and people across nation.

Exercise Q.1 | Q 4.1 | Page 150

State whether the following statement is True or False.
External factors of business environment are controllable factors. 

  • True 

  • False

Exercise Q.1 | Q 4.2 | Page 150

State whether the following statement is True or False.
Business is the product of different environmental factors. 

  • True

  • False

Exercise Q.1 | Q 4.3 | Page 150

State whether the following statement is True or False.
Business and environment are inseparable parts.

  • True

  • False

Exercise Q.1 | Q 4.4 | Page 150

State whether the following statement is True or False.
There is no benefit of globalization on Indian economy.

  • True

  • False

Exercise Q.1 | Q 4.5 | Page 150

State whether the following statement is True or False.
New economic policy promoted the liberal economic policy. 

  • True

  • False

Exercise Q.1 | Q 4.6 | Page 150

State whether the following statement is True or False.
There is no benefit of privatization to Indian economy. 

  • True

  • False

Exercise Q.1 | Q 4.7 | Page 150

State whether the following statement is True or False.
There is no need of consideration of the business environment factors in business. 

  • True

  •  False

Exercise Q.1 | Q 5.1 | Page 150

Compete the sentence.
The term of business environment generally refers to __________

Exercise Q.1 | Q 5.2 | Page 150

Compete the sentence.
______________ helps the business enterprise for overcoming challenge successfully.

Exercise Q.1 | Q 5.3 | Page 150

Compete the sentence.
Geographical and Ecological factors are included in ____________ Environment.

Exercise Q.1 | Q 5.4 | Page 150

Compete the sentence.
Literacy is the important part of __________ Environment.

Exercise Q.1 | Q 5.5 | Page 150

Compete the sentence.
Stability and peace in the country includes in _______ Environment.

Exercise Q.1 | Q 5.6 | Page 150

Compete the sentence.
Indian political system comprises ___________ vital institutions. 

Exercise Q.1 | Q 5.7 | Page 150

Compete the sentence.
Limited involvement of government in public sector refer to _________.

Exercise Q.1 | Q 5.8 | Page 150

Compete the sentence.
Integration of economy and society through cross country is called as ___________.

Exercise Q.1 | Q 6.1 | Page 150

Select the correct Option 
In how many type environmental factors can be classified?

  • Two

  • Three

  • Four

Exercise Q.1 | Q 6.2 | Page 150

Select the correct Option 
Which factors of Business Environment regards as controllable?

  • Internal

  • External

Exercise Q.1 | Q 6.3 | Page 150

Select the correct Option 
Who frames the economic policy of the business?

  • Government

  • Business

  • citiz en

Exercise Q.1 | Q 6.4 | Page 150

Select the correct Option 
Which economic system in known as free market economy?

  • Socialist

  • Mixed

  • Capitalist

  • Capitalist

Exercise Q.1 | Q 7.1 | Page 151

Correct the underlined word and rewrite the following sentence.
External factors of business environment are controllable.

Exercise Q.1 | Q 7.2 | Page 151

Correct the underlined word and rewrite the following sentence.
Internal factors of business are beyond control.

Exercise Q.1 | Q 7.3 | Page 151

Correct the underlined word and rewrite the following sentence.
Natural resources are related to political environment.

Exercise Q.1 | Q 7.4 | Page 151

Correct the underlined word and rewrite the following sentence.
Privatization helps for global village.

Exercise Q.1 | Q 8.1 | Page 151

Answer in one sentence:
Which factors are included in internal environment?

Exercise Q.1 | Q 8.2 | Page 151

Answer in one sentence:
What are the powers of legislature? 

Exercise Q.1 | Q 8.3 | Page 151

Answer in one sentence:
Which factor influence the economic condition of the Nation?

Exercise Q.1 | Q 8.4 | Page 151

Answer in one sentence:
Who possess the factors of production in socialist economy?

Exercise Q.1 | Q 8.5 | Page 151

Answer in one sentence:
In which environment are the methods and techniques of production included?

Exercise Q.1 | Q 8.6 | Page 151

Answer in one sentence:
When did Indian government launch New Economic Policy?

Exercise Q.1 | Q 8.7 | Page 151

Answer in one sentence:
What is useful to reduced political interference in industry?

Exercise Q.1 | Q 8.8 | Page 151

Answer in one sentence:
How is the boundary less world possible?

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Exercise Q.2 [Page 151]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.2 [Page 151]

Exercise Q.2 | Q 1 | Page 151

Explain the following term/concept.
Business environment.

Exercise Q.2 | Q 2 | Page 151

Explain the following term/concept.
Liberalization.

Exercise Q.2 | Q 3 | Page 151

Explain the following term/concept.
Privatization.

Exercise Q.2 | Q 4 | Page 151

Explain the following term/concept.

Globalisation.

Exercise Q.2 | Q 5 | Page 151

Explain the following term/concept.

Social environment.

Exercise Q.2 | Q 6 | Page 151

Explain the following term/concept.

Economic environment.

Exercise Q.2 | Q 7 | Page 151

Explain the following term/concept.

Political environment.

Exercise Q.2 | Q 8 | Page 151

Explain the following term/concept.

Internal environment.

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Exercise Q.3 [Pages 151 - 152]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.3 [Pages 151 - 152]

Exercise Q.3 | Q 1 | Page 151

Study the following case/situation and express your opinion.

1) The court passes an order to ban polythene bags as the bags are creating many environmental problems which affect the life of people in general.

2) Society in general is more concerned about the quality of life. The government decided to give a subsidy to the jute industry to promote this business.

  1. Identify the different dimensions of the business environment.
  2. Comment on it.
Exercise Q.3 | Q 2 | Page 151

Study the following case/situation and express your opinion.

Just after the declaration of the Lok Sabha 2014 result, the Bombay Stock Exchange Sensex rose by 1000 points in a day.

  1. Identify the environmental factor which led to this rise giving a reason.
  2. Explain any two other dimensions of the environment.
Exercise Q.3 | Q 3 | Page 151

Study the following case/situation and express your opinion.

Anchor company manufacturing light tubes increased expenditure on Scientific Research and Development and discovered a technology that made it possible to produce an energy-efficient light tube that lasts at least twenty times as long as a standard tube. It resulted in the growth and profitability of the company.

  1. Identify the dimension of the business environment.
  2. State importance of the business environment.
Exercise Q.3 | Q 4 | Page 151

Study the following case/situation and express your opinion.

Make in India is an initiative launched by the government of India. It focuses on job creation and skill development and it is in twenty-five sectors of the economy. Under the initiative, brochures on these sectors and web portal were released. The initiative aims at high quality standards and minimizing the impact on the environment. It also seeks to attract foreign capital investment in India.

  1. Identify dimensions of the business environment.
  2. Comment on it.
Exercise Q.3 | Q 5 | Page 152

Study the following case/situation and express your opinion.

The government of India is seriously thinking to allow oil marketing under the public sector, by fixing their own price for petroleum products.

  1. Name the economic reform related to this decision.
  2. Name the other two reforms recommended in the new economic policy.
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Exercise Q.4 [Page 152]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.4 [Page 152]

Exercise Q.4 | Q 1 | Page 152

Distinguish between the following.

Social Environment and Economic Environment.

Exercise Q.4 | Q 2 | Page 152

Distinguish between the following.

Political Environment and Legal Environment.

Exercise Q.4 | Q 3 | Page 152

Distinguish between the following.

Liberalization and Privatisation.

Exercise Q.4 | Q 4 | Page 152

Distinguish between the following.

Globalization and Liberalization.

Exercise Q.4 | Q 5 | Page 152

Distinguish between the following.

Privatization and Globalization.

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Exercise Q.5 [Page 152]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.5 [Page 152]

Exercise Q.5 | Q 1 | Page 152

Answer in brief.

State any four features of the Social environment.

Exercise Q.5 | Q 2 | Page 152

Answer in brief.

Describe any two factors of economic environment.

Exercise Q.5 | Q 3 | Page 152

Answer in brief.

State any four features of globalization.

Exercise Q.5 | Q 4 | Page 152

Answer in brief.

State any four reasons of the need for privatisation.

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Exercise Q.6 [Page 152]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.6 [Page 152]

Exercise Q.6 | Q 1 | Page 152

Justify the following statement:

External factors of business environment are beyond control.

Exercise Q.6 | Q 2 | Page 152

Justify the following statement:

Business firms should be aware of the changes in society.

Exercise Q.6 | Q 3 | Page 152

Justify the following statement:

Political stability builds up confidence among business people.

Exercise Q.6 | Q 4 | Page 152

Justify the following statement:

The economic environment has a direct influence on business.

Exercise Q.6 | Q 5 | Page 152

Justify the following statement:

Social trends provide business opportunities.

Exercise Q.6 | Q 6 | Page 152

Justify the following statement:

Adequate knowledge of rules and regulations is essential for better business performance.

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Exercise Q.7 [Page 152]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.7 [Page 152]

Exercise Q.7 | Q 1 | Page 152

Attempt the following:

Importance of business environment.

Exercise Q.7 | Q 2 | Page 152

Attempt the following:

Social Environment.

Exercise Q.7 | Q 3 | Page 152

Attempt the following:

Economic Environment.

Exercise Q.7 | Q 4 | Page 152

Attempt the following:

Political Environment.

Exercise Q.7 | Q 5 | Page 152

Attempt the following:

Impact of new economic policy on business and industry.

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Exercise Q.8 [Page 152]

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board Chapter 7 Business Enviroment Exercise Q.8 [Page 152]

Exercise Q.8 | Q 1 | Page 152

Answer the following.

What is the business environment? Explain the importance of the business environment.

Exercise Q.8 | Q 2 | Page 152

Answer the following.

Explain the new economic policy in details.

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Chapter 7: Business Enviroment

Exercise Q.1Exercise Q.2Exercise Q.3Exercise Q.4Exercise Q.5Exercise Q.6Exercise Q.7Exercise Q.8
Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board chapter 7 - Business Enviroment

Balbharati solutions for Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board chapter 7 (Business Enviroment) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Organisation of Commerce and Management (OCM) 11th Standard HSC Maharashtra State Board chapter 7 Business Enviroment are Concept of Business Environment, Importance of Business Environment, Dimensions of Business Environment, New Economic Policy and Business, Impact of New Economic Policy on Business Environment.

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