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Business Environment And Law - Business Environment

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31. Which law emphasized the importance of continuous development and expansion of export-oriented production?

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32. Consumers have the rights
(i) to be protected against goods and services that are hazardous to life and property

(ii) to assure wherever possible access to a variety of goods and services at national prices.

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33. Reasons for adopting globalization

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34. Read the following statements and choose the correct answer
(i) Political environment refers to all forces which have an economic impact on business

(ii) Economic environment refers to all forces which have an economic impact on business

(iii) Technological Environment exercise not considerable influence on Business

(iv) Social and cultural environment refers to the influence exercised by certain factors

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35. Which is true for existing Economic and Industrial Policies of the Indian Government?
(i) FERA was abolished

(ii) MRTP was abolished

(iii) Cash compensatory support for export was abolished

(iv) Industrial Licensing (except a few goods) was abolished

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