Match the items of Column – I with those of Column – II : Codes :Column – I Column – II a. Exchange control i. Adverse BOP b. Price control ii. Domestic firms c. Import control iii. Mass consumption product d. Legislative control iv. Industrial location
Economic Controls Matching: Column I & II
This question requires matching different types of economic controls from Column I with their corresponding effects or applications in Column II.
Analysis of Matches:
- a. Exchange control relates to ii. Domestic firms. Exchange controls directly impact the operations and financial dealings of domestic businesses involved in international trade.
- b. Price control relates to iii. Mass consumption product. Price controls are commonly implemented for essential goods that are widely purchased by the general public.
- c. Import control relates to i. Adverse BOP. Restrictions on imports are often used as a tool to manage or improve a country's Balance of Payments (BOP) deficit.
- d. Legislative control relates to iv. Industrial location. Laws enacted by the government frequently regulate and determine the permissible locations for industrial establishments.
Correct Matching:
The confirmed pairings are:
- a – ii
- b – iii
- c – i
- d – iv
This corresponds to Option 4.
Important Questions from Concepts and elements of business environment
Which of the following is NOT an external factor acting as a barrier to entrepreneurship?
There are various impacts of government policy changes on business and industry. Out of the following options, which is NOT true about the given statement?
- Marketers should be aware of laws, government agencies, and pressure groups that influence or limit various organizations and individuals in a given society. This is most accurately described as which one of the following environment ?
Match the items of List I with the items of List II and choose the correct answer from the code given below.
List I List II (a) Rival Firms (i) External environment (b) Technology (ii) Social and Cultural Environment (c) Improving Quality (iii) Internal Environment (d) Ethics in Business (iv) Global Environment For the following two statements regarding infrastructural services in the country, choose the correct code for the statements being correct or incorrect.
Statement I: Most infrastructure services are provided by public monopolies which generally suffer with severe problems like lack of accountability, low productivity, poor financial performance and over-employment.
Statement II: There is a need now to induce more private sector investment and participation in sharing, accountability, monitoring and management of infrastructure sector.
