Advertisements
Advertisements
प्रश्न
The government of India announced Demonetization of 500 and 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing 500 and 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of 500 and 2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale achines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of business environment highlighted above.
b. State the features of Demonetization.
उत्तर
a. The above case explains the economic environment of the business. The economic environment of the business refers to the changes in the system due to the economic policies made by the government. The Reserve Bank of India is an important regulator of the country's economic development.
b. Demonetisation refers to the withdrawal of the status of legal tender to the currency in circulation.
The features of demonetization are:
a. Demonetisation aimed at eliminating the stock of black money in the economy. Black money is unaccounted money. The people had to declare their unaccounted money and pay the tax as a penalty.
b. Since black money is there a root cause of bribery. This social evil was targeted to be removed from the foundation itself.
c. It also aimed at eliminating the counterfeit money. This type of money destabilizes the economy and increases the money in circulation leading to inflation.
d. It also targeted at keeping a check on the money laundering which refers to the hidden transfer of funds across the country.
e. It was expected to promote digital transactions in the economy. Fire the level of digital transactions means lower the level of cash transactions. It would shift the economy from a cash economy to a cashless economy
APPEARS IN
संबंधित प्रश्न
A recent rate cut in the interest on loans announced by the Banks encouraged Amit, a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education. He was awarded first prize for his invention.
Identify and explain the dimensions of business environment discussed in the above case.
National Digital Library of India (NDL India) is a pilot project initiated by the HRD ministry. It works towards developing a framework of virtual repository of learning resources with a single-window search facility. It provides support to all academic levels including researchers, life-long learners and differently-abled learners free of cost. State the dimensions of business environment highlighted above.
How would you characterize business environment? Explain with examples, the difference between general and specific environment.
What is meant by Macro Environment?
Answer the following question.
Mahinder Agro Ltd. started a new venture for the distribution of harmful and chemical fertilizers free vegetables. They conducted a survey to find out consumer preferences for such vegetables. They found that most of the consumers were concerned about the harmful chemicals being used in growing the vegetables. They found that 90% of the households were searching for its alternatives. The company contacted a group of agriculture experts to lay down the procedure for growing the vegetables by the farmers. They decided to train the farmers in new technology to grow chemical-free vegetables according to new innovative methods. The experts also suggested soil management techniques through which farmers would be able to create an abundant and lasting harvest.
Identify and explain the two dimensions of the business environment highlighted in the above para.
Advertisement of alcoholic beverages is prohibited. This is an example of ________.
Which of the following is an example of social environment?
Which factor is not included in Macro Environment?
As part of regulations to be followed by advertisers, the advertisement for a new brand of baby food for infants provides important information for potential buyers that it is “Not recommended for infants under the age of four months”. Which dimension of the business environment is highlighted in the above statement?
Read the following text and answer the following question on the basis of the same:
The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine-free Coca-Cola, Diet Coke Caffeine-free, Coca-Cola Zero Sugar, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design, and creative advertising.
Which business environment did Coca-Cola majorly tap into?
Which of the following items is a component of economic environment?
With a revolution taking place in the manufacturing of mobile phones with super class cameras, the business of cameras in the consumer market has taken a hit. Studies show that mobile phone photography has devastated the camera industry.
The dimension of business environment highlighted in the above case is:
Which one of the following is NOT a component of the legal environment?
What is meant by technological environment?
Explain any two components of the Technological Environment.
Organisation and development of financial market has created a surge in primary and secondary capital market.
Which dimension of Macro environment is referred to in this statement?
Criya Automobiles Ltd. plans to increase its production services in India, hence they want to analyse the economic environment of the business. Which one of the following factors should the company focus on?
