Business Landscape in India
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Questions and Answers

What does the term 'business' encompass?

  • Organised activities and efforts of groups or individuals in selling services and goods for profit (correct)
  • Unorganised activities of individuals in selling services and goods for profit
  • Activities of non-profit organisations in selling services and goods
  • Activities of individuals in selling services and goods without profit

    • What was the situation of businesses in India regarding banking systems?

  • They had to avail an indigenous banking system (correct)
  • They had their own private banking system
  • They had access to advanced international banking systems
  • They were not allowed to use any banking system

    • What has the present business landscape undergone?

  • Slight modification
  • Massive change (correct)
  • Complete stagnation
  • No change at all

    • What is the primary objective of businesses according to the text?

    <p>Selling definite services and goods with a profit objective</p> Signup and view all the answers

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