Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

What is a characteristic of the post-1991 market forces?

Options:

Decreased necessity for change

Relatively stable policies and practices

Turbulence requiring continuous modification

Limited impact on enterprises' operations

Correct Answer:

Turbulence requiring continuous modification

Explanation:

In a regulated environment of pre 1991 era, the firms could have relatively stable policies and practices. After 1991, the market forces have become turbulent as a result of which the enterprises have to continuously modify their operations