Business Environment And International Business — Part 2 MCQs with Explanations

a-3, b-1, c-4, d-2 is the correct answer to “Match the items of List I with the items of List-II and select the correct answer: List-I List-II a. Rival firms 1. External environment b. Technology 2. Social and cultural Environment c. Improving quality 3. Internal environment d. Ethics in business 4. Global environment”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Customers is the correct answer to “Which one of the following is not an element of internal environment”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Direct investment is the correct answer to “In which one of the following modes of entry into foreign market are risk and profit potential the highest”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Global Corporations (GCs) is the correct answer to “The companies having business in a large number of countries around the world at present are called”. This question is standard in competitive examination syllabi for Business Environment And International Business.

MNREGA is the correct answer to “The Flagship Project of Government of India launched for generating guaranteed employment in rural areas is known as”. This question is standard in competitive examination syllabi for Business Environment And International Business.

FII invests in technology-oriented enterprises, whereas FPI invests in traditional business setups is the correct answer to “Both foreign direct investment (FDI) and foreign portfolio investment (FPI) are related to investment in a country. Which of the following is incorrect regarding FDI and FPI”. This question is standard in competitive examination syllabi for Business Environment And International Business.

The nation is now practically offering its products and services at a cheaper price in a foreign nation is the correct answer to “If the currency of Rupee decreases against the US $, then what does it mean for the price of products of that nation in foreign country”. This question is standard in competitive examination syllabi for Business Environment And International Business.

None of the above is the correct answer to “Environmental degeneration does not consist of”. This question is standard in competitive examination syllabi for Business Environment And International Business.

GATT is the correct answer to “Uruguay Round pertains to”. This question is standard in competitive examination syllabi for Business Environment And International Business.

a-1, b-2, c-3, d-4 is the correct answer to “Match the following in the term of Books and Authors : Books Authors a. India and Economic Reforms 1. Bhagwati. J. b. Development Planning: The Indian Experience 2. Chakravarty. S. c. India: Economic and Development and Social Opportunity 3. Drenz, J. Amartya Sen d. Fiscal Policy of Underdeveloped Countries 4. Chelliah, R. J.”. This question is standard in competitive examination syllabi for Business Environment And International Business.

1, 2, 3 and 5 is the correct answer to “The important objectives of WTO are 1. To improve the quality of technology in the member countries. 2. To improve the standard of living of people in the member countries. 3. To ensure full employment and broad increase in effective demand. 4. To enlarge production and trade of goods. 5. To increase trade of services. Select the correct answer:”. This question is standard in competitive examination syllabi for Business Environment And International Business.

To increase liquidity in economy is the correct answer to “Which of the following is not the main objective of 'Fiscal Policy of India'”. This question is standard in competitive examination syllabi for Business Environment And International Business.

1, 3 and 4 is the correct answer to “Foreign investment can be made through which of the following routes? 1. Foreign Direct Investment (FDI) 2. Foreign Portfolio Investment (FPI) 3. Private Equity Investment (PEI) 4. Foreign Venture Capital Investors (FVCI) Choose the correct answer”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Services provided under contract of personal service is the correct answer to “Which of the following are outside the scope of the Consumer Protection Act, 1986”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Statement I is true, but Statement II is false is the correct answer to “Statement I: Companies with low cash reserves normally prefer licensing mode rather than foreign direct investment. Statement II: Cash rich firms normally prefer foreign, direct investment.”. This question is standard in competitive examination syllabi for Business Environment And International Business.

USA, Canada, Mexico is the correct answer to “NAFTA came into force from January, 1994 embracing”. This question is standard in competitive examination syllabi for Business Environment And International Business.

a-2, b-3, c-1, d-4 is the correct answer to “Match the items of List II and with the items of List I relating to WTO impact: List-I List-II a. NAMA 1. Liberalisation of international investments. b. GADS 2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries. c. TRIMs 3. Liberalisation of trade in goods and services. d. TRIPs 4. Provides monopoly power to owners of intellectual property”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Heckscher and Bertil Ohlin is the correct answer to “The theory suggesting that the patterns of international trade are determined by factor endowment rather than productivity was propounded by which one of the following”. This question is standard in competitive examination syllabi for Business Environment And International Business.

1, 2 and 4 is the correct answer to “Which of the following have been recognised under the intellectual property eligible for creation of rights as per WTO mandate? 1. Computer software, music disc, performing art 2. Geographical indicator 3. Global positioning system 4. Journals, books, seeds, design, brand Select the correct answer:”. This question is standard in competitive examination syllabi for Business Environment And International Business.

The inflow of capital investment by multinational companies is the correct answer to “The current account of the balance of payments includes all of the following items except which one”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Gems and jewellery is the correct answer to “Which one among the following has the largest share of exports from India”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Public sector has been withdrawing partially or fully from several of the enterprises by divestment is the correct answer to “Which of the following is not the salient feature of the industrial policy developments since 1991”. This question is standard in competitive examination syllabi for Business Environment And International Business.

a-2, b-4, c-1, d-3 is the correct answer to “Match List-I with List-II and select the correct answer: List-I List-II a. Political and legal environment 1. Important for industries directly depending on imports or exports b. Demographic environment 2. Close relationship with the economic system and economic policy c. Economic environment 3. Related to natural resources d. Geographical and ecological environment 4. Occupational and spatial mobilities of population having implications for business”. This question is standard in competitive examination syllabi for Business Environment And International Business.

1, 2 and 3 is the correct answer to “Consider the following statements in the context of Trade Related Investment Measures (TRIMs). 1. All restrictions on foreign capital companies are to be scrapped 2. No restriction will be imposed on any area of investment 3. Imports of raw material are to be allowed freely 4. Emport of part of the output will be mandatory Which of the above statements are correct”. This question is standard in competitive examination syllabi for Business Environment And International Business.

To facilitate the expansion and balanced growth of international trade is the correct answer to “Which one of the following is not the basic function of WTO”. This question is standard in competitive examination syllabi for Business Environment And International Business.

TRAI is the correct answer to “Out of the following which one is not related with WTO”. This question is standard in competitive examination syllabi for Business Environment And International Business.

a-3, b-1, c-2, d-4 is the correct answer to “Match List-I with List-II and select the correct answer: List-I List-II a. Fiscal policy 1. Mitigation of national hazards b. Technology policy 2. Balance of payment c. Macro-economic policy 3. Fiscal federalism d. Monetary policy 4. Inflation”. This question is standard in competitive examination syllabi for Business Environment And International Business.

All of the above is the correct answer to “Which of the following statement/s is/are true in context of WTO”. This question is standard in competitive examination syllabi for Business Environment And International Business.

2 and 3 is the correct answer to “Which of the following pairs of GATT rounds and the associated years are correctly matched? 1. First Round ⇔ 1948 2. Kennedy Round ⇔ 1964-67 3. Tokyo Round ⇔ 1973-79 Select the correct answer:”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Clear origin of goods and services is the correct answer to “Which of the following is not ensured to the consumer in the globalization”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Balance of current account + Balance of capital account + Statistical discrepancy is the correct answer to “In computation of balance of payments, overall balance of paymems is equal to”. This question is standard in competitive examination syllabi for Business Environment And International Business.

a-3, b-1, c-4, d-2 is the correct answer to “Match List-I with List-II and select the correct answer: List-I List-II a. Industries Development Regulation Act 1. 1947 b. Import and Export Control Act 2. 1948 c. Foreign Exchange Management Act 3. 1951 d. Factories Act 4. 1999”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Both (A) and (R) are correct and (R) is the right explanation of (A) is the correct answer to “Consider the following statements. Assertion (A): The 'Balance of Payments' presents a classified record of all receipts on account of goods exported, services rendered and capital received by 'residents' and payments made by them on account of goods imported and services received from capital transferred to 'non-residents' or 'foreigners'. Reason (R): The 'Balance of Payments' of a country is a systematic record of all economic transactions between the 'residents' of a country and the rest of the world.”. This question is standard in competitive examination syllabi for Business Environment And International Business.

a-3, b-4, c-2, d-1 is the correct answer to “Match the items of List I with the items of List-II and choose the correct answer: List-I List-II a. Direct investment overseas aimed at manufacturing products not manufactured by the firm in the home country 1. Inward FDI b. Direct investment in a foreign country aimed to sell the output of the firm's domestic production 2. Backward Vertica FDI c. Direct investment overseas aimed at providing inputs for the firms production process in the home country 3. Conglomerate FDI d. Foreign firms investing overseas and taking control over foreign assets 4. Forward Vertical FDI”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Both (A) and (R) are correct and (R) is the correct explanation of (A) is the correct answer to “Assertion (A): Comparative cost theory is static in character. Reason (R): Comparative cost theory is based on fixed supplies of factors of production”. This question is standard in competitive examination syllabi for Business Environment And International Business.

All of the above is the correct answer to “Globalization is a term used to describe the process of removal of restrictions on which of the following”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Given direction is the correct answer to “Strategies and policies”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Balance of trade plus net invisible exports is the correct answer to “The balance of payments of a country on Current Account is equal to:”. This question is standard in competitive examination syllabi for Business Environment And International Business.

A is true, but R is false is the correct answer to “Assertion (A): Amended Patent Act, in compliance with WTO, provides for grant of product patent as well as a process patent for a period of 20 years from the date of application. Reason (R): Under the Act, patent may be granted to an invention which means a new product or process involving an inventive step and capable of industrial application, a technical advance over existing knowledge.”. This question is standard in competitive examination syllabi for Business Environment And International Business.

Both (A) and (R) are true and (R) is not the correct explanation of (A) is the correct answer to “Assertion (A): Operating style of the international business can be spread to the entire globe. Reason (R): The style is limited to the internal economy only.”. This question is standard in competitive examination syllabi for Business Environment And International Business.