Business Environment and International Business MCQ Questions and Solutions with Explanations

Business Environment and International Business MCQ Questions and Solutions with Explanations | Commerce

Business Environment and International Business MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Business Environment and International Business MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-4

Which one of the following is not a feature of Business Process Outsourcing (BPO)?

A) It enables executives to concentrate on strategy B) It improves process and saves money C) It decreases organizational capabilities D) None of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

In recent years which among the following countries has been the largest source of foreign investment in India due to Double Taxation Avoidance Agreement?

A) Australia B) Japan C) China D) Mauritius

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following is not studied in business environment?

A) National income B) Cultural customs C) Management of business function D) All of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which of the following are modes of service supply of GATS?

A) Consumption abroad B) Cross border services C) Both A and B D) None of these

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

In balance of payment accounts, all goods exported and imported are recorded in

A) Capital A/c B) Visible A/c C) Invisible A/c D) Merchandise A/c

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Which one of the following is not correct?

A) Free Trade Area among a group of countries means that they eliminate import tariffs against one another but maintain their original tariff levels against the rest of the world B) Customs Union among a group of countries means that they eliminate import tariffs against one another, coordinate their macro policies and impose a common tariff wall against the rest of the world C) In a common market the member countries eliminate import tariffs against the rest of the world D) In an Economic Union, the member countries eliminate import tariffs against one another, allow free mobility to factors between them, coordinate their macro-policies and maintain a common tariff wall against the rest of the world

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Match the items given in List-I and List-Il.

List-I	List-II
a. Economic liberalization	1. IT-enabled services
b. Outsourcing	2. SFIO
c. Corporate frauds	3. Macro economic stability
d. Second generation reforms	4. Increased competition

A) a-1, b-2, c-3, d-4 B) a-1, b-3, c-2, d-4 C) a-2, b-3, c-4, d-1 D) a-4, b-1, c-2, d-3

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

The Ricardian theory of comparative advantages relates to

A) Short-run outcome B) Long-run outcome C) Intermediate outcome D) All the above

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Which one of the following treaties was covered by the Uruguay Round Negotiations?

A) General agreement on trade in services B) Trade-related intellectual property rights C) Trade-related investment measures D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

100

Match the items of List-I with the items in List-II and select a correct answer.

List-I	List-II
a. Vishesh Krishi Upaj Yojana I	1. scheme intended to reduce difficulties of exporters
b. EPCG	2. duty Entitlement Pass Book
c. DFRC	3. to boost exports of fruits, vegetables, flowers, minor forest produce, etc.
d. DEPB	4. relating to import of duty-free fuel

A) a-4, b-1, c-2, d-3 B) a-4, b-3, c-1, d-2 C) a-3, b-4, c-2, d-1 D) a-3, b-1, c-4, d-2

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board