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-5

Concessions mainly multinational in character come under the principle of

A) Non-discrimination B) Reciprocity C) Market Access D) Fair Competition

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Answer & Solution

Answer: Option B

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Consider the following statements.
Assertion (A): WTO is seeking to create free trade.
Reason (R): There is apprehension that a regional trading bloc such as EU can lead to protectionism.

A) Both (A) and (R) are correct and (R) is the right explanation of (A) B) Both (A) and (R) are correct, but (R) is not the right explanation of (A) C) (R) is correct, but (A) is not correct D) Both (A) and (R) are incorrect

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Answer & Solution

Answer: Option A

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Who has shown how international trade leads to equalisation of factor prices?

A) J. M. Keynes B) Bertil Ohlin C) David Ricardo D) None of these

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Answer & Solution

Answer: Option B

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Match the items given in List-I with the most appropriate items in List-II:

List-I	List-II
a. UNCTAD	1. Foreign investment
b. WTO	2. Developing Countries
c. TRIMS	3. UNDP
d. ITC	4. General Council

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

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Answer & Solution

Answer: Option A

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In 1958, bank established . . . . . . . . for providing specific economic assistance to India.

A) India Aid Club B) India Development Forum C) Both A and B D) None of the above

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Answer & Solution

Answer: Option C

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According to Michael Porter, which of the following can be identified as four determinants of national competitive advantage?
(1) Factor Conditions
(2) Demand Conditions
(3) Firm Strategy, Structure and Rivalry
(4) Related and Supporting Industries
(5) Financial Conditions
(6) Export Industry

A) 1, 2, 4 and 5 B) 2, 3, 4 and 6 C) 1, 2, 3 and 4 D) 2, 3, 4 and 5

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Answer & Solution

Answer: Option C

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The WTO covers

A) intellectual property B) services C) goods D) Both A and B

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Answer & Solution

Answer: Option D

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Which of the following is the best example of agreement between oligopolists?

A) GATT B) OPEC C) WTO D) UNIDO

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Answer & Solution

Answer: Option A

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Factors/Elements of business generally depends on which environment?

A) Social B) Natural C) Human D) Physical

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Answer & Solution

Answer: Option B

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100

Which of the following is/are the type of exporting?

A) Direct exporting B) Indirect exporting C) Both A and B D) None of the above

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Answer & Solution

Answer: Option C

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