Business Environment and International Business MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7

91.
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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92.
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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93.
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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94.
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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95.
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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96.
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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97.
The WTO covers

A. intellectual property

B. services

C. goods

D. Both A and B

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98.
Which of the following is the best example of agreement between oligopolists?

A. GATT

B. OPEC

C. WTO

D. UNIDO

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99.
Factors/Elements of business generally depends on which environment?

A. Social

B. Natural

C. Human

D. Physical

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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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1 2 3 4 5 6 7 8 9 10

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

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

91. Concessions mainly multinational in character come under the principle of

Answer & Solution

92. 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.

Answer & Solution

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

Answer & Solution

94. 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

Answer & Solution

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

Answer & Solution

96. 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

Answer & Solution

97. The WTO covers

Answer & Solution

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

Answer & Solution

99. Factors/Elements of business generally depends on which environment?

Answer & Solution

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

Answer & Solution

Read More Section(Business Environment and International Business)

91.
Concessions mainly multinational in character come under the principle of

92.
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.

93.
Who has shown how international trade leads to equalisation of factor prices?

94.
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

95.
In 1958, bank established . . . . . . . . for providing specific economic assistance to India.

96.
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

97.
The WTO covers

98.
Which of the following is the best example of agreement between oligopolists?

99.
Factors/Elements of business generally depends on which environment?

100.
Which of the following is/are the type of exporting?