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-2 section-3

Which of the following does not fall within the jurisdiction of MRTP Commission?

A) Prevention of monopolistic trade practices B) Prevention of restrictive trade practices C) Prohibition of unfair trade practices D) Regulation of combinations

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Answer & Solution

Answer: Option D

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Each Governor of IMF has got the right of

A) 250 votes + One additional vote for each SDR 1,00,000 of Quota B) 253 votes + One additional vote for each SDR 2,00,000 of Quota C) 244 votes D) 267 votes

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Answer & Solution

Answer: Option A

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Reserve Bank of India controls the activities of some of the following banks in India
(i) Commercial Banks
(ii) Cooperative Banks
(iii) Foreign Banks
(iv) Rural Banks

A) (i), (ii) and (iii) B) (i), (iii) and (iv) C) (ii), (iii) and (iv) D) (i), (ii), (iii) and (iv)

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Answer & Solution

Answer: Option D

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Which of the following is not an environmental force, which must be monitored by marketers?

A) Demographic B) Natural C) Political-legal D) Mega trends

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Answer & Solution

Answer: Option D

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In the context of which of the following do you sometimes find the terms amber box, blue box and green box in the news?

A) WTO affairs B) SAARC affairs C) UNFCCC affairs D) India-EU negotiations on PTA

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Answer & Solution

Answer: Option A

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Special Drawing Rights (SDRs) is the currency of IMF. This is in the form of

A) Paper currency B) Gold C) Silver and gold both D) Book-keeping entry only

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Answer & Solution

Answer: Option D

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Match the following.

List-I (IMF Facilities)	List-II (Features)
a. Stand by arrangements	1. Overcoming BoP difficulties
b. Extended fund facility	2. To provide short-term BoP assistance for deficit of a temporary and cyclical nature
c. Poverty, reduction and growth facility	3. It is aimed at preventing the spread of crisis
d. Contingent credit lines facility	4. To support programmes to strength substantially and in suitable manner BoP positions

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

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Answer & Solution

Answer: Option C

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The World Bank provides long-term loans for various development projects of . . . . . . . . duration.

A) 5-20 years B) 10-30 years C) 3-15 years D) None of these

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Answer & Solution

Answer: Option A

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Consider the following statements.
Assertion (A): TRIPS requires an understanding about the scope of the new patent regime.
Reason (R): Patent protection will be extended to microorganisms, non-biological and microbiological processes and plant varieties.

A) (A) and (R) are not related with each other B) (R) is related with (A) C) (A) is independent of (R) D) While (R) is related with TRIMS, (A) is related with TRIPS

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Answer & Solution

Answer: Option A

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Additional risk that have to be taken care of, while trading across nations are

A) exchange risk B) country risk C) Both A and B D) Neither A nor B

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Answer & Solution

Answer: Option D

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