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-7

The following factors are key drivers of globalisation.

A) Government action, exchange rates, competition and socio-demographic factors B) Market convergence, competition, exchange rates and cost advantages C) Cost advantages, government action, economic cycles and competition D) Market, cost, competition and government policies

Discuss

Answer & Solution

Answer: Option A

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Indian Government has started diluted its stake in public enterprises. Which concept is being highlighted?

A) Globalisation B) Liberalisation C) Privatisation D) All of the above

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Answer & Solution

Answer: Option B

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International trade brings developing countries in contact with

A) developed nations B) underdeveloped countries C) low developed countries D) All of the above

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Answer & Solution

Answer: Option C

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Important factors considered in international product life cycle theory are

A) technological innovation B) market structure C) Both A and B D) Neither A nor B

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Answer & Solution

Answer: Option C

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Factor Endowment Theory of International Trade was propounded by

A) David Ricardo B) Bertil - Ohlin C) J. S. Mill D) C. P. Kindleberger

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Answer & Solution

Answer: Option B

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Counter-trade means:

A) A sort of bilateral trade where one set of goods is exchanged for another set of goods and a seller provides a buyer with deliveries B) A company takes full responsibility for making its goods available in the target market by selling directly to the end-users C) The companies in two separate sovereigns agree to exchange one set of goods for another set of goods D) A set of multilateral trade where one of goods and services may be exchanged for another set of goods and services among the trading partners

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Answer & Solution

Answer: Option A

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Compared to a fixed exchange rate system, an economy will benefit from a flexible exchange rate system because:

A) it enables businesses to vary their export prices B) governments will not have to deflate the economy when balance of payments deficits occur C) it reduces the cost of acquiring foreign exchange D) it ensures that businesses never become uncompetitive in international markets

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Answer & Solution

Answer: Option B

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Which of the following can not be included in socio-cultural factors of a business?

A) Changing preferences B) Demographics C) Poverty D) Techniques

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Answer & Solution

Answer: Option C

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Physical delivery of foreign exchange has to take place in case of

A) spot market B) forward market C) future market D) All of these

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Answer & Solution

Answer: Option A

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Foreign direct investment involves

A) intangible goods B) tangible goods C) human resource D) intellectual property

Discuss

Answer & Solution

Answer: Option B

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