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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-3 section-1

Each section contains 100 MCQs on Business Environment and International Business .
21
Which one is not an international organisation?
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
22
Statement I: WTO is only international organisation which deals with the rules of trade between organisations.
Statement II: The limit of holding by individual foreign institutional investors in a company has been raised from 5 to 10% of company's share while the aggregate limit has been increased from 24 to 34%.
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
23
The highest percentage of export from India went to which of the following regions in 2013-14?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
24
GOP at factor cost is:
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
25
Which one is not the form of FDI?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
26
Franchising is a practice of
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
27
Which one of the following matches correspond to the member and observer countries of the SAARC?
1. India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Afghanistan, Maldive
2. Iran, China, Japan, USA, South Korea, European Union
3. Pakistan, Nepal, India, Bangladesh, Iran
4. UK, USA, North Korea, South Africa
Select the correct answer:
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
28
Out of the following, which are the important objectives of IMF?
1. To promote exchange rate stability.
2. To create standby reserves.
3. To print international currency notes.
4. To establish a multilateral system of payments.
5. To maintain orderly exchange rate stability.
6. To create employment
Select the correct answer:
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
29
In international trade, which of the following is a non-tariff trade barrier?
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
30
Indicate the ground on which a complaint under the Consumer Protection Act, 1986 shall be invalid?
Discuss
Answer & Solution
Answer: Option B
Solution:
The correct answer is Option B: A service provided free of cost.
Let's break down why:
The Consumer Protection Act is designed to protect consumers who purchase goods or services for a price.
Option A: A product having short weight is a valid ground for complaint because you paid for a certain amount and didn't receive it.
Option C: A misleading advertisement given in newspaper is also a valid ground because it influenced your decision to purchase, and the product didn't live up to the claims.
Option B: A service provided free of cost, however, is generally not covered. The Act usually applies when there's a transaction involving payment. If you didn't pay for the service, you typically can't file a complaint under this Act.
Option D: None of the above is incorrect because options A and C *are* valid grounds.