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-2
Each section contains 100 MCQs on
Business Environment and International Business .
Currently, in which areas is FDI in India prohibited?
1. Atomic energy
2. Lottery business
3. Gambling and betting
4. Chit fund trade
5. Nidhi company
6. Home and real estate business
7. Construction of cigars and business
8. Metro rail
Under the Foreign Trade Policy 2015-2020, which of the following additional ports are allowed for export and import?
(1) Calicut Airport, Kerala
(2) Rajkot Airport, Gujarat
(3) Arakonam lCD, Tamil Nadu
(4) Ludhiana Airport, Punjab
Assertion (A): The gains from trade are determined by the terms of trade. Reason (R): The gains from trade depend on the differences in comparative cost rations.
It is said that freedom of private enterprise is the greatest in the free market economy. Which of the following assumptions is true in this context?
(i) Land, labour, and capital are integrated with the help from private enterprise.
(ii) Income is received in monetary form by the sale of services of the factors of production and from the profits of the private enterprise.
(iii) Members of the free-market economy have freedom of choice in so far as consumption, occupation, savings, and investments are concerned.
(iv) The free-market economy is not planned, controlled or regulated by the government.
(v) The free-market economy is prone to corrupt practices.
BRICS is the acronym of Brazil, Russia, India, China and South Africa. They set up New Development Bank. At which of the following places, this bank is located?
