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

What type of trade impact is encouraged when nations of a regional trading bloc try to harmonize economic policies and standards within member nations and reducing prices as trade restrictions are removed?

Business environment is formed by those institutions and power on which business have . . . . . . . . control.

If a tariff and import quota lead to equivalent increases in the domestic price of steel, then

Consider the following statements.
Statement I: TRIMs agreement refers to conditions or restrictions imposed on foreign investors.
Statement II: TRIMs agreement specifically forbids imposing restrictions on operations of an enterprise which result in protecting domestic products and making imports disadvantageous.

The capital account consists of

Which of the following can be cost of home countries?

Special Economic Zones (SEZ) have been created first time in the:

Which of the following statements are true in context of fiscal policy?
(i) Fiscal policy plays a key role in elevating the rate of capital formation both in the public and private sectors.
(ii) Fiscal policy helps mobilize considerable amount of resources for financing its numerous projects through taxation.
(iii) Fiscal policy helps in providing stimulus to elevate the savings rate.
(iv) Fiscal policy gives adequate incentives to the private sector to expand its activities.
(v) Fiscal policy aims to minimize the imbalance in the dispersal of income and wealth.

The most important assumption in the Heckscher-Ohlin theory of international trade?

Which of the following is the objective of WTO?