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-3 section-6

Match the items of List-I with List-II and indicate the correct answer.

List-I	List-II
a. Fiscal Policy	1. Mitigation of National hazards
b. Technology Policy	2. Balance of Payment
c. Macro-Economic Policy	3. Fiscal Federalism
d. Monetary Policy	4. Inflation

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

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Answer: Option B

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Which of the following statements is/are correct?

A) The IMF financial years ends on 30^th April B) Currently, IMF has 197 members upto 30^th June, 2011 C) Both A and B D) None of the above

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Answer: Option A

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Which statement is true in relation to the way of the arrival of foreign direct investment in India?

A) Automatic route in called Delhi route B) FIPB works under the ministry of industry C) In relationship to FDI coming through automatic route, no prior approval in required from the government or the Reserve Bank D) FIPB is authorised to approve the investment of upto 1,200 crore

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Answer: Option C

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. . . . . . . . of business activities is done in business environment.

A) Management B) Planning C) Coordination D) None of these

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Answer: Option A

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Mercantilism was known as . . . . . . . . in France.

A) colbertism B) physiocratism C) cameralism D) None of the above

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Answer: Option A

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Long-term financial assistance for development purpose is provided by

A) IMF B) World Bank C) ADB D) WTO

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Answer: Option B

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Match the following.

List-I	List-II
a. The Essential Commodities Act	1. 1937
b. Agricultural Products Grading and Marketing Act	2. 1958
c. The Prevention of Food Adulteration Act	3. 1955
d. Trademarks and Merchandise Marks Act	4. 1954

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

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Answer: Option B

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The . . . . . . . . environment is composed of laws, government agencies and pressure groups.

A) demographic B) economic C) social-culture D) political-legal

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Answer: Option D

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Which of the following statements in relation to the Five Forces framework is correct?

A) the framework assists in developing a broad perspective on the environment within which an organization is operating B) it is not appropriate in public sector management C) the framework is a means of identifying the forces which affect the level of competition in an industry or sector D) the framework identifies the major stakeholders of an organization

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Answer: Option C

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A stable and dynamic political environment is indispensable for

A) business growth B) enhancing the export C) increasing participation D) Both A and B

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Answer: Option A

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