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-4 section-1

Assertion (A): In 1991, government decided to allow all foreign investments to any industry without any restrictions.
Reason (R): Government has enhanced the investment limit of small scale industrial units.

A) Both (A) and (R) are true and (R) is the correct explanation of (A) B) Both (A) and (R) are true, but (R) is not the correct explanation of (A) C) (A) is true, but (R) is false D) (A) is false, but (R) is true

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Answer & Solution

Answer: Option D

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Indicate what is incorrect in respect of the Consumer Protection Act, 1986?

A) No complaint can be entertained in respect of a product purchased more than 2 years back B) A complaint against medical negligence can be filed by legal heir or representative of the deceased C) A complaint involving a claim of Rs. 15 lakh is to be filed before the state commission D) Both A and C

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Answer & Solution

Answer: Option C

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Which among the following is not an international economic institution?

A) IMF B) IBRD C) ADB D) IFRS

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Answer & Solution

Answer: Option D

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The Foreign Investment Promotion Board (FIPB) revamps the rules and regulations pertaining to

A) Accounting of foreign investment B) Investment by NRIs C) Foreign investments D) All of the above

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Answer & Solution

Answer: Option C

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The 'balance of payments' of a country is a systematic record of

A) All import and transactions of a during a given period normally a year B) Goods exported from a country during a year C) Economic transaction between the government of one country to another D) Capital movements from one country to another

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Answer & Solution

Answer: Option C

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The basic objective of playing regulatory role by government is to:

A) Prevent the market structure from becoming monopolistic B) Developing the small and new entrepreneurs C) Promoting welfare of weaker sections of the society D) All of the above

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Answer & Solution

Answer: Option D

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Match the items of List I with the items of List-II and select the correct answer:

List-I	List-II
a. Rival firms	1. External environment
b. Technology	2. Social and cultural Environment
c. Improving quality	3. Internal environment
d. Ethics in business	4. Global environment

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

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Answer & Solution

Answer: Option C

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Which one of the following is not an element of internal environment?

A) Mission/Objectives B) Human resources C) Customers D) Shareholders values

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Answer & Solution

Answer: Option C

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In which one of the following modes of entry into foreign market are risk and profit potential the highest?

A) Indirect exporting B) Direct exporting C) Direct investment D) Joint venture

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Answer & Solution

Answer: Option C

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The companies having business in a large number of countries around the world at present are called

A) Transnational Corporations (TNCs) B) Multinational Corporations (MNCs) C) Global Corporations (GCs) D) Multinational Enterprises (MNEs)

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Answer & Solution

Answer: Option C

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