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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-4 section-2

Each section contains 100 MCQs on Business Environment and International Business .
31
Which one of the following receipts is of revenue nature?
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Answer & Solution
Answer: Option B
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32
Consider the following statements.
Assertion (A): International business focuses on global resources, opportunities to buy/sell worldwide.
Reason (R): The efforts of IMF, World Bank and WTO to liberalise their economies led to globalization.
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Answer & Solution
Answer: Option A
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33
Which of the following statements is/are incorrect?
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Answer: Option C
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34
Match List-I and List-II and select the correct answer using the option given below the lists.
List-I List-II
a. Free trade area 1. No restriction on trade and factor movement
b. Customs union 2. Trade is free and no customs duties
c. Common market 3. No customs duties; duties on non-members
d. Economic union 4. Advanced stage of integration
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Answer: Option C
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35
The . . . . . . . . include the value of merchandise exports and the value of merchandise imports.
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Answer: Option A
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36
Which of the following is not a equipment of monetary policy?
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Answer: Option D
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37
Consider the following statements.
Assertion (A): The fall in aggregate expenditure or aggregate demand in the economy works to reduce imports and help in solving the balance of payment problems.
Reason (R): The important way to reduce imports and thereby reduce deficit in balance of payments is to adopt monetary and fiscal policies that aim at reducing aggregate expenditure in the economy.
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Answer: Option A
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38
In relation to the 'veil of incorporation' that is a feature of a limited company's separate legal personality, in which of the following circumstances will a court not lift the veil to identify the true nature of the relationship?
1. Where the company has been established to commit a fraud. 2. Where the company has been established to contractual agreements.
3. In the interests of Justice.
4. Where two separate legal entities are run as one economic undertaking.
Select the correct answer using the options given below
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Answer: Option A
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39
Government regulation of business is basically intended to
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Answer: Option D
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40
To ensure the validity of Heckscher-Ohlin theory of trade to be valid, the relative factor endowments of two countries should be
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Answer & Solution
Answer: Option B
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