Business Environment and International Business MCQ Questions and Solutions with Explanations

31

If the consumer price index rises, it shows that:

A) the value of the currency has increased B) the real consumer income has fallen C) the prices of all products have risen in the economy D) the purchasing power of money has decreased

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Answer & Solution

Answer: Option C

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32

Which of the following are major objectives that engage companies in international business?

A) To expand sales B) To acquire resources C) To diversify sources of sales and supplies D) All of the above

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Answer & Solution

Answer: Option D

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33

Consider the following statements about the Foreign Trade Policy 2015-20 are correct?
(1) This policy focuses on boosting exports and create jobs while supporting the Centre's 'Make in India and Digital India' programs.
(2) The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export.
(3) The policy is to move towards paperless working in 24 × 7 environments.
(4) The policy comes at a time when export growth contracted 15% in February 2014-15, reporting a negative growth for the third consecutive month.

A) 1 and 2 are correct B) 2 and 3 are correct C) 1, 2 and 4 are correct D) All of the above are correct

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Answer & Solution

Answer: Option D

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34

Globalization is the term used to describe process of removal of restriction on which of the following?

A) Foreign trade B) Investment C) Both A and B D) None of the above

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Answer & Solution

Answer: Option C

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35

Consider the following statements.
Assertion (A): Industrialization of an economy is considered synonymous with growth.
Reason (R): The transfer of resources from agrarian to industrial may be capital or labour or both.

A) Both (A) and (R) are true and (R) is 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 B

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36

Which of the following statements is/are incorrect?

A) ASEAN was established in Bangkok B) ASEAN had originally 6 members countries C) Combodia joined ASEAN on 23^rd July, 1997 D) None of the above

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Answer & Solution

Answer: Option A

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37

Which one of the following statements is NOT correct?

A) Trade between two countries can take place when their supply and demand conditions are identical B) Trade between two countries can take place with different supply conditions and similar demand conditions C) Trade between two countries can take place with identical supply conditions and dissimilar demand conditions D) Trade between two countries can take place with different supply and demand conditions

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Answer & Solution

Answer: Option A

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38

Which of the following is not a part of economic environment?

A) Economic policy B) Financial market C) Economic inequality D) All of these

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Answer & Solution

Answer: Option B

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39

All of the following are benefits which all countries gain when adopting a single currency such as Euro, except:

A) reduced transaction cost B) increased price transparency C) lower Interest rates D) reduced exchange rate uncertainty

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Answer & Solution

Answer: Option C

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40

Brunei Darussalam joined ASEAN on

A) 23^rd July, 1997 B) 8^th January, 1984 C) 30^th April, 1999 D) None of these

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Answer & Solution

Answer: Option C

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