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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-5

Each section contains 100 MCQs on Business Environment and International Business .
31
Which one of the following service is not covered under Consumer Protection Act?
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Answer & Solution
Answer: Option A
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32
The balance of payment is an . . . . . . . . system.
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Answer & Solution
Answer: Option B
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33
Business conglomerates have different names in different countries. Which country's conglomerates are called 'Chaebols'?
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Answer & Solution
Answer: Option B
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34
Which of the following expressions amount to the import restriction measures?
(i) currency control
(ii) establishment of EPZs
(iii) tariff cuts
(iv) imposition of tariffs
(v) imposition of non-tariff barriers
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Answer & Solution
Answer: Option B
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35
What is the importance of globalisation for multinational firms?
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Answer & Solution
Answer: Option D
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36
Which of the following statements is/are incorrect?
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Answer & Solution
Answer: Option C
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37
If a country has deficit in balance of current account, balance of capital account will be
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Answer & Solution
Answer: Option B
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38
Consumers have the right:
(i) to be protected against goods and services that are hazardous to life and property
(ii) to be assured, wherever possible, of access to a variety of goods and services at national price.
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Answer & Solution
Answer: Option A
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39
Match the items of List-I with items in List-II and select a correct answer:
List-I List-II
a. Current account 1. Official capital
b. Capital account 2. Reserves from foreign countries
c. Unilateral payments 3. Reparations
d. Official statement account 4. Visible exports and imports
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Answer & Solution
Answer: Option C
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40
Globalisation is a process of integration of world economics to realise the benefits of geography, demography, cost and efficiency. Which three characteristics represent globalisation?
1. Increasing space
2. Shrinking space
3. Strengthened borders
4. Shrinking time
5. Disappearing borders
Select the correct answer using the options given below
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Answer & Solution
Answer: Option D
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