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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-5 section-2

Each section contains 100 MCQs on Business Environment and International Business .
41
The World Trade Organization has all of the following functions except which one?
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Answer & Solution
Answer: Option B
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42
Which of the following is the basic objective of the World Bank?
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Answer & Solution
Answer: Option B
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43
An MNC that maintains a balance between the home market and host market-oriented policies is
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Answer & Solution
Answer: Option C
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44
A Central Consumer Protection Council established by the
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Answer & Solution
Answer: Option B
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45
Which of the following can be defined as the component/s of Liquidity Adjustment Facility?
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Answer & Solution
Answer: Option C
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46
World Trade Organization is located in Geneva, Switzerland and it has 164 members. WTO was created on 1st January 1995 by:
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Answer & Solution
Answer: Option B
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47
Match the following legislations with the year of their enactment:
List-I List-II
a. Industries (Development and Regulation) Act 1. 1969
b. Foreign Exchange Management Act 2. 1951
c. Securities Exchange Board Of India Act 3. 1999
d. Monopolies and Restrictive Trade Practices Act 4. 1992
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Answer & Solution
Answer: Option C
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48
Globalisation of financial services is being promoted by
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Answer: Option D
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49
Assertion (A): Free international trade necessarily lowers the real wage of the scarce factor of production in terms of any good.
Reason (R): If the real wage declines in terms of every good, real income must suffer regardless of the tastes and expenditure patterns of the labourer as consumers.
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Answer: Option A
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50
Match the following.
List-I List-II
a. FOB basis 1. Means of international payment
b. Official reserves 2. Price paid for insurance and shipment of goods should not be included as part of value of goods either by exporter or importer
c. Balance of payment manual 3. Principles or concepts to be followed by countries while compiling BoP data to ensure consistency
d. Bill of lading 4. Document of title of sale of goods
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Answer & Solution
Answer: Option A
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