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-5 section-6

Official reserves are comprised of gold, SDRs and . . . . . . . . foreign exchange.

A) non-convertible B) convertible C) semi-convertible D) All of these

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Answer & Solution

Answer: Option B

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From the following, identify the tools of fiscal policy.
(i) Public expenditure
(ii) Open market operations
(iii) Deficit financing
(iv) Taxation
(v) Reserve requirements

A) (i), (iii), (iv) and (v) B) (i), (ii), (iv) and (v) C) (ii) and (v) D) (i), (iii) and (iv)

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Answer & Solution

Answer: Option D

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Which of the following statement is not true?

A) Financial institutions are main elements of internal business environment B) Economic system affects economic environment of business C) If illegal buying and selling of goods does not comes under business D) Legal environment of business is the part of political environment

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Answer: Option A

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Relation between economic environment and policy is

A) work and reason B) ractor and analog C) analog and factor D) None of these

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Answer & Solution

Answer: Option C

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PEST is an acronym which stands for

A) Product, Economy, Society, Technology B) Political, Economic, Societal, Technological C) Political, Economic, Social, Technological D) People, Economy, Standards, Transport

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Answer & Solution

Answer: Option C

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In respect of international business, a project is called a turnkey project because:

A) The licensee agrees to construct an entire plant in his home county and hands over the key B) The licensor starts the operation and hands over the key of the operating plant to the licensee C) The licensor starts the operation and then invites the licensee and hands over the key to complete the remaining work D) The licensor and the licensee jointly carry out the project and agree to share profit equally

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Answer & Solution

Answer: Option B

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Laissez faire policy is adopted in

A) Socialistic economic system B) Capitalistic economic system C) Mixed economic system D) Communist economic system

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Answer & Solution

Answer: Option A

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Consider the following statements.
Assertion (A): Economic integration abolishes cross-national economic discrimination.
Reason (R): Geographical proximity is an important reason for economic integration.

A) (R) does explain (A) B) Both (A) and (R) are correct C) Both (A) and (R) are not correct D) (A) is correct, but (R) is not correct

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Answer & Solution

Answer: Option B

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Which of the following is/are the assumptions of the Law of One Price?
(i) Restriction on the movement of goods between countries
(ii) No transportation costs
(iii) No tariffs

A) Both (i) and (ii) B) Only (i) C) Both (ii) and (iii) D) (i), (ii) and (iii)

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Answer & Solution

Answer: Option C

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Which of the following are considered as the main elements of business ethics?

A) Values, rights and duties B) Attitudes, pressure and environment C) Value, environment and attitude D) Responsibilities

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Answer & Solution

Answer: Option A

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