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-6 section-2

The quotas of all the member countries with the IMF are valued in terms of

A) SDR B) GDR C) Dollar D) Swaps

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Answer & Solution

Answer: Option A

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Which of the following statements are true in context of Consumer Protection Act, 2019

A) The Act proposes the establishment of the Central Consumer Protection Authority (CCPA) to promote, protect and enforce the rights of consumers B) The Act seeks to be more holistic with stricter rules, including jail term for unfair trade practices like adulteration and misleading ads by firms. The Act is determined to initiate class action, including enforcing recall, refund and return of products C) The consumers can now file complaints at any district or state Consumer Commission closest to them instead of travelling to the location where the service were sold D) All of the above

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Answer & Solution

Answer: Option D

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Match the following.

List-I	List-II
a. Foreign trade	1. It is in undertaking by its issue that the bills of exchange drawn by the foreign dealer on the importer will be honoured on presentation upon a specified amount
b. Bill of lading	2. It is a document of title to the goods
c. Quotation	3. Trade between two or more nations
d. Letter of credit	4. It is reply by the seller to the prospective buyer

A) a-4, b-1, c-2, d-3 B) a-3, b-2, c-4, d-1 C) a-2, b-3, c-4, d-1 D) a-4, b-3, c-2, d-1

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Answer & Solution

Answer: Option B

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The main objective of the WTO is:

A) to raise living standards in developing countries B) to minimise barriers to international trade C) to harmonize tariffs D) to eliminate customs unions

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Answer & Solution

Answer: Option B

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India suffered from deficit balance both in trade balance and net invisibles, hence, took up a number of steps to manage this problem. Which one is not appropriate for this?

A) Export control B) Current Account Convertibility C) Liberalized Export Policy D) Unified Exchange Rate

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Answer & Solution

Answer: Option A

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The current account is made up of visibles and . . . . . . . .

A) invisible B) constraint C) expert D) None of these

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Answer & Solution

Answer: Option A

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What does CRS concern with?

A) How an organisation meet the expectations of its stakeholders B) External stakeholders relationship C) The behaviour of individual managers D) The ways in which an organisation exceeds its minimum required obligations to stakeholders

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Answer & Solution

Answer: Option D

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India has the power to appoint a permanent executive director in the . . . . . . . . on the Board of Directors.

A) IMF B) IBRD C) ADB D) None of these

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Answer & Solution

Answer: Option A

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Call money rate is applicable for a very short period to

A) inter bank advances B) bank to Reserve Bank advances C) reserve Bank to Bank advances D) commercial Banks to Industrial Banks advances

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Answer & Solution

Answer: Option A

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In international trade which of the following is a non-tariff trade barrier?

A) quotas B) import bans C) export controls D) anti-dumping laws

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Answer & Solution

Answer: Option D

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