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

A. Copyrights lie with the owner cum holder for a certain period

B. Patents are rights related to literary or artistic work

C. Industrial design rights can be an industrial commodity or a handicraft

D. All of the above

A. The Maastricht Treaty signed in February 1992 renamed European Community (EC) as European Economic Community (EEC)

B. The main objective of the formation of ASEAN Free Trade Area in 1993 was to soften the restrictions on the movement of professionals in the region and helping poorer countries

C. The SAARC is a regional grouping scheme among Six South Asian Countries

D. The European Union, including European Monetary Union, was the biggest and most important regional integrative scheme

A. (i), (ii) and (iii)

B. (iii), (iv) and (v)

C. (ii), (iii) and (vi)

D. (iv), (v) and (vi)

A. Both (A) and (R) are true but, (R) is not correct explanation to (A)

B. (A) is false, but (R) is correct

C. Both (A) and (R) are true and (R) is correct explanation to (A)

D. (A) is correct, but (R) is false

A. IMF

B. IBRD

C. ADB

D. IFRS

A. Monetary policy

B. Income policy

C. Price policy

D. Fiscal policy

A. mixed economy

B. socialist

C. capitalism

D. None of these

A. (i), (ii), (iii), (iv)

B. (ii), (iii), (iv), (v)

C. (i), (iii), (v), (vii)

D. (iv), (v), (vi), (viii)

A. A balance of trade deals with export and import of invisible items only

B. A balance of payment deals with both visible and invisible items

C. The current account is not a component of balance of payment

D. All of the above

A. An increase in the rate of inflation

B. A fall in the level of national output

C. An improvement in trade balance

D. A rise in the level of unemployment