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-5
Each section contains 100 MCQs on
Business Environment and International Business .
Possible impact of WTO on various aspects of the Indian economy:
(i) Quantitative restriction will be allowed
(ii) Second hand cars will be imported
(iii) There will be dumping of Chinese goods
(iv) Increase in population
(v) Child labour exploitation
(vi) Unemployment will increase
Which combination is appropriate?
Consider the following statements. Assertion (A): Amended Patent Act, in compliance with WTO, provides for grant of product patent as well as a process patent for a period of 20 years from the date of application. Reason (R): Under the Act, patent may be granted to an invention which means a new product or process involving an inventive step and capable of industrial application, a technical advance over existing knowledge.
Which among the following are important bodies of WTO?
(i) Dispute Settlement Body
(ii) NAFTA
(iii) Trade Policy Review Body
(iv) ASEAN
(v) Council for Trade in Goods
(vi) IBRD
(vii) Council for Trade related aspects of Intellectual Property Rights
(viii) GATT
An appropriate combination is
