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-7 section-1
Each section contains 100 MCQs on
Business Environment and International Business .
Consider the following statements in the context of Trade Related Investment Measures (TRIMs).
1. All restrictions on foreign capital companies are to be scrapped
2. No restriction will be imposed on any area of investment
3. Imports of raw material are to be allowed freely
4. Emport of part of the output will be mandatory
Which of the above statements are correct?
Which of the following pairs of GATT rounds and the associated years are correctly matched?
1. First Round ⇔ 1948
2. Kennedy Round ⇔ 1964-67
3. Tokyo Round ⇔ 1973-79
Select the correct answer:
Consider the following statements. Assertion (A): The 'Balance of Payments' presents a classified record of all receipts on account of goods exported, services rendered and capital received by 'residents' and payments made by them on account of goods imported and services received from capital transferred to 'non-residents' or 'foreigners'. Reason (R): The 'Balance of Payments' of a country is a systematic record of all economic transactions between the 'residents' of a country and the rest of the world.
