Business Environment and International Business MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7

61.
Consider the following statements.
Assertion (A): An export processing zone is different from free trade zone as it promotes units primarily devoted to exports.
Reason (R): Goods imported to a free trade zone maybe re-exported without any processing, in the same form. But goods exported by units in an EPZ are expected to have undergone some value addition by manufacturing/processing.

A. (A) is correct and (R) is correct explanation of (A)

B. (A) is correct but (R) is not the correct explanation of (A)

C. (A) is correct but (R) is incorrect

D. (A) is incorrect but (R) is correct

Answer & Solution Discuss in Board Save for Later

62.
This theory maintains that exchange rates will tend towards the point at which their international purchasing power is equal. What is this called?

A. Gross Value Added

B. Purchasing Power Parity

C. Gross Domestic Product at nominal price

D. Net National Income

Answer & Solution Discuss in Board Save for Later

63.
Match the items of List-I with those of List-II.

List-I List-II

a. Exchange control 1. Adverse BOP

b. Price control 2. Domestic firms

c. Import control 3. Mass consumption product

d. Legislative control 4. Industrial location

A. a-2, b-1, c-3, d-4

B. a-4, b-2, c-3, d-1

C. a-3, b-2, c-1, d-4

D. a-2, b-3, c-1, d-4

Answer & Solution Discuss in Board Save for Later

64.
For providing various technical services to member countries bank has established

A. the economic development institute

B. staff college

C. Both A and B

D. None of the above

Answer & Solution Discuss in Board Save for Later

65.
Which of the following is not a form of business environment?

A. Partnership

B. Monopoly Trade

C. Joint Capital Company

D. Employees

Answer & Solution Discuss in Board Save for Later

66.
An Optimum tariff

A. Improve the terms of trade

B. Keeps the terms of trade constant

C. Lowers the terms of trade

D. Reduced the country's welfare level

Answer & Solution Discuss in Board Save for Later

67.
In which of the following year, the Articles of Agreement of IMF were changed for the first time?

A. 1969

B. 1975

C. 1980

D. 1985

Answer & Solution Discuss in Board Save for Later

68.
Match the items of List-I with the items of List-Il:

List-I List-II

a. National Manufacturing Competitiveness Council (NMCC) 1. Industrial Licensing Policy

b. National Investment Fund (NIP) 2. Eleventh Five Year Plan

c. The Industries (Development and Regulation) Act (IDRA), 1951 3. The Competition Act, 2002

d. Increase in Employment 4. Public Sector Undertakings

A. a-4, b-1, c-2, d-3

B. a-3, b-4, c-1, d-2

C. a-1, b-2, c-3, d-4

D. a-4, b-3, c-2, d-1

Answer & Solution Discuss in Board Save for Later

69.
The external environment is composed of

A. the general and task environment

B. the task environment and the cultural environment

C. the global environment and the ecological environment

D. it enhance vulnerability of political risk

Answer & Solution Discuss in Board Save for Later

70.
When was FEMA came into existence?

A. 7^th June, 2000

B. 31^st June, 2000

C. 20^th May, 1999

D. None of the above

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Exchange control	1. Adverse BOP
b. Price control	2. Domestic firms
c. Import control	3. Mass consumption product
d. Legislative control	4. Industrial location

List-I	List-II
a. National Manufacturing Competitiveness Council (NMCC)	1. Industrial Licensing Policy
b. National Investment Fund (NIP)	2. Eleventh Five Year Plan
c. The Industries (Development and Regulation) Act (IDRA), 1951	3. The Competition Act, 2002
d. Increase in Employment	4. Public Sector Undertakings

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

Answer & Solution

62. This theory maintains that exchange rates will tend towards the point at which their international purchasing power is equal. What is this called?

Answer & Solution

63. Match the items of List-I with those of List-II. List-I List-II a. Exchange control 1. Adverse BOP b. Price control 2. Domestic firms c. Import control 3. Mass consumption product d. Legislative control 4. Industrial location

Answer & Solution

64. For providing various technical services to member countries bank has established

Answer & Solution

65. Which of the following is not a form of business environment?

Answer & Solution

66. An Optimum tariff

Answer & Solution

67. In which of the following year, the Articles of Agreement of IMF were changed for the first time?

Answer & Solution

Answer & Solution

69. The external environment is composed of

Answer & Solution

70. When was FEMA came into existence?

Answer & Solution

Read More Section(Business Environment and International Business)

62.
This theory maintains that exchange rates will tend towards the point at which their international purchasing power is equal. What is this called?

63.
Match the items of List-I with those of List-II.

List-I List-II

a. Exchange control 1. Adverse BOP

b. Price control 2. Domestic firms

c. Import control 3. Mass consumption product

d. Legislative control 4. Industrial location

64.
For providing various technical services to member countries bank has established

65.
Which of the following is not a form of business environment?

66.
An Optimum tariff

67.
In which of the following year, the Articles of Agreement of IMF were changed for the first time?

69.
The external environment is composed of

70.
When was FEMA came into existence?