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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-3

Each section contains 100 MCQs on Business Environment and International Business .
61
Which of the following statements is/are incorrect?
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Answer & Solution
Answer: Option B
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62
Which one is called Bretton-Wood Twins?
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Answer & Solution
Answer: Option C
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63
Which of the following is not a mode of foreign capital inflow to India?
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Answer & Solution
Answer: Option D
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64
Deficit financing as a tool of fiscal policy was suggested by:
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Answer & Solution
Answer: Option A
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65
Match the following items of List-I with List-II.
List-I List-II
a. Bretton woods conference 1. 1947
b. General Agreement on Trade and Tariffs 2. 1964
c. ACCRA conference 3. 1944
d. United Nations Conference on Trade and Development 4. 2008
Discuss
Answer & Solution
Answer: Option D
Solution:
Option D is the correct answer.

The Bretton Woods Conference was held in 1944 and laid the foundation for the post-World War II international monetary system, leading to the establishment of institutions such as the International Monetary Fund (IMF) and the World Bank.

The General Agreement on Tariffs and Trade (GATT) was signed in 1947 to promote international trade by reducing tariffs and other trade barriers. It later evolved into the World Trade Organization (WTO).

The ACCRA Conference refers to the 12th United Nations Conference on Trade and Development (UNCTAD XII), which was held in Accra, Ghana, in 2008.

The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 to promote trade, investment, and sustainable development, particularly for developing countries.

Therefore, the correct matching is: a-3 (1944), b-1 (1947), c-4 (2008), and d-2 (1964).
66
Which of the following can be defined as the process of analyzing the environment for the identification of the factors which have implication for the business?
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Answer & Solution
Answer: Option A
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67
Match the following.
List-I List-II
a. Merchandise exports 1. Purchase of foreign goods
b. Merchandise imports 2. Sales of goods abroad
c. Investment income 3. Largely caused by excess of imports over exports in merchandise
d. Balance of payment deficits 4. Dividends, interest etc received from abroad
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Answer & Solution
Answer: Option C
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68
Which one of the following groups of items is included in India's Foreign-exchange Reserves?
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Answer & Solution
Answer: Option B
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69
If the amount claimed by a consumer as compensation is Rs. 89 lakh, the case under the Consumers Protection Act shall be filed with
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Answer & Solution
Answer: Option B
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70
Adoption and promotion of e-commerce. By government comes under which element of business environment?
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Answer & Solution
Answer: Option B
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