Business Environment and International Business MCQ Questions and Solutions with Explanations

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-6

Match the following.

List-I (Types of Intellectual Property Rights)	List-II (Features)
a. Trademarks	1. It may refer to the creation of a shape colour, pattern or a combination of all these things.
b. Patents	2. It is a symbol generally used to identify a particular product, which indicates its source.
c. Industrial Design Rights	3. These are the designs, practices, formulas etc.
d. Trade Secrets	4. The invention must new and should be useful or can be applied in industries.

A) a-4, b-3, c-2, d-1 B) a-2, b-3, c-4, d-1 C) a-3, b-1, c-4, d-2 D) a-2, b-4, c-1, d-3

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Answer & Solution

Answer: Option D

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Which one is not an element of legal environment?

A) Act of Parliamentarians in Lok Sabha B) Indian Contract Act, 1872 C) Indian Partnership Act, 1932 D) Negotiable instruments Act, 1881

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Answer & Solution

Answer: Option A

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Where the foreign offer curve has an elasticity of one, the optimum tariff will be

A) infinity B) unity C) less than unity D) all the above

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Answer & Solution

Answer: Option A

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Indicate the right sequence of the stages of internationalization.
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company

A) (i), (iv), (ii), (iii) B) (iv), (i), (iii), (ii) C) (i), (iv), (iii), (ii) D) (iv), (i), (ii), (iii)

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Answer & Solution

Answer: Option D

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The central bank can significantly influence the savings, investments and consumer spending in the economy through which of the following policy?

A) Fiscal Policy B) Monetary Policy C) Industrial Policy D) Foreign Exchange Policy

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Answer & Solution

Answer: Option B

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Who has demonstrated how prosperity of one country brings prosperity to other countries participating in international trade?

A) Keynes B) Adam Smith C) Ohlin D) None of these

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Answer & Solution

Answer: Option A

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Foreign trade helps each country to make . . . . . . . . use of its natural resources.

A) optimal B) loss C) better D) None of these

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Answer & Solution

Answer: Option A

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India is the . . . . . . . . member of IMF.

A) progressive B) founder C) additional D) active

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Answer & Solution

Answer: Option B

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Enjoying comparative advantage for a country means having a . . . . . . . . opportunity cost of domestically producing a commodity than the other country.

A) lesser B) greater C) no D) None of these

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Answer & Solution

Answer: Option A

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Which of the following pair(s) is fare not correct?

A) Endowment theory assumes that factor modility within a country is complete B) Imitation gap theory assumes that new products are initially developed in capital rich countries C) Both A and B D) None of the above

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Answer & Solution

Answer: Option B

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