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-8 section-2

Who among the following has given Absolute Advantage Model of International trade?

A) Adam Smith B) David Ricardo C) Heckscher Ohlin D) William Petty

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Answer & Solution

Answer: Option A

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Environment related elements which are closely related with business are known as

A) special environment B) macro environment C) general environment D) All of these

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Answer & Solution

Answer: Option A

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Import quotas tend to result in all of the following except,

A) domestic producers of the imported good being harmed B) domestic consumers of the imported good being harmed C) prices increasing in the importing country D) prices falling in the exporting country

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Answer & Solution

Answer: Option A

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Examine the following statements and choose the correct answer.
Statement-I: FIIs do not invest in unlisted securities. They participate only through Stock Exchanges.
Statement-II: FIIs cannot invest at the time of initial allotment.

A) Both the statements are wrong B) Both the statements are correct C) Statement-I is correct but the statement-II is wrong D) Statement-I is wrong but the statement-Il is correct

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Answer & Solution

Answer: Option A

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Business includes

A) Non-economic activities B) Economic activities C) Social activities D) Production activities

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Answer & Solution

Answer: Option B

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Analyzing processes of change in the business environment involves conceptualizing it as

A) Complex B) Static C) Dynamic D) Diverse

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Answer & Solution

Answer: Option D

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Which of the following statement(s) is/are incorrect?

A) Currently, IMF has 187 members B) Each member country of IMF nominates a Governor C) Both A and B D) None of the above

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Answer & Solution

Answer: Option D

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Which of the following is not the responsibilities of the consumers?

A) The consumer should make vague complaints B) The consumer should make a specific complaint with supporting exidence C) The consumer should, as a rule complain against a system and not attack individuals who are incumbents of post D) Consumers, in asserting their rights should not inconvenience or hurt other sections of the public

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Answer & Solution

Answer: Option A

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Which of the following refers to the system of moral principles and rules of conduct applied to business?

A) Business culture B) Business ethics C) Business D) Society

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Answer & Solution

Answer: Option B

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Under the gold-standard inflow of gold from the deficit to the surplus nation result in:
(1) a fall in the interest rate in the surplus nation.
(2) fall in the interest rate in the deficit nation.
(3) an outflow of capital from surplus to deficit nation.
(4) an outflow of capital from deficit to surplus nation.
Of the above statements:

A) 1 and 4 are correct B) 1 and 3 are correct C) 2 and 3 are correct D) 2 and 4 are correct

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Answer & Solution

Answer: Option C

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