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-5
Each section contains 100 MCQs on
Business Environment and International Business .
Which of the following assumptions are true in context of theory of comparative advantage?
(1) Two trading economies each producing the same two goods.
(2) The factors of production in each economy are perfectly mobile.
(3) There are no trade barriers and no transport costs.
(4) The state of technology is unchanged.
Which of the following kinds of situation is signified when there is debit in balance of payments accounts?
(1) Low imports and high exports
(2) High imports and low exports
Consider the following statements in context of WTO.
1. WTO is a permanent body with its over dispute settlement machanism.
2. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures.
3. WTO promote international trade.
4. WTO banned the foreign currency.
5. WTO managed the hybrid system of clean floating, currency block etc.
Which of the statements given above are correct?
