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-9 section-2

Board of executive director of IMF may be appointed for

A) 6 years B) 2 years C) 8 years D) None of these

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Answer & Solution

Answer: Option B

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Economic environment is affected by

A) law and order B) domestic economic condition C) Both A and B D) None of the above

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Answer & Solution

Answer: Option C

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"The environment of business consists of all those external things to which it is exposed and by which it may be influenced, directly or indirectly". This statement was said by

A) Wleer and Torch B) Copen C) Reinecke and Schoell D) Arthur M. Weimer

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Answer & Solution

Answer: Option C

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Which of the following would normally result from an increase appreciation in country's exchange rate?
(i) A fall in the country's rate of inflation
(ii) A rise in the volume of its exports
(iii) An improvement in its terms of trade
(iv) A surplus on its current account

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

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Answer & Solution

Answer: Option C

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Which of the following statements is incorrect?

A) In the balance of payment, indemnities paid by foreigners is unrequited receipts B) In the balance of payment, gifts from foreigners is/are capital in flow C) Both A and B D) None of the above

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Answer & Solution

Answer: Option B

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Which of the following is not an element of social environment?

A) Tendency of population B) Individual needs C) Cultural elements D) Policies of competition

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Answer & Solution

Answer: Option D

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Which of the following is true?

A) A consumer court setup under the Consumer Protection Act, does not have the power to punish for its contempt B) Professional services are outside the purview of the CPA C) A consumer court cannot force a person indulging in misleading advertising to confess his guilt D) None of the above

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Answer & Solution

Answer: Option A

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Which among the following are full member countries of ASEAN?
(1) Brunei Darussalam
(2) Cambodia
(3) Vietnam
(4) Myanmar
(5) Sri Lanka

A) 1, 2 and 5 B) 1, 2, 3 and 5 C) 2, 3, 4 and 5 D) 1, 2, 3 and 4

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Answer & Solution

Answer: Option D

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The theory of comparative advantage assumes single factor of production, i.e.

A) land B) labour C) capital D) All of these

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Answer & Solution

Answer: Option B

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Which one of the following is not the characteristic of capitalism?

A) Individuals and associations behave with economic motive of maximizing their profit with least sacrifice or cost B) The country's major means of production are either owned by the government or their use is controlled by the government C) Producers, consumers and employees compete among themselves, as the resources and opportunities are limited D) Price, the invisible hand, plays a predominant role in the flow of the factors of production and consumption

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Answer & Solution

Answer: Option B

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