Business Environment and International Business MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7

81.
All of the following are the features of globalization process except one. Which one is the exception?

A. The expanding role for MNCs

B. A reduction in artificial barrier to trade

C. Increasing international barrier to trade

D. A decline in the importance of international specialization

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82.
Foreign policy decision makers, for spreading their information, rely on

A. public

B. media

C. politician

D. bureaucrats

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83.
This integration form includes the development of a common market by harmonization of national economic policies, such as competition policy, financial regulations, product standards, etc.

A. Preferential Trade Area

B. Custom Unions

C. Economic Union

D. Common Market

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84.
Characteristics such as age, income or gender are examples of

A. household patterns

B. demographics

C. income distribution

D. Social-cultural environment

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85.
Match the following.

List-I (Theories of International Trade) List-II (Founders)

a. Theory of reciprocal demand 1. David Ricardo

b. Theory of absolute advantage 2. Adam Smith

c. Theory of comparative advantage 3. Raymond Vernon

d. Product life cycle theory of trade 4. John Stuart Mill

A. a-4, b-3, c-1, d-2

B. a-3, b-1, c-4, d-2

C. a-2, b-3, c-4, d-1

D. a-2, b-4, c-1, d-3

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86.
Which one of the following is not an element of internal environment?

A. Mission/Objectives

B. Human Resources

C. Customers

D. Shareholder's values

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87.
All of the following are included as invisible items on the current account of balance of payments except which one?

A. Flows of profits from assets held overseas

B. Inflows of overseas investments

C. Expenditure of foreign tourists with in the country

D. Interest payments received from bank accounts held in other countries

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88.
From the following statements of Assertion (A) and Reason (R), indicate the correct answer.
Assertion (A): Industrial liberalization became an imperative condition for the growth of forces of competition leading to high efficiency and productivity in Indian industries.
Reason (R): Industrial development and curbing of poverty is only possible through government intervention.

A. Both (A) and (R) are not correct

B. (A) is correct, but (R) is not the correct explanation of (A)

C. (A) is correct and (R) is correct explanation of (A)

D. (A) is not correct, but (R) is correct

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89.
Match the following economic institutions with the year of their establishment:

a. World Bank 1. 1946

b. International Finance Corporation 2. 1956

c. International Development Agency 3. 1960

d. Asian Development Bank 4. 1966

A. a-1, b-2, c-3, d-4

B. a-1, b-3, c-4, d-2

C. a-2, b-1, c-4, d-3

D. a-3, b-1, c-2, d-4

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90.
During periods of growing domestic demand an import quota,

A. is less restrictive on a country's imports than a tariff

B. is more restrictive on a country's imports than a tariff

C. has the same restrictive effect on a country's imports as a tariff

D. will always generate increased tax revenue for the government

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1 2 3 4 5 6 7 8 9 10

List-I (Theories of International Trade)	List-II (Founders)
a. Theory of reciprocal demand	1. David Ricardo
b. Theory of absolute advantage	2. Adam Smith
c. Theory of comparative advantage	3. Raymond Vernon
d. Product life cycle theory of trade	4. John Stuart Mill

a. World Bank	1. 1946
b. International Finance Corporation	2. 1956
c. International Development Agency	3. 1960
d. Asian Development Bank	4. 1966

Business Environment and International Business MCQ Questions and Solutions with Explanations | Commerce

81. All of the following are the features of globalization process except one. Which one is the exception?

Answer & Solution

82. Foreign policy decision makers, for spreading their information, rely on

Answer & Solution

83. This integration form includes the development of a common market by harmonization of national economic policies, such as competition policy, financial regulations, product standards, etc.

Answer & Solution

84. Characteristics such as age, income or gender are examples of

Answer & Solution

85. Match the following. List-I (Theories of International Trade) List-II (Founders) a. Theory of reciprocal demand 1. David Ricardo b. Theory of absolute advantage 2. Adam Smith c. Theory of comparative advantage 3. Raymond Vernon d. Product life cycle theory of trade 4. John Stuart Mill

Answer & Solution

86. Which one of the following is not an element of internal environment?

Answer & Solution

87. All of the following are included as invisible items on the current account of balance of payments except which one?

Answer & Solution

Answer & Solution

89. Match the following economic institutions with the year of their establishment: a. World Bank 1. 1946 b. International Finance Corporation 2. 1956 c. International Development Agency 3. 1960 d. Asian Development Bank 4. 1966

Answer & Solution

90. During periods of growing domestic demand an import quota,

Answer & Solution

Read More Section(Business Environment and International Business)

81.
All of the following are the features of globalization process except one. Which one is the exception?

82.
Foreign policy decision makers, for spreading their information, rely on

83.
This integration form includes the development of a common market by harmonization of national economic policies, such as competition policy, financial regulations, product standards, etc.

84.
Characteristics such as age, income or gender are examples of

85.
Match the following.

List-I (Theories of International Trade) List-II (Founders)

a. Theory of reciprocal demand 1. David Ricardo

b. Theory of absolute advantage 2. Adam Smith

c. Theory of comparative advantage 3. Raymond Vernon

d. Product life cycle theory of trade 4. John Stuart Mill

86.
Which one of the following is not an element of internal environment?

87.
All of the following are included as invisible items on the current account of balance of payments except which one?

89.
Match the following economic institutions with the year of their establishment:

a. World Bank 1. 1946

b. International Finance Corporation 2. 1956

c. International Development Agency 3. 1960

d. Asian Development Bank 4. 1966

90.
During periods of growing domestic demand an import quota,