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-5

Heckscher-Ohlin theory explains international trade in terms of

A) demand differences B) differences in factor endowments C) differences in labour productivity D) None of the above

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Answer & Solution

Answer: Option B

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Which of the following is also known as World Bank?

A) IMF B) IBRD C) ADB D) IFC

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Answer: Option B

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A tariff will not have any effect on revenue if the duty imposed is

A) 50% B) 100% C) Non-prohibitive D) Prohibitive

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Answer: Option D

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Which of the following is not the main objective of Fiscal Policy of India?

A) To increase liquidity in economy B) To promote price stability C) To minimize the in-equality in income and wealth D) To promote employment opportunities

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Answer: Option A

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A country is said to have a comparative advantage in the production of a good when:

A) it can produce more of it than any other country B) it has captured a larger share of the world market than any other country C) it can produce it at a lower opportunity cost than its trading partners D) its costs of production tor the good are lower than in other countries

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Answer: Option C

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India is regarded as a country with 'Demographic Dividend'. This is due to:

A) Its high population in the age group below 15 years B) Its high population in the age group below 15-64 years C) Its high population in the age group above 65 years D) Its high total population

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Answer: Option B

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The World Bank is formed as . . . . . . . . body of IMF.

A) supplementary B) complementary C) legal D) None of these

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Answer: Option B

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What are the assumptions of Heckscher-Ohlin Model?

A) No obstruction to trade B) Commodities and factor are perfectly competitive C) Both countries operate at same level of efficiency D) All of the above

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Answer: Option D

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Match the items of List-I with items of List-II.

List-I	List-II
a. Wider Market	1. Modes of Entry
b. Turn-key Projects	2. Goal of International Business
c. Expanding the production	3. Advantages of International Business capacities
d. Geocentric approach	4. Stage of Globalization

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

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Answer: Option B

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The Foreign Investment Promotion Board has now been replaced with Foreign Investment Facilitation Portal (FIFP) in May 2017 that revamps the rules and regulations pertaining to:

A) Accounting of Foreign Investment B) Investment by NRIs C) Foreign investments D) All of the above

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Answer: Option C

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