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

1.
Which of the following is the part of development of competitive ability?

A. Product quality

B. Ignorance of cost

C. Least customer preference

D. All of the above

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2.
More companies operate internationally because

A. new products take time to become known globally

B. domestic companies competitors, suppliers and customers have become international

C. Both A and B

D. None of the above

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3.
Which of the following is not matched correctly?

A. IBRD (estd.) ⇔ 1945

B. IFC (estd.) ⇔ 1948

C. IDA (estd.) ⇔ 1960

D. MIGA (estd.) ⇔ 1988

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4.
Consider the following statements.
Assertion (A): Internal factors of business environment are more controllable factors.
Reason (R): These factors can be altered or modified in the desired manner to suit the environment.

A. Both (A) and (R) are correct

B. (A) is correct, but (R) is incorrect

C. Both (A) and (R) are incorrect

D. (A) is incorrect

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5.
One of the advantages of free trade is improvements in the distribution of income. Free trade thus results in some income redistribution by

A. Raising the income of the poor

B. Lowering the income of the rich

C. Raising the income of the poor and lowering the income of the rich

D. Lowering the prices of the scarce factor and raising the price of the abundant factor

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6.
NAFTA came into force from January, 1994 embracing:

A. The USA, Canada, Cuba, Trinidad and Tobago

B. The USA, Canada, Mexico

C. Cuba, Mexico, USA, Havana

D. Trinidad, The USA, Mexico

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7.
Which of the following is not true about high-context cultures?

A. Lawyers are less important

B. Negotiations are lengthy

C. People make a big deal out of private space

D. Competitive bidding is less important

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8.
Countries joining World Bank after 31^st December, 1945 come under category of

A. founder member

B. general member

C. temporary member

D. permanent member

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9.
In order to overcome the ambiguity of foreign direct investment and foreign institutional investment in India, four member committee has been appointed under the chairmanship of

A. Manmohan Singh

B. P. Chidambaram

C. Raghuram Rajan

D. Arvind Mayaram

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10.
To assess the potential of international markets, organizations generally compare nations with respect to

A. political regime

B. demographics, GNP/capita and 'consumer preferences'

C. consumer preferences

D. demographics, GNP/capita

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

1. Which of the following is the part of development of competitive ability?

Answer & Solution

2. More companies operate internationally because

Answer & Solution

3. Which of the following is not matched correctly?

Answer & Solution

4. Consider the following statements. Assertion (A): Internal factors of business environment are more controllable factors. Reason (R): These factors can be altered or modified in the desired manner to suit the environment.

Answer & Solution

5. One of the advantages of free trade is improvements in the distribution of income. Free trade thus results in some income redistribution by

Answer & Solution

6. NAFTA came into force from January, 1994 embracing:

Answer & Solution

7. Which of the following is not true about high-context cultures?

Answer & Solution

8. Countries joining World Bank after 31st December, 1945 come under category of

Answer & Solution

9. In order to overcome the ambiguity of foreign direct investment and foreign institutional investment in India, four member committee has been appointed under the chairmanship of

Answer & Solution

10. To assess the potential of international markets, organizations generally compare nations with respect to

Answer & Solution

Read More Section(Business Environment and International Business)

1.
Which of the following is the part of development of competitive ability?

2.
More companies operate internationally because

3.
Which of the following is not matched correctly?

4.
Consider the following statements.
Assertion (A): Internal factors of business environment are more controllable factors.
Reason (R): These factors can be altered or modified in the desired manner to suit the environment.

5.
One of the advantages of free trade is improvements in the distribution of income. Free trade thus results in some income redistribution by

6.
NAFTA came into force from January, 1994 embracing:

7.
Which of the following is not true about high-context cultures?

8.
Countries joining World Bank after 31^st December, 1945 come under category of

9.
In order to overcome the ambiguity of foreign direct investment and foreign institutional investment in India, four member committee has been appointed under the chairmanship of

10.
To assess the potential of international markets, organizations generally compare nations with respect to