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-1 section-5

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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Answer & Solution

Answer: Option D

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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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Answer: Option B

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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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Answer & Solution

Answer: Option B

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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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Answer: Option A

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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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Answer & Solution

Answer: Option D

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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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Answer & Solution

Answer: Option B

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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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Answer & Solution

Answer: Option C

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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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Answer & Solution

Answer: Option B

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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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Answer & Solution

Answer: Option D

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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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Answer & Solution

Answer: Option B

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