1. Match the following.
List-I
List-II
a. Micro environment
1. Interest rate
b. Macro environment
2. Restrictions of WTO
c. Political environment
3. Suppliers
d. Globalisation environment
4. Planning Commission
| List-I | List-II |
| a. Micro environment | 1. Interest rate |
| b. Macro environment | 2. Restrictions of WTO |
| c. Political environment | 3. Suppliers |
| d. Globalisation environment | 4. Planning Commission |
2. According to which theory, one country may be more efficient in producing a particular goods than another country and that another country may be capable of producing some other goods more efficiently than the first one?
3. Operating environment of a business is basically
4. Which of the following is not the function of WTO?
5. Match the following.
List-I
List-II
a. Natural environment
1. High research and development budget
b. Technological environment
2. People's view on nature
c. Political environment
3. Increase cost of energy
d. Cultural environment
4. Increase in public interest group
| List-I | List-II |
| a. Natural environment | 1. High research and development budget |
| b. Technological environment | 2. People's view on nature |
| c. Political environment | 3. Increase cost of energy |
| d. Cultural environment | 4. Increase in public interest group |
6. Which of the following characterizes the early-stage financial crises?
7. SAARC was established on
8. Match the items of List-II and with the items of List-I relating to WTO impact:
List-I
List-II
a. NAMA
1. Liberalization of international investments.
b. GATTS
2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries.
c. TRIM's
3. Liberalization of trade in goods and ser-vices.
d. TRIP's
4. Provides monopoly power to owners of intellectual property.
| List-I | List-II |
| a. NAMA | 1. Liberalization of international investments. |
| b. GATTS | 2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries. |
| c. TRIM's | 3. Liberalization of trade in goods and ser-vices. |
| d. TRIP's | 4. Provides monopoly power to owners of intellectual property. |
9. Which of the following are the main benefits of international trade?
(1) Specialization benefits world trade as it enables different nations with differings kills and resources to gain the rewards from the division of labour.
(2) There is potential gain of economies of scale when there is good size of market.
(3) Competition is fostered by free trade.
(4) Lower prices are greater choices to consumers.
(1) Specialization benefits world trade as it enables different nations with differings kills and resources to gain the rewards from the division of labour.
(2) There is potential gain of economies of scale when there is good size of market.
(3) Competition is fostered by free trade.
(4) Lower prices are greater choices to consumers.
10. . . . . . . . . is/are the main feature(s) of business environment.
Read More Section(Business Environment and International Business)
Each Section contains maximum 100 MCQs question on Business Environment and International Business. To get more questions visit other sections.
- Business Environment and International Business - Section 1
- Business Environment and International Business - Section 2
- Business Environment and International Business - Section 3
- Business Environment and International Business - Section 4
- Business Environment and International Business - Section 5
- Business Environment and International Business - Section 6