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

31.
If the consumer price index rises, it shows that:

A. the value of the currency has increased

B. the real consumer income has fallen

C. the prices of all products have risen in the economy

D. the purchasing power of money has decreased

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32.
Which of the following are major objectives that engage companies in international business?

A. To expand sales

B. To acquire resources

C. To diversify sources of sales and supplies

D. All of the above

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33.
Consider the following statements about the Foreign Trade Policy 2015-20 are correct?
(1) This policy focuses on boosting exports and create jobs while supporting the Centre's 'Make in India and Digital India' programs.
(2) The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export.
(3) The policy is to move towards paperless working in 24 × 7 environments.
(4) The policy comes at a time when export growth contracted 15% in February 2014-15, reporting a negative growth for the third consecutive month.

A. 1 and 2 are correct

B. 2 and 3 are correct

C. 1, 2 and 4 are correct

D. All of the above are correct

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34.
Globalization is the term used to describe process of removal of restriction on which of the following?

A. Foreign trade

B. Investment

C. Both A and B

D. None of the above

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35.
Consider the following statements.
Assertion (A): Industrialization of an economy is considered synonymous with growth.
Reason (R): The transfer of resources from agrarian to industrial may be capital or labour or both.

A. Both (A) and (R) are true and (R) is correct explanation of (A)

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A)

C. (A) is true, but (R) is false

D. (A) is false, but (R) is true

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36.
Which of the following statements is/are incorrect?

A. ASEAN was established in Bangkok

B. ASEAN had originally 6 members countries

C. Combodia joined ASEAN on 23^rd July, 1997

D. None of the above

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37.
Which one of the following statements is NOT correct?

A. Trade between two countries can take place when their supply and demand conditions are identical

B. Trade between two countries can take place with different supply conditions and similar demand conditions

C. Trade between two countries can take place with identical supply conditions and dissimilar demand conditions

D. Trade between two countries can take place with different supply and demand conditions

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38.
Which of the following is not a part of economic environment?

A. Economic policy

B. Financial market

C. Economic inequality

D. All of these

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39.
All of the following are benefits which all countries gain when adopting a single currency such as Euro, except:

A. reduced transaction cost

B. increased price transparency

C. lower Interest rates

D. reduced exchange rate uncertainty

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40.
Brunei Darussalam joined ASEAN on

A. 23^rd July, 1997

B. 8^th January, 1984

C. 30^th April, 1999

D. None of these

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

31. If the consumer price index rises, it shows that:

Answer & Solution

32. Which of the following are major objectives that engage companies in international business?

Answer & Solution

Answer & Solution

34. Globalization is the term used to describe process of removal of restriction on which of the following?

Answer & Solution

35. Consider the following statements. Assertion (A): Industrialization of an economy is considered synonymous with growth. Reason (R): The transfer of resources from agrarian to industrial may be capital or labour or both.

Answer & Solution

36. Which of the following statements is/are incorrect?

Answer & Solution

37. Which one of the following statements is NOT correct?

Answer & Solution

38. Which of the following is not a part of economic environment?

Answer & Solution

39. All of the following are benefits which all countries gain when adopting a single currency such as Euro, except:

Answer & Solution

40. Brunei Darussalam joined ASEAN on

Answer & Solution

Read More Section(Business Environment and International Business)

31.
If the consumer price index rises, it shows that:

32.
Which of the following are major objectives that engage companies in international business?

34.
Globalization is the term used to describe process of removal of restriction on which of the following?

35.
Consider the following statements.
Assertion (A): Industrialization of an economy is considered synonymous with growth.
Reason (R): The transfer of resources from agrarian to industrial may be capital or labour or both.

36.
Which of the following statements is/are incorrect?

37.
Which one of the following statements is NOT correct?

38.
Which of the following is not a part of economic environment?

39.
All of the following are benefits which all countries gain when adopting a single currency such as Euro, except:

40.
Brunei Darussalam joined ASEAN on