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

51.
Which of the following is not correct?

A. The absorption approach to BoP explains changes in national income and their impact on BoP

B. Monetary approach to BoP emphasises the role played by money supply in country's BoP

C. Traditional approach to BoP explains the volumes of exports and imports of a country is determined by relative prices

D. None of the above

Answer & Solution Discuss in Board Save for Later

52.
A global company is sometimes called

A. a joint stock company

B. a corporation

C. a globally integrated company

D. None of the above

Answer & Solution Discuss in Board Save for Later

53.
If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?

A. Marshall and Lerner

B. Harrod and Domar

C. Solow and Swan

D. Hickscher and Ohlin

Answer & Solution Discuss in Board Save for Later

54.
. . . . . . . . is the economic system whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply.

A. Centrally-planned socialism

B. Market socialism

C. Centrally-planned capitalism

D. Market capitalism

Answer & Solution Discuss in Board Save for Later

55.
Arrange the following steps of export procedure in chronological order.
1. Order acceptance
2. Order placement
3. Goods removal from works
4. Goods readiness and documentation goods

A. 4, 3, 2, 1

B. 2, 1, 4, 3

C. 3, 1, 4, 2

D. 3, 4, 1, 2

Answer & Solution Discuss in Board Save for Later

56.
The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability. The ASEAN declaration is also called as

A. Bangkok declaration

B. Singapore declaration

C. Bali declaration

D. Jakarta declaration

Answer & Solution Discuss in Board Save for Later

57.
Which of the following is not a part of machinery that settles industrial disputes?

A. Wage Court

B. Works Committee

C. Conciliation Officers

D. Board of Conciliation

Answer & Solution Discuss in Board Save for Later

58.
A district forum should not consist of

A. a person who is qualified to be a district judge who shall be its President

B. a lady social worker

C. a person who is or has been judge of a High Court

D. None of the above

Answer & Solution Discuss in Board Save for Later

59.
Indicate the correct answer of the following statements being correct or incorrect. The statements relate to the type of transactions recorded in the current/capital accounts of the Balance of Payments.
Statement (I): The capital account consists of long-term capital transactions only.
Statement (II): The current account includes all transactions which give rise to or use up national income.

A. Both the statements are correct

B. Both the statements are incorrect

C. Statement (I) is correct while Statement (II) is incorrect

D. Statement (I) is incorrect while Statement (II) is correct

Answer & Solution Discuss in Board Save for Later

60.
Which of the following statements is not correct relating to consumerism?

A. Consumerism is a manifestation of the failure of the business to guarantee and ensure consumer legitimate rights

B. The government does not have any role in consumer protection as it is the part of business organizations alone

C. The consumers should accept consumerism as a means of asserting and enjoying their rights

D. Consumerism evolution is not a set-back for marketing but rather points to the next stage in the evolution of enlightened marketing

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

51. Which of the following is not correct?

Answer & Solution

52. A global company is sometimes called

Answer & Solution

53. If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?

Answer & Solution

54. . . . . . . . . is the economic system whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply.

Answer & Solution

55. Arrange the following steps of export procedure in chronological order. 1. Order acceptance 2. Order placement 3. Goods removal from works 4. Goods readiness and documentation goods

Answer & Solution

56. The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability. The ASEAN declaration is also called as

Answer & Solution

57. Which of the following is not a part of machinery that settles industrial disputes?

Answer & Solution

58. A district forum should not consist of

Answer & Solution

Answer & Solution

60. Which of the following statements is not correct relating to consumerism?

Answer & Solution

Read More Section(Business Environment and International Business)

51.
Which of the following is not correct?

52.
A global company is sometimes called

53.
If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?

54.
. . . . . . . . is the economic system whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply.

55.
Arrange the following steps of export procedure in chronological order.
1. Order acceptance
2. Order placement
3. Goods removal from works
4. Goods readiness and documentation goods

56.
The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability. The ASEAN declaration is also called as

57.
Which of the following is not a part of machinery that settles industrial disputes?

58.
A district forum should not consist of

60.
Which of the following statements is not correct relating to consumerism?