51. The tariff which maximizes a country's economic welfare is called
52. The important responsibilities of a business to the customers are
(i) To ensure family welfare of the customers.
(ii) To understand customer needs and to take the necessary measures to satisfy these needs.
(iii) To ensure health condition of the customers.
(iv) To ensure that the product supplied has no adverse effect on the customer.
(v) To provide an opportunity for being heard and to redress genuine grievances.
(i) To ensure family welfare of the customers.
(ii) To understand customer needs and to take the necessary measures to satisfy these needs.
(iii) To ensure health condition of the customers.
(iv) To ensure that the product supplied has no adverse effect on the customer.
(v) To provide an opportunity for being heard and to redress genuine grievances.
53. Which of the following is the updated version of NAFTA that was signed in 1994?
54. Which of the following is not the salient feature of the industrial policy developments since 1991?
55. Match the following.
List-I (Organisations of World Bank)
List-II (Features)
a. Board of Governors
1. Responsible for the conduct of the day to day business of the bank
b. Board of Executive Directors
2. It meets annually to cheak out the general policy of the bank
c. Advisory Council
3. It meet regularly once a month to carry on the routine working of the bank
d. President and other members of staff
4. It is appointed by the Board of Directors
| List-I (Organisations of World Bank) | List-II (Features) |
| a. Board of Governors | 1. Responsible for the conduct of the day to day business of the bank |
| b. Board of Executive Directors | 2. It meets annually to cheak out the general policy of the bank |
| c. Advisory Council | 3. It meet regularly once a month to carry on the routine working of the bank |
| d. President and other members of staff | 4. It is appointed by the Board of Directors |
56. Theories of international trade can be broadly grouped into
57. The following table shows cost per unit of production of two goods, wheat and cloth in 2 countries X and Y with no transportation cost and free trade
X (Rs.)
Y (Rs.)
Wheat
50
350
Cloth
100
500
Which one of the following will take place?
| X (Rs.) | Y (Rs.) | |
| Wheat | 50 | 350 |
| Cloth | 100 | 500 |
58. Which of the following statements is/are true in context of dumping?
59. In circular flow of economy, consider the following statements.
60. Business environment is more descriptive and . . . . . . . .
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- Business Environment and International Business - Section 1
- Business Environment and International Business - Section 2
- Business Environment and International Business - Section 3
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- Business Environment and International Business - Section 6