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

61.
Match the following.

List-I (Types of Intellectual Property Rights) List-II (Features)

a. Trademarks 1. It may refer to the creation of a shape colour, pattern or a combination of all these things.

b. Patents 2. It is a symbol generally used to identify a particular product, which indicates its source.

c. Industrial Design Rights 3. These are the designs, practices, formulas etc.

d. Trade Secrets 4. The invention must new and should be useful or can be applied in industries.

A. a-4, b-3, c-2, d-1

B. a-2, b-3, c-4, d-1

C. a-3, b-1, c-4, d-2

D. a-2, b-4, c-1, d-3

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62.
Which one is not an element of legal environment?

A. Act of Parliamentarians in Lok Sabha

B. Indian Contract Act, 1872

C. Indian Partnership Act, 1932

D. Negotiable instruments Act, 1881

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63.
Where the foreign offer curve has an elasticity of one, the optimum tariff will be

A. infinity

B. unity

C. less than unity

D. all the above

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64.
Indicate the right sequence of the stages of internationalization.
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company

A. (i), (iv), (ii), (iii)

B. (iv), (i), (iii), (ii)

C. (i), (iv), (iii), (ii)

D. (iv), (i), (ii), (iii)

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65.
The central bank can significantly influence the savings, investments and consumer spending in the economy through which of the following policy?

A. Fiscal Policy

B. Monetary Policy

C. Industrial Policy

D. Foreign Exchange Policy

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66.
Who has demonstrated how prosperity of one country brings prosperity to other countries participating in international trade?

A. Keynes

B. Adam Smith

C. Ohlin

D. None of these

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67.
Foreign trade helps each country to make . . . . . . . . use of its natural resources.

A. optimal

B. loss

C. better

D. None of these

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68.
India is the . . . . . . . . member of IMF.

A. progressive

B. founder

C. additional

D. active

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69.
Enjoying comparative advantage for a country means having a . . . . . . . . opportunity cost of domestically producing a commodity than the other country.

A. lesser

B. greater

C. no

D. None of these

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70.
Which of the following pair(s) is fare not correct?

A. Endowment theory assumes that factor modility within a country is complete

B. Imitation gap theory assumes that new products are initially developed in capital rich countries

C. Both A and B

D. None of the above

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1 2 3 4 5 6 7 8 9 10

List-I (Types of Intellectual Property Rights)	List-II (Features)
a. Trademarks	1. It may refer to the creation of a shape colour, pattern or a combination of all these things.
b. Patents	2. It is a symbol generally used to identify a particular product, which indicates its source.
c. Industrial Design Rights	3. These are the designs, practices, formulas etc.
d. Trade Secrets	4. The invention must new and should be useful or can be applied in industries.

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

Answer & Solution

62. Which one is not an element of legal environment?

Answer & Solution

63. Where the foreign offer curve has an elasticity of one, the optimum tariff will be

Answer & Solution

64. Indicate the right sequence of the stages of internationalization. (i) Multinational Company (ii) Global Company (iii) Transnational Company (iv) International Company

Answer & Solution

65. The central bank can significantly influence the savings, investments and consumer spending in the economy through which of the following policy?

Answer & Solution

66. Who has demonstrated how prosperity of one country brings prosperity to other countries participating in international trade?

Answer & Solution

67. Foreign trade helps each country to make . . . . . . . . use of its natural resources.

Answer & Solution

68. India is the . . . . . . . . member of IMF.

Answer & Solution

69. Enjoying comparative advantage for a country means having a . . . . . . . . opportunity cost of domestically producing a commodity than the other country.

Answer & Solution

70. Which of the following pair(s) is fare not correct?

Answer & Solution

Read More Section(Business Environment and International Business)

62.
Which one is not an element of legal environment?

63.
Where the foreign offer curve has an elasticity of one, the optimum tariff will be

64.
Indicate the right sequence of the stages of internationalization.
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company

65.
The central bank can significantly influence the savings, investments and consumer spending in the economy through which of the following policy?

66.
Who has demonstrated how prosperity of one country brings prosperity to other countries participating in international trade?

67.
Foreign trade helps each country to make . . . . . . . . use of its natural resources.

68.
India is the . . . . . . . . member of IMF.

69.
Enjoying comparative advantage for a country means having a . . . . . . . . opportunity cost of domestically producing a commodity than the other country.

70.
Which of the following pair(s) is fare not correct?