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

A. 6 years

B. 2 years

C. 8 years

D. None of these

A. law and order

B. domestic economic condition

C. Both A and B

D. None of the above

A. Wleer and Torch

B. Copen

C. Reinecke and Schoell

D. Arthur M. Weimer

A. (i), (ii) and (iii) only

B. (ii), (iii) and (iv) only

C. (i) and (iii) only

D. (ii) and (iv) only

A. In the balance of payment, indemnities paid by foreigners is unrequited receipts

B. In the balance of payment, gifts from foreigners is/are capital in flow

C. Both A and B

D. None of the above

A. Tendency of population

B. Individual needs

C. Cultural elements

D. Policies of competition

A. A consumer court setup under the Consumer Protection Act, does not have the power to punish for its contempt

B. Professional services are outside the purview of the CPA

C. A consumer court cannot force a person indulging in misleading advertising to confess his guilt

D. None of the above

A. 1, 2 and 5

B. 1, 2, 3 and 5

C. 2, 3, 4 and 5

D. 1, 2, 3 and 4

A. land

B. labour

C. capital

D. All of these

A. Individuals and associations behave with economic motive of maximizing their profit with least sacrifice or cost

B. The country's major means of production are either owned by the government or their use is controlled by the government

C. Producers, consumers and employees compete among themselves, as the resources and opportunities are limited

D. Price, the invisible hand, plays a predominant role in the flow of the factors of production and consumption