81.
The European Union has all the following features except which one?

82.
Match items of List-I with List-II relating to macro environment of business and indicate the option of correct matching:
List-I List-II
a. Economic environment 1. Ethical issues
b. Political and government 2. Trade and transport policies environment
c. Socio-cultural environment 3. Economic stratification of population
d. Demographic environment 4. Judiciary powers

85.
A common market is one where:

87.
Consider the following statements.
Assertion (A): There was demand for World Bank, IMF and ITO type institutions after World War II so as to avoid war type situation in future.
Reason (R): The great depression of early 1930s produced the apprehensions that imports would throw more people out of work. This led governments to raise their trade barriers, retaliations and protectionism.

89.
Which of the following statement is not true about business environment?

90.
Consider the following statements.
Assertion (A): The import volume tends to be very high when there is simultaneous high eco-nomic growth rate and a sharp fall in the relative price of imports and vice versa.
Reason (R): High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.