Business Environment and International Business MCQs

Question 1

One of the characteristics of the economic environment is

Accepted Answer

public policies

Answer

tradition

Answer

society

Answer

life

Question 2

BRICS is the acronym of Brazil, Russia, India, China and South Africa. They set up New Development Bank. At which of the following places, this bank is located?

Accepted Answer

Shanghai

Answer

Mumbai

Answer

Moscow

Answer

New Delhi

Question 3

Which of the following statement is not correct?

Accepted Answer

Acquiring shares are disintegrated from FDI

Answer

Many parent enterprise provide FDI because of the tax incentives that they got

Answer

Both A and B

Answer

None of the above

Question 4

Which of the following environmental factor is not the reason of political stability?

Accepted Answer

Production cost of goods

Answer

Government policies

Answer

War

Answer

Social grudge

Question 5

Which one of the following receipts is of revenue nature?

Accepted Answer

Dividend received on investment

Answer

Amount realized from the sale of investments

Answer

Amount borrowed from a bank

Answer

Compensation received from municipal corporation for the acquisition of land for the construction of road

Question 6

Consider the following statements. Assertion (A): International business focuses on global resources, opportunities to buy/sell worldwide. Reason (R): The efforts of IMF, World Bank and WTO to liberalise their economies led to globalization.

Accepted Answer

Both (A) and (R) are true

Answer

Both (A) and (R) are false

Answer

(A) is true, but (R) is false

Answer

(A) is false, but (R) is true

Question 7

Which of the following statements is/are incorrect?

Accepted Answer

WTO cannot be described as a 'free trade' institution

Answer

The WTO is the embodiment of the Uruguay Round Result

Answer

WTO was established on 1st January, 1995

Answer

All of the above

Question 8

Match List-I and List-II and select the correct answer using the option given below the lists. List-I List-II a. Free trade area 1. No restriction on trade and factor movement b. Customs union 2. Trade is free and no customs duties c. Common market 3. No customs duties; duties on non-members d. Economic union 4. Advanced stage of integration

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 9

The . . . . . . . . include the value of merchandise exports and the value of merchandise imports.

Accepted Answer

goods account

Answer

service account

Answer

liquidity account

Answer

None of these