Business Environment and International Business MCQs

Question 1

Environment related elements which are closely related with business are known as

Accepted Answer

special environment

Answer

macro environment

Answer

general environment

Answer

All of these

Question 2

Import quotas tend to result in all of the following except,

Accepted Answer

domestic producers of the imported good being harmed

Answer

domestic consumers of the imported good being harmed

Answer

prices increasing in the importing country

Answer

prices falling in the exporting country

Question 3

Examine the following statements and choose the correct answer. Statement-I: FIIs do not invest in unlisted securities. They participate only through Stock Exchanges. Statement-II: FIIs cannot invest at the time of initial allotment.

Accepted Answer

Both the statements are wrong

Answer

Both the statements are correct

Answer

Statement-I is correct but the statement-II is wrong

Answer

Statement-I is wrong but the statement-Il is correct

Question 4

Business includes

Accepted Answer

Economic activities

Answer

Non-economic activities

Answer

Social activities

Answer

Production activities

Question 5

Analyzing processes of change in the business environment involves conceptualizing it as

Accepted Answer

Diverse

Answer

Complex

Answer

Static

Answer

Dynamic

Question 6

Which of the following statement(s) is/are incorrect?

Accepted Answer

None of the above

Answer

Currently, IMF has 187 members

Answer

Each member country of IMF nominates a Governor

Answer

Both A and B

Question 7

Which of the following is not the responsibilities of the consumers?

Accepted Answer

The consumer should make vague complaints

Answer

The consumer should make a specific complaint with supporting exidence

Answer

The consumer should, as a rule complain against a system and not attack individuals who are incumbents of post

Answer

Consumers, in asserting their rights should not inconvenience or hurt other sections of the public

Question 8

Which of the following refers to the system of moral principles and rules of conduct applied to business?

Accepted Answer

Business ethics

Answer

Business culture

Answer

Business

Answer

Society

Question 9

Under the gold-standard inflow of gold from the deficit to the surplus nation result in: (1) a fall in the interest rate in the surplus nation. (2) fall in the interest rate in the deficit nation. (3) an outflow of capital from surplus to deficit nation. (4) an outflow of capital from deficit to surplus nation. Of the above statements:

Accepted Answer

2 and 3 are correct

Answer

1 and 4 are correct

Answer

1 and 3 are correct

Answer

2 and 4 are correct