Business Environment and International Business MCQs

Question 1

Board of executive director of IMF may be appointed for

Accepted Answer

2 years

Answer

6 years

Answer

8 years

Answer

None of these

Question 2

Economic environment is affected by

Accepted Answer

Both A and B

Answer

law and order

Answer

domestic economic condition

Answer

None of the above

Question 3

"The environment of business consists of all those external things to which it is exposed and by which it may be influenced, directly or indirectly". This statement was said by

Accepted Answer

Reinecke and Schoell

Answer

Wleer and Torch

Answer

Copen

Answer

Arthur M. Weimer

Question 4

Which of the following would normally result from an increase appreciation in country's exchange rate? (i) A fall in the country's rate of inflation (ii) A rise in the volume of its exports (iii) An improvement in its terms of trade (iv) A surplus on its current account

Accepted Answer

(i) and (iii) only

Answer

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

Answer

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

Answer

(ii) and (iv) only

Question 5

Which of the following statements is incorrect?

Accepted Answer

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

Answer

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

Answer

Both A and B

Answer

None of the above

Question 6

Which of the following is not an element of social environment?

Accepted Answer

Policies of competition

Answer

Tendency of population

Answer

Individual needs

Answer

Cultural elements

Question 7

Which of the following is true?

Accepted Answer

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

Answer

Professional services are outside the purview of the CPA

Answer

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

Answer

None of the above

Question 8

Which among the following are full member countries of ASEAN? (1) Brunei Darussalam (2) Cambodia (3) Vietnam (4) Myanmar (5) Sri Lanka

Accepted Answer

1, 2, 3 and 4

Answer

1, 2 and 5

Answer

1, 2, 3 and 5

Answer

2, 3, 4 and 5

Question 9

The theory of comparative advantage assumes single factor of production, i.e.

Accepted Answer

labour

Answer

land

Answer

capital

Answer

All of these