Business Environment and International Business MCQs

Which of the following deficits are true in their representation? (1) Budget deficit = Total expenditure - Total receipts (2) Revenue deficit = Revenue expenditure - Revenue receipts (3) Fiscal deficit = Total expenditure - Total receipts except borrowings (4) Primary deficit = Fiscal deficit - Interest payments

Which of the following is an example of an issue for which an agreement has not been made between two or more countries?

Which among the following is an essential characteristic of mixed economy?

IMF has raised the quota and voting share of India, which places India at the . . . . . . . . place among 184 members of the organisation.

Match the following. List-I (Theories of International Trade) List-II (Features) a. Theory of reciprocal demand 1. Through specialisation, countries could increase their efficiency. b. Theory of absolute advantage 2. It emphasises the demand side as well. c. Theory of mercantilism 3. It assume that there is only one factor of production. d. Theory of comparative cost 4. Countries should export more than they import.

Consider the following statement and identify the right ones. 1. India adopted LERMS in 1992. 2. In 1993, dual exchange rate system was replaced by a unified floating exchange rate.

Consider the following statements. Assertion (A): The formal banking system was started after the entry of Britishers into India Reason (R): There was a loophole in the informal banking which was practiced in India

The theory of reciprocal demand is developed by . . . . . . . .

What are the objectives of international trade?