Business Environment and International Business MCQs

Consider the following statements. Assertion (A): The major economic powers have succeeded in creating a new international regime where the profits and the dominance of their transnational corporations will be the decisive consideration. Reason (R): This regime will legitimize the process of progressive erosion of the sovereign economic space of the third-world countries.

All of the following are the features of globalization process except one. Which one is the exception?

Foreign policy decision makers, for spreading their information, rely on

This integration form includes the development of a common market by harmonization of national economic policies, such as competition policy, financial regulations, product standards, etc.

Characteristics such as age, income or gender are examples of

Match the following. List-I (Theories of International Trade) List-II (Founders) a. Theory of reciprocal demand 1. David Ricardo b. Theory of absolute advantage 2. Adam Smith c. Theory of comparative advantage 3. Raymond Vernon d. Product life cycle theory of trade 4. John Stuart Mill

Which one of the following is not an element of internal environment?

All of the following are included as invisible items on the current account of balance of payments except which one?

From the following statements of Assertion (A) and Reason (R), indicate the correct answer. Assertion (A): Industrial liberalization became an imperative condition for the growth of forces of competition leading to high efficiency and productivity in Indian industries. Reason (R): Industrial development and curbing of poverty is only possible through government intervention.