Business Environment and International Business MCQs

Question 1

Anti-dumping duties are used to

Accepted Answer

offset the margin of dumping

Answer

punish domestic consumers for buying high priced imported goods

Answer

discourage foreign governments from subsidising their exporters

Answer

reduce the tariff revenue of the domestic government

Question 2

Match the following. List-I List-II a. Adam Smith 1. Availability b. David Ricardo 2. Endowment c. Ohlin 3. Absolute advantage d. I. B. Kravis 4. Comparative advantage

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 3

The main objective of the World Trade Organization is to secure among others is

Accepted Answer

A reduction in tariffs through negotiation, elimination of import quotas and globalization of international trade

Answer

A general agreement among Common Market Countries on technical training and mutual prices of traded goods

Answer

The maintenance of intellectual property rights and patent rights of member countries

Answer

An improvement in the USA's terms of trade in the next decade

Question 4

Under communism, which of the following persons gave the surplus value theory of wage?

Accepted Answer

Karl Marx

Answer

David Ricardo

Answer

Adam Smith

Answer

F. A. Walker

Question 5

Which of the following can not be included in objectives of globalisation?

Accepted Answer

It enhance unemployment

Answer

It focused on industrialisation

Answer

It emphasised on free flow of capital

Answer

None of the above

Question 6

Which one is not an international organization?

Accepted Answer

CBDT

Answer

SAARC

Answer

ASEM

Answer

ASEAN

Question 7

Which of the following are the benefits of creating MNCs? (1) Costs can be reduced (2) Expansion of sales (3) Secured supply (4) Development of conducive organizational structure (5) Technology Transfer to the recipient nation

Accepted Answer

1, 2, 3, 4 and 5

Answer

2, 3, 4 and 5

Answer

1, 3, 4 and 5

Answer

1, 3 and 5

Question 8

Which policy helps in modifying investment structure of on economy?

Accepted Answer

Fiscal policy

Answer

Monetary policy

Answer

Budget

Answer

Foreign trade policy

Question 9

Which of the following is part of current account?

Accepted Answer

Both A and B

Answer

Merchandise exports

Answer

Merchandise imports

Answer

Neither A nor B