Business Environment and International Business MCQs

Question 1

At the 2013 Bali Ministerial Conference, much of the focus was on a proposal to shield public stockholding programs for food security in developing countries, so that they would not be challenged legally even if a country's agreed limits for trade-distorting domestic support were breached. This is linked with administered price. Farming nations wanted it to be linked with 'green box' subsidies. This interim solution is called as:

Accepted Answer

Peace Clause

Answer

Green box clause

Answer

Amber box clause

Answer

Blue box clause

Question 2

Consider the following statements. Assertion (A): International business has grown in more recent years at a faster pace than global production. Reason (R): Growth through trade has increased, but growth through foreign direct investment has not.

Accepted Answer

(A) is correct bur (R) is incorrect

Answer

Both (A) and (R) are correct

Answer

(A) is incorrect but (R) is correct

Answer

Both (A) and (R) are incorrect

Question 3

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

Accepted Answer

Mercantilism originated in Britain

Answer

Mercantilism supported Autarky

Answer

Mercantilism was based on the ideology of globalisation

Answer

All of the above

Question 4

Which one of the following is not a feature of Business Process Outsourcing (BPO)?

Accepted Answer

It decreases organizational capabilities

Answer

It enables executives to concentrate on strategy

Answer

It improves process and saves money

Answer

None of the above

Question 5

In recent years which among the following countries has been the largest source of foreign investment in India due to Double Taxation Avoidance Agreement?

Accepted Answer

Mauritius

Answer

Australia

Answer

Japan

Answer

China

Question 6

Which of the following is not studied in business environment?

Accepted Answer

National income

Answer

Cultural customs

Answer

Management of business function

Answer

All of the above

Question 7

Which of the following are modes of service supply of GATS?

Accepted Answer

Both A and B

Answer

Consumption abroad

Answer

Cross border services

Answer

None of these

Question 8

In balance of payment accounts, all goods exported and imported are recorded in

Accepted Answer

Visible A/c

Answer

Capital A/c

Answer

Invisible A/c

Answer

Merchandise A/c

Question 9

Which one of the following is not correct?

Accepted Answer

Customs Union among a group of countries means that they eliminate import tariffs against one another, coordinate their macro policies and impose a common tariff wall against the rest of the world

Answer

Free Trade Area among a group of countries means that they eliminate import tariffs against one another but maintain their original tariff levels against the rest of the world

Answer

In a common market the member countries eliminate import tariffs against the rest of the world

Answer

In an Economic Union, the member countries eliminate import tariffs against one another, allow free mobility to factors between them, coordinate their macro-policies and maintain a common tariff wall against the rest of the world