Business Environment and International Business MCQs

Question 1

Which of the following can be termed as the tax shifting?

Accepted Answer

To shift the tax burden on others

Answer

To bear the tax burden himself

Answer

To bear some part of the tax himself and shift the rest on others

Answer

None of these

Question 2

Which of the following statement is/are correct

Accepted Answer

Both A and B

Answer

Globalisation implies integration of the economy of the country with rest of the world economy

Answer

Globalisation focussed on industrialisation

Answer

None of the above

Question 3

Assertion (A): Special Drawing Rights (SDRs) have the characteristics of an international currency. Reason (R): SDRs were introduced to increase international liquidity.

Accepted Answer

Both A and R are individually true and R is the correct explanation of A

Answer

Both A and R are individually true, but R is NOT the correct explanation of A

Answer

A is true but R is false

Answer

A is false but R is true

Question 4

The 'Terms of Trade' (ToT) refer to the following statement

Accepted Answer

the ratio between export prices and import prices

Answer

the excess of import expenditures over export earnings

Answer

trade agreements

Answer

the terms and conditions on which a country is offered loan in the event of balance of payments difficulties

Question 5

Match the following. List-I List-II a. Internal environment 1. Skilled labour b. External environment 2. Financial and physical resources c. Financial resources 3. Customer and competitor d. Human resources 4. Financial and profitable use of funds

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 6

Match the following with the year of establishment. List-I List-II a. World Trade Organization 1. 1993 b. Uruguay Round Negotiation 2. 1995 c. WTO - Trade Policy Review Body 3. 1997 d. The Patents (Amendment) Act 4. 1999

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 7

Which of the following statement(s) is/are correct? 1. Profit advantage is objective of international business. 2. International business helps in removing domestic market constraints. 3. International business shrink business risk.

Accepted Answer

All of the above

Answer

Only 1

Answer

Only 2

Answer

Both 1 and 2

Question 8

Which one of the following service is not covered under Consumer Protection Act?

Accepted Answer

The service of a teacher

Answer

The service of a lawyer

Answer

The service of a doctor

Answer

The service of a banker

Question 9

The balance of payment is an . . . . . . . . system.

Accepted Answer

accounting

Answer

social

Answer

Both A and B

Answer

None of these