Business Environment and International Business MCQs

Question 1

Business conglomerates have different names in different countries. Which country's conglomerates are called 'Chaebols'?

Accepted Answer

South Korea

Answer

Japan

Answer

Germany

Answer

China

Question 2

Which of the following expressions amount to the import restriction measures? (i) currency control (ii) establishment of EPZs (iii) tariff cuts (iv) imposition of tariffs (v) imposition of non-tariff barriers

Accepted Answer

(i), (iv) and (v)

Answer

(i), (ii) and (iii)

Answer

(iii), (iv) and (v)

Answer

(ii), (iii) and (v)

Question 3

What is the importance of globalisation for multinational firms?

Accepted Answer

Regions are no longer important in global competition

Answer

Home demand, home factor conditions and domestic rivalry are no longer important to multinational firms

Answer

A multinational firm can gain a competitive advantage in a foreign country

Answer

The home base is no longer important to multinational firms

Question 4

Which of the following statements is/are incorrect?

Accepted Answer

On 30th June, 2011, 187 countries were members of the World Bank

Answer

The initial authorised capital of the World Bank was $ 10,000 billion

Answer

The World Bank has 40 founder members

Answer

All of the above

Question 5

If a country has deficit in balance of current account, balance of capital account will be

Accepted Answer

surplus

Answer

zero

Answer

deficit

Answer

None of these

Question 6

Consumers have the right: (i) to be protected against goods and services that are hazardous to life and property (ii) to be assured, wherever possible, of access to a variety of goods and services at national price.

Accepted Answer

Both (i) and (ii) are correct

Answer

Both (i) and (ii) are wrong

Answer

Only (i) is correct

Answer

Only (ii) is correct

Question 7

Match the items of List-I with items in List-II and select a correct answer: List-I List-II a. Current account 1. Official capital b. Capital account 2. Reserves from foreign countries c. Unilateral payments 3. Reparations d. Official statement account 4. Visible exports and imports

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 8

Globalisation is a process of integration of world economics to realise the benefits of geography, demography, cost and efficiency. Which three characteristics represent globalisation? 1. Increasing space 2. Shrinking space 3. Strengthened borders 4. Shrinking time 5. Disappearing borders Select the correct answer using the options given below

Accepted Answer

2, 4 and 5

Answer

2, 3 and 4

Answer

1, 2 and 4

Answer

1, 3 and 4

Question 9

The World Bank and the IDA are . . . . . . . . International Financial Institutions.

Accepted Answer

complementary

Answer

private

Answer

different

Answer

same