Business Environment and International Business MCQs

Question 1

The World Bank is formed as . . . . . . . . body of IMF.

Accepted Answer

complementary

Answer

supplementary

Answer

legal

Answer

None of these

Question 2

What are the assumptions of Heckscher-Ohlin Model?

Accepted Answer

All of the above

Answer

No obstruction to trade

Answer

Commodities and factor are perfectly competitive

Answer

Both countries operate at same level of efficiency

Question 3

Match the items of List-I with items of List-II. List-I List-II a. Wider Market 1. Modes of Entry b. Turn-key Projects 2. Goal of International Business c. Expanding the production 3. Advantages of International Business capacities d. Geocentric approach 4. Stage of Globalization

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 4

The Foreign Investment Promotion Board has now been replaced with Foreign Investment Facilitation Portal (FIFP) in May 2017 that revamps the rules and regulations pertaining to:

Accepted Answer

Foreign investments

Answer

Accounting of Foreign Investment

Answer

Investment by NRIs

Answer

All of the above

Question 5

Concessions mainly multinational in character come under the principle of

Accepted Answer

Reciprocity

Answer

Non-discrimination

Answer

Market Access

Answer

Fair Competition

Question 6

Consider the following statements. Assertion (A): WTO is seeking to create free trade. Reason (R): There is apprehension that a regional trading bloc such as EU can lead to protectionism.

Accepted Answer

Both (A) and (R) are correct and (R) is the right explanation of (A)

Answer

Both (A) and (R) are correct, but (R) is not the right explanation of (A)

Answer

(R) is correct, but (A) is not correct

Answer

Both (A) and (R) are incorrect

Question 7

Who has shown how international trade leads to equalisation of factor prices?

Accepted Answer

Bertil Ohlin

Answer

J. M. Keynes

Answer

David Ricardo

Answer

None of these

Question 8

Match the items given in List-I with the most appropriate items in List-II: List-I List-II a. UNCTAD 1. Foreign investment b. WTO 2. Developing Countries c. TRIMS 3. UNDP d. ITC 4. General Council

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 9

In 1958, bank established . . . . . . . . for providing specific economic assistance to India.

Accepted Answer

Both A and B

Answer

India Aid Club

Answer

India Development Forum

Answer

None of the above