Business Environment and International Business MCQs

Question 1

Which statement is true in relation to the way of the arrival of foreign direct investment in India?

Accepted Answer

In relationship to FDI coming through automatic route, no prior approval in required from the government or the Reserve Bank

Answer

Automatic route in called Delhi route

Answer

FIPB works under the ministry of industry

Answer

FIPB is authorised to approve the investment of upto 1,200 crore

Question 2

. . . . . . . . of business activities is done in business environment.

Accepted Answer

Management

Answer

Planning

Answer

Coordination

Answer

None of these

Question 3

Mercantilism was known as . . . . . . . . in France.

Accepted Answer

colbertism

Answer

physiocratism

Answer

cameralism

Answer

None of the above

Question 4

Long-term financial assistance for development purpose is provided by

Accepted Answer

World Bank

Answer

IMF

Answer

ADB

Answer

WTO

Question 5

Match the following. List-I List-II a. The Essential Commodities Act 1. 1937 b. Agricultural Products Grading and Marketing Act 2. 1958 c. The Prevention of Food Adulteration Act 3. 1955 d. Trademarks and Merchandise Marks Act 4. 1954

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 6

The . . . . . . . . environment is composed of laws, government agencies and pressure groups.

Accepted Answer

political-legal

Answer

demographic

Answer

economic

Answer

social-culture

Question 7

Which of the following statements in relation to the Five Forces framework is correct?

Accepted Answer

the framework is a means of identifying the forces which affect the level of competition in an industry or sector

Answer

the framework assists in developing a broad perspective on the environment within which an organization is operating

Answer

it is not appropriate in public sector management

Answer

the framework identifies the major stakeholders of an organization

Question 8

A stable and dynamic political environment is indispensable for

Accepted Answer

business growth

Answer

enhancing the export

Answer

increasing participation

Answer

Both A and B

Question 9

The apex consumer court in India is referred to as

Accepted Answer

National Consumer Disputes Redressal Commission

Answer

The Consumer Education and Research Centre

Answer

The Consumer Unity and Trust Society

Answer

None of the above