Business Environment and International Business MCQs
Practice free Business Environment and International Business multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 873 questions — no login required.
Question 766hard
Consider the following statements.
Assertion (A): TRIPS requires an understanding about the scope of the new patent regime.
Reason (R): Patent protection will be extended to microorganisms, non-biological and microbiological processes and plant varieties.
Assertion (A): TRIPS requires an understanding about the scope of the new patent regime.
Reason (R): Patent protection will be extended to microorganisms, non-biological and microbiological processes and plant varieties.
Question 767hard
Which of the following are the main benefits of international trade?
(1) Specialization benefits world trade as it enables different nations with differings kills and resources to gain the rewards from the division of labour.
(2) There is potential gain of economies of scale when there is good size of market.
(3) Competition is fostered by free trade.
(4) Lower prices are greater choices to consumers.
(1) Specialization benefits world trade as it enables different nations with differings kills and resources to gain the rewards from the division of labour.
(2) There is potential gain of economies of scale when there is good size of market.
(3) Competition is fostered by free trade.
(4) Lower prices are greater choices to consumers.
Question 768hard
Match the following items of List-I with List-II.
| List-I | List-II |
| a. Bretton woods conference | 1. 1947 |
| b. General Agreement on Trade and Tariffs | 2. 1964 |
| c. ACCRA conference | 3. 1944 |
| d. United Nations Conference on Trade and Development | 4. 2008 |
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Question 769medium
Statement I: Companies with low cash reserves normally prefer licensing mode rather than foreign direct investment.
Statement II: Cash rich firms normally prefer foreign, direct investment.
Statement II: Cash rich firms normally prefer foreign, direct investment.
Question 770hard
Assertion (A): In 1991, government decided to allow all foreign investments to any industry without any restrictions.
Reason (R): Government has enhanced the investment limit of small scale industrial units.
Reason (R): Government has enhanced the investment limit of small scale industrial units.
Question 771hard
Match the items of List-I with items of List-II.
| List-I | List-II |
| a. Measures towards globalization | 1. Globalization |
| b. Off-shoring | 2. FEMA |
| c. FERA | 3. Liberalise the inflow of FDI |
| d. Mr. Arthur Dunkel | 4. Uruguay Round |
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Question 772hard
Match the items of List I with List II and indicate the correct matching.
| List-I | List-II |
| a. Micro external environment | 1. Economic and political factors |
| b. Macro external environment | 2. Competition among diverse products targetting disposable income of consumers |
| c. Non-price competition | 3. Input suppliers |
| d. Desire competition | 4. Sponsoring of events like sports |
Question 773medium
Arrange the following steps of export procedure in chronological order.
1. Order acceptance
2. Order placement
3. Goods removal from works
4. Goods readiness and documentation goods
1. Order acceptance
2. Order placement
3. Goods removal from works
4. Goods readiness and documentation goods