Business Environment and International Business MCQs

Globalization is a term used to describe the process of removal of restrictions on which of the following?

Strategies and policies

The balance of payments of a country on Current Account is equal to:

Assertion (A): Amended Patent Act, in compliance with WTO, provides for grant of product patent as well as a process patent for a period of 20 years from the date of application. Reason (R): Under the Act, patent may be granted to an invention which means a new product or process involving an inventive step and capable of industrial application, a technical advance over existing knowledge.

Assertion (A): Operating style of the international business can be spread to the entire globe. Reason (R): The style is limited to the internal economy only.

The forces that lend momentum to the process of globalisation have been identified by Michael Porter include the following 1. Fluid global capital market 2. Technological restructuring 3. Decreasing religious command 4. Ethnic decontrol 5. New global competitors 6. End of the cold war in 1990s

Match List-I with List-II and select the correct answer: List I List II a. Accommodating capital flow 1. Creation of international reserve assets by the IMF and their allocation among member countries in order to improve international liquidity b. Autonomous capital flow 2. Estimate of foreign exchange flow on account of either variations in the collection of related figures or unrecorded illegal transactions of foreign exchange c. SDR Allocation 3. Inflow of foreign exchange to meet the balance of payments deficit, normally from the IMF d. Statistical discrepancy 4. Flow of loans/investments in normal course of business.

From the following modes of international business, identify the mode which involves strategic alliance.

Which of the following is deemed to be a very important factor that provides competitive advantage to a business organization?