Business Environment and International Business MCQs

Question 1

Consider the following statements. Assertion (A): The major economic powers have succeeded in creating a new international regime where the profits and the dominance of their transnational corporations will be the decisive consideration. Reason (R): This regime will legitimize the process of progressive erosion of the sovereign economic space of the third-world countries.

Accepted Answer

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

Answer

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

Answer

Both (A) and (R) are incorrect

Answer

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

Question 2

Match the items of List-I with the items of List-II and select the correct answer with the options given below. List-I List-II a. SAARC 1. Philippines b. ASEAN 2. Canada c. EU 3. Afghanistan d. NAFTA 4. Hungary

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 3

Main objectives of CRR and SLR is to ensure (i) Liquidity position of Bank (ii) Financial position of Bank (iii) Profit position of Bank

Accepted Answer

Only (i) is correct

Answer

Only (ii) is correct

Answer

Only (iii) is correct

Answer

All are correct

Question 4

Match the following. List-I List-II a. Capitalist economy is the economy in which 1. Condition of complete employment b. Main feature of capitalist economy 2. Mixed economy c. Main feature of socialist economy is 3. Skilled production d. Capitalist and socialist economy includes 4. Individual ownership own main sources of production and distribution

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 5

Countries joining World Bank after 31 st December, 1945 come under category of

Accepted Answer

general member

Answer

founder member

Answer

temporary member

Answer

permanent member

Question 6

World Trade Organization is located in Geneva, Switzerland and it has 164 members. WTO was created on 1 st January 1995 by:

Accepted Answer

Uruguay Round negotiations

Answer

Tokyo Round negotiations

Answer

Washington consensus

Answer

Doha round negotiations

Question 7

Match the following. List-I (Levels of Integration) List-II (Features) a. Customs union 1. It allows for the free mobility of capital and labour across countries b. Common market 2. Its example is NAFTA c. Free trade area 3. It occurs when a group of countries agree to eliminate a set of common external tariffs on imports

Accepted Answer

a-3, b-1, c-2

Answer

a-3, b-2, c-1

Answer

a-2, b-3, c-1

Answer

a-1, b-2, c-3

Question 8

Match the items of List-II and with the items of List-I relating to WTO impact: List-I List-II a. NAMA 1. Liberalization of international investments. b. GATTS 2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries. c. TRIM's 3. Liberalization of trade in goods and ser-vices. d. TRIP's 4. Provides monopoly power to owners of intellectual property.

Accepted Answer

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

Answer

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

Answer

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

Answer

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

Question 9

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

List-I	List-II
a. SAARC	1. Philippines
b. ASEAN	2. Canada
c. EU	3. Afghanistan
d. NAFTA	4. Hungary

List-I	List-II
a. Capitalist economy is the economy in which	1. Condition of complete employment
b. Main feature of capitalist economy	2. Mixed economy
c. Main feature of socialist economy is	3. Skilled production
d. Capitalist and socialist economy includes	4. Individual ownership own main sources of production and distribution

List-I (Levels of Integration)	List-II (Features)
a. Customs union	1. It allows for the free mobility of capital and labour across countries
b. Common market	2. Its example is NAFTA
c. Free trade area	3. It occurs when a group of countries agree to eliminate a set of common external tariffs on imports

List-I	List-II
a. NAMA	1. Liberalization of international investments.
b. GATTS	2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries.
c. TRIM's	3. Liberalization of trade in goods and ser-vices.
d. TRIP's	4. Provides monopoly power to owners of intellectual property.

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