Business Environment and International Business MCQs

Match List-I with List-II and select the correct answer:

List-I	List-II
a. Fiscal policy	1. Mitigation of national hazards
b. Technology policy	2. Balance of payment
c. Macro-economic policy	3. Fiscal federalism
d. Monetary policy	4. Inflation

Match the items of List I with the items of List-II and choose the correct answer:

List-I	List-II
a. Balance of trade	1. Imports and exports of goods and services and unilateral transfer of goods and services
b. Current account	2. Transactions leading to changes in the financial assets and liabilities of a country
c. Balance of payments	3. All economic transactions between a country's residents and residents of other countries
d. Capital account	4. Value of exports and imports of a country

Match the following.

List-I	List-II
a. Natural environment	1. High research and development budget
b. Technological environment	2. People's view on nature
c. Political environment	3. Increase cost of energy
d. Cultural environment	4. Increase in public interest group

Which of the following is/are correct in context to Exim Bank?
1. Non-banking financial company
2. Commercial bank
3. Non-financial company
Select the correct answer using the options given below

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.

Match the following List-I with List-Il and select the correct answer.

List-I	List-II
a. Comparative Cost Theory of International Trade	1. Gottfried Haberler
b. International Theory of Opportunity Cost	2. J. S. Mill
c. Factor Endowment Theory of International Trade	3. David Ricardo
d. Doctrine Of Reciprocal Demand	4. Hecksher Ohlin

The important responsibilities of a business to the customers are
(i) To ensure family welfare of the customers.
(ii) To understand customer needs and to take the necessary measures to satisfy these needs.
(iii) To ensure health condition of the customers.
(iv) To ensure that the product supplied has no adverse effect on the customer.
(v) To provide an opportunity for being heard and to redress genuine grievances.

Which among the following are important bodies of WTO?
(i) Dispute Settlement Body
(ii) NAFTA
(iii) Trade Policy Review Body
(iv) ASEAN
(v) Council for Trade in Goods
(vi) IBRD
(vii) Council for Trade related aspects of Intellectual Property Rights
(viii) GATT
An appropriate combination is

Consider the following statements.
Assertion (A): The 'Balance of Payments' presents a classified record of all receipts on account of goods exported, services rendered and capital received by 'residents' and payments made by them on account of goods imported and services received from capital transferred to 'non-residents' or 'foreigners'.
Reason (R): The 'Balance of Payments' of a country is a systematic record of all economic transactions between the 'residents' of a country and the rest of the world.