Which of the following statement/s is true about a Multi-National Corporation (MNC)?
A. An MNC is one which owns or controls production or service facilities in more than one country
B. MNCs can be ranked according to the amount of foreign assets they control
C. MNCs can be ranked according to a transnationality index
D. All of the above
Select an option to see the answer and solution.
There is a view that reduced rates on income tax would lead to a significant rise in income tax revenue. This view has been attributed to:
A. Herbert Simon
B. Arthur Laffer
C. Robert Lucas
D. J. B. Say
Select an option to see the answer and solution.
Which of the following best describes the term 'import cover', sometimes seen in the news?
A. It is the ratio of value of imports to the Gross Domestic Product of a country
B. It is the total value of imports of a country in a year
C. It is the ratio between the value of exports and that of imports between two countries
D. It is the number of months of import that could be paid for by a country's international reserves
Select an option to see the answer and solution.
India is a net exporter of hand-made carpets and an importer of high-tech product like computer memory chips and printers. This pattern of India trade is explained by the
A. Ricardian theory
B. Heckscher-Ohlin
C. Labour theory of value
D. Purchasing power parity theory
Select an option to see the answer and solution.
The World Bank began its operation in
A. June, 1950
B. June, 1946
C. July, 1944
D. August, 1950
Select an option to see the answer and solution.
Which of the following is a WTO procedure to promote globalization?
A. Promotion of free trade
B. Reduction of budgetary subsidies
C. Reduction in shipping costs
D. Promotion of foreign portfolio investment
Select an option to see the answer and solution.
Which among the following are criticisms given against World Trade Organization (WTO)?
(1) It is not a democratic and transparent institution.
(2) It has domination of international trade by rich countries for the benefit of their individual interests.
(3) It encourages a 'race to the bottom' in wages by pitting workers against each other rather than promoting internationally recognized labour standards.
(4) It is seeking to privatize essential public services.
A. 2, 3 and 4
B. 1, 2 and 3
C. 1, 2 and 4
D. 1, 2, 3 and 4
Select an option to see the answer and solution.
Which of the following is not a forum of Consumer Dispute Redressal System?
A. Local forum
B. District forum
C. State Forum (State Commission)
D. National Commission
Select an option to see the answer and solution.
Match the following components of Business Environment.
List-I
List-II
a. Economic environment
1. EXIM policy
b. Social environment
2. Customs
c. Political environment
3. Social values
d. Legal environment
4. Business Law and Banking Act
A. a-1, b-2, c-3, d-4
B. a-3, b-4, c-2, d-1
C. a-3, b-1, c-2, d-4
D. a-1, b-2, c-4, d-3
Select an option to see the answer and solution.
Match the items of
List-II with the items of
List-I relating to liberalization of agricultural trade.
List-I
List-II
a. Tariffication
1. They have demonstrably adverse effects on other member countries.
b. Prohibited subsidies
2. They act on goods which are contingent upon export performance.
c. Actionable subsidies
3. Replacement of existing non-tariff restrictions.
d. Non-actionable subsidies
4. For industrial research in disadvantaged regions.
A. a-2, b-3, c-1, d-4
B. a-4, b-1, c-2, d-3
C. a-3, b-2, c-1, d-4
D. a-2, b-4, c-3, d-1
Select an option to see the answer and solution.
Which of the following are engaged in external influence?
A. Political policies
B. Legal practices
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
What of the following can be significant benefit of analyzing and understanding business environment?
A. First-mover advantage
B. Competition
C. Information
D. Globalization
Select an option to see the answer and solution.
Foreign exchange reserves include
A. Gold Stock
B. US Dollar
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
Which of the following countries are 'Blend Borrowers'?
A. India
B. Indonesia
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
Each country in IMF nominates a (an) . . . . . . . . Governor who casts vote in the absence of the Governor.
A. additional
B. casual
C. alternate
D. None of the above
Select an option to see the answer and solution.
Companies benefit from direct investment by
A. access to foreign markets
B. access to foreign resources
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
Countries who are eligible for both IDA assistance due to low per capita income and credit worthy for some IBRD borrowing are called
A. conditional borrower
B. blend borrowers
C. participating borrowers
D. None of these
Select an option to see the answer and solution.
Which of the following statement(s) is/are incorrect?
A. Entrepot trade means sale of goods to a foreign country
B. Import trade means sale of goods to a foreign country
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Which of the following is element of internal environment?
A. Financial institution
B. Customers
C. Policies and objectives
D. All of these
Select an option to see the answer and solution.
An import tariff in a labour surplus economy distributes income in favour of
A. land lords
B. wages earners
C. owners of capitals and skills
D. governments
Select an option to see the answer and solution.