Which one is not an international organisation?
A. SAARC
B. ASEM
C. ASEAN
D. CBDT
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Statement I: WTO is only international organisation which deals with the rules of trade between organisations.
Statement II: The limit of holding by individual foreign institutional investors in a company has been raised from 5 to 10% of company's share while the aggregate limit has been increased from 24 to 34%.
A. Statement I is correct, but Statement II is incorrect
B. Statement II is correct, but Statement I is incorrect
C. Both the Statements I and II are correct
D. Both the Statements I and II are incorrect
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The highest percentage of export from India went to which of the following regions in 2013-14?
A. OECD countries
B. USA
C. SAARC
D. Latin America
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GOP at factor cost is:
A. P(Q) + P(S)
B. GDP - IT - S
C. GDP + DT + S
D. GDP - DT + S
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Which one is not the form of FDI?
A. Purchases of existing assets in foreign currency
B. New investment in property, plant, equipment
C. Making investment in the mutual funds
D. Transfer of many types of assets
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Franchising is a practice of
A. leasing for a prescribed period of time, the right to use firm's successful business model and brand
B. Selling out a successful business model and brand
C. Hiring a firm's successful business model and brand
D. None of the above
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Which one of the following matches correspond to the member and observer countries of the SAARC?
1. India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Afghanistan, Maldive
2. Iran, China, Japan, USA, South Korea, European Union
3. Pakistan, Nepal, India, Bangladesh, Iran
4. UK, USA, North Korea, South Africa
Select the correct answer:
A. Both 3 and 4
B. Both 2 and 4
C. Both 1 and 2
D. Both 2 and 3
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Out of the following, which are the important objectives of IMF?
1. To promote exchange rate stability.
2. To create standby reserves.
3. To print international currency notes.
4. To establish a multilateral system of payments.
5. To maintain orderly exchange rate stability.
6. To create employment
Select the correct answer:
A. 2, 4, 5 and 6
B. 3, 5 and 6
C. 1, 2, 4 and 5
D. 1, 2, 5 and 6
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In international trade, which of the following is a non-tariff trade barrier?
A. Quotas
B. Import bans
C. Export controls
D. Anti-dumping laws
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Indicate the ground on which a complaint under the Consumer Protection Act, 1986 shall be invalid?
A. A product having short weight
B. A service provided free of cost
C. A misleading advertisement given in newspaper
D. None of the above
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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.
A. Both (A) and (R) are true and (R) is the correct explanation of (A)
B. Both (A) and (R) are true, but (R) is not the correct explanation of (A)
C. (A) is true, but (R) is false
D. (A) is false, but (R) is true
Select an option to see the answer and solution.
Indicate what is incorrect in respect of the Consumer Protection Act, 1986?
A. No complaint can be entertained in respect of a product purchased more than 2 years back
B. A complaint against medical negligence can be filed by legal heir or representative of the deceased
C. A complaint involving a claim of Rs. 15 lakh is to be filed before the state commission
D. Both A and C
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Which among the following is not an international economic institution?
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The Foreign Investment Promotion Board (FIPB) revamps the rules and regulations pertaining to
A. Accounting of foreign investment
B. Investment by NRIs
C. Foreign investments
D. All of the above
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The 'balance of payments' of a country is a systematic record of
A. All import and transactions of a during a given period normally a year
B. Goods exported from a country during a year
C. Economic transaction between the government of one country to another
D. Capital movements from one country to another
Select an option to see the answer and solution.
The basic objective of playing regulatory role by government is to:
A. Prevent the market structure from becoming monopolistic
B. Developing the small and new entrepreneurs
C. Promoting welfare of weaker sections of the society
D. All of the above
Select an option to see the answer and solution.
Match the items of
List I with the items of
List-II and select the correct answer:
List-I
List-II
a. Rival firms
1. External environment
b. Technology
2. Social and cultural Environment
c. Improving quality
3. Internal environment
d. Ethics in business
4. Global environment
A. a-1, b-2, c-3, d-4
B. a-2, b-3, c-4, d-1
C. a-3, b-1, c-4, d-2
D. a-4, b-1, c-2, d-3
Select an option to see the answer and solution.
Which one of the following is not an element of internal environment?
A. Mission/Objectives
B. Human resources
C. Customers
D. Shareholders values
Select an option to see the answer and solution.
In which one of the following modes of entry into foreign market are risk and profit potential the highest?
A. Indirect exporting
B. Direct exporting
C. Direct investment
D. Joint venture
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The companies having business in a large number of countries around the world at present are called
A. Transnational Corporations (TNCs)
B. Multinational Corporations (MNCs)
C. Global Corporations (GCs)
D. Multinational Enterprises (MNEs)
Select an option to see the answer and solution.