Which of the following is the part of development of competitive ability?
A. Product quality
B. Ignorance of cost
C. Least customer preference
D. All of the above
Select an option to see the answer and solution.
More companies operate internationally because
A. new products take time to become known globally
B. domestic companies competitors, suppliers and customers have become international
C. Both A and B
D. None of the above
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Which of the following is not matched correctly?
A. IBRD (estd.) ⇔ 1945
B. IFC (estd.) ⇔ 1948
C. IDA (estd.) ⇔ 1960
D. MIGA (estd.) ⇔ 1988
Select an option to see the answer and solution.
Consider the following statements.
Assertion (A): Internal factors of business environment are more controllable factors.
Reason (R): These factors can be altered or modified in the desired manner to suit the environment.
A. Both (A) and (R) are correct
B. (A) is correct, but (R) is incorrect
C. Both (A) and (R) are incorrect
D. (A) is incorrect
Select an option to see the answer and solution.
One of the advantages of free trade is improvements in the distribution of income. Free trade thus results in some income redistribution by
A. Raising the income of the poor
B. Lowering the income of the rich
C. Raising the income of the poor and lowering the income of the rich
D. Lowering the prices of the scarce factor and raising the price of the abundant factor
Select an option to see the answer and solution.
NAFTA came into force from January, 1994 embracing:
A. The USA, Canada, Cuba, Trinidad and Tobago
B. The USA, Canada, Mexico
C. Cuba, Mexico, USA, Havana
D. Trinidad, The USA, Mexico
Select an option to see the answer and solution.
Which of the following is not true about high-context cultures?
A. Lawyers are less important
B. Negotiations are lengthy
C. People make a big deal out of private space
D. Competitive bidding is less important
Select an option to see the answer and solution.
Countries joining World Bank after 31st December, 1945 come under category of
A. founder member
B. general member
C. temporary member
D. permanent member
Select an option to see the answer and solution.
In order to overcome the ambiguity of foreign direct investment and foreign institutional investment in India, four member committee has been appointed under the chairmanship of
A. Manmohan Singh
B. P. Chidambaram
C. Raghuram Rajan
D. Arvind Mayaram
Select an option to see the answer and solution.
To assess the potential of international markets, organizations generally compare nations with respect to
A. political regime
B. demographics, GNP/capita and 'consumer preferences'
C. consumer preferences
D. demographics, GNP/capita
Select an option to see the answer and solution.
International liquidity comprises which four of the following?
(i) Gold held by Central Banks
(ii) Gold held by families
(iii) Forex Reserve held by Commercial Banks
(iv) Mineral wealth
(v) SDRs
(vi) Borrowing facilities
(vii) NRIs FDRs
(viii) Credit facilities available under AWAP
A. (i), (ii), (iii), (iv)
B. (ii), (iii), (iv), (viii)
C. (i), (iii), (v), (viii)
D. (iii), (iv), (vii), (viii)
Select an option to see the answer and solution.
Which of the following are items of invisible transaction?
A. International transportation of goods including ware house
B. Travel for reasons of business, education, health etc
C. Insurance premium and payment of claims
D. All of the above
Select an option to see the answer and solution.
World Bank provides loan to the member country
A. from own funds
B. from borrowings
C. by guarantee
D. All of these
Select an option to see the answer and solution.
Consider the following statements.
Assertion (A): The member nations facing balance of payments crisis can approach the IMF seeking redressal
of the BOP crisis.
Reason (R): The goal of world leaders who attended Bretton wood conference in 1944 was to promote international monetary cooperation so as to reduce the repetition of world war type conflicts.
A. (A) is correct, and (R) is correct explanation of (A)
B. (A) is correct, but (R) is wrong
C. (R) is correct and (A) is wrong
D. Both (A) and (R) are wrong
Select an option to see the answer and solution.
Which of the following is a rationale for governments imposing offensive trade and investment barriers?
A. The protection of domestic industries
B. The promotion of national security
C. The pursuit of public policy objectives
D. The support of special interest
Select an option to see the answer and solution.
Which of the following is not a part of the economic environment of business?
A. Competitive environment
B. Economic system
C. Changes in patent laws
D. None of these
Select an option to see the answer and solution.
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
4. Visible Exports Account and Imports
A. a-1, b-3, c-2, d-4
B. a-4, b-1, c-2, d-3
C. a-4, b-1, c-3, d-2
D. a-3, b-2, c-1, d-4
Select an option to see the answer and solution.
Who may be Governor of IMF?
A. Governor of Central Bank of private country
B. President of a particular country
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
Which theory explores the possibility of two nation operating at the same level of efficiency, benefiting by trading with each other?
A. Theory of comparative advantage
B. Heckscher-Ohlin Model
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Study of business environment is important because
A. it gives information about complexicity of business
B. it provides information about effects of business elements
C. Both A and B
D. Only B
Select an option to see the answer and solution.