The European Union has all the following features except which one?
A. The absence of barriers to trade between all member states
B. The absence of barriers to movement of capital among member states
C. Common rates of indirect taxation
D. A common external tariff
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Match items of
List-I with
List-II relating to macro environment of business and indicate the option of correct matching:
List-I
List-II
a. Economic environment
1. Ethical issues
b. Political and government
2. Trade and transport policies environment
c. Socio-cultural environment
3. Economic stratification of population
d. Demographic environment
4. Judiciary powers
A. a-2, b-4, c-1, d-3
B. a-1, b-3, c-2, d-4
C. a-4, b-2, c-3, d-1
D. a-3, b-1, c-4, d-2
Select an option to see the answer and solution.
The spot rate of exchange is quoted for the immediate delivery of
A. foreign treasury
B. foreign exchange
C. foreign rate
D. foreign transactions
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From the following identify the one which is not a commercial counter trade?
A. Classical barter
B. Counter purchase
C. Pre-compensation
D. Buy-back agreement
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A common market is one where:
A. all the trading nations agree commonly to levy a common and uniform tariff rate for all goods
B. all the trading nations agree commonly to rationalize tariff and non-tariff barriers mutually to promote intra-region trade
C. there is a customs union along with free intra-union movement of factors of production
D. there is an economic union along with free intraunion movement of residents
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Which of the following institutions is not part of the World Bank community?
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Consider the following statements.
Assertion (A): There was demand for World Bank, IMF and ITO type institutions after World War II so as to avoid war type situation in future.
Reason (R): The great depression of early 1930s produced the apprehensions that imports would throw more people out of work. This led governments to raise their trade barriers, retaliations and protectionism.
A. Both (A) and (R) are correct and (R) supports (A)
B. Both (A) and (R) are correct, but (R) does not support (A)
C. (A) is correct, but (R) is incorrect
D. (R) is correct, but (A) is incorrect
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In case, we see that domestic currency is depreciating, this should be linked with:
A. High inflation rate
B. Increase in exports
C. Increase in foreign debt
D. All of the above
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Which of the following statement is not true about business environment?
A. It affects working capacity of business
B. Business environment always changes
C. It affects operation of business
D. A businessman had complete control over business environment
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Consider the following statements.
Assertion (A): The import volume tends to be very high when there is simultaneous high eco-nomic growth rate and a sharp fall in the relative price of imports and vice versa.
Reason (R): High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.
A. Both (A) and (R) are correct and (R) is the right explanation of (A)
B. Both (A) and (R) are correct but (R) is not the right explanation of (A)
C. (A) is correct but (R) is not correct
D. (R) is correct but (A) is not correct
Select an option to see the answer and solution.
Which of the following is a feature of the micro environment of an organisation?
A. Distribution channel factors
B. Social factors
C. Economic factors
D. All of the above
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Which of the following statement is true?
A. Economic system affects economic environment of business
B. It is possible to control business environment
C. Both A and B
D. None of the above
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Which one of the following matches corresponds to the Member and Observer countries of the SAARC?
(i) India, Pakistan, Bangladesh, Bhutan, Nepal, Sri Lanka, Afghanistan, Maldives
(ii) China, USA, Myanmar, Iran, Japan, South Korea, Australia, Mauritius and European Union
(iii) Pakistan, Nepal, India, Bangladesh, Iran
(iv) UK, USA, North Korea, South Africa
A. (iii) and (iv)
B. (ii) and (iv)
C. (i) and (ii)
D. (ii) and (iii)
Select an option to see the answer and solution.
Which of the following denote the structural changes in Indian economy?
A. Primary sector contribution has gone down
B. Service sector contribution has gone up
C. Secondary sector has not changed much
D. All of the above
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The collapse of which of the following systems is related to the Triffin Paradox?
A. Gold Standard
B. Exchange rate mechanism (in 1992)
C. Bretton Woods
D. None of the above
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Dumping aims at flooding a foreign country with
A. High-priced commodities
B. Low-priced commodities
C. Commodities with similar prices
D. Commodities with fluctuating
Select an option to see the answer and solution.
Match the items of
List-II with
List-I to identify the correct option which are related to legal forces affecting international marketers.
List-I
List-II
a. Tariff
1. A regulation specifying the proportion of a finished product's components and labour that must be provided by importing country.
b. Import Quota
2. Tax imposed on product entering a country and used to protect domestic producers and/or raise revenue.
c. Local- content Law
3. A requirement that a product contain or exclude certain ingredients or that it be tested and certified as meeting certain restrictive standards.
d. Local operating Law
4. Limiting amount of a particular product that can be brought into a country, to protect domestic industry or broadening access to its markets.
e. Standards and Certification
5. A refusal to buy products from a particular company or country.
f. Boycott
6. A constraint on how, when or where retailing can be conducted.
A. a-3, b-4, c-2, d-1, e-6, f-5
B. a-6, b-2, c-1, d-4, e-3, f-5
C. a-2, b-4, c-1, d-6, e-3, f-5
D. a-4, b-6, c-1, d-2, e-3, f-5
Select an option to see the answer and solution.
Which of the following is/are principles of valuation for BoP account?
A. The transaction should be valued at market price
B. Both imports and exports should be valued at FOB basis
C. Both A and B
D. None of the above
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The purpose of protectionism in to protect
A. domestic industries from foreign competition
B. foreign firms from foreign competitors
C. domestic exports from high production cost
D. foreign and domestic firms from labor unions
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Which items are included in the negative list of imports?
A. Canalised items
B. Banned items
C. Restricted items
D. All of the above
Select an option to see the answer and solution.