Match the following.
List-I List-II
a. Micro environment
1. Interest rate
b. Macro environment
2. Restrictions of WTO
c. Political environment
3. Suppliers
d. Globalisation environment
4. Planning Commission
A. a-3, b-1, c-4, d-2
B. a-2, b-4, c-1, d-3
C. a-1, b-3, c-2, d-4
D. a-3, b-2, c-4, d-1
Select an option to see the answer and solution.
According to which theory, one country may be more efficient in producing a particular goods than another country and that another country may be capable of producing some other goods more efficiently than the first one?
A. Theory of comparative advantage
B. Theory of absolute advantage
C. Theory of international product life cycle
D. None of the above
Select an option to see the answer and solution.
Operating environment of a business is basically
A. General environment
B. Micro environment
C. Economic environment
D. Political environment
Select an option to see the answer and solution.
Which of the following is not the function of WTO?
A. To optimum use of world resource
B. To create dispute between IMF and IBRD for formulating the economic policy
C. To introduce the rule and provision relating to the procedure of business policy
D. None of the above
Select an option to see the answer and solution.
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
A. a-3, b-1, c-4, d-2
B. a-2, b-4, c-3, d-1
C. a-2, b-4, c-1, d-3
D. a-3, b-2, c-4, d-1
Select an option to see the answer and solution.
Which of the following characterizes the early-stage financial crises?
A. Falling the price of residential properties
B. Excessive euphoria about the future price of certain assets
C. Excessive pessimism about future assets price
D. Stagnating share price
Select an option to see the answer and solution.
SAARC was established on
A. 8th December, 1985
B. 4th December, 1985
C. 8th December, 1993
D. None of these
Select an option to see the answer and solution.
Match the items of
List-II and with the items of
List-I relating to WTO impact:
List-I List-II
a. NAMA
1. Liberalization of international investments.
b. GATTS
2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries.
c. TRIM's
3. Liberalization of trade in goods and ser-vices.
d. TRIP's
4. Provides monopoly power to owners of intellectual property.
A. a-2, b-1, c-4, d-3
B. a-4, b-2, c-3, d-1
C. a-2, b-3, c-1, d-4
D. a-3, b-2, c-4, d-1
Select an option to see the answer and solution.
Which of the following are the main benefits of international trade?
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 3 and 4
D. 1, 2, 3 and 4
Select an option to see the answer and solution.
. . . . . . . . is/are the main feature(s) of business environment.
A. Moving
B. Uncertainty
C. Both A and B
D. None of these
Select an option to see the answer and solution.
The following factors are key drivers of globalisation.
A. Government action, exchange rates, competition and socio-demographic factors
B. Market convergence, competition, exchange rates and cost advantages
C. Cost advantages, government action, economic cycles and competition
D. Market, cost, competition and government policies
Select an option to see the answer and solution.
Indian Government has started diluted its stake in public enterprises. Which concept is being highlighted?
A. Globalisation
B. Liberalisation
C. Privatisation
D. All of the above
Select an option to see the answer and solution.
International trade brings developing countries in contact with
A. developed nations
B. underdeveloped countries
C. low developed countries
D. All of the above
Select an option to see the answer and solution.
Important factors considered in international product life cycle theory are
A. technological innovation
B. market structure
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
Factor Endowment Theory of International Trade was propounded by
A. David Ricardo
B. Bertil - Ohlin
C. J. S. Mill
D. C. P. Kindleberger
Select an option to see the answer and solution.
Counter-trade means:
A. A sort of bilateral trade where one set of goods is exchanged for another set of goods and a seller provides a buyer with deliveries
B. A company takes full responsibility for making its goods available in the target market by selling directly to the end-users
C. The companies in two separate sovereigns agree to exchange one set of goods for another set of goods
D. A set of multilateral trade where one of goods and services may be exchanged for another set of goods and services among the trading partners
Select an option to see the answer and solution.
Compared to a fixed exchange rate system, an economy will benefit from a flexible exchange rate system because:
A. it enables businesses to vary their export prices
B. governments will not have to deflate the economy when balance of payments deficits occur
C. it reduces the cost of acquiring foreign exchange
D. it ensures that businesses never become uncompetitive in international markets
Select an option to see the answer and solution.
Which of the following can not be included in socio-cultural factors of a business?
A. Changing preferences
B. Demographics
C. Poverty
D. Techniques
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Physical delivery of foreign exchange has to take place in case of
A. spot market
B. forward market
C. future market
D. All of these
Select an option to see the answer and solution.
Foreign direct investment involves
A. intangible goods
B. tangible goods
C. human resource
D. intellectual property
Select an option to see the answer and solution.
