The macro environment consists of
A. Economic, political and legal
B. Consumer and competitors
C. Public
D. Intermediaries
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Which of the following statement is not true?
A. Mapping of business includes its localisation, results and progress
B. Strategies of competitor, knowledge and financial problems are faced in a business
C. Natural resources of a business affects it internally
D. External environment does not affects a business
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Which of the following general principle is not followed by corporation while practicing CSR?
A. Managers are not responsible to follow and encourage ethical business practices among employees
B. Companies should support the inclusion of the principles of United Nations Global Compact
C. Companies should encourage and facilitate communication and dialogue with its shareholders, investors, employees, customers and suppliers
D. Companies should indulge in free market practices rejecting any illegal practices and implement effective mechanism
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Which of the following depicts the statement which derives the role that an organization plays in a society?
A. Goals
B. Mission
C. Objective
D. Success
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Which of the following statement is incorrect?
A. Franchising is a part of licensing
B. Licensing is a mode of entry into international business
C. Both A and B
D. None of the above
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. . . . . . . . are a feature of the micro environment of an organisation.
A. Legal factors
B. Economic factors
C. Social factors
D. Customers
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The equivalence between the effects of a tariff and a quota which limits imports by the same amount depends on the assumption that
(1) There are comparative conditions prevailing abroad
(2) There is perfect competitive among quota holders
(3) There is free competition within the domestic import competing industry
Which of the above statements is correct?
A. 1 alone is correct
B. 1 and 2 are correct
C. 1 and 2 and 3 are correct
D. 2 and 3 are correct
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For which one of the basic reasons, the "Structural Adjustment Programme" was undertaken in India in 1991?
A. Curbing competition among private sectors
B. Establishing predominant role of public sector
C. To deal with the balance of payment crisis in India
D. All of the above
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Reason of decline of monetary policy is
A. wide non-monetary region
B. flow of black money
C. measuring credit money
D. All of the above
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All business organizations are affected by a number of factors. Which of the following depicts two such broad categories of factors?
A. Local and regional
B. Regional and national
C. Internal and external
D. Financial and non-financial
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Tax policy comes under which element of business environment?
A. Economic
B. Legal
C. Social
D. Political
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The redressal forum of consumer consists of
A. National Consumer Forum
B. District Consumer Forum
C. Both A and B
D. None of the above
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One Governor and one Substitute Governor of World Bank is appointed for
A. 2 years
B. 5 years
C. 7 years
D. None of these
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Which of the following is not an objective of competition Act 2002?
A. Prohibition of abuse of dominant position
B. Prohibition of Restrictive trade practice
C. Prohibition of Anti competitive Agreements
D. Regulation of combinations
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Which one of the following pairs is not correctly matched?
A. WTO - Generally forbids the use of quantitative restriction in trade
B. IMF - Provides finance to correct disequilibrium in balance of payments
C. SAARC - Promotes trade among South Asian countries
D. ASEAN - Economic organization of all Asian nations
Select an option to see the answer and solution.
Match the following
List-I with
List-Il and select the correct answer.
List-I
List-II
a. Comparative Cost Theory of International Trade
1. Gottfried Haberler
b. International Theory of Opportunity Cost
2. J. S. Mill
c. Factor Endowment Theory of International Trade
3. David Ricardo
d. Doctrine Of Reciprocal Demand
4. Hecksher Ohlin
A. a-3, b-2, c-4, d-1
B. a-1, b-3, c-2, d-4
C. a-3, b-1, c-4, d-2
D. a-2, b-1, c-4, d-3
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This integration includes free trade among members and it erects a common external tariff on imports from non-member countries?
A. Preferential Trade Area
B. Custom Unions
C. Economic Union
D. Common Market
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Arrange the following steps of 'international product life cycle theory' in a correct order.
1. Maturity stage
2. Introductory stage
3. Decline stage
4. Growth stage
A. 2, 4, 1, 3
B. 3, 1, 4, 2
C. 4, 3, 2, 1
D. 4, 2, 3, 1
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Which of the following has/have occurred in India after its liberalization of economic policies in 1991?
(i) Share of agriculture in GDP increased enormously
(ii) Share of India's exports in world trade increased
(iii) FDI inflows increased
(iv) India's foreign exchange reserved increased enormously
Select the correct answer using the options given below:
A. (i) and (iv) only
B. (ii), (iii) and (iv) only
C. (ii) and (iii) only
D. (i), (ii), (iii) and (iv)
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Identify the one, from the following, which is not a type of disequilibrium in the balance of payments of a country:
A. Cyclical disequilibrium
B. Secular disequilibrium
C. Structural disequilibrium
D. Sectoral disequilibrium
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