Which of the following is deemed to be a very important factor that provides competitive advantage to a business organization?
A. Innovation
B. Modulation
C. Dimension
D. Variation
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The components of WTO are
A. Ministerial conference
B. Disputes settlement body
C. Director General
D. All of these
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Match the items of
List I with
List II and indicate the correct matching.
List-I
List-II
a. Micro external environment
1. Economic and political factors
b. Macro external environment
2. Competition among diverse products targetting disposable income of consumers
c. Non-price competition
3. Input suppliers
d. Desire competition
4. Sponsoring of events like sports
A. a-3, b-1, c-4, d-2
B. a-2, b-3, c-4, d-1
C. a-4, b-2, c-3, d-1
D. a-4, b-1, c-2, d-3
Select an option to see the answer and solution.
Match items of
List I with
List II relating to macro environment of business and indicate the 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.
Which one of the following is the main government agency responsible for development and monitoring international trade in India?
A. Indian Institute of Foreign Trade
B. Federation of Indian Export Organisations
C. Department of Commerce
D. Export Promotion Council
Select an option to see the answer and solution.
Match the items of
List I with the items of
List-II and choose the correct answer:
List-I
List-II
a. Balance of trade
1. Imports and exports of goods and services and unilateral transfer of goods and services
b. Current account
2. Transactions leading to changes in the financial assets and liabilities of a country
c. Balance of payments
3. All economic transactions between a country's residents and residents of other countries
d. Capital account
4. Value of exports and imports of a country
A. a-4, b-1, c-3, d-2
B. a-3, b-2, c-4, d-1
C. a-1, b-2, c-3, d-4
D. a-4, b-3, c-2, d-1
Select an option to see the answer and solution.
The apex consumer court in India is refered to as
A. The consumer education and research centre
B. The consumer unity and trust society
C. National consumer disputes redressal commission
D. None of the above
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Which of the following is not the agency of World Bank?
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Internal environment of a business includes
1. Business ethics and moral standards.
2. Business and managerial policies.
3. Prospects of business development.
4. Government rules and regulations.
5. Industrial relations.
Select the correct answer:
A. 1, 2, 4 and 5
B. 2, 3, 4 and 5
C. 1, 2, 3 and 4
D. 1, 2, 3 and 5
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If a country has a floating (flexible) exchange rate, which one of the following would lead to a fall (depreciation) in the rate of exchange for its currency into the economy?
A. A rise in capital inflows into the economy
B. An increase in the country's exports
C. An increase in the country's imports
D. A fall in the country's rate of inflation
Select an option to see the answer and solution.
Which of the following are sources of ethics?
1. Religion
2. Legal system
3. Economic system
4. Culture
5. Family system
Select the correct answer:
A. 1, 2, 3 and 5
B. 1, 2 and 4
C. 1, 4 and 5
D. All of the above
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Assertion (A): Internal factors of business environment are controllable factors.
Reason (R): The company can alter or modify such factors to suit the environment.
A. Both (A) and (R) are true
B. (A) is correct, but (R) is false
C. Both (A) and (R) are false
D. (A) is false, but (R) is true
Select an option to see the answer and solution.
In the context of globalisation,'Levitt Thesis' means
A. Standardisation strategy to respond to the worldwide homogenised market and expand the market through aggressive low pricing
B. Customise products to regional markets
C. Customise products to meet the national markets
D. None of the above
Select an option to see the answer and solution.
Which of the following can be referred as external factors affecting a business environment?
A. Controllable factors
B. Uncontrollable factors
C. Relevant factors
D. Global factors
Select an option to see the answer and solution.
Which one among the following is not a part of TRIPS agreement?
A. Industrial Design
B. Geographical Indications
C. Interior Design
D. Layout Designs of Integrated Circuits
Select an option to see the answer and solution.
When a company takes over another one and clearly becomes a new owner, the action is called
A. Merger
B. Acquisition
C. Strategic alliance
D. None of the above
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer:
List I
List II
a. Supply side of international trade
1. David
b. Demand side of international trade
2. Bastable and Alfred Marshall
c. Opportunity cost international trade
3. G. Haberler
d. Real cost theory of international trade
4. Alfred Marshall and Edgeworth
A. a-1, b-4, c-2, d-3
B. a-1, b-4, c-3, d-2
C. a-4, b-1, c-2, d-3
D. a-4, b-1, c-3, d-2
Select an option to see the answer and solution.
Which one is not an element of internal environment?
A. Marketing capability
B. Operational capability
C. Money and capital market
D. Personnel capability
Select an option to see the answer and solution.
International trade is theoretically based on which principle?
A. Theory of comparative advantage
B. Theory of absolute advantage
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Consumer attitudes and beliefs about diet, health and nutrition are infuenced by
A. Economic environment
B. Cultural environment
C. Social environment
D. Natural environment
Select an option to see the answer and solution.