There is acute shortage of electricity in some of the states in India. This reflects a problem in which type of business environment?
A. Economic
B. Demographic
C. Politico-legal
D. Socio-cultural
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Examine the following statements and choose the correct answer:
Statement (I): Companies with Low cash reserves normally prefer Licensing mode rather than Foreign Direct Investment.
Statement (II): Cash rich firms normally prefer Foreign Direct Investment.
A. Both (I) and (II) are correct
B. Both (I) and (II) are wrong
C. (I) is correct but (II) is wrong
D. (I) is not correct but (II) is correct
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Bretton Woods Conference resulted into the establishment of which of the following?
A. IMF and IDA
B. IBRD and IFC
C. IDA and ADB
D. IMF and IBRD
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Which of the following are the outcomes of the Sixth Ministerial Conference of WTO which was held at Hong Kong in December 2005?
1. Resolve to complete the Doha Work Programme fully and to conclude negotiations in 2006.
2. Amendments to TRIPS agreement reaffirmed to address public health concerns of developing countries.
3. To continue export subsidies in agriculture upto 2018.
4. Duty free, quota free market access for all LDC's products to all developed countries.
A. 1, 2 and 4
B. 1, 2, 3 and 4
C. Both 1 and 3
D. Both 2 and 4
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Which one of the following is not correct relating to competition policy and law?
A. Collusion and dominance have potential for unfair competition
B. The appeal against decisions of competition commission of India can be made to the Competition Appellate Tribunal
C. State monopolies, government's business policies and functioning of Regulatory Authorities cannot be scrutinised under this law
D. Abuse of dominance rather than dominance should be the key for competition policy law
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The major outcome of the Bretton Woods Conference was
A. Establishment of IMF and IFC
B. Establishment of IBRD and IFC
C. Establishment of IBRD and ADB
D. Establishment of IMF and IBRD
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Match
List-I with
List-II and select the correct answer:
List-I
List-II
a. Comparative cost theory of international trade
1. Gottfried Haberler
b. International trade theory of opportunity cost
2. J. S. Mill
c. Factor endownment 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
Select an option to see the answer and solution.
Assertion (A): Under FEMA, the receiver of laundered money is to be made culpable, instead of sender/distributor.
Reason (R): FEMA differs from the earlier Exchange Regulation Act FERA with regard to penalties and punishment in case of violation of the act.
A. (A) is correct, but (R) is not correct
B. Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
C. Both (A) and (R) are correct and (R) is the correct explanation of (A)
D. Both A and R are incorrect
Select an option to see the answer and solution.
Match the items of
List-I with the items of
List-II and select the correct answer:
List I
List II
a. Political and Legal Environment
1. Important for industries directly depending on imports or exports
b. Demographic Environment
2. Close relationship with the economic system and economic policy
c. Economic Environment
3. Related to natural resources
d. Geographical and Ecological Environment
4. Occupational and spatial mobilities of population having implications for business
A. a-2, b-4, c-3, d-1
B. a-2, b-4, c-1, d-3
C. a-1, b-2, c-3, d-4
D. a-1, b-2, c-4, d-3
Select an option to see the answer and solution.
Consider the following statements.
Assertion (A): The industrial growth in India has been hampered by the burden of many controls and regulations.
Reason (R): The New Industrial Policy seeks to liberate the industry from the shackles of Licensing System
A. Assertion (A) is correct, but Reason (R) is not correct
B. Assertion (A) is correct and Reason (R) is right explanation of (A)
C. Both Assertion (A) and Reason (R) are correct
D. Both Assertion (A) and Reason (R) are incorrect
Select an option to see the answer and solution.
Which one is not an element of legal environment?
A. Act of Parliamentarians in Lok Sabha
B. Indian Contract Act, 1872
C. Indian Partnership Act, 1932
D. Negotiable Instruments Act, 1881
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Which of the following statements is not correct relating to comparison of FDI with trade?
A. Only one market can better be served with differentiated products
B. FDI overcomes tariff and transport cost involved in trade
C. FDI reduces financial risk through greater diversification
D. FDI creates harmonious political relations
Select an option to see the answer and solution.
The time limit for filing a complaints before the district forum under the, Consumer Protection Act, 1986 is
A. 1 year
B. 2 years
C. 3 years
D. There is no such time limit
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Analysis of policies is done on the basis of
A. forecasting
B. change according to time
C. Both A and B
D. None of these
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Which one of the following is not the guiding principle of the World Bank regarding its lending operations?
A. Proper assessment of the repayment prospects of loans
B. Lending should be only for specific projects which are economically and technically sound and of a high priority nature
C. The lending should be to enable a country to meet foreign exchange content of the project cost
D. The bank does expect the borrowing country to spend the loan in a particular country
Select an option to see the answer and solution.
Some people say that a regional trade bloc encourages member nations to buy within the regional trading bloc when cheaper sources are available outside. Which of the following type of trade impact is created under such situation?
A. Trade Diversion
B. Trade Creation
C. Trade Randomness
D. Trade Growth
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Supply of money remaining the same when there is an increase in demand for money, there will be:
A. A fall in the level of price
B. An increase in the rate of interest
C. A decrease in the rate of interest
D. An increase in the level of income and employment
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Which of the following statements is incorrect?
A. IFC is headquartered in Washington DC
B. India joined MIGA in 1994
C. Multinational corporations are also known as global companies
D. None of the above
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In an economist's view, which of the following perspectives of globalisation is most suitable?
A. The rise of global media and global culture
B. The emergence of global institutions and global conflicts
C. The development of communication technologies
D. The growth of international trade and increase in international trade flows
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Which of the following statements is/are incorrect?
A. IMF make the balance of payments deficits
B. IMF provide loans to governments or to any of their political subdivisions
C. Both A and B
D. All of the above
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