Business Environment and International Business MCQs with Answers 2027

Q121

Currently, in which areas is FDI in India prohibited?
1. Atomic energy
2. Lottery business
3. Gambling and betting
4. Chit fund trade
5. Nidhi company
6. Home and real estate business
7. Construction of cigars and business
8. Metro rail

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Q122

Open question

Under the Foreign Trade Policy 2015-2020, which of the following additional ports are allowed for export and import?
(1) Calicut Airport, Kerala
(2) Rajkot Airport, Gujarat
(3) Arakonam lCD, Tamil Nadu
(4) Ludhiana Airport, Punjab

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Q123

Open question

Assertion (A): The gains from trade are determined by the terms of trade.
Reason (R): The gains from trade depend on the differences in comparative cost rations.

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Q124

Open question

UNCTAD stands for:

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Q125

Open question

It is said that freedom of private enterprise is the greatest in the free market economy. Which of the following assumptions is true in this context?
(i) Land, labour, and capital are integrated with the help from private enterprise.
(ii) Income is received in monetary form by the sale of services of the factors of production and from the profits of the private enterprise.
(iii) Members of the free-market economy have freedom of choice in so far as consumption, occupation, savings, and investments are concerned.
(iv) The free-market economy is not planned, controlled or regulated by the government.
(v) The free-market economy is prone to corrupt practices.

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Q126

Open question

Match the items of List-I with List-II with regard to balance of payments equilibrium:

List-I	List-II
a. Exchange control	1. Exporters surrender foreign exchange to the central bank
b. Trade Policy Measure	2. Bank rate raised by the central bank
c. Expenditure reducing policy	3. Reduction in foreign exchange rate
d. Expenditure switching policy	4. Enhancing exports by granting subsidies

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Q127

Open question

One of the characteristics of the economic environment is

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Q128

Open question

BRICS is the acronym of Brazil, Russia, India, China and South Africa. They set up New Development Bank. At which of the following places, this bank is located?

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Q129

Open question

Which of the following statement is not correct?

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Q130

Open question

Which of the following environmental factor is not the reason of political stability?

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Q131

Open question

Which one of the following receipts is of revenue nature?

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Q132

Open question

Consider the following statements.
Assertion (A): International business focuses on global resources, opportunities to buy/sell worldwide.
Reason (R): The efforts of IMF, World Bank and WTO to liberalise their economies led to globalization.

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Q133

Open question

Which of the following statements is/are incorrect?

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Q134

Open question

Match List-I and List-II and select the correct answer using the option given below the lists.

List-I	List-II
a. Free trade area	1. No restriction on trade and factor movement
b. Customs union	2. Trade is free and no customs duties
c. Common market	3. No customs duties; duties on non-members
d. Economic union	4. Advanced stage of integration

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Q135

Open question

The . . . . . . . . include the value of merchandise exports and the value of merchandise imports.

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Q136

Open question

Which of the following is not a equipment of monetary policy?

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Q137

Open question

Consider the following statements.
Assertion (A): The fall in aggregate expenditure or aggregate demand in the economy works to reduce imports and help in solving the balance of payment problems.
Reason (R): The important way to reduce imports and thereby reduce deficit in balance of payments is to adopt monetary and fiscal policies that aim at reducing aggregate expenditure in the economy.

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Q138

Open question

In relation to the 'veil of incorporation' that is a feature of a limited company's separate legal personality, in which of the following circumstances will a court not lift the veil to identify the true nature of the relationship?
1. Where the company has been established to commit a fraud. 2. Where the company has been established to contractual agreements.
3. In the interests of Justice.
4. Where two separate legal entities are run as one economic undertaking.
Select the correct answer using the options given below

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Q139

Open question

Government regulation of business is basically intended to

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Q140

Open question

To ensure the validity of Heckscher-Ohlin theory of trade to be valid, the relative factor endowments of two countries should be

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