Consider the following statements.Assertion (A): An export processing zone is different from free trade zone as it promotes units primarily devoted to exports.Reason (R): Goods imported to a free trade zone maybe re-exported without any processing, in the same form. But goods exported by units in an EPZ are expected to have undergone some value addition by manufacturing/processing.
A. (A) is correct and (R) is correct explanation of (A)
B. (A) is correct but (R) is not the correct explanation of (A)
C. (A) is correct but (R) is incorrect
D. (A) is incorrect but (R) is correct
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This theory maintains that exchange rates will tend towards the point at which their international purchasing power is equal. What is this called?
A. Gross Value Added
B. Purchasing Power Parity
C. Gross Domestic Product at nominal price
D. Net National Income
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Match the items of
List-I with those of
List-II .
List-I List-II
a. Exchange control
1. Adverse BOP
b. Price control
2. Domestic firms
c. Import control
3. Mass consumption product
d. Legislative control
4. Industrial location
A. a-2, b-1, c-3, d-4
B. a-4, b-2, c-3, d-1
C. a-3, b-2, c-1, d-4
D. a-2, b-3, c-1, d-4
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For providing various technical services to member countries bank has established
A. the economic development institute
B. staff college
C. Both A and B
D. None of the above
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Which of the following is not a form of business environment?
A. Partnership
B. Monopoly Trade
C. Joint Capital Company
D. Employees
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An Optimum tariff
A. Improve the terms of trade
B. Keeps the terms of trade constant
C. Lowers the terms of trade
D. Reduced the country's welfare level
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In which of the following year, the Articles of Agreement of IMF were changed for the first time?
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Match the items of
List-I with the items of
List-Il :
List-I List-II
a. National Manufacturing Competitiveness Council (NMCC)
1. Industrial Licensing Policy
b. National Investment Fund (NIP)
2. Eleventh Five Year Plan
c. The Industries (Development and Regulation) Act (IDRA), 1951
3. The Competition Act, 2002
d. Increase in Employment
4. Public Sector Undertakings
A. a-4, b-1, c-2, d-3
B. a-3, b-4, c-1, d-2
C. a-1, b-2, c-3, d-4
D. a-4, b-3, c-2, d-1
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The external environment is composed of
A. the general and task environment
B. the task environment and the cultural environment
C. the global environment and the ecological environment
D. it enhance vulnerability of political risk
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When was FEMA came into existence?
A. 7th June, 2000
B. 31st June, 2000
C. 20th May, 1999
D. None of the above
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Who among the following has given Absolute Advantage Model of International trade?
A. Adam Smith
B. David Ricardo
C. Heckscher Ohlin
D. William Petty
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Environment related elements which are closely related with business are known as
A. special environment
B. macro environment
C. general environment
D. All of these
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Import quotas tend to result in all of the following except,
A. domestic producers of the imported good being harmed
B. domestic consumers of the imported good being harmed
C. prices increasing in the importing country
D. prices falling in the exporting country
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Examine the following statements and choose the correct answer.Statement-I: FIIs do not invest in unlisted securities. They participate only through Stock Exchanges.Statement-II: FIIs cannot invest at the time of initial allotment.
A. Both the statements are wrong
B. Both the statements are correct
C. Statement-I is correct but the statement-II is wrong
D. Statement-I is wrong but the statement-Il is correct
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Business includes
A. Non-economic activities
B. Economic activities
C. Social activities
D. Production activities
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Analyzing processes of change in the business environment involves conceptualizing it as
A. Complex
B. Static
C. Dynamic
D. Diverse
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Which of the following statement(s) is/are incorrect?
A. Currently, IMF has 187 members
B. Each member country of IMF nominates a Governor
C. Both A and B
D. None of the above
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Which of the following is not the responsibilities of the consumers?
A. The consumer should make vague complaints
B. The consumer should make a specific complaint with supporting exidence
C. The consumer should, as a rule complain against a system and not attack individuals who are incumbents of post
D. Consumers, in asserting their rights should not inconvenience or hurt other sections of the public
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Which of the following refers to the system of moral principles and rules of conduct applied to business?
A. Business culture
B. Business ethics
C. Business
D. Society
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Under the gold-standard inflow of gold from the deficit to the surplus nation result in:
A. 1 and 4 are correct
B. 1 and 3 are correct
C. 2 and 3 are correct
D. 2 and 4 are correct
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