Business Environment And International Business - Study Mode
[#521] Consider the following statements. Assertion (A): WTO is seeking to create free trade. Reason (R): There is apprehension that a regional trading bloc such as EU can lead to protectionism.
Correct Answer
(A) Both (A) and (R) are correct and (R) is the right explanation of (A)
[#522] Who has shown how international trade leads to equalisation of factor prices?
Correct Answer
(B) Bertil Ohlin
[#523] Match the items given in List-I with the most appropriate items in List-II : List-I List-II a. UNCTAD 1. Foreign investment b. WTO 2. Developing Countries c. TRIMS 3. UNDP d. ITC 4. General Council
Correct Answer
(A) a-2, b-4, c-1, d-3
[#524] In 1958, bank established . . . . . . . . for providing specific economic assistance to India.
Correct Answer
(C) Both A and B
[#525] According to Michael Porter, which of the following can be identified as four determinants of national competitive advantage? (1) Factor Conditions (2) Demand Conditions (3) Firm Strategy, Structure and Rivalry (4) Related and Supporting Industries (5) Financial Conditions (6) Export Industry
Correct Answer
(C) 1, 2, 3 and 4