Business Environment And International Business - Study Mode

Show All Answers

[#61] 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

(A) 1, 2, 3, 6, 7 and 8

(B) 1, 2, 3, 4, 7 and 8

(C) 1, 2, 3, 4, 5 and 8

(D) All of the above

Correct Answer

(D) All of the above

[#62] 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

(A) 1 and 3

(B) 1 and 4

(C) 2 and 4

(D) 3 and 4

Correct Answer

(A) 1 and 3

[#63] 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.

(A) Both A and R are individually true and R is the correct explanation of A

(B) Both A and R individually true but R is NOT the correct explanation of A

(C) A is true but R is false

(D) A is false but R is true

Correct Answer

(A) Both A and R are individually true and R is the correct explanation of A

[#64] UNCTAD stands for:

(A) United Nations Committee on Tariff and Development

(B) United Nations Conference on Trade and Deficit

(C) United Nations Conference on Trade and Development

(D) Union of Nations Cause for Trade and Development

Correct Answer

(C) United Nations Conference on Trade and Development

[#65] 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.

(A) (i), (ii) and (iii)

(B) (i), (ii), (iii) and (iv)

(C) (i), (ii), (iii), (iv) and (v)

(D) (ii), (iii), (iv) and (v)

Correct Answer

(B) (i), (ii), (iii) and (iv)