Business Environment And International Business - Practice Test

[#136] Which of the following is not studied in business environment?

(A) National income

(B) Cultural customs

(C) Management of business function

(D) All of the above

Correct Answer

(A) National income

[#137] Which of the following are modes of service supply of GATS?

(A) Consumption abroad

(B) Cross border services

(C) Both A and B

(D) None of these

Correct Answer

(C) Both A and B

[#138] In balance of payment accounts, all goods exported and imported are recorded in

(A) Capital A/c

(B) Visible A/c

(C) Invisible A/c

(D) Merchandise A/c

Correct Answer

(B) Visible A/c

[#139] Which one of the following is not correct?

(A) Free Trade Area among a group of countries means that they eliminate import tariffs against one another but maintain their original tariff levels against the rest of the world

(B) Customs Union among a group of countries means that they eliminate import tariffs against one another, coordinate their macro policies and impose a common tariff wall against the rest of the world

(C) In a common market the member countries eliminate import tariffs against the rest of the world

(D) In an Economic Union, the member countries eliminate import tariffs against one another, allow free mobility to factors between them, coordinate their macro-policies and maintain a common tariff wall against the rest of the world

Correct Answer

(B) Customs Union among a group of countries means that they eliminate import tariffs against one another, coordinate their macro policies and impose a common tariff wall against the rest of the world

[#140] Match the items given in List-I and List-Il . List-I List-II a. Economic liberalization 1. IT-enabled services b. Outsourcing 2. SFIO c. Corporate frauds 3. Macro economic stability d. Second generation reforms 4. Increased competition

(A) a-1, b-2, c-3, d-4

(B) a-1, b-3, c-2, d-4

(C) a-2, b-3, c-4, d-1

(D) a-4, b-1, c-2, d-3

Correct Answer

(D) a-4, b-1, c-2, d-3

Business Environment And International Business - Study Mode

[#136] Which of the following is not studied in business environment?

Correct Answer

[#137] Which of the following are modes of service supply of GATS?

Correct Answer

[#138] In balance of payment accounts, all goods exported and imported are recorded in

Correct Answer

[#139] Which one of the following is not correct?

Correct Answer

[#140] Match the items given in List-I and List-Il . List-I List-II a. Economic liberalization 1. IT-enabled services b. Outsourcing 2. SFIO c. Corporate frauds 3. Macro economic stability d. Second generation reforms 4. Increased competition

Correct Answer