Business Environment And International Business - Practice Test

[#196] Deficit financing includes:

(A) Borrowing from the Central Bank

(B) Issues of new currency by the Government

(C) Withdrawal of past accumulated cash balance by the government

(D) All the above

Correct Answer

(D) All the above

[#197] Which of the following have been recognized under the intellectual property eligible for creation of rights as per WTO mandate? (1) Computer software, music disc, performing art (2) Geographical indicator (3) Global positioning system (4) Journals, books, seeds, design, brand

(A) 1, 2 and 3

(B) 4, 3 and 1

(C) 1, 2 and 4

(D) 3, 1 and 2

Correct Answer

(C) 1, 2 and 4

[#198] Which of the following terms describes the macro environment?

(A) Direct environment

(B) Indirect environment

(C) Competitive environment

(D) Social environment

Correct Answer

(B) Indirect environment

[#199] Which of the legislation do not from part of the legal environment of business in India?

(A) The Drugs and Cosmetics Act, 1940

(B) The prevention of Food Adulteration Act, 1954

(C) The Monopolies and Restrictive Trade Practices Act, 1969

(D) Both B and C

Correct Answer

(D) Both B and C

[#200] Consider the following statements. Which of these statements is/are true?

(A) Socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state

(B) Totalitarianism is a form of government which involves complete submission of people to the government. The State recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible

(C) India differed from core socialism as it went for a mixed economy rather than complete government control

(D) All of the above statements are true

Correct Answer

(D) All of the above statements are true

Business Environment And International Business - Study Mode

[#196] Deficit financing includes:

Correct Answer

[#197] Which of the following have been recognized under the intellectual property eligible for creation of rights as per WTO mandate? (1) Computer software, music disc, performing art (2) Geographical indicator (3) Global positioning system (4) Journals, books, seeds, design, brand

Correct Answer

[#198] Which of the following terms describes the macro environment?

Correct Answer

[#199] Which of the legislation do not from part of the legal environment of business in India?

Correct Answer

[#200] Consider the following statements. Which of these statements is/are true?

Correct Answer