Business Environment And International Business - Study Mode

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[#206] From the following, identify the tools of fiscal policy. 1. Public expenditure 2. Open market operations 3. Deficit financing 4. Taxation 5. Reserve requirements Select the correct answer:

(A) 1, 3, 4 and 5

(B) 1, 2, 4 and 5

(C) Both 2 and 5

(D) 1, 3 and 4

Correct Answer

(D) 1, 3 and 4

[#207] Which among the following is not a correct sequential combination?

(A) Macro Environment → Economic Environment → National Income → Pattern of Income Distribution

(B) Business Environment → Internal Environment → Business Ethics → Payment of Fair Wages

(C) Business Environment → External Environment → Micro Environment → Suppliers

(D) Macro Environment → External Environment → Customers → Prospects of Business Development

(E) Macro Environment → Economic Environment → National Income → Pattern of Income Distribution

(F) Business Environment → Internal Environment → Business Ethics → Payment of Fair Wages

(G) Business Environment → External Environment → Micro Environment → Suppliers

(H) Macro Environment → External Environment → Customers → Prospects of Business Development

Correct Answer

(D) Macro Environment → External Environment → Customers → Prospects of Business Development
(H) Macro Environment → External Environment → Customers → Prospects of Business Development

[#208] Which of the following is nor an instrument of monetary policy?

(A) Deficit Financing

(B) Statutory Liquidity Ratio

(C) Cash Reserve Ratio

(D) Open Market Operations

Correct Answer

(D) Open Market Operations

[#209] The tariff which maximizes a country's economic welfare is called

(A) Protective tariff

(B) Discriminatory tariff

(C) Non-discriminatory tariff

(D) Optimum tariff

Correct Answer

(A) Protective tariff

[#210] The important responsibilities of a business to the customers are (i) To ensure family welfare of the customers. (ii) To understand customer needs and to take the necessary measures to satisfy these needs. (iii) To ensure health condition of the customers. (iv) To ensure that the product supplied has no adverse effect on the customer. (v) To provide an opportunity for being heard and to redress genuine grievances.

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

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

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

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