Business Environment And International Business - Study Mode

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[#241] Which of the following denote the structural changes in Indian economy?

(A) Primary sector contribution has gone down

(B) Service sector contribution has gone up

(C) Secondary sector has not changed much

(D) All of the above

Correct Answer

(D) All of the above

[#242] The collapse of which of the following systems is related to the Triffin Paradox?

(A) Gold Standard

(B) Exchange rate mechanism (in 1992)

(C) Bretton Woods

(D) None of the above

Correct Answer

(C) Bretton Woods

[#243] Dumping aims at flooding a foreign country with

(A) High-priced commodities

(B) Low-priced commodities

(C) Commodities with similar prices

(D) Commodities with fluctuating

Correct Answer

(B) Low-priced commodities

[#244] Match the items of List-II with List-I to identify the correct option which are related to legal forces affecting international marketers. List-I List-II a. Tariff 1. A regulation specifying the proportion of a finished product's components and labour that must be provided by importing country. b. Import Quota 2. Tax imposed on product entering a country and used to protect domestic producers and/or raise revenue. c. Local- content Law 3. A requirement that a product contain or exclude certain ingredients or that it be tested and certified as meeting certain restrictive standards. d. Local operating Law 4. Limiting amount of a particular product that can be brought into a country, to protect domestic industry or broadening access to its markets. e. Standards and Certification 5. A refusal to buy products from a particular company or country. f. Boycott 6. A constraint on how, when or where retailing can be conducted.

(A) a-3, b-4, c-2, d-1, e-6, f-5

(B) a-6, b-2, c-1, d-4, e-3, f-5

(C) a-2, b-4, c-1, d-6, e-3, f-5

(D) a-4, b-6, c-1, d-2, e-3, f-5

Correct Answer

(C) a-2, b-4, c-1, d-6, e-3, f-5

[#245] Which of the following is/are principles of valuation for BoP account?

(A) The transaction should be valued at market price

(B) Both imports and exports should be valued at FOB basis

(C) Both A and B

(D) None of the above

Correct Answer

(C) Both A and B