Business Environment And International Business - Study Mode

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[#441] With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? (i) Balance of trade (ii) Foreign assets (iii) Balance of invisibles (iv) Special Drawing Right

(A) (i) only

(B) (ii) and (iii)

(C) (i) and (iii)

(D) (i), (ii) and (iv)

Correct Answer

(B) (ii) and (iii)

[#442] For the following statements of Assertion (A) and Reason (R), indicate the correct answer: Assertion (A): Liberalization means corporatization of departmental undertakings and public undertakings. Reason (R): Freedom to public sector undertakings to access capital market.

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

(B) Both (A) and (R) are true but (R) is not a 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 true and (R) is correct explanation of (A)

[#443] World Trade Organization is the only global international organization dealing with the rules of trade between nations. Which of the following statements support this? Statement I: At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments. Statement II: The goal is to ensure that trade flows as smoothly, predictably and freely as possible.

(A) Only Statement I is true

(B) Only Statement II is true

(C) Both Statements are true

(D) None of the above statement is true

Correct Answer

(C) Both Statements are true

[#444] Match the following. List-I (Concepts) List-II (Advantages) a. Foreign direct investment 1. It gives a boost to the industrial activities of home country b. Multinational corporations 2. It enables the owners or creators to protect their work c. Intellectual property rights 3. It helps strengthen the political relationships between various nations

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

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

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

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

Correct Answer

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

[#445] Key currencies acceptable internationally are

(A) US dollar

(B) UK pound sterling

(C) Both A and B

(D) Neither A nor B

Correct Answer

(A) US dollar