Business Environment And International Business - Study Mode

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[#461] Which one among the following is not the salient feature of industrial policy since 1991?

(A) Enormous expansion of the private sector

(B) Redefining the role of public sector

(C) Limited exposure of Indian industry to foreign competition

(D) Pruning of the list of items reserved for SSI units

Correct Answer

(C) Limited exposure of Indian industry to foreign competition

[#462] Match the following. List-I List-II a. Importing 1. Modes of international business b. Marketing 2. Functions of international business c. Sales expansion 3. Objectives of international business d. Economic forces 4. External influence

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

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

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

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

Correct Answer

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

[#463] Match the following. List-I (Economic Systems) List-II (Features) a. Traditional economy 1. Produces only those goods and services, which are required for the survival or which they want to consume b. Capitalism 2. The freedom of occupation is absent or restricted c. Socialism 3. Consumers have complete freedom of choice of consumption d. Mixed economy 4. The private sector operates primarily with a profit motive and public sector seeks to achieve social welfare

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

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

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

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

Correct Answer

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

[#464] The most prevalent example of an economic integration emerging as part of an effort to ensure peace and security is

(A) Customs Union

(B) European Union

(C) Economic Union

(D) African Union

Correct Answer

(A) Customs Union

[#465] Associate institutions of World Bank are

(A) IDA

(B) IFC

(C) IMF

(D) Both A and B

Correct Answer

(D) Both A and B