Business Environment And International Business - Study Mode

Show All Answers

[#466] Consider the following statements. Assertion (A): Indian companies have established subsidiaries and joint ventures in a number of countries in different manufacturing industries and service sectors. Reason (R): By restricting the areas of operations and growth, the government policy seriously constrained the potential of Indian companies to make a foray into the foreign countries.

(A) Both (A) and (R) are correct and (R) is the right explanation of (A)

(B) Both (A) and (R) are correct, but (R) is not the right explanation of (A)

(C) Both (A) and (R) are incorrect

(D) (A) is correct, but (R) is incorrect

Correct Answer

(B) Both (A) and (R) are correct, but (R) is not the right explanation of (A)

[#467] At the 2013 Bali Ministerial Conference, much of the focus was on a proposal to shield public stockholding programs for food security in developing countries, so that they would not be challenged legally even if a country's agreed limits for trade-distorting domestic support were breached. This is linked with administered price. Farming nations wanted it to be linked with 'green box' subsidies. This interim solution is called as:

(A) Peace Clause

(B) Green box clause

(C) Amber box clause

(D) Blue box clause

Correct Answer

(A) Peace Clause

[#468] Consider the following statements. Assertion (A): International business has grown in more recent years at a faster pace than global production. Reason (R): Growth through trade has increased, but growth through foreign direct investment has not.

(A) Both (A) and (R) are correct

(B) (A) is correct bur (R) is incorrect

(C) (A) is incorrect but (R) is correct

(D) Both (A) and (R) are incorrect

Correct Answer

(B) (A) is correct bur (R) is incorrect

[#469] Which of the following statement(s) is/are correct?

(A) Mercantilism supported Autarky

(B) Mercantilism originated in Britain

(C) Mercantilism was based on the ideology of globalisation

(D) All of the above

Correct Answer

(B) Mercantilism originated in Britain

[#470] Consider the following statements. Assertion (A): An export processing zone is different from free trade zone as it promotes units primarily devoted to exports. Reason (R): Goods imported to a free trade zone maybe re-exported without any processing, in the same form. But goods exported by units in an EPZ are expected to have undergone some value addition by manufacturing/processing.

(A) (A) is correct and (R) is correct explanation of (A)

(B) (A) is correct but (R) is not the correct explanation of (A)

(C) (A) is correct but (R) is incorrect

(D) (A) is incorrect but (R) is correct

Correct Answer

(A) (A) is correct and (R) is correct explanation of (A)