Business Environment And International Business - Study Mode
[#481] Assertion (A): Comparative cost theory is static in character. Reason (R): Comparative cost theory is based on fixed supplies of factors of production
Correct Answer
(D) Both (A) and (R) are correct and (R) is the correct explanation of (A)
[#482] Globalization is a term used to describe the process of removal of restrictions on which of the following?
Correct Answer
(D) All of the above
[#483] Strategies and policies
Correct Answer
(B) Given direction
[#484] The balance of payments of a country on Current Account is equal to:
Correct Answer
(B) Balance of trade plus net invisible exports
[#485] Assertion (A): Amended Patent Act, in compliance with WTO, provides for grant of product patent as well as a process patent for a period of 20 years from the date of application. Reason (R): Under the Act, patent may be granted to an invention which means a new product or process involving an inventive step and capable of industrial application, a technical advance over existing knowledge.
Correct Answer
(D) A is true, but R is false