International Business Environment MCQ with Answers
International Business Environment MCQ Multiple Choice Questions with answers, these notes are useful for the preparation of various competitive and academic exams like UGC, NET, BCOM, MCOM, MBA, BBA and many other regular and distance education exams. International Business Environment MCQ Multiple Choice Questions. International Business Environment MCQ Multiple Choice Questions with answers are available here:-
41. The economic System whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply is
A. Market socialism.
B. Market capitalism.
C. Centrally- planned socialism.
D. Centrally- planned capitalism.
ANSWER: C
42. Islamic Law is a comprehensive code based in part on
A. Roman Law and the Napoleonic Law.
B. Anglo-Saxon common law.
C. EU law.
D. the Koran.
ANSWER: D
43. The following are examples of political risk actions
A. local-content laws and exchange controls.
B. import and labour restrictions.
C. price and tax controls.
D. all of the above.
ANSWER: D
44. Which of the following options contains the correct order from the lowest to highest level of economic integration?
A. from economic area to a customs union to common market to free trade area.
B. from a customs union to economic union to free trade area to the common market.
C. from free trade area to a customs union to common market to economic union.
D. from a common market to free trade area to an economic union to the customs union.
ANSWER: D
45. Among the factors that affect the balance of trade figures are
A. exchange rates, taxes, tariffs and trade measures.
B. the business cycle at home or abroad.
C, trade barriers and agreements.
D. non-tariff barriers.
ANSWER: A
46. Direct democracy is characterised by
A. citizens directly participating in the government of the state.
B. periodical elections for representatives.
C. police force in the private hands.
D. policy influenced by an individual.
ANSWER: A
47. The right of a citizen to freedom of expression and option is preserved in
A. representative democracy only.
B. all democracies.
C. direct democracy only.
D. democracy as well as totalitarianism.
ANSWER: B
48. Totalitarianism does not permit
A. practice of religion.
B. state worship of the land.
C. freedom of expression to citizens.
D. recognition of citizenship to residents.
ANSWER: C
49. Theocratic totalitarianism refers to rule by
A. tribals.
B. foreign missionaries.
C. the military.
D. religious leaders.
ANSWER: D
50. Sanctions and embargoes differ in the following respect
A. Sanctions are against the individuals, embargoes are against nations.
B. Sanctions are specific trade restrictions; embargoes prohibit all business deals with another country.
C. Sanctions are general, embargoes are specific.
D. Sanctions are against a single country, embargoes are against all foreign countries.
ANSWER: B
