MCQ Unit 1 - 1 Mark Answer Key

Question Option1
Which of the following are socio-

cultural factors affect business?
Expand BOP. Balance of Payments
Which of the following are
barriers to international trade
______is the practice of
safeguarding buyers of goods and
services, and the public, against
unfair practices in the
marketplace.
Factors influencing international
trade
Free international trade
Countries specializing in production of goods they are best suited for.
maximizes world output through
International business does not
result in the following
___________are organizations
formed by workers from related
Trade unions
fields that work for the common
interest of its members.
By entering into international
business, a firm expects
improvement in
Business across several

countries with some
Multinational business.
decentralization of management
decision making to subsidiaries is
By having business in different

countries, a firm reduces
Uneven distribution of natural
resources
The following factor does not
differentiate international
business from domestic business
Expand OECD
Wholly owned subsidiary can be
As a Greenfield venture.
set up
The essential feature of FDI is
No new investment in the host
country is created in the case of
A firm investing in a foreign
country to distribute the products
there in creation of
Conglomerate FDI refers to
Countries/ regions with huge
Market seeking FDI.
market siz will attract
Expand NAFTA
The following statement with
respect to culture is false
Religion of a person affects
his/her
For the society, religion has no
influence on
Expand TRIPS Trade-Related Aspects of Intellectual Property
Bilateral arrangements instituted
to restrain the rapid growth of
exports of specific manufactured
goods, are called
An IMF member may purchase
up to the full amount of its
reserve tranche anytime
India is not associated with
The licence necessary to obtain
foreign exchange to pay for the
imports, is called
Which one is not international
Institution
A tariff fails to restrict imports
when the demand for imports is
Which barrier can be used
against recession induced exports Quotas
into the country?
Balance of Payment can be made
favourable if
Quotas of all IMF members are
reviewed at intervals of
Which of the following is the
best example of Agreement
between Oligopolists
Which of the following is true
about the Board of Governors of
IMF?
In India --- has a predominant
Government Securities
share in the debt market.
Which of the following is the
criteria for approving an IDA
credit?
Which of the following is NOT
true about the borrowings of
IMF?
The companies globalise their
operations through defficient
means
SDR's are popularly known as
Each member of IMF, is assigned
a quota expressed in
The components of WTO are
Which type of elasticity plays a
crucial role indeterrnining
international trade.
The Fund's resources are
provided through
DFEC Stand for
_______is a form of business by
which the owner (franchisor) of a
product, service or method Francise
obtains distribution through
affiliated dealers (franchisees).
A company using the design of a

popular character, e.g. Mickey
Licenses
Mouse, on their products is an
example of _________
_______________ means an
asset or object bought or
Acquisition
obtained, typically by a library or
museum.
_________ is the possibilities a
company will have lower than
Business risk
anticipated profits or experience
a loss rather than taking a profit.
Option2 Option3
Consumer protection
Any or all spheres of marketing, operation and finance.
Political risk.
Is among the major factors for international business.
Product quality
Organization for Economic Cooperation and Development
Investor’s influence on the management of the enterprise.

Acquisition.
Forward vertical FDI.
North American Free Trade Agreement
Language
Voluntary export restraints
Subject only to the requirement of balance of payments need

NAFTA
Import licence
Price inelastic
Not more than five years
OPEC
Both (A) and (B)

Paper Gold
Special Drawing Rights
Price Elasticity of demand
Duty Free Export Credit

Option4 KLAApParameter Concept Subunit
All the Options K Introduction 1.1
K Introduction 1.1
All the Options L Introduction 1.1
L Introduction 1.1
All the Options K Characteristics of business. 1.2
K Characteristics of business. 1.2
Consumption is minimized. K Characteristics of business. 1.2
L Forms of Business 1.3
K Forms of Business 1.3

Is the only cause for international business. K Forms of Business 1.3
L Goals and Importance of Business 1.3
K Goals and Importance of Business 1.3
L Impact of Business 1.4
FDI made in unrelated products. L Impact of Business 1.4
K Introduction 1.1
Culture is determined by national boundaries. K Introduction 1.1
All of the above. L Introduction 1.1
L Introduction 1.1

TRAI L Forms of Business 1.3
(A) and (C). L Goals and Importance of Business 1.3
All of the above L Impact of Business 1.4
Non of the options L Impact of Business 1.4
All of the above L Impact of Business 1.4

All of the above K Forms of Business 1.3
All of the above. L Goals and Importance of Business 1.3

MCQ Unit 1 - 1 Mark Answer Key

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Question Option1

Which of the following are socio-

Business across several

By having business in different

A company using the design of a

Any or all spheres of marketing, operation and finance.

Organization for Economic Cooperation and Development

Investor’s influence on the management of the enterprise.

Forward vertical FDI.

North American Free Trade Agreement

Voluntary export restraints

Subject only to the requirement of balance of payments need

Not more than five years

Both (A) and (B)

Price Elasticity of demand

Duty Free Export Credit

All the Options K Introduction 1.1

All the Options L Introduction 1.1

All the Options K Characteristics of business. 1.2

K Characteristics of business. 1.2

Consumption is minimized. K Characteristics of business. 1.2

K Characteristics of business. 1.2

L Forms of Business 1.3

L Forms of Business 1.3

K Forms of Business 1.3

L Goals and Importance of Business 1.3

L Goals and Importance of Business 1.3

L Goals and Importance of Business 1.3

K Goals and Importance of Business 1.3

K Goals and Importance of Business 1.3

L Impact of Business 1.4

FDI made in unrelated products. L Impact of Business 1.4

L Impact of Business 1.4

Culture is determined by national boundaries. K Introduction 1.1

All of the above. L Introduction 1.1

K Characteristics of business. 1.2

K Characteristics of business. 1.2

K Characteristics of business. 1.2

L Forms of Business 1.3

TRAI L Forms of Business 1.3

K Forms of Business 1.3

K Forms of Business 1.3

(A) and (C). L Goals and Importance of Business 1.3

L Goals and Importance of Business 1.3

L Goals and Importance of Business 1.3

K Goals and Importance of Business 1.3

K Goals and Importance of Business 1.3

All of the above L Impact of Business 1.4

Non of the options L Impact of Business 1.4

All of the above L Impact of Business 1.4

L Forms of Business 1.3

All of the above K Forms of Business 1.3

K Forms of Business 1.3

All of the above. L Goals and Importance of Business 1.3

L Goals and Importance of Business 1.3

L Goals and Importance of Business 1.3

K Goals and Importance of Business 1.3

K Goals and Importance of Business 1.3

L Impact of Business 1.4