Classical

International Business - International Business Multiple Choice Questions

21:  

BRICS includes

A.
Bhutan, Romania, Indonesia, Chile and South Korea
B.
Brazil, Russia, Indonesia, Chila and Sudan
C.
Brazil, Russia, India, China and South Africa
D.
Britain, Russia, India, Czechoslovakia,Srilanka
 
 

Option: C

Explanation :

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22:  
Which one of the following theories says that "to export was good and to be encouraged but to import was bad and to the discouraged."
A.

Comparative cost theory

B.

The theory of Absolute Advantage

C.

Factor Endowment theory

D.

Mercantilist theory

 
 

Option: D

Explanation :

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Sonika said: (7:57am on Tuesday 13th December 2016)
Answer will be D because mercantilist theory discourage imports and encourage import
pramod said: (10:40am on Sunday 25th December 2016)
ans D bcuz mercantile theory blvd dat a country should increase its holding of goods
Shubha Bharti said: (12:11am on Sunday 23rd April 2017)
The answer is Mercantilist theory because s this was the oldest theory and it said that exports should be encouraged and the it should be reserved in terms of Gold.

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23:  

A letter of credits means

A.
A bank agreeing to accept and pay on due date
B.
A letter containing conditions of credit purchase or sale
C.
A letter sent by exporter to importer sanctioning credit dial.
D.
A letter sent by importer to exporter sanctioning credit deal.
 
 

Option: A

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24:  

Which among the following are important bodies of WTO

(i) Dispute settlement body

(ii) NAFTA

(iii) Trade Policy Review Body

(iv) ASEAN

(v) Council for Trade in Goods

(vi) Council for trade related aspects of Intellectual property rights

(vii) GATT

An appropriate combination is

A.

(i), (ii), (iii), (iv)

B.

(ii), (iii), (iv), (v)

C.

(i), (iii), (v), (vii)

D.

(iv), (v), (vi), (vii)

 
 

Option: C

Explanation :

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25:  

The international monetary fund has estimated India's contribution to world gross domestic product in purchasing power parity (PPP) terms for 2011.

A.

4.6 percent

B.

6.4 percent

C.

7.1 percent

D.

8.9 percent

 
 

Option: D

Explanation :

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