International Business MCQ - International Business Section 2

1 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

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Correct AnswerOption C

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2 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

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Correct AnswerOption D

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3 A letter of credits means

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

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Correct AnswerOption A

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4 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

A
(i), (ii), (iii), (iv)
B
(ii), (iii), (iv), (v)
C
(i), (iii), (v), (vii)
D
(iv), (v), (vi), (vii)

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Correct AnswerOption C

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International Business practice questions can be used to gain a credit score in various undergraduate and post graduate commerce courses like B com and Mcom
This section can also be used by Environment students for improving their knowledge in International Business.
These practice questions can also be used by any student of XI or XII standard who has opted to study commerce to increase his knowledge in International Business.

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International Business MCQ - International Business Section 2

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