- Match the List-I with List-II
List-I (BOP)
A. Balance of Payments–Current A/c
B. Balance of Payments–Capital A/c
C. Balance of Trade
D. Balancing item
List-II (Concept)
I. Inflow and outflow of capital
II. International transactions of goods and Services
III. Import and Export of goods only
IV. Entry for errors and omissions
Choose the correct answer from the options given below:
(a) A-I, B-II, C-III, D-IV
(b) A-III, B-II, C-IV, D-I
(c) A-IV, B-III, C-I, D-II
(d) A-II, B-I, C-III, D-IV - Which of the following types of FDI includes creation of new assets and production facilities in the country?
(a) Brownfield investment
(b) Merger and Acquisition
(c) Strategic alliances
(d) Greenfield investment - Arrange the following in chronological order of their establishment (Old to New)
A. NAFTA
B. European Union
C. SAARC
D. ASEAN
Choose the correct answer from the options given below:
(a) A, B, C, D
(b) B, A, D, C
(c) D, C, B, A
(d) C, D, A, B - Arrange the following examples of business cycles in chronological order. (Old to New)
A. Dot Com bubble burst
B. Great Depression
C. Covid Pandemic
D. Global Financial Crisis
Choose the correct answer from the options given below:
(a) A, B, C, D
(b) B, A, D, C
(c) D, B, A, C
(d) C, D, A, B - In PESTLE framework, what does ‘L’ denotes?
(a) Labour
(b) Legal
(c) Land
(d) Latest - Arrange the following theories of international trade in chronological order (old to new)
A. Mercantilism Theory
B. Comparative Advantage Theory
C. Product Life Cycle Theory
D. Hecksher-Ohlin Theory
Choose the correct answer from the options given below:
(a) A, B, C, D
(b) A, B, D, C
(c) C, B, A, D
(d) B, A, C, D - Which of the following is NOT an element of Micro environment?
(a) Customers
(b) Suppliers
(c) Technology
(d) Competitors - Which of the following are the key objectives of WTO?
A. To set rules for international trade
B. To resolve trade disputes
C. To resolve border disputes
D. To provide a forum for negotiating trade liberalisation
Choose the correct answer from the options given below:
(a) A, B, D Only
(b) A, C Only
(c) B, C, D Only
(d) A, B, C and D - Which of the following countries were part of NAFTA?
A. United States
B. Canada
C. Mexico
D. Brazil
Choose the correct answer from the options given below:
(a) A, B Only
(b) A, B, C Only
(c) B, C, D Only
(d) B, C Only - Match the LIST-I with LIST-II
List-I (Trade Tariff)
A. Specific Tariff
B. Ad valorem Tariff
C. Compound Tariff
D. Variable Tariff
List-II (Explanation)
I. Fixed percentage of the value of the commodity
II. Fixed amount of money per unit
III. Duty fixed to bring the price of imported commodity to the level of domestic support price
IV. Combination of Ad valorem and Specific Tariff
Choose the correct answer from the options given below:
(a) A-I, B-II, C-III, D-IV
(b) A-II, B-I, C-IV, D-III
(c) A-III, B-IV, C-II, D-I
(d) A-IV, B-III, C-II, D-I - Which of the following is NOT the feature of business environment?
(a) Complex
(b) Dynamic
(c) Multi faceted
(d) Static
Answer Key
| 1 (d) | 2 (d) | 3 (c) | 4 (b) | 5 (b) |
| 6 (b) | 7 (c) | 8 (a) | 9 (b) | 10 (b) |
| 11 (d) |