Business Environment and International Business — Practice

Question 1

A company's organisational culture, its internal reporting structure, and its accumulated brand equity are all classified under which component of the business environment?

Accepted Answer

A

Question 2

A firm's raw-material supplier suddenly raises prices, directly affecting only this firm's cost structure among competitors sourcing from other suppliers. This factor belongs to the firm's

Accepted Answer

A

Question 3

Which of the following correctly distinguishes PESTEL analysis from Porter's Five Forces framework?

Accepted Answer

C

Question 4

What was the immediate macroeconomic trigger that forced India's 1991 Liberalisation-Privatisation-Globalisation reforms?

Accepted Answer

D

Question 5

Which body was established under the Competition Act, 2002 to prevent anti-competitive agreements, abuse of dominant position, and to regulate mergers that could harm market competition in India?

Accepted Answer

A

Question 6

Which WTO principle requires that a trade advantage (such as a lower tariff) granted by a member to any one trading partner must generally be extended to all other WTO members?

Accepted Answer

B

Question 7

Which WTO agreement specifically governs trade-related aspects of intellectual property rights such as patents, copyrights, and trademarks?

Accepted Answer

C

Question 8

An overseas company acquires 60% equity in an Indian manufacturing firm, appoints its own directors to the board, and begins directing the firm's production strategy. This investment is classified as

Accepted Answer

A

Question 9

A defining characteristic of a multinational corporation (MNC) is that it

Accepted Answer

A

Question 10

Under India's FDI policy, an investment in a sector requiring prior approval from the relevant administrative ministry before the investment can proceed is said to fall under the

Accepted Answer

B

Question 11

Why did India decide not to join the RCEP (Regional Comprehensive Economic Partnership) trade bloc when it was finalised in November 2019?

Accepted Answer

C

Question 12

Which scheme currently provides reimbursement of embedded duties and taxes on exported products from India, having replaced the earlier MEIS after MEIS was found non-compliant with WTO subsidy rules?

Accepted Answer

D

Question 13

A country records a deficit in its visible trade in goods for the year, yet its overall Balance of Payments shows a surplus. Which of the following best explains this outcome?

Accepted Answer

A

Question 14

An analyst wants to assess how intensely established firms in the Indian steel industry compete with each other, how easily new firms could enter, and how much bargaining leverage steel buyers hold. Which framework is best suited to this specific analysis?

Accepted Answer

B

Practice — Business Environment and International Business

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