Management Questions and Answers - Set 48 | MBA BBA Solved Multiple Choice Questions(MCQs)

1 National income equilibrium is not at the level where

1 aggregate investment equals aggregate savings

2 aggregate expenditure equals aggregate income

3 inflationary and deflationary gaps are absent

4 none of these

View Answer

Answer: none of these

2 The four types of social responsibility include :

1 Legal, Philanthropic, Economic and Ethical

2 Ethical, Moral, Social and Economic

3 Philanthropic, Justice, Economic and Ethical

4 Legal, Moral, Ethical and Economic

View Answer

Answer:Legal, Philanthropic, Economic and Ethical

3 From the following statements relating to WTO agreements, choose the statements that are correct :

Statement I : Diversity in technical regulations and industrial standards among countries leads to the introduction of TBT (Technical Barriers to trade) Agreements.

Statement II : The aim of WTO agreements on customs valuation is to ensure a fair, uniform and neutral system for the valuation of goods for customs purposes.

Statement III : The agreement on Trade Related Investment Measures (TRIMs) applies only to measures that affect trade in goods.

Codes :

1 Statements I and II only are correct.

2 Only statement I is correct.

3 Only statements II and III are correct.

4 All the statements are correct.

View Answer

Answer: All the statements are correct.

4 If the spot rate of US dollar is ` 60 and one mouth forward rate is ` 62, the forward rate premium (p) will be

1 40%

2 (–)40%

3 33%

4 (–)33%

View Answer

Answer: 40%

5 For which of the following sectors, the FDI cap/equity is 100% ?

i. Mining including exploration and mining of diamonds.

ii. Defence production

iii. Drugs and pharmaceuticals

iv. Insurance

v. Banking

vi. Power (except atomic energy)

Codes :

1 i, iii, iv and vi

2 i, iii, iv and v

3 i, ii and vi

4 i, iii and vi

View Answer

Answer: i, iii and vi

6 As per the Foreign Trade (Development and Regulation) Act, 1992, who advises the Central Government in the formulation of Export and Import Policy ?

1 Chief controller of Imports and Exports

2 Director General of Foreign Trade

3 Director General of Commercial Intelligence

4 Chief Controller of Foreign Trade

View Answer

Answer: Director General of Foreign Trade

7 According to Eclectic theory of Foreign Direct Investment (FDI), the motivation behind FDI is/are

1 Capital and labour adequacy

2 Raw material and labour adequacy

3 Ownership, location and internalisation

4 Labour, capital market and internalisation

View Answer

Answer:Ownership, location and internalisation

8 The following statements are related to patents. Using code indicate the statements that are not correct :

Statement I: Patent is aimed to encourage economic and technological development.

Statement II : Patent can be protected only for a limited period.

Statement III : The law of patent is international in its operation.

Statement IV : When the patent right expire, the technology becomes public property.

Codes :

1 Statements II, III and IV are not correct.

2 Statements II and IV are not correct.

3 Statement III is not correct.

4 Statement IV is not correct.

View Answer

Answer:Statement III is not correct.

9 Pichot suggested three roles for the intrapreneur in promoting innovation. Indicate the correct answer.

1 Inventor, innovator and sponsor

2 Inventor, product champion and sponsor

3 Team builder, information source and advocate

4 Mould breaker, change agent and sponsor

View Answer

Answer:Inventor, product champion and sponsor

10 Which of the following statements are not correct in relation to pre-shipment credit in foreign currency ?

Statement I : It is a foreign currency loan available, both, to the importers and exporters.

Statement II : It is self liquidating in nature and can be liquidated by purchasing/ discounting of bills.

Statement III : Refinance from RBI is available to banks against pre-shipment credit in foreign currency.

Statement IV : The interest rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.

Codes :

1 Statements I, II and III are not correct.

2 Statements I, III and IV are not correct.

3 Statement II and IV are not correct

4 Statement II and III are not correct.

View Answer

Answer: Statements I, III and IV are not correct.

11 The small scale sector is the __________ largest employer of human resources in the country.

1 Single

2 Second

3 Third

4 Fourth

View Answer

Answer:Second

12 In case the price (P), quantity (Q),and changes ( ) are represented by respective symbols given in the brackets, the price elasticity of demand (Ed) is measured by

1 Ed = ( Q/Q)/( P/P)

2 Technical consultancy and financial assistance

3 Ed = P/ Q

4 Ed = ( P/P)/( Q/Q)

View Answer