Top 150+ Solved International Business MCQ Questions Answer

From 76 to 90 of 179

Q. Under a gold standard,

a. a nation’s currency can be traded for gold at a fixed rate

b. a nation’s central bank or monetary authority has absolute control over its money supply

c. new discoveries of gold have no effect on money supply or prices

d. a & b

  • a. a nation’s currency can be traded for gold at a fixed rate

Q. The Bretton Woods accord

a. of 1879 created the gold standard as the basis of international finance

b. of 1914 formulated a new international monetary system after the collapse of the gold standard

c. of 1944 formulated a new international monetary system after the collapse of the gold standard

d. none of the above

  • c. of 1944 formulated a new international monetary system after the collapse of the gold standard

Q. The current system of international finance is a

a. gold standard

b. fixed exchange rate system

c. floating exchange rate system

d. managed float exchange rate system

  • d. managed float exchange rate system

Q. Ask quote is for

a. seller

b. buyer

c. hedger

d. speculator

  • a. seller

Q. A simultaneous purchase and sale of foreign exchange for two different dates is called

a. currency devalues

b. currency swap

c. currency valuation

d. currency exchange

  • b. currency swap

Q. The basic objective of export Promotion Council is to promote and develop the Exports of the

a. particular products of country

b. only attractive projects of the country

c. only services industry products of the country.

d. overall exports of the country.

  • d. overall exports of the country.

Q. The main promoter of trade liberalization was

a. gatt

b. nafta

c. cepta

d. cisa

  • a. gatt

Q. _______________ is an important reason for economic integration.

a. geographic proximity

b. democracy

c. totalitarianism

d. common law practice

  • a. geographic proximity

Q. Which of the following was developed with the rationale that the U.S.-Canadian trade was the largestbilateral trade in the world and that the United States is Mexico’s and Canada’s largest trading partner?

a. cefta (the central european free trade agreement)

b. nafta (the north american free trade agreement)

c. asean (association of south east asian nations)

d. eu (the european union)

  • b. nafta (the north american free trade agreement)

Q. Where is the headquarters of the EU?

a. belgium

b. netherlands

c. luxembourg

d. greece

  • a. belgium

Q. Apart from India, Pakistan and Bangladesh who are the other member countries of SAARC?

a. nepal, bhutan, thailand and singapore

b. nepal, bhutan, malaysia and maldives

c. nepal, bhutan, maldives, sri lanka and afghanistan

d. none of the above

  • c. nepal, bhutan, maldives, sri lanka and afghanistan
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