Tag: business organisation

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Questions Related to business organisation

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

West Bengal specializes in production of _________.

  1. texties

  2. jute

  3. oil

  4. pearl
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Jute being crop is an important source of income of growers of West Bengal. In jute cultivation requires a considerable amount of cash investment, an average grown has to face a number of socio-economic and technological problems. A study was conducted on adoption of jute production technology in West Bengal.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

 If tariff is higher, then the imports will _______.

  1. increase

  2. decrease

  3. same as before

  4. either decrease or increase depends on the country's policies
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Those exports bring money into the country, which increases the exporting nation's GDP. When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and that decreases the importing nation's GDP

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Which is/are the disadvantage(s) of free trade?

  1. Unrealistic policy

  2. Increased economic dependence

  3. Unbalanced development

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Disadvantages of Free Trade
  1. Massive Job Losses. As trade barriers are eliminated, certain goods may be cheaper to obtain overseas than to make domestically.
  2. Predatory Pricing.
  3. Increased Vulnerability.
  4. New Industries Can't Develop.
  5. Tax Troubles.
Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Which index did rank India 8th on, April 20, 2017?

  1. AT Kearney FDI Confidence Index

  2. Morgan Stanley Index

  3. Moody's Rating

  4. ICRA rating
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Foreign Direct Investment Confidence (FDI) Index prepared by A.T. Kearney is an annual survey which tracks the impact of likely political, economic, and regulatory changes on the foreign direct investment intentions and preferences of CEOs, CFOs, and other top executives of Global 1000 companies.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

FDI up to ___% is now permitted in e-commerce companies provided such firms engage in B2B e-commerce.

  1. 51

  2. 75

  3. 90

  4. 100
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Foreigner investment in a scheduled or regional air transport service or domestic scheduled passenger airline is permitted to 100, with FDI up to 100% permitted under automatic route and beyond 49% through poor existing airport under the automatic route.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Which one of the following is not amongst India's major import items?

  1. Ayurvedic medicines

  2. Oil and petroleum products

  3. Pearls and precious stones

  4. Machinery
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India produces ayurvedic medicines on a large scale and even exports them. India imports oil and petroleum products, pearls and precious stones, machinery but they do not import ayurvedic medicines.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

In 1950-51, India's total exports stood at _______________.

  1. Rs.201 crores

  2. Rs.301 crores

  3. Rs.606 crores

  4. Rs.701 crores
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Historical economic data for India indicates that total exports in 1950-51 were valued at approximately Rs. 606 crores.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

The average total export during the first 15 years of planning was ______ percent of net national product.

  1. 2.8

  2. 3.8

  3. 4.8

  4. 5.8
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Historical analysis of India's early planning period indicates that exports averaged about 5.8 percent of the net national product during the first 15 years.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

The main causes for the slow growth of export are
I. Neglect of export sector in the development strategy of planning
II. Mounting inflationary pressure in economy
III. Slow expansion of industries producing export goods
IV. Export control and tariff barriers
Of these :

  1. I and II are correct

  2. III and IV are correct

  3. II and IV are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The slow growth of Indian exports during the early planning era was attributed to a combination of factors, including the neglect of the export sector, inflation, slow industrial expansion, and restrictive trade policies.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

The total value of India's international trade in 1995-96 was _________.

  1. Rs. 2,29,031 crores

  2. Rs. 28,110 crores

  3. Rs. 110 crores

  4. Rs. 1,18,110 crores
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The indian international trade consisited of exports of  1,06,353 crore and imports of 1,22,678 crore which sums up to 2,29,031 crores.

The figures of imports and exports went up due to the following :
  1. Liberalization : The act of liberaization gave the businessman to export goods and services and import new technologies which were diffcult to gain earlier.
  2. Privatization : The privatization played a very important role in increasing these figures of import and export . privatization increased the efficiency of the companies and made ease in the business licensing process which lead to imports and exports on higher pace.
  3. Globalization : The act of globalization had a huge contribution in imports and exports . The indian economy got connected to world economy,which helped to reach at level where the imports and exports are today.