Tag: business organisation

Questions Related to business organisation

West Bengal specializes in production of _________.

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

  1. texties

  2. jute

  3. oil

  4. pearl

Show answer
Correct Option: B
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.

 If tariff is higher, then the imports will _______.

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

  1. increase

  2. decrease

  3. same as before

  4. either decrease or increase depends on the country's policies

Show answer
Correct Option: B
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

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

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

  1. Unrealistic policy

  2. Increased economic dependence

  3. Unbalanced development

  4. All of the above

Show answer
Correct Option: D
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.

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

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

  1. AT Kearney FDI Confidence Index

  2. Morgan Stanley Index

  3. Moody's Rating

  4. ICRA rating

Show answer
Correct Option: A
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.

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

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

  1. 51

  2. 75

  3. 90

  4. 100

Show answer
Correct Option: D
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.

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

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

  1. Ayurvedic medicines

  2. Oil and petroleum products

  3. Pearls and precious stones

  4. Machinery

Show answer
Correct Option: A
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.

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

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

  1. Rs.201 crores

  2. Rs.301 crores

  3. Rs.606 crores

  4. Rs.701 crores

Show answer
Correct Option: C

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

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

  1. 2.8

  2. 3.8

  3. 4.8

  4. 5.8

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Correct Option: D

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 :

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

  1. I and II are correct

  2. III and IV are correct

  3. II and IV are correct

  4. All are correct

Show answer
Correct Option: D

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

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

  1. Rs. 2,29,031 crores

  2. Rs. 28,110 crores

  3. Rs. 110 crores

  4. Rs. 1,18,110 crores

Show answer
Correct Option: A
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.