Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

The Foreign Exchange Management Act (FEMA) was implemented in the year _______.

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  1. 1996

  2. 1997

  3. 1998

  4. 1999

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Correct Option: D
Explanation:

The Foreign Exchange Management Act (FEMA) was implemented in the year 1999, it is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.

In the World Bank's Ease of doing Business Ranking, 2015 India is placed at _________.

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  1. 154 place out of the total 184 economies

  2. 142 place out of the total 189 economies

  3. 148 place out of the total 190 economies

  4. 146 place out of the total 188 economies

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Correct Option: B

The main objective of ITO  was to promote and facilitate international trade among member nations.

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  1. True

  2. False

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Correct Option: A
Explanation:

The main objective of ITO  was to promote and facilitate international trade among member nations, ITO was an international trade institution which is now also know as the WTO World Trade Oregannization.

The principal objective of the Foreign Exchange Regulation Act (FFRA) is _______.

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  1. to regulate dealings in foreign exchange and securities

  2. to regulate foreign companies

  3. to regulate domestic trade

  4. to regulate employment of foreign nationals

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Correct Option: A

In the initial stages of development, __________ imports will be high.

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  1. capital and technological

  2. maintenance

  3. both (a) and (b)

  4. neither (a) nor (b)

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Correct Option: A

The world bank is a group of ______ international financial organizations.

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  1. five

  2. three

  3. six

  4. four

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Correct Option: A
Explanation:

 The World Bank Group consists of five member institutions: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes

The term 'ISO' stands for ______________.

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  1. International Organisation for Standardisation

  2. International Standardisation for Organisation

  3. Indian Standard Organisation

  4. International Standards for Organisations

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Correct Option: A

The world bank provides resources for __________.

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  1. education

  2. sanitation

  3. health care

  4. all of the above

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Correct Option: D
Explanation:

The world bank provides resources for education, sanitation, health care in the nations that lack such resources.

World bank is also known as __________.

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  1. GATT

  2. WTO

  3. ITO

  4. IBRD

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Correct Option: D
Explanation:

The world bank is also known as International Bank for Reconstruction and Development (IBRD).

The world bank was set  up for the reconstruction of war-effected economies of Europe.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Funds (IMF). The intention behind the founding of the World Bank was to provide temporary loans to low-income countries and reconstruction of war-effected economies of Europe.