UGC NET JRF Commerce PYQP 2025 January – Business Environment & International Business

1. ‘Which of the following is a situation of adverse balance of trade?
   (a) Import more than exports
   (b) Exports more than imports
   (c) Exports equal to imports
   (d) Export Surplus
2. ———— is the result of the Bretton Wood Conference of nations held in 1944.
   (a) WTO
   (b) IMF
   (c) IBRD
   (d) ADB
3. ‘Which one of the following is value added service of EXIM Bank?
   (a) Export Facilitation
   (b) Export product Development
   (c) Workshops and Seminars
   (d) Export Marketing
4. Which of the following are the features of F.E.M.A?
   A. Central government can regulate payments to and from a person situated outside country.
   B. Holding of immovable property outside India is restricted.
   C. R.B.I can restrict the transaction from capital account even if it is done by authorized person.
   D. All foreign financial transactions are to be done through F.E.M.A authorized person.
   E. F.E.M.A applies to Indian citizens living abroad.
   Choose the correct answer from the options given below:
   (a) A, B, C Only
   (b) B, D, E Only
   (c) A, B, E Only
   (d) A, C, D Only
5. Match List -I with List –II

   List – I (Theory)		List – II (Authors (s))
   A.	Theory of Comparative Advantage	I.	Heckseher & Ohlin
   B.	Theory of Opportunity Cost	II.	David Ricardo
   C.	Theory of Factor Endowment	III.	Haberler
   D.	Theory of Absolute Advantage	IV.	Adam Smith

   Choose the correct answer from the options given below:
   (a) A-II, B-III, C-I, D-IV
   (b) A-II, B-III, C-IV, D-I
   (c) A-III, B-II, C-I, D-IV
   (d) A-IV, B-III, C-II, D-I

6. Which of the following is not a monetary measure for correcting disequilibrium in Balance of Payment?
   (a) Monetary Contraction
   (b) Devaluation
   (c) Exchange Control
   (d) Abolition of Export Duties
7. The Consumer Protection Act came into force first on
   (a) 14 June, 1986
   (b) 20 January, 1987
   (c) 24 December, 1986
   (d) 14 July, 1987
8. Arrange the following levels of economic integration in increasing order.
   A. Political Union
   B. Free Trade Area
   C. Customs Union
   D. Common Market
   E. Economic Union
   Choose the correct answer from the options given below:
   (a) B, C, D, E, A
   (b) B, A, C, D, E
   (c) B, A, D, C, E
   (d) E, D, B, A, C
9. ‘Which of the following is not the characteristics of theory of comparative cost advantage?
   A. There is full employment of the factors of production
   B. There are two countries, rwo commodities and rwo factors of production
   C. There are two counties, two commoditics and one factor of production
   D. There is absence of transportation cost
   E. The countries are capital intensive only.
   Choose the correct answer from the options given below:
   (a) A, B, C Only
   (b) B, C, D Only
   (c) A, C, D Only
   (d) A, B, E Only
10. Match the List – I with List –II

    List – I (INSTITUTION)		List – II (YEAR OF ESTABLISHMENT)
    A.	UNCTAD	I.	1967
    B.	WTO	II.	1994
    C.	NAFTA	III.	1964
    D.	ASEAN	IV.	1995

    Choose the correct answer from the options given below:
    (a) A-I, B-II, C-III, D-IV
    (b) A-III, B-IV, C-II, D-I
    (c) A-I, B-III, C-IV, D-II
    (d) A-I, B-II, C-IV, D-III

Answer Key