Tag: business organisation

Questions Related to business organisation

Which of the following gauges the significance of trade in services?

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. Formulation of General Agreement on Trade in Services (GATS)

  2. EXIM Policy

  3. Tarrifs

  4. Customs duty

Show answer
Correct Option: A
Explanation:

The General Agreement on Trade in Services (GATS) is among the World Trade Organization's most important agreements. The accord, which came into force in January 1995, is the first and only set of multilateral rules covering international trade in services

In January 2018, Government of India allowed _____ per cent FDI in single brand retail through automatic route

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. 40

  2. 51

  3. 60

  4. 100

Show answer
Correct Option: D
Explanation:

A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.

_________ has emerged as the main categories of India's exports of services.

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. Hardware

  2. Hospitality

  3. Software

  4. Networking

Show answer
Correct Option: C
Explanation:

According to the latest Nasscom rankings,Tata Consultancy Services Ltd., Infosys Technologies Ltd. and Wipro Technologies Ltd are the top 3 revenue generators in India. Check out the top ten players in the Indian software industry. Founded in 1968, TCS is one of India's largest corporate houses.

The Trade Agreement has boosted the total trade between India and ASEAN substantially.

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. True

  2. False

Show answer
Correct Option: A
Explanation:

ASEAN increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus.It also breaks down domestic monopolies, which face competition from more efficient foreign firms.

Signing of _______ Services Agreement by India, has opened up opportunities of movement of both manpower and investments from either side between India and ASEAN.

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. GAAT

  2. Trade in Services & Trade in Investments

  3. WTO

  4. EXIM

Show answer
Correct Option: B
Explanation:

India formally signs Trade in Services & Trade in Investments Agreement with ASEAN. India has formally signed the Trade in Services & Trade in InvestmentsAgreement with ASEAN. The Services Agreement will open up opportunities of movement of both manpower and investments from either side between India and ASEAN.

FDI can include which of the following?

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. Mergers and acquisitions

  2. Building new facilities

  3. Expansion of existing production capacity

  4. All of the above

Show answer
Correct Option: D
Explanation:

FDI includes an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company.

'Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars'. State whether this statement is correct.

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. True

  2. False

Show answer
Correct Option: A
Explanation:

That amount gets added to the country's GDP. If a nation exports $80 billion of goods and imports $100 billion, it has net exports of minus $20 billion, and that amount is subtracted from the nation's GDP.That means that no nation wants a negative trade balance.

India is the fourth largest FDI source for which Arab nation?

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. Iran

  2. Iraq

  3. Qatar

  4. None of the above

Show answer
Correct Option: C
Explanation:

The Department of Analysis, Commercial and Industrial Information at the Ministry of Economy (MOE) has released an analytical study on the reality of the Indian economy and the non-oil foreign trade between the UAE and India. Along with featuring India’s salient economic indicators, the study contains economic, statistical and descriptive data on the movement of foreign trade and investment in India. The study concludes that trade and investment sectors form the cornerstone of the booming bilateral economic ties between the UAE and India. As far as the direct foreign non-oil trade between the two countries is concerned, the study reveals a 21 per cent decline in the total value of bilateral trade exchange during 2014 as compared to 2013

Terms of trade between two countries refer to a ratio 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. export prices to import prices

  2. currency values

  3. import to export

  4. balance of trade to Balance of payments

Show answer
Correct Option: A
Explanation:

Terms of trade. The terms of trade (TOT) is the relative price of imports in terms of exports and is defined as the ratio of export prices to import prices. It can be interpreted as the number of import goods an economy can purchase per unit of export goods

In terms of services Gross Value Added, India ranked 13th as 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. 2015

  2. 2016

  3. 2017

  4. 2018

Show answer
Correct Option: A
Explanation:

India accounts for 7.68 percent of total global agricultural output. GDP of Industry sector is $495.62 billion and world rank is 12. In Services sector, India world rank is 11 and GDP is $1185.79 billion. Contribution of Agriculture sector in Indian economy is much higher than world's average (6.1%).