BBA in Foreign Trade. We covered all the BBA in Foreign Trade MCQs in this post for free so that you can practice well for the exam.
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BBA in Foreign Trade Objective for Students
Which one of the following factors is not considered in determining the Minimum Support Price (MSP) in India?
(a) Cost of production
(b) Price trends in international and domestic markets
(c) Cost of living index
(d) Inter-crop price parity
Option c – Cost of living index
A market situation when firms sell similar but not identical products is termed as:
(a) perfect competition
(b) imperfect competition
(c) monopolistic competition
(d) oligopoly
Option c – monopolistic competition
Which one is a primary activity?
(a) Mining
(b) Processing
(c) Fabrication
(d) Manufacturing
Option a – Mining
The unorganized sector of India is characterized by:
(a) more currency transactions
(b) more bank transactions
(c) more barter transactions
(d) more foreign exchange transactions
Option a – more currency transactions
The economic cost of food grains to the Food Corporation of India is the Minimum Support Price and bonus (if any) paid to the farmers plus:
(a) transportation cost only
(b) interest cost only
(c) procurement incidentals and distribution cost
(d) procurement incidentals and charges for godowns
Option c – procurement incidentals and distribution cost
We covered all the BBA in foreign trade mcqs above in this post for free so that you can practice well for the exam.
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