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International Business - II

Question

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Which are true and which are false statements ?
A.
Payment is made in foreign currency in international trade.
B.
There is dealing between two countries in domestic trade.
C.
There is less risk in national trade as compared to international trade.
D.
Air transport and sea transport are used in international trade.

Solution

A. True
B. False
C. True
D. True

Some More Questions From International Business - II Chapter

What purpose is solved by IMF (International Monetary Fund) ?

When GATT was evolved ?

Give meaning of WTO agreement.

Give the steps involved in the import of goods taken by one country.

Briefly explain “Advance license scheme” announced by Government of India to promote foreign trade.

Briefly explain “export promotion capital goods scheme”.

Which documents must be submitted to obtain IEC number ?

What is the main objective of WTO?

Write down any three features of international business.

Write down full name of EPZ and SEP.

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