MH SET 2021 Paper 2 Commerce Question Paper (26-Sep-2021)

Question 1

A feeling of confusion, insecurity and anxiety caused by the strangeness of a new environment is termed as :

Accepted Answer

Cultural shock

Answer

Cultural lag

Answer

Cultural conformity

Answer

Cultural transmission

Question 2

The theory of Absolute Cost Advantage was given by :

Accepted Answer

Adam Smith

Answer

Paul Krugman

Answer

Eli Heckscher

Answer

David Ricardo

Question 3

India’s foreign trade policy is known as :

Accepted Answer

EXIM policy

Answer

EXIT policy

Answer

FDI policy

Answer

Monetary policy

Question 4

Firms that operate internationally are able to :

Accepted Answer

All the above

Answer

Earn a greater return from their skills and core competencies

Answer

Realize location economies where they can be performed most efficiently

Answer

Realize experience curve economies which reduces cost of production

Question 5

Which one of the following is not a component of balance of payments ?

Accepted Answer

Social account

Answer

Current account

Answer

Capital account

Answer

Official settlement account