MH SET 2024 Paper 2 Commerce Question Paper (07-Apr-2024)

Question 1

Which of the following is not a principle of WTO ?

Accepted Answer

Discrimination

Answer

Free Trade

Answer

Non-discrimination

Answer

Fair Competition

Question 2

Disequilibrium in the balance of payment is caused by which economic factor ?

Accepted Answer

Secular disequilibrium

Answer

Religious disequilibrium

Answer

Uniform disequilibrium

Answer

Inconsistent disequilibrium

Question 3

Identify a factor that doesn’t play an important role in attracting FDI.

Accepted Answer

Language

Answer

Laws, Rules and Regulation

Answer

Administrative procedure

Answer

Cost of Resources

Question 4

Which of the following is not a characteristic of joint venture ?

Accepted Answer

One of the partners acquires complete stock of the other

Answer

Equity position held by each of the partner

Answer

Possible only with legally incorporated entities

Answer

Intent by partner to share in the management

Question 5

Who proposed the theory of competitive advantage ?

Accepted Answer

Michael Porter

Answer

David Ricardo

Answer

Bruce Kogur

Answer

Adam Smith