question In commerce what is the role of the World Bank

What does the term "invisible hand" signify in economic theory?

A. Government intervention in the market
B. Natural market forces guiding economic decisions
C. Monopoly power
D. Unregulated business practices

What is the primary function of the International Monetary Fund (IMF) in commerce?

A. Regulating international trade
B. Providing financial assistance to countries facing balance of payments problems
C. Managing fiscal policy
D. Controlling inflation

What is the purpose of the General Agreement on Tariffs and Trade (GATT) in commerce?

A. Regulating domestic trade
B. Promoting free trade and reducing trade barriers
C. Managing fiscal policy
D. Controlling inflation

In commerce, what does the term "brand equity" refer to?

A. Market share
B. The financial value of a brand
C. Advertising expenses
D. Product pricing

What is the primary objective of consumer protection laws in commerce?

A. Maximizing profits for businesses
B. Ensuring fair and ethical business practices
C. Restricting competition
D. Reducing product quality

What is the primary function of the Central Bank in a country's commerce?

A. Managing foreign affairs
B. Regulating and controlling the money supply and monetary policy
C. Market research
D. Consumer protection

In commerce, what is the role of the World Bank?

A. Providing financial aid and development assistance to countries
B. Regulating international trade
C. Controlling inflation
D. Facilitating diplomatic relations

What is the primary focus of macroeconomics in commerce?

A. Aggregate economic indicators
B. Individual economic entities
C. Market trends
D. Consumer behavior

Which of the following is a component of commerce that involves buying and selling of goods?

A. Accounting
B. Marketing
C. Finance
D. Management

Commerce MCQS - QUESTION DETAILS

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