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31. Realignment of Alliance is result of:
(A) Changing interests
(B) Political Pressure
(C) Both (A) & (B)

32. Which defines relations among states the most:
(A) Interests
(B) People to People relations
(C) Both (A) & (B)

33. Which is no studied under IR:
(A) War and Peace
(B) Diplomacy
(C) Political Cultures

34. Primary topic of IR is:
(A) States
(B) Individuals
(C) Organizations

35. International Relations is a _____ discipline:
(A) Narrow
(B) Vast
(C) None of These

ANSWERS: MCQS OF INTERNATIONAL RELATIONS
31. (C) Both (A) & (B)
32. (A) Interests
33. (C) Political Cultures
34. (A) States
35. (B) Vast

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26. Alliance founded to counter NATO was:
(A) SEATO
(B) Warsaw Pact
(C) CENTO

27. Who was the last President of USSR:
(A) Stalin
(B) Khrushchev
(C) Gorbachev

28. Gorbachev was considered as one of the reason for early collapse of:
(A) USA
(B) USSR
(C) Germany

29. World War 1 resulted in defeat of:
(A) France
(B) USA
(C) Ottoman Empire

30. Modern Turkey is the successor state of:
(A) France
(B) USA
(C) Ottoman Empire

ANSWERS: INTERNATIONAL RELATIONS MCQS
26. (B) Warsaw Pact
27. (C) Gorbachev
28. (B) USSR
29. (C) Ottoman Empire
30. (C) Ottoman Empire

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21. Cold War rivals were:
(A) USA and France
(B) USA and UK
(C) USA and USSR

22. Cold War ended with the:
(A) Collapse of USSR
(B) Fall of the Berlin Wall
(C) Both (A) & (B)

23. Détente is the term associated with:
(A) Cuban Missile Crisis
(B) Cold War
(C) Bay of Pigs Invasions

24. World became ______ after the end of Cold War:
(A) Unipolar
(B) Bipolar
(C) None of These

25. NATO is a security alliance of:
(A) North America and Europe
(B) USA and Russia
(C) Asia and Europe

ANSWERS: INTERNATIONAL RELATIONS MULTIPLE CHOICE QUESTIONS
21. (C) USA and USSR
22. (C) Both (A) & (B)
23. (B) Cold War
24. (A) Unipolar
25. (A) North America and Europe

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16. Cuban Missile Crisis involves which three countries:
(A) USSR, Germany and Cuba
(B) USSR, France and USA
(C) USSA, Cuba and USA

17. Prime Minister of Cuba during the Cuban Missile Crisis was:
(A) Raul Castro
(B) Fidel Castro
(C) Ernesto Guevara

18. Bay of Pigs invasion is associated with which two countries:
(A) USA and USSR
(B) USA and Germany
(C) USA and Cuba

19. USSR was founded by:
(A) Vladimir Lenin
(B) Joseph Stalin
(C) Nikita Khrushchev

20. Who was President of USSR when the Cold War began:
(A) Vladimir Lenin
(B) Joseph Stalin
(C) Nikita Khrushchev

ANSWERS: INTERNATIONAL RELATIONS QUESTIONS
16. (C) USSA, Cuba and USA
17. (B) Fidel Castro
18. (C) USA and Cuba
19. (A) Vladimir Lenin
20. (B) Joseph Stalin

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11. World War II was won by which alliance:
(A) Allies
(B) Axis
(C) Nazis

12. Who was the Prime Minister of UK during the World War II:
(A) Tony Blair
(B) Winston Churchill
(C) Gordon Brown

13. Who was leader of the USSR during WW II:
(A) Lenin
(B) Stalin
(C) Khrushchev

14. Diplomacy means:
(A) Ways to start international business
(B) Method of international relations
(C) Means of waging war

15. President of the US who helped in founding the League of Nations was:
(A) George Washington
(B) Abraham Lincoln
(C) Woodrow Wilson

ANSWERS: INTERNATIONAL RELATIONS QUIZZES
11. (A) Allies
12. (B) Winston Churchill
13. (B) Stalin
14. (B) Method of international relations
15. (C) Woodrow Wilson

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6. International Relations is comparatively _____ discipline:
(A) New
(B) Ancient
(C) Old

7. Idealism primarily believes in:
(A) War and Conflict
(B) Trade and Cooperation
(C) Cold War

8. Realism primarily believes in:
(A) War and Conflict
(B) Trade and Cooperation
(C) Cold War

9. War is considered as:
(A) Diplomacy by other means
(B) Unwanted
(C) Both (A) & (B)

10. World War II began in the year:
(A) 1929
(B) 1939
(C) 1949

ANSWERS: INTERNATIONAL RELATIONS QUIZ
6. (A) New
7. (B) Trade and Cooperation
8. (A) War and Conflict
9. (C) Both (A) & (B)
10. (B) 1939

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International Relations MCQs

INTERNATIONAL RELATIONS (IR) MULTIPLE CHOICE QUESTIONS (MCQS).

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1. International Relations is the study of:
(A) Relations among states
(B) Relations among individuals
(C) Relations among citizens of a state

2. International Relations was branch of which discipline?
(A) Sociology
(B) International Law
(C) Political Science

3. Two mainstream theories of IR include:
(A) Professionalism and Individualism
(B) Realism and Idealism
(C) Rule of Law and Equality

4. Whose name is associated with Realism Theory:
(A) Karl Marx
(B) Hans Morgenthau
(C) Woodrow Wilson

5. Woodrow Wilson was proponent of:
(A) Realism
(B) Constructivism
(C) Idealism

ANSWERS: INTERNATIONAL RELATIONS MCQS
1. (A) Relations among states
2. (C) Political Science
3. (B) Realism and Idealism
4. (B) Hans Morgenthau
5. (C) Idealism

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11. A contract to sell the property by a minor through guardian is
(A) Void
(B) Voidable
(C) Valid
(D) None of these

12. “Void Ab Initio” means
(A) Invalid from the Beginning
(B) Partly Invalid
(C) Partly Valid
(D) None of these

13. We are uploading more MCQs..
(A)
(B)
(C)
(D)

14.
(A)
(B)
(C)
(D)

15.
(A)
(B)
(C)
(D)

ANSWERS: MERCANTILE LAW MCQS
11. (C) Valid
12. (A) Invalid from the Beginning
13.
14.
15.

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6. Companies with shares available on stock market are called
(A) Listed Companies
(B) Unlisted Companies
(C) Stock Companies
(D) Equity-based Companies

7. Stock Exchange facilitates the business of
I. Company Formation
II. Company Regulation
III. Buying and Selling of Shares
(A) I only
(B) I and II only
(C) III only
(D) I, II and III

8. Death of a company is termed as
(A) Collapse
(B) Liquidation
(C) None of These
(D) A company cannot be dead

9. Sole Proprietorship is a kind of business that involves
(A) One Individual
(B) Two Individuals
(C) More than Two Individuals
(D) None of these

10. “Pacta sunt Servanda” means
(A) Promises must be kept
(B) Promises must be Broken
(C) Promises must not be Broken
(D) Promises are contracts by nature

ANSWERS: BUSINESS LAW QUIZ
6. (A) Listed Companies
7. (C) III only
8. (B) Liquidation
9. (A) One Individual
10. (A) Promises must be kept

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Business Law MCQs

The following Business Law Multiple Choice Questions (MCQs) are from Contract Act, Partnership Act, Sales of Goods Act, Negotiable Instrument Act, and Companies (or Corporate) Law. Find answers to the questions at the bottom of the page.

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1. According to Contract Act, what is true about the “Contract”?
I. Legal Term
II. Binding agreement
III. Always in written
(A) II only
(B) I and II only
(C) II and III only
(D) I, II and III

2. Contract can be signed between
(A) Individuals
(B) Legal Entities
(C) Both (A) and (B)
(D) None of these

3. In general, Partnership entails
(A) Limited Liability
(B) Unlimited Liability
(C) No Liability at all
(D) Both (A) and (C)

4. Which kind of partnership entails more legal benefits?
(A) Limited Liability Partnership
(B) Unlimited Liability Partnership
(C) Ordinary Partnership
(D) None of these

5. Limited Liability in Partnership has been introduced after seeking inspiration from
(A) Sole Proprietorship
(B) Company or Corporation
(C) Both (A) and (B)
(D) None of these

ANSWERS: BUSINESS LAW MCQS
1. (D) I, II and III
2. (C) Both (A) and (B)
3. (B) Unlimited Liability
4. (A) Limited Liability Partnership
5. (B) Company or Corporation

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ISLAMIC BANKING & FINANCE MULTIPLE CHOICE QUESTIONS (MCQS).

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6. The Islamic financial system works on the basis of
(A) sharing return
(B) sharing risk
(C) sharing risk and return
(D) predetermined risk and return

7. In Islamic banking and finance, any deal must have an underlying _____ backing the deal.
(A) asset
(B) profit
(C) risk
(D) currency

8. A “sukuk” is basically a Shariah-compliant
(A) loan
(B) profit
(C) bank cheque
(D) investment certificate

9. “Takaful” is basically a Shariah-compliant
(A) loan
(B) insurance
(C) investment
(D) ownership

10. Which from the following is/are NOT permitted under Islamic Financial Principles?
I. Interest
II. Short selling
III. Non-asset backed derivatives
(A) I only
(B) I and II
(C) I and III
(D) I, II and III

ANSWERS: ISLAMIC BANKING AND FINANCE MCQS
6. (C) sharing risk and return
7. (A) asset
8. (D) investment certificate
9. (B) insurance
10. (D) I, II and III

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Islamic Finance MCQs

ISLAMIC PRINCIPLES OF BANKING & FINANCE MULTIPLE CHOICE QUESTIONS (MCQS).

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1. Islamic Finance is strongly _____ oriented.
(A) profit
(B) money
(C) equity
(D) interest

2. In Islamic Finance, the owner of capital _____ the profits made by the entrepreneur.
(A) can share
(B) cannot share
(C) receive
(D) can never take

3. The Islamic financial system regards “the time value of money” as
(A) interest
(B) rent
(C) loss
(D) profit

4. The Islamic financial system regards “the monetary value of time” as
(A) interest
(B) profit
(C) loss
(D) rent

5. In Sharia law and Islamic financing, “making money from money” is
(A) permitted
(B) not permitted
(C) permitted in certain cases
(D) permitted for Islamic banks only

ANSWERS: ISLAMIC PRINCIPLES OF BANKING & FINANCE MCQS
1. (C) equity
2. (A) can share
3. (D) profit
4. (A) interest
5. (B) not permitted

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21. The Internal Rate of Return (IRR) is the rate of discount that makes Net Present Value (NPV)
(A) zero
(B) one
(C) positive
(D) negative

22. An investment should be accepted if its Net Present Value (NPV) is
(A) 0
(B) 1
(C) positive
(D) negative

23. An investment should be accepted if
(A) Rate of Return > Opportunity Cost
(B) Rate of Return < Opportunity Cost
(C) Rate of Return = Opportunity Cost
(D) A, B and C are irrelevant

24. World Trade Organization (WTO) was established on 1 January
(A) 1993
(B) 1995
(C) 1997
(D) 1999

25. The main function of WTO is to ensure that trade flows:
I. smoothly
II. freely
III. predictably
(A) I only
(B) II only
(C) I and II only
(D) I, II and III

ANSWERS: COMMERCE QUESTIONS
21. (A) zero
22. (C) positive
23. (A) Rate of Return > Opportunity Cost
24. (B) 1995
25. (D) I, II and III

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16. Which of the following is the safest investment?
(A) Treasury bills
(B) Government bond
(C) Corporate bond
(D) Stocks

17. Net Present Value (NPV) is calculated as
(A) cash inflow – cash outflow
(B) cash outflow – cash inflow
(C) PV of cash inflow – PV of cash outflow
(D) PV of cash outflow – PV of cash inflow

18. IMF provides assessments of latest public finance developments in its
(A) Fiscal Monitor Reports
(B) World Economic Outlook Reports
(C) Global Financial Stability Reports
(D) None of these

19. The ratio between amount of profit and investment is known as
(A) NPV
(B) opportunity cost
(C) risk premium
(D) rate of return

20. In Finance, risk is calculated by calculating the _____ of possible outcomes.
(A) mean
(B) standard deviation
(C) variance
(D) kurtosis

ANSWERS: COMMERCE MULTIPLE CHOICE QUESTIONS
16. (A) Treasury bills
17. (C) PV of cash inflow – PV of cash outflow
18. (A) Fiscal Monitor Reports
19. (D) rate of return
20. (B) standard deviation

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11. An investment is believed to be risky if
(A) it is dangerous
(B) it has low returns
(C) its returns are uncertain
(D) its raw material is unavailable

12. The World Bank has two goals: to promote shared prosperity in a sustainable way, and to
(A) end extreme poverty
(B) reduce difference between rich and poor
(C) invest on health and education
(D) combat deadliest diseases

13. The World Bank provides loans and grants to pursue
(A) balance of payments
(B) capital projects
(C) exports
(D) education and health related projects

14. GATT is an abbreviation for
(A) General Agreement on Transport and Trade
(B) General Agreement on Tariffs and Trade
(C) Generally Accepted Telegraphic Transfer
(D) Generally Accepted on Trade and Telegraph

15. The headquarter of World Trade Organization (WTO) is located in
(A) London
(B) New York
(C) Washington
(D) Geneva

ANSWERS: COMMERCE QUIZ
11. (C) its returns are uncertain
12. (A) end extreme poverty
13. (B) capital projects
14. (B) General Agreement on Tariffs and Trade
15. (D) Geneva

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