McqMate
101. |
_________ theory suggests for maintaining favourable balance of trade in the form of import of gold for export of goods and services. |
A. | Gold standard |
B. | Mercantilism |
C. | Non merchantilism |
D. | Breton wood system |
Answer» B. Mercantilism |
102. |
_________ is the application of knowledge which redefine the boundaries of global business. |
A. | Cultural factors |
B. | Political factors |
C. | Social factors |
D. | Technology |
Answer» D. Technology |
103. |
_________ is a form of licensing |
A. | Franchising |
B. | Patent |
C. | Brand |
D. | None of the above |
Answer» A. Franchising |
104. |
_________ is the long term contracting out of non-core business processes to an outside to help achieve increased share holder value |
A. | Contract manufacturing |
B. | BPO |
C. | Management contract |
D. | Turnkey contract |
Answer» B. BPO |
105. |
A _________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing/business service facility and turn the project over to the purchaser when it is ready for operation for a remuneration. |
A. | BPO |
B. | Contract Manufacturing |
C. | Turnkey project |
D. | Management contract |
Answer» C. Turnkey project |
106. |
First WTO Ministerial conference held in _________ |
A. | Geneva |
B. | Singapore |
C. | Manila |
D. | Dona |
Answer» B. Singapore |
107. |
In WTO _________ is the highest hierarchical level in the organizational structure. |
A. | General council |
B. | Committee and Management Bodies |
C. | Management Bodies |
D. | Ministerial conference |
Answer» D. Ministerial conference |
108. |
_________ is the sale of goods abroad at a price which is lower than the selling price of the same goods at the same time in the same circumstances at home, taking account of difference in transport costs. |
A. | Dumping |
B. | Tariff |
C. | Anti dumping |
D. | None of the above |
Answer» A. Dumping |
109. |
When the production of a product is more than the demand in the home country, the stocks piled up even after sales is _________ |
A. | Persistent Dumping |
B. | Predatory dumping |
C. | Intermittent Dumping |
D. | Anti Dumping |
Answer» C. Intermittent Dumping |
110. |
The monopolist sells the remaining production in foreign countries at a low price continuously in _________ |
A. | Intermittent Dumping |
B. | Persistent Dumping |
C. | Predatory Dumping |
D. | Anti dumping |
Answer» B. Persistent Dumping |
111. |
The monopolist sells the product in a foreign market at a low price initially with a view to drive away the competitors and increase the price after the competitors leave the market in _________ |
A. | Predatory dumping |
B. | Intermittent dumping |
C. | Persistent dumping |
D. | Anti duping |
Answer» A. Predatory dumping |
112. |
India was one of the _________ Governments that become members of the WTO on the first day of the formation of the WTO |
A. | 56 |
B. | 96 |
C. | 76 |
D. | 103 |
Answer» C. 76 |
113. |
EU Council Committee is also called _________ |
A. | Corper |
B. | Executive body |
C. | Advisory committee |
D. | Commissioners |
Answer» A. Corper |
114. |
The Corper is the link between the EU and _________ |
A. | Commissioners |
B. | Council |
C. | Executive body |
D. | Member Governments |
Answer» D. Member Governments |
115. |
The North American Free Trade Agreement (NAFTA) came into being on _________ |
A. | 1 Jan. 1992 |
B. | 1 March 1996 |
C. | 1 Jan. 1994 |
D. | 1 March 1994 |
Answer» C. 1 Jan. 1994 |
116. |
In the year 1989 _________ was established |
A. | NAFTA |
B. | APEC |
C. | ESCAP |
D. | SAARC |
Answer» B. APEC |
117. |
_________ is expected to eliminate all tariffs and trade barriers among the USA, Canada and Mexico. |
A. | SAARC |
B. | ASEAN |
C. | NAFTA |
D. | EEC |
Answer» D. EEC |
118. |
OPEC means _________ |
A. | Organisation of Petroleum Exporting Countries |
B. | Organisation of Pacific Economic Co-operation |
C. | Organisation of Pacific European Co-operation |
D. | Organisation of Pacific Exporting Commission |
Answer» A. Organisation of Petroleum Exporting Countries |
119. |
The remaining balance of quota, after drawing 25% of reserve trench is called _________ |
A. | God Trench |
B. | Credit trench |
C. | Quotas |
D. | Fund lending |
Answer» B. Credit trench |
120. |
The short fall of the member's currency with fund over its quota is called _________ |
A. | Gold trench |
B. | Credit trench |
C. | Reserve trench |
D. | Quotas |
Answer» C. Reserve trench |
121. |
_________ are popularly known as "Paper Gold". |
A. | Gold trench |
B. | Gold standard |
C. | Gold Exchange Standard |
D. | Special Drawing Rights |
Answer» D. Special Drawing Rights |
122. |
_________ is popularly known as World Bank |
A. | IBRD |
B. | IDA |
C. | ADB |
D. | IMF |
Answer» A. IBRD |
123. |
IDA was established primarily to provide finance to less developed member countries on a _________ basis. |
A. | Credit |
B. | Soft loan |
C. | Debit |
D. | Hard loan |
Answer» B. Soft loan |
124. |
IDA loans are known as _________ |
A. | IDA credit |
B. | IDA debit |
C. | Soft loan |
D. | Both a and b |
Answer» A. IDA credit |
125. |
The first conference of the UNCTAD was held in _________ |
A. | USA |
B. | Seattle |
C. | Geneva |
D. | Mexica |
Answer» C. Geneva |
126. |
The product is sold at a high price in international markets and at a low price in the domestic market is called _________ |
A. | Reverse dumping |
B. | Persistent dumping |
C. | Predatory dumping |
D. | Sporadic dumping |
Answer» A. Reverse dumping |
127. |
_________ is an arrangement to pay for import of goods and services with something other than cash. |
A. | Turkey contract |
B. | Counter Trade |
C. | Dumping |
D. | None of the above |
Answer» B. Counter Trade |
128. |
_________ is goods - for - goods deal |
A. | Contract |
B. | Trade |
C. | Counter Trade |
D. | Purchase |
Answer» C. Counter Trade |
129. |
Privatisation may be effected in the form of _________ |
A. | Liberalisation |
B. | Globalisation |
C. | Dis-investment |
D. | None of the above |
Answer» C. Dis-investment |
130. |
The industrial policy of the Government of India was declared by _________ |
A. | Indira Gandhi |
B. | Rajeev Gandhi |
C. | Narasimha Rao |
D. | Jawaharlal Nehru |
Answer» D. Jawaharlal Nehru |
131. |
The Industrial Policy Resolution 1956 was known as _________ |
A. | New Industrial Policy |
B. | Economic Policy |
C. | Economic Constitution of India |
D. | Industrial reforms |
Answer» C. Economic Constitution of India |
132. |
_________ consisted of 17 industries and future development of the industry, it is to be excluded responsibility of the state |
A. | Schedule B |
B. | Schedule A |
C. | Schedule D |
D. | Schedule C |
Answer» B. Schedule A |
133. |
The organization is said to be when some sudden and unpredictable changes take place is called _________ |
A. | Changing environment |
B. | Stable environment |
C. | Natural environment |
D. | Turbulent environment |
Answer» D. Turbulent environment |
134. |
In an organisation, changes occur slowly but threat occurs in cluster is called _________ |
A. | Placid - clustered environment |
B. | Placid - rando-mixed environment |
C. | Disturbed - reactive environment |
D. | Turbulent field environment |
Answer» A. Placid - clustered environment |
135. |
_________ is a device used to establish a set of priorities for using the organization’s scarce resources |
A. | Buffering |
B. | Rationing |
C. | Smoothing |
D. | Coalescing |
Answer» B. Rationing |
136. |
_________ is the process of convincing the various powerful elements of the environment to act in the favour of the organisations. |
A. | Coalescing |
B. | Co-optation |
C. | Lobbying |
D. | None of the above |
Answer» C. Lobbying |
137. |
_________ is an open forum of government |
A. | Two party system |
B. | Single party system |
C. | Dominated one party system |
D. | Parliamentary system |
Answer» D. Parliamentary system |
138. |
_________ is an unintended channel of distribution that runs parallel to the planned channel. |
A. | Gray market |
B. | Black market |
C. | Bribery |
D. | Counterfeiting |
Answer» A. Gray market |
139. |
Culture is _________ |
A. | Subjective |
B. | Prescriptive |
C. | Cumulative |
D. | All of the above |
Answer» D. All of the above |
140. |
________ is a series of bilateral agreement between America, Canada and Mexico |
A. | SAARC |
B. | APEC |
C. | NAFTA |
D. | ASEAN |
Answer» C. NAFTA |
141. |
______ agreement as modified by the Bretton wood agreement. |
A. | WTO |
B. | ITO |
C. | GAAT |
D. | TRIMS |
Answer» C. GAAT |
142. |
_________ means replacement of existing non-tariff restriction on trade such as import quotas. |
A. | Tariffication |
B. | Tariff binding |
C. | Tariff cuts |
D. | Reduction in subsidies |
Answer» A. Tariffication |
143. |
The import aspects of the UR agreement on agriculture include Tariffication, Tariff binding, Tariff cuts and _________ |
A. | Tariff |
B. | Tariff rates |
C. | Reduction in subsidies and |
D. | None of the above |
Answer» C. Reduction in subsidies and |
144. |
The combined package of trade rules and Tariff concessions became known as the _________ |
A. | WTO |
B. | GATT |
C. | NAFTA |
D. | SAARC |
Answer» B. GATT |
145. |
_________ may be defined as "information with a commercial value". |
A. | GATT |
B. | TRIPS |
C. | WTO |
D. | IPRS |
Answer» D. IPRS |
146. |
Creators can be given the right to prevent others from using their inventions, designs or other creations is known as _________ |
A. | TRIMS |
B. | TRIPS |
C. | IPRS |
D. | GAAT |
Answer» C. IPRS |
147. |
_________ was a set of rules and multilateral agreement |
A. | TRIPS |
B. | TRIMS |
C. | GAAT |
D. | WTO |
Answer» C. GAAT |
148. |
In TRIPS, a patent would be applicable for _________ |
A. | 10 Years |
B. | 20 years |
C. | 25 years |
D. | 30 years |
Answer» B. 20 years |
149. |
GATS covers which of the following? |
A. | Cross-border equity |
B. | Consumption abroad |
C. | Commercial presence |
D. | All the above |
Answer» D. All the above |
150. |
WTO Anti-dumping agreement doesn't have _________ |
A. | rules for calculating the amount of dumping |
B. | procedures for conducting anti-dumping investigations |
C. | rules for setting disputes related to restrictive quota practices |
D. | standards for dispute settlement panels to apply in anti-dumping disputes |
Answer» C. rules for setting disputes related to restrictive quota practices |
151. |
The time limit specified by the Agreement on import licensing for the agencies to deal with the procedure. |
A. | 15 days |
B. | 30 days |
C. | 60 days |
D. | 90 days |
Answer» B. 30 days |
152. |
The rules and commitment of Agreement on Agriculture apply to _________ |
A. | Market access |
B. | Domestic support |
C. | Export subsidies and other programs |
D. | All the above |
Answer» D. All the above |
153. |
_________ duties can be imposed of a product is dumped in the importing country at less than its normal value provided it causes material injury to the domestic industry. |
A. | Tariff |
B. | Anti-dumping |
C. | Countervailing |
D. | Reduction in subsidies |
Answer» B. Anti-dumping |
154. |
_________ are maximum tariffs imposed by the member countries of WTO. |
A. | Rates |
B. | Subsidies |
C. | Quotas |
D. | Bound rates |
Answer» D. Bound rates |
155. |
The fundamental principles of GATT was |
A. | Most Favoured Nation |
B. | National Treatment |
C. | Both a and b |
D. | None of the above |
Answer» B. National Treatment |
156. |
Anti-dumping and countervailing duties are imposed under _________ |
A. | Customs Tariff Act 1975 |
B. | TRIMS |
C. | TRIPS |
D. | Regional Trade Agreement |
Answer» A. Customs Tariff Act 1975 |
157. |
Bhutan has Bilateral Trade Agreement with _________ |
A. | Sri Lanka |
B. | Pakistan |
C. | Russia |
D. | India |
Answer» D. India |
158. |
FMCG means |
A. | Fast Moving Consumer Goods |
B. | Foreign Measures on Consumer Goods |
C. | Freely Moving Consumer Goods |
D. | Free Measures on Consumer Goods |
Answer» A. Fast Moving Consumer Goods |
159. |
Copyright means the exclusive right to do or authorize others to do certain acts in relation to _________ |
A. | Literary, dramatic, musical or artistic work |
B. | Cinematography |
C. | Sound recordings |
D. | All the above |
Answer» D. All the above |
160. |
Which one of the following is the function of trade mark |
A. | Identifies the product and its origin |
B. | Guaranteed its unchanged quality |
C. | Advertises the product |
D. | All the above |
Answer» D. All the above |
161. |
_________ is the art and other manifestations of human customs, civilization and the way of life a particular society or group. |
A. | Culture |
B. | Trends |
C. | Business |
D. | Marketing |
Answer» A. Culture |
162. |
The cultural habit of firm hand-shake is associated with the culture of _________ |
A. | US |
B. | Middle East |
C. | Arab countries |
D. | Japan |
Answer» A. US |
163. |
The Highest Hofstadter Dimension for a culture is _________ |
A. | LTO |
B. | PDI |
C. | UAI |
D. | IDV |
Answer» B. PDI |
164. |
A separate Bilateral NAFTA on market access for agricultural products with Canada and _________ |
A. | America |
B. | Britain |
C. | Mexico |
D. | Japan |
Answer» C. Mexico |
165. |
The SAARC countries comprise _________ |
A. | Indonesia, Malaysia, Philippines, Singapore, Thailand, Bhutan, Nepal |
B. | Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka |
C. | Sri Lanka, Bhutan, Nepal, China, India, Bangladesh, Indonesia |
D. | Bangladesh, Bhutan, China, Nepal, Pakistan, India, Sri Lanka |
Answer» B. Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka |
166. |
_________ provides a platform for the peoples of South Asia to work together in a spirit of friendship trust and undertaking. |
A. | OECS |
B. | ASEAN |
C. | SAARC |
D. | NAFTA |
Answer» C. SAARC |
167. |
ASEAN established on 8 August 1967 in _________ |
A. | Katmandu |
B. | Singapore |
C. | Bangkok |
D. | Nepal |
Answer» C. Bangkok |
168. |
ASEAN was established by the five original member countries are _________ |
A. | Indonesia, Malaysia, Philippines, Singapore and Thailand |
B. | India, Malaysia, Bhutan, Singapore, Thailand |
C. | India, Sri Lanka, Malaysia, Philippines, Thailand |
D. | India, Sri Lanka, Singapore, Thailand, Malaysia |
Answer» A. Indonesia, Malaysia, Philippines, Singapore and Thailand |
169. |
The exchange rate system under the IMF came to be known as _________ |
A. | Gold standard |
B. | Floating rate |
C. | SDRS |
D. | Breton Wood System |
Answer» D. Breton Wood System |
170. |
_________ were created as a reserve asset by the IMF |
A. | Floating rate |
B. | SDR |
C. | Credit trench |
D. | God standard |
Answer» B. SDR |
171. |
The _________ of a country refers to the systematic record of all receipts and payments between residents of the country and nonresidents over a period of time. |
A. | Pegging |
B. | Extended Fund Facility |
C. | BOP |
D. | Structural Adjustment Facility |
Answer» C. BOP |
172. |
Holding _________ gives the bearer the option to acquire foreign exchange from the monetary authorities of another member of the IMF |
A. | SDR |
B. | Gold standard |
C. | Credit trench |
D. | All of the above |
Answer» A. SDR |
173. |
Which of the following is a form of contractual agreement _________ |
A. | Franchising |
B. | Licensing |
C. | Joint venture |
D. | Both a and b |
Answer» D. Both a and b |
174. |
Build, operate and transfer is the basic principle of _________ |
A. | Strategic alliance |
B. | Turnkey projects |
C. | Contract Manufacturing |
D. | Management Contract |
Answer» B. Turnkey projects |
175. |
Which of the following is not a joint venture? |
A. | Licensing |
B. | Franchising |
C. | Strategic alliance |
D. | Contract Manufacturing |
Answer» C. Strategic alliance |
176. |
_________ allows a company to conduct business in another country whose laws discourage foreign ownership |
A. | Contract Manufacturing |
B. | Licensing |
C. | Franchising |
D. | Joint venture |
Answer» B. Licensing |
177. |
Which country is known for group harmony and collectivism? |
A. | USA |
B. | France |
C. | Germany |
D. | Japan |
Answer» D. Japan |
178. |
Globalization is based on the theory of |
A. | Mixed economy |
B. | Capitalism |
C. | Free trade and comparative advantage |
D. | Import Substitution |
Answer» C. Free trade and comparative advantage |
179. |
The process of globalization of the economy refers to _________ |
A. | Removal of restrictions on foreign trade and foreign investment |
B. | Economic growth |
C. | Foreign investment in flow |
D. | Employment generation |
Answer» A. Removal of restrictions on foreign trade and foreign investment |
180. |
The member countries of WTO have moved to "Product Patent Regime" under _________ |
A. | TRIMS |
B. | TRIPS |
C. | GATTS |
D. | SAPTA |
Answer» B. TRIPS |
181. |
Contract Manufacturing is a form of _________ |
A. | Acquisition |
B. | Franchising |
C. | Licensing |
D. | Joint venture |
Answer» D. Joint venture |
182. |
GATS operates on _________ levels |
A. | 2 |
B. | 6 |
C. | 7 |
D. | 3 |
Answer» D. 3 |
183. |
_________ is the first ever set of multilateral, legally enforceable rules covering international trade in services. |
A. | GATS |
B. | TRIPS |
C. | TRIMS |
D. | WTO |
Answer» A. GATS |
184. |
_________ means treating one's trading equally |
A. | GATS |
B. | WTO |
C. | MFN |
D. | TRIPS |
Answer» C. MFN |
185. |
MFA was replaced on 1 Jan. 1995 by _________ |
A. | AOA |
B. | ATC |
C. | GATS |
D. | TRIMS |
Answer» B. ATC |
186. |
Removal of QRS means _________ |
A. | Duty free imports |
B. | An item can be imported without import license or quotas |
C. | All imports are free of tariffs |
D. | None of the above |
Answer» B. An item can be imported without import license or quotas |
187. |
India has Bilateral Trade Agreement with _________ |
A. | Sri Lanka |
B. | Pakistan |
C. | Nepal |
D. | Bhutan |
Answer» D. Bhutan |
188. |
_________ transfers are selling of products by a company to its affiliated company in host country. |
A. | Indirect export |
B. | Direct exporting |
C. | Intra-corporate |
D. | All the above |
Answer» C. Intra-corporate |
189. |
_________ is the long term contracting out of non-core business processes to an outside provider to help achieve increased shareholder value. |
A. | BPO |
B. | Turnkey project |
C. | Contract Manufacturing |
D. | Management Contract |
Answer» A. BPO |
190. |
WTO members abolished quotas on trade in _________ |
A. | Agriculture |
B. | Textiles and clothing |
C. | Tropical products |
D. | Natural Resources based products |
Answer» B. Textiles and clothing |
191. |
___________ operates as a co-operative, multi-lateral, economic and trade forum. |
A. | ASEAN |
B. | APEC |
C. | SAARC |
D. | ESCAP |
Answer» B. APEC |
192. |
_______ is the fastest growing trading bloc in the world. |
A. | MERCOSUR |
B. | NAFTA |
C. | EEC |
D. | ESCAP |
Answer» A. MERCOSUR |
193. |
Marketing forces to determine the exchange rate of currencies under ______. |
A. | Gold Standard |
B. | Bretton wood system |
C. | Floating rate system |
D. | Credit Tranche |
Answer» C. Floating rate system |
194. |
_______ is called the soft loan window of the IBRD. |
A. | IFC |
B. | IDA |
C. | UNCTAD |
D. | IMF |
Answer» B. IDA |
195. |
_____ is a joint venture of IBRD and IFC. |
A. | UNCTAD |
B. | IDA |
C. | IMF |
D. | MIGA |
Answer» D. MIGA |
196. |
_____ promotes the development friendly integration of developing countries into the world economy. |
A. | UNCTAD |
B. | IBRD |
C. | IMF |
D. | IDA |
Answer» A. UNCTAD |
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