190+ Global Business Environment Solved MCQs

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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