190+ Global Business Environment Solved MCQs

1.

___________ is consists of the totality of all factors with in or outside the control of individual business firms.

A. Business
B. Environment
C. Business environment
D. organisation
Answer» C. Business environment
2.

Environment is always changing constraining and ____________

A. Competing
B. Uncertain
C. dynamic
D. Specific
Answer» B. Uncertain
3.

Environment is a __________ process

A. Dynamic
B. Complex
C. interactive
D. All of the above
Answer» D. All of the above
4.

_______________ is the product of environment.

A. Opportunity
B. Threads
C. Business
D. Factors
Answer» C. Business
5.

There are two sets of factors which influence the business of an enterprise is ____________

A. Internal and External
B. Micro and Macro
C. Political and Legal
D. Social, Cultural & Technological
Answer» A. Internal and External
6.

___________ play a vital role in running the business enterprise.

A. Customers
B. Labour
C. Product
D. Competitors
Answer» D. Competitors
7.

___________ Consists of the actors in the company's immediate environment that affect the performance of the company.

A. Macro environment
B. Micro environment
C. Internal environment
D. External environment
Answer» B. Micro environment
8.

Macro environment is also known as __________

A. Outside environment
B. Indirect environment
C. General environment
D. Social environment
Answer» C. General environment
9.

Remote environment is an another name of __________

A. Micro environment
B. Macro environment
C. Internal environment
D. External environment
Answer» B. Macro environment
10.

____________ is environment covers those factors which give shape and form to the dept. of economic activities.

A. Technological
B. Demographic
C. Social and cultural
D. Economic
Answer» D. Economic
11.

A stable, honest and efficient political system is a primary factor for the growth of ______________

A. Business
B. General environment
C. Economic conditions
D. Natural environment
Answer» A. Business
12.

When the rate of change in is insignificant, it is termed as ________ environment

A. General or specific
B. Stable or static
C. Dynamic or certain
D. Simple of complex
Answer» B. Stable or static
13.

When some sudden and unpredictable changes take place in the organisation is said to ___________

A. Technological environment
B. Natural environment
C. Turbulent environment
D. Changing environment
Answer» C. Turbulent environment
14.

___________ is an open form of government.

A. Parliamentary System
B. Government environment
C. Legal environment
D. Political environment
Answer» A. Parliamentary System
15.

China is the biggest example _________

A. Capitalism
B. Mixed economy
C. Laissez Faire
D. Socialism
Answer» D. Socialism
16.

The term _________ relates to patent, trademarks, copyrights and trade secrets.

A. Priority right
B. Intellectual property right
C. Tariff & Trade Act
D. Madrid agreement
Answer» B. Intellectual property right
17.

____________ is also called the International convention for the protection of industrial property.

A. Paris Union
B. National Treatment
C. Industrial Policy Act
D. Intellectual property Right
Answer» A. Paris Union
18.

____________ means that if an investor registers a patent in one member country, he can file an application for registration in other member countries within one year from the date of filing return,

A. Patent cooperation Treaty
B. Paris Union
C. Priority Right
D. National Treatment
Answer» C. Priority Right
19.

The international registration of Trade Marks aims at the international registration is ________

A. Trade Mark Registration Treat
B. Independent of patents
C. Patent Cooperation Treaty
D. The Madrid Agreement
Answer» D. The Madrid Agreement
20.

International Bureau of World Intellectual Property Organisation is ________

A. U.S.A.
B. Geneva
C. Switzerland
D. Canada
Answer» B. Geneva
21.

_________ Involves infringement of a patent or trade mark.

A. Counter feiting
B. Unauthorised product
C. Illegal goods
D. Low quality products
Answer» A. Counter feiting
22.

_______ is an unintented channel of distribution that runs parallel to the planned channel.

A. Bribery
B. Counter feiting
C. Gray Market
D. Black Market
Answer» C. Gray Market
23.

___________ concentrates on the analysis of market, competition and financial strength of a company.

A. Risk Reward analysis
B. Cost benefit analysis
C. Break even analysis
D. None of the above
Answer» B. Cost benefit analysis
24.

_________ analysis studies the impact of various environmental factors on the marketing mix.

A. Break even analysis
B. Risk reward analysis
C. Cost - benefit analysis
D. Product Analysis
Answer» B. Risk reward analysis
25.

__________ is subjective in nature

A. Social interaction
B. Political factors
C. Natural factors
D. Cultural
Answer» D. Cultural
26.

__________ is a set of traditional beliefs and values which are passed and shared among different societies

A. Cultural environment
B. Social environment
C. Socio - cultural environment
D. Economic
Answer» C. Socio - cultural environment
27.

__________ is the foundation of culture

A. Language
B. Customs
C. Education
D. Religion
Answer» A. Language
28.

E.E.C stands for

A. European Economics Control
B. European Economic Community
C. European Economic centre
D. European Economic Committee
Answer» B. European Economic Community
29.

E.E.C. is also known as ________

A. Economic Common Market
B. NFTA
C. IPA
D. European Common Market
Answer» D. European Common Market
30.

ECM was brought into being __________

A. 31 Dec. 1957
B. 15 Jan, 1958
C. 1 Jan, 1958
D. 24 March 1957
Answer» C. 1 Jan, 1958
31.

World's largest trading Block is ______

A. NAFTA
B. SAARC
C. CEC
D. ECM
Answer» D. ECM
32.

NAFTA mean __________

A. North American Free Trade Agreement
B. North American Foreign Trade Agreement
C. North Asian Free Trade Agreement
D. North Asian Foreign Trade Agreement.
Answer» A. North American Free Trade Agreement
33.

NAFTA is a series of bilateral agreement between America, Canada and _________

A. Geneva
B. Mexico
C. UK
D. Ireland
Answer» B. Mexico
34.

SAARC association brings together __________ countries of South Asia for regional co-operation.

A. 9
B. 8
C. 7
D. 14
Answer» C. 7
35.

The head quarters of SAARC in _______

A. Bangladesh
B. Maldives
C. Sri Lanka
D. Kathmandu
Answer» D. Kathmandu
36.

________ was commenced on January 1, 1994

A. NAFTA
B. ECM
C. SAARC
D. CEC
Answer» A. NAFTA
37.

______________ is a bilateral trade agreement between two countries.

A. Tie in Agreement
B. Counter trade
C. MNC
D. Gray Market
Answer» B. Counter trade
38.

_______ is the process of convincing the various powerful elements of the environment to act in the favour of the organisations.

A. Coalescing
B. Cooptation
C. Lobbying
D. Procurement
Answer» C. Lobbying
39.

Two or more organisations may merger their organisations to have better control over the environment as various resources are pooled together is __________

A. Cooptation
B. Lobbying
C. Agreement
D. Coalescing
Answer» D. Coalescing
40.

_________ was a Multilateral treaty encompassing rules and disciples for an orderly world trading system.

A. GATT
B. ITO
C. ECM
D. SAARC
Answer» A. GATT
41.

__________ means each nation shall be treated as well, as the most favoured nation.

A. GATT
B. MFN
C. FTZ
D. TRRM
Answer» B. MFN
42.

Trade in Textile was restricted by _________

A. MFN
B. GATT
C. MFA
D. ITO
Answer» C. MFA
43.

__________ is known a neo-liberalism

A. Globaluation
B. Liberalisation
C. Privatization
D. None of the above
Answer» A. Globaluation
44.

________ refers to a process of increasing economic integration and growing economic interdependence between countries in the world economy.

A. MNC
B. TNC
C. Globalisation
D. WTO
Answer» C. Globalisation
45.

_________ means acceptance of an outward looking policy of economic development in place of an inward – looking one.

A. Liberalization
B. Privatisation
C. Globalisatiion
D. All of the above
Answer» C. Globalisatiion
46.

ESCAP stands for _______

A. Economic and Social Commission for Asia and the Pacific
B. Economic and Social Centre for Asia and the Pacific
C. Economic and Social Commission for the Asia and Privatisation
D. Economic and Social Culture for Asia and Public
Answer» A. Economic and Social Commission for Asia and the Pacific
47.

__________ is a method of doing business by which a franchisee is granted the right to offer, sell or distribute goods or service under a system created by the Franchisee.

A. Agreement
B. Dealership
C. Patent
D. Franchising
Answer» D. Franchising
48.

________ means setting a products a company to its affiliated company in host country.

A. Direct exporting
B. Intra corporate transfer
C. indirect exporting
D. Exporting
Answer» B. Intra corporate transfer
49.

BOT means ____________

A. Business Outsourcing Trade
B. Balance on Trade
C. Build, operation and Transfer
D. Business Outsourcing Transaction
Answer» C. Build, operation and Transfer
50.

FERA was replaced by _______

A. FEMA
B. GATT
C. WTO
D. ITO
Answer» A. FEMA
51.

WTO was setup in ______

A. 1995
B. 1992
C. 1996
D. 1994
Answer» A. 1995
52.

________ is the process of contracting with foreign firms granting them proprietary right to use technology, copyrights, trade marks, brand names etc.

A. Franchising
B. Licensing
C. Contract
D. None of the above
Answer» B. Licensing
53.

__________ arrangement is also known as cross licensing

A. Licensing
B. Franchising
C. Intra corporate transfers
D. Contracts
Answer» A. Licensing
54.

A company doing international marketing contracts with a foreign producer to manufacture or assemble the products for a sale in the foreign market is ________

A. Management contract
B. Contract Manufacturing
C. Turnkey Contract
D. Licensing
Answer» B. Contract Manufacturing
55.

_________ are therefore arrangement where by for a fee, one company provides personnel to perform general specialised management functions for another company.

A. Lisensing
B. Franchising
C. Contract Manufacturing
D. Management contract
Answer» D. Management contract
56.

_________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing or business or service facility and turn the project to the purchaser ready for operation for a remuneration.

A. Manufacturing contract
B. Management contract
C. Turnkey contracts
D. Joint venture
Answer» C. Turnkey contracts
57.

__________ is part of the parent corporation and simply an extension of domestic operation.

A. Foreign Subsidiary
B. Overseas branch
C. Third country location
D. Assembly operation
Answer» B. Overseas branch
58.

_________ is a separate company organised under a foreign nations legal code with accountability distinct from the parent company.

A. Foreign subsidiary
B. Oversees branch
C. Assembly operation
D. Fully owned manufacturing
Answer» A. Foreign subsidiary
59.

_________ is a peculiar form of international trade that encompasses more than an exchange of goods services or idea for money.

A. Turnkey contract
B. Licensing
C. Counter Trade
D. Buy back
Answer» C. Counter Trade
60.

__________ of economic policy is intended to promote the integration of Indian economy with the global economy.

A. Globalisatioin
B. Liberalisation
C. Privatisation
D. None of the above
Answer» B. Liberalisation
61.

_________ is an enterprise which allocates company resources without regards to national frontiers, but is nationally based in terms of ownership and top management.

A. MNC
B. Globalisation
C. Liberalisation
D. TNC
Answer» A. MNC
62.

__________ conference of 1944 suggested institutional arrangements to undertake post wear reconstruction of global economy.

A. Urugay Round Agreement
B. Narasimham Committee
C. Brotton woods
D. Hilton Young Commission
Answer» C. Brotton woods
63.

The GATT agreement had been signed by governments known as _____

A. Member countries
B. Trade members
C. MFN
D. Contracting Parties
Answer» D. Contracting Parties
64.

Article XIX of the GATT provided ________

A. General prohibition of QRs
B. Emergency safeguard code
C. Schedule of Tariff Concessions
D. MFN Clause
Answer» B. Emergency safeguard code
65.

GATT agreements as modified by the _______agreement

A. WTO
B. ITO
C. Uruguay Round
D. Bretton wood
Answer» C. Uruguay Round
66.

_____________ is in fact, policeman of global trade.

A. GATT
B. ITO
C. TRIMS
D. WTO
Answer» D. WTO
67.

_______ is the Supreme Authority of the WTO

A. General Council
B. Ministerial conference
C. Council for Trade in Goods
D. Council for TRIPS
Answer» B. Ministerial conference
68.

Council for Trade in Goods, Services and Intellectual property Rights, Council for Trade Related intellectual property Rights are the three council in General council of _________

A. WTO
B. GATT
C. TRIMS
D. GATS
Answer» A. WTO
69.

The Secretariat of the WTO is headed by the _______

A. General Council
B. Ministerial conference
C. Director General
D. Council for TRIPS
Answer» C. Director General
70.

____________ is a permanent institution with its own Secretariat.

A. WTO
B. GATT
C. GAT
D. ITO
Answer» A. WTO
71.

GATT was applied on a _________

A. Permanent basis
B. Provisional basis
C. Both a and b
D. None of the above
Answer» B. Provisional basis
72.

The agreement of patent protection for _______

A. 20 years
B. 15 years
C. 10 years
D. 7 years
Answer» A. 20 years
73.

Plurilateral Trade Agreement was done at Ganeva in ______

A. March 1979
B. April 1979
C. January 1994
D. August 1984
Answer» B. April 1979
74.

NIEO means_________

A. New International Economic Order
B. New Industrial Economic Order
C. New Industrial Economic Organisation
D. New International Economic Organisation
Answer» A. New International Economic Order
75.

__________ is the effect International Trade has a detrimental effect on under developed countries

A. Lop - sided development
B. Deterioration
C. Demonstration effect
D. None of the above
Answer» C. Demonstration effect
76.

The manor attributes of international financial system are knowledge, certainty and _________

A. Flexibility
B. Predictability
C. Continuity
D. Structural
Answer» B. Predictability
77.

_________ established a mechanism where by their local currencies are kept equal in value to gold and to each other.

A. International money
B. Floating exchange rate
C. Bretton wwod system
D. International Gold standard
Answer» D. International Gold standard
78.

IMF was organised in ________

A. 1948
B. `1946
C. 1956
D. 1958
Answer» B. `1946
79.

Member's Gold Subscription + Credit extended by the member through the fund to other members _________

A. Gold Tranche
B. Credit Tranches
C. Gold standard Machanism
D. Floating exchange rate
Answer» A. Gold Tranche
80.

___________ was introduced in 1969

A. Oil Facility
B. Extended facility
C. Buffer stock facility
D. Trust Fund facility
Answer» C. Buffer stock facility
81.

In the form of pound sterling and U.S. dollars, these two currencies were known as __________

A. Reserve currencies
B. Foreign exchange
C. Floating Exchange rate
D. Exchange transaction
Answer» A. Reserve currencies
82.

SDR was approved in _________

A. 1969
B. 1965
C. 1967
D. 1972
Answer» C. 1967
83.

__________ will include interest and amortization payment, put a strain on future balance of payments

A. Credit Servicing charges
B. Debit servicing charges
C. Both a and b
D. None of the above
Answer» B. Debit servicing charges
84.

India is _________ place in IMF General Quota

A. 12th
B. 11th
C. 9th
D. 13th
Answer» D. 13th
85.

___________ are also known as International Bank for Reconstruction and Development.

A. IMF
B. ADB
C. World Bank
D. ECM
Answer» C. World Bank
86.

_________ is the Supreme governing authority of World Bank.

A. The president
B. The Executive Directors
C. The Board of Governors
D. Members of the Board
Answer» C. The Board of Governors
87.

_________ becomes the Ex-officio Chairman of World Bank.

A. The Board of Governors
B. The Executive Directors
C. Other members
D. The President
Answer» D. The President
88.

__________ is responsible for the conduct of the ordinary business of the bank and its organisation

A. The Governor
B. The President
C. The Executive Directors
D. Other members
Answer» B. The President
89.

In the day to day administration the Board delegates its power to ___________

A. Other members
B. The Board of Governors
C. The President
D. The Executive Directors
Answer» D. The Executive Directors
90.

ADB was setup in ________

A. 1969
B. 1967
C. 1966
D. 1968
Answer» C. 1966
91.

The headquarters of ADB is _________

A. Geneva
B. Manila
C. U.S.A
D. Italy
Answer» B. Manila
92.

The highest policy making body of the ADB is __________

A. Board of Governors
B. Board of Directors
C. President
D. Other members
Answer» A. Board of Governors
93.

To take decisions of loan application in ADB by

A. Board of Governors
B. Board of Directors
C. The President
D. Other members
Answer» B. Board of Directors
94.

The President elected for a term __________ in ADB

A. 3 Years
B. 4 Years
C. 5 Years
D. 6 Years
Answer» C. 5 Years
95.

_________ is also known as the European Common Market.

A. EEC
B. CEC
C. SADF
D. NAFTA
Answer» A. EEC
96.

_________ is the most successful of the integration schemes.

A. ECM
B. SAARC
C. NAFTA
D. CEC
Answer» A. ECM
97.

__________ is the World's largest trading block

A. NAFTA
B. EEC
C. SAARC
D. GATT
Answer» B. EEC
98.

GATT was replaced by the WTO on _________

A. 1 Jan. 2004
B. 1 Jan 1996
C. 1 Jan. 1992
D. 1 Jan. 1995
Answer» D. 1 Jan. 1995
99.

Under _________ approach companies view the entire world as a single country.

A. Geocentric
B. Regio centric
C. Poly centric
D. Ethno centric
Answer» A. Geocentric
100.

Companies establish foreign subsidiary and empowers its executives is _________

A. Regio centric
B. Geocentric
C. Poly centric
D. Ethno centric
Answer» C. Poly centric
Tags
Question and answers in Global Business Environment, Global Business Environment multiple choice questions and answers, Global Business Environment Important MCQs, Solved MCQs for Global Business Environment, Global Business Environment MCQs with answers PDF download