McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
Chapters
| 51. |
There exists no difference between Bill of lading and shipping bill. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 52. |
GSP and certificate of origin are one and the same. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 53. |
------------Shipping Bill in triplicate is required for the export of dutiable goods. |
| A. | Yellow |
| B. | Red |
| C. | Green |
| D. | none |
| Answer» A. Yellow | |
| 54. |
---------Shipping Bill in 7 copies is required for exports under the DEPB scheme. |
| A. | Yellow |
| B. | Red |
| C. | Blue |
| D. | none |
| Answer» C. Blue | |
| 55. |
Reserve Bank of India administers -----------through commercial banks licensed by it as 6 authorized dealers in foreign exchange |
| A. | GST |
| B. | FEMA |
| C. | FERA |
| D. | none |
| Answer» B. FEMA | |
| 56. |
Goods going out of the country on export or entering the county on import should get customs clearance by complying with the procedures prescribed under the----- |
| A. | GST |
| B. | FEMA |
| C. | Custom Act |
| D. | none |
| Answer» C. Custom Act | |
| 57. |
ICA helps in arranging -----------------of disputes in international trade through its constituent members. |
| A. | settlement |
| B. | glorification |
| C. | arbitration |
| D. | none |
| Answer» C. arbitration | |
| 58. |
Mate's receipts is a receipt issued by the ---------of the ship when the cargo is loaded on the ship. |
| A. | Commanding Officer |
| B. | clerk |
| C. | all |
| D. | none |
| Answer» A. Commanding Officer | |
| 59. |
Under what mission has the Ministry of Railways advanced target for 100% completion of installing human waste discharge free Bio-toilets in coaches to December 2018? |
| A. | Swachh India |
| B. | Swachh Aadhar |
| C. | Swachh Bharat |
| D. | Swachh Nirman |
| Answer» C. Swachh Bharat | |
| 60. |
China launched world's first fully electric cargo ship in Guangzhou. What type of battery does it use? |
| A. | Lead acid |
| B. | Manganese |
| C. | Lithium ion |
| D. | Nickel metal hydride |
| Answer» C. Lithium ion | |
| 61. |
US Federal Communications Commission has voted _____ net neutrality. |
| A. | For |
| B. | Against |
| C. | Neither for nor against |
| D. | 50-50 For and Against |
| Answer» A. For | |
| 62. |
Which trade theory holds that nations can increase their economic well-being by specializing in the production of goods they produce more efficiently than anyone else |
| A. | The factor endowment theory. |
| B. | The theory of absolute advantage. |
| C. | The international product life cycle theory. |
| D. | The theory of comparative advantage. |
| Answer» B. The theory of absolute advantage. | |
| 63. |
Which theory holds that nations should produce those goods for which it has the greatest relative advantage? |
| A. | The theory of relative advantage. |
| B. | The theory of absolute advantage. |
| C. | The factor endowment theory. |
| D. | None of the above. |
| Answer» D. None of the above. | |
| 64. |
Which of the following holds that a government can improve the economic well-being of a country by encouraging exports and discouraging imports without a reliance on previous metals? |
| A. | Neo-mercantilism. |
| B. | The Leontief paradox. |
| C. | Quotas. |
| D. | Mercantilism. |
| Answer» A. Neo-mercantilism. | |
| 65. |
In country A, it takes 10 labor hours to produce cloth and 20 labor hours to produce grain. In country B, it takes 20 labor hours to produce cloth and 10 labor hours to produce grain. Which country should produce grain? |
| A. | Both A and B should produce grain. |
| B. | No country should produce grain. |
| C. | all |
| D. | none |
| Answer» B. No country should produce grain. | |
| 66. |
In North, it takes 50 labor hours to produce cloth and 100 hours to produce grain. In South, it takes 200 labor hours to produce cloth and 200 hours to produce grain. Which of the following statements is true? |
| A. | South has an absolute advantage in the production of grain. |
| B. | North has a comparative advantage in the production of cloth. |
| C. | South has an absolute advantage in the production of both cloth and grain. |
| D. | North should produce grain. |
| Answer» B. North has a comparative advantage in the production of cloth. | |
| 67. |
In country X, it takes 50 labor hours to produce cloth and 100 hours to produce grain. In country Y, it takes 200 labor hours to produce cloth and 200 hours to produce grain. At what price would X start to be willing to trade with Y? |
| A. | More than a quarter unit of cloth per unit of grain. |
| B. | More than half a unit of cloth per unit of grain. |
| C. | More than half a unit of grain per unit of cloth. |
| D. | More than a quarter unit of grain per unit of cloth. |
| Answer» C. More than half a unit of grain per unit of cloth. | |
| 68. |
Which of the following theories holds that countries will produce and export products that use large amounts of production factors that they have in abundance? |
| A. | The factor endowment theory. |
| B. | Mercantilism. |
| C. | The theory of absolute advantage. |
| D. | None of the above. |
| Answer» B. Mercantilism. | |
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