McqMate
| 1. |
NAFTA is an example of ________ |
| A. | customer union |
| B. | free trade area |
| C. | common market |
| D. | economic community |
| Answer» B. free trade area | |
| 2. |
Which one is not an international organisation _____ |
| A. | cbdt |
| B. | asem |
| C. | saarc |
| D. | asean |
| Answer» A. cbdt | |
| 3. |
The main objectives of International Monetary Fund (IMF) was to ____ |
| A. | help economically backward countries |
| B. | maintains stable exchange rates |
| C. | promote international trade |
| D. | promote international liquidity |
| Answer» A. help economically backward countries | |
| 4. |
Which of the following is not an international financial institution _____? |
| A. | icici |
| B. | world bank |
| C. | imf |
| D. | ida |
| Answer» A. icici | |
| 5. |
The gains from two nations depend on ____ |
| A. | domestic barter rates |
| B. | degree of absolute advantage |
| C. | different in the domestic barter rates of the two countries |
| D. | terms of trade |
| Answer» D. terms of trade | |
| 6. |
Out of the following one is not related with WTO______ |
| A. | trips |
| B. | trims |
| C. | irai |
| D. | minstrel conference |
| Answer» C. irai | |
| 7. |
How many members countries are there in the world customs organization ______ ? |
| A. | 162 |
| B. | 172 |
| C. | 160 |
| D. | 180 |
| Answer» D. 180 | |
| 8. |
Which of the following is a not matched against its name ___? |
| A. | asean: economic cooperation amongst all asian countries |
| B. | wto: does not allow quantitative restriction on trade |
| C. | saarc: encourage trade between south asian countries |
| D. | imf: to remove unfavorable balance of payments and to provide financial assistance |
| Answer» A. asean: economic cooperation amongst all asian countries | |
| 9. |
Which of the following is international trade ______? |
| A. | trade between states |
| B. | trade between regions |
| C. | trade between countries |
| D. | trade between provinces |
| Answer» C. trade between countries | |
| 10. |
Dumping refer to ________ |
| A. | buying goods at low price abroad and selling at higher prices locally |
| B. | expensive goods selling for low prices |
| C. | sale of good abroad at low price, below their cost and price in home market |
| D. | reduce tariff |
| Answer» C. sale of good abroad at low price, below their cost and price in home market | |
| 11. |
Trade between two countries can be useful if cost ratios of goods are _____. |
| A. | degrees |
| B. | undermined |
| C. | equal |
| D. | different |
| Answer» D. different | |
| 12. |
The objective of distribution channels is _____. |
| A. | to send the goods from producer to consumer |
| B. | to send the goods from producer to stockiest |
| C. | to send the goods from producer to broker |
| D. | to send the goods from producer to retailer |
| Answer» A. to send the goods from producer to consumer | |
| 13. |
Which of the following is a not part of GST _____ |
| A. | sgst |
| B. | cgst |
| C. | ngst |
| D. | igst |
| Answer» C. ngst | |
| 14. |
What is the full name of BEP ______ |
| A. | break each point |
| B. | break easy point |
| C. | break even point |
| D. | break every point |
| Answer» C. break even point | |
| 15. |
Where head office is situation of the International Trade Organisation ______ |
| A. | china |
| B. | geneva |
| C. | london |
| D. | new delhi |
| Answer» B. geneva | |
| 16. |
Duty drawback is the refund of duty chargeable on _______ |
| A. | imported material |
| B. | exports to indian owned warehouses in europe |
| C. | exported material |
| D. | damaged material |
| Answer» C. exported material | |
| 17. |
The following is a must for exporter _____ |
| A. | pp from |
| B. | grx form |
| C. | ep form |
| D. | gr form |
| Answer» D. gr form | |
| 18. |
A bill drawn under a letter of credit contains discrepancies_____ |
| A. | must negotiable irrespective of discrepancies |
| B. | may purchase it to take it for collection but should not refuse to handle the bill |
| C. | the bank should refuse to negotiable documents |
| D. | take the bill on collection basic only |
| Answer» B. may purchase it to take it for collection but should not refuse to handle the bill | |
| 19. |
When the global level plans are prepared at international head quarters, it is a known as ______ |
| A. | strategy planning |
| B. | operational planning |
| C. | business planning |
| D. | corporate planning |
| Answer» B. operational planning | |
| 20. |
A plan offering a 75% base salary along with 25% in incentives is classified as _____ |
| A. | compensative plan |
| B. | non commission plan |
| C. | combination plan |
| D. | non competitive plan |
| Answer» C. combination plan | |
| 21. |
The piecework pay plan is often called ______ |
| A. | extrinsic rewards |
| B. | group pay plan |
| C. | intrinsic rewards |
| D. | individual pay plan |
| Answer» D. individual pay plan | |
| 22. |
The factor which influence “bonuses” are _____ |
| A. | individual performance |
| B. | eligibility |
| C. | fund size |
| D. | individual character |
| Answer» B. eligibility | |
| 23. |
The investment is productive assets and participation in management as stake holders in business Enterprises is ________ |
| A. | fdi |
| B. | fii |
| C. | balance of payment |
| D. | sdr |
| Answer» A. fdi | |
| 24. |
The investment arm of the World bank is ____ |
| A. | miga |
| B. | ibrd |
| C. | ida |
| D. | ifc |
| Answer» D. ifc | |
| 25. |
Term of trade is country show ______ |
| A. | ratio of import duties |
| B. | export prices to import price |
| C. | ratio of goods exported and imported |
| D. | ratio of price of export prices |
| Answer» C. ratio of goods exported and imported | |
| 26. |
_________ characteristics influence the choice of distribution channels in export marketing. |
| A. | customer |
| B. | employees moral |
| C. | global |
| D. | national |
| Answer» A. customer | |
| 27. |
Under ___________ marketing the manufacture makes own arrangement to distribute the goods. |
| A. | global |
| B. | direct |
| C. | regional |
| D. | indirect |
| Answer» B. direct | |
| 28. |
One star export house has to achieve export performance of FOB worth _________ US dollar million during the current year and previous 2 year. |
| A. | 25 |
| B. | 3 |
| C. | 27 |
| D. | 100 |
| Answer» B. 3 | |
| 29. |
________ refers to quality of service which of firm provides to its customers. |
| A. | customers order processing |
| B. | customer service standards |
| C. | customer feedback |
| D. | customer needs |
| Answer» B. customer service standards | |
| 30. |
A ________ warehouse keeps the products for relatively long period of time. |
| A. | packing |
| B. | distribution |
| C. | bonded |
| D. | storage |
| Answer» D. storage | |
| 31. |
_______ refers to the amount of space available for staring materials on ship or on a plane. |
| A. | storage |
| B. | logistics |
| C. | warehousing |
| D. | stowage |
| Answer» D. stowage | |
| 32. |
_____ Finance is also referred to as the packing credit. |
| A. | durable |
| B. | post shipment |
| C. | pre shipment |
| D. | long term |
| Answer» C. pre shipment | |
| 33. |
Generally there are ________ parties involved in the letter of credit. |
| A. | 7 |
| B. | 3 |
| C. | 2 |
| D. | 6 |
| Answer» D. 6 | |
| 34. |
FOB quotation include ______. |
| A. | ex-factory cost |
| B. | marine freight |
| C. | media |
| D. | insurance |
| Answer» A. ex-factory cost | |
| 35. |
__________ is management of the flow of good between the point of origin and the point of consumption. |
| A. | warehousing |
| B. | packaging |
| C. | logistics |
| D. | p |
| Answer» C. logistics | |
| 36. |
__________ was established to provide medium and long term finance to exporter in India. |
| A. | dgft |
| B. | exim bank |
| C. | ecgc |
| D. | ica |
| Answer» C. ecgc | |
| 37. |
__________ is a commercial risk covered by ECGC. |
| A. | insolvency of the buyer |
| B. | civil disturbance |
| C. | sez |
| D. | war |
| Answer» A. insolvency of the buyer | |
| 38. |
______ provides making terms and to long term export finance to small unit. |
| A. | exim bank |
| B. | packing credit |
| C. | ecgc |
| D. | sidbi |
| Answer» D. sidbi | |
| 39. |
Packing credit is generally provided for a period of ________ days. |
| A. | 90 |
| B. | 360 |
| C. | 180 |
| D. | 45 |
| Answer» C. 180 | |
| 40. |
Packing helps in ________ of the product. |
| A. | financing |
| B. | licensing |
| C. | production |
| D. | agency |
| Answer» C. production | |
| 41. |
Branding and packaging are important important considerations of _________. |
| A. | shipping formalities |
| B. | trade credit |
| C. | house |
| D. | product planning |
| Answer» D. product planning | |
| 42. |
_______ consist of techniques to induce response from customers and intermediaries. |
| A. | sales promotion |
| B. | labelling |
| C. | trade connect |
| D. | infection |
| Answer» A. sales promotion | |
| 43. |
Packing credit is required ________the shipment. |
| A. | within |
| B. | during |
| C. | after |
| D. | before |
| Answer» D. before | |
| 44. |
________ issues the registration cum membership certificate. |
| A. | scheme |
| B. | epc |
| C. | chamber of commerce |
| D. | dgft |
| Answer» B. epc | |
| 45. |
______ states that the goods which are exported from the specific country. |
| A. | shipping bills |
| B. | bill |
| C. | bill of landing |
| D. | certification of origin |
| Answer» D. certification of origin | |
| 46. |
Post shipment Finance in generally available for period of _____ days. |
| A. | 180 |
| B. | 45 |
| C. | 90 |
| D. | 360 |
| Answer» C. 90 | |
| 47. |
________ is the safest method of payment in international trade. |
| A. | documents against payment |
| B. | deferred credit |
| C. | documents against acceptance |
| D. | letters of credit |
| Answer» D. letters of credit | |
| 48. |
Under __________ method the document are get released to the imparter against payment of bills. |
| A. | letters of credit |
| B. | sidbi |
| C. | document against acceptance |
| D. | documents against payment |
| Answer» D. documents against payment | |
| 49. |
_________ is the route by which the goods move to foreign buyers. |
| A. | canalized |
| B. | advertising |
| C. | distribution channels |
| D. | marking |
| Answer» C. distribution channels | |
| 50. |
___________ certifies theconsular invoice. |
| A. | iip |
| B. | dgft |
| C. | consulate |
| D. | commodity banks |
| Answer» C. consulate | |
| 51. |
Product is the primary function of the exporter. |
| A. | planning |
| B. | development |
| C. | marketing |
| D. | packaging |
| Answer» A. planning | |
| 52. |
provides information of the product and matters related to the product being exported. |
| A. | labelling |
| B. | marking |
| C. | packing |
| D. | positioning |
| Answer» A. labelling | |
| 53. |
refers to symbols printed on export packages. |
| A. | marking |
| B. | packaging |
| C. | branding |
| D. | designing |
| Answer» A. marking | |
| 54. |
Formula : FOB Price = |
| A. | fob cost + profit – dbk |
| B. | all the expenses until goods loaded on ship + freight + profit – incentive |
| C. | all the costs until goods loaded on board the ship + freight + insurance – incentive |
| D. | fob expenses + customs @ port of destination – dbk |
| Answer» A. fob cost + profit – dbk | |
| 55. |
Formula : C&F Price = |
| A. | all expenses until goods loaded on board the ship + freight + profits – dbk |
| B. | c&f price + marine insurance |
| C. | cif price - profits |
| D. | c&f costs + customs@ port of destination + profits |
| Answer» A. all expenses until goods loaded on board the ship + freight + profits – dbk | |
| 56. |
Formula : CIF Price = |
| A. | fob price + incentives |
| B. | cif costs + profits – dbk |
| C. | c&f price – marine insurance |
| D. | fob costs + customs @ port of destination + profits |
| Answer» B. cif costs + profits – dbk | |
| 57. |
Export quotation is . |
| A. | an offer made by importer to exporter in reply to exporter’s query |
| B. | commercial invoice |
| C. | an offer made by exporter to importer in reply to importer’s query |
| D. | importer’s bill |
| Answer» C. an offer made by exporter to importer in reply to importer’s query | |
| 58. |
Under FOB quotation, which among the following is not a responsibility of the exporter ? |
| A. | expenses upto goods loaded on board the ship |
| B. | production management |
| C. | customs at port of shipment |
| D. | freight expenses |
| Answer» D. freight expenses | |
| 59. |
Under C&F quotation, which among the following is not a responsibility of the exporter ? |
| A. | expenses upto goods loaded on board the ship |
| B. | production management |
| C. | payment of marine insurance |
| D. | payment of freight expenses |
| Answer» C. payment of marine insurance | |
| 60. |
Under CIF quotation, which among the following is not a responsibility of the exporter? |
| A. | expenses upto goods loaded on board the ship |
| B. | marine insurance |
| C. | customs at port of destination |
| D. | freight expenses |
| Answer» C. customs at port of destination | |
| 61. |
gives an identity to the exporter and its brands sold in foreign markets. |
| A. | branding |
| B. | marking |
| C. | labelling |
| D. | packaging |
| Answer» A. branding | |
| 62. |
helps to distinguish the company’s brand among its competitors. |
| A. | brand name |
| B. | company name |
| C. | product marking |
| D. | product price |
| Answer» A. brand name | |
| 63. |
Product price is not directly affected by . |
| A. | costs |
| B. | product nature |
| C. | competitor’s prices |
| D. | quota restrictions |
| Answer» D. quota restrictions | |
| 64. |
INCO terms refer to . |
| A. | international commercial terms |
| B. | in-trade commercial terms |
| C. | interim compensation |
| D. | international company |
| Answer» A. international commercial terms | |
| 65. |
The main objective of export pricing is . |
| A. | maximizing the profits |
| B. | applying for government incentives |
| C. | ease in documentation |
| D. | facilitates distribution |
| Answer» A. maximizing the profits | |
| 66. |
Product mix is . |
| A. | a specific category of product line |
| B. | a range of companies’ offerings |
| C. | a part of product depth |
| D. | a restricted line of companies’ offerings |
| Answer» B. a range of companies’ offerings | |
| 67. |
among the following is not an element of branding. |
| A. | brand name |
| B. | logo |
| C. | brand colour |
| D. | country of origin mark |
| Answer» D. country of origin mark | |
| 68. |
Packaging helps in . |
| A. | protection against damages |
| B. | preservation of quality |
| C. | promotion of product |
| D. | all of the above |
| Answer» D. all of the above | |
| 69. |
refers to creating a distinct image in the minds of the audience towards a specific brand. |
| A. | positioning |
| B. | promotion |
| C. | packaging |
| D. | product labelling |
| Answer» A. positioning | |
| 70. |
Product promotion in export business is mainly done through . |
| A. | advertising |
| B. | publicity |
| C. | salesmanship |
| D. | participation in trade-fairs and exhibitions |
| Answer» D. participation in trade-fairs and exhibitions | |
| 71. |
EU requires labelling requirement in language/s. |
| A. | one |
| B. | two |
| C. | three |
| D. | four |
| Answer» D. four | |
| 72. |
EU needs packaging requirements. |
| A. | eco-friendly |
| B. | thermoformed |
| C. | laminated |
| D. | corrugated |
| Answer» A. eco-friendly | |
| 73. |
is a longer channel of distribution in export business. |
| A. | direct channel |
| B. | indirect channel |
| C. | latitudinal channel |
| D. | longitudinal channel |
| Answer» B. indirect channel | |
| 74. |
helps to distribute export goods only through government agencies. |
| A. | co-operatives |
| B. | canalizing agencies |
| C. | customs officials |
| D. | consortiums |
| Answer» B. canalizing agencies | |
| 75. |
distribution channel reduces per unit cost of the product in export business. |
| A. | direct |
| B. | indirect |
| C. | variance distribution |
| D. | binomial distribution |
| Answer» A. direct | |
| 76. |
Logistics in export marketing does not cover aspect. |
| A. | packaging |
| B. | warehousing |
| C. | material handling |
| D. | advertising |
| Answer» D. advertising | |
| 77. |
helps to co-ordinate moving of resources with the help of people, equipment and technology. |
| A. | logistics |
| B. | human resource management |
| C. | marketing |
| D. | research |
| Answer» A. logistics | |
| 78. |
covers financial risks in export business. |
| A. | insurance |
| B. | transportation |
| C. | communication |
| D. | warehousing |
| Answer» A. insurance | |
| 79. |
is the most convenient and cost effective mode of transport in export business. |
| A. | roadways |
| B. | railways |
| C. | seaways |
| D. | airways |
| Answer» C. seaways | |
| 80. |
is not an element of promotion. |
| A. | publicity |
| B. | sales promotion |
| C. | sponsorship |
| D. | product |
| Answer» D. product | |
| 81. |
is a sales promotion tool. |
| A. | discounts |
| B. | premium price |
| C. | perceived product |
| D. | sponsorship |
| Answer» A. discounts | |
| 82. |
Trade fairs and exhibitions help the exporters in . |
| A. | buying import products |
| B. | promoting export products |
| C. | exploring new markets |
| D. | developing new products |
| Answer» B. promoting export products | |
| 83. |
Personal selling is also known as . |
| A. | salesmanship |
| B. | sponsorship |
| C. | sales-promotion |
| D. | public relations |
| Answer» A. salesmanship | |
| 84. |
is a paid form of non-personal presentation of export goods by the exporter. |
| A. | packaging |
| B. | publicity |
| C. | advertising |
| D. | sales promotion |
| Answer» C. advertising | |
| 85. |
insurance is covered by Marine Insurance Act, 1963. |
| A. | marine |
| B. | life |
| C. | medical |
| D. | health |
| Answer» A. marine | |
| 86. |
premium helps to cover risks occurred due to perils of the sea. |
| A. | marine |
| B. | price |
| C. | freight |
| D. | port |
| Answer» A. marine | |
| 87. |
is not a marine insurance policy. |
| A. | hull insurance |
| B. | time insurance |
| C. | voyage plan |
| D. | umbrella insurance |
| Answer» D. umbrella insurance | |
| 88. |
is a warehousing type that holds zero-inventory, where products are received, processed and shipped to exporting countries. |
| A. | cross-docking |
| B. | near-shore |
| C. | off-shore |
| D. | horizontal |
| Answer» A. cross-docking | |
| 89. |
is a group of exporters who form trading association for mutual distribution benefits. |
| A. | canalizing agency |
| B. | consortium |
| C. | state corporation |
| D. | manufacturing exporters |
| Answer» B. consortium | |
| 90. |
is a promotion element that uses short term tactic to persuade the importers to make purchases. |
| A. | trade fairs and exhibitions |
| B. | sponsorships |
| C. | sales-promotion |
| D. | salesmanship |
| Answer» C. sales-promotion | |
| 91. |
goods are sold on deferred credit basis. |
| A. | capital |
| B. | consumer |
| C. | fmcg |
| D. | deferred |
| Answer» A. capital | |
| 92. |
The main purpose of packing credit is to meet capital needs of exporters. |
| A. | fixed |
| B. | working |
| C. | regular |
| D. | interim |
| Answer» B. working | |
| 93. |
A major part of export finance is provided by banks. |
| A. | commercial |
| B. | agricultural |
| C. | industrial |
| D. | co-operative |
| Answer» A. commercial | |
| 94. |
finances Indian joint ventures in foreign countries. |
| A. | exim |
| B. | nabard |
| C. | sidbi |
| D. | ecgc |
| Answer» A. exim | |
| 95. |
has its head office in Lucknow. |
| A. | sidbi |
| B. | rbi |
| C. | exim |
| D. | epc |
| Answer» A. sidbi | |
| 96. |
provides finance to entrepreneurs for setting up tourism related activities. |
| A. | sidbi |
| B. | ecgc |
| C. | epcg |
| D. | epc |
| Answer» A. sidbi | |
| 97. |
SIDBI provide direct finance to obtain certification. |
| A. | iso 9000 |
| B. | quality |
| C. | isi |
| D. | six-sigma |
| Answer» A. iso 9000 | |
| 98. |
Political risks can be covered under policies. |
| A. | ecgc |
| B. | lic |
| C. | rbi |
| D. | marine |
| Answer» A. ecgc | |
| 99. |
backs the lending programme of banks, by issuing financial guarantees. |
| A. | ecgc |
| B. | epcg |
| C. | lic |
| D. | coc |
| Answer» A. ecgc | |
| 100. |
There are high risks in payment method. |
| A. | advance payment |
| B. | lc |
| C. | open account |
| D. | bills of exchange |
| Answer» C. open account | |
Done Reading?