McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Management Studies (BMS) .
| 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 | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.