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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 |
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