McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
| 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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