McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
| 101. |
_________ theory suggests for maintaining favourable balance of trade in the form of import of gold for export of goods and services. |
| A. | Gold standard |
| B. | Mercantilism |
| C. | Non merchantilism |
| D. | Breton wood system |
| Answer» B. Mercantilism | |
| 102. |
_________ is the application of knowledge which redefine the boundaries of global business. |
| A. | Cultural factors |
| B. | Political factors |
| C. | Social factors |
| D. | Technology |
| Answer» D. Technology | |
| 103. |
_________ is a form of licensing |
| A. | Franchising |
| B. | Patent |
| C. | Brand |
| D. | None of the above |
| Answer» A. Franchising | |
| 104. |
_________ is the long term contracting out of non-core business processes to an outside to help achieve increased share holder value |
| A. | Contract manufacturing |
| B. | BPO |
| C. | Management contract |
| D. | Turnkey contract |
| Answer» B. BPO | |
| 105. |
A _________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing/business service facility and turn the project over to the purchaser when it is ready for operation for a remuneration. |
| A. | BPO |
| B. | Contract Manufacturing |
| C. | Turnkey project |
| D. | Management contract |
| Answer» C. Turnkey project | |
| 106. |
First WTO Ministerial conference held in _________ |
| A. | Geneva |
| B. | Singapore |
| C. | Manila |
| D. | Dona |
| Answer» B. Singapore | |
| 107. |
In WTO _________ is the highest hierarchical level in the organizational structure. |
| A. | General council |
| B. | Committee and Management Bodies |
| C. | Management Bodies |
| D. | Ministerial conference |
| Answer» D. Ministerial conference | |
| 108. |
_________ is the sale of goods abroad at a price which is lower than the selling price of the same goods at the same time in the same circumstances at home, taking account of difference in transport costs. |
| A. | Dumping |
| B. | Tariff |
| C. | Anti dumping |
| D. | None of the above |
| Answer» A. Dumping | |
| 109. |
When the production of a product is more than the demand in the home country, the stocks piled up even after sales is _________ |
| A. | Persistent Dumping |
| B. | Predatory dumping |
| C. | Intermittent Dumping |
| D. | Anti Dumping |
| Answer» C. Intermittent Dumping | |
| 110. |
The monopolist sells the remaining production in foreign countries at a low price continuously in _________ |
| A. | Intermittent Dumping |
| B. | Persistent Dumping |
| C. | Predatory Dumping |
| D. | Anti dumping |
| Answer» B. Persistent Dumping | |
| 111. |
The monopolist sells the product in a foreign market at a low price initially with a view to drive away the competitors and increase the price after the competitors leave the market in _________ |
| A. | Predatory dumping |
| B. | Intermittent dumping |
| C. | Persistent dumping |
| D. | Anti duping |
| Answer» A. Predatory dumping | |
| 112. |
India was one of the _________ Governments that become members of the WTO on the first day of the formation of the WTO |
| A. | 56 |
| B. | 96 |
| C. | 76 |
| D. | 103 |
| Answer» C. 76 | |
| 113. |
EU Council Committee is also called _________ |
| A. | Corper |
| B. | Executive body |
| C. | Advisory committee |
| D. | Commissioners |
| Answer» A. Corper | |
| 114. |
The Corper is the link between the EU and _________ |
| A. | Commissioners |
| B. | Council |
| C. | Executive body |
| D. | Member Governments |
| Answer» D. Member Governments | |
| 115. |
The North American Free Trade Agreement (NAFTA) came into being on _________ |
| A. | 1 Jan. 1992 |
| B. | 1 March 1996 |
| C. | 1 Jan. 1994 |
| D. | 1 March 1994 |
| Answer» C. 1 Jan. 1994 | |
| 116. |
In the year 1989 _________ was established |
| A. | NAFTA |
| B. | APEC |
| C. | ESCAP |
| D. | SAARC |
| Answer» B. APEC | |
| 117. |
_________ is expected to eliminate all tariffs and trade barriers among the USA, Canada and Mexico. |
| A. | SAARC |
| B. | ASEAN |
| C. | NAFTA |
| D. | EEC |
| Answer» D. EEC | |
| 118. |
OPEC means _________ |
| A. | Organisation of Petroleum Exporting Countries |
| B. | Organisation of Pacific Economic Co-operation |
| C. | Organisation of Pacific European Co-operation |
| D. | Organisation of Pacific Exporting Commission |
| Answer» A. Organisation of Petroleum Exporting Countries | |
| 119. |
The remaining balance of quota, after drawing 25% of reserve trench is called _________ |
| A. | God Trench |
| B. | Credit trench |
| C. | Quotas |
| D. | Fund lending |
| Answer» B. Credit trench | |
| 120. |
The short fall of the member's currency with fund over its quota is called _________ |
| A. | Gold trench |
| B. | Credit trench |
| C. | Reserve trench |
| D. | Quotas |
| Answer» C. Reserve trench | |
| 121. |
_________ are popularly known as "Paper Gold". |
| A. | Gold trench |
| B. | Gold standard |
| C. | Gold Exchange Standard |
| D. | Special Drawing Rights |
| Answer» D. Special Drawing Rights | |
| 122. |
_________ is popularly known as World Bank |
| A. | IBRD |
| B. | IDA |
| C. | ADB |
| D. | IMF |
| Answer» A. IBRD | |
| 123. |
IDA was established primarily to provide finance to less developed member countries on a _________ basis. |
| A. | Credit |
| B. | Soft loan |
| C. | Debit |
| D. | Hard loan |
| Answer» B. Soft loan | |
| 124. |
IDA loans are known as _________ |
| A. | IDA credit |
| B. | IDA debit |
| C. | Soft loan |
| D. | Both a and b |
| Answer» A. IDA credit | |
| 125. |
The first conference of the UNCTAD was held in _________ |
| A. | USA |
| B. | Seattle |
| C. | Geneva |
| D. | Mexica |
| Answer» C. Geneva | |
| 126. |
The product is sold at a high price in international markets and at a low price in the domestic market is called _________ |
| A. | Reverse dumping |
| B. | Persistent dumping |
| C. | Predatory dumping |
| D. | Sporadic dumping |
| Answer» A. Reverse dumping | |
| 127. |
_________ is an arrangement to pay for import of goods and services with something other than cash. |
| A. | Turkey contract |
| B. | Counter Trade |
| C. | Dumping |
| D. | None of the above |
| Answer» B. Counter Trade | |
| 128. |
_________ is goods - for - goods deal |
| A. | Contract |
| B. | Trade |
| C. | Counter Trade |
| D. | Purchase |
| Answer» C. Counter Trade | |
| 129. |
Privatisation may be effected in the form of _________ |
| A. | Liberalisation |
| B. | Globalisation |
| C. | Dis-investment |
| D. | None of the above |
| Answer» C. Dis-investment | |
| 130. |
The industrial policy of the Government of India was declared by _________ |
| A. | Indira Gandhi |
| B. | Rajeev Gandhi |
| C. | Narasimha Rao |
| D. | Jawaharlal Nehru |
| Answer» D. Jawaharlal Nehru | |
| 131. |
The Industrial Policy Resolution 1956 was known as _________ |
| A. | New Industrial Policy |
| B. | Economic Policy |
| C. | Economic Constitution of India |
| D. | Industrial reforms |
| Answer» C. Economic Constitution of India | |
| 132. |
_________ consisted of 17 industries and future development of the industry, it is to be excluded responsibility of the state |
| A. | Schedule B |
| B. | Schedule A |
| C. | Schedule D |
| D. | Schedule C |
| Answer» B. Schedule A | |
| 133. |
The organization is said to be when some sudden and unpredictable changes take place is called _________ |
| A. | Changing environment |
| B. | Stable environment |
| C. | Natural environment |
| D. | Turbulent environment |
| Answer» D. Turbulent environment | |
| 134. |
In an organisation, changes occur slowly but threat occurs in cluster is called _________ |
| A. | Placid - clustered environment |
| B. | Placid - rando-mixed environment |
| C. | Disturbed - reactive environment |
| D. | Turbulent field environment |
| Answer» A. Placid - clustered environment | |
| 135. |
_________ is a device used to establish a set of priorities for using the organization’s scarce resources |
| A. | Buffering |
| B. | Rationing |
| C. | Smoothing |
| D. | Coalescing |
| Answer» B. Rationing | |
| 136. |
_________ is the process of convincing the various powerful elements of the environment to act in the favour of the organisations. |
| A. | Coalescing |
| B. | Co-optation |
| C. | Lobbying |
| D. | None of the above |
| Answer» C. Lobbying | |
| 137. |
_________ is an open forum of government |
| A. | Two party system |
| B. | Single party system |
| C. | Dominated one party system |
| D. | Parliamentary system |
| Answer» D. Parliamentary system | |
| 138. |
_________ is an unintended channel of distribution that runs parallel to the planned channel. |
| A. | Gray market |
| B. | Black market |
| C. | Bribery |
| D. | Counterfeiting |
| Answer» A. Gray market | |
| 139. |
Culture is _________ |
| A. | Subjective |
| B. | Prescriptive |
| C. | Cumulative |
| D. | All of the above |
| Answer» D. All of the above | |
| 140. |
________ is a series of bilateral agreement between America, Canada and Mexico |
| A. | SAARC |
| B. | APEC |
| C. | NAFTA |
| D. | ASEAN |
| Answer» C. NAFTA | |
| 141. |
______ agreement as modified by the Bretton wood agreement. |
| A. | WTO |
| B. | ITO |
| C. | GAAT |
| D. | TRIMS |
| Answer» C. GAAT | |
| 142. |
_________ means replacement of existing non-tariff restriction on trade such as import quotas. |
| A. | Tariffication |
| B. | Tariff binding |
| C. | Tariff cuts |
| D. | Reduction in subsidies |
| Answer» A. Tariffication | |
| 143. |
The import aspects of the UR agreement on agriculture include Tariffication, Tariff binding, Tariff cuts and _________ |
| A. | Tariff |
| B. | Tariff rates |
| C. | Reduction in subsidies and |
| D. | None of the above |
| Answer» C. Reduction in subsidies and | |
| 144. |
The combined package of trade rules and Tariff concessions became known as the _________ |
| A. | WTO |
| B. | GATT |
| C. | NAFTA |
| D. | SAARC |
| Answer» B. GATT | |
| 145. |
_________ may be defined as "information with a commercial value". |
| A. | GATT |
| B. | TRIPS |
| C. | WTO |
| D. | IPRS |
| Answer» D. IPRS | |
| 146. |
Creators can be given the right to prevent others from using their inventions, designs or other creations is known as _________ |
| A. | TRIMS |
| B. | TRIPS |
| C. | IPRS |
| D. | GAAT |
| Answer» C. IPRS | |
| 147. |
_________ was a set of rules and multilateral agreement |
| A. | TRIPS |
| B. | TRIMS |
| C. | GAAT |
| D. | WTO |
| Answer» C. GAAT | |
| 148. |
In TRIPS, a patent would be applicable for _________ |
| A. | 10 Years |
| B. | 20 years |
| C. | 25 years |
| D. | 30 years |
| Answer» B. 20 years | |
| 149. |
GATS covers which of the following? |
| A. | Cross-border equity |
| B. | Consumption abroad |
| C. | Commercial presence |
| D. | All the above |
| Answer» D. All the above | |
| 150. |
WTO Anti-dumping agreement doesn't have _________ |
| A. | rules for calculating the amount of dumping |
| B. | procedures for conducting anti-dumping investigations |
| C. | rules for setting disputes related to restrictive quota practices |
| D. | standards for dispute settlement panels to apply in anti-dumping disputes |
| Answer» C. rules for setting disputes related to restrictive quota practices | |
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.