McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
| 151. |
The time limit specified by the Agreement on import licensing for the agencies to deal with the procedure. |
| A. | 15 days |
| B. | 30 days |
| C. | 60 days |
| D. | 90 days |
| Answer» B. 30 days | |
| 152. |
The rules and commitment of Agreement on Agriculture apply to _________ |
| A. | Market access |
| B. | Domestic support |
| C. | Export subsidies and other programs |
| D. | All the above |
| Answer» D. All the above | |
| 153. |
_________ duties can be imposed of a product is dumped in the importing country at less than its normal value provided it causes material injury to the domestic industry. |
| A. | Tariff |
| B. | Anti-dumping |
| C. | Countervailing |
| D. | Reduction in subsidies |
| Answer» B. Anti-dumping | |
| 154. |
_________ are maximum tariffs imposed by the member countries of WTO. |
| A. | Rates |
| B. | Subsidies |
| C. | Quotas |
| D. | Bound rates |
| Answer» D. Bound rates | |
| 155. |
The fundamental principles of GATT was |
| A. | Most Favoured Nation |
| B. | National Treatment |
| C. | Both a and b |
| D. | None of the above |
| Answer» B. National Treatment | |
| 156. |
Anti-dumping and countervailing duties are imposed under _________ |
| A. | Customs Tariff Act 1975 |
| B. | TRIMS |
| C. | TRIPS |
| D. | Regional Trade Agreement |
| Answer» A. Customs Tariff Act 1975 | |
| 157. |
Bhutan has Bilateral Trade Agreement with _________ |
| A. | Sri Lanka |
| B. | Pakistan |
| C. | Russia |
| D. | India |
| Answer» D. India | |
| 158. |
FMCG means |
| A. | Fast Moving Consumer Goods |
| B. | Foreign Measures on Consumer Goods |
| C. | Freely Moving Consumer Goods |
| D. | Free Measures on Consumer Goods |
| Answer» A. Fast Moving Consumer Goods | |
| 159. |
Copyright means the exclusive right to do or authorize others to do certain acts in relation to _________ |
| A. | Literary, dramatic, musical or artistic work |
| B. | Cinematography |
| C. | Sound recordings |
| D. | All the above |
| Answer» D. All the above | |
| 160. |
Which one of the following is the function of trade mark |
| A. | Identifies the product and its origin |
| B. | Guaranteed its unchanged quality |
| C. | Advertises the product |
| D. | All the above |
| Answer» D. All the above | |
| 161. |
_________ is the art and other manifestations of human customs, civilization and the way of life a particular society or group. |
| A. | Culture |
| B. | Trends |
| C. | Business |
| D. | Marketing |
| Answer» A. Culture | |
| 162. |
The cultural habit of firm hand-shake is associated with the culture of _________ |
| A. | US |
| B. | Middle East |
| C. | Arab countries |
| D. | Japan |
| Answer» A. US | |
| 163. |
The Highest Hofstadter Dimension for a culture is _________ |
| A. | LTO |
| B. | PDI |
| C. | UAI |
| D. | IDV |
| Answer» B. PDI | |
| 164. |
A separate Bilateral NAFTA on market access for agricultural products with Canada and _________ |
| A. | America |
| B. | Britain |
| C. | Mexico |
| D. | Japan |
| Answer» C. Mexico | |
| 165. |
The SAARC countries comprise _________ |
| A. | Indonesia, Malaysia, Philippines, Singapore, Thailand, Bhutan, Nepal |
| B. | Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka |
| C. | Sri Lanka, Bhutan, Nepal, China, India, Bangladesh, Indonesia |
| D. | Bangladesh, Bhutan, China, Nepal, Pakistan, India, Sri Lanka |
| Answer» B. Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka | |
| 166. |
_________ provides a platform for the peoples of South Asia to work together in a spirit of friendship trust and undertaking. |
| A. | OECS |
| B. | ASEAN |
| C. | SAARC |
| D. | NAFTA |
| Answer» C. SAARC | |
| 167. |
ASEAN established on 8 August 1967 in _________ |
| A. | Katmandu |
| B. | Singapore |
| C. | Bangkok |
| D. | Nepal |
| Answer» C. Bangkok | |
| 168. |
ASEAN was established by the five original member countries are _________ |
| A. | Indonesia, Malaysia, Philippines, Singapore and Thailand |
| B. | India, Malaysia, Bhutan, Singapore, Thailand |
| C. | India, Sri Lanka, Malaysia, Philippines, Thailand |
| D. | India, Sri Lanka, Singapore, Thailand, Malaysia |
| Answer» A. Indonesia, Malaysia, Philippines, Singapore and Thailand | |
| 169. |
The exchange rate system under the IMF came to be known as _________ |
| A. | Gold standard |
| B. | Floating rate |
| C. | SDRS |
| D. | Breton Wood System |
| Answer» D. Breton Wood System | |
| 170. |
_________ were created as a reserve asset by the IMF |
| A. | Floating rate |
| B. | SDR |
| C. | Credit trench |
| D. | God standard |
| Answer» B. SDR | |
| 171. |
The _________ of a country refers to the systematic record of all receipts and payments between residents of the country and nonresidents over a period of time. |
| A. | Pegging |
| B. | Extended Fund Facility |
| C. | BOP |
| D. | Structural Adjustment Facility |
| Answer» C. BOP | |
| 172. |
Holding _________ gives the bearer the option to acquire foreign exchange from the monetary authorities of another member of the IMF |
| A. | SDR |
| B. | Gold standard |
| C. | Credit trench |
| D. | All of the above |
| Answer» A. SDR | |
| 173. |
Which of the following is a form of contractual agreement _________ |
| A. | Franchising |
| B. | Licensing |
| C. | Joint venture |
| D. | Both a and b |
| Answer» D. Both a and b | |
| 174. |
Build, operate and transfer is the basic principle of _________ |
| A. | Strategic alliance |
| B. | Turnkey projects |
| C. | Contract Manufacturing |
| D. | Management Contract |
| Answer» B. Turnkey projects | |
| 175. |
Which of the following is not a joint venture? |
| A. | Licensing |
| B. | Franchising |
| C. | Strategic alliance |
| D. | Contract Manufacturing |
| Answer» C. Strategic alliance | |
| 176. |
_________ allows a company to conduct business in another country whose laws discourage foreign ownership |
| A. | Contract Manufacturing |
| B. | Licensing |
| C. | Franchising |
| D. | Joint venture |
| Answer» B. Licensing | |
| 177. |
Which country is known for group harmony and collectivism? |
| A. | USA |
| B. | France |
| C. | Germany |
| D. | Japan |
| Answer» D. Japan | |
| 178. |
Globalization is based on the theory of |
| A. | Mixed economy |
| B. | Capitalism |
| C. | Free trade and comparative advantage |
| D. | Import Substitution |
| Answer» C. Free trade and comparative advantage | |
| 179. |
The process of globalization of the economy refers to _________ |
| A. | Removal of restrictions on foreign trade and foreign investment |
| B. | Economic growth |
| C. | Foreign investment in flow |
| D. | Employment generation |
| Answer» A. Removal of restrictions on foreign trade and foreign investment | |
| 180. |
The member countries of WTO have moved to "Product Patent Regime" under _________ |
| A. | TRIMS |
| B. | TRIPS |
| C. | GATTS |
| D. | SAPTA |
| Answer» B. TRIPS | |
| 181. |
Contract Manufacturing is a form of _________ |
| A. | Acquisition |
| B. | Franchising |
| C. | Licensing |
| D. | Joint venture |
| Answer» D. Joint venture | |
| 182. |
GATS operates on _________ levels |
| A. | 2 |
| B. | 6 |
| C. | 7 |
| D. | 3 |
| Answer» D. 3 | |
| 183. |
_________ is the first ever set of multilateral, legally enforceable rules covering international trade in services. |
| A. | GATS |
| B. | TRIPS |
| C. | TRIMS |
| D. | WTO |
| Answer» A. GATS | |
| 184. |
_________ means treating one's trading equally |
| A. | GATS |
| B. | WTO |
| C. | MFN |
| D. | TRIPS |
| Answer» C. MFN | |
| 185. |
MFA was replaced on 1 Jan. 1995 by _________ |
| A. | AOA |
| B. | ATC |
| C. | GATS |
| D. | TRIMS |
| Answer» B. ATC | |
| 186. |
Removal of QRS means _________ |
| A. | Duty free imports |
| B. | An item can be imported without import license or quotas |
| C. | All imports are free of tariffs |
| D. | None of the above |
| Answer» B. An item can be imported without import license or quotas | |
| 187. |
India has Bilateral Trade Agreement with _________ |
| A. | Sri Lanka |
| B. | Pakistan |
| C. | Nepal |
| D. | Bhutan |
| Answer» D. Bhutan | |
| 188. |
_________ transfers are selling of products by a company to its affiliated company in host country. |
| A. | Indirect export |
| B. | Direct exporting |
| C. | Intra-corporate |
| D. | All the above |
| Answer» C. Intra-corporate | |
| 189. |
_________ is the long term contracting out of non-core business processes to an outside provider to help achieve increased shareholder value. |
| A. | BPO |
| B. | Turnkey project |
| C. | Contract Manufacturing |
| D. | Management Contract |
| Answer» A. BPO | |
| 190. |
WTO members abolished quotas on trade in _________ |
| A. | Agriculture |
| B. | Textiles and clothing |
| C. | Tropical products |
| D. | Natural Resources based products |
| Answer» B. Textiles and clothing | |
| 191. |
___________ operates as a co-operative, multi-lateral, economic and trade forum. |
| A. | ASEAN |
| B. | APEC |
| C. | SAARC |
| D. | ESCAP |
| Answer» B. APEC | |
| 192. |
_______ is the fastest growing trading bloc in the world. |
| A. | MERCOSUR |
| B. | NAFTA |
| C. | EEC |
| D. | ESCAP |
| Answer» A. MERCOSUR | |
| 193. |
Marketing forces to determine the exchange rate of currencies under ______. |
| A. | Gold Standard |
| B. | Bretton wood system |
| C. | Floating rate system |
| D. | Credit Tranche |
| Answer» C. Floating rate system | |
| 194. |
_______ is called the soft loan window of the IBRD. |
| A. | IFC |
| B. | IDA |
| C. | UNCTAD |
| D. | IMF |
| Answer» B. IDA | |
| 195. |
_____ is a joint venture of IBRD and IFC. |
| A. | UNCTAD |
| B. | IDA |
| C. | IMF |
| D. | MIGA |
| Answer» D. MIGA | |
| 196. |
_____ promotes the development friendly integration of developing countries into the world economy. |
| A. | UNCTAD |
| B. | IBRD |
| C. | IMF |
| D. | IDA |
| Answer» A. UNCTAD | |
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