McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
Which of the following resulted from the Great Depression? |
| A. | Increased trade barriers and devalued currencies. |
| B. | A stable exchange rate system. |
| C. | Free international capital flows. |
| D. | None of the options given is correct. |
| Answer» A. Increased trade barriers and devalued currencies. | |
| 2. |
What is the main role of the IMF? |
| A. | To ensure a stable exchange rate regime and provide emergency assistance to countries facing crises in balance of payments. |
| B. | To be a forum for trade and liberalization. |
| C. | To assist countries in development. |
| D. | To facilitate private investment around the world. |
| Answer» A. To ensure a stable exchange rate regime and provide emergency assistance to countries facing crises in balance of payments. | |
| 3. |
What is the main role of the World Bank? |
| A. | To be a forum for trade and liberalization. |
| B. | To assist countries in development. |
| C. | To facilitate private investment around the wor |
| Answer» B. To assist countries in development. | |
| 4. |
What is meant by the 'Washington Consensus'? |
| A. | The consensus in Washington about matters of foreign policy. |
| B. | The ten-point guideline to liberal economic reform for development around the world. |
| C. | The ten-point guideline for economic growth in Europe. |
| D. | The ten-point neo-liberal guideline for progress in the US. |
| Answer» B. The ten-point guideline to liberal economic reform for development around the world. | |
| 5. |
Why do states undertake protectionist measures? |
| A. | To assist private investment. |
| B. | To keep competitive foreign goods from flooding the market. |
| C. | To keep stable exchange rates. |
| D. | All of the options given are correct. |
| Answer» B. To keep competitive foreign goods from flooding the market. | |
| 6. |
What does structural adjustment involve? |
| A. | Measures to reduce inflation. |
| B. | Measures to curb government expenditure. |
| C. | Deregulation. |
| D. | All of the options given are correct |
| Answer» D. All of the options given are correct | |
| 7. |
What is the mercantilist view of IPE? |
| A. | The world economy is where states seek to maximize their wealth and independence relative to other states. |
| B. | The world economy is an arena of capitalist competition in which social groups are always in conflict. |
| C. | Free trade and free movement of capital shape the policies of governments and economic actors. |
| D. | None of the options given are correct. |
| Answer» A. The world economy is where states seek to maximize their wealth and independence relative to other states. | |
| 8. |
What is Dependency Theory? |
| A. | Economic activity in the richer countries often leads to serious economic problems in the poorer countries. |
| B. | Economic development of poorer countries is positively dependent on economic growth of richer countries. |
| C. | Economic growth is beneficial to all. |
| D. | None of the options given are correct. |
| Answer» A. Economic activity in the richer countries often leads to serious economic problems in the poorer countries. | |
| 9. |
The constructivist approach pays attention to what? |
| A. | The rational actor. |
| B. | How rational choice can be applied to constructing social groups. |
| C. | How actors construct their interests within a structure of ideas, culture, and |
| D. | How states and other actors construct their preferences, highlighting the role of identities, beliefs, tradition, and values. |
| Answer» D. How states and other actors construct their preferences, highlighting the role of identities, beliefs, tradition, and values. | |
| 10. |
Under what conditions will states create international institutions? |
| A. | For mutual gains. |
| B. | Only where position relative to other states is not affected. |
| C. | They arise as reflections of identities and interest of states and groups which are themselves forged through interactions. |
| D. | Depends on the school of thought. |
| Answer» D. Depends on the school of thought. | |
| 11. |
Amalgamation and rapid unification between countries can be identified as |
| A. | Globalisation |
| B. | Liberalisation |
| C. | Socialisation |
| D. | Privatisation |
| Answer» A. Globalisation | |
| 12. |
Globalisation has improved in the living structure of |
| A. | All the people |
| B. | Workers in developing countries |
| C. | People in developed countries |
| D. | None of the above. |
| Answer» B. Workers in developing countries | |
| 13. |
Which Indian industries have been hit by globalisation? |
| A. | Cement |
| B. | Jute |
| C. | Toy making |
| D. | Information Technology (IT) |
| Answer» C. Toy making | |
| 14. |
Which organisations strain on the liberalisation of foreign investment and foreign trade? |
| A. | International Monetary Fund |
| B. | World Health Organisation |
| C. | World Trade Organisation |
| D. | International Labour Organisation |
| Answer» C. World Trade Organisation | |
| 15. |
Tax on imports can be treated as |
| A. | Collateral |
| B. | Trade Barriers |
| C. | Foreign Trade |
| D. | Terms of Trade |
| Answer» B. Trade Barriers | |
| 16. |
The main reason behind MNCs investments are |
| A. | To benefit foreign countries |
| B. | To provide financial support to the country’s government |
| C. | For the welfare of underprivileged people. |
| D. | To increase the assets and earn profits. |
| Answer» D. To increase the assets and earn profits. | |
| 17. |
Which institute supports investments and foreign trade in India? |
| A. | International Monetary Fund (IMF) |
| B. | World Trade Organisation (WTO) |
| C. | World Bank |
| D. | International Labour Organisation (ILO) |
| Answer» B. World Trade Organisation (WTO) | |
| 18. |
When did the government remove the barriers for investment and investment in India? |
| A. | 1990 |
| B. | 1991 |
| C. | 1992 |
| D. | 1993 |
| Answer» B. 1991 | |
| 19. |
Which of the following is referred to as the predecessor to WTO? |
| A. | GATT |
| B. | OPEC |
| C. | World Bank |
| D. | IMF |
| Answer» A. GATT | |
| 20. |
Hyperglobalization is a process of globalization which — |
| A. | emphasizes the rise of regionalism |
| B. | emphasizes the rise of the TNC and decline of the nation state |
| C. | emphasizes the rise of nation states |
| D. | emphasizes the decline of the TNC |
| Answer» B. emphasizes the rise of the TNC and decline of the nation state | |
| 21. |
Economic globalization is characterized by — |
| A. | cross-cultural flows of ideas |
| B. | rise of regionalism |
| C. | international migration |
| D. | international trade and investment flows |
| Answer» D. international trade and investment flows | |
| 22. |
Ethnocentric orientation is a predisposition towards — |
| A. | the global economy |
| B. | geographically proximate regions |
| C. | the home country |
| D. | regionalism |
| Answer» C. the home country | |
| 23. |
Business entities engaged in international business activity are commonly known as — |
| A. | State-trading corporations |
| B. | EOUs |
| C. | TNCs |
| D. | NGOs |
| Answer» C. TNCs | |
| 24. |
Who founded Facebook in 2004? |
| A. | Mark Zuckerberg |
| B. | Sean Fanning |
| C. | Jack Dorsy |
| D. | Steve Jobs |
| Answer» A. Mark Zuckerberg | |
| 25. |
International orientation refers to — |
| A. | a gradual process of internationalization |
| B. | an attitude or strategic predisposition of a TNC towards internationalization |
| C. | a firm’s modes of entry into international business |
| D. | the stage theory of internationalization |
| Answer» B. an attitude or strategic predisposition of a TNC towards internationalization | |
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