Top 150+ Solved Global Business Environment MCQ Questions Answer
Q. _________ provides a platform for the peoples of South Asia to worktogether in a spirit of friendship trust and undertaking.
a. OECS
b. ASEAN
c. SAARC
d. NAFTA
Q. 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
Q. The exchange rate system under the IMF came to be known as_________
a. Gold standard
b. Floating rate
c. SDRS
d. Breton Wood System
Q. _________ were created as a reserve asset by the IMF
a. Floating rate
b. SDR
c. Credit trench
d. God standard
Q. 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
Q. Holding _________ gives the bearer the option to acquire foreignexchange from the monetary authorities of another member of the IMF
a. SDR
b. Gold standard
c. Credit trench
d. All of the above
Q. Which of the following is a form of contractual agreement _________
a. Franchising
b. Licensing
c. Joint venture
d. Both a and b
Q. Build, operate and transfer is the basic principle of _________
a. Strategic alliance
b. Turnkey projects
c. Contract Manufacturing
d. Management Contract
Q. Which of the following is not a joint venture?
a. Licensing
b. Franchising
c. Strategic alliance
d. Contract Manufacturing
Q. _________ allows a company to conduct business in another countrywhose laws discourage foreign ownership
a. Contract Manufacturing
b. Licensing
c. Franchising
d. Joint venture
Q. Globalization is based on the theory of
a. Mixed economy
b. Capitalism
c. Free trade and comparative advantage
d. Import Substitution
Q. 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
Q. The member countries of WTO have moved to "Product PatentRegime" under _________
a. TRIMS
b. TRIPS
c. GATTS
d. SAPTA