Top 150+ Solved Global Business Environment MCQ Questions Answer
Q. NAFTA mean __________
a. North American Free Trade Agreement
b. North American Foreign Trade Agreement
c. North Asian Free Trade Agreement
d. North Asian Foreign Trade Agreement.
Q. NAFTA is a series of bilateral agreement between America, Canada and_________
a. Geneva
b. Mexico
c. UK
d. Ireland
Q. ______________ is a bilateral trade agreement between two countries.
a. Tie in Agreement
b. Counter trade
c. MNC
d. Gray Market
Q. _______ is the process of convincing the various powerful elements of theenvironment to act in the favour of the organisations.
a. Coalescing
b. Cooptation
c. Lobbying
d. Procurement
Q. Two or more organisations may merger their organisations to have better controlover the environment as various resources are pooled together is __________
a. Cooptation
b. Lobbying
c. Agreement
d. Coalescing
Q. _________ was a Multilateral treaty encompassing rules and disciples for anorderly world trading system.
a. GATT
b. ITO
c. ECM
d. SAARC
Q. __________ means each nation shall be treated as well, as the most favourednation.
a. GATT
b. MFN
c. FTZ
d. TRRM
Q. __________ is known a neo-liberalism
a. Globaluation
b. Liberalisation
c. Privatization
d. None of the above
Q. ________ refers to a process of increasing economic integration and growingeconomic interdependence between countries in the world economy.
a. MNC
b. TNC
c. Globalisation
d. WTO
Q. _________ means acceptance of an outward looking policy of economicdevelopment in place of an inward – looking one.
a. Liberalization
b. Privatisation
c. Globalisatiion
d. All of the above