Top 150+ Solved Global Business Environment MCQ Questions Answer
Q. _________ is an enterprise which allocates company resources without regards to national frontiers, but is nationally based in terms of ownership and top management.
a. MNC
b. Globalisation
c. Liberalisation
d. TNC
Q. __________ conference of 1944 suggested institutional arrangements to undertakepost wear reconstruction of global economy.
a. Urugay Round Agreement
b. Narasimham Committee
c. Brotton woods
d. Hilton Young Commission
Q. The GATT agreement had been signed by governments known as _____
a. Member countries
b. Trade members
c. MFN
d. Contracting Parties
Q. Article XIX of the GATT provided ________
a. General prohibition of QRs
b. Emergency safeguard code
c. Schedule of Tariff Concessions
d. MFN Clause
Q. GATT agreements as modified by the _______agreement
a. WTO
b. ITO
c. Uruguay Round
d. Bretton wood
Q. _______ is the Supreme Authority of the WTO
a. General Council
b. Ministerial conference
c. Council for Trade in Goods
d. Council for TRIPS
Q. The Secretariat of the WTO is headed by the _______
a. General Council
b. Ministerial conference
c. Director General
d. Council for TRIPS
Q. GATT was applied on a _________
a. Permanent basis
b. Provisional basis
c. Both a and b
d. None of the above
Q. Plurilateral Trade Agreement was done at Ganeva in ______
a. March 1979
b. April 1979
c. January 1994
d. August 1984
Q. NIEO means_________
a. New International Economic Order
b. New Industrial Economic Order
c. New Industrial Economic Organisation
d. New International Economic Organisation
Q. __________ is the effect International Trade has a detrimental effect on underdeveloped countries
a. Lop - sided development
b. Deterioration
c. Demonstration effect
d. None of the above