Top 150+ Solved Global Business Environment MCQ Questions Answer
Q. In WTO _________ is the highest hierarchical level in the organizational structure.
a. General council
b. Committee and Management Bodies
c. Management Bodies
d. Ministerial conference
Q. _________ is the sale of goods abroad at a price which is lower than the selling price of the same goods at the same time in the same circumstances at home, taking account of difference in transport costs.
a. Dumping
b. Tariff
c. Anti dumping
d. None of the above
Q. When the production of a product is more than the demand in thehome country, the stocks piled up even after sales is _________
a. Persistent Dumping
b. Predatory dumping
c. Intermittent Dumping
d. Anti Dumping
Q. The monopolist sells the remaining production in foreign countries at alow price continuously in _________
a. Intermittent Dumping
b. Persistent Dumping
c. Predatory Dumping
d. Anti dumping
Q. The monopolist sells the product in a foreign market at a low price initially with a view to drive away the competitors and increase the price after the competitors leave the market in _________
a. Predatory dumping
b. Intermittent dumping
c. Persistent dumping
d. Anti duping
Q. EU Council Committee is also called _________
a. Corper
b. Executive body
c. Advisory committee
d. Commissioners
Q. The Corper is the link between the EU and _________
a. Commissioners
b. Council
c. Executive body
d. Member Governments
Q. The North American Free Trade Agreement (NAFTA) came intobeing on _________
a. 1 Jan. 1992
b. 1 March 1996
c. 1 Jan. 1994
d. 1 March 1994
Q. _________ is expected to eliminate all tariffs and trade barriers amongthe USA, Canada and Mexico.
a. SAARC
b. ASEAN
c. NAFTA
d. EEC
Q. OPEC means _________
a. Organisation of Petroleum Exporting Countries
b. Organisation of Pacific Economic Co-operation
c. Organisation of Pacific European Co-operation
d. Organisation of Pacific Exporting Commission
Q. The remaining balance of quota, after drawing 25% of reserve trenchis called _________
a. God Trench
b. Credit trench
c. Quotas
d. Fund lending
Q. The short fall of the member's currency with fund over its quota iscalled _________
a. Gold trench
b. Credit trench
c. Reserve trench
d. Quotas