Top 150+ Solved International Business MCQ Questions Answer
Q. Which of the following is not the main purpose for formation of SAARC
a. to combat terrorism
b. to promote the welfare of the people of south asia
c. to form mutual defense against foreign aggression
d. none of the above
Q. SAPTA is a trade agreement by _________________
a. asean nations
b. apec nations
c. saarc nations
d. eu nations
Q. What is the full form of ASEAN?
a. association of south east asian nations
b. administration of south east asian nations
c. administration of southern eastern asian nations
d. organisation of south east asian nations
Q. The European Union is a free trade association that is based on a(n)
a. economic and monetary union.
b. economic union.
c. monetary union.
d. a commonly agreed upon list of lowered tariffs.
Q. Which one of the following has a single currency managed by a common central bank?
a. asean
b. european union
c. world trade organization
d. the organization for economic cooperation and development
Q. Which of the following is an advantage of turnkey projects?
a. can earn a return on knowledge asset
b. will not create a competitor
c. tight control of operations
d. all the above
Q. Firm that operates internationally is able to
a. earn a greater return from their skills and core competencies
b. realize location economies where they can be performed most efficiently
c. realize greater experience curve economies, which reduces the cost of production
d. all the above
Q. Which one of the following is renowned for its high-quality databases on economic and social data?
a. wto
b. eu
c. oecd
d. world bank
Q. 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.
Q. 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)
Q. Within an international context, what are 'economies of scope' synonymous with?
a. decreased cost per unit of output.
b. buying components in bulk.
c. reusing a resource from one business/country in additional businesses/countries.
d. all of the above.
Q. According to the concept of the value chain, of an international firm is profitable if:
a. the value it commands exceeds the costs involved in creating the product
b. the value it commands is lower than the costs involved in creating the product
c. it operates in global industries
d. the value it commands equals the costs involved in creating the product.
Q. When Safeway supermarkets in the United States buys strawberries from Mexico,
a. it must use dollars to pay mexican farmers.
b. it may use any currency it chooses.
c. it must use pesos to pay mexican farmers.
d. the transaction shows up in the u.s. capital account.
Q. A country records its international finance accounts in it’s
a. balance of payments accounts.
b. import/export log accounts.
c. trade payments accounts.
d. net exports payments account.