Top 150+ Solved International Business MCQ Questions Answer
Q. In 90’s the global management perception was based on
a. Standardization v/s adaptation
b. Globalization v/s localization
c. Global integration v/s Local Responsiveness
d. Local responsiveness
Q. The agreement signed by Ranbaxy Laboratory and Bayer AG of Germany in the year 1999 is an example of
a. Subsidiary
b. Joint venture
c. Strategic International Alliance
d. License agreement
Q. CISF pricing includes the following
a. Commission is paid to the agent involved in the transaction
b. Cost of the goods exported
c. Freight & Insurance charges for the goods exported
d. All of the above
Q. When the transaction is of high value, complex In nature and more technical __________method of the export sales contract is used.
a. Performa invoice
b. Purchase order
c. Sales contact
d. None of the above
Q. Which one of the following is a method for an exporter to get a contract
a. Proforma invoice
b. Purchase order
c. Sales contract
d. All the above
Q. Credits transferable by original beneficiary in favor of secondary beneficiary are known as
a. Deferred credits
b. Transit credits
c. Instalment credits
d. Transferable credits
Q. When the exporter, expects the importer, to make the payment immediately upon the draftbeing presented to him is called.
a. Sight Draft.
b. Usance Draft
c. Demand draft
d. Pay Note
Q. The basic objective of export Promotion Council is to promote and develop the Exports of the
a. Particular products of country
b. Only attractive projects of the country
c. Only services industry products of the country
d. Overall exports of the country.
Q. The theory of Comparative cost advantage is given by
a. Porter
b. Adam Smith
c. Varnoon
d. D.Richardo
Q. Trade Related Investment Measures (TRIMS) doesn’t apply for
a. Measures that lead to restrictions in quantities.
b. Discouraging measures that limit a company’s imports
c. Discouraging measures that limit a company’s exports.
d. ALL OF THE ABOVE
Q. As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn’t consider
a. Direct payments to farmers are permitted.
b. Indirect assistance and support to farmers including R & D support by govt. are not permitted
c. Domestic policies which directly effect on production and trade have to be cut back.
d. Least developed countries do not need to make any cuts.
Q. Power distance Index (PDI) of 77 compared to a world average of 56.5 for India indicates
a. High level of inequality of power and wealth within the society
b. Normal Power and Wealth
c. High level of political corruption
d. Low level of Human Development Index
Q. Identify a factor that doesn’t play an important role in attracting FDI
a. Language
b. Laws, rules and regulations
c. Cost of resources
d. Infrastructure related factors
Q. The first phase of globalization started around 1870 and ended with …
a. The World War I
b. The World War II
c. The Establishment of GATT
d. In 1913 when GDP was high