Quiznetik

Global Business Environment | Set 1

1. ___________ is consists of the totality of all factors with in or outside the control of individual business firms.

Correct : C. Business environment

2. Environment is always changing constraining and ____________

Correct : B. Uncertain

3. Environment is a __________ process

Correct : D. All of the above

4. _______________ is the product of environment.

Correct : C. Business

5. There are two sets of factors which influence the business of an enterprise is ____________

Correct : A. Internal and External

6. ___________ play a vital role in running the business enterprise.

Correct : D. Competitors

7. ___________ Consists of the actors in the company's immediate environment that affect the performance of the company.

Correct : B. Micro environment

8. Macro environment is also known as __________

Correct : C. General environment

9. Remote environment is an another name of __________

Correct : B. Macro environment

10. ____________ is environment covers those factors which give shape and form to the dept. of economic activities.

Correct : D. Economic

11. A stable, honest and efficient political system is a primary factor for the growth of ______________

Correct : A. Business

12. When the rate of change in is insignificant, it is termed as ________ environment

Correct : B. Stable or static

13. When some sudden and unpredictable changes take place in the organisation is said to ___________

Correct : C. Turbulent environment

14. ___________ is an open form of government.

Correct : A. Parliamentary System

15. China is the biggest example _________

Correct : D. Socialism

16. The term _________ relates to patent, trademarks, copyrights and trade secrets.

Correct : B. Intellectual property right

17. ____________ is also called the International convention for the protection of industrial property.

Correct : A. Paris Union

18. ____________ means that if an investor registers a patent in one member country, he can file an application for registration in other member countries within one year from the date of filing return,

Correct : C. Priority Right

19. The international registration of Trade Marks aims at the international registration is ________

Correct : D. The Madrid Agreement

20. International Bureau of World Intellectual Property Organisation is ________

Correct : B. Geneva

21. _________ Involves infringement of a patent or trade mark.

Correct : A. Counter feiting

22. _______ is an unintented channel of distribution that runs parallel to the planned channel.

Correct : C. Gray Market

23. ___________ concentrates on the analysis of market, competition and financial strength of a company.

Correct : B. Cost benefit analysis

24. _________ analysis studies the impact of various environmental factors on the marketing mix.

Correct : B. Risk reward analysis

25. __________ is subjective in nature

Correct : D. Cultural

26. __________ is a set of traditional beliefs and values which are passed and shared among different societies

Correct : C. Socio - cultural environment

27. __________ is the foundation of culture

Correct : A. Language

28. E.E.C stands for

Correct : B. European Economic Community

29. E.E.C. is also known as ________

Correct : D. European Common Market

30. ECM was brought into being __________

Correct : C. 1 Jan, 1958

31. World's largest trading Block is ______

Correct : D. ECM

32. NAFTA mean __________

Correct : A. North American Free Trade Agreement

33. NAFTA is a series of bilateral agreement between America, Canada and _________

Correct : B. Mexico

34. SAARC association brings together __________ countries of South Asia for regional co-operation.

Correct : C. 7

35. The head quarters of SAARC in _______

Correct : D. Kathmandu

36. ________ was commenced on January 1, 1994

Correct : A. NAFTA

37. ______________ is a bilateral trade agreement between two countries.

Correct : B. Counter trade

38. _______ is the process of convincing the various powerful elements of the environment to act in the favour of the organisations.

Correct : C. Lobbying

39. Two or more organisations may merger their organisations to have better control over the environment as various resources are pooled together is __________

Correct : D. Coalescing

40. _________ was a Multilateral treaty encompassing rules and disciples for an orderly world trading system.

Correct : A. GATT

41. __________ means each nation shall be treated as well, as the most favoured nation.

Correct : B. MFN

42. Trade in Textile was restricted by _________

Correct : C. MFA

43. __________ is known a neo-liberalism

Correct : A. Globaluation

44. ________ refers to a process of increasing economic integration and growing economic interdependence between countries in the world economy.

Correct : C. Globalisation

45. _________ means acceptance of an outward looking policy of economic development in place of an inward – looking one.

Correct : C. Globalisatiion

46. ESCAP stands for _______

Correct : A. Economic and Social Commission for Asia and the Pacific

47. __________ is a method of doing business by which a franchisee is granted the right to offer, sell or distribute goods or service under a system created by the Franchisee.

Correct : D. Franchising

48. ________ means setting a products a company to its affiliated company in host country.

Correct : B. Intra corporate transfer

49. BOT means ____________

Correct : C. Build, operation and Transfer

50. FERA was replaced by _______

Correct : A. FEMA

51. WTO was setup in ______

Correct : A. 1995

52. ________ is the process of contracting with foreign firms granting them proprietary right to use technology, copyrights, trade marks, brand names etc.

Correct : B. Licensing

53. __________ arrangement is also known as cross licensing

Correct : A. Licensing

54. A company doing international marketing contracts with a foreign producer to manufacture or assemble the products for a sale in the foreign market is ________

Correct : B. Contract Manufacturing

55. _________ are therefore arrangement where by for a fee, one company provides personnel to perform general specialised management functions for another company.

Correct : D. Management contract

56. _________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing or business or service facility and turn the project to the purchaser ready for operation for a remuneration.

Correct : C. Turnkey contracts

57. __________ is part of the parent corporation and simply an extension of domestic operation.

Correct : B. Overseas branch

58. _________ is a separate company organised under a foreign nations legal code with accountability distinct from the parent company.

Correct : A. Foreign subsidiary

59. _________ is a peculiar form of international trade that encompasses more than an exchange of goods services or idea for money.

Correct : C. Counter Trade

60. __________ of economic policy is intended to promote the integration of Indian economy with the global economy.

Correct : B. Liberalisation

61. _________ is an enterprise which allocates company resources without regards to national frontiers, but is nationally based in terms of ownership and top management.

Correct : A. MNC

62. __________ conference of 1944 suggested institutional arrangements to undertake post wear reconstruction of global economy.

Correct : C. Brotton woods

63. The GATT agreement had been signed by governments known as _____

Correct : D. Contracting Parties

64. Article XIX of the GATT provided ________

Correct : B. Emergency safeguard code

65. GATT agreements as modified by the _______agreement

Correct : C. Uruguay Round

66. _____________ is in fact, policeman of global trade.

Correct : D. WTO

67. _______ is the Supreme Authority of the WTO

Correct : B. Ministerial conference

68. Council for Trade in Goods, Services and Intellectual property Rights, Council for Trade Related intellectual property Rights are the three council in General council of _________

Correct : A. WTO

69. The Secretariat of the WTO is headed by the _______

Correct : C. Director General

70. ____________ is a permanent institution with its own Secretariat.

Correct : A. WTO

71. GATT was applied on a _________

Correct : B. Provisional basis

72. The agreement of patent protection for _______

Correct : A. 20 years

73. Plurilateral Trade Agreement was done at Ganeva in ______

Correct : B. April 1979

74. NIEO means_________

Correct : A. New International Economic Order

75. __________ is the effect International Trade has a detrimental effect on under developed countries

Correct : C. Demonstration effect

76. The manor attributes of international financial system are knowledge, certainty and _________

Correct : B. Predictability

77. _________ established a mechanism where by their local currencies are kept equal in value to gold and to each other.

Correct : D. International Gold standard

78. IMF was organised in ________

Correct : B. `1946

79. Member's Gold Subscription + Credit extended by the member through the fund to other members _________

Correct : A. Gold Tranche

80. ___________ was introduced in 1969

Correct : C. Buffer stock facility

81. In the form of pound sterling and U.S. dollars, these two currencies were known as __________

Correct : A. Reserve currencies

82. SDR was approved in _________

Correct : C. 1967

83. __________ will include interest and amortization payment, put a strain on future balance of payments

Correct : B. Debit servicing charges

84. India is _________ place in IMF General Quota

Correct : D. 13th

85. ___________ are also known as International Bank for Reconstruction and Development.

Correct : C. World Bank

86. _________ is the Supreme governing authority of World Bank.

Correct : C. The Board of Governors

87. _________ becomes the Ex-officio Chairman of World Bank.

Correct : D. The President

88. __________ is responsible for the conduct of the ordinary business of the bank and its organisation

Correct : B. The President

89. In the day to day administration the Board delegates its power to ___________

Correct : D. The Executive Directors

90. ADB was setup in ________

Correct : C. 1966

91. The headquarters of ADB is _________

Correct : B. Manila

92. The highest policy making body of the ADB is __________

Correct : A. Board of Governors

93. To take decisions of loan application in ADB by

Correct : B. Board of Directors

94. The President elected for a term __________ in ADB

Correct : C. 5 Years

95. _________ is also known as the European Common Market.

Correct : A. EEC

96. _________ is the most successful of the integration schemes.

Correct : A. ECM

97. __________ is the World's largest trading block

Correct : B. EEC

98. GATT was replaced by the WTO on _________

Correct : D. 1 Jan. 1995

99. Under _________ approach companies view the entire world as a single country.

Correct : A. Geocentric

100. Companies establish foreign subsidiary and empowers its executives is _________

Correct : C. Poly centric