1. _________ theory suggests for maintaining favourable balance of
trade in the form of import of gold for export of goods and services.
Correct : B. Mercantilism
2. _________ is the application of knowledge which redefine the
boundaries of global business.
Correct : D. Technology
3. _________ is a form of licensing
Correct : A. Franchising
4. _________ is the long term contracting out of non-core business
processes to an outside to help achieve increased share holder value
Correct : B. BPO
5. A _________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing/business service facility and turn the project over to the purchaser when it is ready for operation for a remuneration.
Correct : C. Turnkey project
6. First WTO Ministerial conference held in _________
Correct : B. Singapore
7. In WTO _________ is the highest hierarchical level in the organizational structure.
Correct : D. Ministerial conference
8. _________ 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.
Correct : A. Dumping
9. When the production of a product is more than the demand in the
home country, the stocks piled up even after sales is _________
Correct : C. Intermittent Dumping
10. The monopolist sells the remaining production in foreign countries at a
low price continuously in _________
Correct : B. Persistent Dumping
11. 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 _________
Correct : A. Predatory dumping
12. India was one of the _________ Governments that become members
of the WTO on the first day of the formation of the WTO
Correct : C. 76
13. EU Council Committee is also called _________
Correct : A. Corper
14. The Corper is the link between the EU and _________
Correct : D. Member Governments
15. The North American Free Trade Agreement (NAFTA) came into
being on _________
Correct : C. 1 Jan. 1994
16. In the year 1989 _________ was established
Correct : B. APEC
17. _________ is expected to eliminate all tariffs and trade barriers among
the USA, Canada and Mexico.
Correct : D. EEC
18. OPEC means _________
Correct : A. Organisation of Petroleum Exporting Countries
19. The remaining balance of quota, after drawing 25% of reserve trench
is called _________
Correct : B. Credit trench
20. The short fall of the member's currency with fund over its quota is
called _________
Correct : C. Reserve trench
21. _________ are popularly known as "Paper Gold".
Correct : D. Special Drawing Rights
22. _________ is popularly known as World Bank
Correct : A. IBRD
23. IDA was established primarily to provide finance to less developed
member countries on a _________ basis.
Correct : B. Soft loan
24. IDA loans are known as _________
Correct : A. IDA credit
25. The first conference of the UNCTAD was held in _________
Correct : C. Geneva
26. The product is sold at a high price in international markets and at a
low price in the domestic market is called _________
Correct : A. Reverse dumping
27. _________ is an arrangement to pay for import of goods and services
with something other than cash.
Correct : B. Counter Trade
28. _________ is goods - for - goods deal
Correct : C. Counter Trade
29. Privatisation may be effected in the form of _________
Correct : C. Dis-investment
30. The industrial policy of the Government of India was declared by
_________
Correct : D. Jawaharlal Nehru
31. The Industrial Policy Resolution 1956 was known as _________
Correct : C. Economic Constitution of India
32. _________ consisted of 17 industries and future development of the
industry, it is to be excluded responsibility of the state
Correct : B. Schedule A
33. The organization is said to be when some sudden and unpredictable
changes take place is called _________
Correct : D. Turbulent environment
34. In an organisation, changes occur slowly but threat occurs in cluster is
called _________
Correct : A. Placid - clustered environment
35. _________ is a device used to establish a set of priorities for using the
organization’s scarce resources
Correct : B. Rationing
36. _________ is the process of convincing the various powerful elements
of the environment to act in the favour of the organisations.
Correct : C. Lobbying
37. _________ is an open forum of government
Correct : D. Parliamentary system
38. _________ is an unintended channel of distribution that runs parallel
to the planned channel.
Correct : A. Gray market
39. Culture is _________
Correct : D. All of the above
40. ________ is a series of bilateral agreement between America, Canada
and Mexico
Correct : C. NAFTA
41. ______ agreement as modified by the Bretton wood agreement.
Correct : C. GAAT
42. _________ means replacement of existing non-tariff restriction on trade
such as import quotas.
Correct : A. Tariffication
43. The import aspects of the UR agreement on agriculture include
Tariffication, Tariff binding, Tariff cuts and _________
Correct : C. Reduction in subsidies and
44. The combined package of trade rules and Tariff concessions became
known as the _________
Correct : B. GATT
45. _________ may be defined as "information with a commercial value".
Correct : D. IPRS
46. Creators can be given the right to prevent others from using their
inventions, designs or other creations is known as _________
Correct : C. IPRS
47. _________ was a set of rules and multilateral agreement
Correct : C. GAAT
48. In TRIPS, a patent would be applicable for _________
Correct : B. 20 years
49. GATS covers which of the following?
Correct : D. All the above
50. WTO Anti-dumping agreement doesn't have _________
Correct : C. rules for setting disputes related to restrictive quota practices
51. The time limit specified by the Agreement on import licensing for the agencies to deal with the procedure.
Correct : B. 30 days
52. The rules and commitment of Agreement on Agriculture apply to _________
Correct : D. All the above
53. _________ duties can be imposed of a product is dumped in the importing country at less than its normal value provided it causes material injury to the domestic industry.
Correct : B. Anti-dumping
54. _________ are maximum tariffs imposed by the member countries of
WTO.
Correct : D. Bound rates
55. The fundamental principles of GATT was
Correct : B. National Treatment
56. Anti-dumping and countervailing duties are imposed under _________
Correct : A. Customs Tariff Act 1975
57. Bhutan has Bilateral Trade Agreement with _________
Correct : D. India
58. FMCG means
Correct : A. Fast Moving Consumer Goods
59. Copyright means the exclusive right to do or authorize others to do certain acts in relation to _________
Correct : D. All the above
60. Which one of the following is the function of trade mark
Correct : D. All the above
61. _________ is the art and other manifestations of human customs,
civilization and the way of life a particular society or group.
Correct : A. Culture
62. The cultural habit of firm hand-shake is associated with the culture of
_________
Correct : A. US
63. The Highest Hofstadter Dimension for a culture is _________
Correct : B. PDI
64. A separate Bilateral NAFTA on market access for agricultural
products with Canada and _________
Correct : C. Mexico
65. The SAARC countries comprise _________
Correct : B. Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka
66. _________ provides a platform for the peoples of South Asia to work
together in a spirit of friendship trust and undertaking.
Correct : C. SAARC
67. ASEAN established on 8 August 1967 in _________
Correct : C. Bangkok
68. ASEAN was established by the five original member countries are
_________
Correct : A. Indonesia, Malaysia, Philippines, Singapore and Thailand
69. The exchange rate system under the IMF came to be known as
_________
Correct : D. Breton Wood System
70. _________ were created as a reserve asset by the IMF
Correct : B. SDR
71. The _________ of a country refers to the systematic record of all receipts and payments between residents of the country and nonresidents over a period of time.
Correct : C. BOP
72. Holding _________ gives the bearer the option to acquire foreign
exchange from the monetary authorities of another member of the IMF
Correct : A. SDR
73. Which of the following is a form of contractual agreement _________
Correct : D. Both a and b
74. Build, operate and transfer is the basic principle of _________
Correct : B. Turnkey projects
75. Which of the following is not a joint venture?
Correct : C. Strategic alliance
76. _________ allows a company to conduct business in another country
whose laws discourage foreign ownership
Correct : B. Licensing
77. Which country is known for group harmony and collectivism?
Correct : D. Japan
78. Globalization is based on the theory of
Correct : C. Free trade and comparative advantage
79. The process of globalization of the economy refers to _________
Correct : A. Removal of restrictions on foreign trade and foreign investment
80. The member countries of WTO have moved to "Product Patent
Regime" under _________
Correct : B. TRIPS
81. Contract Manufacturing is a form of _________
Correct : D. Joint venture
82. GATS operates on _________ levels
Correct : D. 3
83. _________ is the first ever set of multilateral, legally enforceable rules
covering international trade in services.
Correct : A. GATS
84. _________ means treating one's trading equally
Correct : C. MFN
85. MFA was replaced on 1 Jan. 1995 by _________
Correct : B. ATC
86. Removal of QRS means _________
Correct : B. An item can be imported without import license or quotas
87. India has Bilateral Trade Agreement with _________
Correct : D. Bhutan
88. _________ transfers are selling of products by a company to its
affiliated company in host country.
Correct : C. Intra-corporate
89. _________ is the long term contracting out of non-core business processes to an outside provider to help achieve increased shareholder value.
Correct : A. BPO
90. WTO members abolished quotas on trade in _________
Correct : B. Textiles and clothing
91. ___________ operates as a co-operative, multi-lateral, economic and trade forum.
Correct : B. APEC
92. _______ is the fastest growing trading bloc in the world.
Correct : A. MERCOSUR
93. Marketing forces to determine the exchange rate of currencies under
______.
Correct : C. Floating rate system
94. _______ is called the soft loan window of the IBRD.
Correct : B. IDA
95. _____ is a joint venture of IBRD and IFC.
Correct : D. MIGA
96. _____ promotes the development friendly integration of developing
countries into the world economy.