Questions on IB.

1. 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
Ans: a
2. IBRD (International Bank for Reconstruction and Development) also known as
a. Exim Bank
b. World Bank
c. International Monetary fund
d. International Bank
Ans: b
3. Ultimately ………………was replaced by the …………….on 1st Jan 1995
a. GATS, WTO
b. WTO, GATT
c. GATT, WTO
d. IMF, GATT
Answer: c
4. Which is the right sequence of a stages of Internationalization
a. Domestic, Transnational, Global, International, Multinational
b. Domestic, International, Multinational, Global, Transnational
c. Domestic, Multinatinal, International, Transnational, Global
d. Domestic, Internatinal, Transnational, Multinational, Global
Answer: b
5. Subsidiaries consider regional environment for policy  / Strategy formulation is known as
a. Polycentric Approach
b. Regiocentric Approach
c. Ethnocentric Approach
d. Geocentric  Approach
Answer: b
6. According to this theory the holdings of  a country’s treasure primarily in the form of gold constituted its wealth.
a. Gold Theory
b. Ricardo Theory
c. Mercantilism
d. Hecksher Theory
Answer:c
7. The Theory of Absolute Cost Advantage is given by
a. David Ricardo
b. Adam Smith
c. F W Taylor
d. Ohlin and Heckscher
Answer:b
8. The Theory of Relative Factor Endowments is given by
a. David Ricardo
b. Adam Smith
c. F W Taussig
d. Ohlin and Hecksher
Answer: d
9. The theory of Comparative cost advantage is given by
a. David Ricardo
b. Adam Smith
c. F W Taussig
d. Ohlin and Hecksher
Answer: a
10. ……………is application of knowledge which redefine the boundaries of global business
a. Cultural Values
b. Society
c. Technology
d. Economy
Answer:c
11. Capitalistic, communistic and Mixed are the types of
a. Economic System
b. Social System
c. Cultural Attitudes
d. Political System
Answer:a
12. Which is not an Indian Multinational Company?
a. Unilever    
b. Asian Paints
c. Piramal
d. Wipro
Answer: a
13. Globalization refers to:
a)  Lower incomes worldwide
b) Less foreign trade and investment
c) Global warming and their effects
d) A more integrated and interdependent world
Answer: d
14. Which of the following is not a force in the Porter Five Forces model?
a. Buyers
b. Suppliers
c. Complementary products    
d. Industry rivalry
Answer:c
15. Comparative Cost Trade Theory is given by
a. Adam Smith
b. David Ricardo
c. Gottfried Haberler
d. Heckscher Ohlin
Answer: b
16. …….is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
a. Bill of Lading
b. Letter of Credit
c. Open Account
d. Drafts
Answer: b
17. Key controllable factors in global marketing are:
a. Government policy and legislation
b. social and technical changes
c. marketing activities and plans
d. all of the above.
Answer: c
18. Select example of Indian Multinational Company
a. Hindusthan Unilever
b. Videocon
c. Cargill
d. Tesco
Answer:b
Multinational Corporations
19. …………………corporation produces in home country or in a single country and focuses on marketing these products globally or vice a versa.
a. Global
b. International
c. Transnational
d. None of the above
Ans: a
20. —————-comapny produces, markets, invests and operates across the world
a. Global
b. International
c. Transnational
d. Multinational
Ans: c
21. …..is only a legal agreementand it is not an institution, but ….. is a permanent institution.
a. GATT, WTO
b. WTO, GATT
c.WTO, IMF
d. IMF, GATT
ans: a
22. The WTO was established to implement the final act of Uruguay Round agreement of ……
a. MFA
b. GATT
c. TRIP’s
d. UNO
Ans: GATT
23. WTO stands for
a. World technology association
b. World time organization
c. World trade organization
d. World tourism organization
Ans: c
24. NAFTA stands for
a. North African trade association
b. North American free trade agreement
c. Northern Atlantic trade agreement
d. Northern association for trade
Ans: b
25. IPR stands for
a. Intellectual property rights
b. International property rights
c. Internal promotion rights
d. Interior promotional rights
Ans: a
26. The main promoter of trade liberalization was
a. GATT
b. NAFTA
c. CEPTA
d. CISA
Ans. a. GATT
27. MNC Stands for
a. Multi National Coopertion
b. Multi National Corporation
c. Multi Nation Company
d. Multi National Collaboration
Ans: a
28. _______ is the first step in the internationalization process.
a. License
b. Foreign Investment
c. Sales
d. Export
29. SMEs stands for:
a. Small and Medium Entrepreuners
b. Small Management of Enterprises
c. Small and Medium-sized Enterprises.
d. Societies for Managing Exports
30. The OECD stands for:
a. Organization for Economic Cooperation and Development
b. Organization for Economic Coordination and Development
c. Organization for Environmental Cooperation and Development.
d. Organization for Environmental Control and Development

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