NCERT MCQ ON International Business-II:
Q.1 Which one of the following is not a part of export documents?
(a) Commercial invoice
(b) Certificate of origin
(c) Bill of entry
(d) Mate’s receipt
Answer
(c) Bill of entry
Q.2 Which of the following do not form part of duty drawback scheme?
(a) Refund of excise duties
(b) Refund of customs duties
(c) Refund of export duties
(d) Refund of income dock charges at the port of shipment
Answer
(d) Refund of income dock charges at the port of shipment
Q.3 Which of the following documents are not required for obtaining an export license?
(a) IEC number
(b) Letter of credit
(c) Registration cum membership certificate
(d) Bank account number
Answer
(b) Letter of credit
Q.4 The first phase of globalization started around 1870 and ended with___________
(a) World War I
(b) World War II
(c) The Establishment of GATT
(d) In 1913 when GDP was High
Answer
(a) World War I
Q.5 Which of the following does not belong to the World Bank group?
(a) IBRD
(b) IDA
(c) MIGA
(d) IMF
Answer
(d) IMF
Q.6 Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper’s name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
(a) Shipping bill
(b) Packaging list
(c) Mate’s receipt
(d) Bill of exchange
Answer
(d) Bill of exchange
Q.7 _______ is only a legal agreement and it is not an institution, but ________ is a permanent institution.
(a) GATT, WTO
(b) WTO, GATT
(c)WTO, IMF
(d) IMF, GATT
Answer
(a) GATT, WTO
Q.8 _________corporation produces in the 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
Answer
(a) Global
Q.9 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) marketing activities and plans
Q.10 Comparative Cost Trade Theory is given by
(a) Adam Smith
(b) David Ricardo
(c) Gottfried Haberler
(d) Heckscher Ohlin
Answer
(b) David Ricardo
Q.11 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) A more integrated and interdependent world
Q.12 Capitalistic, communistic and Mixed are the types of
(a) Economic System
(b) Social System
(c) Cultural Attitudes
(d) Political System
Answer
(a) Economic System
Q.13 Which of the following documents is not required in connection with an import transaction?
(a) Bill of lading
(b) Shipping bill
(c) Certificate of origin
(d) Shipment advice
Answer
(c) Certificate of origin
Q.14 SMEs stands for:
(a) Small and Medium Entrepreneurs
(b) Small Management of Enterprises
(c) Small and Medium-sized Enterprises
(d) Societies for Managing Exports
Answer
(c) Small and Medium-sized Enterprises
Q.15 MNC Stands for
(a) Multi-National Cooperation
(b) Multi-National Corporation
(c) Multi-National Company
(d) Multi-National Collaboration
Answer
(b) Multi-National Corporation
Q.16 IPR stands for
(a) Intellectual property rights
(b) International property rights
(c) Internal promotion rights
(d) Interior promotional rights
Answer
(a) Intellectual property rights
Q.17 WTO stands for
(a) World technology association
(b) World time organization
(c) World trade organization
(d) World tourism organization
Answer
(c) World trade organization
Q.18 Subsidiaries consider the regional environment for policy / Strategy formulation is known as
(a) Polycentric Approach
(b) Regiocentric Approach
(c) Ethnocentric Approach
(d) Geocentric Approach
Answer
(b) Regiocentric Approach
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