Indias foreign Trade MCQ with Answers

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Online MCQ Quiz of Indias foreign Trade

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India's foreign Trade

1 / 20

Q: Ownership of intellectual property is recognized in law by granting

A. Licenses.

B. Patents.

C. Copyrights.

D. Patent, copyright or trademark as appropriate.

2 / 20

Q: Monetary policy relates to controlling

A. money supply.

B. money supply and interest rate.

C. money supply, interest rate and exchange rate.

D. credit creation by banks.

3 / 20

Q: A country in the stage of traditional society is characterized by

A. existence of traditional rule.

B. non existence of industries.

C. predominance of agriculture.

D. complete absence of literacy.

4 / 20

Q: According to economic growth model of Rostow, passage of a country through the stages is

A. in the order specified.

B. in any order.

C. in the order specified, but certain stages may be skipp

5 / 20

Q: Lower power distance countries are characterized by

A. relationships based on equality and informality.

B. authority being accepted without question.

C. managers being paternalistic.

D. tall organizations structure.

6 / 20

Q: Social mobility is measured by

A. The extent to which an individual can move the strata to which he/she belongs.

B. The promptness with which an individual accepts foreign assignments.

C. The extent to which inter- caste marriage is encouraged by the society.

D. The extent to which the society as a whole shifts its habitat.

7 / 20

Q: Social stratification is done based on

A. Income level.

B. caste.

C. education.

D. any of the above.

8 / 20

Q: Religion of a person affects his/her

A. attitude towards entrepreneurship.

B. gifting practices.

C. use of products.

D. all of the above.

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Q: Non- verbal communication

A. includes written communication.

B. has no place in international business.

C. includes body language.

D. should be learnt by business managers to communicate with foreigners.

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Q: Uneven distribution of natural resources

A. is the only cause for international business.

B. is the major factor for international business.

C. is among the major factors for international business.

D. is not a cause for international business.

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Q: India is an

A. Emerging economy

B. Developed economy

C. Less developed economy

D. None of these

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Q: Capitalistic, communistic and mixed are the types of

A. Economic system

B. Political system

C. Social System

D. Cultural Attitudes

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Q: ___is application of knowledge which redefine the boundaries of global business

A. Cultural Values

B. Society

C. Technology

D. Economy

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Q: The theory of Comparative cost advantage is given by

A. Porter

B. Adam Smith

C. Varnoon

D. D.Richardo

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Q: Identify a factor that doesn't play an important role in attracting FDI

A. Laws, rule sand regulations

B. Administrative procedures and efficiency

C. Infrastructure related factors

D. Language

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Q: Professional culture refers to

A. Shared belief of top managers about how they should manage themselves and their employees

B. Shared code of ethics and other commonalities shared by members of a given group

C. Both (a) and (c)

D. None of the above

17 / 20

Q: A Most Favoured nation status doesn't necessarily refer to

A. Same and equal economic treatment

B. Non-discriminatory treatment

C. Same tariff rates applicable

D. Uniform civil code

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Q: Which organisations strain on the liberalisation of foreign investment and foreign trade?

A. international monetary fund

B. world health organisation

C. world trade organisation

D. international labour organisation

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Q: A country records its international finance accounts in it's

A. balance of payments accounts.

B. import/export log accounts.

C. trade payments accounts.

D. net exports payments account.

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Q: The main reason behind MNCs investments are

A. to benefit foreign countries

B. to provide financial support to the country's government

C. for the welfare of underprivileged people.

D. to increase the assets and earn profits.

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