According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
1.Gold Theory
2.Ricardo Theory
3.Mercantilism
4.Hecksher Theory
…….is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
1.Bill of Lading
2.Letter of Credit
3.Open Account
4.Drafts
………is the application of knowledge which redefines the boundaries of global business
1.Cultural Values
2.Society
3.Technology
4.Economy
IBRD (International Bank for Reconstruction and Development) also known as
1.Exim Bank
2.World Bank
3. International Monetary fund
4.International Bank
Which one of the following is not amongst India’s major trading partners?
1.USA
2.UK
3.Germany
4.New Zealand
NAFTA stands for
1. North African trade association
2.North American free trade agreement
3.Northern Atlantic trade agreement
4.Northern association for trade
Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
1.Licensing
2.Franchising
3.Contract manufacturing
4.Joint venture
Select example of Indian Multinational Company
1.Hindusthan Unilever
2.Videocon
3.Cargill
4.Tesco
The —————- company produces, markets, invests and operates across the world
1. Global
2.International
3.Transnational
4.Multinational
The main promoter of trade liberalization was
1.GATT
2.NAFTA
3.CEPTA
4. CISA
The OECD stands for:
1.Organization for Economic Co-operation and Development
2.Organization for Economic Coordination and Development
3.Organization for Environmental Cooperation and Development.
4. Organization for Environmental Control and Development
The Theory of Relative Factor Endowments is given by
1.David Ricardo
2.Adam Smith
3.F W Taussig
4.Ohlin and Hecksher
The WTO was established to implement the final act of Uruguay Round agreement of ……
1.MFA
2.GATT
3.TRIP’s
4.UNO
Which is not an Indian Multinational Company?
1.Unilever
2.Asian Paints
3. Piramal
4.Wipro
Which is the right sequence of stages of Internationalization
1.Domestic, Transnational, Global, International, Multinational
2.Domestic, International, Multinational, Global, Transnational
3.Domestic, Multinational, International, Transnational, Global
4.Domestic, International, Transnational, Multinational, Global
Which of the following is not a force in the Porter Five Forces model?
1. Buyers
2.Suppliers
3.Complementary products
4.Industry rivalry
Which of the following is not an advantage of exporting?
1.Easier way to enter into international markets
2.Comparatively lower risks
3.Limited presence in foreign markets
4.Less investment requirements
Which one of the following is not amongst India’s major export items?
1.Textiles and garments
2.Gems and jewellery
3.Oil and petroleum products
4.Basmati rice
Which one of the following is not amongst India’s major import items?
1.Ayurvedic medicines
2.Oil and petroleum products
3.Pearls and precious stones
4.Machinery
Which one of the following modes of entry permits greatest degree of control over overseas operations?
1.Licensing/franchising
2.Wholly owned subsidiary
3.Contract manufacturing
4. Joint venture
_____ is the first step in the internationalization process.
1.License
2.Foreign Investment
3.Sales
4.Export