QN01. Voluntary export restraint is
- Tariff barrier
- Non- tariff barrier
- Both tariff and non- tariff barrier
- Not a trade barrier
Answer
(B)Non- tariff barrier
QN02. Computer programs are protected as
- Copy rights
- Trademarks
- Patents
- Industrial design
Answer
(A)Copy rights
QN03. Which of the following statement is true?
- The payment of interest is considered illegal by Islam
- The payment of interest is considered legal by Islam
- Alcohol consumption is considered legal by Islam
- Women entrepreneurs are encouraged
Answer
(A)The payment of interest is considered illegal by Islam
QN04. The least demanding targeting strategy in international marketing is
- focused
- differentiated
- concentrated
- undifferentiated
Answer
(D)undifferentiated
QN05. Analyzing processes of change in the business environment involves conceptualizing it as
- Complex
- Static
- Dynamic
- Diverse
Answer
(D)Diverse
QN06. A philosophy of freedom of an individual in the economic and political pursuits is
- Collectivism
- Individualism
- Socialism
- Democracy
Answer
(D)Democracy
QN07. The exclusive legal right of authors. Composers, play writes, artists and publishers to publish and disperse their works is
- Patent
- trade mark
- copy right
- Technology
Answer
(C)copy right
QN08. The requirement imposed by the host country government that gradually ownership and management of the firm transferred to the locals is
- expropriation
- confiscation
- nationalization
- domestication
Answer
(D)domestication
QN09. The abstract ideas about what a group of people and that when taken together constitute a design for living is ______________.
- norms
- values
- attitude
- belief
Answer
(B)values
QN10. The leading continent in international trade in IT products is ______________.
- Asia
- Europe
- America
- Africa
Answer
(D)Africa
QN11. Micro environment consist of ______________.
- suppliers
- competitors
- political
- cultural
Answer
(A)suppliers
QN12. What are the main objectives of Five year plan?
- achieve full employment
- reduce inequalities of income and wealth
- setup a socialist society based on equality
- balanced economy
Answer
(D)balanced economy
QN13. A country with high uncertainty avoidance will witness
- lower level of stress among people
- decision taken as a result of group consensus
- less dependence on rules and regulations
- people are serene
Answer
(B)decision taken as a result of group consensus
QN14. Ethical issues concerning business and public sector organisations exist at three levels.
- Macro, Corporate, Individual
- Corporate, Business, Functional
- Corporate, Functional, Individual
- Business, Family, Individual
Answer
(A)Macro, Corporate, Individual
QN15. The culture of an organisation can be conceived as consisting of layers.
- Values; beliefs; behaviours; and taken-for-granted assumptions
- Values; beliefs; tasks, objectives
- Beliefs; tasks; personalities
- Individual; functional; organisational
Answer
(A)Values; beliefs; behaviours; and taken-for-granted assumptions
QN16. What 1997 treaty adopted a complex formula for greenhouse emissions to 1990 levels in the global north?
- Kyoto protocol
- UNEP
- framework convention on climate change
- UNCLOS III Montreal Protocol
Answer
(B)UNEP
QN17. The rate of increase in the air pollution is, ______________.
- 4 per cent
- 5 per cent
- 6 per cent
- 7 per cent
Answer
(A)4 per cent
QN18. International business does not result in the following
- Innovation is encouraged
- International cooperation is encouraged
- Imports are rendered cheap
- Consumption is minimized
Answer
(D)Consumption is minimized
QN19. Wholly owned subsidiary can be set up
- as a Greenfield venture
- to acquire an existing firm
- to have products marketed overseas
- to have management is overseas
Answer
(A)as a Greenfield venture
QN20. The following statement with respect to culture is false
- Culture is enduring
- Culture is changing
- Culture is evolved among the members of a society
- Culture is determined by national boundaries
Answer
(D)Culture is determined by national boundaries
QN21. One of the following does not represent a general market risk in the internationalization process
- petition from other organizations in foreign markets
- lack of tax incentives for organizations that export
- language and cultural differences
- complexity of shipping services to overseas buyers
Answer
(A)petition from other organizations in foreign markets
QN22. Export control refers to restrictions on
- Domestic firms from engaging in exports
- Items that can be exported from the country
- Foreign countries exporting to the country
- Domestic firms engaging in trade with nation
Answer
(B)Items that can be exported from the country
QN23. Judgments are based on detailed codes, rather than precedents under
- Common law
- Civil law
- Theocratic law
- English law
Answer
(B)Civil law
QN24. Globalisation of markets has brought about economies of
- scale in production
- distribution and marketing
- management
- all business operations
Answer
(D)all business operations
QN25. Which of the following is not an element of culture?
- Tax law
- Language
- Traditions
- Art
Answer
(B)Language
QN26. The law based on the tradition of a precedent and custom is
- civil law
- criminal law
- common law
- religious law
Answer
(C)common law
QN27. Religion of a person affects his/her
- attitude towards entrepreneurship
- gifting practices
- use of products
- all of the above
Answer
(D)all of the above
