71
Arrange the following in correct sequence of import procedure.
A)
1, 2, 4, 3, 5, 6
B)
1, 2, 3, 4, 5, 6
C)
1, 3, 2, 4, 5, 6
D)
1, 4, 2, 3, 5, 6
Answer & Solution
Answer: Option
B
72
When foreign companies undertake activities that are not similar but related to the key activities performed by the home country company, it is termed as
A)
vertical FDI
B)
horizontal FDI
C)
conglomerate FDI
D)
None of the above
Answer & Solution
Answer: Option
A
73
Which of the following are covered under TRlPS agreement?
A)
patents, designs, trademarks, copyrights
B)
Geographical Appellations of Origin
C)
Trade Secrets and Layout of Integrated Chips
D)
All of the above
Answer & Solution
Answer: Option
D
74
Regional trading block agreement among USA, Canada and Mexicois formed and named by which one of the following?
A)
North American Free Trade Region
B)
North American Free Trade Agreement
C)
North and Central American Free Trade Agreement
D)
North American Free and Tariff Trade Agreement
Answer & Solution
Answer: Option
B
75
Which of the follwing statements are correct with respect to exporting?
A)
Large scale operations
B)
Integration of economies
C)
Dominated by MNCs and developed nations
D)
All of the above
Answer & Solution
Answer: Option
D
76
Which of the following are the principles of WTO?
A)
MFN
B)
National Treatment
C)
Free Trade
D)
All of the above
Answer & Solution
Answer: Option
D
77
An attribute that doesn't contribute to Porters Diamond model is
A)
government
B)
organised trade union
C)
factor conditions
D)
demand conditions
Answer & Solution
Answer: Option
B
78
A widely used indicator to differentiate developed countries from developing countries is
A)
international trade per capita
B)
real income per capita
C)
unemployment per capita
D)
calories per capita
Answer & Solution
Answer: Option
B
79
Which of the following are major objectives that engage companies in international business?
A)
To expand sales
B)
To acquire resources
C)
To diversify sources ofsales and supplies
D)
All of the above
Answer & Solution
Answer: Option
D
80
With regard to the WTO, subsidies are covered in two separate international economic law agreements. Which are they?
A)
The GATI and the Agreement on Subsidies and Countervailing Measures
B)
The Reform Treaty and the Treaty of Rome
C)
The North American Free Trade Agreement and the Organisation ofAmerican States Charter
D)
The International Monetary Fund's Articles of Agreement and the European Central Bank's Statute
Answer & Solution
Answer: Option
A
