MCQOPTIONS
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MCQOPTIONS
This section includes 1234 Mcqs, each offering curated multiple-choice questions to sharpen your Teaching knowledge and support exam preparation. Choose a topic below to get started.
| 951. |
India is the ......... member of IMF. |
| A. | Progressive |
| B. | founder |
| C. | Additional |
| D. | active |
| Answer» C. Additional | |
| 952. |
Countries who are eligible for both IDA assistance due to low per capita income and credit worthy for some IBRD borrowing are called |
| A. | Conditional borrower |
| B. | Blend borrowers |
| C. | Participating borrowers |
| D. | None of the above |
| Answer» C. Participating borrowers | |
| 953. |
Arrange the following steps of export procedure in chronological order. I. Proforma generation II. Order acceptance III. Enquiry IV. Order placement Codes |
| A. | III, I, IV, II |
| B. | I, II, III, IV |
| C. | IV, III, II, I |
| D. | II, IV, III, I |
| Answer» B. I, II, III, IV | |
| 954. |
Arrange the following steps of import procedure in chronological order. I. Receipt of shipment advice II. Appointing C and F agents III. Receipt of documents IV. Dispatching a letter of credit Codes |
| A. | III, II, IV, I |
| B. | IV, II, I, III |
| C. | III, II, I, IV |
| D. | II, I, IV, III |
| Answer» C. III, II, I, IV | |
| 955. |
Wholesalers bear lots of risks such as |
| A. | risk of fall in prices |
| B. | theft |
| C. | spoilage |
| D. | All of the above |
| Answer» E. | |
| 956. |
Which service is offered to manufacturers by wholesalers? |
| A. | Facilitating large scale production |
| B. | Bearing risk |
| C. | Financial assistance |
| D. | All of the above |
| Answer» E. | |
| 957. |
Wholesalers provides services to |
| A. | Manufacturers |
| B. | retailers |
| C. | Both and |
| D. | None of the above |
| Answer» D. None of the above | |
| 958. |
Arrange the following steps of import procedure in chronological order. I. Trade enquiry. II. Obtaining import license and quota. III. Obtaining foreign exchange. IV. Placing an order. Codes |
| A. | IV, III, II, I |
| B. | II, I, IV, III |
| C. | III, I, IV, II |
| D. | I, II, III, IV |
| Answer» E. | |
| 959. |
_____ is one which can be withdrawn by the issuing bank without the prior consent of the exporter. |
| A. | Documentary letter of credit |
| B. | Revolving letter of credit |
| C. | Clean letter of credit |
| D. | Revocable letter of credit |
| Answer» D. Revocable letter of credit | |
| 960. |
_____price quotation includes the cost of carriage of goods to the station. |
| A. | C and F |
| B. | Station |
| C. | CIF |
| D. | CWO |
| Answer» C. CIF | |
| 961. |
The starting point for any export transaction is |
| A. | Order placement |
| B. | proforma generation |
| C. | enquiry |
| D. | None of the above |
| Answer» D. None of the above | |
| 962. |
Documents used in import trade include |
| A. | Import license |
| B. | dock challan |
| C. | Bill of entry |
| D. | All of these |
| Answer» E. | |
| 963. |
Which of the following is the institution set-up for the promotion of foreign trade? |
| A. | Commodity Boards |
| B. | Export Inspection Council |
| C. | The Board of Trade |
| D. | All of the above |
| Answer» E. | |
| 964. |
Arrange the following in chronological order about acts to regulate industries and foreign exchange in India. I. Foreign Exchange Management Act. II. Industrial Development and Regulation Act. III. Monopolies and Restrictive Trade Practices Act. IV. Foreign Exchange and Regulation Act. Codes |
| A. | III, II, IV, I |
| B. | II, III, IV, I |
| C. | II, IV, III, I |
| D. | I, IV, II, III |
| Answer» C. II, IV, III, I | |
| 965. |
International trade brings developing countries in contact with |
| A. | developed nations |
| B. | modern ideas |
| C. | developing countries |
| D. | substainable growth |
| Answer» B. modern ideas | |
| 966. |
TT means in context of foreign exchange rates. |
| A. | Transaction transfer |
| B. | Telegraphic transfer |
| C. | Telephonic transfer |
| D. | Treasury and token |
| Answer» C. Telephonic transfer | |
| 967. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I WTO is a permanent institution with its own secretarial. Statement II WTO commitments are not permanent. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» D. Statement I is incorrect, but Statement II is correct | |
| 968. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I World Bank offers long term loans to developing countries. Statement II World Bank provides loan for reconstruction and development. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» B. Both Statements .are incorrect | |
| 969. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Each Governor of IMF has got the right of 350 votes. Statement II Each member country of IMF nominates a Governor. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» E. | |
| 970. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I WTO treats foreigners and locals equally. Statement II The WTO dispute settlement system is faster. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» B. Both Statements .are incorrect | |
| 971. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I IDAs Articles of Agreement become effective in 1955. Statement II Both IBRD and IDA run on the same lines. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» E. | |
| 972. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I India is one of the founder members of IMF. Statement II India signed the fund agreements on 27th December, 1945. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» B. Both Statements .are incorrect | |
| 973. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I The importer has to accept the bill and make payment. Statement II The importer has to make payment to other importer. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» D. Statement I is incorrect, but Statement II is correct | |
| 974. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I A specific import license allows imports from any country. Statement II A general import license allows imports from particular country only. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» C. Statement I is correct, but Statement II is incorrect | |
| 975. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Import trade refers to the purchase of goods from a foreign country. Statement II It is better to appoint C and F agents for clearing of goods. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» B. Both Statements .are incorrect | |
| 976. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Imports and Exports (Control) Act, 1947 regulates imports of goods from India. Statement II The starting point for any export transaction is an enquiry. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» E. | |
| 977. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Home trades are subject to agreements like GATT. Statement II In home trade, payments are realised usually before the trade is executed. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» C. Statement I is correct, but Statement II is incorrect | |
| 978. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Both importers and exporters have to prepare several documents. Statements II There is longer time gap between supply of goods and receipt of payment. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» B. Both Statements .are incorrect | |
| 979. |
Match the following List I (Concepts) List II (Features) A. Joint ventures 1. It is one of the significant macro fundamental variable of an economy. B. Foreign trade 2. Its entry is for encouraging the capital market and attract foreign funds in India. C. FIIs 3. It is related to the mechanism of foreign payments. D. Foreign exchange 4. Its purpose is to utilise the special privileges and influence of the local partner. Codes |
| A. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| B. | A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 |
| C. | A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 |
| D. | A\[\to \]1, B\[\to \]4, C\[\to \]2, D\[\to \]3 |
| Answer» D. A\[\to \]1, B\[\to \]4, C\[\to \]2, D\[\to \]3 | |
| 980. |
Foreign exchange and foreign currency in India are governed by |
| A. | SCRA Act |
| B. | Banking Regulation Act |
| C. | FEMA Act |
| D. | SEBI Act |
| Answer» E. | |
| 981. |
Items in the negative list of imports and exports are called |
| A. | Prohibited goods |
| B. | restricted goods |
| C. | Exclusive goods |
| D. | None of the above |
| Answer» B. restricted goods | |
| 982. |
There is a need of foreign trade due to |
| A. | Uneven distribution of natural resources |
| B. | Division of labour and specialisation |
| C. | Differences in economic growth rate |
| D. | All of the above |
| Answer» E. | |
| 983. |
Foreign trade transactions are classified as |
| A. | Import trade |
| B. | entrepot trade |
| C. | Export trade |
| D. | All of these |
| Answer» E. | |
| 984. |
The theory of _____ encourages foreign trade. |
| A. | Absolute advantage |
| B. | comparative cost |
| C. | Opportunity cost |
| D. | None of the above |
| Answer» C. Opportunity cost | |
| 985. |
Governor and Executive Directors of the World Bank representing member countries of......... serve the corporation in similar capacities. |
| A. | WTO |
| B. | IFC |
| C. | RBI |
| D. | IMF |
| Answer» C. RBI | |
| 986. |
IMF has raised the quota and voting share of India, India at the .........place among 184 members of the organisation. |
| A. | 10th |
| B. | 11th |
| C. | 12th |
| D. | 13th |
| Answer» D. 13th | |
| 987. |
Match the following List I List II A. WTO 1. Provides loans to address short-term BoP problems B. RBI 2. Multilateral trade negotiating body C. IMF 3. Facilitating lending and borrowing for reconstruction and development D. IBRD 4. Central Bank of India Codes |
| A. | A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3 |
| B. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| C. | A\[\to \]3, B\[\to \]2, C\[\to \]4, D\[\to \]1 |
| D. | A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 |
| Answer» B. A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 | |
| 988. |
Match the following List I (Organisations) List II (Establishment Years) A. International Finance Corporation 1. 1945 B. International Monetary Fund 2. 1966 C. International Development Association 3. 1956 D. Asian Development Bank 4. 1960 Codes |
| A. | A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 |
| B. | A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 |
| C. | A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 |
| D. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| Answer» C. A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 | |
| 989. |
Match the following List I (Concepts/Organisations) List II (Objectives) A. International Monetary Fund 1. To reduce inequalities both across and within countries. B. International Finance Corporation 2. To minimise imbalance in quantum and duration of international trade. C. Asian Development Bank 3. To assist private enterprises in developing countries by providing them with risk capital. D. International Development Association 4. To faster the economic development of Asian countries. Codes |
| A. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| B. | A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 |
| C. | A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 |
| D. | A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2 |
| Answer» C. A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 | |
| 990. |
Foreign trade is also known as |
| A. | external trade |
| B. | exterior trade |
| C. | extrinsic trade |
| D. | All of these |
| Answer» B. exterior trade | |
| 991. |
Who provides credit facilities to customers? |
| A. | Manufacturers |
| B. | Wholesalers |
| C. | Retailers |
| D. | None of the above |
| Answer» D. None of the above | |
| 992. |
A retailer is a business enterprise that sells goods and services directly to |
| A. | Wholesalers |
| B. | other retailers |
| C. | Customers |
| D. | None of the above |
| Answer» D. None of the above | |
| 993. |
Induction means |
| A. | training |
| B. | promotion |
| C. | incentives |
| D. | introduction |
| Answer» E. | |
| 994. |
Human resource management emphasise. |
| A. | Development of people |
| B. | Punishment of people |
| C. | Adoption of people |
| D. | None of the above |
| Answer» B. Punishment of people | |
| 995. |
Match the following LIST I (Steps of Selection Process) LIST II (Features) A. Preliminary screening 1. Evaluation of the applicants suitability for the job B. Interview 2. Helps the manager to eliminate unqualified or unfit job seekers C. Reference checks 3. Acception of the offer and certain documents by the candidate D. Contract of employment 4. To verily information and gaining additional information about the applicant Codes |
| A. | A4, B3, C2, D1 |
| B. | A3, B1, 1, C4, D2 |
| C. | A2, B1, C4, D3 |
| D. | A2, B3, C4, D1 |
| Answer» D. A2, B3, C4, D1 | |
| 996. |
Employment tests include |
| A. | personality tests |
| B. | aptitude tests |
| C. | Both and |
| D. | None of the above |
| Answer» D. None of the above | |
| 997. |
The external source of recruitment are I. Lay-off II. Casual callers III. Recommendations IV. Campus recruitment Which of the options given above is/are correct? |
| A. | I and II |
| B. | I, II and III |
| C. | I and IV |
| D. | II, III and IV |
| Answer» B. I, II and III | |
| 998. |
Match the following LIST I LIST II A. Job rotation 1. The process of diagnosing present problems and future challenges to be met through training and development B. Needs assessment 2. Moving employees to various position in the organisation to expand their skills, knowledge and abilities C. Job instruction training 3. A broader long- term function educational programme offered to carry out non-technical function more effectively D. Development 4. A systematic approach consisting of preparing the trainees presenting the instruction, having trainee try out the job and placing trainees on the job with a designated resource person Codes |
| A. | A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 |
| B. | A\[\to \]1, B\[\to \]1, 2, C\[\to \]3, D\[\to \]4 |
| C. | A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3 |
| D. | A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2 |
| Answer» B. A\[\to \]1, B\[\to \]1, 2, C\[\to \]3, D\[\to \]4 | |
| 999. |
Internal sources of recruitment involves |
| A. | Internal advertisement |
| B. | Extension of services |
| C. | Informal search |
| D. | All of the above |
| Answer» E. | |
| 1000. |
Which of the following challenges are faced by recruiters? |
| A. | Environmental conditions |
| B. | Affirmative action plans |
| C. | Job requirements |
| D. | All of the above |
| Answer» E. | |