MCQOPTIONS
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MCQOPTIONS
This section includes 989 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 351. |
India was one of the _________ Governments that become membersof the WTO on the first day of the formation of the WTO |
| A. | 56 |
| B. | 96 |
| C. | 76 |
| D. | 103 |
| Answer» D. 103 | |
| 352. |
The member countries of WTO have moved to "Product PatentRegime" under _________ |
| A. | TRIMS |
| B. | TRIPS |
| C. | GATTS |
| D. | SAPTA |
| Answer» C. GATTS | |
| 353. |
_______ is called the soft loan window of the IBRD. |
| A. | IFC |
| B. | IDA |
| C. | UNCTAD |
| D. | IMF |
| Answer» C. UNCTAD | |
| 354. |
First WTO Ministerial conference held in _________ |
| A. | Geneva |
| B. | Singapore |
| C. | Manila |
| D. | Dona |
| Answer» C. Manila | |
| 355. |
_______ is the Supreme Authority of the WTO |
| A. | General Council |
| B. | Ministerial conference |
| C. | Council for Trade in Goods |
| D. | Council for TRIPS |
| Answer» C. Council for Trade in Goods | |
| 356. |
__________ is the effect International Trade has a detrimental effect on underdeveloped countries |
| A. | Lop - sided development |
| B. | Deterioration |
| C. | Demonstration effect |
| D. | None of the above |
| Answer» D. None of the above | |
| 357. |
__________ is part of the parent corporation and simply an extension of domesticoperation. |
| A. | Foreign Subsidiary |
| B. | Overseas branch |
| C. | Third country location |
| D. | Assembly operation |
| Answer» C. Third country location | |
| 358. |
_____ is a joint venture of IBRD and IFC. |
| A. | UNCTAD |
| B. | IDA |
| C. | IMF |
| D. | MIGA |
| Answer» E. | |
| 359. |
_________ is the application of knowledge which redefine theboundaries of global business. |
| A. | Cultural factors |
| B. | Political factors |
| C. | Social factors |
| D. | Technology |
| Answer» E. | |
| 360. |
In the form of pound sterling and U.S. dollars, these two currencies were known as__________ |
| A. | Reserve currencies |
| B. | Foreign exchange |
| C. | Floating Exchange rate |
| D. | Exchange transaction |
| Answer» B. Foreign exchange | |
| 361. |
India is _________ place in IMF General Quota |
| A. | 12th |
| B. | 11th |
| C. | 9th |
| D. | 13th |
| Answer» E. | |
| 362. |
Member's Gold Subscription + Credit extended by the member through the fund toother members _________ |
| A. | Gold Tranche |
| B. | Credit Tranches |
| C. | Gold standard Machanism |
| D. | Floating exchange rate |
| Answer» B. Credit Tranches | |
| 363. |
Which country is known for group harmony and collectivism? |
| A. | USA |
| B. | France |
| C. | Germany |
| D. | Japan |
| Answer» E. | |
| 364. |
_________ are therefore arrangement where by for a fee, one company provides personnel to perform general specialised management functions for another company. |
| A. | Lisensing |
| B. | Franchising |
| C. | Contract Manufacturing |
| D. | Management contract |
| Answer» E. | |
| 365. |
_________ is the most successful of the integration schemes. |
| A. | ECM |
| B. | SAARC |
| C. | NAFTA |
| D. | CEC |
| Answer» B. SAARC | |
| 366. |
GATT agreements as modified by the _______agreement |
| A. | WTO |
| B. | ITO |
| C. | Uruguay Round |
| D. | Bretton wood |
| Answer» D. Bretton wood | |
| 367. |
To take decisions of loan application in ADB by |
| A. | Board of Governors |
| B. | Board of Directors |
| C. | The President |
| D. | Other members |
| Answer» C. The President | |
| 368. |
The first conference of the UNCTAD was held in _________ |
| A. | USA |
| B. | Seattle |
| C. | Geneva |
| D. | Mexica |
| Answer» D. Mexica | |
| 369. |
_________ may be defined as "information with a commercial value". |
| A. | GATT |
| B. | TRIPS |
| C. | WTO |
| D. | IPRS |
| Answer» E. | |
| 370. |
NAFTA mean __________ |
| A. | North American Free Trade Agreement |
| B. | North American Foreign Trade Agreement |
| C. | North Asian Free Trade Agreement |
| D. | North Asian Foreign Trade Agreement. |
| Answer» C. North Asian Free Trade Agreement | |
| 371. |
There are two sets of factors which influence the business of an enterprise is____________ |
| A. | Internal and External |
| B. | Micro and Macro |
| C. | Political and Legal |
| D. | Social, Cultural & Technological |
| Answer» B. Micro and Macro | |
| 372. |
The GATT agreement had been signed by governments known as _____ |
| A. | Member countries |
| B. | Trade members |
| C. | MFN |
| D. | Contracting Parties |
| Answer» E. | |
| 373. |
The fundamental principles of GATT was |
| A. | Most Favoured Nation |
| B. | National Treatment |
| C. | Both a and b |
| D. | None of the above |
| Answer» C. Both a and b | |
| 374. |
The exchange rate system under the IMF came to be known as_________ |
| A. | Gold standard |
| B. | Floating rate |
| C. | SDRS |
| D. | Breton Wood System |
| Answer» E. | |
| 375. |
OPEC means _________ |
| A. | Organisation of Petroleum Exporting Countries |
| B. | Organisation of Pacific Economic Co-operation |
| C. | Organisation of Pacific European Co-operation |
| D. | Organisation of Pacific Exporting Commission |
| Answer» B. Organisation of Pacific Economic Co-operation | |
| 376. |
The international registration of Trade Marks aims at the internationalregistration is ________ |
| A. | Trade Mark Registration Treat |
| B. | Independent of patents |
| C. | Patent Cooperation Treaty |
| D. | The Madrid Agreement |
| Answer» E. | |
| 377. |
Plurilateral Trade Agreement was done at Ganeva in ______ |
| A. | March 1979 |
| B. | April 1979 |
| C. | January 1994 |
| D. | August 1984 |
| Answer» C. January 1994 | |
| 378. |
World's largest trading Block is ______ |
| A. | NAFTA |
| B. | SAARC |
| C. | CEC |
| D. | ECM |
| Answer» E. | |
| 379. |
When the rate of change in is insignificant, it is termed as ________environment |
| A. | General or specific |
| B. | Stable or static |
| C. | Dynamic or certain |
| D. | Simple of complex |
| Answer» C. Dynamic or certain | |
| 380. |
Environment is a __________ process |
| A. | Dynamic |
| B. | Complex |
| C. | interactive |
| D. | All of the above |
| Answer» E. | |
| 381. |
_________ was a set of rules and multilateral agreement |
| A. | TRIPS |
| B. | TRIMS |
| C. | GAAT |
| D. | WTO |
| Answer» D. WTO | |
| 382. |
Which one of the following is the function of trade mark |
| A. | Identifies the product and its origin |
| B. | Guaranteed its unchanged quality |
| C. | Advertises the product |
| D. | All the above |
| Answer» E. | |
| 383. |
________ is the process of contracting with foreign firms granting themproprietary right to use technology, copyrights, trade marks, brand names etc. |
| A. | Franchising |
| B. | Licensing |
| C. | Contract |
| D. | None of the above |
| Answer» C. Contract | |
| 384. |
_________ theory suggests for maintaining favourable balance oftrade in the form of import of gold for export of goods and services. |
| A. | Gold standard |
| B. | Mercantilism |
| C. | Non merchantilism |
| D. | Breton wood system |
| Answer» C. Non merchantilism | |
| 385. |
The process of globalization of the economy refers to _________ |
| A. | Removal of restrictions on foreign trade and foreign investment |
| B. | Economic growth |
| C. | Foreign investment in flow |
| D. | Employment generation |
| Answer» B. Economic growth | |
| 386. |
________ is a series of bilateral agreement between America, Canadaand Mexico |
| A. | SAARC |
| B. | APEC |
| C. | NAFTA |
| D. | ASEAN |
| Answer» D. ASEAN | |
| 387. |
_________ is also known as the European Common Market. |
| A. | EEC |
| B. | CEC |
| C. | SADF |
| D. | NAFTA |
| Answer» B. CEC | |
| 388. |
_________ means treating one's trading equally |
| A. | GATS |
| B. | WTO |
| C. | MFN |
| D. | TRIPS |
| Answer» D. TRIPS | |
| 389. |
GATT was replaced by the WTO on _________ |
| A. | 1 Jan. 2004 |
| B. | 1 Jan 1996 |
| C. | 1 Jan. 1992 |
| D. | 1 Jan. 1995 |
| Answer» E. | |
| 390. |
Trade in Textile was restricted by _________ |
| A. | MFN |
| B. | GATT |
| C. | MFA |
| D. | ITO |
| Answer» D. ITO | |
| 391. |
Two or more organisations may merger their organisations to have better controlover the environment as various resources are pooled together is __________ |
| A. | Cooptation |
| B. | Lobbying |
| C. | Agreement |
| D. | Coalescing |
| Answer» E. | |
| 392. |
The organization is said to be when some sudden and unpredictablechanges take place is called _________ |
| A. | Changing environment |
| B. | Stable environment |
| C. | Natural environment |
| D. | Turbulent environment |
| Answer» E. | |
| 393. |
International Bureau of World Intellectual Property Organisation is ________ |
| A. | U.S.A. |
| B. | Geneva |
| C. | Switzerland |
| D. | Canada |
| Answer» C. Switzerland | |
| 394. |
In TRIPS, a patent would be applicable for _________ |
| A. | 10 Years |
| B. | 20 years |
| C. | 25 years |
| D. | 30 years |
| Answer» C. 25 years | |
| 395. |
Companies establish foreign subsidiary and empowers its executives is_________ |
| A. | Regio centric |
| B. | Geocentric |
| C. | Poly centric |
| D. | Ethno centric |
| Answer» D. Ethno centric | |
| 396. |
________ means setting a products a company to its affiliated company in hostcountry. |
| A. | Direct exporting |
| B. | Intra corporate transfer |
| C. | indirect exporting |
| D. | Exporting |
| Answer» C. indirect exporting | |
| 397. |
When some sudden and unpredictable changes take place in the organisation issaid to ___________ |
| A. | Technological environment |
| B. | Natural environment |
| C. | Turbulent environment |
| D. | Changing environment |
| Answer» D. Changing environment | |
| 398. |
When the production of a product is more than the demand in thehome country, the stocks piled up even after sales is _________ |
| A. | Persistent Dumping |
| B. | Predatory dumping |
| C. | Intermittent Dumping |
| D. | Anti Dumping |
| Answer» D. Anti Dumping | |
| 399. |
A company doing international marketing contracts with a foreign producer tomanufacture or assemble the products for a sale in the foreign market is ________ |
| A. | Management contract |
| B. | Contract Manufacturing |
| C. | Turnkey Contract |
| D. | Licensing |
| Answer» C. Turnkey Contract | |
| 400. |
Copyright means the exclusive right to do or authorize others to do certain acts in relation to _________ |
| A. | Literary, dramatic, musical or artistic work |
| B. | Cinematography |
| C. | Sound recordings |
| D. | All the above |
| Answer» E. | |