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.
| 401. |
Privatisation may be effected in the form of _________ |
| A. | Liberalisation |
| B. | Globalisation |
| C. | Dis-investment |
| D. | None of the above |
| Answer» D. None of the above | |
| 402. |
_________ is an unintended channel of distribution that runs parallelto the planned channel. |
| A. | Gray market |
| B. | Black market |
| C. | Bribery |
| D. | Counterfeiting |
| Answer» B. Black market | |
| 403. |
In the day to day administration the Board delegates its power to ___________ |
| A. | Other members |
| B. | The Board of Governors |
| C. | The President |
| D. | The Executive Directors |
| Answer» E. | |
| 404. |
SAARC association brings together __________ countries of South Asia forregional co-operation. |
| A. | 9 |
| B. | 8 |
| C. | 7 |
| D. | 14 |
| Answer» D. 14 | |
| 405. |
A _________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing/business service facility and turn the project over to the purchaser when it is ready for operation for a remuneration. |
| A. | BPO |
| B. | Contract Manufacturing |
| C. | Turnkey project |
| D. | Management contract |
| Answer» D. Management contract | |
| 406. |
The combined package of trade rules and Tariff concessions becameknown as the _________ |
| A. | WTO |
| B. | GATT |
| C. | NAFTA |
| D. | SAARC |
| Answer» C. NAFTA | |
| 407. |
The highest policy making body of the ADB is __________ |
| A. | Board of Governors |
| B. | Board of Directors |
| C. | President |
| D. | Other members |
| Answer» B. Board of Directors | |
| 408. |
_____________ is in fact, policeman of global trade. |
| A. | GATT |
| B. | ITO |
| C. | TRIMS |
| D. | WTO |
| Answer» E. | |
| 409. |
__________ is responsible for the conduct of the ordinary business of the bank and its organisation |
| A. | The Governor |
| B. | The President |
| C. | The Executive Directors |
| D. | Other members |
| Answer» C. The Executive Directors | |
| 410. |
The North American Free Trade Agreement (NAFTA) came intobeing on _________ |
| A. | 1 Jan. 1992 |
| B. | 1 March 1996 |
| C. | 1 Jan. 1994 |
| D. | 1 March 1994 |
| Answer» D. 1 March 1994 | |
| 411. |
_________ is a separate company organised under a foreign nations legal codewith accountability distinct from the parent company. |
| A. | Foreign subsidiary |
| B. | Oversees branch |
| C. | Assembly operation |
| D. | Fully owned manufacturing |
| Answer» B. Oversees branch | |
| 412. |
_________ is the sale of goods abroad at a price which is lower than the selling price of the same goods at the same time in the same circumstances at home, taking account of difference in transport costs. |
| A. | Dumping |
| B. | Tariff |
| C. | Anti dumping |
| D. | None of the above |
| Answer» B. Tariff | |
| 413. |
Macro environment is also known as __________ |
| A. | Outside environment |
| B. | Indirect environment |
| C. | General environment |
| D. | Social environment |
| Answer» D. Social environment | |
| 414. |
_________ are maximum tariffs imposed by the member countries ofWTO. |
| A. | Rates |
| B. | Subsidies |
| C. | Quotas |
| D. | Bound rates |
| Answer» E. | |
| 415. |
The cultural habit of firm hand-shake is associated with the culture of_________ |
| A. | US |
| B. | Middle East |
| C. | Arab countries |
| D. | Japan |
| Answer» B. Middle East | |
| 416. |
_________ transfers are selling of products by a company to itsaffiliated company in host country. |
| A. | Indirect export |
| B. | Direct exporting |
| C. | Intra-corporate |
| D. | All the above |
| Answer» D. All the above | |
| 417. |
The remaining balance of quota, after drawing 25% of reserve trenchis called _________ |
| A. | God Trench |
| B. | Credit trench |
| C. | Quotas |
| D. | Fund lending |
| Answer» C. Quotas | |
| 418. |
ADB was setup in ________ |
| A. | 1969 |
| B. | 1967 |
| C. | 1966 |
| D. | 1968 |
| Answer» D. 1968 | |
| 419. |
Anti-dumping and countervailing duties are imposed under _________ |
| A. | Customs Tariff Act 1975 |
| B. | TRIMS |
| C. | TRIPS |
| D. | Regional Trade Agreement |
| Answer» B. TRIMS | |
| 420. |
WTO members abolished quotas on trade in _________ |
| A. | Agriculture |
| B. | Textiles and clothing |
| C. | Tropical products |
| D. | Natural Resources based products |
| Answer» C. Tropical products | |
| 421. |
_______________ is the product of environment. |
| A. | Opportunity |
| B. | Threads |
| C. | Business |
| D. | Factors |
| Answer» D. Factors | |
| 422. |
EU Council Committee is also called _________ |
| A. | Corper |
| B. | Executive body |
| C. | Advisory committee |
| D. | Commissioners |
| Answer» B. Executive body | |
| 423. |
_________ allows a company to conduct business in another countrywhose laws discourage foreign ownership |
| A. | Contract Manufacturing |
| B. | Licensing |
| C. | Franchising |
| D. | Joint venture |
| Answer» C. Franchising | |
| 424. |
Bhutan has Bilateral Trade Agreement with _________ |
| A. | Sri Lanka |
| B. | Pakistan |
| C. | Russia |
| D. | India |
| Answer» E. | |
| 425. |
_________ is a peculiar form of international trade that encompasses more thanan exchange of goods services or idea for money. |
| A. | Turnkey contract |
| B. | Licensing |
| C. | Counter Trade |
| D. | Buy back |
| Answer» D. Buy back | |
| 426. |
___________ is an open form of government. |
| A. | Parliamentary System |
| B. | Government environment |
| C. | Legal environment |
| D. | Political environment |
| Answer» B. Government environment | |
| 427. |
________ refers to a process of increasing economic integration and growingeconomic interdependence between countries in the world economy. |
| A. | MNC |
| B. | TNC |
| C. | Globalisation |
| D. | WTO |
| Answer» D. WTO | |
| 428. |
SDR was approved in _________ |
| A. | 1969 |
| B. | 1965 |
| C. | 1967 |
| D. | 1972 |
| Answer» D. 1972 | |
| 429. |
IDA loans are known as _________ |
| A. | IDA credit |
| B. | IDA debit |
| C. | Soft loan |
| D. | Both a and b |
| Answer» B. IDA debit | |
| 430. |
____________ is a permanent institution with its own Secretariat. |
| A. | WTO |
| B. | GATT |
| C. | GAT |
| D. | ITO |
| Answer» B. GATT | |
| 431. |
___________ are also known as International Bank for Reconstruction andDevelopment. |
| A. | IMF |
| B. | ADB |
| C. | World Bank |
| D. | ECM |
| Answer» D. ECM | |
| 432. |
China is the biggest example _________ |
| A. | Capitalism |
| B. | Mixed economy |
| C. | Laissez Faire |
| D. | Socialism |
| Answer» E. | |
| 433. |
The _________ of a country refers to the systematic record of all receipts and payments between residents of the country and nonresidents over a period of time. |
| A. | Pegging |
| B. | Extended Fund Facility |
| C. | BOP |
| D. | Structural Adjustment Facility |
| Answer» D. Structural Adjustment Facility | |
| 434. |
_________ are popularly known as "Paper Gold". |
| A. | Gold trench |
| B. | Gold standard |
| C. | Gold Exchange Standard |
| D. | Special Drawing Rights |
| Answer» E. | |
| 435. |
_________ duties can be imposed of a product is dumped in the importing country at less than its normal value provided it causes material injury to the domestic industry. |
| A. | Tariff |
| B. | Anti-dumping |
| C. | Countervailing |
| D. | Reduction in subsidies |
| Answer» C. Countervailing | |
| 436. |
_________ is a form of licensing |
| A. | Franchising |
| B. | Patent |
| C. | Brand |
| D. | None of the above |
| Answer» B. Patent | |
| 437. |
__________ of economic policy is intended to promote the integration of Indianeconomy with the global economy. |
| A. | Globalisatioin |
| B. | Liberalisation |
| C. | Privatisation |
| D. | None of the above |
| Answer» C. Privatisation | |
| 438. |
_________ is the long term contracting out of non-core business processes to an outside provider to help achieve increased shareholder value. |
| A. | BPO |
| B. | Turnkey project |
| C. | Contract Manufacturing |
| D. | Management Contract |
| Answer» B. Turnkey project | |
| 439. |
__________ arrangement is also known as cross licensing |
| A. | Licensing |
| B. | Franchising |
| C. | Intra corporate transfers |
| D. | Contracts |
| Answer» B. Franchising | |
| 440. |
__________ conference of 1944 suggested institutional arrangements to undertakepost wear reconstruction of global economy. |
| A. | Urugay Round Agreement |
| B. | Narasimham Committee |
| C. | Brotton woods |
| D. | Hilton Young Commission |
| Answer» D. Hilton Young Commission | |
| 441. |
Globalization is based on the theory of |
| A. | Mixed economy |
| B. | Capitalism |
| C. | Free trade and comparative advantage |
| D. | Import Substitution |
| Answer» D. Import Substitution | |
| 442. |
______ agreement as modified by the Bretton wood agreement. |
| A. | WTO |
| B. | ITO |
| C. | GAAT |
| D. | TRIMS |
| Answer» D. TRIMS | |
| 443. |
ASEAN was established by the five original member countries are _________ |
| A. | Indonesia, Malaysia, Philippines, Singapore and Thailand |
| B. | India, Malaysia, Bhutan, Singapore, Thailand |
| C. | India, Sri Lanka, Malaysia, Philippines, Thailand |
| D. | India, Sri Lanka, Singapore, Thailand, Malaysia |
| Answer» B. India, Malaysia, Bhutan, Singapore, Thailand | |
| 444. |
_________ is an open forum of government |
| A. | Two party system |
| B. | Single party system |
| C. | Dominated one party system |
| D. | Parliamentary system |
| Answer» E. | |
| 445. |
The headquarters of ADB is _________ |
| A. | Geneva |
| B. | Manila |
| C. | U.S.A |
| D. | Italy |
| Answer» C. U.S.A | |
| 446. |
_________ is an enterprise which allocates company resources without regards to national frontiers, but is nationally based in terms of ownership and top management. |
| A. | MNC |
| B. | Globalisation |
| C. | Liberalisation |
| D. | TNC |
| Answer» B. Globalisation | |
| 447. |
BOT means ____________ |
| A. | Business Outsourcing Trade |
| B. | Balance on Trade |
| C. | Build, operation and Transfer |
| D. | Business Outsourcing Transaction |
| Answer» D. Business Outsourcing Transaction | |
| 448. |
Council for Trade in Goods, Services and Intellectual property Rights, Council for Trade Related intellectual property Rights are the three council in General council of _________ |
| A. | WTO |
| B. | GATT |
| C. | TRIMS |
| D. | GATS |
| Answer» B. GATT | |
| 449. |
_________ was a Multilateral treaty encompassing rules and disciples for anorderly world trading system. |
| A. | GATT |
| B. | ITO |
| C. | ECM |
| D. | SAARC |
| Answer» B. ITO | |
| 450. |
_______ is an unintented channel of distribution that runs parallel to the plannedchannel. |
| A. | Bribery |
| B. | Counter feiting |
| C. | Gray Market |
| D. | Black Market |
| Answer» D. Black Market | |