C. Centrally- planned socialism. Private capital b. ANSWER: A, 70. Import tariff benefits A. the consumers. Approximately what per cent of the world income is found outside the United States of America? ANSWER: D, 65. The Imports and Exports (Control) Act was passed in the year A. D. Hindu law. D. Holding the manufacturer for advertising false information. ANSWER: A, 99. A. Greenfield FDI. ANSWER: A, 27. D. Sanctions are against a single country, embargoes are against all foreign countries. D. It will be in detail. D. India. Answer .a. A. B. by using psychological pricing strategies. D. to have management is overseas. ANSWER: D, 17. A. lower level of stress among people. Direct democracy is characterised by A. credit risk. ANSWER: B, 81. C. 75 per cent. C. Investor’s influence on the management of the enterprise. Multinational business. D. should be learnt by business managers to communicate with foreigners. Which of the following is not correctly matched? 95. a) Promote import of capital goods to enhance export. ANSWER: D, 85. A. monetary union. Market socialism. B. C. To encourage exports. Opportunities in the business environment not being fully exploited by the competition. Verify your answers with MCQ on Glimpses of the Past provided and know where you went wrong. 1977. B. B. A. weaknesses in a company’s resources or competences. B. components only. The objectives of import duty is/are _____. ANSWER: B, 47. A. The company includes GST to the cost of goods, and a buyer who purchases the goods pays the cost price with the GST. Thus, the main objectives of import trade are as follows: (i) To speed up industrialization: Developing countries import scarce raw materials and capital goods and advanced technology required for rapid industrial development. ANSWER: B, 14. C. in the order specified, but certain stages may be skipped. A. money supply. B. FDI made in subsidiaries. B. C. Threat of recession; the power of buyers; the power of suppliers; the threat of management failure; competitive rivalry. B. The political risk faced by a firm cannot be managed by D. Develop a view of an environment which has a high degree of uncertainty, build plausible views of different possible futures and take a long term view of strategy. �="i����� ����JO1M~�i�s�ƣS����)����������0��TV��Ĥ���v.o �S�d�8B]H��LCr��Hn0��@���R�m���N«�dYxd *�^���⭇�m�_Ҡ0.ɑ�"y�)9!$�e��f0�o�Z|�[L�RNȁ������Ѐ�G�Ez�}�e��oA�c�h��k�鏨Ar��!C�B��Oi��0@��ZCP�k���w��R���$�&b�&�p{Rj5� K�5��d9&�|r ��-I��)���ΌdG[[vս^�� �,�>9 #w�ȝH\Q_��gT�,,χdnF8����%�ćE�=�o?W@*�����1��H4�4��N ����(w3ـ�$��o��1�:�2�p��P���U�@:���:�X�7l�%�"�fn�[]�o+u���33`����j����K�\v���;3�S��x�pS@T��w������2a�`�H�x@2{�c�}�2���}��l>�/o��2Pњ����,��1�h4���3�D/Z�|� ށ�i��HPC<>,�`o!Z�?�,V�>�5�#����7�o����X�X�]4|4Y�h���Dh@$A�i-c�t �n��v�#f��3��`�U�a�m�z�5WC0�AOXJ�Ĵ�*L��:w��u��9I�UF�D. B. (a) Fundamental duties- Part IV-A (b) Directive principles of State policy- Part IV The 86th Constitutional Amendment Act, 2002 puts duty on parent or guardian to provide opportunities for education to his Child or Ward in the age of (a) 6 to 14 (b) 6 to 10 (c) 5 to 15 (d) 6 to 16. Answer : c C. Price controls. B. Antiboycott regulations. Market growth rates. Which of the following is a part of capital account? A. exchange rates, taxes, tariffs and trade measures. 22 pages. ANSWER: C. 0 Created on September 05, 2020 By Eguardian India Quiz Test for Global Business Environment for preparation of various competitive and academic exams like UGC, NET, BCOM, MCOM, MBA, BBA and many other regular and distance education exams 1 / 25 By having business in different countries, a firm reduces political risk credit risk business risk financial risk 2 / 25 By entering into international business, a firm expects an improvement in Finance only All spheres of marketing, operation and finance simultaneously Marketing Any or all spheres of marketing, operation and finance 3 / 25 International business does not result in the following Consumption is minimized Imports are rendered cheap International cooperation is encouraged Innovation is encouraged 4 / 25 Free international trade maximizes world output through Reduction in taxes Countries specializing in production of goods they are best suited for Encouraging competition Increased factor income 5 / 25 The following factor does not differentiate the international business from domestic business trade policies different currencies product quality product mobility 6 / 25 Uneven distribution of natural resources is among the major factors for international business is the only cause for international business is the major factor for international business is not a cause for international business 7 / 25 Immobility of labour among nations is Of the same degree as within the country Absolute Relatively of a higher degree than among regions in the same country Relatively easier than movement within the country 8 / 25 Land as a factor of production is immobile Within the nation Between the countries Within the region In all cases 9 / 25 Business across several countries with some decentralization of management decision making to subsidiaries is Multinational business Multi-regional business Global business Transnational business 10 / 25 Geographical indications specify Place of origin of goods Special characteristics of the product associated with the place of origin Place and special characters of the product Place or special characters of the product 11 / 25 Social stratification is done on the basis of Income level education caste any of the above 12 / 25 The following nationals would be aggressive at the beginning of business negotiations but offer large concessions in the end Japanese German Russian American 13 / 25 The role of women is restricted in India Traditional Islamic countries Middle East countries Eastern countries 14 / 25 For society, religion has no influence on marketing practices role of women language holidays 15 / 25 The religion of a person affects his/her attitude towards entrepreneurship use of products gifting practices all of the above 16 / 25 Non- verbal communication should be learnt by business managers to communicate with foreigners includes body language has no place in international business includes written communication 17 / 25 The following is not a component of culture Life expectancy Education Beliefs Attitudes 18 / 25 The following statement with respect to culture is false Culture is determined by national boundaries Culture is evolved among the members of society Culture is changing Culture is enduring 19 / 25 Countries/ regions with huge market size will attract Created assets seeking FDI Vertical FDI Efficiency seeking FDI Market seeking FDI 20 / 25 Conglomerate FDI refers to FDI made in unrelated products FDI made in similar products FDI made in subsidiaries FDI made by a group of firms 21 / 25 The disadvantages of Greenfield FDI as compared to acquisition is Delay in the establishment Lesser control in management Size of investment will be high Profit will be less 22 / 25 A firm investing in a foreign country to distribute the products therein creation of Distribution FDI Forward vertical FDI Backward vertical FDI Asset seeking FDI 23 / 25 No new investment in the host country is created in the case of Vertical FDI Horizontal FDI Acquisition Greenfield FDI 24 / 25 The essential feature of FDI is Investment of low value Investor’s influence on the management of the enterprise Investment in shares Investment of very high value 25 / 25 The wholly-owned subsidiary can be set up to have management is overseas to have products marketed overseas to acquire an existing firm as a Greenfield venture Your score is The average score is 0% LinkedIn Facebook Twitter 0% Restart quiz div#ays-quiz-container-35 * { box-sizing: border-box; } /* Styles for Internet Explorer start */ #ays-quiz-container-35 #ays_finish_quiz_35 { } /* Styles for Quiz container */ #ays-quiz-container-35{ min-height: 350px; width:100%; background-color:#ffffff; background-position:center center;border-radius:0px 0px 0px 0px;box-shadow: 0 0 15px 1px rgba(0,0,0,0.4);border: none;} /* Styles for questions */ #ays-quiz-container-35 #ays_finish_quiz_35 div.step { min-height: 350px; } /* Styles for text inside quiz container */ 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Quiz Test for Global Business Environment for preparation of various competitive and academic exams like UGC, NET, BCOM, MCOM, MBA, BBA and many other regular and distance education exams, By having business in different countries, a firm reduces, By entering into international business, a firm expects an improvement in, International business does not result in the following, Free international trade maximizes world output through, The following factor does not differentiate the international business from domestic business, Land as a factor of production is immobile, Business across several countries with some decentralization of management decision making to subsidiaries is, Social stratification is done on the basis of, The following nationals would be aggressive at the beginning of business negotiations but offer large concessions in the end, For society, religion has no influence on, The following is not a component of culture, The following statement with respect to culture is false, Countries/ regions with huge market size will attract, The disadvantages of Greenfield FDI as compared to acquisition is, A firm investing in a foreign country to distribute the products therein creation of, No new investment in the host country is created in the case of, The wholly-owned subsidiary can be set up, Click here for Global Business Environment MCQs with Answers – Set2, ⇒  Please contact us for further information / clarification, For more question answers you may also visit the link. 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