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Pre-University Paper for International Business

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

IBRD (International Bank for Reconstruction and Development) also known as

a)

EXIM Bank

b)

International Bank

c)

International Monetary fund

d)

World Bank

2.

Select example of Indian Multinational Company.

a)

Hindusthan Unilever

b)

Cargill

c)

Videocon

d)

Tesco

3.

The —————-company produces, markets, invests and operates across the world.

a)

Global

b)

International

c)

Multinational

d)

Transnational

4.

NAFTA stands for?

a)

North African trade association

b)

Northern Atlantic trade agreement

c)

Northern association for trade

d)

North American free trade agreement

5.

The main promoter of trade liberalization was

a)

NAFTA

b)

CISA

c)

GATT

d)

CEPTA

6.

_______ is the first step in the internationalization process.

a)

License

b)

Foreign Investment

c)

Sales

d)

Export

7.

The OECD stands for:

a)

Organization for Economic Coordination and Development

b)

Organization for Economic Co-operation and Development

c)

Organization for Environmental Cooperation and Development.

d)

Organization for Environmental Control and Development

8.

The WTO was established to implement the final act of Uruguay Round agreement of ……

a)

MFA

b)

TRIP’s

c)

TRIM's

d)

GATT

9.

Key controllable factors in global marketing are:

a)

Government policy and legislation

b)

social and technical changes

c)

marketing activities and plans

d)

all of the above.

10.

…….is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.

a)

CASH IN ADVANCE

b)

LC

c)

BANK DRAFTS

d)

BILLS OF LADING

11.

Which is not an Indian Multinational Company?

a)

UNILIVER

b)

WIPRO

c)

ASIAN PAINTS

d)

PIRAMAL

12.

……………is the application of knowledge which redefines the boundaries of global business

a)

Cultural Values

b)

Technology

c)

Economy

d)

Society

13.

The Theory of Relative Factor Endowments is given by?

a)

David Ricardo

b)

Ohlin and Hecksher

c)

Adam Smith

d)

F W Taussig

14.

Pre-shipment Finance refers to the credit given to producer to:

a)

Pay shipping charges

b)

Pay shipping duties

c)

To purchase raw material

d)

All of these

15.

Packaging credit is also known as :

a)

Post-shipment credit

b)

Pre-shipment credit

c)

Buyers Credit

d)

Non of these

16.

An approach in which whole world is a market place is known as:

a)

Polycentric approach

b)

Geocentric approach

c)

Reginocentric approach

d)

Ethnocentric approach

17.

Standard policy is provided by which institute for insurance and guarantees of International business processes?

a)

LIC

b)

EXIM Bank

c)

ECGC

d)

IMF

18.

Second step in International Market selection

a)

Preliminary screening

b)

Final selection

c)

Direct experience

d)

In-depth screening

19.

IMF was created in year

a)

1942

b)

1947

c)

1945

d)

1949

20.

Who is the First Deputy Managing Director of IMF

a)

George W. Bush

b)

Geoffrey W.S. Okamoto

c)

Geregory D'suza

d)

Geogre Willson