Download Calicut University M.Com Latest 2020 International Business Question Bank

Download UOC (University of Calicut) M.Com (Master of Commerce) International Business Question Bank (Important Questions)

This post was last modified on 26 December 2019

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INTERNATIONAL BUSINESS

Which is the right sequence of stages of Internationalisation
1. Domestic, Transnational, Global, International, Multinational
2. Domestic, International, Multinational, Global, Transnational
3. Domestic, Multinational, International, Transnational, Global
4. Domestic, International, Transnational, Multinational, Global
According to this theory the holdings of a country's treasure primarily in the form of gold constituted its wealth
1. Gold theory
2. Ricardo theory
3. Mercantilism
4. Hecksher theory
The theory of absolute cost advantage is given by
1. David Ricardo
2. Adam smith
3. FW taylor
4. Ohlin and Heckscher
The theory of Relative Factor Endowments is given by
1. David Ricardo
2. Adam smith
3. F W Taussig
4. Ohlin and Hecksher
Globalisation refers to
1. Lower incomes worldwide
2. Less foreign trade and investment
3. Global warming and their effects
4. A more integrated and interdependent world
NAFTA stands for
1. North African Free Trade Association
2. North American Free Trade Agreement
3. North Atlantic Free Trade Agreement
4. North Association For Free Trade
OECD stands for
1. Organisation for Economic Cooperation and development
2. Organisation for Economic coordination and Development
3. Organsation for Environmental cooperation and development
4. organisation for Environmental control and development
The balance of payments of a country on current account is equal to
1. balance of trade plus short term borrowings
2. balance of trade pus net invisible exports
3. balance of payment minus capital flows
4. balance of invisible trade plus imports
__________ refers to a process of increasing economic integration and growing economic interdependence between countries in the world economy.
1. MNC
2. TNC
3. Globalisation
4. WTO
The head quarters of SAARC is __________
1. Bangladesh
2. Maldives
3. Sri Lanka
4. Kathmandu
__________ was commenced on January 1, 1994
1. NAFTA
2. SAFTS
__________ is a bilateral trade agreement between two countries.
1. Tie in Agreement
2. Counter trade
3. MNC
4. Gray Market
__________ is the process of convincing the various powerful elements of the environment to act in the favour of the organisations.
1. Coalescing
2. Cooptation
3. Lobbying
4. Procurement
The environment which affects the basic values, behaviours and preferences of the society
1. Cultural environment
2. Technological environment
3. Legal environment
4. Political environment
Working backwards from a given market price to ascertain whether the export will be profitable or not is
1. Transfer pricing
2. Retrograde pricing
3. Conventional pricing
4. Skimmimg pricing
A project that is not constrained by prior work
1. Brown feild project
2. White feild project
3. Green feild project
4. Yellow feid project
Expand ASEAN
1. Association of south atlantic nations
2. Association of secular asian nations
3. Association of slow economic asian nations
4. Association of south east asian nations
ASEAN is formed on
1. 8 August 1967
2. 8 Septhember 1967
3. 8 january 1968
4. 7 march 1968
GATS refers to
1. General agreement on Trade in Services
2. General agreement on tariff and services
3. Global Agreement on trade and service
4. Global agreement on tarrif and services
Home country orientation is also known as
1. Ethnocentrism
2. Poly centrism
3. Regiocentrism
4. Geocentrism
Host country orientation is also known as
1. Regio centrism
2. poly centrism
3. Ethnocentrism
4. Geo centrism
Which of the following is not a feature of MNC
1. Headquartered in home country
2. giant sized
3. No transfer of technology
4. Easy movement of funds.
Two or more firms join together to create a new business entity that is legally seperate and distinct from its parents is known as
1. Branch office
2. Subsidiary
3. Joint venture
4. Green feild
Which is not an export price Quotation
1. F.O.B
2. FAS
3. CIF
4. C&S
A statement that summarizes an economy's transactions with the rest of world for a specified period of time is
1. Bill of lading
2. Statement of Financial affairs
3. Balansheet
4. Balance of payment
Terms of Trade measures
1. country's export price in relation to import price
2. country's expenses in relation to revenues
3. Country's operating cost with operating revenue
4. country's debt with borrowings
Tax imposed on imports and exports is
1. Charge
2. Duty
3. Tarrif
4. Rates
Which is not a Tarrif Barrier
1. Specific duty
2. Compound duty
3. sliding scale duty
4. quota system
The duties levied according to value of goods is
1. Specific duty
2. Ad.valorem duty
3. Combined duty
4. Countervailing duty
which is not a modern theory of International trade
1. Heckscher-Ohlin theory
2. Linder's income theory
3. Product life cycle theory
4. Theory of absolute advantage
Initial registration and each renewal of registration, of a trade mark is for a term of not less than __________
1. 5 years
2. 4 years
3. 6 years
4. 7 years
The agreement of patent protection for __________
1. 20 years
2. 15 years
3. 10 years
4. 7 years
Plurilateral Trade Agreement was done at Ganeva in __________
1. March 1979
2. April 1979
3. January 1994
4. August 1984
NIEO means __________
1. New International Economic Order
2. New Industrial Economic Order
3. New Industrial Economic Organisation
4. New International Economic Organisation
__________ is the effect International Trade has a detrimental effect on under developed countries
1. Lop - sided development
2. Deterioration
3. Demonstration effect
4. None of the above
__________ established a mechanism where by their local currencies are kept equal in value to gold and to each other.
1. International money
2. Floating exchange rate
3. Bretton wwod system
4. International Gold standard
The type of trade where a country imports same sort of goods as it exports
1. Adversarial trade
2. Reciprocal trade
3. Global trade
4. Internal trade
__________ are bilateral arrangements instituted to restrain the rapid growth of exports of specific manufactured goods
1. Licensing
2. Administered protection
3. Voluntary export restraints
4. Optimum tarrif
Which among the following is the advanced form economic integration
1. Free trade area
2. Economic union
3. Customs union
4. Common market
__________ refers to the investment in a foreign country where the investor retains control over the investment
1. Foreign direct investment
2. Foreign institutional investment
3. Portfolio investment
4. investment in GDR
__________ means acceptance of an outward looking policy of economic development in place of an inward – looking one.
1. Liberalization
2. Privatisation
3. Globalisatiion
4. All of the above
ESCAP stands for
1. Economic and Social Commission for Asia and the Pacific
2. Economic and Social Centre for Asia and the Pacific
3. Economic and Social Commission for the Asia and Privatisation
4. Economic and Social Culture for Asia and Public
__________ is a method of doing business by which a franchisee is granted the right to offer, sell or distribute goods or service under a system created by the Franchisee.
1. Agreement
2. Dealership
3. Patent
4. Franchising
FERA was replaced by __________
1. FEMA
2. GATT
3. WTO
4. ITO
__________ is the process of contracting with foreign firms granting them proprietary right to use technology, copyrights, trade marks, brand names etc.
1. Franchising
2. Licensing
3. Contract
4. None of the above
__________ is part of the parent corporation and simply an extension of domestic operation
1. Foreign Subsidiary
2. Overseas branch
3. Third country location
4. Assembly operation
__________ is a separate company organised under a foreign nations legal code with accountability distinct from the parent company.
1. Foreign subsidiary
2. Oversees branch
3. Assembly operation
4. Fully owned manufacturing
__________ is a peculiar form of international trade that encompasses more than an exchange of goods services or idea for
1. Turnkey contract
2. Licensing
3. Counter Trade
4. Buy back
GATT agreements as modified by the __________ agreement
1. WTO
2. ITO
3. Uruguay Round
4. Bretton wood
__________ is a multinational in which both ownership and control are so dispersed internationally.
1. Multinational corporation
2. Global corporation
3. International corporation
4. Transnational corporation
Under __________ a company doing international marketing enters into contracts with firms in foreign countries to manufacture the products while retaining the responsibility of marketing the product.
1. Contract manufacturing
2. Licencing
3. Franchising
4. Management contracting
which of the following is an arrangement by the seller to supply a buyer with a facility fully equipped and ready to be operated by the buyer's personnel, who will be trained by the seller.
1. Management contracting
2. Joint venture
3. Third country location
4. Turnkey contracts
The term 'entente' refers to
1. mergers and acquisitions
2. Economic liberalisation
3. Strategic alliance
4. Counter trade
Which of the following is not a form of Counter trade
1. Barter
2. Buy back
3. Compensation deal
4. Direct exporting
__________ is defined as the designing and managing of a system that contracts the flow of materials into, through and out of the international corporation.
1. international logistics
2. International business
3. International distribution
4. International marketing
Which tarrif is intended primarily to accord protection to domestic industries from foreign competition.
1. Optimum tarrif
2. Triple column tarrif
3. Protective tarrif
4. Revenue tarrif
__________ is the risk of financial market or personnal losses because of political decisions or disruptions.
1. legal risk
2. polital risk
3. economic risk
4. Social risk
Asian Development Bank is headquartered at
1. Manila
2. Jakartha
3. Kathmandu
4. Delhi
Name the monetory reserve currency created by IMF in 1969.
1. Treasury bills
2. Special drawing rights
3. Commercial paper
4. Certificate of deposit
which of the following does not come under the organisation structure of MNC
1. Global product structure
2. Mixed structure
3. Diversified structure
4. Matrix structure
__________ are also known as International Bank for Reconstruction and Development.
1. IMF
2. ADB
3. World Bank
4. ECM
__________ is the Supreme governing authority of World Bank.
1. The president
2. The Executive Directors
3. The Board of Governors
4. Members of the Board
__________ becomes the Ex-officio Chairman of World Bank.
1. The Board of Governors
2. The Executive Directors
3. Other members
4. The President
The highest policy making body of the ADB is __________
1. Board of Governors
2. Board of Directors
3. President
4. Other members
NAFTA is an example of
1. Common market
2. Customs union
3. Economic community
4. Free trade area
Which of the following is not an international organisation
1. SAARC
2. ADB
3. ASEAN
4. CBDT
The balance of payment account is conventionally divided into
1. Current account and Capital account
2. Visible account and invisibla account
3. Longterm capital account and short term capital account
4. None of the above
Foreign exchange and foreign currencies in india are governed by
1. RBI
2. Banking regulation act
3. FEMA
4. SEBI
EPCG denotes
1. Export potential and credit guarantee
2. Earning promotion and credit guarantee
3. Export promotion and credit guarantee
4. Export potential and credit goods
UNCTAD stands for
1. United nations committee on Tarrif and Development
2. United nations conference on trade and deficit
3. United nations conference on trade and deveopment
4. Union of nations cause for trade and development
Horizontal FDI refers to
1. when a firm invests abroad in the same industry in which it perates in home country
2. when a firm invests in different industry in which operates in home county
3. when a firm invest in activities along the firms exisisting supply chain to avail the benefits
4. None of the above
Which is not an Indian Multinational company
1. Unilever
2. Asian paints
3. Piramal
4. Wipro
Capitalistic, socialistic and mixed are types of
1. Economic systems
2. Economic conditions
3. Economic policies
4. None of the above
__________ is the application of knowledge which redefine the boundaries of global business
1. Cultural values
2. Society
3. Technology
4. Economy
Ultimately __________ was replaced by the __________ on 1st jan1995
1. GATS.WTO
2. WTO,GATT
3. GATT,WTO
4. IMF,GATT
__________ is a document acknowledging the receipt of goods on board a ship.
1. Bill of lading
2. Bill of exchange
3. Bill of payment
4. None of the above
A form of risk that arises from the change in price of one currency against another
1. Default risk
2. Interest rate risk
3. Currency risk
4. Inflation risk
__________ status is a method of preventing discriminatory treatment among members of an international trading organisation.
1. MFN
2. MGN
3. MEG
4. MFM
The risks that are unavoidable during the course of any business are called
1. Unsystematic risk
2. Systematic risk
3. Intangible rik
4. Tangible risk
__________ exist when countries within a geographical region agree to reduce or eliminate tarrif barriers on selected goods imported from other members of the area.
1. Free trade area
2. Preferential Trade Area
3. Customs union
4. Common market
Which among the folowing invoves the removal of tarrif barriers between members,plus the acceptence of unified external tarrif against non members
1. Common market
2. Customs union
3. Free trade area
4. Special economic zone
Expand APEC
1. Asia pacific economic cooperation
2. Asia pacific environmental cooperation
3. Asia petrolium economic cooperation
4. Asia pacific ecological cooperation
If FDI abroad is to manufacture products not manufactured by the parent company at home, it is called
1. Horizontal FDI
2. Vertical FDI
3. Conglomerate FDI
4. None of the above
Macro environment is also known as __________
1. Outside environment
2. Indirect environment
3. General environment
4. Social environment
Companies establish foreign subsidiary and empowers its executives is __________
1. Regio centric
2. Geocentric
3. Poly centric
4. Ethno centric
__________ theory suggests for maintaining favourable balance of trade in the form of import of gold for export of goods and services.
1. Gold standard
2. Mercantilism
3. Non merchantilism
4. Breton wood system
__________ is a form of licensing
1. Franchising
2. Patent
3. Brand
4. None of the above
__________ is the long term contracting out of non-core business processes to an outside to help achieve increased share holder value
1. Contract manufacturing
2. ΒΡΟ
3. Management contract
4. Turnkey contract
A __________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing/business service
1. ΒΡΟ
2. Contract Manufacturing
3. Turnkey project
4. Management contract
First WTO Ministerial conference held in __________
1. Geneva
2. Singapore
3. Manila
4. Dona
In WTO __________ is the highest hierarchical level in the organizational structure.
1. General council
2. Committee and Management Bodies
3. Management Bodies
4. Ministerial conference
__________ 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.
1. Dumping
2. Tariff
3. Anti dumping
4. None of the above
When the production of a product is more than the demand in the home country, the stocks piled up even after sales is
1. Persistent Dumping
2. Predatory dumping
3. Intermittent Dumping
4. Anti Dumping
The monopolist sells the remaining production in foreign countries at a low price continuously in __________
1. Intermittent Dumping
2. Persistent Dumping
3. Predatory Dumping
4. Anti dumping
__________ is an entry mode in which the investing firm owns 100% of the new entity in a host country.
1. Wholly owned subsidiary
2. Equity joint venture
3. Branch office
4. None of the above
__________ theory states that FDI reflects both international business activity and business activity internal to the firm
1. Factor mobility theory
2. Product life cycle theory
3. Dunning's eclectic theory
4. Internationalisation theory
The __________ are group of people who invest their capital through any financial firm or institution for a good return.
1. Foreign institutional investors
2. Foreign direct investors
3. Foreign indirect investors
4. Foreign portfolio investors
__________ is a device used to establish a set of priorities for using the organization's scarce resources
1. Buffering
2. Rationing
3. Smoothing
4. Coalescing
__________ is an unintended channel of distribution that runs parallel to the planned channel.
1. Gray market
2. Black market
3. Bribery
4. Counterfeiting
__________ is the art and other manifestations of human customs, civilization and the way of life a particular society or group.
1. Culture
2. Trends
3. Business
4. Marketing Ans.

ANSWER KEY

1	B
2	C
3	B
4	A
5	D
6	C
7	A
8	B
9	C
10	D
11	A
12	B
13	C
14	A
15	B
16	C
17	D
18	A
19	A
20	A
21	B
22	C
23	C
24	D
25	D
26	A
27	C
28	D
29	B
30	D
31	D
32	A
33	C
34	A
35	C
36	D
37	B
38	C
39	B
40	A
41	C
42	A
43	D
44	A
45	B
46	B
47	A
48	C
49	C
50	D
51	A
52	D
53	C
54	D
55	A
56	C
57	B
58	A
59	B
60	C
61	C
62	C
63	D
64	A
65	D
66	D
67	A
68	C
69	C
70	A
71	A
72	A
73	A
74	C
75	C
76	A
77	A
78	A
79	B
80	B
81	B
82	A
83	C
84	C
85	C
86	B
87	A
88	B
89	C
90	B
91	D
92	A
93	C
94	B
95	A
96	C
97	A
98	B
99	A
100	A

Prepared by

JIJI N

Assistant Professor

--- Content provided by FirstRanker.com ---

Department Of Commerce

Government college Madapally

www.FirstRanker.com

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This download link is referred from the post: Calicut University M.Com 2020 Important Questions (Question Bank) || (University of Calicut)

This post was last modified on 26 December 2019

1	B
2	C
3	B
4	A
5	D
6	C
7	A
8	B
9	C
10	D
11	A
12	B
13	C
14	A
15	B
16	C
17	D
18	A
19	A
20	A
21	B
22	C
23	C
24	D
25	D
26	A
27	C
28	D
29	B
30	D
31	D
32	A
33	C
34	A
35	C
36	D
37	B
38	C
39	B
40	A
41	C
42	A
43	D
44	A
45	B
46	B
47	A
48	C
49	C
50	D
51	A
52	D
53	C
54	D
55	A
56	C
57	B
58	A
59	B
60	C
61	C
62	C
63	D
64	A
65	D
66	D
67	A
68	C
69	C
70	A
71	A
72	A
73	A
74	C
75	C
76	A
77	A
78	A
79	B
80	B
81	B
82	A
83	C
84	C
85	C
86	B
87	A
88	B
89	C
90	B
91	D
92	A
93	C
94	B
95	A
96	C
97	A
98	B
99	A
100	A

1	B
2	C
3	B
4	A
5	D
6	C
7	A
8	B
9	C
10	D
11	A
12	B
13	C
14	A
15	B
16	C
17	D
18	A
19	A
20	A
21	B
22	C
23	C
24	D
25	D
26	A
27	C
28	D
29	B
30	D
31	D
32	A
33	C
34	A
35	C
36	D
37	B
38	C
39	B
40	A
41	C
42	A
43	D
44	A
45	B
46	B
47	A
48	C
49	C
50	D
51	A
52	D
53	C
54	D
55	A
56	C
57	B
58	A
59	B
60	C
61	C
62	C
63	D
64	A
65	D
66	D
67	A
68	C
69	C
70	A
71	A
72	A
73	A
74	C
75	C
76	A
77	A
78	A
79	B
80	B
81	B
82	A
83	C
84	C
85	C
86	B
87	A
88	B
89	C
90	B
91	D
92	A
93	C
94	B
95	A
96	C
97	A
98	B
99	A
100	A

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1	B
2	C
3	B
4	A
5	D
6	C
7	A
8	B
9	C
10	D
11	A
12	B
13	C
14	A
15	B
16	C
17	D
18	A
19	A
20	A
21	B
22	C
23	C
24	D
25	D
26	A
27	C
28	D
29	B
30	D
31	D
32	A
33	C
34	A
35	C
36	D
37	B
38	C
39	B
40	A
41	C
42	A
43	D
44	A
45	B
46	B
47	A
48	C
49	C
50	D
51	A
52	D
53	C
54	D
55	A
56	C
57	B
58	A
59	B
60	C
61	C
62	C
63	D
64	A
65	D
66	D
67	A
68	C
69	C
70	A
71	A
72	A
73	A
74	C
75	C
76	A
77	A
78	A
79	B
80	B
81	B
82	A
83	C
84	C
85	C
86	B
87	A
88	B
89	C
90	B
91	D
92	A
93	C
94	B
95	A
96	C
97	A
98	B
99	A
100	A