Business And Management: MBA Trivia Questions Test! Quiz
Below is an MBA trivia questions test on business and management. It is perfect for a student who wishes to refresh their memory on what they have learned about the business sector from their course program. Do you feel like you know just enough to give you a high score? The best way to know this is by taking the quiz. Give it a shot!
- 1.Why do companies go global?
- A.
Growth Strategy
- B.
Profit Advantage
- C.
Limitations in domestic market
- D.
Economies of scale
- E.
All of the above
- 2.What does PESTEL stand for?
- A.
Political, Economical, Social, Technical, Ecological, Legal
- B.
Political, Economical, Social, Technical, Environmental, Legal
- C.
Political, Economical, Social, Technological, Environmental, Legal
- D.
Psychological, Economical, Social, Technical, Ecological, Legal
- E.
Psychological, Environmental, Social, Technical, Ecological, Legal
- 3.Which of the following number is a pre-requisite for any exporting/importing company?
- A.
CIE
- B.
ICC
- C.
CEC
- D.
IEC
- E.
CIC
- 4.Which of the following country is not a CIVETS country?
- A.
South Korea
- B.
Indonasia
- C.
Turkey
- D.
Vietnam
- E.
Columbia
- 5.IBRD is the original name for?
- A.
IMF
- B.
World Bank
- C.
WTO
- D.
ITC
- E.
Indian Bank for Rural Development
- 6.Which of the following is not an entry strategy under the category of "strategic alliances"?
- A.
Marketing Tie-up
- B.
Take Over
- C.
Wholly Owned Subsidiary Company
- D.
Mergers & Acquisition
- E.
Resource sharing arrangement
- 7.Who is the author of the book "The Borderless World"?
- A.
Michael Porter
- B.
Amartya Sen
- C.
Thomas Friedman
- D.
Kenichi Ohmae
- E.
Adam Smith
- 8.Which of the following is not a theory/method in determining the foreign exchange rate between two currencies?
- A.
GDP Comparative Ratio
- B.
BOP Theory
- C.
Big Mac Index
- D.
PPP Theory
- E.
Law of One Price
- 9.Which of the following is not a transaction in Foreign Exchange Market?
- A.
Swap transaction
- B.
Exchange transaction
- C.
Spot transaction
- D.
Forward transaction
- E.
Short transaction
- 10.Which of the following is a similarity between international and domestic marketing?
- A.
Identical political factors
- B.
Same financial systems
- C.
Similar market characteristics
- D.
Equal risk factors
- E.
Aim at satisfying the needs of customers
- 11.The most important social factors that affect the international marketing are:
- A.
Language of the country
- B.
Culture of the country
- C.
Environment & climate of the country
- D.
Ethnic factors of the country
- E.
All of the above
- 12.Some of the benefits that a company enjoys after acquiring globalization are:
- A.
Increased economy of scale of its products
- B.
Provides a good position in the global market
- C.
Possibility of combining product development, marketing and purchasing activities in different countries
- D.
Standardisation of operations & processes
- E.
All of the above
- 13.Which of the following is not a Driver of Globalisation?
- A.
Emergence of new markets
- B.
Emergence of regional blocs
- C.
Increasing gap between the rich and the poor
- D.
Falling barriers to trade and investment
- E.
Technological innovation
- 14.Which of the following is not a phase of international supply chain management?
- A.
Generation of requirements
- B.
Sourcing the suppliers
- C.
Development of pricing
- D.
Negotiating with the customers
- E.
Post-award activities like development of supplier, technical assistance & trouble shooting
- 15.The main function of World Bank is:
- A.
To provide income for the people who are below the povert line (BPL)
- B.
To provide long-term capital assistance to its member countries for their reconstruction & development
- C.
To supply food materials for underdeveloped countries
- D.
To encourage export of essential goods to developing and underdeveloped member countries
- E.
To provide financial assistance to the various non-governmental organisations (NGO) for their projects in eradicating poverty, hunger and unemployment
- 16.Which of the following is a factor affecting the currency trading?
- A.
Budget introduced by the government of the country
- B.
Demand & trade of goods & services of the country in the international market
- C.
Political conditions
- D.
Market psychology
- E.
All of the above
- 17.Which of the following is not a key investment objective of a multinational country?
- A.
Improve foreign investment climate
- B.
Ensure that the operations of enterprises are in harmony with government policies
- C.
Bring political and economic stability in the country
- D.
Strengthen the basis of mutual confidence between enterprises and the societies in which they operate
- E.
Enhance contribution of enterprise to sustainable development
- 18.Which of the following is not a major category of risk associated with export credit?
- A.
Country risk
- B.
Foreign exchange risk
- C.
Financial risk
- D.
Quality risk
- E.
Business risk
- 19.Milton Friedman's thesis on corporate social responsibility argues that
- A.
Business corporations have only one responsibility and that is to increase their profits
- B.
Businesses have social responsibilty and it should create employment to people and improve the society
- C.
Business enterprises should follow the Triple BottomLine (TBL) concept in sustainable development
- D.
The business of a business is not only to do business
- E.
A business entity should contribute to development of society and should not harm the ecology & environment
- 20.The current Foreign Trade Policy of India is
- A.
Foreign Trade Policy 2012-2017
- B.
Foreign Trade Policy 2011-2016
- C.
Foreign Trade Policy 2010-2015
- D.
Foreign Trade Policy 2009-2014
- E.
Foreign Trade Policy 2008-2013
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