Quiz: Internal Assessment Test On International Business

20 Questions | By Schandramana | Updated: Mar 21, 2022 | Attempts: 142

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Quiz: Internal Assessment Test On International Business - Quiz

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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 is not a major category of foreign investment?
- A.
  
  FDI
- B.
  
  FII
- C.
  
  Investments from Non Residents
- D.
  
  Swiss Bank Deposits
- E.
  
  World Bank / ADB aided projects
4.

Which of the following country is not a CIVETS country?
- A.
  
  South Korea
- B.
  
  Indonesia
- C.
  
  Turkey
- D.
  
  Vietnam
- E.
  
  Columbia
5.

IBRD is the original name for .....................?
- A.
  
  IMF
- B.
  
  World Bank
- C.
  
  ITC
- D.
  
  WTO
- 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.

Foreign investment in an industry that provides inputs for a firm’s operation or in an industry that sells outputs of the firm is known as ...................
- A.
  
  Vertical FDI
- B.
  
  Horizontal FDI
- C.
  
  Flow of FDI
- D.
  
  Stock of FDI
- E.
  
  None of the above
9.

Which of the following is a type of non-tariff barrier?
- A.
  
  Import Duties
- B.
  
  Environmental protection laws
- C.
  
  Ad valorem tariffs
- D.
  
  Protective taxation
- E.
  
  Anti-dumping duties
10.

Which of the following is a similarity between international and domestic marketing?
- A.
  
  Identical political factors
- B.
  
  Comparable financial systems
- C.
  
  Similar market characteristics
- D.
  
  Equal risk factors
- E.
  
  Aims at satisfying the needs of customers
11.

The 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 globalisation 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.

Porter’s Diamond explains ...................
- A.
  
  Why does a firm achieve international success in a particular industry?
- B.
  
  Why does a firm achieve international success in a particular country?
- C.
  
  Why does a nation achieve international success in the global economy?
- D.
  
  Why does a nation achieve international success in a particular industry?
- E.
  
  Why does a nation achieve international success in financial markets?
15.

The main function of World Bank is ...............
- A.
  
  To provide income for the people who are below the poverty 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.

The major criteria considered for selecting appropriate entry mode in an international market are ..........
- A.
  
  Resource intensity & Control
- B.
  
  Financial capability & operational convenience
- C.
  
  Transfer Risk & Learning
- D.
  
  A & B
- E.
  
  A & C
17.

Which of the following is not a key investment objective of a multinational company?
- 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.

Factor endowments, Demand conditions, Related and supporting industries and Firm strategy, structure & rivalry are the ....................
- A.
  
  Factors suggested in Heckschler-Ohlin thoery
- B.
  
  Determinants in Product Life Cycle theory by Raymond Vernon
- C.
  
  Components in New Trade Theory
- D.
  
  Determinants of National Competitive Theory by Michael Porter
- E.
  
  Factors affecting trade according to David Ricardo’s Theory of Comparative Advantage
19.

The important benefits of FDI to host countries include ..................
- A.
  
  Return on Investment & Export-Import effects
- B.
  
  Employment effects & Resource-transfer effects
- C.
  
  Effects on competition and growth in the country & Balance of Payment effects
- D.
  
  B & C
- E.
  
  A & B
20.

The current Foreign Trade Policy of India is ..................
- A.
  
  Foreign Trade Policy 2009-2014
- B.
  
  Foreign Trade Policy 2010-2015
- C.
  
  Foreign Trade Policy 2011-2016
- D.
  
  Foreign Trade Policy 2012-2017
- E.
  
  Foreign Trade Policy 2013-2018