UNIT: 1 INTRODUCTION OF INTERNATIONAL BUSINESS

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE – 45

Subject: INTERNATIONAL BUSINESS Subject code 404 Class: SYBBA

PROF. CHHAYA D. KHOKRALE www.dacc.edu.in

UNIT: 1

INTRODUCTION OF INTERNATIONAL BUSINESS

Q:1)IBRD stands for

Sol:

A:) International Board for Research and Development

B:) International Bank for Reconstruction and Development

C:) International Bank for Research Development

D:)International Barrier For Reconstruction and DevelopmenT

Correct: B

Q:2)The first phase of globalization started around 1870 and ended with _______

Sol:

A:) World War I

B:) World War II

C:) The Establishment of GATT

D:)In 1913 when GDP was High

Correct A

Q:3)IBRD (International Bank for Reconstruction and Development) also known as

Sol:

A:) Exim Bank

B:) World Bank

C:) International Monetary fund




D:)International Bank

Correct: B

Q:4)Which is the right sequence of stages of Internationalization?

Sol:

A:) Domestic, Transnational, Global, International, Multinational

B:) Domestic, International, Multinational, Global, Transnational

C:) Domestic, Multinational, International, Transnational, Global

D:)Domestic, International, Transnational, Multinational, Global

Correct: B

Q:5)The Theory of Absolute Cost Advantage is given by ______

Sol:

A:) David Ricardo

B:) Adam Smith

C:) F W Taylor

D:)Ohlin and Huckster

Correct B

Q:6)___ is the application of knowledge which redefines the boundaries of global business

Sol:

A:) Cultural Values

B:) Society

C:) Technology




D:)Economy

Correct: D

Q:7)Capitalistic, communistic and Mixed are the types of ______

Sol:

A:) Economic System

B:) Social System

C:) Cultural Attitudes

D:)Political System

Correct: A

Q:8)______ is not an Indian Multinational Company

Sol:

A:) Unilever

B:) Asian Paints

C:) Primal

D:)Wipro

Correct: A

Q:9)Globalization refers to ______

Sol:

A:) Lower incomes worldwide

B:) Less foreign trade and investment

C:) Global warming and their effects

D:)A more integrated and interdependent world




Correct: d

Q:10)Which of the following is not a force in the Porter Five Forces model?

Sol:

A:) Buyers

B:) Suppliers

C:) Complementary products

D:)Industry rivalry

Correct :c

Q:11)Comparative Cost Trade Theory is given by ______

Sol

A:) Adam Smith

B:) David Ricardo

C:) Gottfried Heeler

D:)Heckscher Ohlin

Correct s:D

Q:12)Select an example of Indian Multinational

Sol:

A:) Videocon

B:) Cargill

C:) Tesco

D:)None of the above

Correct: D




Q:13)Trade occurs as a result of:

Sol:

A:) Choice differential.

B:) Habit differential.

C:) Taste differential.

d. Resource differential.

Correct. :D

Q:14)What is the amalgamation and rapid unification between countries identified as?

Sol:

A:) Globalisation

B:) Liberalisation

C:) Socialisation

D: Privatisation

Correct: A

Q:15)Globalisation has improved the living structure of which of the following?

Sol:

A:) All the people

B:) Workers in developing countries

C:) People in developed countries

D: None of the above

Correct: B




Q:16)Which Indian industries have been hit by globalisation?

Sol:

A:) Cement

B:) Jute

C:) Toy making

D:) Information technology (IT)

Correct: C

Q:17 )Which of these organisations strains on the liberalisation of foreign investment and

foreign trade?

Sol:

A:) International Monetary Fund

B:) World Health Organisation

C:) World Trade Organisation

D:) International Labour Organisation

Correct: C

Q:18)What is the tax on imports treated as?

Sol:

A:) Collateral

B:) Trade barriers

C:) Foreign trade

D:) Terms of trade

Correct: B




Q:19)Which of the following is the main reason behind the investments of MNCs?

Sol:

A:) To benefit foreign countries

B:) To provide financial support to the country’s government

C:) For the welfare of underprivileged people

D:) To increase the assets and earn profits

Correct : D

Q:20)Which of these institutes supports investments and foreign trade in India?

Sol:

A:) International Monetary Fund (IMF)

B:) World Trade Organisation (WTO)

C:) World Bank

D:) International Labour Organisation (ILO)

Correct r: B

Q:21)When did the government remove the barriers for investment in India?

Sol:

A:) 1990

B:) 1991

C:) 1992

D:) 1993

Correct : B




Q:22)In which year did India adopt the economic reforms?

Sol:

A:) 1991

B:) 1993

C:) 1998

D:) 2001

Correct: A

Q:23).Why there was a need for economic reforms in India?

Sol:

A:) Due to fiscal deficit

B:) Due to adverse BOP

C:) Rise in prices

D:) All of the above

A Correct: D

Q:24)When did the Gulf Crisis take place?

Sol:

A:) 1985

B:) 1990-91

C:) 1995

D:) 1975

Correct: B





Sol:

A:) 1985

B:) 1990-91

C:) 1995

D:) 1975

Correct :B

Q:26)How much loan was provided by World Bank and IMF during the nineties to bail India out

of the crisis?

Sol:

A:) $10 million

B:) $10 billion

C:) $7 billion

D:) $20 billion

Correct: (C)

Q:27)What is the main feature of New Economic Policy?

Sol:

A:) Liberalisation

B:) Privatisation

C:) Globalisation


Correct :D




Q:28)For how many industries, licensing is still necessary?

Sol:

A:) 7

B:) 6

C:) 9

D:) 10

Correct: B

Q:29)In which year did India adopt the economic reforms?

Sol:

A:) 1991

B:) 1993

C:) 1998

D:) 2001

Correct: A

Q:30)Why there was a need for economic reforms in India?

Sol:



C:) Rise in prices


Correct: D





Sol:

A:) 1985

B:) 1990-91

C:) 1995

D:) 1975

Correct:B


of the crisis?

Sol:

A:) $10 million

B:) $10 billion

C:) $7 billion

D:) $20 billion

Correct: C


Sol:

A:) Liberalisation

B:) Privatisation

C:) Globalisation


Correct:D





Sol:

A:) 7

B:) 6

C:) 9

D:) 10

Correct: B

Q:35)How many industries are entirely reserved for the public sector?

Sol:

A:) 6

B:) 10

C:) 2

D:) 4

Correct: (C)

Q:36)What is the investment limit in small scale industries?

Sol:

A:) 50 lakh

B:) 1 crore

C:) 25 lakh

D:) 75 crore

Correct: B




Q:37)How many countries are the members of WTO?

Sol:

A:) 164

B:) 120

C:) 96

D:) 48

Correct: A

Q:38)When was WTO established?

Sol:

A:) 1996

B:) 1998

C:) 2000

D:) 1995

Correct:D


Sol:



C:) Rise in prices

(D:) All of the above

Correct: D





Sol:

A:) 1985

B:) 1990-91

C:) 1995

D:) 1975

Correct: (B)


of the crisis?

Sol:

A:) $10 million

B:) $10 billion

C:) $7 billion

D:) $20 billion

Correct: (C)


Sol:

A:) Liberalisation

B:) Privatisation

C:) Globalisation


Correct: (D





Sol:

A:) 7

B:) 6

C:) 9

D:) 10

Correct: B

Q:44)How many industries are entirely reserved for the public sector?

Sol:

A:) 6

B:) 10

C:) 2

D:) 4

Correct: (C)

Q:45)What is the investment limit in small scale industries?

Sol:

(A:) 50 lakh

B:) 1 crore

C:) 25 lakh

D:) 75 crore

Correct: B




Q:46)When was VAT introduced in most of the States of India?

Sol:

A:) 1995

B:) 2001

C:) 2005

D:) 2006

Correct: C

Q:47)How many countries are the members of WTO?

Sol:

A:) 164

B:) 120

C:) 96

D:) 48

correct: A

Q:48) When was WTO established?

Sol:

A:) 1996

B:) 1998

C:) 2000

D:) 1995

Correct: A




Q:49)Where is the headquarters of WTO located?

Sol:

A:) Italy

B:) Geneva

C:) New York

D:) Washington

Correct: B


Sol:



C:) Rise in prices


Correct: D




UNIT:2

INTERNATIONAL BUSINESS ENVIORMENT

Q:1)The first phase of globalization started around 1870 and ended with …..

Sol:

A:) World War I

B:) World War II

C:) The Establishment of GATT

D:) In 1913 when GDP was High

Correct: A

Q:2)IBRD (International Bank for Reconstruction and Development) also known as

Sol:

A:) Exim Bank

B:) World Bank

C:) International Monetary fund

D:) International Bank

Correct: B

Q:3)Ultimately ………………was replaced by the …………….on 1st Jan 1995

Sol:

A:) GATS, WTO

B:) WTO, GATT

C:) GATT, WTO

D:) IMF, GATT




CorrectC

Q:4)Which is the right sequence of stages of Internationalization

Sol:

A:) Domestic, Transnational, Global, International, Multinational

B:) Domestic, International, Multinational, Global, Transnational

C:) Domestic, Multinational, International, Transnational, Global

D:) Domestic, International, Transnational, Multinational, Global

Correct: B

Q:5)Subsidiaries consider the regional environment for policy / Strategy formulation is known

Sol:

A:) Polycentric Approach

B:) Egocentric Approach

C:) Ethnocentric Approach

D:) Geocentric Approach

Correct:B

Q:6)According to this theory, the holdings of a country’s treasure primarily in the form of gold

Sol:

A:) Gold Theory

B:) Ricardo Theory

C:) Mercantilism

D:) Hecksher Theory

Correct:C




Q:7)The Theory of Absolute Cost Advantage is given by

Sol:

A:) David Ricardo

B:) Adam Smith

C:) F W Taylor

D:) Ohlin and Huckster

Correct: B

Q:8)The Theory of Relative Factor Endowments is given by

Sol:

A:) David Ricardo

B:) Adam Smith

C:) F W Tausig


Correct: d

Q:9) The theory of comparative cost advantage is given by

Sol:

A:) David Ricardo

B:) Adam Smith

C:) F W Tausig


Correct: A




Q:10) ……………is the application of knowledge which redefines the boundaries of global

Sol:

business

A:) Cultural Values

B:) Society

C:) Technology

D:) Economy

Correct: C

Q:11)Capitalistic, communistic and Mixed are the types of

Sol:

A:) Economic System

B:) Social System

C:) Cultural Attitudes

D:) Political System

Correct: A

Q:12)Which is not an Indian Multinational Company?

Sol:

A:) Unilever

B:) Asian Paints

C:) Primal

D:) Wipro

Correct: A




Q:13)Globalization refers to:

Sol:

A:) Lower incomes worldwide

B:) Less foreign trade and investment

C:) Global warming and their effects

D:) A more integrated and interdependent world

Correct: D

Q:14)Which of the following is not a force in the Porter Five Forces model?

Sol:

A:) Buyers

B:) Suppliers

C:) Complementary products

D:) Industry rivalry

Correct: C

Q:15)Comparative Cost Trade Theory is given by

Sol:

A:) Adam Smith

B:) David Ricardo

C:) Gottfried Heeler

D:) Huckster Ohlin

Correct: B




Q:16)…….is the payment method most often used in International Trade which offers the

exporter best assurance of being paid for the products sold internationally.

Sol:

A:) Bill of Lading

B:) Letter of Credit

C:). Open Account

D:) Drafts

Correct: B

Q:17)Special drawing rights (SDRs) relate to

Sol:

A:) World Bank

B:) Reserve Bank of India

C:) World Trade Organization

D:) International Monetary Funde

Correct : D

Q:18)The main function of the IMF is to

Sol:

A:) Arrange international deposits from banks

B:) Help resolve balance of payments problems of member countries

C:) Act as a private-sector lending arm of the World Bank

D:) Finance investment to developing countries

Correct : D




Q:19)Which one among the following agencies is known as “soft credit window” of the World

Bank?

Sol:

A:) International Finance Corporation

B:) International Bank for Reconstruction and Development

C:) International Development Association

D:) Multilateral Investment Guarantee Agency

Correct: C

Q:20)Consider the following statements:

Most international agencies that fund development programs in India on intergovernmental

bilateral agreements mainly provide

Sol:

A:) Technical assistance

B:) Soft loans, which are required to be paid back with interest

C:) Grants not required to be paid back

D:) Food assistance to alleviate poverty

Select the correct answer using the codes given below:

A:) 2 and 4 are correct

B:) 1, 2, and 3 are correct

C:) 1, 2, and 4 are correct

D:) 3 and 4 are correct

Correct : C




Q:21)Which of the following agencies constitute the World Bank?

Sol:

A:) International Bank for Reconstruction and Development

B:) International Finance Corporation

C:) International Development Association

D:) International Monetary Fund

Select the correct answer using the codes given below:

a) 1 and 2

b) 1 and 3

c) 1, 2, and 3

d) 1, 2, 3, and 4

Correct: B

Q:22) Which of the following statements about International Monetary Fund (IMF) are correct?

Sol:

A:) The IMF is a United Nation specialized agency

B:) The IMF was founded at the Bretton Woods Conference in 1944 to secure international

monetary cooperation.

C:) The objective of the IMF is to stabilize currency exchange rates and to expand international

liquidity (access to hard currencies)

D:) Select the correct answer using the codes given below:

a) 1, 2, and 3

b) 2 and 3 only

c) 1 and 2 only




d) 1 and 3 only

Correct: A

Q:23)What is the amalgamation and rapid unification between countries identified as?

Sol:

A:) Globalisation

B:) Liberalisation

C:) Socialisation

D:) Privatisation

Correct: A

Q:24)Globalisation has improved the living structure of which of the following?

Sol:

A:) All the people

B:) Workers in developing countries

C:) People in developed countries

D:) None of the above

Correct B

Q:25)Which Indian industries have been hit by globalisation?

Sol:

A:) Cement

B:) Jute

C:) Toy making

D:) Information technology (IT)




Correct: C

Q: 26) Which of these organisations strains on the liberalisation of foreign investment and

foreign trade?

Sol:

A :) International Monetary Fund

B:) World Health Organisation

C:) World Trade Organisation

D:) International Labour Organisation

Correct C

Q:27)What is the tax on imports treated as

Sol:

A:) Collateral

B:) Trade barriers

C:) Foreign trade

D:) Terms of trade

Correct: B

Q:28)Which of the following is the main reason behind the investments of MNCs?

Sol:

A:) To benefit foreign countries

B:) To provide financial support to the country’s government

C:) For the welfare of underprivileged people

D:) To increase the assets and earn profits




Correct: D

Q:29)Which of these institutes supports investments and foreign trade in India?

Sol:

A:) International Monetary Fund (IMF)

B:) World Trade Organisation (WTO)

C:) World Bank

D:) International Labour Organisation (ILO)

Correct B

Q:30)When did the government remove the barriers for investment in India?

Sol:

A:) 1990

B:) 1991

C:) 1992

D:) 1993

Correct: B

Q:31)The foreign direct investment includes

Sol:

A:) Intellectual Property

B:) Human Resource

C:) Tangible Good

D:) Intangible Goods

Correct: C




Q:32)The disputes of FDI are over

Sol:

A:) Concern

B:) Interest

C:) Regard

D:) Hobby

Correct: B

Q:33)Treaty of Rome was signed in the year

Sol:

A:) 1959

B:) 1957

C:) 1956

D:) 1955

Correct: B

Q:34)When did Austria join European Union?

Sol

A:) 1997

B:) 1993

C:) 1995

D:) 1999

Correct: C




Q:35)For spreading information the Foreign policy decision-makers rely on

Sol:

A:) Bureaucrats

B:) Politicians

C:) Media

D:) Public

Correct: C

Q:36 )More expansion of foreign direct investment can boost

Sol:

A:) Money circulation

B:) Demand

C:) Employment

D:) Unemployment

Correct: C

Q:37)How will offer curve react when customers are heterogeneous?

Sol:

A:) Zero quadrant

B:) Negative quadrant

C:) Optimum quadrant

D:) Positive quadrant

Correct :B




Q:38)When capital and labour are moved internationally, it will help in developing

Sol:

A:) Economic growth gains

B:) Capital gains

C:) More gains from income

D:) More gains from trade

Correct: C

Q:39)Which industry characteristics will have free entry?

Sol:

A:) Mineral mining

B:) Cable television

C:) T-shirt silk screening

D:) Satellite radio

Correct: C

Q:40)When a country is specialised in particular good and then trade with other countries is

called

A:) Agreement

B:) Interdependence

C:) Correlation

D:) Dependence

Correct: B




Q:41)What is global depository receipt?

Sol:

A:) It is a receipt issued by multinational banks on deposit of money.

B:) It is a receipt issued by an overseas bank is lieu of shares of a domestic company.

C:) It is a receipt issued by stock exchange on investment by foreign portfolio investor.


Correct : C

Q:42)Both foreign direct investment (FDI) and foreign institutional investment (FII) are related

to investment in a country. Which of the following is incorrect regarding FDI and FII?

Sol:

A:) Both FII and FDI bring capital into the economy.

B:) FII invests in technology-oriented enterprises, whereas FDI invests in traditional business set

ups

C:) The restrictions on the entry of FDI are lower than that on FII.

D:) FDI is considered to be more stable thna FII. FII can be withdrawn even at a short notice.

Correct : B

Q:43)Participatory notes (PNs) are associated with which one of the following?

Sol:

A:) Consolidated Fund of India

B:) Foreign institutional investors

C:) United Nations Development programme

D:) Kyoto Protocol

Correct : B




Q:44)The term “hot money” is used to refer to Sol:

Sol:

A:) Currency + reserves with the RBI

B:) Net GDR receipts

C:) Net foreign direct investment

D:) Foreign portfolio investment

Correct: D

Q:45)The union government adopted new definition of FDI and FPI in 2014. Which of the given

below is incorrect in this regard?

Sol:

A:) The new definition considers 5% investment in capital of an unlisted company as FPI.

B:) The new definition considers 5% investment in capital of an unlisted company as FDI.

C:) The new definition considers 5% investment in capital of an listed company as FPI.

D:) None of the above.

Correct : A

Q:46)Which of the following statements is/are correct regarding FDI under automatic route?

FDI in India under the automatic route does not require prior approval either by the

Government of India or the Reserve Bank of India.

Investors are only required to notify the concerned regional office of the RBI before receipt of

inward remittances and file required documents with that office before the issue of shares to

foreign investors.

Select the correct answer using the codes given below.

Sol:




A:) 1 only

B:) 2 only

C:) Both 1 and

D:) Neither 1 nor 2

Correct : C

Q:47)Which of the following are the components of foreign capital?

Sol:

Grants and loans

External commercial borrowings

Foreign direct investment

Deposits from non-residents

Select the correct answer using the codes given below.

A:) 1, 2, 3, and 4

B:) 1, 2, and 4 only

C:) 1 and 2 only

D:) 3 and 4 only

Correct : A

Q:48)Consider the following statements:

Foreign investment may affect a country’s export performance adversely.

Inflow of foreign exchange may cause appreciation of local currency, leading to a rise in the

prices of export commodities.

Which of the statements given above is/are correct?




Sol:

A:) 1 only

B:) 2 only

C:) Both 1 and 2

D:) Neither 1 nor 2

Correct : C

Q:49)Ministries will now have to decide on FDI proposals within ___ days of application, w.e.f

6th June 2017?

Sol:

A:) 60 days

B:) 65 days

C:) 70 days

D:) 75 days

ANSWER: A

Q:50) Which index did India rank 8th on, April 20, 2017?

Sol:

A:) AT Kearney FDI Confidence Index

B:) Morgan Stanley Index

C:) Moody's Rating

D:) ICRA rating

CorrectA




Q:51)Which companies will soon be allowed to attract 100 percent FDI investment?

Sol:

A:) Cash management companies

B:) ATM management companies

C:) Both a and b

D:) Neither a nor b

Correct: C




UNIT:3

INTRODUCTION OF HUMAN RESOURCE MANAGEMENT

PRACTICES

Q: 1) Which of the following is not a mode of Workers’ Participation in Management?

Sol:

A:) Works Committee

B:) Employee Stock Option Plan

C:) Joint Management Council

D:) Joint Committee for Policy Formulation

Correct; B

Q: 2 )Which of the following is not a bipartite body?

Sol:

A:) Works Committee

B:) Canteen Committee

C:) Safety Committee

D:) Standing Labor Committee

Correct; D

Q: 3) Which one of the following is not a tripartite body?

Sol:

A:) Indian Labor Conference

B:) Standing Labor Committee


D:) Minimum Wages Advisory Board




Correct:C

Q: 4) Under whose regime as Union Labor Minister, majority of codes were evolved by the

Central Government?

Sol:

A:) V.V. Geri

B:) Guljarilal Nanda

C:) Khandubhai Desai

D:) Bindheswari Dubey

Correct:B

Q: 5) Assertion (A): In the post economic reforms era Indian business houses initially had to

take strong decisions in terms of cost cutting measures and human resource rationalization.

Reason (R): Economic reforms opened up markets and allowed foreign direct investment

causing the domestic industry to compete on uneven level playing ground.

Sol:

Codes:

A:) (A) is right, but (R) attributed is wrong.

B:) (A) is wrong, but (R) is right.

C:) Both (A) and (R) are wrong.

D:) (A) is right and (R) is attributed is logical.

Correc:D




Q: 6) During whose tenure as Prime Minister, the Economic Reforms in India were initiated?

Sol:

A:) Smt. Indira Gandhi

B:) Rajiv Gandhi

C:) Dr. Man Mohan Singh

D:) Dr. P.V. Narasimha Rao

Correct:D

Q: 7) Which of the following practices lead to democracy in trade unions?

Sol:

A:) Regular meeting

B:) Fair and timely elections

C:) Audit of accounts of union

D:) All the above

Correct:D

Q: 8) The trusteeship approach to industrial relations was advocated by:

Sol:

A:) Karl Marx

B:) Max Weber

C:) Allan Flanders

D:) Mahatma Gandhi

Correct:D




Q: 9)Which one of the following is not a principle of labour legislation?

Sol:

A:) Principle of Protection

B:) Principle of Social Justice

C:) Principle of Social Security and Welfare

D:) Principle of Reasonable Standard of Living

Correct: D

Q: 10) Which part of the Indian Constitution divides jurisdiction for enactment of Labor

Legislations?

Sol:

A:) Distribution of Legislative Power

B:) Directive Principles of State Policy

C:) Fundamental Rights


Correct:D

Q: 11) Which of the following is not a mode of Workers’ Participation in Management?

Sol:

A:) Works Committee

B:) Employee Stock Option Plan


D:) Joint Committee for Policy Formulation

Correct:C




Q: 12) Which of the following is not a bipartite body?

Sol:

A:) Works Committee

B:) Canteen Committee

C:) Safety Committee

D:) Standing Labour Committee

Correct:D

Q: 13) Which one of the following is not a tripartite body?

Sol:

A:) Indian Labor Conference

B:) Standing Labor Committee


D:) Minimum Wages Advisory Board

Correct:C

Q: 14) Under whose regime as Union Labour Minister, majority of codes were evolved by the

Central Government?

Sol:

A:) V.V. Giri

B:) Glutaral Nanda

C:) Kandahar Desai

D:) Bundeswehr Dubey

Correct:B




Q: 15)Assertion (A): In the post economic reforms era Indian business houses initially had to

take strong decisions in terms of cost cutting measures and human resource rationalization.

Reason (R): Economic reforms opened up markets and allowed foreign direct investment

causing the domestic industry to compete on uneven level playing ground.

Sol:

A:) (A) is right, but (R) attributed is wrong.

B:) (A) is wrong, but (R) is right

C:) Both (A) and (R) are wrong

D:) (A) is right and (R) is attributed is logical.

Correct:D

Q: 16) During whose tenure as Prime Minister, the Economic Reforms in India were initiated?

Sol:

A:) Smt. Indira Gandhi

B:) Rajiv Gandhi

C:) Dr. Manmohan Singh

D:) Dr. P.V. Narasimha Rao

Correct:D

Q: 17)Which of the following practices lead to democracy in trade unions?

Sol:

A:) Regular meeting

B:) Fair and timely elections

C:) Audit of accounts of union

D:) All the above




Correct:B

Q: 18) As per the Factories Act "Adult"means a person who has completed ...... year of age.

[Sec 2(a)]

Sol:

A:) Fifteenth

B:) Sixteenth

C:) Seventeenth

D:) Eighteenth

Correct:D

Q: 19) As per Factories Act, "Child" means a person who has not completed his ....... ......Year

of age. [Sec 2(c)]

Sol:

A:) Fourteenth

B:) Fifteenth

C:) Sixteenth

D:) Eighteenth

Correct:B

Q: 20) The trusteeship approach to industrial relations was advocated by:

Sol:

A:) Karl Marx

B:) Max Weber

C:) Allan Flanders




D:) Mahatma Gandhi

Correct:A

Q: 21) Which one of the following is not a principle of labour legislation?

Sol:





Correct:D

Q:22)The exhaustion suffered by an individual due to continuous exposure to a stress

causing situation is normally known as

Sol:

A:) Entrapment

B:) Tiredness

C:) Irritability

D:) burn-out

Correct:D

Q:23)is a scientific and systematic effort to modify the characteristics of an

Sol:

A:) employee's job.

B:) Job redesign

C:) Time-out




D:) Mentoring

d) Employee empowerment

Correct:A

Q: 24)The first Factories Act was enacted in

Sol:

A:) 1881

B:) 1895

C:) 1897

D:) 1885

Correct:A

Q: 25) For contravention of provisions of Factories Act or Rules, the occupier shall liable for

Punishment up to

Sol:

A:) 2 years or fine up to RS.1,00,000 or both

B:) 6 months or fine up to 10, 000 or both

C:) 3 three years or fine 10, 000 or both

D:)None of the above.

a) Accounts Manager b) HR manager

c) Manager d) Owner

Correct :C




Q: 26)The applicant / occupier who propose to start the factory should submit the

Sol:

A:) Form No-1

B:) Form No-.2

C:) Form No- 2A

D:) Form No.1 A

d) None of these

Correct:A

Q:27)Manager of every factory should sent a annual report to the Inspectorate of f factories

containing details like numbers of workers employed, leave with wages, safety officers

, ambulance room, canteen, shelter, accidents in form no ______ on or before 31 st January

Sol:

A:) Form No : 22

B:) Form No: 21

C:) Form No: 25 A

D:) Form No: 25 B

Correct;A

Q: 28)If any employee found violating the section 20 of Factories Act 1947 shall be fine up to

Sol:

A:) Rs.10

B:) Rs.5

C:) Rs.15




D:) Rs.2

Correct: B

Q:29)When the employee perceives threat in the environment even if there is no such threat

Existing in the environment, it is normally described as a) organizational stressor

Sol:

A:) individual stressor

B:) extra-organizational stressor

C:) Who is less than 18 years

c) Who is more than 14 years

D:) Who is more than 15 years

Correct: A

Q: 30)A person who has ultimate control over the affairs of the factory under Factories Act,

Sol:

1948 is called as _

A:) Occupier

B:) Manager

C:) Chairman

D:) Managing Director.

Correct:A

Q: 31)The exhaustion suffered by an individual due to continuous exposure to a stress

Sol:

causing situation is normally known as




A:) Entrapment

B:) Tiredness

C:) Irritability

D:) burn-out

Correct:D

Q:32)Which one of the following is not a principle of labour legislation?

Sol:





Correct:D

Q: 33 )As per Factories Act "Factory" means any premises including the precincts thereof where

or more workers are working or viewer working on any day of the preceding 12 months, and

in any part of which a manufacturing process is being carried on without the aid of power, or

is ordinarily so carried on. [Sec 2(m)] a) 10

Sol:

A:) 50

b) 20

C:) 100





where on ------------- or more workers are working or were working on any day of the preceding

12 months, and in any part of which a manufacturing process is being carried out with the aid

of power, or is ordinarily so carried on. [Sec 2(m)(i))

Sol:

A:)

B:) 20

C:) 50

D:) 100

Correct :A

Q: 34) As per the Factories Act "Adult"means a person who has completed ...... yea r of age.

Sol:

A:) Fifteenth

B:) Sixteenth

C:) Seventeenth

D:) Eighteenth

Correct :D

Q: 35) As per Factories Act, "Child" means a person who has not completed his ....... ......Year

Sol:

of age. [Sec 2(c)]

A:) Fourteenth

B:) Fifteenth

C:) Sixteenth




D:) Eighteenth

Correct :B

Q: 36)As per factories act which among the following are true in respect of the definition of a

Sol:

worker'? [Sec 2(1)] "Worker" means a person employed

A:) Directly or by or through any agency (including a contractor

B:) With or without the knowledge of the principal employer

D:) Whether for remuneration or not

4) In any manufacturing process

a) 3 and 4 only b) 1,3 and 4 only

c) 1 and 4 only d) 1,2,3 and4

Correct: D

Q:37) As per Factories Act, 'Factory" means any premises in during the precincts thereo f

Sol:

MCQs - 305HR – Labour Laws Page 2 of 62

A:) A mine subject to the operation of the Mines Ad, 1952

B:) A mobile unit belonging to the Armed Forces of the Union

C:) A railway running shed

D:) A HOTEL, restaurant or eating place

A:) 1 and 2 only

B:) 1,2 and 3 only

C:) 1,2,3 and 4




D:) 1,2,4 only

Correct :C

Q:38)As per Factories Act, "----------,, of a factory means the person who has ultimate control

over the affairs of the factory. [Sec 2(n)]

Same should be calculated on .

Sol:

A:) A daily basis or weekly basis, whichever is the prevalent practice

B:) Adaily basis

C:) A weekly basis

D:) A daily basis or weekly basis, whichever is more favorable to the employee Ans:

a) Manager

b) Owner

c) Director

d) Occupier

Correct:D

Q:39)The _____of Railway Production Units have been appointed as "Occupiers" of the

respective units in terms of the provisions of the Factories Ad. 1948. (MC 23)

Sol:

A:) General Managers

B:) Chief Personnel Officers

C:) Chief Mechanical Engineers/ CWM

C:) Chief Security Commissioners




Correct:C

Q:40)The Factories Act imposes the following obligations upon the employer in regard to his

Sol:

workers. [Sec 7 A]

A:) Health

B:) Safety

C:) Welfare

C:) All the above.

Correct:D

Q:41) As per Factories Act "Factory" means any premises including the precincts thereof where

or more workers are working or viewer working on any day of the preceding 12 months, and

in any part of which a manufacturing process is being carried on without the aid of power, or

is ordinarily so carried on. [Sec 2(m)] a) 10

Sol:

A:)

B:) 50

C:) 20

C:) 100

where on ------------- or more workers are working or were working on any day of the preceding

12 months, and in any part of which a manufacturing process is being carried out with the aid

of power, or is ordinarily so carried on. [Sec 2(m)(i))




Sol:

A:) 10

B:) 20

C:) 50

d) 100

Correct:A

Q:42)As per the Factories Act "Adult"means a person who has completed ...... yea r of age.

Sol:

[Sec 2(a)]

A:) Fifteenth

B:) Sixteenth

C:) Seventeenth

D:)Eighteenth

Correct:D

Q:43) As per Factories Act, "Child" means a person who has not completed his ....... ......Year

Sol:

of age. [Sec 2(c)]

A:) Fourteenth

B:) Fifteenth

C:) Sixteenth

D:)Eighteenth

Correct:B




Q:44)As per factories act which among the following are true in respect of the definition of a

worker'? [Sec 2(1)] "Worker" means a person employed Sol:

A:) Directly or by or through any agency (including a contractor

B:) With or without the knowledge of the principal employer

C:) Whether for remuneration or not

D:)In any manufacturing process


c) 1 and 4 only d) 1,2,3 and4

Correct:D

Q:45) As per Factories Act, 'Factory" means any premises in during the precincts thereo f

MCQs - 305HR – Labour Laws Page 2 of 62

Sol:

A:) A mine subject to the operation of the Mines Ad, 1952

B:) A mobile unit belonging to the Armed Forces of the Union

C:) A railway running shed

D:)A HOTEL, restaurant or eating place


c) 1,2,3 and 4 d) 1,2,4 only

Correct :C




Q:46)As per Factories Act, "----------,, of a factory means the person who has ultimate control

over the affairs of the factory. [Sec 2(n)]

Same should be calculated on .

Sol:

A:) A daily basis or weekly basis, whichever is the prevalent practice

b) Adaily basis

C:) A weekly basis


Correct: D

Q:47)A daily basis or weekly basis, whichever is more favourable to the employee Ans:

d (Sec. 55)

A:) Manager

B:)) Owner

C:) Director

D:)Occupier

Correct:D

Q:48) The _____of Railway Production Units have been appointed as "Occupiers" of the

respective units in terms of the provisions of the Factories Ad. 1948. (MC 23)

Sol:

A:) General Managers

B:) Chief Personnel Officers

C:) Chief Mechanical Engineers/ CWM




D:)Chief Security Commissioners

Correct:C

Q:49)The Factories Act imposes the following obligations upon the employer in regard to his

workers. [Sec 7 A]

Sol:

A:) Health

B:) Safety

C:) Welfare

D:)All the above.

Correct:D

Q:50) The employment of young person on dangerous machines shall be prohibited the

Section -------- of Factories Act.1947.

Sol:

A:) Section 21

B:) Section 22

C:) Section 23

D:)Section 24

Correct :C




UNIT:4

INTERNATIONAL ECONOMIC ZONE

Q:1) Extension of marketing activities across the globe is called as __________

Sol:

A:) International Business

B:) Universal Marketing

C:) International Marketing

D:) Borderless Marketing

Correct:C

Q:2)In International Marketing, ________ factors affects international marketing decisions.

Sol:

A:) Political

B:) Economical

C:) Social


Correct:D

Q:3)In International Marketing, EPRG stands for _________

Sol:

A:) Ethical, Political, Regional or Geographical orientation

B:) Ethnographic, Polygraphic, Regiographic or Geographic orientation

C:) Ethnocentric, Polycentric, Regiocentric or Geocentric orientation

D:) Ethical, Political, Regional or Geometrical orientation




Correct:C

Q:4)The only difference in the definitions of domestic marketing and international marketing is

that ______

Sol:

A:) the marketing activities take place in more than one country.

B:) the marketing activities take place in one country only

C:) the marketing activities take place in host country only.

D:) the marketing activities MUST take place in all countries.

Correct. A.

Q:5)__________ is the performance of business activities that direct the flow of a company’s

goods and services to consumers or users in more than one nation for a profit.

Sol:

A:) Intranational Marketing

B:) International Marketing

C:) Multinational Marketing

D:) Universal Marketing

Correct:B

Q:6)According to the trickle-down model the invented products are first introduced in high

income .ountries then shifted to upper-middle-income countries and finally are shifted to low-

income

Sol:

A:) Trickle down model

B:) Shower model




C:) Trickle shower model

D:) Heckler model

Correct: C

Q:7)Under __________ the strategy is to simultaneously introduce the newly developed

product in all kinds of global markets

Sol:

A:) Trickle down model

B:) Shower model

C:) Trickle shower model

D:) Heckler model

Correct: B

Q:8)______ means selling the products at below the cost of production or at below the ongoing

price in the market

Sol:

A:) Gate pricing

B:) Dumping

C:) Cheap pricing

D:) Countertrade

Correct : B

Q:9)__________ is an arrangement to pay for import of goods and services with something

other than cash

Sol:

A:) Countertrade

B:) Dumping




C:) Drop shipping

D:) Reversal buying

Correct: A

Q:10)________is not a part of counter trade.

Sol:

A:) Counter purchase

B:) Offset

C:) Anti-dumping trade

D:) Compensation trade

Correct:C

Q:11)._______ consists of sources of data and procedures of obtaining data

Sol:

A:) International marketing data service

B:) International marketing information system

C:) International marketing intelligence system

D:) International marketing artificial intelligence

Correct:C

Q:12)__________is an integrated and comprehensive network of information relating to all

areas of international business having a direct or indirect bearing on marketing.

Sol:

A:) International marketing data service

B:) International marketing information system

C:) International marketing intelligence system




D:) International marketing artificial intelligence

Correct: C

Q:13)_______is the systematic design, collection, analysis and reporting of data and findings

relevant to a specific marketing situation facing the company.

Sol:

A:) Business analytics

B:) Marketing research

C:) Marketing survey

D:) Marketing information system

Correct: B

Q:14)In international marketing, _________ type of exporter will choose direct distribution

channel.

Sol:

A:) Micro

B:) Small

C:) Medium

D:) Large

Correct :D

Q:15)In international marketing, the term green Marketing is related to ________

Sol:

A:) Influence of green color on marketing decisions

B:) Environmental concerns and protection

C:) Marketing of Natural Farming




D:) Green house effect

Correct: B

Q:16)The current system of international finance is a ____.

Sol:

A:) fixed exchange rate system

B:) floating exchange rate system

C:) managed float exchange rate system


Correct :C

Q:17)A simultaneous purchase and sale of foreign exchange for two different dates is called.

Sol:

A:) currency devalue

B:) currency swap

C:) currency valuation

D:) currency exchange

Correct: B

Q:18)Hedging is used by companies to:

Sol:

A:) Decrease the variability of tax paid

B:) Decrease the variability of expected cash flows

C:) Increase the variability of expected cash flows

D:) Decrease the spread between spot and forward market quotes

Correct: D

Q:19 )Derivative securities includes:

Sol:

A:) swap contract

B:) futures contract




C:) option contract


Correct: D

Q:20) By definition, currency appreciation occurs when:

Sol:

A:) the value of all currencies fall relative to gold:)

B:) the value of all currencies rise relative to gold:)

C:) the value of one currency rises relative to another currency.

D:) the value of one currency falls relative to another currency.

Correct T: B

Q:21) If purchasing power parity were to hold even in the short run, then:

Sol:

A:) quoted nominal exchange rates should be stable over time.

B:) real exchange rates should tend to increase over time.

C:) real exchange rates should be stable over time.

D:) real exchange rates should tend to decrease over time.

Correct : C

Q:22) In the foreign exchange market, the ________ of one country is traded for the ________

of another country.

Sol:

A:) currency; currency

B:) currency; financial instruments

C:) currency; goods

D:) goods; goods

Correct: A




Q:23) A floating exchange rate ____.

Sol:

A:) is determined by the national governments involved

B:) remains extremely stable over long periods of time

C:) is determined by the actions of central banks

D:) is allowed to vary according to market forces

Correct: D

Q:24)he date of settlement for a foreign exchange CORRECT:ction is referred to as:

Sol:

A:) Clearing date

B:) Swap date

C:) Maturity date

D:) Value date

Correct: D

Q:25)Which one of the following is not a type of foreign exchange exposure?

Sol:

A:) Tax exposure

B:) Translation exposure

C:) Transction exposure

D:) Balance sheet exposure

Correct:A

Q:26)Which of the methods below may be viewed as most effective in protecting against

economic exposure?

Sol:

A:) Futures market hedging

B:) Forward contract hedges

C:) Geographical diversification




D:) Money market hedges

Correct:C

Q:27) The impact of Foreign exchange rate on firm is called as:

Sol:

A:) Operating Exposure

B:) Transaction exposure

C:) Translation exposure

D:) Business risk

Correct: A

Q:28) Foreign currency forward market is ____.

Sol:

A:) An over-the-counter unorganized market

B:) Organized market without trading

C:) Organized listed market

D:) Unorganized listed market

Correct:A

Q:29. An economist will define the exchange rate between two currencies as the:

Sol:

A:) Amount of one currency that must be paid in order to obtain one unit of another

currency

B:) Difference between total exports and total imports within a country

C:) Price at which the sales and purchases of foreign goods takes place

D:) Ratio of import prices to export prices for a particular country

Correct: A




Q:30)The Purchasing Power Parity should hold:

Sol:

A:) Under a fixed exchange rate regime

B:) Under a flexible exchange rate regime

C:) Under a dirty exchange rate regime

D:) Always

Correct T: B

Q:31) Covered interest rate parity occurs as the result of:

Sol:

A:) the actions of market-makers

B:) interest rate arbitrage

C:) purchasing power parity

D:) stabilising speculation

Correct: B

Q:32. Arbitrageurs in foreign exchange markets:

Sol:

A:) attempt to make profits by outguessing the market

B:) make their profits through the spread between bid and offer rates of exchange

C:) need foreign exchange in order to buy foreign goods

D:) take advantage of the small inconsistencies that develop between markets

Correct: D

Q:33)The forward market is especially well-suited to offer hedging protection against

Sol:

A:) translation risk exposure.

B:) transactions risk exposure.

C:) political risk exposure.

D:) taxation.




Correct T: A

Q:34)Financial management process deals with ____.

Sol:

A:) Investments

B:) Financing decisions

C:) Both a and b


Correct: B

Q:35)It is very difficult to interpret news in foreign exchange markets because:

Sol:

A:) very little information is publicly available

B:) most of the news is foreign

C:) it is difficult to know which news is relevant to future exchange rates

D:) It is difficult to know whether the news has been obtained legally

Correct: C

Q:36)The fundamental purpose for the existence of any organization is described by its

Sol:

A:) policies

B:) mission

C:) procedures

D:) strategy

Correct: b




Q:37) The fundamental purpose of an organization’s mission statement is to

Sol:

A:) create a good human relations climate in the organization

B:) define the organization’s purpose in society:)

define the operational structure of the organization

D:) generate good public relations for the organization

Correct: B

Q:38)The acronym SWOT stands for

Sol:

A:) Special Weapons for Operations Timeliness

B:) Services, Worldwide Optimization, and Transport

C:) Strengths Worldwide Overcome Threats

D:) Strengths, Weaknesses, Opportunities, and Threats

Correct: d

Q:39)Which of the following is not a characteristic of strategic management that makes it

different from other types of management?

Sol:

A:) It is interdisciplinary.

B:) It has an external focus.

C:) It has an internal focus.

D:) It concerns the present direction of the organization.

Correct: D




Q:40 )Which of the following is an issue considered in developing corporate strategies?

Sol:

A:) What business(es) are we in?

B:) What direction are we going?

C:) What resources do we have to implement our strategies?

D:) What businesses are we in and what to do with those businesses?

Correct: C

Q:41 )Which of the following is NOT a major element of the strategic management process?

Sol:

A:) Formulating strategy

B:) Implementing strategy

C:) Evaluating strategy

C:) Assigning administrative tasks

Correct: D

Q:42 )Competitive advantage can best be described as:

Sol:

A:) increased efficiency.

B:) what sets an organization apart.

C:) a strength of the organization.

D:) intangible resources.

Correct: A




Q:43 )_______________ is the foundation of blue ocean strategy

Sol:

A:) Innovation

B:) Value creation

C:) Value innovation

D:) value cost trade-off

Correct: c

Q:44 )The various organizational routines and processes that determine how efficiently and

effectively the organization transforms its inputs into outputs are called:

Sol:

A:) strengths.

B:) core competencies.

C:) capabilities.

D:) customer value.

Correct: b

Q:45 )When defining strategic management the most important thing to remember is that it is:

Sol:

A:) Not as easy as you think

B:) Mainly the province of senior managers

C:) A living evolving process

D:) More conceptual than practical

e. A way of determining responsibilities

Correct: C




Q:46 ) An organisation’s strategy:

Sol:

A:) remains set in place longer than the mission and objectives

B:) generally forms over a period of time as events unfold

C:) tends to be formed at the same time the mission is developed and objectives are formulated

D:) is usually conceived at a single time when managers sit down and work out a

comprehensive strategic plan for the next 3-5 years

Correct: B

Q:47 )The primary focus of strategic management is:

Sol:

A:) strategic analysis

B:) the total organisation

C:) strategy formulation

D:) strategy implementation.

Correct: B

Q:48 ) Which of the following is not an advantage of strategic management?

Sol:

A:) It provides organisations with a clearer sense of direction and purpose

B:) It helps improve the political, economic, social and technological environment of the

organisation

C:) It helps orientate management decisions to relevant environmental conditions

D:) It helps organisations be proactive rather than reactive

Correct: b




Q:49 )Which of the following defines what business or businesses the firm is in or should be in?

Sol:

A:) Business strategy

B:) Corporate strategy

C:) Functional strategy

D:) National strategy

Correct: b

Q:50 )Which of the following defines how each individual business unit will attempt to achieve

its mission?

Sol:

A:) Business strategy

B:) Corporate strategy

C:) Functional strategy

D:) National strategy

Correct: a

UNIT: 1 INTRODUCTION OF INTERNATIONAL BUSINESS

Documents

Transcript of UNIT: 1 INTRODUCTION OF INTERNATIONAL BUSINESS