International Business Multiple Choice Questions PDF

PDF Name	International Business Multiple Choice Questions
No. of Pages	8
PDF Size	1.59 MB
Language	English
PDF Category	Education & Jobs
Source / Credits	Multiple Sources
Uploaded By	Pradeep

International Business Multiple Choice Questions - Summary

Discover the exciting world of International Business with our user-friendly guide of Multiple Choice Questions (MCQs) aimed at boosting your knowledge. This valuable PDF is ideal for students, professionals, or anyone curious about international trade and finance. You can download this International Business MCQs PDF to test your understanding and prepare for exams.

International Business Multiple Choice Questions

1. The first phase of globalization started around 1870 and ended with …..
a. World War I
b. World War II
c. The Establishment of GATT
d. In 1913 when GDP was High
Ans: a

2. IBRD (International Bank for Reconstruction and Development) is also known as
a. Exim Bank
b. World Bank
c. International Monetary fund
d. International Bank
Ans: b

3. Ultimately ………………was replaced by the …………….on 1st Jan 1995
a. GATS, WTO
b. WTO, GATT
c. GATT, WTO
d. IMF, GATT
Answer: c

4. What is the correct order of stages in Internationalization?
a. Domestic, Transnational, Global, International, Multinational
b. Domestic, International, Multinational, Global, Transnational
c. Domestic, Multinational, International, Transnational, Global
d. Domestic, International, Transnational, Multinational, Global
Answer: b

5. When subsidiaries take the regional environment into account for policy and strategy formulation, it is known as
a. Polycentric Approach
b. Regiocentric Approach
c. Ethnocentric Approach
d. Geocentric Approach
Answer: b

6. According to this theory, a country’s wealth is primarily based on its treasure, mainly gold.
a. Gold Theory
b. Ricardo Theory
c. Mercantilism
d. Hecksher Theory
Answer: c

7. The Theory of Absolute Cost Advantage was proposed by
a. David Ricardo
b. Adam Smith
c. F W Taylor
d. Ohlin and Heckscher
Answer: b

8. The Theory of Relative Factor Endowments was proposed by
a. David Ricardo
b. Adam Smith
c. F W Taussig
d. Ohlin and Hecksher
Answer: d

9. The theory of comparative cost advantage was formulated by
a. David Ricardo
b. Adam Smith
c. F W Taussig
d. Ohlin and Hecksher
Answer: a

10. ……………is the application of knowledge that redefines the boundaries of global business.
a. Cultural Values
b. Society
c. Technology
d. Economy
Answer: c

11. The three types of economic systems are:
a. Capitalistic, Communistic, and Mixed
b. Social Systems
c. Cultural Attitudes
d. Political Systems
Answer: a

12. Which of the following is not an Indian Multinational Company?
a. Unilever
b. Asian Paints
c. Piramal
d. Wipro
Answer: a

13. Globalization refers to:
a) Lower incomes worldwide
b) Less foreign trade and investment
c) Global warming and its effects
d) A more integrated and interdependent world
Answer: d

14. Which of the following is not included in the Porter Five Forces model?
a. Buyers
b. Suppliers
c. Complementary products
d. Industry rivalry
Answer: c

15. Comparative Cost Trade Theory was proposed by
a. Adam Smith
b. David Ricardo
c. Gottfried Haberler
d. Heckscher Ohlin
Answer: b

16. …….is the payment method most commonly used in International Trade, offering the exporter the best assurance of payment for products sold globally.
a. Bill of Lading
b. Letter of Credit
c. Open Account
d. Drafts
Answer: b

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