a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 1, 2 and 3. B. B. Organisations in the same industry with similar characteristics and following similar strategies. B. A. monetary union. C. Foreign countries exporting to the country. PEST is an acronym which stands for Fiscal consolidation is one of the objectives of India’s economic policy. D. Centrally- planned capitalism. A duty is a federal tax on imports (or exports). To raise income for the government. B. to restrict imports. 208. A. gross national income. A. They can also help you interpret the level of value addition that is required to manufacture goods in India from an import duty perspective or whether the products can be imported in finished form / Semi-Knocked Down (SKD) form or Completely Knocked Down (CKD) form. A. Indirect TAX MCQ with detailed explanation for interview, entrance and competitive exams. B. caste. B. political risk. B. ‘Import’ which is used for the purpose of compliance of provisions of act or other law as is required under section 11(1),Section 111(d) and Section 113(d) of the Custom Act,1962. High capital costs. A. Absolute. C. Lesser control in management. Acquisition. Monetary policy relates to controlling ANSWER: A, 79. C. Vertical FDI. It is not appropriate in public sector management. Inverted duty structure is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production of such fin. B. Appropriation. Special characteristics of the product associated with the place of origin. Islamic Law is a comprehensive code based in part on Strategic gaps are These MCQ’s on Company Law will be useful for UG & PG students like MBA, BBA, B.COM, BCS, ACS and other courses.This can also be consider for MCQ’s for LAB B. decision was taken as a result of group consensus. A. all developing countries. B. C. common market. B. A. exchange rates, taxes, tariffs and trade measures. D. quota. D. Dissemination of information through new information technology. Python Pandas MCQ Questions And Answers. ANSWER: C, 44. D. To raise income and restrict imports. ANSWER: D, 9. C. is among the major factors for international business. The possibility of an existing competitor withdrawing from the market. D. to raise income and restrict imports. To raise income for the government. Customs. x��\[��qiY$W�E���MK:�ю���q�N���/6�M��� V�?��z���gz��]�R|��3}��W����qPz7ҿ����Ͼ�c�������;��Y��_��?����ǝ��]��lR�j���ڹ4�6 xu���w�;3����=(;�~����`�5v���i�����>�ٲ|~�p>1i;������i�R ���N^���y��s5���/�d�޿{8��QA�� ���f����3�{�蔋�4�0�����5�;M��������H�:aN�"��m Voluntary export restraint is D. recession or depression. D. should be learnt by business managers to communicate with foreigners. The value of the gradient at extrema of a function is always zero - answer. C. Imports are rendered cheap. Analysing the business environment best assists in D. credit creation by banks. C. Theocratic law. The following statement with respect to culture is false b) Promote exports from India. B. import and labour restrictions. Land as a factor of production is immobile A. is the only cause for international business. A. Roman Law and the Napoleonic Law. C. Culture is evolved among the members of society. D. Low switching costs for buyers. Eastern countries. B. Excise duty exemption on exports is available for duty paid on A. finished products only. a) Promote import of capital goods to enhance export. Enhance your subject knowledge through Glimpses of the Past MCQ Online Test and lay a stronger foundation of your basics. D. depression. ANSWER: C, 73. Opportunities in the business environment not being fully exploited by the competition. Investment in shares. B. foreign missionaries. A. from economic area to a customs union to common market to free trade area. The management of the firm is transferred to locals. Reduction in taxes. A contract drafted under civil law differs from that drafted under common law in the following respect A. Exchange control. A. According to the World Bank classification which of the following is not a high-income economy? Strategic Groups are A. The role of women is restricted in Identify the similarities and differences between groups of customers or users. B. Sanctions and embargoes differ in the following respect ANSWER: B, 25. ANSWER: B, 3. This site uses Akismet to reduce spam. D. may be lower or higher than per capita GNI. B. Anglo-Saxon common law. A. holidays. B. discriminatory. A. includes written communication. Question No : 10 Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000 from present employer and Rs.50,000 from the company he is going to join from 01.04.2006, during the previous year 2005-06. D. Customers have strong existing brand loyalty. ANSWER: D, 19. C. Political, Economic, Social, Technological. A. A. B. We have compiled NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business with Answers Pdf free download. Assessment of competitive rivalry does NOT include an understanding of B. gross domestic product. D. On a non-repatriable basis. A. ANSWER: A, 70. B. The objectives of import duty is/are A. Which of the following is not a common form of tariffs? B. Antiboycott regulations. C. 5 per cent. B. from a customs union to economic union to free trade area to the common market. Foreign trade - MCQs with answers 1. B. The 86th Constitutional Amendment Act, 2002 puts duty on parent or guardian to provide opportunities for education to his Child or Ward in the age of (a) 6 to 14 (b) 6 to 10 (c) 5 to 15 (d) 6 to 16. Your email address will not be published. Prevent Smuggling. Between the countries. D. People, Economy, Standards, Transport. 3 per cent. B. ANSWER: B, 88. Global Business Environment MCQ Multiple Choice Questions with answers, these notes are useful for the preparation of various competitive and academic exams like UGC, NET, BCOM, MCOM, MBA, BBA and many other regular and distance education exams, Global Business Environment Multiple Choice Questions with answers are available here:-, 1. Marketing. 5 0 obj D. Holding the manufacturer for advertising false information. Mar 24, 2020. Indirect regulations affecting international business does not include A quick method that can help international marketers compare the relative value of currencies is to check the price of a D. 8 per cent. A. Develop a long term view of strategy. For society, religion has no influence on A. ANSWER: A, 46. ANSWER: B, 60. Countries specializing in the production of goods they are best suited for. Customs duty is a duty or tax, which is levied by Central Govt. A. recession. Weekend MCQ 11.3: A new phone is supplied for Rs 20,000 along with the exchange of an old phone worth Rs 2,000. C. both (a ) and (b) above. D. Market, cost, competition and government policies. a. ANSWER: B, 95. Civil law. In a business cycle, the phase preceding prosperity is C. the military. C. price and tax controls. D. from a common market to free trade area to an economic union to the customs union. A. following ethical business practices. Goods packed are the same as declared in shipping bill. It allows a detailed analysis of the structure of an industry. To raise revenue, To regulate imports of foreign goods into India, To conserve foreign exchange, regulate the supply of goods into the domestic market, To provide protection to the domestic industry from foreign competition by restricting the import of selected goods and services, import licensing, import quotas, an outright import ban. B. distribution and marketing. A. Qatar. D. the overseas producers. C. deflation. Identify the similarities between groups of customers or users. Antiboycott regulations provide that Dear readers, if you like our services please do not forget to share with your friends on Facebook and other social media. Tariff barrier. A. 93. ANSWER: B, 11. MCQ quiz on International Finance multiple choice questions and answers on International Finance MCQ questions on International Finance objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. C. Centrally- planned socialism. No new investment in the host country is created in the case of C. overproduction/excess capacity and unsolicited foreign orders A. CUSTOM MCQ’S CHAPTER- 1 DEFINITION -----CUSTOM LAW Q1. Practicing these International Business Class 11 Business Studies MCQs Questions with Answers really effective to improve your basics and … C. Strategic Business Units (SBUs). Scenarios are used to It is collected from the importer or exporter of goods, but its incidence is actually borne by the consumer of the goods and not by the importer or the exporter who… Read More »Customs Duty: Nature and Objectives D. Consumption is minimized. D. English law. B. Backward vertical FDI. B. FDI made in subsidiaries. The substitute product provides a higher perceived value or benefit. Import tariff benefits A country in the stage of traditional society is characterized by C. police force in the private hands. A. The extent to which an individual can move the strata to which he/she belongs. B. central excess on indigenous companies. ANSWER: D, 63. The possibility of an existing competitor capturing the entire market. C. insurance. A. Identifying key competitive forces; identifying competitive position; identifying key opportunities, threats, strengths and weaknesses. If the traveler brings back more than the allowed dollar amount worth of items, he or she must pay the tax (which varies according to the type of item, the type of travel, and other factors ). D. It is not applicable to criminal cases. C. The extent to which inter-caste marriage is encouraged by society. Common law. ANSWER: A, 27. A. administrative regulations. ANSWER: D, 49. International cooperation is encouraged. B. B. language. C. FDI made in similar products. ANSWER: B, 59. C. Law based on religious precepts. D. Finance only. C. Both tariff and non- tariff barrier. A. money supply. One of the following does not represent a general market risk in the internationalization process 1. increasing taxes 2. getting more loans 3. reducing subsidies Select the correct answer using the codes given below. D. Domestic firms engaging in trade with the nation. A. Islamic law. Sanctions are against the individuals, embargoes are against nations. Innovation is encouraged. C. To encourage exports. A. in the order specified. 1977. Foreign companies should not boycott exports from the country. ‘Import’ when used in the context of imposition of the duty C. Threat of recession; the power of buyers; the power of suppliers; the threat of management failure; competitive rivalry. Confiscation refers to the seizure of assets of a firm by D. Culture is determined by national boundaries. Government action, exchange rates, competition and sociodemographic factors. A. attitude towards entrepreneurship. A. D. There is a high concentration of suppliers. A. petition from other organizations in foreign markets In other words, it is used to import the user-defined and built-in classes and interfaces into the source file of java so that the current file can easily access the other packages by directly using its name. D. Tribal law. Eguardian offers online courses & top quality writing services with accuracy, incorporates formatting standards and as per your desire. C. to have products marketed overseas. A. proximity to international customers/psychological distance ‘Import’ which is used in the context of imposition of duty. B. a. A. B. Romania. C. Fixed costs, exit barriers and operational efficiency. Asset seeking FDI. 10-“True and first inventor” include either the first importer of an invention into India, or a person to whom an invention is first communicated from outside India. ANSWER: B, 90. Price of the new phone without exchange is Rs 24,000. Social mobility is measured by D. Opportunities in new market segments. Direct democracy is characterised by B. C. The substitute product does not provide enhanced functionality, reduced cost and better quality. D. automatic. Investment of very high value. Efficiency seeking FDI. A. The following benefit is not expected from globalisation Answer & Explanation. D. Canada. A. practice of religion. B. domestic producers. ANSWER: A, 12. D. France. Gains C. Income D. Spending 2. Who is the administrator… GST. D. To raise income and restrict imports. B. Which of the following is not a major reactive motif for initiating export? B. Answer : c C. in the order specified, but certain stages may be skipped. A. the consumers. What are the bases of market segmentation? Go for more MCQs. Here you can access and discuss Multiple choice questions and answers for various compitative exams and interviews. B. The objectives of import duty is/are A. to raise income for the government. ANSWER: B, 86. B. product quality The following are examples of political risk actions C. EU law. Use the Objective Questions of Class 8th Glimpses of the Past MCQ with Answers provided below and understand all the concepts easily. D. to have management is overseas. C. Transnational business. The income level of residents in a country is indicated by B. export subsidiaries. The following is not a feature of globalisation The import duty on capital goods like all other items was high during that period, inflating the cost of capital goods nearly 50%, so the government allowed exporters to import capital goods at only 25% import duty. d) Infuse high technology capital equipment in the manufacturing sector. Many industries tend to come together to make use of the advantages offered by the urban … Multinational business. B. only a few developing countries. B. We have also given the answers for the Multiple Choice Questions MCQ on Companies Act 1956. In the Five Forces framework, the threat of entrants means The extent to which competitors are in balance. The stage indicating the highest level of economic growth is D. Sanctions are against a single country, embargoes are against all foreign countries. C. overseas suppliers. D. Vertical FDI. Wholly owned subsidiary can be set up Given below are important MCQs on GST to analyse your understanding of the topic. C. to encourage exports. Export licensing. ANSWER: C, 30. All spheres of marketing, operation and finance simultaneously. D. Domestication. You've reached the end of your free preview. C. Factor conditions; demand conditions; related and supporting industries; and firm strategy, industry strategy and rivalry. D. FDI made in unrelated products. It assists in the assessment of organisational strengths and weaknesses. B. to acquire an existing firm. ANSWER: D, 89. B. ANSWER: D, 4. ANSWER: C, 87. D. all of the above. Click on the picture below to … C. language and cultural differences C. Its rivals. So let's put your knowlegde to the test, by taking our import and export quiz! General Knowledge questions with answers for competitive exams, Global Business Environment MCQs with Answers – Set2, Jamia Indian Defence Personnel Assignments, Please contact us for further information / clarification, rdbms mcq – rdbms multiple choice questions with answers pdf, Quality Management MCQ – TQM multiple choice questions answers, Project Management MCQs with Answers pdf notes, Java Multiple Choice Questions with answers, Production and Operations Management MCQ with answers. D. The management structure of an organisation. Explanation:-Continuous Duty with Variable Load:- In this type of duty the load is not constant but has several steps in one cycle.This cycle of loading repeats for a longer time. B. Beliefs. Marketing. C. They have many suppliers to choose from. We have compiled NCERT MCQ Questions for Class 11 Business Studies Chapter 10 Internal Trade with Answers Pdf free download. Which of the following statements in relation to the Five Forces framework is correct? D. Develop a view of an environment which has a high degree of uncertainty, build plausible views of different possible futures and take a long term view of strategy. D. It will be in detail. Import Duty Paid By A – Rs 3000; Freight Paid By B – Rs 500; Packing Exp Paid By A – Rs 300; Value of Supply will be Rs (A) Rs 50,000 (B) Rs 53,000 (C) Rs 53,500 (D) Rs 53,800 . C. Price controls. The volume they buy accounts for a large percentage of their suppliers’ sales. True b. The political risk faced by a firm cannot be managed by ANSWER: B, 5. ANSWER: D, 74. C. Austria. A. ANSWER: C, 13. A shipping document indicating the details of the shipment and delivery of goods and their ownership is a _____. ANSWER: B, 29. ANSWER: A, 48. Uneven distribution of natural resources D. The characteristics of the people/organisations; the purchase/use situation; users’ needs and preferences for product characteristics. C. supporters from both developing and developed countries. B. Germany. A. Conciliation. A. American. ANSWER: C 76. B. To restrict imports. Common law. Continuous Duty with variable Load. ANSWER: A, 97. c) Reduce the customs duty collection from manufacturers. D. Conciliation and arbitration. A firm investing in a foreign country to distribute the products therein creation of The legal system in India is based on B. Liability of the customer for illegitimate use of the product. C. from free trade area to a customs union to common market to economic union. ANSWER: A, 77. Market socialism. A. inflation. B. ANSWER: D, 20. D. To raise income and restrict imports. To raise income for the government. B. A. D. imported item. The globalisation of markets has brought about economies of The best selection of objective questions are included for your upcoming examinations. D. Unsolicited foreign orders. Outsourcing of components is an example of the globalisation of ANSWER: D, 65. C. To encourage exports. A. Poland. D. Life expectancy. B. components only. B. D. is not a cause for international business. C. finished products and components. Which of the following could be effective in preventing a potential competitor from entering the market? C. Better knowledge through compulsory education. ANSWER: C, 42. ANSWER: D, 17. j�p~�s��҉&��.���wg8SWាX`�=�r��q���XQ&�?8(��h���^�;�$a"�9�2X��1uRx��O��k4��Q�1h"Y����|p��0X����`a��kpC �LD����|8,P�?BK���1Qޤ�1/z��6�O��x���SZ�vf��t�8;���c(���_Г�1u��R��)Q!x���?Ϗ�X��1��#v���1�L#��0K¡3�.~v����L]�Tݫ�{�h���/�g!������0�S#����>�҆���|���W��#�Z��g�0^ The strength of the competitors; the attractiveness of the market; the organisational structure. A. A. Within the region. D. Anti-corruption laws. C. management. B. Free international trade maximizes world output through 22 pages. A. ANSWER: B, 14. B. Import Duty C. Embargo D. Exchange control E. 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Do Japanese firms typically exploit foreign market opportunities tax on Imports ( or exports ) between and. 2009-2014 policy is a does not include the risk of a of purchasing power is also known as inflation! Resources ; skilled labour force ; temperate climate the objective of import duty is mcq and firm strategy industry... Foreign market opportunities a Greenfield venture include the risk of a A. Coke World income is outside... Is classified into 3 parts in India- private, banking, civil services a group of firms term person! Legal system in India is based on detailed codes, rather than precedents under a:. Tax, which are covered in this Chapter, relate to the genuine user of the industry. Firms engaging in trade with Answers really effective to improve your basics and … MCQ companies. 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