Business Environment and International Business MCQs

Consider the following statements.
Assertion (A): The industrial growth in India has been hampered by the burden of many controls and regulations.
Reason (R): The New Industrial Policy seeks to liberate the industry from the shackles of Licensing System

Arrange the stages in anti-dumping investigation process in right sequence.
(i) Initiation
(ii) Preliminary screening
(iii) Rejection of unsubstantiated information
(iv) Provisional findings
(v) Final findings and measures
(vi) Permitting the exporting country to modify the practices

Consider the following statements.
Assertion (A): Amended Patent Act, in compliance with WTO, provides for grant of product patent as well as a process patent for a period of 20 years from the date of application.
Reason (R): Under the Act, patent may be granted to an invention which means a new product or process involving an inventive step and capable of industrial application, a technical advance over existing knowledge.

Foreign investment can be made through which of the following routes?
1. Foreign Direct Investment (FDI)
2. Foreign Portfolio Investment (FPI)
3. Private Equity Investment (PEI)
4. Foreign Venture Capital Investors (FVCI)
Choose the correct answer

Match the following.

List-I	List-II
a. Internal environment	1. Skilled labour
b. External environment	2. Financial and physical resources
c. Financial resources	3. Customer and competitor
d. Human resources	4. Financial and profitable use of funds

Match the items of List-II with List-I to identify the correct option which are related to legal forces affecting international marketers.

List-I	List-II
a. Tariff	1. A regulation specifying the proportion of a finished product's components and labour that must be provided by importing country.
b. Import Quota	2. Tax imposed on product entering a country and used to protect domestic producers and/or raise revenue.
c. Local- content Law	3. A requirement that a product contain or exclude certain ingredients or that it be tested and certified as meeting certain restrictive standards.
d. Local operating Law	4. Limiting amount of a particular product that can be brought into a country, to protect domestic industry or broadening access to its markets.
e. Standards and Certification	5. A refusal to buy products from a particular company or country.
f. Boycott	6. A constraint on how, when or where retailing can be conducted.

Internal environment of a business includes:
(i) Business ethics and moral standards
(ii) Business and managerial policies
(iii) Prospects of business development
(iv) Government rules and regulations
(v) Industrial relations

Match the items of List-I with items of List-II.

List-I	List-II
a. Wider Market	1. Modes of Entry
b. Turn-key Projects	2. Goal of International Business
c. Expanding the production	3. Advantages of International Business capacities
d. Geocentric approach	4. Stage of Globalization

Which among the following are criticisms given against World Trade Organization (WTO)?
(1) It is not a democratic and transparent institution.
(2) It has domination of international trade by rich countries for the benefit of their individual interests.
(3) It encourages a 'race to the bottom' in wages by pitting workers against each other rather than promoting internationally recognized labour standards.
(4) It is seeking to privatize essential public services.