Business Environment and International Business MCQs

Which of the following have been recognized under the intellectual property eligible for creation of rights as per WTO mandate?
(1) Computer software, music disc, performing art
(2) Geographical indicator
(3) Global positioning system
(4) Journals, books, seeds, design, brand

Which of the following are not effects of dumping on an importing country?
(i) Domestic industry might be affected adversely by a decline in sales and profits.
(ii) If dumping is continued for a longer period, survival of the domestic industry may be threatened.
(iii) Dumping may create BOP problems for the country.
(iv) It finds market for its surplus production.

Which combination of the following is correct with regard to World Trade Organization (WTO)?
(1) WTO initiates peace process among the member countries to enhance international trade.
(2) WTO avoids the task of 'Settlement of Disputes' among the member countries.
(3) WTO administers the 'Trade Review Mechanism'.
(4) WTO cooperates in an appropriate manner with the IMF and the World Bank.

Indicate the correct answer of the following statements being correct or incorrect. The statements relate to the type of transactions recorded in the current/capital accounts of the Balance of Payments.
Statement (I): The capital account consists of long-term capital transactions only.
Statement (II): The current account includes all transactions which give rise to or use up national income.

World Trade Organization is the only global international organization dealing with the rules of trade between nations. Which of the following statements support this?
Statement I: At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
Statement II: The goal is to ensure that trade flows as smoothly, predictably and freely as possible.

Possible impact of WTO on various aspects of the Indian economy:
(i) Quantitative restriction will be allowed
(ii) Second hand cars will be imported
(iii) There will be dumping of Chinese goods
(iv) Increase in population
(v) Child labour exploitation
(vi) Unemployment will increase
Which combination is appropriate?

Indicate the right sequence of the stages of internationalization.
(i) Multinational Company
(ii) Global Company
(iii) Transnational Company
(iv) International Company

Consider the following statements about the Foreign Trade Policy 2015-20 are correct?
(1) This policy focuses on boosting exports and create jobs while supporting the Centre's 'Make in India and Digital India' programs.
(2) The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export.
(3) The policy is to move towards paperless working in 24 × 7 environments.
(4) The policy comes at a time when export growth contracted 15% in February 2014-15, reporting a negative growth for the third consecutive month.

Currently, in which areas is FDI in India prohibited?
1. Atomic energy
2. Lottery business
3. Gambling and betting
4. Chit fund trade
5. Nidhi company
6. Home and real estate business
7. Construction of cigars and business
8. Metro rail