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International Business Test - 10

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International Business Test - 10
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Outsourcing a part or entire production and concentrating on marketing operations in international business is known as ________.
    Solution
    Contract manufacturing is basically the outsourcing of part of the manufacturing process of a product to a third party. It is used by many U.S. companies. Hence, outsourcing a part or entire production and concentrating on marketing operations in international business is known as contract manufacturing.
  • Question 2
    1 / -0
    Which type of Privatisation is common in utility services and transport?
  • Question 3
    1 / -0
    Which one of the following modes of entry permits greatest degree of control over overseas operations?
    Solution
    A wholly owned subsidiary is a company where 100% of the share capital is invested by the parent company or the holding company. In case of foreign or overseas operations, this kind of mode is preferred as this gives the total control in the hands of the holding company. The holding company gets full authority to decide whether to start new operations or to procure an existing company doing business overseas in order to establish the subsidiary company.
  • Question 4
    1 / -0
    In 1995-96, India's imports have increased to ________________.
  • Question 5
    1 / -0
    The World Trade Organisation is the successor to the ____________.
  • Question 6
    1 / -0
    The first biennial ministerial meeting of the WTO was held in _____________.
    Solution
    Trade, foreign, finance and agriculture Ministers from more than 120 World Trade Organization Member governments and from those in the process of acceding to the WTO participated in a Ministerial Conference in Singapore from 9 to 13 December 1996. The Conference was the first since the WTO entered into force on 1 January 1995. It included plenary meetings and various multilateral, plurilateral, and bilateral business sessions
    Hence, option (A) is the correct answer.
  • Question 7
    1 / -0
    The WTO has ___________.
  • Question 8
    1 / -0
    The first ministerial meeting of WTO was held in _________.
    Solution
    First Ministerial Meeting of the WTO: On 9th December 1996, the first inaugural ministerial meeting of the 128 member  World Trade Organisation (WTO) was held in Singapore, which is the first of its kind since the world trade body replaced the General Agreement on Tariffs and Trade in January 1995.
    Hence, option (B) is the correct answer.
  • Question 9
    1 / -0
    The International Finance Corporation was established in _________.
  • Question 10
    1 / -0
    Main objectives of the EXIM Bank is/are ________________.
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