International Business Test

Result

International Business Test - 20

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Weekly Quiz Competition

Question 1
1 / -0

The exchange of goods exclusively between two countries is known as _______.

A
trade

B
bilateral trade

C
import

D
export

Solution

A bilateral trade is the exchange of goods between two nations promoting trade and investment . The two countries will reduce or eliminate tariffs, import quotas, export restrains and other trade barriers to encourage trade and investment.
Question 2
1 / -0

Setting up a new firm in a foreign country for operations is also known as _____________.

A
new establishment

B
green field venture

C
open market operations

D
foreign portfolio investments

Solution

Greenfield Venture is a form of market entry strategy with establishment of a new wholly owned subsidiary in a foreign country by constructing its facilities from start. Through Greenfield venture, a business enters a new market without the help of another business which is already present there.
Question 3
1 / -0

The parent company has to make 100 per cent _________ in the foreign subsidiaries.

A
debt capital

B
foreign direct investment

C
venture capital

D
equity investments

Solution

The parent company acquires full control over the foreign company by making 100 per cent investment in equity capital. When a company makes a full investment of equity capital of a company,hence the company is owned.
Question 4
1 / -0

Various trade promotion measures and schemes available to business firms are mentioned in the ___________ policy.

A
organisational

B
export-import

C
government

D
legislative

Solution

Various trade promotion measures and schemes available to business firms are mentioned in the export-import policy. this export-import policy is also known as the EXIM policy.
Question 5
1 / -0

At present there are ______ EPCs dealing with different commodities.

A
34

B
21

C
15

D
20
Question 6
1 / -0

Under the ___________ scheme, an exporter is allowed duty free supply of inputs required to manufacture export goods.

A
export manufacturing under bod scheme

B
advanced license scheme

C
exemption of payment of sales tax

D
all of the above

Solution

Under the advanced license scheme, an exporter is allowed duty free supply of inputs required to manufacture export goods.
Question 7
1 / -0

______________ facility entitles firms to produce goods without payment of excise and other duties.

A
EPCG

B
Duty drawbacks

C
Export manufacturing under bond scheme

D
Neither of the above

Solution

Export manufacturing under bond scheme facility entitles firms to produce goods without payment of excise duties and other duties. the duties that are paid for the export goods are also refunded under duty drawback scheme.
Question 8
1 / -0

______________ is to encourage the import of capital goods for export production.

A
EPCG

B
Exemption of payment of sales tax

C
Advance licence scheme

D
All of the above

Solution

Export Promotion Capital Goods (EPCG) scheme is to encourage the import of capital goods for export production, it allows import of capital goods including spares for pre production, production, post production of export goods at zero duty.
Question 9
1 / -0

Which organisation sets the rule of trade on a global scale?

A
World Trade Organisation

B
World Organisation of Trade

C
Both (A) and (B)

D
None of the above

Solution

World Trade Organisation
The World Trade Organization is the only international institution that oversees the global trade rules between nations. The WTO is based on agreements signed by the majority of the world's trading nations. The main function of the organization is to help producers of goods and services, exporters, and importers protect and manage their businesses.
Question 10
1 / -0

The word franchise is a ___________ word.

A
Anglo British

B
Anglo Indian

C
Anglo French

D
Anglo Greek

Solution

A BRIEF HISTORY OF FRANCHISING The History and Evolution of Franchising The word “franchise” is derived from the Anglo-French word meaning “liberty.” In Middle French, it is “franchir” to free. In Old French, it is “franc,” signifying free. The French term “francis” means granting rights or power to a peasant or serf.

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Re-Attempt Weekly Quiz Competition

International Business Test - 20

Result

International Business Test - 20

Score

-

Rank

-

SHARING IS CARING

Question 1

trade

bilateral trade

import

export

Solution

Question 2

new establishment

green field venture

open market operations

foreign portfolio investments

Solution

Question 3

debt capital

foreign direct investment

venture capital

equity investments

Solution

Question 4

organisational

export-import

government

legislative

Solution

Question 5

34

21

15

20

Question 6

export manufacturing under bod scheme

advanced license scheme

exemption of payment of sales tax

all of the above

Solution

Question 7

EPCG

Duty drawbacks

Export manufacturing under bond scheme

Neither of the above

Solution

Question 8

EPCG

Exemption of payment of sales tax

Advance licence scheme

All of the above

Solution

Question 9

World Trade Organisation

World Organisation of Trade

Both (A) and (B)

None of the above

Solution

Question 10

Anglo British

Anglo Indian

Anglo French

Anglo Greek

Solution

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