International Business Test

Result

International Business Test - 26

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

The company that hires the contract manufacturer should keep in mind that the manufacturer has other customers. This is identified from which of the following limitations?

A
Lack of Control

B
Relationships

C
Quality Concern

D
Capacity Concerns
Question 2
1 / -0

In ________, a firm itself approaches the overseas buyers/ suppliers and looks after all the formalities related to exporting/importing activities.

A
direct exporting/importing

B
indirect exporting/importing

C
contract manufacturing

D
none of the above

Solution

A situation in which a company sells its products directly to customers in another country without using another person or organisation to make arrangements for them, or a product that is sold in this way: The direct export of goods involves certain procedures.
Question 3
1 / -0

One of the items is not related with e-banking ___________.

A
Demand draft

B
SPMS

C
ECS

D
ATM
Question 4
1 / -0

By which of the following methods a Company Secretary can be removed from his post?

A
By passing a resolution in Board Meeting

B
By order of Registrar of Companies

C
By passing a resolution in Annual General Meeting

D
None of the above
Question 5
1 / -0

_____ is an important document used by freight forwarders to prepare a bill of lading and to understand how much cargo is needed.

A
Packing list

B
Electronic Export Information

C
Consular Invoice

D
Commercial Invoice
Question 6
1 / -0

A _______ is a form available through a consular representative of the country youre shipping to and it certifies the shipment of goods.

A
commercial Invoice

B
certificate of manufacturer

C
consular invoice

D
dock receipt
Question 7
1 / -0

For importing or exporting, the business or individual must obtain _________.

A
Commercial invoice

B
Import Export Code

C
Airway bill

D
Bill of Lading

Solution

IMPORTER EXPORTER CODE ( in short IEC ) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export.
Question 8
1 / -0

Securities future value is Rs 1, 000, 000 and present value of securities is Rs 500, 000 with an interest rate of 4.5%, 'N' will be ____________.

A
16.7473 years

B
0.0304 months

C
15.7473 years

D
0.7575 years
Question 9
1 / -0

Identify the description of domestic business from the the following.

A
It serves many countries at the same time.

B
Research reliability varies from country to country.

C
The quality standards of products and services provided is relatively low.

D
It is subject to rules, law taxation, tariff and quotas of many countries.

Solution

Domestic Business is defined as the business whose economic transaction is conducted within the geographical limits of the country. International Business refers to a business which is not restricted to a single country, i.e. a business which is engaged in the economic transaction with several countries in the world.
Question 10
1 / -0

Identify the limitation(s) of importing/ exporting form of international business.

A
Exporting/importing involves additional packaging, transportation and insurance costs.

B
Exporting is not a feasible option when import restrictions exist in a foreign country.

C
Export firms basically operate from their home country.

D
All of the above
Solution
Disadvantages
Economic dependence: Too much dependence on imports may undermine the economy of a country.
Restricted growth of home industries: Foreign trade may discourage the growth of domestic industries.
Misuse of natural resources.
Political exploitation.
Import of harmful goods.
Rivalry among nations.
Invasion of culture.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

International Business Test - 26

Result

International Business Test - 26

Score

-

Rank

-

SHARING IS CARING

Question 1

Lack of Control

Relationships

Quality Concern

Capacity Concerns

Question 2

direct exporting/importing

indirect exporting/importing

contract manufacturing

none of the above

Solution

Question 3

Demand draft

SPMS

ECS

ATM

Question 4

By passing a resolution in Board Meeting

By order of Registrar of Companies

By passing a resolution in Annual General Meeting

None of the above

Question 5

Packing list

Electronic Export Information

Consular Invoice

Commercial Invoice

Question 6

commercial Invoice

certificate of manufacturer

consular invoice

dock receipt

Question 7

Commercial invoice

Import Export Code

Airway bill

Bill of Lading

Solution

Question 8

16.7473 years

0.0304 months

15.7473 years

0.7575 years

Question 9

It serves many countries at the same time.

Research reliability varies from country to country.

The quality standards of products and services provided is relatively low.

It is subject to rules, law taxation, tariff and quotas of many countries.

Solution

Question 10

Exporting/importing involves additional packaging, transportation and insurance costs.

Exporting is not a feasible option when import restrictions exist in a foreign country.

Export firms basically operate from their home country.

All of the above

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.