International Business Test

Result

International Business Test - 6

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Weekly Quiz Competition

Question 1
1 / -0

Under the chairmanship of V.L.D'Souza, the Export Promotion Committee was setup in the year ________________.

A
1957

B
1962

C
1964

D
1966

Solution

The government of India appointed another committee in 1957 under the chairmanship of V.L. D'souza to make a comprehensive study of all aspects of trade promotion.
Hence, option (A) is the correct answer.
Question 2
1 / -0

The franchiser allows the franchisee to use his _______under a license.

A
Trademark

B
Company seal

C
Company goods

D
Company management

Solution

The franchiser allows the franchisee to use his trademark under a license to start a business franchise and its processes.
Question 3
1 / -0

Globalisation of financial services is being promoted by _____________.

A
World Trade Organisation

B
International Finance Corporation

C
International Bank for Reconstruction and Development

D
International Monetary Fund
Question 4
1 / -0

The franchisee does not enjoy exclusive rights in his territory.

A
False

B
Partly false

C
True

D
Partly true

Solution

The franchisee has started with an established business of the franchiser and enjoys exclusive rights in his territory of business.
Hence, the following statement is false.
Question 5
1 / -0

Host Country Nationals are also known as __________.

A
Expatriates

B
Local Nationals

C
Repatriation

D
International management

Solution

Local nationals. Also known as host-country nationals, these employees are hired for jobs in their own country. For example, a United Kingdom citizen who is employed at Coca Cola's U.K. subsidiary is a local national
Question 6
1 / -0

Franchising is the practice of using another firms _________.

A
Workers

B
Property

C
Successful business model

D
All of the above

Solution

Franchising is the practice of using another firm's successful business model. a franchise is a business opportunity that allows the franchisee to start a business by legally using someone else's expertise, ideas, and processes.
Question 7
1 / -0

LDC stands for_____________.

A
Least developed countries

B
Less demanding countries

C
Both a & b

D
None of the above

Solution

LDC The Least Developed Countries is a list of developing countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development, with the lowest Human Development Index ratings of all countries in the world.
Question 8
1 / -0

Which is true as far as a Joint Venture is concerned?

A
The dual ownership arrangement may not lead to conflicts, resulting in battle for control between the investing firms.

B
Foreign firms entering into joint ventures does not share the technology and trade secrets with local firms.

C
Joint venture is a very common strategy for entering into foreign markets.

D
All of the above

Solution

A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.
Question 9
1 / -0

Consequent to the decision in ______ round, the GATT was transformed into World Trade Organisation (WTO).

A
Uruguay

B
Torquay

C
Annecy

D
Geneva
Question 10
1 / -0

Which of the following is not the objective of the WTO?

A
To improve the standard of living of peoples of the member countries.

B
To enlarge production and trade of goods.

C
To protect environment.

D
To improve the Balance of Payment situation of the member countries.

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Re-Attempt Weekly Quiz Competition

International Business Test - 6

Result

International Business Test - 6

Score

-

Rank

-

SHARING IS CARING

Question 1

1957

1962

1964

1966

Solution

Question 2

Trademark

Company seal

Company goods

Company management

Solution

Question 3

World Trade Organisation

International Finance Corporation

International Bank for Reconstruction and Development

International Monetary Fund

Question 4

False

Partly false

True

Partly true

Solution

Question 5

Expatriates

Local Nationals

Repatriation

International management

Solution

Question 6

Workers

Property

Successful business model

All of the above

Solution

Question 7

Least developed countries

Less demanding countries

Both a & b

None of the above

Solution

Question 8

The dual ownership arrangement may not lead to conflicts, resulting in battle for control between the investing firms.

Foreign firms entering into joint ventures does not share the technology and trade secrets with local firms.

Joint venture is a very common strategy for entering into foreign markets.

All of the above

Solution

Question 9

Uruguay

Torquay

Annecy

Geneva

Question 10

To improve the standard of living of peoples of the member countries.

To enlarge production and trade of goods.

To protect environment.

To improve the Balance of Payment situation of the member countries.

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