Professional Documents
Culture Documents
1. Globalisation is:-
a. Service markets
b. Industrial markets
c. Consumer markets
d. Technology markets
5. Global brands are produced in:-
a. One country
b. One region
c. Different countries
d. None of the above
a. WTO
b. IMF
c. GATT
d. UN
8. Average tariff levels of developed countries during 1950's were in the range of:-
a. 8-15%
b. 14-20%
c. 10-15%
d. 4-6%
a. 3.9%
b. 4%
c. <3%
d. 5%
12. Share of the world output is shifting from developed countries to developing countries.
a. Agree totally
b. Totally disagree
c. Very small shift
d. Agree to some extent
b. Somewhat agree
c. Disagree
d. Agree completely
14. The low labour carries the major reason, why Asian economies are getting investment by MNCs.
a. Disagree
c. Agree
a. USA
b. Germany
c. Japan
d. UK
a. USA
b. Germany
c. Japan
d. UK
a. Sweden
b. Finland
c. Germany
d. Japan
a. USA
b. UK
c. Germany
d. Japan
20. Globalisation is driving the world towards greater prosperity and growth.
a. Completely disagree
b. Agree to some extent
c. Neither agree nor disagree
d. Completely agree
21. Increased international trade & investment will result in lower prices for consumers.
a. Completely agree
b. Agree to some extent
c. Disagree
d. Liberalization will stimulate economic growth
a. Completely agree
b. Disagree
c. Agreed to some extent
d. Liberalization is blame for job losses and not globalization
24. Inspite of economic prosperity of globalisation, we see lot of protests due to:-
25. Many people believe that W.T.O is the main promoter of globalisation.
a. Do not agree
b. Agreed to some extent
c. Completely agree
d. Free trade and not W.T.O
26. A lot of agreement is being made about globalisation which is nothing but the American cultural
imperialism on other countries.
a. Capitalism
b. Shift towards market economy
c. Mixed economy
d. None of the above
a. Collectivism
b. Capitalism
c. Socialism
d. Individualism
a. Innovation
b. Entrepreneurship
c. Right political system
d. All of the above
a. Delicensing
b. Removal of barriers
c. Opening of market for FDI
d. Deregulation, privatization & laws to support market economy
39. A document issued to the exporter that the bank will pay a certain sum to him on presentation of the
same, is called:-
a. Bill of Lading
b. Draft
c. Exporting License
d. Letter of Credit
40. When parent country nationals are holding all key positions in a company, it signals _____ approach
of staffing.
(i) Ethnocentric (ii) Geocentric (iii) Polycentric (iv) Regio-centric
1. How have changes in technology contributed to the globalization of markets and production? Would
the globalization of production and markets have been possible without these technological
changes?
2. Outline why the culture of a country might influence the costs of doing business in that country.
Illustrate your answer with examples.
3. Do you think that business practices in an Islamic country are likely to differ from business practises
in the United States, and if so, how?
4. What are the implications for International Business of differences in the dominant religion and/or
ethical system of a country?
5. It is unreasonable to expect Western businesses active in developing nations to adhere to the same
ethical standards they use at home. Discuss.
6. Mercantilism is a bankrupt theory that has no place in the modern world. Discuss.
7. Drawing on the Theory of Comparative Advantage to support your arguments, outline the case for
free trade.
8. In 1972, gold standard was abandoned for monetary purpose. Now what are the standards used by
Central bank to monitor currency value?
9. Compare & contrast the entry strategies of exporting, licensing & franchising.
10. What are the major differences between International Business & Domestic Business?