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Current Affairs January 2024

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4

CISF pricing includes the following

A. Commission is paid to the agent involved in the transaction

B. Cost of the goods exported

C. Freight & Insurance charges for the goods exported

D. All of the above

Correct Answer :

D. All of the above


Related Questions

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4

An attribute that doesnt contribute to Porters Diamond model is

A. Government

B. Organized Trade union

C. Factor Conditions

D. Demand Conditions

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4

_______ theory states that, lack of resources often helps countries to become competitive

A. Competitive theory

B. Porters Diamond Model

C. Theory of Mercantilism

D. Product life cycle theory

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4

In 90s the global management perception was based on

A. Standardization v/s adaptation

B. Globalization v/s localization

C. Global integration v/s Local Responsiveness

D. Local responsiveness

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4

General Agreement on Trade in Services will not be applicable to

A. Services supplied from one country to another cross border supply

B. Transaction of goods across the border Export Import

C. Individuals traveling from own country to supply services in another presence of natural persons.

D. Consumers/firms making use of a service in another country consumption abroad.

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4

Religion of a person affects his/her

A. attitude towards entrepreneurship.

B. gifting practices.

C. use of products.

D. all of the above.

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4

The five forces that affect the level of competition in an industry are

A. Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry.

B. Threat of buyers; power of entry; power of substitutes; threat of suppliers; threat of recession.

C. Threat of recession; power of buyers; power of suppliers; threat of management failure; competitive rivalry.

D. Threat of entry; power of buyers; power of suppliers; threat of substitutes; government action

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4

Firm that operates internationally is able to

A. earn a greater return from their skills and core competencies

B. realize location economies where they can be performed most efficiently

C. realize greater experience curve economies, which reduces the cost of production

D. All the above

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4

Which of the following is an advantage of turnkey projects?

A. Can earn a return on knowledge asset

B. Will not create a competitor

C. Tight control of operations

D. All the above

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4

The world trade organization was formed in the year _________ with GATT as it basis.

A. 1992

B. 1993

C. 1995

D. 1994

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4

General Agreement on Trade in Services will not be applicable to

A. Services supplied from one country to another cross border supply

B. Transaction of goods across the border Export Import

C. Individuals traveling from own country to supply services in another presence of natural persons.

D. Consumers/firms making use of a service in another country consumption abroad

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4

Theory of Mercantilism propagates

A. Encourage exports and imports

B. Encourage exports and discourage imports

C. Discourage exports and imports

D. Discourage exports and encourage imports

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4

IBRD (International Bank for Reconstruction and Development) also known as

A. EXIM Bank

B. World Bank

C. IMF

D. International Financial Bank

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4

Which one of the following is a method for an exporter to get a contract

A. Proforma invoice

B. Purchase order

C. Sales contract

D. All the above

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4

The country that attracts the largest FDI inflow is

A. India

B. China

C. USA

D. Brazil

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4

When the transaction is of high value, complex In nature and more technical __________ method of the export sales contract is used.

A. Performa invoice

B. Purchase order

C. Sales contact

D. None of the above

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4

Ultimately ……………… was replaced by the …………….on 1st Jan 1995

A. GATT/WTO

B. GATS/IMF

C. WTO/WORLD BANK

D. WORLD BANK/WIPO

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4

Which of these is/are the characteristic of a licensing agreement

A. The licensor might provide access to some of its patents or trademarks

B. The licensor might provide access to technology

C. It might be used to avoid the risks of foreign involvement

D. All of the above

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4

________theory states that, lack of resources often helps countries to become competitive

A. Competitive theory

B. Porters Diamond Model

C. Theory of Mercantilism

D. Product life cycle theory

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4

An attribute that doesnt contribute to Porters Diamond model is

A. Government

B. Organized Trade union

C. Factor Conditions

D. Demand Conditions

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4

The following is not a component of culture

A. Attitudes.

B. Beliefs.

C. Education.

D. Life expectancy.

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4

A country with high uncertainty avoidance will witness

A. lower level of stress among people.

B. decision taken as a result of group consensus.

C. less dependence on rules and regulations.

D. people are serene.

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4

A firm investing in a foreign country to distribute the products there in creation of

A. Asset seeking FDI.

B. Backward vertical FDI.

C. Forward vertical FDI.

D. Distribution FDI.

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4

The world trade organization was formed in the year _________ with GATT as it basis.

A. 1993

B. 1994

C. 1995

D. 1996

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4

Quantitative restrictions refer to limit set by countries to curb

A. Imports

B. Exports

C. Imports and Exports

D. All of the above

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4

The Theory of Relative Factor Endowments is given by

A. Ohilin-Hecksher

B. FY Taylor

C. Richardo

D. Porter

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4

Subsidiaries consider regional environment for policy / Strategy formulation is known as

A. Polycentric Approach

B. Regiocentric Approach

C. Ethnocentric Approach

D. Geocentric Approach

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4

When the exporter, expects the importer, to make the payment immediately upon the draft being presented to him is called.

A. Sight Draft.

B. Usance Draft

C. Demand draft

D. Pay Note

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4

Analysing the business environment best assists in

A. Identifying key competitive forces; identifying competitive position; identifying key opportunities, threats, strengths and weaknesses.

B. Auditing macro environmental influences; identifying key competitive forces; identifying competitive position; identifying key opportunities and threats.

C. Auditing external and organisational factors; identifying key competitive forces; identifying competitive position; identifying key opportunities and threats.

D. Assessing historical trends; auditing environmental dangers; identifying strategic capabilities; identifying competitive position.

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4

No new investment in the host country is created in the case of

A. Greenfield FDI.

B. Acquisition.

C. Horizontal FDI.

D. Vertical FDI.

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4

By having business in different countries, a firm reduces

A. credit risk.

B. political risk.

C. financial risk.

D. business risk.