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Current Affairs January 2024

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Trade Related Investment Measures (TRIMS) doesnt apply for

A. Measures that affect trade in goods.

B. Measures that lead to restrictions on quantities.

C. Discouraging measures that limit a companys imports.

D. Discouraging measures that limit a companys exports.

Correct Answer :

B. Measures that lead to restrictions on quantities.


Related Questions

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Credits transferable by original beneficiary in favor of secondary beneficiary are known as

A. Deferred credits

B. Transit credits

C. Instalment credits

D. Transferable credits

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The income level of residents in a country is indicated by

A. gross national income.

B. gross domestic product.

C. per capita gross national income.

D. per capita gross domestic product.

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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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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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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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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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Conglomerate FDI refers to

A. FDI made by a group of firms.

B. FDI made in subsidiaries.

C. FDI made in similar products.

D. FDI made in unrelated products.

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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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Power distance Index (PDI) of 77 compared to a world average of 56.5 for India indicates

A. High level of inequality of power and wealth within the society

B. Low level of inequality of power and wealth within the society

C. High level of Political corruption

D. Low level of Human development Index

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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

Trade Related Investment Measures (TRIMS) doesnt apply for

A. Measures that affect trade in goods.

B. Measures that lead to restrictions on quantities.

C. Discouraging measures that limit a companys imports.

D. Discouraging measures that limit a companys exports.

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4

According to this theory the holdings of a countrys treasure primarily in the form of gold constituted its wealth.

A. Gold Theory

B. Ricardo Theory

C. Mercantilism

D. H .O. THEORY

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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

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

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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Which is the right sequence of a stages of Internationalization

A. Domestic, Transnational, Global, International, Multinational

B. Domestic, International, Multinational, Global, Transnational

C. Domestic, Multinational, International, Transnational, Global

D. Domestic, International, Transnational, Multinational, Global

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________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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Free international trade maximizes world output through

A. Countries specializing in production of goods they are best suited for.

B. Reduction in taxes.

C. Increased factor income.

D. Encouraging competition.

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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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India is an

A. Emerging economy

B. Developed economy

C. Less developed economy

D. None of these

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Which of these is a characteristic of multinational corporations>

A. At least one -third directors are foreign nationals

B. The company does 40% of its business in foreign markets

C. The overseas markets are larger than the domestic market

D. The affiliates are responsive tio a number of important environmental forces

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Specific cultural dimensions that does not have a significant impact on cross-national business interactions is

A. Hofstedes five cultural dimensions

B. Monochromatic vs polychromatic tune

C. Communication

D. Geography

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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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Monetary policy relates to controlling

A. money supply.

B. money supply and interest rate.

C. money supply, interest rate and exchange rate.

D. credit creation by banks.

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Factor of Interdependence in Multi-domestic strategy is

A. Low

B. Moderate

C. High

D. Very High

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As a part of WTO guidelines, Agreement on Agriculture (AOA) doesnt consider

A. Direct payments to farmers are permitted.

B. Indirect assistance and support to farmers including R & D support by govt. are not permitted.

C. Domestic policies which directly effect on production and trade have to be cut back.

D. Least developed countries do not need to make any cuts.

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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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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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For the society, religion has no influence on

A. holidays.

B. language.

C. role of women.

D. marketing practices.

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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