International Business MCQ Question with Answer

International Business MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

Question No : 1
The income level of residents in a country is indicated by

gross national income.

gross domestic product.

per capita gross national income.

per capita gross domestic product.

Question No : 2
Which of the following is an advantage of turnkey projects?

Can earn a return on knowledge asset

Will not create a competitor

Tight control of operations

All the above

Question No : 3
India is an

Emerging economy

Developed economy

Less developed economy

None of these

Question No : 4
Which one of the following is a method for an exporter to get a contract

Proforma invoice

Purchase order

Sales contract

All the above

Question No : 5
Free international trade maximizes world output through

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

Reduction in taxes.

Increased factor income.

Encouraging competition.

Question No : 6
By having business in different countries, a firm reduces

credit risk.

political risk.

financial risk.

business risk.

Question No : 7
Countries/ regions with huge market size will attract

Market seeking FDI.

Efficiency seeking FDI.

Vertical FDI.

Created assets seeking FDI.