Which one of the following modes of entry permits greatest degree of control over

overseas operations?
A. Licensing/franchising
B. Wholly owned subsidiary
C. Contract manufacturing
D. Joint venture
ANSWER: B

Which one of the following modes of entry brings the firm closer to international
markets?
A. Licensing
B. Franchising
C. Contract manufacturing
D. Joint venture
ANSWER: D

How many accounts there in Balance of Payment?

A. 2
B. 5
C. 3
D. 6
ANSWER: C

An agreement between the US, Canada, and Mexico that allows them to trade with each
other without paying import taxes also known as:
A. NAFTA
B. World Bank
C. WTO
D. UNCTAD
ANSWER: A

Which trade theory says that manufacturing a product with high efficiency as
compared to any other country on the globe is highly advantageous?
A. Absolute Advantage
B. Mercantilism
C. Comparative Advantage
D. Global Strategic Rivalry Theory
ANSWER: A

If the currency of any country is depriciated who will be the benificary of that
country:
A. Importer
B. Exporter
C. Importer and Exporter both
D. None of these
ANSWER: B

Why World Bank was established?

A. To promote the International Trade
B. To reconstruct the economies damaged during the Second World War
C. To improve the adverse Balance of Payment situation of the non-member
countries
D. None of the above
ANSWER: B
Which of the following institutions is not part of the World Bank community?
A. IBRD
B. WTO
C. IDA
D. IFC
ANSWER: B

What do you understand by the acronym SWIFT?

A. Safety Width in Financial Transactions
B. Society for Worldwide International Financial Telecommunication
C. Society for Worldwide Interbank Financial Telecommunication
D. Swift Worldwide Information for Financial Transaction
ANSWER: C

Which one of the following is not amongst India’s major import items?
A. Ayurvedic medicines
B. Oil and petroleum products
C. Pearls and precious stones
D. Machinery
ANSWER: B