Question 1:- WTO was formed in the year

a) 1948
b) 1973
c) 1995
d) 1999

Question 2:- Globalization means

a) Integration of An economy with rest of the world
b) Trading across the borders
c) Financial Integration
d) All of the above

Question 3:- WTO is

a) The apex body of trade
b) Liberalized the trade by reducing tariffs
c) a permanent organization
d) All of the above

Question 4:- Exchange rate is determined through the interaction of demand and supply as there is no
intervention of central bank is known as
a) Managed float exchange rate system
b) Pure/Independent Float Exchange Rate System
c) Crawling exchange rate system
d) Currency board

Question 5:- Foreign Trade policy is formulated by…………and the current policy is valid till ….
a) RBI, 31/3/2019
b) RBI, 31/3/2020
c) DGFT, 31/3/2019
d) DGFT, 31/3/2021

Question 6:- Transactions under SPOT exchange rates are settled within
a) 2 Days
b) 5 Days
c) 7 Days
d) 10 Days

Question 7:- Devaluations of a currency is done by…

a) Global Forces
b) Market Forces
c) Government Forces
d) Organizational Forces

Question 8:- Keiretsu (a group of firms tied together by cross shareholdings) is used in
…………….corporate governance.
a) Japanese
b) Chinese
c) Italian
d) American
Question 9:- Inflation rates, interest rates and budget deficits are studied under…………………
environment.
a) Economic
b) political
c) demographic
d) socio-cultural

Question 10:- Technological advancements can create which of the following advantage besides many
other existing powerful advantages for the businesses?
a) Economic
b) Competitive
c) Social
d) Environmental

Question 11:- Business environment basically comprises of ……due to its uncontrollable nature
a) Internal Environment
b) External Environment
c) Both a and b
d) None of the above

Question 12:- TRIPS and TRIMS are included under

a) WTO
b) GATT
c) Both a and b
d) None of the above

Question 13:- The Duty Credit Scripts can be used for: Payment of Customs duties for import of inputs
or goods or any other tax payable for import under …………Scheme of FTP 2015-20.
a) MEIS
b) SEIS
c) Both a and b
d) None of the above

Question 14:- Mandatory document/s required for export of goods from India as per FTP 2015-20
are/is
a) Bill of Lading /Airway Bill
b) Commercial Invoice cum Packing List*
c) Shipping Bill/Bill of Export
d) All the above

Question 15:- Five Star exporter has export performance of ……….as per FTP (2015-20).
a) 3 Mn Dollar
b) 25 Mn Dollar
c) 500 Mn Dollar
d) 2000 Mn Dollar

Question 16:- Opportunities and Threats under SWOT comprises of

a) Internal factors
b) Global Factors
c) External Factors
d) All the above

Question 17:- FERA was introduced in the year …….and is replaced by …….
a) 1999, GATT
b) 1999, FEMA
c) 1973, FEMA
d) 1973, GATT

Question 18:- In analyzing the demographic segment of the general environment, one typically
examines all of the following factors EXCEPT
a) age structure
b) cultural values
c) ethnic mix
d) distribution of income

Question 19:- The drivers of globalization includes …

a) Liberalization
b) Communication
c) Logistics (SEA)
d) All of the above

Question 20:- Which one of the following area can be the weakness of a firm?
a) Ineffective Marketing
b) High oil prices
c) Increasing pollution
d) Changing lifestyle