452B - International Business

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Dr.G.R.Damodaran College of Science (Autonomous, affiliated to the Bharathiar University, recognized by the UGC)Reaccredited at the 'A' Grade Level by the NAAC and ISO 9001:2008 Certified CRISL rated 'A' (TN) for MBA and MIB Programmes II MBA[2012 - 2015] Semester - IV Core:International Business - 452B Multiple Choice Questions. 1. ____________ involves commercial activities that cross national frontiers. A. Modern Business. B. Business. C. Domestic trade. D. International Business. ANSWER: D 2. With the globalization of markets, the tastes and preferences of consumers worldwide are. A. Converging upon a global norm. B. Becoming similar to the tastes and preferences of American consumers. C. So different that they can be ignored by international organizations. D. Being encouraged by multinational organizations to become increasingly similar ANSWER: A 3. Downloading goods or services from foreign countries for the purpose of manufacturing goods and services can be termed as ____________ A. Importing. B. Exporting. C. Franchising. D. Licensing. ANSWER: A 4. Being a global organization means. A. Customizing the product range for each segment in part. B. Creating standardised products for homogenious markets. C. Creating both standardized and customized products. D. None of the above. ANSWER: C 5. I am constructions, Railway track constructions, Airport maintenance is the example for ___________ A. Management contract. B. Construction activities. C. Contract manufacturing. D. Turnkey project.

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ANSWER: D 6. A global market leader is an organization which. A. Has more than 50% global market share. B. Is recognized as being ahead of the rest in terms of market share. C. Is ahead of the competition in terms of global innovation. D. Has the monopoly over several foreign markets. ANSWER: B 7. Implementing manufacturing facilities in host country is called as ____________ A. . Mergers. B. Contract manufacturing. C. Management contract. D. Fully owned manufacturing facilities. ANSWER: D 8. The main aim of global marketing is to. A. Find global customers. B. Satisfy global customers better than competitors. C. Coordinate the marketing activities within the constraints of the global environment. D. Achieve all of the above. ANSWER: D 9. A tariff is ____________. A. A tax on imports only. B. A tax on exports only. C. A on either imports or exports. D. A luxury tax. ANSWER: C 10. Which one is wrong? A. Customer is the center of all Marketing activities. B. Marketing focuses on the needs and wants of customers. C. Marketing is all about seliing goods and services. D. It is concerned about satisfying customers through supply of goods and services ANSWER: A 11. The team __________ is sometimes applied to a situation where by firm in one country provides a team of expert managers to an enterprise in another country for a period under contract. A. Turnkey project. B. Management contract. C. Contract manufacturing. D. Franchising. ANSWER: B 12. Green Marketing is A. Making environment friendly products. B. Making more products with natural ingredients. 1/23/2014 3:18 PM

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C. Make use of more green colors in packages. D. Educate marketers about the importance of natural environment. ANSWER: A 13. __________ refers to the compulsions of the domestic market such as saturation of the market, which prompt companies to internationalise A. Competitions. B. . Push factors. C. Pull factors. D. Market situation. ANSWER: B 14. The process of dividing a total market into market groups so that persons within each group have relatively similar product needs is called. A. Segmenting. B. Differentiating. C. Target marketing. D. Concentrating. ANSWER: A 15. _____________ is those forces of attraction which take the business to the foreign markets. A. Competitive forces. B. Push factors. C. Internationalisation. D. Pull factors. ANSWER: D 16. ____________________ are products bought by individuals and organizations for Further processing or for use in conducting a business. A. Consumer products. B. Services. C. Industrial products. D. Specialty products. ANSWER: C 17. One of the easy ways to manage a product life cycle is ____________ A. Competition. B. International business. C. Monetary policy. D. Proper planning. ANSWER: B 18. Using a successful brand name to introduce additional items in a given product category under the same brand name (such as new flavors, forms, colors, added ingredients, or package sizes) is called a(n). A. Line extension. B. Brand extension. C. Multibranding. D. New brands. 1/23/2014 3:18 PM

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ANSWER: A 19. The term __________ refers to the increase in purchase behaviour of a customer or consumer seeing that a particular company occupies major part of its sale in foreign country. A. Obsolescence. B. Consumer taste. C. Swip-off. D. Spin-off. ANSWER: D 20. _________________ is a principle of enlightened marketing that requires that a company seek real product and marketing improvements. A. Innovative marketing. B. . Consumer-oriented marketing. C. Value marketing. D. Sense-of-mission marketing. ANSWER: A 21. Ethnocentrism is pre-dominantly a _____________ country orientation A. Home B. Host C. Regional D. World ANSWER: A 22. The stage is the product life cycle that focuses on expanding market and creating product awareness and trial is the. A. Decline stage. B. Introduction stage. C. Growth stage. D. Maturity stage. ANSWER: B 23. Regiocentrism is __________ orientation A. Home country. B. Host country. C. Regional. D. World. ANSWER: C 24. A ________________ is a promotion strategy that calls for using the sales force and trade promotion to move the product through channels. A. Push strategy. B. Pull strategy. C. Blocking strategy. D. Integrated strategy. ANSWER: A

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25. Expand MNC _______________ A. Multi-National Competition. B. Multi-Nodel Corporation. C. Multi-National Corporation. D. Multi-Nodel Competition. ANSWER: C 26. Which of the following is NOT one of the five stages of the buyer decision process A. Need recognition. B. Brand identification. C. Information search. D. Purchase decision. ANSWER: B 27. A global company can leverage its experience to expand it ___________ A. Resources. B. Financial operations. C. Global operations. D. Competition. ANSWER: C 28. A company is practicing ________________ if it focuses on subsegments with distinctive traits that may seek a special combination of benefits. A. Micromarketing. B. Niche marketing. C. Mass marketing. D. Segment marketing. ANSWER: B 29. A product has ___________ kinds of utility A. 3 B. 4 C. 2 D. 5 ANSWER: B 30. A company faces several major decisions in international marketing. The first of these decisions is often. A. Deciding whether to go international B. . Looking at the global marketing environment. C. Deciding which markets to enter. D. Deciding how to enter markets. ANSWER: B 31. ______________ is a person's distinguishing psychological characteristics that lead to relatively consistent and lasting responses to his or her own environment. A. Psychographics. B. Personality. 1/23/2014 3:18 PM

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C. Demographics. D. Lifestyle. ANSWER: B 32. As a part of world trade organization guidelines agreement on agriculture does not concider A. Direct payment to farmers are permitted B. Indirect assistance and support to farmers including research and development for farmers C. Domestic policies which directly affect on production and trade D. Least developed countries do not need to make any cuts ANSWER: B 33. A Most Favored nation status does not necessarily refers to A. Same and equal economic treatment. B. Non-discriminatory treatment C. Same tariff rates applicable D. Uniform civil code ANSWER: D 34. ________________ is screening new-product ideas in order to spot good ideas and drop poor ones as soon as possible. A. Idea generation. B. Concept development and testing. C. Idea screening. D. Brainstorming. ANSWER: C 35. 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. ANSWER: D 36. Technological advances, shifts in consumer tastes, and increased competition, all of which reduce demand for a product are typical of which stage in the PLC? A. Decline stage. B. Introduction stage C. Growth stage. D. Maturity stage. ANSWER: A 37. The basic objective of export Promotion Council is to promote and develop the exports of the ____________. A. Particular products of country. B. Only attractive projects of the country. C. Only services industry products of the country D. Overall exports of the country. ANSWER: D 1/23/2014 3:18 PM

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38. The advantages of audience selectivity, no ad competition and personalization apply to which type of media? A. Newspapers. B. Television. C. Direct Mail. D. Radio. ANSWER: C 39. Which one of the following is not a cause but a consequence of Globalization? A. Deregulation abroad. B. Integration of Markets. C. Technology and know-how. D. Greater institutionalization abroad. ANSWER: B 40. All of the following would be ways to segment within the category of psychographic segmentation EXCEPT. A. Social class. B. Occupation. C. Lifestyle. D. Personality. ANSWER: B 41. Which one of the following systems occurred first in the history of international banking? A. Post Britton Woods. B. European Monetary Union C. Gold Standard. D. Gold Exchange Standard. ANSWER: A 42. Which of the following is correct? International retailing is the meeting of consumers' needs in international markets by. A. Domestic retailers adopting a concept. B. Export agents in international markets. C. International retail organizations. D. Wholesalers in international markets. ANSWER: C 43. What approach should a brand manager adopt to know the status of a brand stands in terms of consumer perceptions A. Compare two or three brands B. Analyze the market segmentations. C. Select the potential target markets. D. Understanding customer needs. ANSWER: A 44. ASEAN means _____________. 1/23/2014 3:18 PM

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A. Association of south East Asian Nations. B. Associatin of South East American Nations. C. Association of South East Allocated Nations. D. Association of South East African Nations. ANSWER: A 45. Which of the following is basically getting into different versions of the same base product on the same market? A. Product extension. B. Brand diversification C. Market extension. D. Line extension. ANSWER: D 46. When did India introduce the new Economic Policy? A. 1986 B. 1991 C. 1992 D. 1996 ANSWER: B 47. Which of the following is not considered part of direct marketing? A. Advertising. B. Inserts. C. Direct mail. D. Telemarketing. ANSWER: A 48. What is EO? A. Export Online. B. Export Obligation. C. Export Oil refineries. D. Export Offer. ANSWER: B 49. Cost plus pricing is. A. Charging the highest possible price. B. Ensuring you are the lowest cost producer C. Pricing by calculating the cost of production and adding on a margin. D. Charging marginally more than the competition. ANSWER: C 50. FOB Means ______________. A. Foreign Oil Board. B. Foreign Online Board. C. Free On Board. D. Foreign Order Board. ANSWER: C 1/23/2014 3:18 PM

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51. Arabia & Robusta is famous for ____________ in exports. A. Tea. B. Coffee. C. Yarn. D. Tobacco. ANSWER: B 52. What does GATT mean? A. General Agreement on Trade & Traffic. B. General Agreement on Trade & Tariff. C. General Agreement on Trade & Transport. D. General Agreement on Tariff & Trade. ANSWER: B 53. Which country is not under European Union? A. Italy. B. Portugal. C. Spain. D. Mexico. ANSWER: D 54. What does SAARC mean? A. Southeast Asian Association for Regional Conference. B. South Asian Association for Regional Conference. C. South African Association for Regional Conference. D. South . ANSWER: B 55. Which country is a member of SAARC? A. Bangladesh. B. New Zealand. C. Italy. D. Spain. ANSWER: A 56. GATT was set up on October 30th 1947 in ______________. A. Oslo. B. Alaska. C. Geneva. D. Atlanta. ANSWER: C 57. Expand DEPB A. Duty entitlement Pass Book Scheme. B. Duty essential Pass Book Scheme. C. Duty entitled Program Book Scheme. D. Duty Embedded Pass Book Scheme. 1/23/2014 3:18 PM

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ANSWER: A 58. ____________ means selling the home countrys goods service in foreign country. A. Marketing. B. Sales. C. Export. D. Import. ANSWER: C 59. GATT was signed in the year ______________. A. 1913 B. 1947 C. 1948 D. 1973 ANSWER: B 60. ___________ is the global body dealing with trade between nations. A. WTO. B. WHO. C. GATT. D. FERA. ANSWER: A 61. The individuals specific behavior in the market place is affected by internal factor ____________ A. Attitudes. B. Family. C. Culture. D. Economic. ANSWER: A 62. ____________ in export business assumes greater significance as many parties are involved in single transaction. A. Taxation. B. Documentation. C. Marketing. D. Banking. ANSWER: B 63. Social Marketing is primarily concerned with _____________. A. Changing culture. B. Changing the status quo. C. Motivating volunteers. D. Influencing behavior. ANSWER: A 64. __________ documents are also known as transport documents. A. Bill of lading. B. Airway bill. 1/23/2014 3:18 PM

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C. Combined transport document. D. All the above. ANSWER: B 65. ___________ is issued when goods are shipped using ocean transport A. Airway bill. B. Transport Document. C. Bill of lading. D. Bill of Exchange. ANSWER: C 66. The certificate issued by the EIA after conducting the pre-shipment inspection is ___________. A. Certificate of Inspection. B. Certificate of Transport. C. Certificate of Export. D. Export Documentation. ANSWER: A 67. When the consumers are classified on the basis of religion, customs, culture are termed as __________ A. Demographic segmentation. B. Geographic segmentation. C. Socio- economic segmentation. D. Psychographic segmentation. ANSWER: C 68. Once the goods are received on board the ship the master of the ship issues a document called ____________. A. Receipt. B. Call receipt. C. Mates receipt. D. Bill of exchange. ANSWER: C 69. Culture refers to. A. Social values language customs. B. Needs motives perception. C. Wants search decide. D. Product preference. ANSWER: A 70. ___________ industry plays a major role in automobile industry. A. Tata motors. B. Reliance. C. Toyota. D. Honda. ANSWER: A 71. Engineering exports contributed ________ percentage increase during the past three years 1/23/2014 3:18 PM

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A. 17 B. 27 C. 38 D. 49 ANSWER: C 72. Trade bodies are established by _____________. A. Government of India. B. Trade authorities. C. Government of TamilNadu. D. Commodity boards. ANSWER: A 73. MLPS refers to _____________. A. Market Linked Focus Production Scheme. B. Market Legal Focus Priority Scheme. C. Market Linked Federation Production Scheme. D. Market Linked Focus Process Scheme. ANSWER: A 74. ______________ contributes to major export turnover of our country A. Leather sector. B. Tea. C. Coffee. D. BPO. ANSWER: D 75. What does MDA refers to? A. Market Development Association. B. Market Deemed Association. C. Market Development Assistance. D. Market Deemed Assistance. ANSWER: C 76. BPO gives ____________% increase in export turnover annually. A. 50 to 60 B. 60 to 70 C. 70 to 80 D. 80 to 90 ANSWER: B 77. IMF refers to _____________. A. International Monetary Focus. B. International Monetary Force. C. International Monetary Fund. D. Interdependent Monetary Force. ANSWER: C

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78. Traditional Production export rate in 1965to 66 is _____________. A. 42 percent B. 52 percent C. 62 percent D. 72 percent ANSWER: D 79. Export policy resolution in 1970 was______________. A. Human relation. B. Marketing function. C. Quality control. D. Promoting wealth. ANSWER: C 80. The export policy resolution was started in the year ____________. A. 1966. B. 1970. C. 1982. D. 1994 ANSWER: B 81. Income tax exemption to 100 percent EOUs and STPs under ____________. A. sec 11 b and c B. Sec 12 a and b C. sec 5 a and c D. sec 10 b and a ANSWER: D 82. Traditional product export rate in 1997 to 98 ___________. A. 43 percent B. 55 percent C. 67 percent D. 24 percentg ANSWER: D 83. Indias rank in export is ____________. A. 2 B. 5 C. 7 D. 10 ANSWER: B 84. In which year Washington adopted bar value system? A. 1945. B. 1946. C. 1947. D. 1948. ANSWER: B 1/23/2014 3:18 PM

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85. The simplest sense of business activity that transcends national boundaries is known as _____________. A. Foreign trade. B. International Business. C. Private Business. D. Government Business. ANSWER: B 86. ITA refers to _______________. A. Industries and Trade Association. B. Internal and Trade Association. C. International Trade Association. D. Institution and trade Association. ANSWER: A 87. GDP refers to _______________. A. Gross Developed Product. B. Gross domestic Product. C. Grade developing Product. D. Grade domestic Product. ANSWER: B 88. The commodity board focuses on ________________. A. Industrial Products. B. Electronic Products. C. Machineries. D. Agricultural products. ANSWER: D 89. ECGC refers to ______________. A. Export Credit Guarantee column. B. Export Credit Guarantee council. C. Export credit Guarantee Corporation. D. None of these. ANSWER: C 90. SIDBI came into existence in the year ______________. A. 1940. B. 1975. C. 1989. D. 1990. ANSWER: D 91. SIDBI refers to _______________. A. Strong Industries Development Bank of India. B. Small Industries Development Bank of India. C. State Industries Development Bank of India. 1/23/2014 3:18 PM

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D. Small scale industries Development Bank of India. ANSWER: B 92. How many copies of shipping bills are required during shipping? A. 1 B. 5 C. 8 D. 10 ANSWER: B 93. The growth of global economy is very essential for healthy growth of an International _______________. A. Trade & export. B. Import & export.. C. Trade & export. D. Imports. ANSWER: C 94. Exports are generally classified into traditional product and _____________. A. International product. B. Non traditional product. C. Manufacturing products. D. Cosmetic Products. ANSWER: D 95. How many markets are added under focus scheme? A. 15. B. 26. C. 28 D. 32 ANSWER: B 96. IMF refers to _________________. A. International Money Fund. B. Internal Money Function. C. Internal Money Fund. D. Import Mode Fund. ANSWER: A 97. Quiet refers to global units of accounts called _______________. A. Units. B. Quality. C. Digits. D. Quantity. ANSWER: A 98. Exporting is the process of _____________. A. Hunting. 1/23/2014 3:18 PM

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B. Loss. C. Earning. D. Gambling. ANSWER: C 99. ______________ is the process of earning money by selling products and services in foreign market. A. Trade. B. Export. C. Import. D. EXIM. ANSWER: B 100. ___________ is one of the largest producer & consumer of tea. A. India. B. Japan. C. China. D. Canada. ANSWER: A 101. Import of capital goods under EPCG scheme is subject to A. Terms and conditions of agreement. B. Conditions of law of exporting country. C. Actual user condition. D. Conditions of law of importing country. ANSWER: C 102. The export proceeds shall be realized in A. Any foreign currency B. Non- convertible currency. C. Convertible currency. D. Home currency only. ANSWER: C 103. The export promotion scheme that enables the post export replenishment of duty on inputs used in the export product is A. Replenishment licence. B. Duty remission scheme. C. Duty exemption scheme. D. Duty free replenishment certificate. ANSWER: B 104. The import of inputs used in the manufacture of export product is permitted without payment of the basic customs duty under A. Replenishment licence. B. Duty remission scheme. C. Duty exemption scheme. D. Duty free replenishment certificate. ANSWER: D 1/23/2014 3:18 PM

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105. A. FOB value of the export realized/ FOR value of supply received B. CIF value of imported inputs covered by the licence. C. CIF value of the export realized/ FOR value of supply received. D. FOB value of imported inputs covered by the licence. ANSWER: A 106. A. FOB value of the export realized/ FOR value of supply received. B. CIF value of imported inputs covered by the licence. C. CIF value of the export realized/ FOR value of supply received. D. FOB value of imported inputs covered by the licence. ANSWER: B 107. The export promotion scheme with the objective to neutralize the incidence of Customs duty on the import content of the export product is A. Export Promotion Capital Goods. B. Export Credit Guarantee. C. Duty Free Replenishment. D. Duty Entitlement Passbook. ANSWER: D 108. The licence that is transferable is A. Export licence. B. Advance licence. C. DEPB licence. D. REP licence. ANSWER: C 109. The exporters of gems and jewellery are eligible to import their inputs by oblaining A. Export licence. B. Advance licence. C. DEPB licence. D. REP licence. ANSWER: D 110. The commonly used type of Letter of Credit is A. Revocable. B. Irrevocable. C. Confirmed. D. Unconfirmed ANSWER: B 111. The terms of payment where the documents is released to the importer on payment only is A. Documents against acceptance. B. Documents against payment. C. Bill of exchange. 1/23/2014 3:18 PM

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D. Sight bill. ANSWER: B 112. RCMC is the acknowledgement for the registration with A. Export Promotion Council. B. Commodity Board. C. State Trading. D. Chamber of Commerce. ANSWER: A 113. The authorized person for the decision regarding the penalty for the violation of foreign trade rules is A. Competent authority. B. Adjudicating authority. C. Appellate authority. D. Director General of Foreign Trade. ANSWER: B 114. The person authorized to whom the appeal against the order is made is A. Competent authority. B. Adjudicating authority. C. Appellate authority. D. Director General of Foreign Trade ANSWER: C 115. The Central Government, along with the assistance of whom, frames the foreign trade rules A. Competent authority. B. Adjudicating authority. C. Appellate authority. D. Director General of Foreign Trade. ANSWER: D 116. The Imports and Exports Control Act came into enforcement from A. 1947. B. 1950. C. 1951. D. 1955. ANSWER: A 117. The act which came into force in the year 1955 was A. The imports and Exports Control Act. B. The Export Policy Resolution. C. The Exports Control Act. D. The imports Control Act. ANSWER: D 118. The IEC number is issued by the A. Central Government. B. State Government. 1/23/2014 3:18 PM

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C. Director General of Foreign trade. D. Ministry of commerce. ANSWER: C 119. The IEC number is a number with A. 7 digits. B. 8 digits. C. 9 digits. D. 10 digits. ANSWER: D 120. The Director General of Foreign trade is appointed by A. Central Government. B. State Government. C. Ministry of commerce. D. Chief justice of the Supreme Court. ANSWER: A 121. The Code of Criminal Procedure was passed in the year A. 1953. B. 1963. C. 1973 D. . 1983. ANSWER: C 122. The unpaid penalty under the Foreign Trade act will be collected as A. Arrear in land revenue. B. Arrear in tax. C. Arrear in duty. D. Arrear in wealth tax. ANSWER: A 123. The penalty under the foreign trade act shall not exceed A. Rs. 1000. B. Rs. 2000. C. Rs.3000. D. Rs. 5000. ANSWER: A 124. The appeal against the order or decision is to be made to the concerned authority within A. 30 days from the order being passed. B. 45 days from the order being passed. C. 60 days from the order being passed. D. 180 days from the order being passed. ANSWER: B 125. The Code of Civil Procedure was enforced in the year A. 1908. 1/23/2014 3:18 PM

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B. 1918. C. 1928. D. 1938. ANSWER: A 126. The revision of the decision made under the Foreign trade act is possible with in A. one year. B. Two years C. Three years D. Five Years ANSWER: B 127. 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. ANSWER: C 128. To arrest and reverse the declining trend of exports and to provide additional support especially to those sectors which have been hit badly by recession in the developed world is the short objective of A. 1992- 2002 policy. B. 2002-2007 policy. C. 2004- 2009 policy. D. 2009-2014 policy. ANSWER: D 129. To encourage value addition in manufactured exports and towards this end, the stipulated a minimum value addition on imported inputs under advance authorization scheme is A. 10 per cent. B. 12 per cent C. 15 per cent. D. 17 per cent. ANSWER: C 130. The incentive available under Focus Market Scheme FMS is A. 1.5 to 2 per cent. B. 2 to 2.5 per cent. C. 2.5 to 3 per cent D. 3 to 3.5 per cent. ANSWER: C 131. The incentive available under Focus Product Scheme FPS A. 1.5 to 2 per cent. B. 2 to 2.5 per cent. C. 2.5 to 3 per cent. D. 3 to 3.5 per cent. ANSWER: B 1/23/2014 3:18 PM

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132. To double India's percentage share of global merchandise trade is the objective of A. 1992- 2002 policy. B. 2002-2007 policy. C. 2004- 2009 policy. D. 2009-2014 policy. ANSWER: C 133. The increased per cent of duty free entitlements of import trimmings, embellishments and footwear components for leather industry as per the 2004- 2009 policy is A. 2 per cent of FOB value. B. 3 per cent of FOB value. C. 5 per cent o FOB value. D. 7 per cent of FOB value. ANSWER: B 134. The increased per cent of duty free import of trimmings and embellishments for Handlooms & Handicrafts sectors as per the 2004- 2009 policy is A. 2 per cent of FOB value. B. 3 per cent of FOB value. C. 5 per cent o FOB value. D. 7 per cent of FOB value. ANSWER: C 135. As per the Target Plus scheme, For incremental growth of over 20 per cent the duty free credits would be A. 5 per cent of FOB value of incremental exports B. 10per cent of FOB value of incremental exports C. 15per cent of FOB value of incremental exports. D. . 20 per cent of FOB value of incremental exports. ANSWER: B 136. As per the Target Plus scheme, For incremental growth of over 25 per cent the duty free credits would be A. 5 per cent of FOB value of incremental exports B. 10per cent of FOB value of incremental exports C. 15per cent of FOB value of incremental exports. D. 20 per cent of FOB value of incremental exports. ANSWER: C 137. As per the Target Plus scheme, For incremental growth of over 100 per cent the duty free credits would be A. 5 per cent of FOB value of incremental exports B. 10per cent of FOB value of incremental exports C. 15per cent of FOB value of incremental exports. D. 20 per cent of FOB value of incremental exports. ANSWER: A

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138. The foreign Trade (Regulation) Rules was passed in the year A. 1991 B. 1992 C. 1993. D. 1994. ANSWER: B 139. The Customs Act was enforced in the year A. 1962. B. 1964. C. 1978. D. 1992. ANSWER: C 140. Exports and Imports come under the purview of A. Ministry of Finance B. Ministry of Commerce C. Ministry of External Affairs D. Ministry of Home Affairs ANSWER: A 141. Which one of the following is not a cause but a consequence of Globalization? A. Integration of Markets B. Technology and know-how C. Greater institutionalization abroad D. Greater Risk Exposure ANSWER: B 142. Basel Committee on Banking Supervision is also known as A. BIS Committee B. Bank for International Settlements Committee C. Peter Cooke Committee D. Banking Regulation Committee ANSWER: D 143. Which one of the following systems occurred first in the history of international banking A. Post Bretton Woods B. European Monetary Union C. Gold Standard D. Gold Exchange Standard ANSWER: D 144. State Bank of India is maintaining account in Japanese Yen with American Express Bank, Tokyo. It is known as A. Vostro account B. Nostro account C. Loro account D. Escrow account 1/23/2014 3:18 PM

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ANSWER: C 145. Which one of the following is not an approved manner of payment for exports as per FEMA 1999 on Exports? A. Bank Draft, pay order, bankers, cheque or personal cheques B. FC Notes/F. T/Cs from the buyer during his visit to India C. Payment out of funds held in the FCNR/NRE account maintained by the buyer D. Precious metals i.e. Gold/Silver/Platinum by Gems & Jewellery Units in SEZs and 100% EOUs in equivalent value of jewellery exported subject to fulfillment of certain ANSWER: B 146. If a country is having more exports than imports in value terms, it can be said that the country is having:A. Deficit under BOP B. Deficit under BOT C. Surplus under BOT D. Surplus under BOP ANSWER: D 147. Which one of the following is not a part of institutions under Bretton Woods System A. IMF B. IBRD( World Bank) C. IFC D. BIS ANSWER: D 148. Which one of the following is not a source of fund available to banks Pre-shipment Credit In Foreign Currency ( PCFC) Scheme? A. EEFC A/cs B. NRE A/cs C. RFC A/cs D. Escrow A/cs ANSWER: D 149. Which is important for International Business? A. Culture B. Capital C. Motivation D. benefits ANSWER: A 150. What do you mean by Culture? A. Ideas B. values C. Attitudes D. All the above ANSWER: D

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Staff Name SARASU.A.

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