International Business MCQ Questions 2023: International business studies is the most important phenomena of today. Candidates studying the MCQ on International Business will allow you to understand the global issue etc. In this article, we have shared the International Business solved mcq questions with answers are given below. Such a wonderful opportunity for candidates who are preparing for NET, SET, Ph.D, competitive exams, entrance exams and academic exams. Here we have attached the International Business pdf link. Aspirants kindly download the International Business multiple choice question free PDF link.
Table of Contents
1. JQuery MCQ Questions 2023 Overview
| Article Name | International Business |
| Number of Questions | 30 |
| Category | MCQ |
1. The first phase of globalization started around 1870 and ended with _______
A. World War II
B. The Establishment of GATT
C. In 1913 when GDP was high
D. World war I
Answer: World war I
2. Ultimately ______ was replaced by the ______ on 1st Jan 1995.
A. GATT, WTO
B. GATS, WTO
C. IMF, GATT
D. WTO, GATT
Answer: GATT, WTO
3. Subsidiaries consider the regional environment for policy or Strategy formulation is known as _____.
A. Polycentric Approach
B. Ethnocentric Approach
C. Geocentric Approach
D. Regiocentric Approach
Answer: Regiocentric Approach
4. Globalization refers to ______.
A. Less foreign trade and investment
B. A more integrated and interdependent world
C. Lower incomes worldwide
D. Global warming and their effects
Answer: A more integrated and interdependent world
5. ______ is not an Indian Multinational Company.
A. Unilever
B. Asian Paints
C. Piramal
D. Wipro
Answer: Unilever
6. IPR stands for ______
A. International property rights
B. Internal promotion rights
C. Intellectual property rights
D. Interior promotional rights
Answer: Intellectual property rights
7. According to ______ the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
A. Mercantilism Theory
B. Gold Theory
C. Heckscher Theory
D. Ricardo Theory
Answer: Mercantilism Theory
8. ______ is the application of knowledge which redefines the boundaries of global business.
A. Cultural Values
B. Technology
C. Economy
D. Society
Answer: Technology
9. Which is the right sequence of stages of Internationalization?
A. Domestic, Transnational, Global, International, Multinational
B. Domestic, Multinational, International, Transnational, Global
C. Domestic, International, Multinational, Global, Transnational
D. Domestic, International, Transnational, Multinational, Global
Answer: Domestic, International, Multinational, Global, Transnational
10. IBRD stands for __________.
A. International Bank for Research Development
B. International Bank for Reconstruction and Development
C. International Board for Research and Development
D. International Barrier For Reconstruction and Development
Answer: International Bank for Reconstruction and Development
11. Key controllable factors in global marketing are ______.
A. marketing activities and plans
B. Government policy and legislation
C. social and technical changes
D. None of the above
Answer: marketing activities and plans
12. The ___________ company produces, markets, invests and operates across the world.
A. Global
B. Transnational
C. International
D. Multinational
Answer: Transnational
13. ________ is the first step in the internationalization process.
A. Foreign Investment
B. Sales
C. License
D. Export
Answer: License
14. The main promoter of trade liberalization was ______.
A. NAFTA
B. CEPTA
C. GATT
D. CISA
Answer: GATT
15. The WTO was established to implement the final act of Uruguay Round _______
A. MFA
B. TRIP’s
C. UNO
D. agreement of GATT
Answer: agreement of GATT
16. NAFTA stands for ______
A. North African trade association
B. North American Free Trade Agreement
C. Northern Atlantic trade agreement
D. Northern association for trade
Answer: North American Free Trade Agreement
17. The OECD stands for _______.
A. Organization for Environmental Control and Development
B. Organization for Environmental Cooperation and Development.
C. Organization for Economic Coordination and Development
D. Organization for Economic Co-operation and Development
Answer: Organization for Economic Co-operation and Development
18. MNC Stands for ______.
A. Multi-National Corporation
B. Multi-National Company
C. Multi-National Collaboration
D. Multi-National Cooperation
Answer: Multi-National Corporation
19. ________ produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.
A. Transnational
B. Global corporation
C. International
D. None of the above
Answer: Global corporation
20. Which of the following is not a force in the Porter Five Forces model?
A. Buyers
B. Industry rivalry
C. Suppliers
D. Complementary products
Answer: Complementary products
21. The Theory of Relative Factor Endowments is given by_________
A. David Ricardo
B. Adam smith
C. c. f w Taussig
D. Ohlin and hechsher
Answer: Ohlin and hechsher
22. __________is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
A. open account
B. bill of lading
C. letter of credit
D. drafts
Answer: letter of credit
23. The theory of comparative cost advantage is given by________
A. Heckscher Ohlin
B. Gottfried Haberle
C. Adam smith
D. economist David Ricardo
Answer: economist David Ricardo
24. Comparative Cost Trade Theory is given by__________
A. David Ricardo
B. Gottfried Haberle
C. Heckscher Ohlin
D. Adam smith
Answer: David Ricardo
25. Supporters of democratic globalization are sometimes called__________
A. Pro-globalists
B. Globalists
C. Libertarians
D. None of the above
Answer: Pro-globalists
26. Transportation cost of trade affects_________
A. pattern of trade
B. boundaries between tradable and non-tradable goods
C. global supply chains
D. All of the above
Answer: All of the above
27. __________ Companies are registered in one country, doing business in others.
A. Transnational
B. Multinational
C. International
D. Off-shore
Answer: Off-shore
28. _________ has become a world-leading marketer of toys.
A. UAE
B. California
C. Japan
D. China
Answer: California
29. A multinational is a firm that controls and manages production facilities in___________
A. at least two countries
B. both developed and developing countries
C. one country but relies on multiple markets for the consumption of goods it produces
D. at least two developed countries and one developing country
Answer: at least two countries
30. International Trade is most likely to generate short-term unemployment in________
A. industries in which there are neither imports nor exports
B. industries that sell to domestic and foreign buyers.
C. industries that sell to only foreign buyers
D. Import-competing industries
Answer: Import-competing industries
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