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Quiz 1
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TRIP is one of the WTO agreements that deal with
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Trade in agriculture
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Trade in services
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Trade related investment measures
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None of these
Explanation
None of these
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
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Letter of hypothetication
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Letter of credit
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Bill of lading
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Bill of exchange
Explanation
Letter of credit
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
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Shipping receipt
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Mate receipt
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Cargo receipt
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Charter receipt
Explanation
Mate receipt
Which one of the following is not a document related to fulfill the customs formalities
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Shipping bill
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Export license
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Letter of insurance
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Proforma invoice
Explanation
Proforma invoice
Which of the following documents is not required in connection with an import transaction?
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Bill of lading
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Shipping bill
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Certificate of origin
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Shipment advice
Explanation
Certificate of origin
SMEs stands for:
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Small and Medium Entrepreneurs
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Small Management of Enterprises
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Small and Medium-sized Enterprises.
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Societies for Managing Exports
Explanation
Small and Medium-sized Enterprises.
MNC Stands for
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Multi-National Cooperation
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Multi-National Corporation
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Multi-National Company
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Multi-National Collaboration
Explanation
Multi-National Corporation
IPR stands for
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Intellectual property rights
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International property rights
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Internal promotion rights
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Interior promotional rights
Explanation
Intellectual property rights
WTO stands for
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World technology association
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World time organization
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World trade organization
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World tourism organization
Explanation
World trade organization
.........is only a legal agreement and it is not an institution, but ...... is a permanent institution.
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GATT, WTO
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WTO, GATT
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WTO, IMF
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IMF, GATT
Explanation
GATT, WTO
…………………corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.
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Global
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International
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Transnational
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None of the above
Explanation
Global
Key controllable factors in global marketing are:
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Government policy and legislation
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social and technical changes
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marketing activities and plans
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all of the above.
Explanation
marketing activities and plans
Comparative Cost Trade Theory is given by
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Adam Smith
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David Ricardo
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Gottfried Haberler
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Heckscher Ohlin
Explanation
David Ricardo
Globalization refers to:
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Lower incomes worldwide
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Less foreign trade and investment
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Global warming and their effects
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A more integrated and interdependent world
Explanation
A more integrated and interdependent world
Capitalistic, communistic and Mixed are the types of
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Economic System
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Social System
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Cultural Attitudes
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Political System
Explanation
Economic System
The theory of comparative cost advantage is given by
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David Ricardo
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Adam Smith
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F W Taussig
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Ohlin and Hecksher
Explanation
David Ricardo
The Theory of Absolute Cost Advantage is given by
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David Ricardo
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Adam Smith
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F W Taylor
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Ohlin and Heckscher
Explanation
Adam Smith
Subsidiaries consider the regional environment for policy / Strategy formulation is known as
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Polycentric Approach
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Regiocentric Approach
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Ethnocentric Approach
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Geocentric Approach
Explanation
Regiocentric Approach
Ultimately ………………was replaced by the ……………. on 1st Jan 1995
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GATS, WTO
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WTO, GATT
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GATT, WTO
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IMF, GATT
Explanation
GATT, WTO
The first phase of globalization started around 1870 and ended with …. .
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World War I
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World War II
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The Establishment of GATT
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In 1913 when GDP was High
Explanation
World War I
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