International Business MCQs PDF Download



International Business Multiple Choice Questions




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International Business MCQs PDF Download

If you are looking for International Business Practice Questions with Answers PDF, then you are in the right place. At the end of this post, we added a button to download the PDF of International Business Most Asked Questions PDF for free.

International Business Multiple Choice Questions

Here we have shared some of the Most Expected International Business MCQs.

  1. The first phase of globalization started around 1870 and ended with …..
    a. World War I
    b. World War II
    c. The Establishment of GATT
    d. In 1913 when GDP was High
    Ans: a
    2. IBRD (International Bank for Reconstruction and Development) also known as
    a. Exim Bank
    b. World Bank
    c. International Monetary Fund
    d. International Bank
    Ans: b
    3. Ultimately ………………was replaced by the …………….on 1st Jan 1995
    a. GATS, WTO
    b. WTO, GATT
    c. GATT, WTO
    d. IMF, GATT
    Answer: c
    4. Which is the right sequence of stages of Internationalization
    a. Domestic, Transnational, Global, International, Multinational
    b. Domestic, International, Multinational, Global, Transnational
    c. Domestic, Multinational, International, Transnational, Global
    d. Domestic, International, Transnational, Multinational, Global
    Answer: b
    5. Subsidiaries consider the regional environment for policy / Strategy formulation is known
    a. Polycentric Approach
    b. Regiocentric Approach
    c. Ethnocentric Approach
    d. Geocentric Approach
    Answer: b
    6. According to this theory, the holdings of a country’s treasure primarily in the form of gold
    constituted its wealth.
    a. Gold Theory
    b. Ricardo Theory
    c. Mercantilism
    d. Hecksher Theory
    7. The Theory of Absolute Cost Advantage is given by
    a. David Ricardo
    b. Adam Smith
    c. F W Taylor
    d. Ohlin and Heckscher
    8. The Theory of Relative Factor Endowments is given by
    a. David Ricardo
    b. Adam Smith
    c. F W Taussig
    d. Ohlin and Hecksher
    Answer: d
    9. The theory of comparative cost advantage is given by
    a. David Ricardo
    b. Adam Smith
    c. F W Taussig
    d. Ohlin and Hecksher
    Answer: a
    10. ……………is the application of knowledge which redefines the boundaries of global
    a. Cultural Values
    b. Society
    c. Technology
    d. Economy
    11. Capitalistic, communistic and Mixed are the types of
    a. Economic System
    b. Social System
    c. Cultural Attitudes
    d. Political System
    12. Which is not an Indian Multinational Company?
    a. Unilever
    b. Asian Paints
    c. Piramal
    d. Wipro
    Answer: a
    13. Globalization refers to:
    a) Lower incomes worldwide
    b) Less foreign trade and investment
    c) Global warming and their effects
    d) A more integrated and interdependent world
    Answer: d
    14. Which of the following is not a force in the Porter Five Forces model?
    a. Buyers
    b. Suppliers
    c. Complementary products
    d. Industry rivalry
    15. Comparative Cost Trade Theory is given by
    a. Adam Smith
    b. David Ricardo
    c. Gottfried Haberler
    d. Heckscher Ohlin
    Answer: b
    16. …….is the payment method most often used in International Trade which offers the exporter the best assurance of being paid for the products sold internationally.
    a. Bill of Lading
    b. Letter of Credit
    c. Open Account
    d. Drafts
    Answer: b

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