AIMA IB06 INTERNATIONAL BUSINESS Online Term End Exam Solution 2023

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Please note: There are 25 questions out of which Q.No.21-25 are based on the Case Study.

Subject Code: IB06

Subject Name: INTERNATIONAL BUSINESS

Component name: TERM END

Assignment Start Date: 06/02/2023

Assignment End Date: 06/02/2023

 

Question 1:- Tax on imports is considered as example o

fa)Trade Barriers

b) Collaterals

c) Terms of trade

d) Foreign Trade

 

Question 2:- International Labour Organization supports investments and foreign trade in India.

a) TRUE

b) FALSE

 

Question 3:- TRIPS coverage under the WTO encompasses -

a) Patents

b) Copyright

c) Trademarks

d) All of the above

 

Question 4:- __________is the international treaty that committed signatories to lowering barriers to the free flow of goods across national borders and led to the WTO.

a) GAT

b) GATT

c) AOA

d) None of the above

 

Question 5:- Which of the following is the right sequence of stages of internationalization?

a) Domestic, International, Multinational, Global, Transnational

b) Domestic, Transnational, Global, International, Multinational

c) Domestic, Multinational, International, Transnational, Global

d) Domestic, International, Transnational, Multinational, Global

 

Question 6:- Firms success required HRM policies to be congruent with the firm` s strategy.

a) TRUE

b) FALSE

 

Question 7:- Which of the following are the advantages of Geocentric Staffing approach?

a) Uses human resources efficiently

b) Helps build strong culture and informal management of network

c) Both A and B

d) None of the above

 

Question 8:- Management philosophy that takes as its central focus the need to improve the quality of company`s product and services:

a) Mass Customization

b) Materials Management

c) Total Quality Management

d) Flexible manufacturing technology

 

Question 9:- Which of the following are features of Global capital market which may attract

International Business from Borrower`s perspective?

a) Lower cost of Capital

b) Portfolio Diversification

c) Both A and B

d) None of the above

 

Question 10:- Which of the following is a regional grouping?

a) NAFTA

b) SAPTA

c) SAARC

d) All of the above

 

Question 11:- When did WTO come into effect?

a) 1996

b) 1992

c) 1994

d) 1995

 

Question 12:- Which of the following are the highlights of latest foreign trade policy?

a) Digital India

b) Status Holders

c) Mandatory documents to be reduced to three for imports

d) All of the above

 

Question 13:- _________scheme enables importation of capital goods at zero custom duty for pre production, production and post production.

a) EPCG scheme

b) FDI scheme

c) TRIPS

d) TRIMS

 

Question 14:- Which of the following are the advantages of Regional Grouping?

a) Countries take comparative advantage by supplying goods not available with the host countries

b) Negotiation with a few countries is easier

c) RTA increases the bargaining power of the members during WTO

d) All of the above

 

Question 15:- Regional trading agreements refer to an agreement between countries in a geographical region to reduce barriers, to encourage free movement of goods and services and factors of production, across the borders of its members.

a) TRUE

b) FALSE

 

Question 16:- Foreign Exchange Management Act replaced Foreign Exchange Regulation Act in the year

a) 1990

b) 2000

c) 2021

d) 2022

 

Question 17:- ___________is the standardized numerical method of classifying traded products.

a) Harmonized System

b) Numerical System

c) Coding Trade

d) None f the above

 

Question 18:- ___________has been set up to promote exports by Government of India under Ministry of commerce.

a) International Trade committee

b) Export Promotion Council

c) Mediation Centre

d) Supreme Court

 

Question 19:- Which of the following are the objectives any Global strategy should target at

a) Flexibility, Efficiency & Learning

b) Growth

c) Employment

d) None of the above

 

 

Question 20:- Why competing across national borders make strategy making more complex?

a) Location based advantage for certain countries

b) Difference in govt policy and economic conditions

c) Currency exchange rate risk

d) All of the above

 

Case Study

Examining the impact of Globalization

Referencehttps:// moderndiplomacy.eu/2021/07/27/examining-the-impacts-of globalization-a-case-study-of-afghanistan/

 

Globalization is often considered as one of the most important and transformative events in the 21st century. It has led to the creation of multiple influential actors, rise of the information revolution and the formation of various instruments enabling cooperation and interdependence. Of the key aspects in the concept of globalization is the creation of state institutions which have allowed for monitoring, control and economic investments thus enabling greater connectivity with the people across the globe. The information revolution which came as a result of increase in technological prowess and development of communication technologies has led to the creation of virtual communication spaces. Big technological cooperation’s were able to exercise influence in the social media space and enable a conducive environment of presentation of various discourses. Globalization has also had a significant influence in the manipulation, coordination and control of all manner of discourse directed at various prominent political figures. From state to non-state actors all have been impacted by globalization. Globalization in 3rd world countries saw an interesting and significant transformation where nations sought to gain advantage of the political and economic expansion which came as a result of increased connectivity of markets and political institutions.

 

Question 21:- Which of the following are the disadvantages of Globalization?

a) Economic Growth

b) Spread of Knowledge

c) Increased Investment

d) Income Gap between lower income country and high income countries have increased

 

Question 22:- Growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology is referred to as_________.

a) Globalization

b) Expansion

c) Reflection

d) Mediation

 

Question 23:- Globalization may help in

a) Political and economic expansion

b) Great connectivity across the globe

c) Rise of information revolution

d) All of the above

 

Question 24:- Which of the following promotes Globalization?

a) External Trade

b) Internal Trade

c) Trade at Large scale

d) Trade at small scale

 

Question 25:- Globalization helps in ensuring economic and social benefit to

a) Labour

b) Consumer

c) Producer

d) All of the above