Deck 5: Economics, Environment, and Globalization

Question 1

When was the first Five year Plan?

A)1950.
B)1951.
C)1952.
D)1953.

Answer 1

1951.

Question 2

________ identifies the early signals of possible environment changes

A)Scanning
B)Monitoring
C)Forecasting
D)Assessing

Answer 2

Scanning

Question 3

The environmental factor that includes peoples attitude to family, religion etc is

A)Cultural.
B)Economic.
C)Socio- cultural.
D)Political.

Answer 3

Socio- cultural.

Question 4

________ is concerned with developing projection of direction, scope, speed & intensity of environmental change

A)Scanning
B)Monitoring
C)Forecasting
D)Assessing

Question 5

For the society, religion has no influence on.

A)Holidays
B)Language
C)Role of women
D)Marketing Practices

Question 6

Social Stratification is done on the basis of

A)Income level
B)Caste
C)Education
D)All of the Above

Question 7

The following factors are key drivers of globalisation

A)Government action, exchange rates, competition and sociodemographic factors.
B)Market convergence, competition, exchange rates and cost advantages.
C)Cost advantages, government action, economic cycles and competition.
D)Market, cost, competition and government policies.

Question 8

Export control refers to restrictions on

A)Domestic firms from engaging in exports.
B)Items that can be exported from the country.
C)Foreign countries exporting to the country.
D)Domestic firms engaging in trade with nation.

Question 9

Which of the following is not an essential feature of social environment?

A)Competitiveness
B)Respect for the individual
C)Better quality of life
D)Bailment

Question 10

Technological environment consist of

A)Proves cause and effect relationship
B)Creation of Knowledge and its application
C)Finding facts and maintenance
D)Management of technology

Question 11

________environment refers to all economic factors which have a bearing on the functioning of a business

A)Economic
B)Technological
C)Natural
D)Social

Question 12

Establishment Year of International Monetary Fund.

A)1945
B)1935
C)1845
D)2005

Question 13

The second five year plan was given during 1956 regarding _

A)Legal planning
B)Soviet planning
C)Government planning
D)Agricultural planning

Question 14

The operating risk in the host country does not include the risk of

A)Change in government policies.
B)Exchange control.
C)Price controls.
D)Sanctions.

Question 15

The legal system in India is based on

A)Common law.
B)Civil law.
C)Theocratic law.
D)Hindu law.

Question 16

The objectives of import duty is/are

A)To raise income for the government.
B)To restrict imports.
C)To encourage exports.
D)To raise income and restrict imports.

Question 17

The following is not a feature of globalisation

A)Similar strategies are adopted by a firm in all markets.
B)Only multinational firms engage in international business.
C)The convergence of ideas and culture.
D)Obliteration of national boundaries.

Question 18

WTO aims at:

A)Establishing rules for domestic trade
B)Restricting trade practices
C)Liberalising international trade
D)None of these

Question 19

Which of the following is not a business opportunity generated by Globalisation ?

A)Access to low cost labour
B)Cheap International Transport
C)Currency Crisis
D)Less stringent regulations of the Business Environment

Question 20

World Bank has cleared a loan to aid which Indian mission?

A)Start up India
B)Stand up India
C)Skill India
D)None of the above

Question 21

Which of the following institutions cannot be included in the international financial and monetary system?

A)World Bank
B)WTO
C)Bank for International Settlements
D)IMF

Question 22

Goals of World bank includes

A)Promotion of foreign investment
B)Promotion of international trade
C)Facilitation of capital investment
D)All of the Above

Question 23

The World Bank is a recognized member of

A)United Nations Development Council
B)United Nations Development Group
C)United Nations Security Council
D)United Nations General Assembly