International Business 1: Buying and Selling of Goods and Services Beyond the Geographical Limits of a Country

In this quiz, you will find questions related to international business, the need for international business, types of international business, the scope of international business, etc.

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Which one of the following modes of entry requires a higher level of risks?

Licensing Contract manufacturing Franchising Joint venture

Which of the following documents are not required for obtaining an export license?

IEC number Registration cum membership certificate Letter of credit Bank account number

Which of the following documents is not required in connection with an import transaction?

Certificate of origin Bill of lading Shipping bill Shipment advice

The main promoter of trade liberalization was?

GATT

NAFTA

CEPTA

CISA

NAFTA stands for________

North African trade association

North American free trade agreement

Northern Atlantic trade agreement

Northern association for trade

The WTO was established to implement the final act of the Uruguay Round agreement of__________

MFA

GATT

TRIP’s

UNO

The ————— company produces, markets, invests and operates across the world.

Global

International

Transnational

Multinational

Select example of an Indian Multinational Company?

Hindusthan Unilever

Videocon

Cargill

Tesco

Foreign investment can be of two types________

Domestic and International investment

Direct and Portfolio

Licencing and Franchising

Direct and Franchising

The method of obtaining payment from the importer is:

By getting a bill of exchange

By getting a Letter of Credit

By Foreign Draft

All of these

Quiz/Test Summary

Title: International Business 1: Buying and Selling of Goods and Services Beyond the Geographical Limits of a Country

Questions: 10

Contributed by:

james Thu, Mar 17, 2022 01:07 PM UTC

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Nature and Purpose of Business: Providing Goods and Services to the Society

Business Services: Services used by Business Enterprises

Private, Public, and Global Enterprises: Business Owned by Individuals or a Group of Individuals

Formation of a Company: The Business Becomes a Distinct Legal Entity

Forms of Business Organization: Commercial Enterprise of Selling and Buying

Internal Trade: Buying and Selling of Goods/Services Within the Boundaries of a Nation

Small Business: Privately Owned Corporation, Partnership, or Sole Proprietorship

Emerging Modes Of Business: E-Business, E-Commerce, and Outsourcing