International Business 2 Class 12 MCQs Questions with Answers

1. TRIP is one of the WTO agreements that deal with

2. Capitalistic, communistic and Mixed are the types of

3. MNC Stands for

4. ………………corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.

5. Ultimately ………………was replaced by the …………….on 1st Jan 1995

6. The Theory of Absolute Cost Advantage is given by

7. SMEs stands for:

8. Key controllable factors in global marketing are

9. The first phase of globalization started around 1870 and ended with …..

10. The theory of comparative cost advantage is given by

11. …..is only a legal agreement and it is not an institution, but ….. is a permanent institution.

12. Subsidiaries consider the regional environment for policy / Strategy formulation is known as

13. Which one of the following is not a document related to fulfill the customs formalities

14. Globalization refers to:

15. Comparative Cost Trade Theory is given by

16. WTO stands for

17. IPR stands for

18. Which of the following does not belong to the World Bank group?

19. The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is

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