AIMA Solved Assignments for IB06
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Subject Code: IB06
Subject Name: INTERNATIONAL BUSINESS
Component name: ASSIGNMENT 1
Assignment Start Date: 01/05/2022
Assignment End Date: 31/05/2022
Question 1:- WTO was formed in the year
a) 1948
b) 1973
c) 1995
d) 1999
Question 2:- Globalization means
a) Integration of An economy with rest of the world
b) Trading across the borders
c) Financial Integration
d) All of the above
Question 3:- WTO is
a) The apex body of trade
b) Liberalized the trade by reducing tariffs
c) a permanent organization
d) All of the above
Question 4:- Exchange rate is determined through the interaction of demand and supply as there is no intervention of central bank is known as
a) Managed float exchange rate system
b) Pure/Independent Float Exchange Rate System
c) Crawling exchange rate system
d) Currency board
Question 5:- Foreign Trade policy is formulated by…………and the current policy is valid till a) RBI, 31/3/2019
b) RBI, 31/3/2020
c) DGFT, 31/3/2019
d) DGFT, 31/3/2020
Question 6:- Transactions under SPOT exchange rates are settled within
a) 2 Days
b) 5 Days
c) 7 Days
d) 10 Days
Question 7:- Devaluations of a currency is done by…
a) Global Forces
b) Market Forces
c) Government Forces
d) Organizational Forces
Question 8:- Keiretsu (a group of firms tied together by cross shareholdings) is used in …………….corporate governance.
a) Japanese
b) Chinese
c) Italian
d) American
Question 9:- Inflation rates, interest rates and budget deficits are studied under…………………environment.
a) Economic
b) political
c) demographic
d) socio-cultural
Question 10:- Technological advancements can create which of the following advantage besides many other existing powerful advantages for the businesses?
a) Economic
b) Competitive
c) Social
d) Environmental
Question 11:- Business environment basically comprises of ……due to its uncontrollable nature
a) Internal Environment
b) External Environment
c) Both a and b
d) None of the above
Question 12:- TRIPS and TRIMS are included under
a) WTO
b) GATT
c) Both a and b
d) None of the above
Question 13:- The Duty Credit Scripts can be used for: Payment of Customs duties for import of inputs or goods or any other tax payable for import under …………Scheme of FTP 2015-20.
a) MEIS
b) SEIS
c) Both a and b
d) None of the above
Question 14:- Mandatory document/s required for export of goods from India as per FTP 2015-20 are/is
a) Bill of Lading /Airway Bill
b) Commercial Invoice cum Packing List*
c) Shipping Bill/Bill of Export
d) All the above
Question 15:- Five Star exporter has export performance of ……….as per FTP (2015-20).
a) 3 Mn Dollar
b) 25 Mn Dollar
c) 500 Mn Dollar
d) 2000 Mn Dollar
Question 16:- Opportunities and Threats under SWOT comprises of
a) Internal factors
b) Global Factors
c) External Factors
d) All the above
Question 17:- FERA was introduced in the year …….and is replaced by …….
a) 1999, GATT
b) 1999, FEMA
c) 1973, FEMA
d) 1973, GATT
Question 18:- In analyzing the demographic segment of the general environment, one typically examines all of the following factors EXCEPT
a) age structure
b) cultural values
c) ethnic mix
d) distribution of income
Question 19:- The drivers of globalization includes …
a) Liberalization
b) Communication
c) Logistics (SEA)
d) All of the above
Question 20:- Which one of the following area can be the weakness of a firm?
a) Ineffective Marketing
b) High oil prices
c) Increasing pollution
d) Changing lifestyle
Subject Code: IB06
Subject Name: INTERNATIONAL BUSINESS
Component name: ASSIGNMENT 2
Question 1:- India’s foreign exchange rate system is?
a) Free float
b) Managed float
c) Fixed
d) Crawling Exchange
Question 2:- India is facing continuous deficit in its balance of payments. In the foreign exchange market rupee is expected to
a) Depreciate
b) Appreciate
c) Show no specific tendency
d) Depreciate against currencies of the countries with positive balance of payment and appreciate against countries with negative balance of payment
Question 3:- Which of the following is not the feature of FEMA?
a) There is a simplification of foreign exchange transactions.
b) There was a discharge provisions of criminal proceedings in case of default cases.
c) Introduced on 1/1/2004
d) None of the above.
Question 4:- Letter of Credit is beneficial for which party:
a) Seller (Exporter)
b) Buyer (Importer)
c) Both of the above
d) None of the above.
Question 5:- Which is correct about Irrevocable letter of credit:
a) Only allows change or cancellation of the letter of credit by issuing bank with approval by the beneficiary.
b) All letters of credit governed by the current UCP are irrevocable letter of Credit.
c) Both of the above
d) None of the above.
Question 6:- The running account facility for packing credit is available for
a) Status holders only
b) Export for specified goods
c) Exporters with good tack record
d) Exporters with order above 100 crores
Question 7:- Arbitrageur in the foreign exchange market
a) Buys when the currency is low and sells when it is high
b) Buys and sells the currency simultaneously in order to make riskless profits
c) Sells the currency when he has receivables
d) buys or sells to make advantage of market imperfections
Question 8:- The purpose of supply chain management is
a) Provide customer satisfaction
b) improve quality of a product
c) increase production
d) integrating supply and demand management
Question 9:- The buying rate is also known as
a) swap
b) spread
c) bid rate
d) offer rate
Question 10:- Non-citizen employees of a country in which they are working is classified as
a) Expatriates
b) coordinates
c) subordinates
d) None of the above.
Question 11:- If employee is citizen of India, working in U.S and employed by company whose headquarters are in Japan then employee is classified as
a) Third world employees
b) Third country nationals
c) Expatriates
d) Host country nationals
Question 12:- Which of the following statements is true?
a) A transfer price is never the same as the market price.
b) A transfer price is always lower than the market price.
c) A transfer price is always higher than the market price.
d) None of the above.
Question 13:- All the offences under the FEMA are considered as which of the following type?
a) Civil Offence
b) Criminal Offence
c) Both Civil and Criminal
d) None of the above.
Question 14:- When the firms adopt a strategy of limiting recruitment to the nationalities of the host country where the branch is located, it is called
a) Polycentric
b) Geocentric
c) Ethnocentric
d) None of the above.
Question 15:- The country where the headquarters of a multinational company is located is known as
a) Third country
b) Home Country
c) Host Country
d) None of the above.
Question 16:- A situation where countries export a product at a price below the cost of its production.
a) Dumping
b) Price Discrimination
c) Price Skimming
d) New Protectionism
Question 17:- Which of the following countries make up NAFTA?
a) United States, Canada and Alaska
b) United States, Canada and Iceland
c) United States, Canada and Mexico
d) United States, Alaska and Mexico
Question 18:- Trading blocs do which of the following?
a) Allow free movement of goods between member countries
b) Offer economic support to member states
c) Allow tax concessions on goods manufactured in other member states
d) All of the above
Question 19:- Normally maximum number of days for packing credit are
a) 90
b) 360
c) 30
d) 180
Question 20:- A letter of credit is generally addressed to
a) Beneficiary
b) Negotiating Bank
c) Reimbursing Bank
d) None