MGT520 MID TERM MCQS FILE

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Time Left
88
sec(s)

Quiz Start Time: 12:13 PM

Question # 1 of 20 ( Start time: 12:13:33 PM ) Total Marks: 1
What is the expressed form of FTAA?
Select correct option:

Free Trade Area of the Asia

Free Trade Agreement of the Asia

Free Trade Agreement of the Americas

Free Trade Area of the Americas

Time Left
89
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Quiz Start Time: 12:13 PM

Question # 2 of 20 ( Start time: 12:14:51 PM ) Total Marks: 1
Karl Marx gives the idea of
Select correct option:

Democracy

Collectivism

Individualism

Socialism

Time Left
89
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Quiz Start Time: 12:13 PM

Question # 3 of 20 ( Start time: 12:16:11 PM ) Total Marks: 1
When European Community was established?
Select correct option:

1958

1957

1956
 1955

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90
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Quiz Start Time: 12:13 PM

Question # 4 of 20 ( Start time: 12:17:26 PM ) Total Marks: 1
When a domestic firm grants the right to a foreign firm to produce its product, use its
production processes, or use its brand name or trademark is known as:
Select correct option:

Universal Investment

Furnished Investment

Licensing

Green-field investment

Time Left
89
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Quiz Start Time: 12:13 PM

Question # 5 of 20 ( Start time: 12:18:00 PM ) Total Marks: 1
Increase in cost of doing business due to bribe is more visible in which of the following kind of
state?
Select correct option:
 Democratic states

Autocratic states

Theocratic states

Totalitarian states

Time Left
90
sec(s)
Quiz Start Time: 12:13 PM
Question # 6 of 20 ( Start time: 12:19:27 PM ) Total Marks: 1
Which of the following country is famous for the export of automobile?
Select correct option:

Japan

Brazil

Mexico

China
 Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 7 of 20 ( Start time: 12:20:20 PM ) Total Marks: 1
Which one of the following important matter was unaddressed in Uruguay round of WTO?
Select correct option:

Foreign Direct Investment

Intellectual Property

Agriculture

Services

Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 8 of 20 ( Start time: 12:21:48 PM ) Total Marks: 1
In the 20th century Ricardo’s work was refined by two Swedish economists, they were;
Select correct option:

Eli Heckscher and Bertil Ohlin

Dennis Robertson and Joan Robinson

 Thorold Rogers and Jenny Scott

William N. Shepherd and Richard Smethurst

Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 9 of 20 ( Start time: 12:23:04 PM ) Total Marks: 1
According to Stimulus-Organism-Response theory the _____________represents approach and
avoidance behaviors.
Select correct option:

Grand root level

Root level

Surface level

Medium level

Time Left
89
sec(s)

Quiz Start Time: 12:13 PM

Question # 10 of 20 ( Start time: 12:24:28 PM ) Total Marks: 1
The political system of Soviet Union before the revolution of democracy was
Select correct option:

Autocratic system

Socialism

Democratic system

Communism

Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 11 of 20 ( Start time: 12:25:34 PM ) Total Marks: 1
What is the expressed form of VER?
Select correct option:

Voluntary Enforced Restraint

Vulnerable Export Restraint

Voluntary Export Restraint

Voluntary Export Restoration

 Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 12 of 20 ( Start time: 12:26:57 PM ) Total Marks: 1
How many countries are the members of OECD?
Select correct option:

41

18

29

32

Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 13 of 20 ( Start time: 12:28:24 PM ) Total Marks: 1
When a country imports more goods, services and income than it exports then this is known as:
Select correct option:

Saving account deficit

 Saving account difference

Current account surplus

Current account deficit

Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 14 of 20 ( Start time: 12:29:14 PM ) Total Marks: 1
Which of the following is the economic and strategic advantage that accrues to early entrants
into an industry?
Select correct option:

First-mover advantage

Late-mover advantage

Intervening advantage

Competitive advantage

Time Left
90
sec(s)
Quiz Start Time: 12:13 PM

Question # 15 of 20 ( Start time: 12:30:25 PM ) Total Marks: 1

According to Forrester Research, the value of Web-based transactions hit $657 billion in which
year?
Select correct option:

1999

2000

2001

2002

Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 16 of 20 ( Start time: 12:31:41 PM ) Total Marks: 1
Which one of the following is an international agreement to protect intellectual property?
Select correct option:

Paris Convention for the Protection of Intellectual Pro

Paris Convention for the Protection of Industrial Prop

 Paris Convention for the Protection of Actual Propert

Paris Centre for the Protection of Industrial Property

Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 17 of 20 ( Start time: 12:32:38 PM ) Total Marks: 1
Who had written the book, Principles of Political Economy in 1817?
Select correct option:

David Ricardo

David Hume

Hagelstam

Heckscher

Time Left
87
sec(s)

Quiz Start Time: 12:13 PM

Question # 18 of 20 ( Start time: 12:33:04 PM ) Total Marks: 1
In terms of social structure, individualism is observed in which of the following country?
Select correct option:

America

Japan

China

Pakistan

Time Left
90
sec(s)
Quiz Start Time: 12:13 PM
Question # 19 of 20 ( Start time: 12:34:24 PM ) Total Marks: 1
What is the expressed form of NAFTA?
Select correct option:

National Armenia Free Trade Agreement

North Australia Free Trade Agreement

North American Free Trade Agreement

North Asian Free Trade Agreement

 Time Left
90
sec(s)

Quiz Start Time: 12:13 PM

Question # 20 of 20 ( Start time: 12:34:53 PM ) Total Marks: 1
According to Porter theory, which of the following is the true expression of the reserve word of
his theory; “The diamond”?
Select correct option:

It is mutually reinforcing system

It is trade symbol

It is sign of prosperity

It is symbol of w ealth

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