Roll No. ....................................

Question Booklet Number

O. M. R. Serial No.

B. B. A. (Sixth Semester) EXAMINATION, 2022-23

INTERNATIONAL TRADE
Questions Booklet
Paper Code Series

B B A 6 0 1 N A
Time : 1:30 Hours ] [ Maximum Marks : 75

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1. International trade contributes and 5. ................ is declared UTP by WTO.

increases the world ............... . (A) Transfer pricing

(A) Population (B) Dumping

(B) Inflation (C) Skimming

(C) Economy (D) Going rate

(D) Trade barriers

6. .................. means selling the product at a

2. Domestic company limit its’ operations price less than going rate.

to ............ political boundaries. (A) Quota

(A) International (B) Tariff

(B) National (C) Subsidy

(C) Transnational (D) Dumping

(D) Global
7. ............... is the oldest theory of

3. Trade between two or more countries is international trade.

known as ................ . (A) Country similarity theory

(A) External business (B) Absolute cost advantage

(B) External trade (C) Comparative cost advantage

(C) International trade (D) Mercantilism

(D) Unilateral trade

8. ................ provided a series of rounds of

4. .............. is the tax imposed on imports. negotiation by which tariff were reduced.

(A) Imported tax (A) IMF

(B) Tariff (B) NAFTA

(C) Subsidies (C) IBRD

(D) Import quotas (D) GATT

BBA-601(N) (3) Set-A

9. ................. occurs when imports are more 13. ................. was replaced by WTO on
than exports. January 1, 1995.
(A) Trade barriers (A) IMF
(B) Trade deficit
(B) IBRD
(C) Trade surplus
(C) NAFTA
(D) Trade contract
(D) GATT
10. ................ includes only visible.
14. ................. is a fixed % on the value of
(A) Balance of Payment
the traded commodity :
(B) Balance of Trade
(C) Both of the above (A) Anti-dumping duty

(D) None of the above (B) Specific tariff

11. Expand UNCTAD : (C) Ad-valorem tariff

(A) United Nations Conference on (D) Compound tariff

Tariff and Duties

15. In most countries, foreign trade
(B) United Nations Committee on
represents a significant share of :
Trade and Development
(A) EXIM
(C) United Nations Conference on
Trade and Development (B) FDI

(D) United Nations Council on Tariff (C) Income per capita

and Development (D) GDP

12. ................. is a group of countries 16. Cash grants, loans at law rate and tax
agreeing to abolish all trade restrictions
holidays are examples of ............. .
and barriers.
(A) Quotas
(A) Common Market
(B) Tariff
(B) Economic Union
(C) Custom Union (C) Subsidies

(D) Free Trade Area (D) Discounts

BBA-601(N) (4) Set-A

17. The first phase of globalization started 21. ............. is application of knowledge
around 1870 and ended with .................. . which redefine the boundaries of global

(A) World War I business.

(B) World War II (A) Cultural values

(C) Establishment of GATT
(B) Society
(D) In 1913 When GDP was high
(C) Technology
18. Subsidiaries consider the regional (D) Economy
environment for policy or strategy
22. Globalization refers to :
formulation is known as ............ .
(A) lower incomes worldwide
(A) Polycentric approach
(B) less foreign trade and investment
(B) Regiocentric approach

(C) Ethnocentric approach (C) global warming and their effects

(D) Geocentric approach (D) integrated and interdependent

world
19. International business focuses on ...........
to buy or sell worldwide. 23. Why do companies go international ?

(A) Local resources and opportunities (A) Expanding sales

(B) National resources and (B) Acquiring resources
opportunities
(C) To achieve higher rate
(C) Global resources and opportunities
(D) All of the above
(D) Internal resources and opportunities
24. What does ‘E’ stand for in EPRG
20. ............. limit its operations to National
framework ?
political boundaries.
(A) Eccentric
(A) Global company

(B) Domestic company (B) Ethnocentric

(C) Transnational company (C) Ease

(D) International company (D) None of the above

BBA-601(N) (5) Set-A

25. The simplest way to enter a foreign 29. Restrictions to trade also include non-
market is through : tariff barriers such as ........... and ....... .

(A) Direct investment (A) Taxes, tariffs

(B) Joint venturing (B) duty, fee
(C) Contract manufacturing (C) legislation, quotas
(D) Exporting (D) subsidies, taxes

26. An arrangement in which one company

30. .............. is a limit on the amount of a
allows another company to use its name,
specific product that can enter a country.
products, patents, brands, trademarks in
(A) Quota
exchange for royalty are called :
(B) Tariff
(A) Licensing
(B) Joint venture (C) Exchange control

(C) FDI (D) Boycott

(D) FPI
31. ............... is result of the Bretton Woods

27. Wendy, Pizza Hut and McDonald are Conference.

well-known ......... with international (A) WTO
visibility.
(B) GATT
(A) Frenchisors
(C) IMF
(B) Trading companies
(D) RBI
(C) Joint ventures
(D) Strategic alliances 32. ............. is designed to provide short-term

BoP assistance.
28. Marrakesh agreement gave legal sanction
(A) Stand By Arrangement (SBA)
to establishment of ............ .
(B) New Arrangement to Borrow
(A) WTO
(B) IBRD (NAB)

(C) IMF (C) Extended Fund Facility (EFF)

(D) None of the above (D) None of the above

BBA-601(N) (6) Set-A

33. SDR were started to : 37. FPI stands for :

(A) Supplement lack of nutrition (A) Foreign Portfolio Investment

(B) Supplement shortfall of gold (B) Fund Portfolio Investment

(C) Both (A) and (B) (C) Foreign Preferred Investment

(D) None of the above (D) None of the above

34. Which of the following organizations was 38. Which of the following are the dealers in
established by industrialized nations to Euro-currency market ?
give loan money to underdeveloped and
(A) Domestic banks
developing countries ?
(B) Private banks
(A) OPEC
(C) Merchant banks
(B) NAFTA
(D) All of the these
(C) World Bank

(D) IMF 39. When did the Euro dollar market

originated ?
35. SDR were created by ......... in 1969.
(A) 1950
(A) IMF
(B) 1960
(B) ADB
(C) 1940
(C) IFC
(D) 1930
(D) MIGA

36. Companies that went more control and 40. If a country is having more exports than

are willing to invest considerable imports in value terms, it can be said that

resources in : a country is having :

(A) Trading company (A) Deficit under BoP

(B) Licensing (B) Deficit under BoT

(C) Direct investment (C) Surplus under BoT

(D) Contract manufacturing (D) Surplus under BoP

BBA-601(N) (7) Set-A

41. Which of the following are activities of 45. EPC stands for :

IHRM ? (A) Export Promotion Council

(A) Recruitment (B) Export Promotion Credit

(B) Selection (C) Export Promotion Country

(C) Training and Development (D) None of the above

(D) All of the above 46. SEZ stands for :

42. FERA stands for : (A) Special Economic Zone

(B) Special Effected Zone

(A) Foreign Exchange Regulations Act
(C) Special Export Zone
(B) Foreign Exchange Remarkable Act
(D) None of the above
(C) Fund Exchange Regulations Act

(D) None of the above 47. This method of counter-trade involves a

triangular rather than bilateral trade :

43. FEMA came into effect in :
(A) Barter
(A) 1st Jan., 2000
(B) Compensation trade
(B) 1st Jan., 2004
(C) Offset
(C) 1st Jun., 2001
(D) Switch trading
(D) None of the above
48. Which of the following cannot be
44. ECGC was established in the year :
discounted ?

(A) 1957 (A) Bill of Exchange

(B) 1962 (B) Time draft

(C) 1963 (C) Bill of Lading

(D) 1965 (D) Letter of credit

BBA-601(N) (8) Set-A

49. This method of payment presents least 53. Which of the following terms are used in
risk to an exported : International trade ?

(A) Right draft (A) CIF

(B) Time draft (B) CFR
(C) Open account
(C) CPT
(D) Letter of credit
(D) All of the above
50. Direct channel has this limitation :
54. This quotation term includes the
(A) Market exploitation
unloading at overseas port with the
(B) Control
appropriate duty paid :
(C) Communication
(A) FOB
(D) Cost
(B) Ex-dock
51. This channel is used when a
(C) Ex-works
manufacturers deals with a foreign party
(D) Delivered duty paid
without going through an intermediary in
the home country : 55. A seller should bill in a ........... currency.

(A) Indirect (A) Strong

(B) Direct (B) Moderate
(C) Local
(C) Weak
(D) Domestic
(D) None of the above
52. A distribution channel strategy is
56. This marketing concept is most likely to
influenced by many factors that fall into
be standardized :
three categories :
(A) Brand
(A) Market, producer, product

(B) Wholesaler, retailer and customer (B) Advertising

(C) Customer, market and retailer (C) Price

(D) None of the above (D) Distribution

BBA-601(N) (9) Set-A

57. Which of the following is not a brand 61. International trade and domestic trade

function ? differ because of :

(A) Creating identification (A) Different govt. policies

(B) Immobility of factors
(B) Guaranteeing quality level
(C) Trade restrictions
(C) Helping with promotion
(D) All of the above
(D) Lowering production cost
62. Market in which currencies buy and sell
58. Which of the following is the stage of and their price are settled is called :
PLC ?
(A) International bond market
(A) Introduction (B) International capital market

(B) Growth (C) Foreign exchange market

(C) Maturity (D) Euro currency market

(D) All of the above 63. What is the goal for India’s export of
goods and services by 2030 ?
59. Concept of PLC was given by :
(A) US $ 1 trillion
(A) Philip Kolter
(B) US $ 2 trillion
(B) Theodore Levitt
(C) US $ 3 trillion
(C) Marshall (D) US $ 4 trillion
(D) None of the above
64. Which of the following events

60. Which of the following theories suggests contributed most to the disruption in the

that firm seeks to penetrate into new Bretton Woods system ?

markets overtime ? (A) Introduction of SDR

(B) Western dominance over the
(A) Imperfect market theory
system
(B) Product cycle theory
(C) Suspension of convertibility of
(C) Theory of comparative advantage dollar to gold
(D) None of the above (D) Oil price shock of 1973

BBA-601(N) ( 10 ) Set-A
65. A receipt issued by commodity officer of 69. ................. refers to purchase of goods
the ship when the cargo is loaded on the from a foreign country.
ship is known as :
(A) Foreign trade
(A) Shipping receipt
(B) Export
(B) Cargo receipt
(C) Import
(C) Mate receipt
(D) EXIM trade
(D) Charter receipt
70. ............ is a combination of an ad-
66. Charter party is used :
valorem specific tariff.
(A) in export trade
(A) Anti-dumping tariff
(B) in import trade

(C) in internal trade (B) Specific-valorem tariff

(D) None of the above (C) EXIM tariff

(D) Compound tariff

67. Though which of the following canal
routes, maximum international trade is 71. Theory of factor endowments is given
taking place ? by :
(A) Panama canal (A) Ricardo
(B) Suez canal (B) Adam Smith
(C) English canal
(C) Taussig
(D) Kiel canal
(D) Ohlin and Hecksher
68. Working capital facility to exporter is
72. Capitalistic, communistic and mixed are
provided by :
the types of ............... .
(A) Reserve Bank of India
(B) Export Credit and Guarantee (A) Economic system
Corporation (B) Social system
(C) Commercial Banks
(C) Cultural system
(D) Ministry of External Affairs, Govt.
(D) Political system
of India

BBA-601(N) ( 11 ) Set-A
73. Which is not an Indian MNC ? 77. Free international trade maximises world

(A) Unilever output through ............ .

(B) Asian paints

(A) Countries reducing various taxes
(C) Piramal
imposed
(D) Wipro
(B) Countries specializing in
74. Which of the following is not an element
production of goods they are best
of international business environment ?
suited for
(A) Culture

(B) Political setup (C) Perfect competition between

(C) Technology countries

(D) None of the above

(D) Diluting international business laws

75. ............. is the payment method most

78. A voluntary export restraint is the
often used in international trade which
opposite form of ............ .
offers the exporter best assurance of

being paid for the products sold (A) Import quota

immediately.
(B) International tariff
(A) Bill of lading
(C) Subsidies
(B) Open account
(D) Dumping
(C) Letter of credit

(D) Draft 79. What is India’s share in World Trade ?

76. AFTA is ............. . (A) 1%

(A) ASEAN Free Trade Area
(B) 2%
(B) American free Trade Area
(C) 3%
(C) Asian Free Trade Area

(D) Agreement for Free Trade Area (D) 4%

BBA-601(N) ( 12 ) Set-A
80. .............. is composed of Capital A/c and 83. Trade theories are classified into ..............

Current A/c. and modern theories .

(A) Bank of payments (A) Regional

(B) Barriers to trade (B) Classical

(C) Bill of payments (C) Local

(D) Balance of payments

(D) Ancient

81. ASEAN stands for :

84. ................ suggests that each country

(A) Association of South-East

should specialize in producing only those
American Nations
goods which it can produce efficiently.
(B) Association of South-East Asian
(A) Mercantilism
Nations
(B) Absolute advantage
(C) Agreement of South-East American
(C) Comparative advantage
Nations
(D) H–O model
(D) Agreement of South-East Asian

Nations 85. ............... stresses on the relative rather

than absolute cost difference between the

82. ................. refers to goods imported for
goods as the basic for carrying out trade.
purpose of export.

(A) Absolute advantage

(A) Third party trade

(B) Entreport trade (B) Comparative advantage

(C) Export trade (C) H–O model

(D) EXIM trade (D) Mercantilism

BBA-601(N) ( 13 ) Set-A
86. Trade is a process which includes : 90. Trade between countries can be

(A) Buying goods and services helpful if the price ratios of products
(B) Selling goods and services
are :
(C) Exchanging goods and service
(A) Equal
(D) None of the above
(B) Decreasing
87. The aim of foreign trade is/are :

(A) to increase production (C) Undetermined

(B) to raise the standard of lining (D) Different

(C) Both (A) and (B)
91. Under which of the following ECGC
(D) None of the above
comes ?
88. There is a need of foreign trade due to :

(A) Uneven distribution of natural (A) EXIM Bank

resources (B) Ministry of Commerce and

(B) Division of labour and
Industry
specialization
(C) Director General of Foreign
(C) Differences in economic growth

rate Trade

(D) All of the these (D) RBI

89. Items in the negative list of imports and

92. IBRD is also known as .............. .
exports are called :
(A) EXIM Bank
(A) Prohibited items
(B) World Bank
(B) Restricted items
(C) International Monitary Fund
(C) Trade items

(D) None of the above (D) International Bank

BBA-601(N) ( 14 ) Set-A
93. According to ..................... the holdings 97. Which is not a part of counter-trade ?

of a country’s treasure primarily is the (A) Counter purchase

form of gold constituted its wealth. (B) Offset

(A) Gold theory (C) Anti-dumping trade

(B) Ricardo’s theory (D) Compensation trade

(C) Mercantilism theory

98. Large type of exporter will choose ........
(D) Hecksher’s theory
type of distribution channel.

94. IPR stand for : (A) Exclusive

(A) Intellectual Property Rights (B) Inclusive

(B) International Property Rights (C) Indirect

(C) Internal Promotion Rights (D) Direct

(D) Internal Promotional Rights 99. The most generic name to describe

corporations operating around the world :

95. Extension of marketing activities across

the globe is called as : (A) INC

(B) MNE
(A) International business
(C) MNC
(B) Universal marketing
(D) Global Corporations
(C) International marketing

(D) Borderless marketing 100. .............. can be described as the

economic means to achieve the political

96. .............. factors affect international
goal of an independent nation.
marketing decisions :
(A) Liberalization
(A) Political
(B) Free trade
(B) Economic
(C) Trade barreiers
(C) Social
(D) Protectionism
(D) All of the above

BBA-601(N) ( 15 ) Set-A
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