Week 1

1. Commercial activities that go beyond the geographical limits of a country are called? -
All of the given options (Options are - Internationalization, International Business and
Globalization)

2. Glocalization means: - Think Global, Act Local

3. Merchandise goods include: - Only tangible goods and excludes services.

4. International Business transaction involves - Multiple Currencies

5. Entrepot Trade are: - All of the given options (Options are - Importing goods and
services to re-export them to other nations, merchandise which may be imported,
stored, or traded, usually to be exported again and goods do not face any import and
export duties upon shipment from the port)

6. ______________means integrating the Indian economy with the world economy -

7. Globalization 4.0 involves mainly - Disruption of Technology

8. Challenges of globalization includes - All of the given options (Options are - Global
marketing & Communication, Ethical Business Practices and Culture)

9. Globalisation aims to create ________ world. - Borderless

10. MNC is a company that has business operations in atleast -------- country other than its
home country - 1

Week 2
1. GDP means: - is the total monetary or market value of all the finished goods and
services produced within a country's borders in a specific time period.

2. The formula for calculating GDP is : - GDP = C + I + G + (X-M)

3. Per capita GDP: - All of the given options (Options are - is calculated by dividing the
gross domestic product of a country with its population, is the sum of gross value added
by all resident producers in the economy plus any product taxes (less subsidies) not
included in the valuation of output, divided by mid-year population and measures a

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country's economic output per person)

4. Nominal GDP is: - All of the given options (Options are - is the value of all the final
goods and services at current market prices, is the GDP calculated at the current market
prices and given in current prices, without adjustment for inflation)

5. GNP: - All of the given options (Options are - takes into account the investments
made by the businesses and residents of the country, living both inside and outside the
country, Is the total value of all the goods and services produced by the residents and
businesses of a country, irrespective of the location of production and It takes into
account the value of the products produced by the industries of the domestic origin)

6. The term economic growth is explained by ___________. - All of the given options
(Options are - Structural changes in the economy, Increase in the per capita income and
Increase in the per capita production)

7. How many members are there in UNO - 193

8. WTO was created by which round of negotiations - Uruguay Round negotiations

9. What are the values of International Chamber of Commerce - Connect, Pioneer,

10. ISO Certification provides assurance on ----------- - Quality

Week 3
1. The mode of entry into international business with least risk to the firm is : - Indirect
exports

2. Globalisation 4.0 means: - Digital Goods and Services

3. Louis Vuitton and BMW partnership is a: - Strategic Allianz

4. Wholly Owned Subsidiary is a: - corporation with 100% shares held by another

5. Reasons for strategic Alliance are: - All of the given options (Optios are - Ease of
entry and exit, Competitive advantage and Mutual benefit)

6. Type of enterprises that take up turnkey projects are: - All of the given options

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(Options are - Manufacturers of engineering equipment, Consulting firms and
Construction companies)

7. Which of the following is not an advantage of exporting? - Limited presence in

8. Contract Manufacturing is a form of _________ - Joint venture

9. Outsourcing a part of or entire production and concentrating on marketing

10. De-internationalization can be the result of two different processes: - Company

Week 4
1. Competitive Advantage means: - All of the given options (Options are - anything that
gives a company an edge over its competitors, A condition or circumstance that puts a
company in a favorable or superior business position and factors that allow a company
to produce goods or services better or more cheaply than its rivals)

2. Absolute Advantage refers to: - The ability of an individual or group to carry out a
particular economic activity more efficiently than another individual or group.

3. GNI stands for: - Gross National Income

4. Balance of Trade refers to: - All of the given options (options are - Commercial
Balance, The difference in value between a country’s imports and exports and Net
Exports)

5. Is Balance of Payments and Balance of Trade the same: - No

6. BOP refers to: - Country’s receipts and payments in foreign exchange

7. What do you mean by Gross National Product? - The total value of goods and
services produced in the country and the net factor income from abroad.

8. Inflation refers to : - All of the given options (Options are - the rate of increase in
prices over a given period of time, the rate at which prices for goods and services rise
and the gradual loss of purchasing power, reflected in a broad rise in prices for goods

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and services)

9. Income Distribution is : - All of the given options (Options are - how the nation's total
income is distributed amongst its population, a measure of how income is distributed
amongst individuals and households in a society and a statistical measure of how many
people earn or receive various amounts of income)

10. PLFS of National Statistical Office refers to : - Periodic Labor Force Survey

Week 5
1. When was United Nations Organization established: - 1945

2. NATO is: - North Atlantic Treaty Organization

3. The headquarters of EU is: - Brussels

4. WTO was established in the year: - 1995

5. WTO members as of 2023 is: - 164

6. The first host city for G20 summit is? - Washington DC

7. How many individual member countries in G20: - 19

8. Which country withdrew from International Criminal Court: - Burundi

9. The main functions of IMF are: - All of the given options (Options are - Policy advice,
Financial Assistance and Capacity development)

10. SDR of IMF stands for: - Special Drawings Rights

Week 6
1. Which is the right sequence of stages of Internationalization: - Domestic,
International, Multinational, Global, Transnational

2. Capitalistic, communist, and Mixed are the types of : - Economic System

3. Comparative Cost Trade Theory is given by - David Ricardo

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4. Key controllable factors in global marketing are ______. - Marketing activities and
plans

5. The efforts of IMF, World bank and WTO to liberalize their economies led to _____. -
Globalisation

6. Global events and global competition affect ______. - All of the given option
(Options are - Medium organization, Big organization and Small organization)

7. Which of the following do not facilitate globalization? - Barriers to trade and

8. Globalization can create problems for business because: - It can result in more
competition

9. How does trade reduce poverty? - Through economic growth

10. Trade War occurs, when : - When nations impose more and more trade barriers on
trade with the other country

Week 7
1. The three main concerns facing any international business entity are : - All of the
given options (Options are - Political stability, Nationalism and The government's
orientation)

2. Domestication refers: - to transfer of control of foreign investment to national

3. The Fur Seal Arbitration (1893) was a dispute between: - United States and Great
Britain

4. Is the WTO framework application same throughout the world? - No, the WTO makes
allowance for regional variation.

5. Policy about exports and imports is called? - Commercial policy

6. International law is an independent system of law existing: - Outside the legal orders
of particular states.

7. Article 38 (1) of the ICJ’s statute identifies which of the following as sources of

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international law: - Treaties, customary law, Judicial decisions and general principles
of law

8. International law largely operates upon: - The consent of participating nations

9. What type of treaty was GATT: - Multilateral

10. The English phrase “international law” was first coined by the utilitarian
philosopher, Jeremy Bentham in the year: - 1984

Week 8
1. The key regulators of foreign investment in India are: - All of the given options
(Options are - Other concerned governmental departments and ministries, The DPIIT (in
the Ministry of Commerce and Industry, Indian government) and The Reserve Bank of
India (RBI), which has been empowered to administer the NDI Rules)

2. Foreign investment in India can be made through the following which modes: - FDI,
FVCI, and FPI

3. The core pillars of FTP 2023 are: - All of the given options (Options are - Ease of
doing business and Emerging Areas, Incentive to Remission and Export promotion
through collaboration)

4. FTP seeks to take India's exports to ………….. trillion dollars by 2030: - 2

5. The FEMA Regime contemplates FDI into India via which routes: - The automatic
route and the government (approval) route.

6. The available route of investment is dependent on the: - Sector in which the

7. Under the automatic route, FDI is permitted: - Without any approval from the
government or the RBI, up to 100 per cent or such other limit as may be prescribed for
a sector.

8. Some sectors that fall under the 100 per cent automatic route include: - All of the
given options (Options are - Manufacturing, Other financial services and Telecom
services)

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9. FDI is prohibited in which of the following sectors:

a) lottery business,

b) gambling and betting including casinos, etc.,

c) chit funds,

d) Nidhi companies;

e) trading in transferable development rights,

f) Telecom sectors

- A, B, C, D, E

10. Activities or sectors not open to private sector investments are: - All of the given
options (Options are - Railway operations, Maintenance of Suburban corridor projects
through PPP and Atomic energy)

Week 9
1. How is a country’s currency valued? - Law of supply and demand

2. Floating Exchange Rate is determined by: - Market Forces

3. Managed Floating Rate is controlled by - Central Bank

4. The rate which is determined by the government is known as - Fixed Exchange Rate

5. When the exchange rate rises due to managed floating, it is called as” - Depreciation

6. What is FEMA? - Foreign Exchange Management Act

7. Spread = Ask – (?) - Bid

8. Avoidance of foreign exchange risk is known as: - Hedging

9. Inflation can have a ------------ effect on the currency value. - Negative

10. A spot transaction in the foreign exchange market involves the - immediate (within
two days) exchange of bank deposits

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Week 10
1. India’s overall exports in October 2023 estimated at - USD 62.26 Billion

2. Merchandise Exports in October 2023 registered ………….. percent growth - 6.21

3. What does EXIM policy controls? - Both Exports and Imports

4. Who heads the department of import export in India? - DGFT

5. When was the 1st EXIM policy defined? - 1962

6. The top exports of India are: - All of the given options (Options are - Diamonds,
Packaged Medicaments and Refined petroleum)

7. Which of the following goods are prohibited from exports: - Counterfeit and pirated
goods

8. Which of the following are prohibited from importing into India: - Skins and other
parts: --- Of wild birds

9. India’s top imports are: - All of the given options (Options are - Gold, Diamond and
Coal Petroleum)

10. India’s top 3 export partners in the year 2023 - USA, China, UAE

Week 11
1. Under which ministry does DGFT (Director General of Foreign Trade) come: - Ministry
of Commerce and Industry

2. IEC refers to : - Import Export Code

3. ICEGATE stands for: - Indian Customs Electronic Data Interchange Gateway

4. __________ indicates the country in which the goods are manufactured. - Certificate
of Origin

5. About 95% of India’s merchandise trade (by volume) is handled by which transport: -

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 Maritime Transport

6. _______ gives title to the goods in export business. - Bill of lading

7. A receipt issued by the commanding officer of the ship when the cargo is loaded on the
ship is known as - Mate receipt

8. Import license are required - import of goods covered by negative list

9. INCO Terms stand for - International Commercial Terms

10. TED and DTA stands for - Terminal Excise Duty & Domestic Tariff Area

Week 12
1. Culture comes under which study: - Anthropology

2. What is anthropology? - All of the given options (the study of human societies and
cultures and their development., the systematic study of humanity. & the study of
human biological and physiological characteristics and their evolution.)

3. What are the attributes of a culture? - Shared, Pervasive, Enduring, Implicit

4. What does DEI stand for: - Diversity, Equity, Inclusion

5. What is Ethnocentrism? - a tendency to interpret or evaluate other cultures in terms

6. Culture shock refers to: - feelings of uncertainty, confusion, or anxiety that people
may experience when moving to a new country or surroundings

7. Four stages of culture shock are : - Honeymoon , Frustration, Adaptation, Acceptance

8. Which do you think is the best way to overcome language barriers during business
dealings: - Use interpreters and translators

9. Indian Business culture focusses on : - Relationships and trust building

10. Americans believe in the Motto: - Time is money

Week 13

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 1. Business ethics is the : study of human behavior and conduct

2. Business ethics is a form of - Applied ethics

3. What is meant by the phrase 'teleological ethics'? - An action can only be judged by its
consequences.

4. For Karl Marx, where do our values come from? - They are a product of the economic
system within which we live.

5. What does Milton Friedman believe to be the sole responsibility of business? - The
only social responsibility of business is to its shareholders.

6. What, according to Adam Smith, is the best way to promote collective interest? -
Through everyone working on their own self-interest

7. What is green washing? - Making a product appear more ethical that it really is.

8. What is triple bottom line? - An accounting tool that looks at the impact on people,
planet and profits.

9. Which legislation relates to the concept of business ethics? - All of the given options
(Consumer Protection Act, The Companies Act & M.R.T.P. Act)

10. Most companies begin the process of establishing organizational ethics programs by
developing : - Codes of conduct

Week 14
1. CSR increases - All of the given options (increases employee engagement, customer
retention and loyalty & improves brand imaging and attracts investment opportunities)

2. CSR is --------------- for companies. - Obligation and Mandatory

3. The section under which the CSR is governed is - 135

4. Pursuant to the amendment in the CSR policy rules, the companies are now required to
park the unspent amount of ongoing projects in a separate account within ---------- of
the end of financial year - 30 days

5. Which of the following activities will not be considered for CSR - Activity undertaken
outside India

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 6. Business ethics and Corporate Social Responsibility are: - Are part of the other

7. When did India mandate corporate social responsibility: - 2014

8. What percentage of the average net profit should companies spend in CSR? - 2%

9. A company satisfying what net worth during the immediately preceding financial year is
required to comply with CSR provisions specified under section 135(1) of the
Companies Act, 2013. - net worth of rupees five hundred crore or more.

10. Every officer of company which defaults in compliance will be liable to pay Rs………. lakh
or one-tenth of the amount required to be transferred by the company to CSR fund
specified in Schedule VII or the Unspent Corporate Social Responsibility Account,
whichever is less. - 2

Week 15
1. What is the greenhouse effect? - Certain gases in the atmosphere trap heat and warm
the Earth

2. Which activities are the largest contributors of greenhouse gases? - Transportation

3. If the greenhouse effect is natural, then why is today's climate change a bad thing? - All
of the given options (A small increase in greenhouse gas concentration can have a large
effect of increased warming., Abrupt changes to the climate system may have
unintended outcomes that may pose challenges for societies, like more extreme
weather, spread of diseases, a decline in marine life, or an alteration of ocean
circulation patterns. & Humans have altered a natural process and exaggerated changes
that might normally occur over millions of years.)

4. India will achieve net zero targets by: - 2070

5. What is full form of LiFE at the side event held at India Pavilion at COP 27? - Lifestyle
for the Environment

6. Global warming : - Increases heat-trapping greenhouse gas levels in Earth's

7. For the last 40 years, the global annual temperature rise is: - 0.18 degrees Celsius per
decade.

8. India is a Party of: - All of the given options (Kyoto Protocol, UNFCCC & Climate &

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 Clean Air Coalition)

9. To keep global warming to no more than 1.5°C – as called for in the Paris Agreement –
emissions need to be reduced by - 45% by 2030

10. Net zero means : - Cutting greenhouse gas emissions to as close to zero as possible.

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