Chapter-12 ➤ International Business 2 1. Capitalistic, communistic and Mixed are the types of Economic System Social System Cultural Attitudes Political System 2. Which one of the following is not a part of export documents? Commercial invoice Certificate of origin Bill of entry Mate’s receipt 3. The first phase of globalization started around 1870 and ended with ….. World War I World War II The Establishment of GATT In 1913 when GDP was High 4. The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is Letter of hypothetication Letter of credit Bill of lading Bill of exchange 5. Which of the following does not belong to the World Bank group? IBRD IDA MIGA IMF 6. Key controllable factors in global marketing are: Government policy and legislation social and technical changes marketing activities and plans all of the above 7. The theory of comparative cost advantage is given by David Ricardo Adam Smith F W Taussig Ohlin and Hecksher 8. …..is only a legal agreement and it is not an institution, but ….. is a permanent institution. GATT, WTO WTO, GATT WTO, IMF IMF, GATT 9. Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper’s name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo? Shipping bill Packaging list Mate’s receipt Bill of exchange 10. Comparative Cost Trade Theory is given by Adam Smith David Ricardo Gottfried Haberler Heckscher Ohlin Loading … Question 1 of 10
