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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 32

1 The Uruguay round provided ‘Sunset’ clause to control :
1 Customs valuation
2 Dumping
3 Technical barriers to trade
4 Dispute settlement

Answer: Dumping
2 In order to promote domestic capital goods manufacturing industry, Specific Export Obligation under EPCG scheme, in case capital goods are procured from indigenous manufacturers, has been reduced from 90% to __________.
1 50%
2 60%
3 75%
4 80%

Answer: 75%


3 International banking dealing with non-residents only and not in the currency of the country where they are located is called __________.
1 Non-resident Banking
2 Offshore Banking
3 Euro Currency Banking
4 London Discount House

Answer:Offshore Banking
4 Exporter’s ‘Export risk insurance’ is covered by __________.
1 Insurance Companies
2 Export Credit Guarantee Corporation
3 Reserve Bank of India
4 Export Development Authorities

Answer: Export Credit Guarantee Corporation
5 In which sector FDI was not prohibited under the government route as well as automatic route till February 10, 2015 ?
1 Atomic energy
2 Lottery business
3 Housing and real estate
4 Single brand retail trade

Answer:Single brand retail trade
6 Member Countries of NAFTA are __________.
1 Brazil, USA and Canada
2 Canada, USA and Mexico
3 USA, Argentina and Canada
4 Panama, USA and Canada

Answer:Canada, USA and Mexico
7 Presently in India, rupee convertability in foreign exchange is __________.
1 Restricted
2 Partial
3 Full
4 None of the above

8 A country can improve its balance of payment through contribution both to current account and capital account by way of __________.
1 Export promotion
2 Foreign Direct Investment
3 Import of Capital
4 Export of Capital

Answer: Foreign Direct Investment
9 “__________ is a statement showing a Country’s Commercial Transaction with the rest of the world . It shows inflow and outflow of foreign exchange. It is divided into current and capital accounts. The former records the transaction in goods and services.”
1 Foreign Direct Investment
2 Balance of Payment
3 Movement of Foreign Exchange
4 International Commitments

Answer:Balance of Payment
10 The activity of making profit through buying a Currency cheap in one market and selling it dear in the other market at a particular point of time is known as __________.
1 Forward currency
2 Currency arbitrage
3 Speculation of currency
4 Depreciated currency

Answer: Currency arbitrage
11 Assertion (I) : A sick industry is one which is not healthy in terms of its financial management.

Assertion (II) : A unit which has incurred cash losses for one year and it is likely to continue to incur cash loss for current year as well as for following year is considered to be a sick unit.

1 Assertion (I) only is correct.
2 Assertion (II) only is correct.
3 Assertion (I) and (II) both are incorrect.
4 Assertion (I) and (II) both are correct`

Answer: Assertion (I) and (II) both are correct`
12 Which of the following is/are eligible to get the benefit under the scheme of “Rehabilitation of Sick Enterprises” by the Government of India ?
1 Micro sick unit
2 Small sick unit
3 Medium sick unit
4 All of the above

Answer: All of the above
13 Which among the following is not a scheme by the MSME ?
1 Assistance to Training Institutions (ATI)
2 Credit Linked Capital Subsidy (CLCS)
3 Credit Linked Assets Subsidy (CLAS)
4 ISO 9000/ISO 14001 Certification Reimbursement

Answer:Credit Linked Assets Subsidy (CLAS)
14 The enforcement mechanisms followed in respect of implementation of corporate governance practices are indicated below. Choose any one of the mechanism which is not included in corporate governance practice.
1 Clause 49 of the Listing Agreement
2 Directors responsibility statement, appointment of independent directors, audit committee and internal check
3 Corporate governance compliance certificate, audit committee report, appointment of woman director
4 Formulation of mission statement, appointment of a whistleblower, contents of red herring prospectus

Answer:Formulation of mission statement, appointment of a whistleblower, contents of red herring prospectus
15 There is a provision in the Companies Act, 2013 regarding related party transactions to ensure ethical standards in managerial decisions. From the following options identify who is not a related party as per the Companies Act, 2013.
1 A person on whose advice, directions or instructions (except given in professional capacity) a director or manager is accustomed to act.
2 A private company in which a director or manager is a director or holds along with his relatives less than 2% of its paid up share capital.
3 A firm in which a director, manager or his relative is a partner.
4 A holding/subsidiary or associate company, subsidiary’s subsidiary and such person as would be prescribed.

Answer: A private company in which a director or manager is a director or holds along with his relatives less than 2% of its paid up share capital.

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