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Management Questions and Answers for Competitive Exams | MBA BBA Quiz Set 48

1 The financial institutions have a major say in which of the following corporate governance model ?
1 Japanese model
2 Anglo-American model
3 German model
4 Indian model

Answer: Japanese model
2 The four types of social responsibility include :
1 Legal, Philanthropic, Economic and Ethical
2 Ethical, Moral, Social and Economic
3 Philanthropic, Justice, Economic and Ethical
4 Legal, Moral, Ethical and Economic

Answer:Legal, Philanthropic, Economic and Ethical
3 From the following statements relating to WTO agreements, choose the statements that are correct :

Statement I : Diversity in technical regulations and industrial standards among countries leads to the introduction of TBT (Technical Barriers to trade) Agreements.

Statement II : The aim of WTO agreements on customs valuation is to ensure a fair, uniform and neutral system for the valuation of goods for customs purposes.

Statement III : The agreement on Trade Related Investment Measures (TRIMs) applies only to measures that affect trade in goods.

Codes :
1 Statements I and II only are correct.
2 Only statement I is correct.
3 Only statements II and III are correct.
4 All the statements are correct.

Answer: All the statements are correct.
4 If the spot rate of US dollar is ` 60 and one mouth forward rate is ` 62, the forward rate premium (p) will be
1 40%
2 (–)40%
3 33%
4 (–)33%

Answer: 40%
5 For which of the following sectors, the FDI cap/equity is 100% ?

i. Mining including exploration and mining of diamonds.

ii. Defence production

iii. Drugs and pharmaceuticals

iv. Insurance

v. Banking

vi. Power (except atomic energy)

Codes :
1 i, iii, iv and vi
2 i, iii, iv and v
3 i, ii and vi
4 i, iii and vi

Answer: i, iii and vi
6 As per the Foreign Trade (Development and Regulation) Act, 1992, who advises the Central Government in the formulation of Export and Import Policy ?
1 Chief controller of Imports and Exports
2 Director General of Foreign Trade
3 Director General of Commercial Intelligence
4 Chief Controller of Foreign Trade

Answer: Director General of Foreign Trade
7 According to Eclectic theory of Foreign Direct Investment (FDI), the motivation behind FDI is/are
1 Capital and labour adequacy
2 Raw material and labour adequacy
3 Ownership, location and internalisation
4 Labour, capital market and internalisation

Answer:Ownership, location and internalisation
8 The following statements are related to patents. Using code indicate the statements that are not correct :

Statement I: Patent is aimed to encourage economic and technological development.

Statement II : Patent can be protected only for a limited period.

Statement III : The law of patent is international in its operation.

Statement IV : When the patent right expire, the technology becomes public property.

Codes :
1 Statements II, III and IV are not correct.
2 Statements II and IV are not correct.
3 Statement III is not correct.
4 Statement IV is not correct.

Answer:Statement III is not correct.
9 Pichot suggested three roles for the intrapreneur in promoting innovation. Indicate the correct answer.
1 Inventor, innovator and sponsor
2 Inventor, product champion and sponsor
3 Team builder, information source and advocate
4 Mould breaker, change agent and sponsor

Answer:Inventor, product champion and sponsor
10 Which of the following statements are not correct in relation to pre-shipment credit in foreign currency ?

Statement I : It is a foreign currency loan available, both, to the importers and exporters.

Statement II : It is self liquidating in nature and can be liquidated by purchasing/ discounting of bills.

Statement III : Refinance from RBI is available to banks against pre-shipment credit in foreign currency.

Statement IV : The interest rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.

Codes :
1 Statements I, II and III are not correct.
2 Statements I, III and IV are not correct.
3 Statement II and IV are not correct
4 Statement II and III are not correct.

Answer: Statements I, III and IV are not correct.
11 The small scale sector is the __________ largest employer of human resources in the country.
1 Single
2 Second
3 Third
4 Fourth

12 Which of the following is not a promotional measure undertaken by the central government to promote small enterprises ?
1 Supply of machinery on hire-purchase terms
2 Technical consultancy and financial assistance
3 Land available at cheaper rates for setting up a unit
4 Assistance for domestic marketing as well as export

Answer: Land available at cheaper rates for setting up a unit
13 At which stage of ethical consciousness, there is a shift in focus from ‘business’ to ‘ethics’ ?
1 Corporate social responsibility
2 Long-term profit maximisation
3 Stakeholders concept
4 Short term profit maximisation

Answer:Long-term profit maximisation
14 Statement I: Corporate values seek to ensure a consistency of conduct across the entire organisation.

Statement II : Corporate values directly relate to organisation’s risk management strategies and support reputation and credibility.

Codes :
1 (I) and (II) both are incorrect.
2 (I) and (II) both are correct.
3 (I) is incorrect and (II) is a correct statement in isolation.
4 (I) is correct, but (II) is not the right explanation of (I).

Answer:(I) and (II) both are correct.
15 Which of the following is related to the recycling of waste and paper undertaken by an organization ?
1 Corporate policy towards sustainability
2 Corporate governance of an organisation
3 Social responsibility of an organisation
4 Corporate values of an organisation

Answer:Social responsibility of an organisation

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