Business Environment And International Business - Study Mode

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[#96] NAFTA came into force from January, 1994 embracing

(A) USA, Canada, Cuba, Trinidad and Tobago

(B) USA, Canada, Mexico

(C) Cuba, Mexico, USA, Havana

(D) Trinidad, The USA, Mexico

Correct Answer

(B) USA, Canada, Mexico

[#97] Match the items of List II and with the items of List I relating to WTO impact: List-I List-II a. NAMA 1. Liberalisation of international investments. b. GADS 2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries. c. TRIMs 3. Liberalisation of trade in goods and services. d. TRIPs 4. Provides monopoly power to owners of intellectual property

(A) a-2, b-1, c-4, d-3

(B) a-4, b-2, c-3, d-1

(C) a-2, b-3, c-1, d-4

(D) a-3, b-2, c-4, d-1

Correct Answer

(C) a-2, b-3, c-1, d-4

[#98] The theory suggesting that the patterns of international trade are determined by factor endowment rather than productivity was propounded by which one of the following?

(A) Adam Smith

(B) David Ricardo

(C) Heckscher and Bertil Ohlin

(D) Michael Porter

Correct Answer

(C) Heckscher and Bertil Ohlin

[#99] Which of the following have been recognised under the intellectual property eligible for creation of rights as per WTO mandate? 1. Computer software, music disc, performing art 2. Geographical indicator 3. Global positioning system 4. Journals, books, seeds, design, brand Select the correct answer:

(A) 1, 2 and 3

(B) 1, 3 and 4

(C) 1, 2 and 4

(D) 2, 3 and 4

Correct Answer

(C) 1, 2 and 4

[#100] The current account of the balance of payments includes all of the following items except which one?

(A) The inflow of capital investment by multinational companies

(B) Exports of manufactured goods

(C) Interest payments on overseas debts

(D) Expenditure in a country by overseas visitors

Correct Answer

(A) The inflow of capital investment by multinational companies