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Global Business Environment Practice Test
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Avg score: 50% • Most missed: “WTO was setup in ______”

The global business environment is short for dynamic and always fluctuating challenges and opportunities that businesses face when operating in a global marketplace.

Basically, the global business environmentIt reflects the interconnectedness of our modern world  - what happens in one country or region has an impact on other regions or countries.

The global business environment is directly influenced by availability of raw materials, reliability of supply chain, labor supply, wages, worker expectations, government regulations and consumer demand. 

Global Business Environment Practice Test
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25 Questions

1. IDA was established primarily to provide finance to less developed member countries on a _________ basis.
2. The headquarters of ADB is _________
3. _________ is an arrangement to pay for import of goods and services with something other than cash.
4. The short fall of the member's currency with fund over its quota is called _________
5. The member countries of WTO have moved to 'Product Patent Regime' under _________
6. _________ was a Multilateral treaty encompassing rules and disciples for an orderly world trading system.
7. Culture is _________
8. _______ is the fastest growing trading bloc in the world.
9. ____________ is a permanent institution with its own Secretariat.
10. In WTO _________ is the highest hierarchical level in the organizational structure.
11. The industrial policy of the Government of India was declared by _________
12. ___________ operates as a co-operative, multi-lateral, economic and trade forum.
13. The head quarters of SAARC in _______
14. The monopolist sells the product in a foreign market at a low price initially with a view to drive away the competitors and increase the price after the competitors leave the market in _________
15. _________ is an enterprise which allocates company resources without regards to national frontiers, but is nationally based in terms of ownership and top management.
16. _________ consisted of 17 industries and future development of the industry, it is to be excluded responsibility of the state
17. When the production of a product is more than the demand in the home country, the stocks piled up even after sales is _________
18. Which of the following is not a joint venture?
19. ___________ are also known as International Bank for Reconstruction and Development.
20. The cultural habit of firm hand-shake is associated with the culture of _________
21. The President elected for a term __________ in ADB
22. ADB was setup in ________
23. _________ allows a company to conduct business in another country whose laws discourage foreign ownership
24. In an organisation, changes occur slowly but threat occurs in cluster is called _________
25. _________ are maximum tariffs imposed by the member countries of WTO.

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