MCQOPTIONS
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MCQOPTIONS
This section includes 157 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Management Studies (BMS) knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
insurance is covered by Marine Insurance Act, 1963. |
| A. | marine |
| B. | life |
| C. | medical |
| D. | health |
| Answer» B. life | |
| 102. |
is a sales promotion tool. |
| A. | discounts |
| B. | premium price |
| C. | perceived product |
| D. | sponsorship |
| Answer» B. premium price | |
| 103. |
is the most convenient and cost effective mode of transport in export business. |
| A. | roadways |
| B. | railways |
| C. | seaways |
| D. | airways |
| Answer» D. airways | |
| 104. |
is not an element of promotion. |
| A. | publicity |
| B. | sales promotion |
| C. | sponsorship |
| D. | product |
| Answer» E. | |
| 105. |
covers financial risks in export business. |
| A. | insurance |
| B. | transportation |
| C. | communication |
| D. | warehousing |
| Answer» B. transportation | |
| 106. |
helps to co-ordinate moving of resources with the help of people, equipment and technology. |
| A. | logistics |
| B. | human resource management |
| C. | marketing |
| D. | research |
| Answer» B. human resource management | |
| 107. |
distribution channel reduces per unit cost of the product in export business. |
| A. | direct |
| B. | indirect |
| C. | variance distribution |
| D. | binomial distribution |
| Answer» B. indirect | |
| 108. |
helps to distribute export goods only through government agencies. |
| A. | co-operatives |
| B. | canalizing agencies |
| C. | customs officials |
| D. | consortiums |
| Answer» C. customs officials | |
| 109. |
is a longer channel of distribution in export business. |
| A. | direct channel |
| B. | indirect channel |
| C. | latitudinal channel |
| D. | longitudinal channel |
| Answer» C. latitudinal channel | |
| 110. |
Logistics in export marketing does not cover aspect. |
| A. | packaging |
| B. | warehousing |
| C. | material handling |
| D. | advertising |
| Answer» E. | |
| 111. |
EU needs packaging requirements. |
| A. | eco-friendly |
| B. | thermoformed |
| C. | laminated |
| D. | corrugated |
| Answer» B. thermoformed | |
| 112. |
EU requires labelling requirement in language/s. |
| A. | one |
| B. | two |
| C. | three |
| D. | four |
| Answer» E. | |
| 113. |
Product promotion in export business is mainly done through . |
| A. | advertising |
| B. | publicity |
| C. | salesmanship |
| D. | participation in trade-fairs and exhibitions |
| Answer» E. | |
| 114. |
Packaging helps in . |
| A. | protection against damages |
| B. | preservation of quality |
| C. | promotion of product |
| D. | all of the above |
| Answer» E. | |
| 115. |
refers to creating a distinct image in the minds of the audience towards a specific brand. |
| A. | positioning |
| B. | promotion |
| C. | packaging |
| D. | product labelling |
| Answer» B. promotion | |
| 116. |
among the following is not an element of branding. |
| A. | brand name |
| B. | logo |
| C. | brand colour |
| D. | country of origin mark |
| Answer» E. | |
| 117. |
Product mix is . |
| A. | a specific category of product line |
| B. | a range of companies’ offerings |
| C. | a part of product depth |
| D. | a restricted line of companies’ offerings |
| Answer» C. a part of product depth | |
| 118. |
The main objective of export pricing is . |
| A. | maximizing the profits |
| B. | applying for government incentives |
| C. | ease in documentation |
| D. | facilitates distribution |
| Answer» B. applying for government incentives | |
| 119. |
INCO terms refer to . |
| A. | international commercial terms |
| B. | in-trade commercial terms |
| C. | interim compensation |
| D. | international company |
| Answer» B. in-trade commercial terms | |
| 120. |
helps to distinguish the company’s brand among its competitors. |
| A. | brand name |
| B. | company name |
| C. | product marking |
| D. | product price |
| Answer» B. company name | |
| 121. |
gives an identity to the exporter and its brands sold in foreign markets. |
| A. | branding |
| B. | marking |
| C. | labelling |
| D. | packaging |
| Answer» B. marking | |
| 122. |
Product price is not directly affected by . |
| A. | costs |
| B. | product nature |
| C. | competitor’s prices |
| D. | quota restrictions |
| Answer» E. | |
| 123. |
Under CIF quotation, which among the following is not a responsibility of the exporter? |
| A. | expenses upto goods loaded on board the ship |
| B. | marine insurance |
| C. | customs at port of destination |
| D. | freight expenses |
| Answer» D. freight expenses | |
| 124. |
Under C&F quotation, which among the following is not a responsibility of the exporter ? |
| A. | expenses upto goods loaded on board the ship |
| B. | production management |
| C. | payment of marine insurance |
| D. | payment of freight expenses |
| Answer» D. payment of freight expenses | |
| 125. |
Under FOB quotation, which among the following is not a responsibility of the exporter ? |
| A. | expenses upto goods loaded on board the ship |
| B. | production management |
| C. | customs at port of shipment |
| D. | freight expenses |
| Answer» E. | |
| 126. |
Formula : CIF Price = |
| A. | fob price + incentives |
| B. | cif costs + profits – dbk |
| C. | c&f price – marine insurance |
| D. | fob costs + customs @ port of destination + profits |
| Answer» C. c&f price – marine insurance | |
| 127. |
Formula : C&F Price = |
| A. | all expenses until goods loaded on board the ship + freight + profits – dbk |
| B. | c&f price + marine insurance |
| C. | cif price - profits |
| D. | c&f costs + customs@ port of destination + profits |
| Answer» B. c&f price + marine insurance | |
| 128. |
Formula : FOB Price = |
| A. | fob cost + profit – dbk |
| B. | all the expenses until goods loaded on ship + freight + profit – incentive |
| C. | all the costs until goods loaded on board the ship + freight + insurance – incentive |
| D. | fob expenses + customs @ port of destination – dbk |
| Answer» B. all the expenses until goods loaded on ship + freight + profit – incentive | |
| 129. |
Export quotation is . |
| A. | an offer made by importer to exporter in reply to exporter’s query |
| B. | commercial invoice |
| C. | an offer made by exporter to importer in reply to importer’s query |
| D. | importer’s bill |
| Answer» D. importer’s bill | |
| 130. |
refers to symbols printed on export packages. |
| A. | marking |
| B. | packaging |
| C. | branding |
| D. | designing |
| Answer» B. packaging | |
| 131. |
Product is the primary function of the exporter. |
| A. | planning |
| B. | development |
| C. | marketing |
| D. | packaging |
| Answer» B. development | |
| 132. |
provides information of the product and matters related to the product being exported. |
| A. | labelling |
| B. | marking |
| C. | packing |
| D. | positioning |
| Answer» B. marking | |
| 133. |
Term of trade is country show ______ |
| A. | ratio of import duties |
| B. | export prices to import price |
| C. | ratio of goods exported and imported |
| D. | ratio of price of export prices |
| Answer» D. ratio of price of export prices | |
| 134. |
The investment is productive assets and participation in management as stake holders in business Enterprises is ________ |
| A. | fdi |
| B. | fii |
| C. | balance of payment |
| D. | sdr |
| Answer» B. fii | |
| 135. |
The investment arm of the World bank is ____ |
| A. | miga |
| B. | ibrd |
| C. | ida |
| D. | ifc |
| Answer» E. | |
| 136. |
The factor which influence “bonuses†are _____ |
| A. | individual performance |
| B. | eligibility |
| C. | fund size |
| D. | individual character |
| Answer» C. fund size | |
| 137. |
The piecework pay plan is often called ______ |
| A. | extrinsic rewards |
| B. | group pay plan |
| C. | intrinsic rewards |
| D. | individual pay plan |
| Answer» E. | |
| 138. |
A plan offering a 75% base salary along with 25% in incentives is classified as _____ |
| A. | compensative plan |
| B. | non commission plan |
| C. | combination plan |
| D. | non competitive plan |
| Answer» D. non competitive plan | |
| 139. |
When the global level plans are prepared at international head quarters, it is a known as ______ |
| A. | strategy planning |
| B. | operational planning |
| C. | business planning |
| D. | corporate planning |
| Answer» C. business planning | |
| 140. |
A bill drawn under a letter of credit contains discrepancies_____ |
| A. | must negotiable irrespective of discrepancies |
| B. | may purchase it to take it for collection but should not refuse to handle the bill |
| C. | the bank should refuse to negotiable documents |
| D. | take the bill on collection basic only |
| Answer» C. the bank should refuse to negotiable documents | |
| 141. |
The following is a must for exporter _____ |
| A. | pp from |
| B. | grx form |
| C. | ep form |
| D. | gr form |
| Answer» E. | |
| 142. |
Duty drawback is the refund of duty chargeable on _______ |
| A. | imported material |
| B. | exports to indian owned warehouses in europe |
| C. | exported material |
| D. | damaged material |
| Answer» D. damaged material | |
| 143. |
Where head office is situation of the International Trade Organisation ______ |
| A. | china |
| B. | geneva |
| C. | london |
| D. | new delhi |
| Answer» C. london | |
| 144. |
What is the full name of BEP ______ |
| A. | break each point |
| B. | break easy point |
| C. | break even point |
| D. | break every point |
| Answer» D. break every point | |
| 145. |
Which of the following is a not part of GST _____ |
| A. | sgst |
| B. | cgst |
| C. | ngst |
| D. | igst |
| Answer» D. igst | |
| 146. |
The objective of distribution channels is _____. |
| A. | to send the goods from producer to consumer |
| B. | to send the goods from producer to stockiest |
| C. | to send the goods from producer to broker |
| D. | to send the goods from producer to retailer |
| Answer» B. to send the goods from producer to stockiest | |
| 147. |
Trade between two countries can be useful if cost ratios of goods are _____. |
| A. | degrees |
| B. | undermined |
| C. | equal |
| D. | different |
| Answer» E. | |
| 148. |
Dumping refer to ________ |
| A. | buying goods at low price abroad and selling at higher prices locally |
| B. | expensive goods selling for low prices |
| C. | sale of good abroad at low price, below their cost and price in home market |
| D. | reduce tariff |
| Answer» D. reduce tariff | |
| 149. |
Which of the following is international trade ______? |
| A. | trade between states |
| B. | trade between regions |
| C. | trade between countries |
| D. | trade between provinces |
| Answer» D. trade between provinces | |
| 150. |
Which of the following is a not matched against its name ___? |
| A. | asean: economic cooperation amongst all asian countries |
| B. | wto: does not allow quantitative restriction on trade |
| C. | saarc: encourage trade between south asian countries |
| D. | imf: to remove unfavorable balance of payments and to provide financial assistance |
| Answer» B. wto: does not allow quantitative restriction on trade | |