When was the Hinduism originated?

• A) 5000 years ago
• B) 6000 years ago
• C) 7000 years ago
• D) 4000 years ago

International firms should be aware of social differences of a country before entering into it, this concept is termed as:

• A) Cross culture education
• B) Ethnocentric behavior
• C) Cross culture literacy
• D) Cross cultural liberalization

Which one of the following is a country where Theocratic system of law prevails?

• A) Japan
• B) Germany
• C) Iran
• D) France

In which year Foreign Corrupt Practices Act was applied in United States of America?

• A) 1976
• B) 1975
• C) 1978
• D) 1977

Who argued that religion and work ethics are interrelated?

• A) Philip Grey
• B) Karl Marx
• C) Jonathan Healy
• D) Max Weber

In the 20th century Ricardo’s work was refined by two Swedish economists, they were;

• A) William N. Shepherd and Richard Smethurst
• B) Dennis Robertson and Joan Robinson
• C) Eli Heckscher and Bertil Ohlin
• D) Thorold Rogers and Jenny Scott

Which of the following is known as the bedrock of a culture?

• A) Ethics
• B) Norms
• C) Customs
• D) Values

The qualitative and quantitative approach evaluates a country’s economic risk.

• A) False
• B) True
• C)
• D)

Exchange rate fluctuations, shift in government policy and political instability comes under economic risk.

• A) False
• B) True
• C)
• D)

Interest free banking system is supported by:

• A) Islam
• B) Hinduism
• C) Judaism
• D) Christianity

Where was the Hinduism originated?

• A) Kashmir
• B) Bengal
• C) Indus valley
• D) Tamil Nadu

Which of the following is NOT a part of Hofstede’s Model?

• A) Communism versus collectivism
• B) Masculinity versus femininity
• C) Uncertainty avoidance
• D) Power distance

Which of the following acts prohibits U.S. companies from making illegal payments to foreign officials to obtain or retain business?

• A) Freight Clearance Practices Act
• B) Freight Corrupt Practices Act
• C) Foreign Corrupt Preferences Act
• D) Foreign Corrupt Practices Act

Which of the following country is famous for the export of automobile?

• A) Brazil
• B) China
• C) Japan
• D) Mexico

Confucianism, practiced mainly in the Indian sub-continent.

• A) False
• B) True
• C)
• D)

In a market based economy, the biggest characteristic of entrepreneurship is:

• A) Business development
• B) Economies of Scale
• C) Innovation
• D) Revenue generation

A situation where the value of imports is greater than the value of exports is called trade surplus.

• A) False
• B) True
• C)
• D)

Social unrest and disorder produce poor security conditions, which increases:

• A) Legal Risk
• B) Social Risk
• C) Political Risk
• D) Insurance Risk

Absolute advantage, focused on the ability of a country to produce a good more efficiently than another nation.

• A) False
• B) True
• C)
• D)

Technological environment changes very fast.

• A) True
• B) False
• C)
• D)