17. Exam Paper for International Business in BBA (With Answers)

,Exam Paper for International Business in BBA (With
Answers)

PAPER # 1


**Instructions:**
- This exam consists of two sections: Multiple Choice Questions
(MCQs) and Short Answer Questions (SAQs).
- For MCQs, circle the letter corresponding to your chosen answer.
- For SAQs, provide clear and concise answers.
- Total marks: 100


**Section A: Multiple Choice Questions (MCQs)**


1. Which of the following is NOT a key driver of globalization?
a) Technological advancements
b) Government regulations
c) Market liberalization
d) Cultural convergence


**Answer: b) Government regulations**


2. What is the primary goal of international trade?
a) Maximize imports
b) Minimize exports
c) Increase the trade deficit
d) Promote economic growth


2

, **Answer: d) Promote economic growth**


3. Which trade theory suggests that a country should specialize in
producing goods where it has an absolute advantage?
a) Mercantilism
b) Comparative advantage
c) Absolute advantage
d) Protectionism


**Answer: c) Absolute advantage**


4. What is a trade barrier that imposes a tax on imported goods?
a) Tariff
b) Quota
c) Embargo
d) Dumping


**Answer: a) Tariff**


5. In the context of international business, what does FDI stand for?
a) Free Domestic Investment
b) Foreign Direct Investment
c) Fiscal Development Index
d) Fair Trade International


**Answer: b) Foreign Direct Investment**



3