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Economic
Q:
Foreign companies have not used India as a source of low-cost supplies for the developed economies. This is due to ________.
a) poor infrastructure
b) stagnant domestic markets
c) the unavailability of raw material
d) the recession
Q:
Since the economic reforms that began in 1991, the growth in Indian economy has been rapid, creating ________.
a) an increment in protectionism
b) fewer opportunities for local joint ventures
c) a decrease in corruption
d) an attractive domestic market for companies
Q:
India has avoided the financial crises and recessions stemming from the United States and Europe because ________.
a) the economy of India is not intertwined with those of the developed countries
b) underdeveloped and developing countries are immune to inflation
c) the Indian government is not in debt
d) all goods and services have been heavily subsidized by the government
Q:
Which of the following explains the preference for boys over girls in India?
a) the loosening bonds of tradition
b) the practice of dowry
c) the rise in economic wealth
d) the low ratio of men against women
Q:
India began offering $30 to a woman who had her baby in a hospital rather than at home to ________.
a) increase the income of single mothers
b) encourage the growth of hospitals
c) reduce village dependence on midwives
d) improve maternal and infant care
Q:
Why was the creation of the Lokpal a body with powers to investigate and bring cases against government corruption controversial?
a) Such an organization would be outside the usual democratic checks in India.
b) A body independent of government-supervision would be inefficient.
c) Private organizations have higher levels of corruption than the government.
d) Amateur bodies lack the expertise to identify and handle corruption.
Q:
An approach taken to counter corruption in India was to turn over the administration of the power system to ________.
a) the government
b) the municipalities
c) NGOs
d) private companies
Q:
Which of the following would have spurred a reaction from global financial markets, reducing foreign direct investment?
a) a restriction on acquisitions
b) a ban on exports
c) a mandatory review conducted by the antitrust regulator
d) a decrease in protectionism
Q:
________ raised concerns about the future development of the Indian health care market.
a) Indian patent laws
b) Multiple acquisitions of Indian firms
c) The enactment of protectionist measures
d) Low health-standards
Q:
Which of the following attracted foreign pharmaceutical companies to India?
a) the adoption of new patent protection laws
b) the restrictions against acquisitions
c) the takeover of family-controlled companies
d) the absence of domestic entrepreneurship
Q:
One advantage of the pharmaceutical companies was that doctors tended to prescribe drugs using brand names, and pharmacists were prohibited from substituting another generic equivalent drug. This led to ________.
a) an increase in the competitiveness among generics
b) pharmaceutical companies marketing their drugs directly to the public
c) companies introducing generic drugs with brand names
d) a governmental ban on pharmaceutical advertisements
Q:
As a result of its ________, Indias pharmaceuticals industry had some 5,000 pharmaceutical companies producing 20 percent of the worlds generic drugs.
a) patent law
b) foreign relations policy
c) subsidies
d) cutting-edge technology
Q:
Which of the following spurred the development of a vigorous pharmaceutical industry in India?
a) the adoption of the TRIPS agreement
b) Indian patent law which did not comply with Western specifications
c) the large-scale acquisition of Indian firms by foreign companies
d) the ban on pharmaceutical advertising
Q:
Indian patent law allowed Indian pharmaceutical companies to produce drugs patented in Europe and the United States, provided they used a different ________.
a) name
b) logo
c) production process
d) business model
Q:
The food market in India is complex and requires careful study because of ________ across the country.
a) social inequality
b political tension
c) economic disparity
d) religious traditions
Q:
Why was the ban on the importation of solar panels criticized?
a) It would lead to domestic companies decreasing their prices.
b) It would give Europe a trade monopoly.
c) It would cut Indian companies off from technological innovations in solar power.
d) It would destroy the solar ecosystem, killing innovation and entrepreneurship.
Q:
The ________ generated demand for products similar to those in developed countries, providing opportunities for foreign companies to step in.
a) government
b) middle class
c) retailers
d) franchises
Q:
________ produced a large and growing middle class in India.
a) Rapid economic growth
b) Nationalization
c) Central planning
d) Ethnic synchronization
Q:
Indian companies were the leaders in the ________ movement.
a) exporting
b) importing
c) outsourcing
d) resourcing
Q:
Multi-brand retailers were ________.
a) encouraged to set up outlets across the country
b) prohibited from advertising their merchandise
c) barred from owning and operating their own stores
d) ordered to employ only locals in their firms
Q:
Foreign retailers were banned from ________.
a) making franchise arrangements with local retailers
b) using FDI for direct sales to individuals
c) advertising their merchandise to the public
d) exporting their goods to other countries
Q:
Which of the following categories did the World Bank Doing Business 2011 report rank India near the bottom for?
a) Economic Growth Rate
b) Outsourcing
c) Dealing with Construction Permits
d) Microfinancing
Q:
The process of ________ has resulted in sustained high levels of growth in the economy and helped make India an important world player.
a) central planning
b) liberalization
c) nationalization
d) privatization
Q:
Indira Gandhis socialist policies resulted in ________.
a) the eradication of poverty
b) greater government efficiency
c) economic stagnation
d) the persecution of stall retailers
Q:
Although the national government has greater powers, the ________ are important components of the government with some independent authority and responsibilities for implementing policies.
a) metropolises
b) municipal centers
c) constituencies
d) states
Q:
The economy of India is not intertwined with those of the developed countries, which has allowed it to avoid the financial crises and recessions stemming from the United States and Europe.
Q:
Portable ultrasound machines have made the illegal process of sex selection possible.
Q:
In India, it is legal for a medical professional to reveal the sex of fetuses to their parents.
Q:
The sex ratio imbalance in India is no longer a problem.
Q:
The explanation for the uneven sex ratio in India is the preference for girls that resulted in sex selection through the abortion of male fetuses.
Q:
The low quality of private schools led to higher-income families sending their children to public schools.
Q:
In China a huge number of people had moved from rural areas to cities and industrial areas, but a similar mass movement has not yet occurred in India.
Q:
Part of the difficulty in exposing corruption in India was the law which did not impose penalties on the citizen making the payment.
Q:
To counter large scale acquisitions in the pharmaceutical industry, the government decided to have all pharmaceutical acquisitions reviewed by the Competition Commission, the antitrust regulator.
Q:
The size and growth of the Indian pharmaceutical market and the new patent protection provided under TRIPS attracted foreign pharmaceutical companies.
Q:
Indian patent law allowed patents on both the products and the methods of production.
Q:
Some businesses have emerged and prospered because of the inefficiency of the Indian economy.
Q:
In emerging market economies with underdeveloped capital and uncertain government policies, business groups can provide efficiencies similar to those that can be achieved through contracting in developed economies.
Q:
Many emerging markets countries have domestic business groups which are family controlled.
Q:
The food market in India was complex because of ethnic differences and religious traditions across the country.
Q:
To keep the benefits from the subsidization in India, the Ministry of New and Renewable Energy issued rules that banned the importation of solar panels.
Q:
Rapid economic growth produced a large and growing middle class in India.
Q:
Excessive regulations that hampered the economy are thought to have prevented the growth of the black economy.
Q:
The principal market opportunities in India stemmed from international demand.
Q:
Unrestricted FDI was allowed in most industries but was restricted to minority ownership in several industries, including insurance, print media, and air transportation.
Q:
Nehru and the Congress Party embarked on a socialist path and implemented a socialist economic policy for several decades, under which the country emphasized the development of consumer goods at the expense of heavy industry.
Q:
Indira Gandhis socialist policies were a success and lead to a significant reduction in the countrys levels of poverty.
Q:
Money bills are the responsibility of the House of States.
Q:
In India, the governor of a state corresponds to the position of president of the country.
Q:
India is a union of states with a parliamentary system of government and a federal structure.
Q:
Discuss management in the nonmarket environment.
Q:
Describe the three-component approach to managing policy risk that was proposed by Henisz and Zellner.
Q:
What are the seven factors that explain the resilience of emerging market economies (EMEs) during the recent global financial and economic crisis?
Q:
Discuss the sources and types of risks in emerging market countries.
Q:
What are the two basic types of opportunities in emerging markets?
Q:
Which of the following is the last step of the three-component approach to managing policy risk?
a) have a structure analogous to that of the intelligence community that can provide information and assessments.
b) understand the preferences of the actors in the market and nonmarket environments
c) provide a framework for identifying preferences and collecting information
d) influence the risk through collective action and coalitions
Q:
Which of the following is the first step of the three-component approach to managing policy risk?
a) have a structure analogous to that of the intelligence community that can provide information and assessments.
b) understand the preferences of the actors in the market and nonmarket environments
c) provide a framework for identifying preferences and collecting information
d) influence the risk through collective action and coalitions
Q:
Which of the following is true of management in the nonmarket environment?
a) Obtaining information about the agenda of regulators and administrators can be crucial to developing a successful strategy.
b) It requires a divided strategy with a strong market component to share opportunities and deal with risks.
c) Obtaining access to government officeholders in emerging markets is less important because government is not bound by due process requirements.
d) The weaker the rent chain in an emerging markets country; the more effective a nonmarket strategy is likely to be.
Q:
Which of the following frameworks for management and strategy formulation in the nonmarket environment is NOT applicable to an authoritarian government?
a) identifying issues
b) identifying interests
c) identifying electoral strategies
d) identifying institutions
Q:
Most emerging markets countries are not well integrated into global markets, and this can increase the cost of capital yet provide a measure of insulation from risks in global markets. Which of the following types of risks is applicable here?
a) regulatory risk
b) financial restrictions
c) political corruption
d) market risk hedging
Q:
Which of the following is true of risks in emerging markets?
a) Domestic risks arise from a broader range of factors than do foreign risks.
b) Risks in emerging markets can differ in magnitude and nature from those of developed countries.
c) Risks are smaller in magnitude in emerging markets.
d) Risks are independent of the country of origin for foreign direct investment and trade.
Q:
The fair trade movement began in ________.
a) Australia
b) the United Kingdom
c) the United States
d) the Netherlands
Q:
The fair trade system attempts to intervene directly on both the ________ and the ________ sides of the market by coordinating the flow of consumer revenue to participating producers.
a) production, distribution
b) branded, non-branded
c) demand, supply
d) regulated, unregulated
Q:
The fair trade movement was begun to improve the lives of poor farmers and workers trapped by ________ conditions.
a) political
b) social
c) nonmarket
d) market
Q:
The ________ can be understood as an approach to improving the well-being of poor farmers in developing countries by circumventing markets and coordinating market behavior.
a) fair trade movement
b) Clayton Act
c) Freedom House
d) Ethics in Government Act of 1978
Q:
Which of the following is true of microfinance?
a) It is a not-for-profit concept.
b) The effects of lending are lower for higher-income borrowers.
c) It is subject to nonmarket risks.
d) Those borrowing for non-business purposes decreased household consumption.
Q:
Grameen Bank loaned to groups or circles of women, who were responsible for allocating the borrowings among themselves and for ensuring that the borrowings were repaid. This is an example of ________.
a) market risk hedging
b) microfinance
c) micropatronage
d) fair trade movement
Q:
Which of the following is true of business groups in emerging market countries and
a) political relationships can become a liability during regime changes
b) relying on political relationships reduce risks
c) firms with strong political relationships rely more on global financial markets
d) firms with strong political relationships have higher transparency
Q:
At the level of an individual firm, successful participation in a domestic market requires ________.
a) inadequate capital markets for financial needs
b) specific knowledge of that market so as to apply the firms expertise
c) lower investment rates
d) drawing conclusions from the various measures and assessments for countries.
Q:
________ is an example of an opportunity to use an emerging market country to export goods to better developed countries and markets?
a) The extractive industries
b) Wholesale and retail sales
c) Domestic transportation and telecommunication
d) Domestic consumption economy
Q:
TMX, a manufacturing company based in the U.S. decides to expand to emerging market countries in Africa. The company uses individualized incentives to motivate employees in its new branches but find that such incentive programs are not working. Which of the following is the most likely explanation for its failure?
a) The transparency of regulation and the nonservicing of payments is high in emerging markets
b) The demand side of corruption is high.
c) The collectivist culture of the country is hostile to such incentive programs.
d) The performance of employees in emerging markets is independent of the incentives provided.
Q:
Which of the following is a part of BRIC countries?
a) Belgium
b) India
c) Canada
d) Rwanda
Q:
Which of the following provides an assessment of political risk based on criteria including stability, democratic accountability, and economic risk?
a) Country Watch
b) Deutsche Bank Research
c) IMD Switzerland
d) Transparency International
Q:
________ distorts economic activity and can substantially reduce GDP.
a) Personal autonomy
b) Competitiveness
c) Economic freedom
d) Corruption
Q:
The World Bank provides an evaluation of the Ease of Doing Business in a country, which reflects the ________.
a) relationship between economic prosperity and economic freedoms
b) bureaucratic, regulatory, and administrative barriers a company can face
c) demand size of corruption in a country
d) freedom for countries around the world
Q:
The Index of Economic Freedom is annually published by ________.
a) Freedom House
b) the World Bank
c) the Heritage Foundation and the Wall Street Journal
d) Transparency International
Q:
Freedom House publishes an evaluation of ________.
a) personal autonomy and individual rights
b) trade freedom
c) government size
d) corruption index
Q:
An assessment of the nonmarket environment of an emerging market economy will include ________.
a) demand and supply relations in the market
b) competitiveness of incumbent companies
c) assessment of the labor market
d) understanding the impact of corruption
Q:
Which of the following is an emerging market country?
a) Australia
b) Canada
c) China
d) United States of America
Q:
Which of the following is true of emerging markets?
a) Changes occur rapidly in emerging markets countries and risk often accompanies opportunity.
b) Making generalizations helps business in emerging market countries because they share similar problems.
c) The principles of nonmarket strategy in democracies can be simply transported to emerging markets that are not democratic.
d) Foreign direct investment has flowed to relatively unstable and high-risk countries.