Exchange of Goods and Services

Q. companies are registered in one country but have business operations in different countries.

1. International
2. Multinational
3. National
4. Global

Q. What refers to the contracting out some business activities to a third party, which were earlier performed by the organisation itself?

1. Third-party contract
2. Delegation
3. Outsourcing
4. Contract manufacturing

Q.

What Are the Different Types of Bills of Exchange?

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following is/are true with respect to outsourcing?

1. Companies hire third-parties to perform their tasks.
2. Companies split the internal team into divisions to perform duties.
3. It involves exchange of services.
4. Only the service of customer support can be outsourced to third-parties.

Q. Suman and Suman International Limited, registered in India, is a bank that accepts deposits from people and gives loans all around the world. It operates in 10 countries. To maintain data and systems of the bank, it has hired a Canadian IT company, Technofy Limited.

Analyse and identify which of the following is true with respect to Suman and Suman International Limited.

1. Suman and Suman International Limited is a national company that provides goods to people all around the world. It has outsourced IT services to Technofy Limited.
2. Suman and Suman International Limited is a multinational company that provides services to people all around the world. It has outsourced IT services to Technofy Limited.
3. Suman and Suman International Limited is a national company that provides goods to people all around the world. It has outsourced its IT services to Technofy Limited.
4. Suman and Suman International Limited is a multinational company that provides goods and technology to people all around the world. It has outsourced IT services to Technofy Limited.

Q. What does MNC stand for?

1. Multinational country
2. Multi network company
3. Multi network country
4. Multinational company

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Why do MNCs produce goods globally?

1. To get the advantage of skilled labour from all around the world
2. To reduce cost of production and increase profits
3. To provide financial support to the country’s government
4. To create a vast customer network

Q. Identify which of the following can be considered as international exchange of services.

1. A bank account opened by an Indian citizen in the Bank of England
2. Delivery of Australian cookies to India through Air India Courier Limited
3. Booking of railway tickets through website for travelling from Sikkim to Maharashtra
4. An Indian teaching another Indian student French online

Q. Choose the correct pair of goods and services exchanged in globalization and their examples.

1. Laptop
2. Services
3. Logistics
4. Internet
5. Building
6. Capital
7. Technology
8. Goods