Match the items given in List - I and List - II. Code :List - I List - II (a) Beggar thy Neighbour Trade Policy (i) Having low factor of interdependence (b) Mercantilism Theory (ii) Having an advantage of earning a return on knowledge assets (c) Multi-Domestic Strategy (iii) Alleviating some domestic economic problem by exporting to foreign countries (d) Turnkey Project (iv) Propagates encouragement of exports and discouraging imports
(a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)
Option 3 — (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii) is correct.
Each item in List-I is matched with its defining feature in List-II:
| List - I | List - II |
|---|---|
| (a) Beggar thy Neighbour Trade Policy | (iii) Alleviating some domestic economic problem by exporting to foreign countries |
| (b) Mercantilism Theory | (iv) Propagates encouragement of exports and discouraging imports |
| (c) Multi-Domestic Strategy | (i) Having low factor of interdependence |
| (d) Turnkey Project | (ii) Having an advantage of earning a return on knowledge assets |
A beggar-thy-neighbour policy tries to fix a country's own economic troubles (unemployment, deficits) at the expense of others, typically by boosting exports → (iii). Mercantilism held that national wealth is maximised by promoting exports and restricting imports to accumulate bullion → (iv). A multi-domestic strategy treats each national market independently, so subsidiaries operate with low interdependence → (i). A turnkey project lets a firm earn a return on its technical/knowledge assets by building and handing over a ready-to-run facility → (ii).
Takeaway: Link each international-business concept to its core idea — export-led relief, export promotion, market independence, and monetising know-how respectively.
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Codes:
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Important Questions from International Business
- Which is not one of the three dimensions of IHRM according to Peter J Dowling and Denice E Welch?
- Which among the following pertain to international staffing policy?
A. Geocentric
B. Expatriates
C. Repatriates
D. Employee leasing
E. Career portability
Choose the correct answer from the options given below: - Fill in the blank
"The member countries of WTO have moved to product patent regime under the __________ to meet their obligations under the seven areas covered by the __________ agreement". - Match the List-I and List-ll regarding International business theories with developers:
List I List II (i) Absolute Cost Advantage theory (a) Raymond Xernon (ii) Comparative Cost Advantage theory (b) Adam Smith (iii) Factor Endowment theory (c) David Recardo (iv) Product Life cycle theory (d) Eli Heckscher - What are the member countries of SAARC(South Asian Association for Regional Co-operation)?
