Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business Socio-cultural factors and their influence on business Government intervention in international trade
Match the items of List - II with List - I to identify the correct code which are related to legal forces affecting international marketers.
| List - I | List - II |
| (a) Tariff | (i) A regulation specifying the proportion of a finished product’s components and labour that must be provided by importing country. |
| (b) Import Quota | (ii) Tax imposed on product entering a country and used to protect domestic producers and/or raise revenue. |
| (c) Local-content Law | (iii) A requirement that a product contain or exclude certain ingredients or that it be tested and certified as meeting certain restrictive standards. |
| (d) Local-operating Law | (iv) Limiting amount of a particular product that can be brought into a country, to protect domestic industry or broadening access to its markets. |
| (e) Standards and Certification | (v) A refusal to buy products from a particular company or country |
| (f) Boycott | (vi) A constraint on how, when or where retailing can be conducted |
1
(a) - (iii), (b) - (iv), (c) - (ii), (d) - (i), (e) - (vi), (f) - (v)
2
(a) - (vi), (b) - (ii), (c) - (i), (d) - (iv), (e) - (iii), (f) - (v)
3
(a) - (ii), (b) - (iv), (c) - (i), (d) - (vi), (e) - (iii), (f) - (v)
4
(a) - (iv), (b) - (vi), (c) - (i), (d) - (ii), (e) - (iii), (f) - (v)