Which of the following are functions of Management Information System (MIS)?

A. To support tactical and operational decision making
B. To process data into meaningful information
C. To predict future data trends
D. To develop artificial intelligence algorithm

Choose the correct answer from the options given below:

Read the following paragraph and answer the questions :

One of numerous executive orders of the President aims to achieve global price parity for prescription drugs sold in the Country X. This move offers hope to many citizen's burdened by high healthcare costs. Enforcing this rule in practice, however, might be challenging because it might entail into import-export rules that don't align with existing legislation of Country X. Similar to President's previous attempts to lower drug prices during his first term, this move could also encounter legal challenges. However, the government can take some action against large pharmaceutical companies, commonly referred to as 'Big Pharma', by encouraging less expensive generic drugs and putting an end to unfair practices that delays their release. Perhaps, the Country X pharmaceutical companies have not yet responded negatively to it possibly because the new order has little effect on their profits.

The majority of Indian pharmaceutical exports to Country X fall into the low profit generic drugs market, which is less vulnerable to President's regulations of Country X. Indian businesses might not receive preferential treatment for their branded medicines as the Country X might prefer to purchase them from developed countries like Germany, UK or France. Additionally, as evidenced by trade negotiation with China, the Country X views pharmaceuticals as a sensitive area and might continue imposing special import duties on them. Generic medications from India are currently free from import duties in the Country X. However it might now insist on the same tariff-free treatment for its own Pharmaceutical exports to India. Meanwhile, India has established a solid international reputation as a supplier of affordable medications. It can bargain for better trade conditions by using this image.

Which of the following statement is correct as per the paragraph ?

Put in sequence the four steps to convert the raw real-world data into minable data sets:

(A) Data Cleaning
(B) Data Reduction
(C) Data Transformation
(D) Data Consolidation

Choose the correct answer from the options given below:

Arrange the following types of intelligence which a computer can simulate in the ascending order:

a. Visual-spatial
b. Logical mathematical
c. Linguistic
d. Interpersonal
e. Bodily kinesthetic

Choose the correct answer from the options given below:

Which of the following is/are correct about free Trade?

A. Free Trade attracts foreign capital.
B. Free Trade removes chances of monopolistic tendencies.
C. Free Trade provides maximum protection to the interest of consumers.
D. Free Trade leads to unfair distribution of wealth.

Choose the correct answer from the options given below:

Which of the following institutions is known as the 'soft loan window' of the World Bank?

Which of the following are the main objectives of establishment of International Monetary Fund (IMF)?

A. To provide long-term funds at concession rates to the poorest member countries.
B. To promote the development of Private enterprises in member countries.
C. To regulate the exchange rates and enforce the rules.
D. To promote exchange stability, maintaining orderly exchange arrangements and avoiding competitive exchange devaluation.
E. To assist in establishment of a multilateral system of payments in respect of current transaction between members.

Choose the correct answer from the options given below:

The main processing functions of information system are given below. Arrange them in sequencing order:

I. Process transaction
II. Maintain master file
III. Process enquiry
IV. Process report
V. Process interactive supper applications

Choose the correct answer from the options given below:

Read the following paragraph and answer the questions :

One of numerous executive orders of the President aims to achieve global price parity for prescription drugs sold in the Country X. This move offers hope to many citizen's burdened by high healthcare costs. Enforcing this rule in practice, however, might be challenging because it might entail into import-export rules that don't align with existing legislation of Country X. Similar to President's previous attempts to lower drug prices during his first term, this move could also encounter legal challenges. However, the government can take some action against large pharmaceutical companies, commonly referred to as 'Big Pharma', by encouraging less expensive generic drugs and putting an end to unfair practices that delays their release. Perhaps, the Country X pharmaceutical companies have not yet responded negatively to it possibly because the new order has little effect on their profits.

The majority of Indian pharmaceutical exports to Country X fall into the low profit generic drugs market, which is less vulnerable to President's regulations of Country X. Indian businesses might not receive preferential treatment for their branded medicines as the Country X might prefer to purchase them from developed countries like Germany, UK or France. Additionally, as evidenced by trade negotiation with China, the Country X views pharmaceuticals as a sensitive area and might continue imposing special import duties on them. Generic medications from India are currently free from import duties in the Country X. However it might now insist on the same tariff-free treatment for its own Pharmaceutical exports to India. Meanwhile, India has established a solid international reputation as a supplier of affordable medications. It can bargain for better trade conditions by using this image.

What is the central irony in President's push for drug price in the Country X ?

Arrange the steps involved in building data warehouse:

A. Data extraction from source system
B. Data transformation and cleaning
C. Data storage in the warehouse
D. Data presentation and reporting

Choose the correct answer from the options given below:

Arrange the following stages/elements of technology management in proper sequence starting from first to last:

A. Technology Adaptation
B. Technology Abandonment
C. Technology Advancement
D. Technology Acquisition
E. Technology Awareness

Choose the correct answer from the options given below:

Arrange the steps in their correct order for making use of artificial intelligence (AI) for predictive analysis:

A. Develop an AI model with predictive capabilities
B. Collect and organize big data
C. Integrate the AI system with the company's software
D. Evaluate the performance of the model

Choose the correct answer from the options given below:

Data warehousing has various characteristics including:

I. Focuses on modelling and analysis of data relating to a specific area
II. Data warehouse is an integration of data from various systems like CRM system, SCM system, etc.
III. The time variant for a data warehouse has a historical perspective for example, past 10-20 years
IV. It is stored permanently i.e., data once stored cannot be updated
V. It is stored temporarily i.e., data once stored can be updated

Choose the most appropriate answer from the options given below:

Which of the following forms of purchasing power parity states that changes in spot rates over a period of time reflect the changes in price levels over the same period in the currencies of the concerned economies?

Which of the following institutions is responsible for the execution of India's import-export policies?

A specific category of information system serving middle managers by providing reports on the organization’s current performance is called

Given below are two statements. One is labelled as Assertion ‘A’ and the other is labelled as Reason ‘R’.

Assertion ‘A’: The objective functions in business organizations are complex requiring the processing of large volume of data.

Reason ‘R’: AI based non-linear models can solve the problems of arriving at a dynamic solution to business problems.

In the light of the above statements, choose the most appropriate answer from the options given
below.

Arrange the following Trade Negotiation Rounds of World Trade Organisation in the order of their occurrence from oldest to latest:

A. Bali Conference
B. Geneva Conference
C. Hong Kong Conference
D. Cancun Conference
E. Doha Conference

Choose the correct answer from the options given below:

Arrange the following in descending order of importance

a. Free trade Area
b. Customs union
c. Economic Cooperation
d. Economic union
e. Common markets

Choose the correct answer from the options given below:

Which of the following is not a substantive documents used in foreign trade?

India's Trade Policy, 2015-20 stipulates to raise India's share in world exports to—

Conditions under which companies may find more advantages to locate production in foreign countries than export to them are:

(A) When production abroad is costlier than at home?
(B) When transportation costs are too high for moving goods or services internationally?
(C) When companies lack domestic capacity?
(D) When government inhibit the import of foreign products?
(E) When products and services need not be altered substantially to gain sufficient consumer demand abroad?

Choose the correct answer from the options given below:

Which one of the following countries is NOT a member of the Shanghai Cooperation Organization (SCO)?

Who has firstly used the word 'Terms of Trade'?

Which of the following helps in Business decision making in an ill-structured decision situation, often using a complex spreadsheet by creating “what if” models for the manager?

Read the given passage and answer the questions that follow:

An enterprise resource planning is at the center of the institution. In spite of a definite need to integrate functionality in areas like accounting, sales and order management, customer relationship management and SCM, the investments made by companies is not enough. Enterprises need to transform business processes to respond to fast-changing customer demands and survive the intense global competition.

Enterprises globally have been seeking information systems with the capacity to automate, communicate and integrate information by collecting data in a highly standardized form. The selection of the ERP package is a daunting task requiring a variety of infrastructural and managerial considerations. Both present and future business process scenarios need to be considered along with flexibility and cost. One dilemma before the decision makers is the possible intervention of non-proprietary technology standards. ERP implementation is a strategic activity requiring a comprehensive analysis of pre and post implementation scenarios and intensive training of people, especially the front-end users. While some managers need to be involved in the design and implementation process, others have to learn the functionalities. The integration process passes through tough phases of accounting for differences in segments, departments and business processes, though with a unified managerial intent. A prototype of the required integration of business process needs to be developed after discussion with the people at different levels. The quality of ERP carries a long-term impact on the process of the organization and it is not easy to switch to another product with concomitant scale of investment and complexities. Fundamentally, everybody in the organization should understand how ERP will be used to bridge between "How it is" and "How it needs to be".

The most important step of ERP implementation is the _______ phase:

Which one of the following is NOT a part of the current account of a country's balance of payments?

The current Foreign Trade Policy (FTP) announced by Government of India covers the policy period
Note: This question appeared in the June 2020 paper

Which of the following are concerns and challenges of industrial revolution 4.0?

a. Invasion of privacy
b. Reduced capital expenditure on infrastructure
c. Low cost and affordable service
d. Blurring differences between the men and machines
e. Environmental concerns

Choose the most appropriate answer from the options given below:

Which components of an MIS involve gathering and storing data?

Arrange the following developments in International monetary system in the order of sequence starting from oldest to newest:

A. Gold standard
B. Smithsonian arrangement
C. Specie commodity standard
D. Floating Rate Regime
E. Fixed Party System

Choose the correct answer from the options given below:

Which of the following are the distinctive features of "Big data" being used in Analytical CRM?

Which one of the following is NOT a non-tariff barrier?

Which one of the following International Trade theories, the ‘Leontief paradox’ pertains to

Which one of the following is a type of Foreign Direct Investment?

Data scrubbing is:

Identify the correct statement(s) about Data Warehousing (DW):

a. DW system must be acceptable to regulators and business community.
b. DW system must not be based on open-source platforms.
c. DW system must present information attractive to users.
d. DW system must be secure bastion that protects the information.
e. DW system must be adaptive to change.

Choose the most appropriate answer from the options given below:

Match List - I with List - II :

List - I [Data tool]
A. OLAP
B. Hadoop
C. Data mart
D. Data mining

List - II [Applications]
I. Breaks a big data problem down into sub-problems, distributes them among upto thousands of inexpensive computer processing nodes, and that combines result into smaller datasets
II. Finds hidden pattern in large data bases and inferring rules from them to predict future behaviour
III. A summarized or highly focused portion of organization's database is placed for a seperate database for a specific population of users
IV. Supports multidimensional data and enables users to view the same data in different ways using multiple dimensions

Choose the correct answer from the options given below :

The decision making process in MIS can be classified into which levels?

Which of the following information systems at the management level of an organisation serves the functions of planning, controlling and decision making by providing routine summary and exception reports?

Identify the incorrect statement(s) from the following:

a. Technology is a differentiator among similar business enterprises.
b. Technology cannot create value for 'not-for-profit' organizations.
c. Pace of technology affects the business model of modern enterprises.
d. Needs and Goals be defined before acquisition of technology.
e. Organizations often pay little attention to the process of change once a decision to acquire technology has been taken.

Choose the most appropriate answer from the options given below:

What are the factors to be considered before entering international market?

A. Economic factor
B. Brand extension factor
C. Social and cultural factor
D. Brand loyalty factor
E. Political and legal factor

Choose the correct answer from the options given below:

Theory of Comparative Advantage given by David Ricardo in 1817 is

Dimension reduction methods have the goal of using the correlation structure among the predictor variables to accomplish which of the following:

a. To reduce the number of predictor components
b. To help ensure that these components are dependent
c. To provide a framework for interpretability of the results
d. To help ensure that these components are independent
e. To increase the number of predictor components

Choose the correct answer from the options given below:

Read the given passage and answer the questions that follow:

An enterprise resource planning is at the center of the institution. In spite of a definite need to integrate functionality in areas like accounting, sales and order management, customer relationship management and SCM, the investments made by companies is not enough. Enterprises need to transform business processes to respond to fast-changing customer demands and survive the intense global competition.

Enterprises globally have been seeking information systems with the capacity to automate, communicate and integrate information by collecting data in a highly standardized form. The selection of the ERP package is a daunting task requiring a variety of infrastructural and managerial considerations. Both present and future business process scenarios need to be considered along with flexibility and cost. One dilemma before the decision makers is the possible intervention of non-proprietary technology standards. ERP implementation is a strategic activity requiring a comprehensive analysis of pre and post implementation scenarios and intensive training of people, especially the front-end users. While some managers need to be involved in the design and implementation process, others have to learn the functionalities. The integration process passes through tough phases of accounting for differences in segments, departments and business processes, though with a unified managerial intent. A prototype of the required integration of business process needs to be developed after discussion with the people at different levels. The quality of ERP carries a long-term impact on the process of the organization and it is not easy to switch to another product with concomitant scale of investment and complexities. Fundamentally, everybody in the organization should understand how ERP will be used to bridge between "How it is" and "How it needs to be".

In ERP implementation, which is not a constraint in the process of integration of different business entities?

Business intelligence is to improve the timeliness and quality of the input for decision-making. It helps the managers to understand which of the following:

I. Internal capabilities of the organization
II. Trends and future directions in the markets
III. External environment such as economic, political, social and demographic environment
IV. Behaviour of the competitors
V. External capabilities of the organization

Choose the most appropriate answer from the options given below:

Read the given passage and answer the questions that follow:

An enterprise resource planning is at the center of the institution. In spite of a definite need to integrate functionality in areas like accounting, sales and order management, customer relationship management and SCM, the investments made by companies is not enough. Enterprises need to transform business processes to respond to fast-changing customer demands and survive the intense global competition.

Enterprises globally have been seeking information systems with the capacity to automate, communicate and integrate information by collecting data in a highly standardized form. The selection of the ERP package is a daunting task requiring a variety of infrastructural and managerial considerations. Both present and future business process scenarios need to be considered along with flexibility and cost. One dilemma before the decision makers is the possible intervention of non-proprietary technology standards. ERP implementation is a strategic activity requiring a comprehensive analysis of pre and post implementation scenarios and intensive training of people, especially the front-end users. While some managers need to be involved in the design and implementation process, others have to learn the functionalities. The integration process passes through tough phases of accounting for differences in segments, departments and business processes, though with a unified managerial intent. A prototype of the required integration of business process needs to be developed after discussion with the people at different levels. The quality of ERP carries a long-term impact on the process of the organization and it is not easy to switch to another product with concomitant scale of investment and complexities. Fundamentally, everybody in the organization should understand how ERP will be used to bridge between "How it is" and "How it needs to be".

For success of ERP, the issues to be considered do not include:

Which of the following invalidates informal persuasions to boycott China imported goods?

Which one of the following is not the disadvantage of international licensing?

UNCTAD compiled ‘Transnationality Index’ consists of which of the following three ratios?

Read the passage carefully and answer the Question that follows:

AI's impact on the workforce is multifaceted. It involves the automation of repetitive and routine tasks, changing skill requirement and job displacement. This can be beneficial for employees as it frees them up to focus on more complex and creative work, but it can also create concerns about the job displaceemnt and changes in the demand for certain types of jobs. However, AI is also creating new job opportunities, especially in data analytics machine learning and AI development

Despite these potential benefits, there are also concerns about the drawbacks of implementing AI on a larger scale in the workforce. One potential concern is job displacement, which can lead to unemployment and the need for reskilling and upskilling. Another concern is the potential for bias and discrimination in algorithms, which can have negative consequences for marginalized individuals and communities.

Privacy and security are also major concerns regarding the impact of AI on the workforce. As AI becomes more advances, it is important to ensure that personal data is protected, and AI system are secure against cyberattacks. Nonetheless, AI can also enhance efficiency and productivity, and its advancements may lead to new job opportunities for workers with the right skills and knowledge.

Which satement summarises a potential outcome of advancement in workforce according to the passage?

Which of the following narratives explain the Leontief paradox in international business?

The computer system most likely to be used by a large bank for the savings account of a customer would be:

To support Indian Artificial Intelligence (AI) Startups, which technological infrastructure is expected to be developed by Government of India?

According to eclectic theory of foreign direct investment, foreign direct investment will occur on which of the following conditions when they are to be uniquely combined ?

A. Ownership
B. Location
C. Market power
D. Internationalization
E. Vertical integration

Choose the most appropriate answer from the options given below :

Which one of the following is not an advantage of staffing international operations of an MNC using Parent Country Nationals (PCN)?

Which one of the following involves selling at a loss to gain access to a market and perhaps to drive competition?

Read the passage carefully and answer the Question that follows:

AI's impact on the workforce is multifaceted. It involves the automation of repetitive and routine tasks, changing skill requirement and job displacement. This can be beneficial for employees as it frees them up to focus on more complex and creative work, but it can also create concerns about the job displaceemnt and changes in the demand for certain types of jobs. However, AI is also creating new job opportunities, especially in data analytics machine learning and AI development

Despite these potential benefits, there are also concerns about the drawbacks of implementing AI on a larger scale in the workforce. One potential concern is job displacement, which can lead to unemployment and the need for reskilling and upskilling. Another concern is the potential for bias and discrimination in algorithms, which can have negative consequences for marginalized individuals and communities.

Privacy and security are also major concerns regarding the impact of AI on the workforce. As AI becomes more advances, it is important to ensure that personal data is protected, and AI system are secure against cyberattacks. Nonetheless, AI can also enhance efficiency and productivity, and its advancements may lead to new job opportunities for workers with the right skills and knowledge.

According to the passage, what must be ensured as AI becomes more advanced in the workforce?

Identify the techniques of artificial Intelligence from the following:

a. Artificial Neural Network
b. Heuristics
c. Fuzzy models
d. Support vector
e. Genetic algorithms

Choose the most appropriate answer from the options given below:

Read the following paragraph and answer the questions :

One of numerous executive orders of the President aims to achieve global price parity for prescription drugs sold in the Country X. This move offers hope to many citizen's burdened by high healthcare costs. Enforcing this rule in practice, however, might be challenging because it might entail into import-export rules that don't align with existing legislation of Country X. Similar to President's previous attempts to lower drug prices during his first term, this move could also encounter legal challenges. However, the government can take some action against large pharmaceutical companies, commonly referred to as 'Big Pharma', by encouraging less expensive generic drugs and putting an end to unfair practices that delays their release. Perhaps, the Country X pharmaceutical companies have not yet responded negatively to it possibly because the new order has little effect on their profits.

The majority of Indian pharmaceutical exports to Country X fall into the low profit generic drugs market, which is less vulnerable to President's regulations of Country X. Indian businesses might not receive preferential treatment for their branded medicines as the Country X might prefer to purchase them from developed countries like Germany, UK or France. Additionally, as evidenced by trade negotiation with China, the Country X views pharmaceuticals as a sensitive area and might continue imposing special import duties on them. Generic medications from India are currently free from import duties in the Country X. However it might now insist on the same tariff-free treatment for its own Pharmaceutical exports to India. Meanwhile, India has established a solid international reputation as a supplier of affordable medications. It can bargain for better trade conditions by using this image.

Which of the following best sums up the significance of Indian generics for the affordability of healthcare in the Country X ?

A. They are less expensive
B. Country X import duties donot apply to them
C. They are mainly used to treat life-threatening diseases.
D. They contribute to lower overall healthcare costs.
E. They serve as alternatives to branded drugs.

Choose the most appropriate answer from the options given below :

Arrange the following stages of international development in sequential ascending order:

(A) Primarily domestic company with international division
(B) Domestic company
(C) Multinational corporation with global emphasis
(D) Multinational corporation with multidomestic emphasis
(E) Domestic company with export division

Choose the correct answer from the options given below:

Read the following paragraph and answer the five questions that follow:

Digital transformation has been a key theme of the Union Budget 2022 with announcements ranging from infrastructure status to data centers to taking fibre to all panchayats under the Bharatnet program. Introduction of a block chain based sovereign digital currency and setting up of 75 digital banking units, constitution of task force for animation, visual effects, gaming and comics (AVGC), launch of a digital university, digitalization of school education platforms and support for the Production Linked Incentive (PLI) scheme for large scale electronics manufacturing and IT hardware were also part of the overall focus.

Announced in 2015 with the goal of ushering in digitally driven transformation in governance, economy and society, it has already led to the launch of new schemes as well as the expansion of others like Unified Payments Interface (UPI) the digital literacy program (PMGDISHA), e-hospital, Digilocker. Common Service Centers (CSCs) and the number of internet users has also grown to over 83 crores. It needs to ensure world class digital infrastructure including high speed broad-band connectivity and 5-G network, hyperscale data centers to make India a global hub for data centers and cloud. With increased focus on privacy, security and the need for storing data within the country, there are strong demand drivers in place for making investments in data centers attractive.

Whole govt. approach and creation of new public digital platforms in major domains such as education, health, agriculture and logistics need to undergo a paradigm shift. There also needs to be strong focus on standard interoperability and using common technology platforms such as Aadhaar. UPI, Single sign-on to make the development of new applications easier and faster. Creation of a vibrant startup ecosystem in artificial intelligence, machine learning, internet of things holds the key to achieving trillion-dollar digital economy goal.

Further, there is an equally strong need to modernise digital laws in India to support growth of digital economy and address concerns on accountability of online platforms and increasing cyber security to create trust and confidence amongst the users in the online world, which is crucial for digital inclusion and to bring the remaining population into the digital world. A national policy on data governance is the need of hour so that access to data is made easier for research apart from a strong push for skilling and capacity building in digital technologies at all levels in partnership with the industry and academia to make India skill and talent capital of the world.

Which of the following initiatives have already initiated India's digital transformation process in governance, economy and society?

Read the passage carefully and answer the Question that follows:

AI's impact on the workforce is multifaceted. It involves the automation of repetitive and routine tasks, changing skill requirement and job displacement. This can be beneficial for employees as it frees them up to focus on more complex and creative work, but it can also create concerns about the job displaceemnt and changes in the demand for certain types of jobs. However, AI is also creating new job opportunities, especially in data analytics machine learning and AI development

Despite these potential benefits, there are also concerns about the drawbacks of implementing AI on a larger scale in the workforce. One potential concern is job displacement, which can lead to unemployment and the need for reskilling and upskilling. Another concern is the potential for bias and discrimination in algorithms, which can have negative consequences for marginalized individuals and communities.

Privacy and security are also major concerns regarding the impact of AI on the workforce. As AI becomes more advances, it is important to ensure that personal data is protected, and AI system are secure against cyberattacks. Nonetheless, AI can also enhance efficiency and productivity, and its advancements may lead to new job opportunities for workers with the right skills and knowledge.

Which skill is likely to become increasingly important in light of AI's impact on the workforce?

Data Mining is the process of:

In which year did India become the member of the World Trade Organisation (W.T.O.)?

Which of the following events contributed most to the disruption in the Bretton Woods system?

Read the following paragraph and answer the five questions that follow:

Digital transformation has been a key theme of the Union Budget 2022 with announcements ranging from infrastructure status to data centers to taking fibre to all panchayats under the Bharatnet program. Introduction of a block chain based sovereign digital currency and setting up of 75 digital banking units, constitution of task force for animation, visual effects, gaming and comics (AVGC), launch of a digital university, digitalization of school education platforms and support for the Production Linked Incentive (PLI) scheme for large scale electronics manufacturing and IT hardware were also part of the overall focus.

Announced in 2015 with the goal of ushering in digitally driven transformation in governance, economy and society, it has already led to the launch of new schemes as well as the expansion of others like Unified Payments Interface (UPI) the digital literacy program (PMGDISHA), e-hospital, Digilocker. Common Service Centers (CSCs) and the number of internet users has also grown to over 83 crores. It needs to ensure world class digital infrastructure including high speed broad-band connectivity and 5-G network, hyperscale data centers to make India a global hub for data centers and cloud. With increased focus on privacy, security and the need for storing data within the country, there are strong demand drivers in place for making investments in data centers attractive.

Whole govt. approach and creation of new public digital platforms in major domains such as education, health, agriculture and logistics need to undergo a paradigm shift. There also needs to be strong focus on standard interoperability and using common technology platforms such as Aadhaar. UPI, Single sign-on to make the development of new applications easier and faster. Creation of a vibrant startup ecosystem in artificial intelligence, machine learning, internet of things holds the key to achieving trillion-dollar digital economy goal.

Further, there is an equally strong need to modernise digital laws in India to support growth of digital economy and address concerns on accountability of online platforms and increasing cyber security to create trust and confidence amongst the users in the online world, which is crucial for digital inclusion and to bring the remaining population into the digital world. A national policy on data governance is the need of hour so that access to data is made easier for research apart from a strong push for skilling and capacity building in digital technologies at all levels in partnership with the industry and academia to make India skill and talent capital of the world.

According to the passage, which one is the most crucial for the universalization of digital inclusion?

Which of the following institutions prepares and publishes FDI confidence index annually?

Read the following paragraph and answer the questions :

One of numerous executive orders of the President aims to achieve global price parity for prescription drugs sold in the Country X. This move offers hope to many citizen's burdened by high healthcare costs. Enforcing this rule in practice, however, might be challenging because it might entail into import-export rules that don't align with existing legislation of Country X. Similar to President's previous attempts to lower drug prices during his first term, this move could also encounter legal challenges. However, the government can take some action against large pharmaceutical companies, commonly referred to as 'Big Pharma', by encouraging less expensive generic drugs and putting an end to unfair practices that delays their release. Perhaps, the Country X pharmaceutical companies have not yet responded negatively to it possibly because the new order has little effect on their profits.

The majority of Indian pharmaceutical exports to Country X fall into the low profit generic drugs market, which is less vulnerable to President's regulations of Country X. Indian businesses might not receive preferential treatment for their branded medicines as the Country X might prefer to purchase them from developed countries like Germany, UK or France. Additionally, as evidenced by trade negotiation with China, the Country X views pharmaceuticals as a sensitive area and might continue imposing special import duties on them. Generic medications from India are currently free from import duties in the Country X. However it might now insist on the same tariff-free treatment for its own Pharmaceutical exports to India. Meanwhile, India has established a solid international reputation as a supplier of affordable medications. It can bargain for better trade conditions by using this image.

What conclusion can be drawn regarding the present position of the Country X pharmaceutical industry with regard to executive order ?

At the time of exporting goods from India, what documents are to be filed for custom clearance of goods?

a. Shipping bill / Airway bill
b. Invoice (Commercial Invoice)
c. Packing list
d. Marine insurance policy

Choose the correct answer from the options given below:

Out of the following, which are the IMF facilities available to member countries?

(1) Extended Fund Facility (EFF)
(2) Structural Adjustment Lending (SAL)
(3) Compensatory Financing Facility (CFF)
(4) Stand-by Arrangements (SBA)

Choose the correct answer from the options given below:

Which one of the following factors does not influence the flow of FDI under Demand factors?

Which of the following constitutes Foreign Direct Investment?

Read the following paragraph and answer the five questions that follow:

Digital transformation has been a key theme of the Union Budget 2022 with announcements ranging from infrastructure status to data centers to taking fibre to all panchayats under the Bharatnet program. Introduction of a block chain based sovereign digital currency and setting up of 75 digital banking units, constitution of task force for animation, visual effects, gaming and comics (AVGC), launch of a digital university, digitalization of school education platforms and support for the Production Linked Incentive (PLI) scheme for large scale electronics manufacturing and IT hardware were also part of the overall focus.

Announced in 2015 with the goal of ushering in digitally driven transformation in governance, economy and society, it has already led to the launch of new schemes as well as the expansion of others like Unified Payments Interface (UPI) the digital literacy program (PMGDISHA), e-hospital, Digilocker. Common Service Centers (CSCs) and the number of internet users has also grown to over 83 crores. It needs to ensure world class digital infrastructure including high speed broad-band connectivity and 5-G network, hyperscale data centers to make India a global hub for data centers and cloud. With increased focus on privacy, security and the need for storing data within the country, there are strong demand drivers in place for making investments in data centers attractive.

Whole govt. approach and creation of new public digital platforms in major domains such as education, health, agriculture and logistics need to undergo a paradigm shift. There also needs to be strong focus on standard interoperability and using common technology platforms such as Aadhaar. UPI, Single sign-on to make the development of new applications easier and faster. Creation of a vibrant startup ecosystem in artificial intelligence, machine learning, internet of things holds the key to achieving trillion-dollar digital economy goal.

Further, there is an equally strong need to modernise digital laws in India to support growth of digital economy and address concerns on accountability of online platforms and increasing cyber security to create trust and confidence amongst the users in the online world, which is crucial for digital inclusion and to bring the remaining population into the digital world. A national policy on data governance is the need of hour so that access to data is made easier for research apart from a strong push for skilling and capacity building in digital technologies at all levels in partnership with the industry and academia to make India skill and talent capital of the world.

Which of the following could be the most appropriate title of the passage?

Which one of the following is NOT a component of Balance of Payments?

In the context of Data Mining, which one of the following is a method of Data Reduction?

Artificial Intelligence has simulation potential of the following kinds of intelligence:

a. Visual-spatial
b. Intrapersonal
c. Interpersonal
d. Creative
e. Logical-mathematical

Choose the correct answer from the options given below:

Read the following paragraph and answer the questions :

One of numerous executive orders of the President aims to achieve global price parity for prescription drugs sold in the Country X. This move offers hope to many citizen's burdened by high healthcare costs. Enforcing this rule in practice, however, might be challenging because it might entail into import-export rules that don't align with existing legislation of Country X. Similar to President's previous attempts to lower drug prices during his first term, this move could also encounter legal challenges. However, the government can take some action against large pharmaceutical companies, commonly referred to as 'Big Pharma', by encouraging less expensive generic drugs and putting an end to unfair practices that delays their release. Perhaps, the Country X pharmaceutical companies have not yet responded negatively to it possibly because the new order has little effect on their profits.

The majority of Indian pharmaceutical exports to Country X fall into the low profit generic drugs market, which is less vulnerable to President's regulations of Country X. Indian businesses might not receive preferential treatment for their branded medicines as the Country X might prefer to purchase them from developed countries like Germany, UK or France. Additionally, as evidenced by trade negotiation with China, the Country X views pharmaceuticals as a sensitive area and might continue imposing special import duties on them. Generic medications from India are currently free from import duties in the Country X. However it might now insist on the same tariff-free treatment for its own Pharmaceutical exports to India. Meanwhile, India has established a solid international reputation as a supplier of affordable medications. It can bargain for better trade conditions by using this image.

Match List - I with List - II :

List - I [Country]
A. India
B. Germany
C. China
D. Country X

List - II [Role]
I. Where to find branded medications
II. Attempting to regulate the cost of drugs
III. Provider of inexpensive generic medicines
IV. Taking part in pharmaceutical discussions about tariffs

Choose the correct answer from the options given below :

Linux is the most well-known and widely used

In theory, several levels of economic integration are possible. Arrange the following from the least to the most integrated:

(1) Common Market
(2) Free Trade Area
(3) Economic Union
(4) Political Union
(5) Customs Union

Choose the correct answer from the options given below:

Which of the following integrations is related to supranational organizational structure?

Read the following paragraph and answer the five questions that follow:

Digital transformation has been a key theme of the Union Budget 2022 with announcements ranging from infrastructure status to data centers to taking fibre to all panchayats under the Bharatnet program. Introduction of a block chain based sovereign digital currency and setting up of 75 digital banking units, constitution of task force for animation, visual effects, gaming and comics (AVGC), launch of a digital university, digitalization of school education platforms and support for the Production Linked Incentive (PLI) scheme for large scale electronics manufacturing and IT hardware were also part of the overall focus.

Announced in 2015 with the goal of ushering in digitally driven transformation in governance, economy and society, it has already led to the launch of new schemes as well as the expansion of others like Unified Payments Interface (UPI) the digital literacy program (PMGDISHA), e-hospital, Digilocker. Common Service Centers (CSCs) and the number of internet users has also grown to over 83 crores. It needs to ensure world class digital infrastructure including high speed broad-band connectivity and 5-G network, hyperscale data centers to make India a global hub for data centers and cloud. With increased focus on privacy, security and the need for storing data within the country, there are strong demand drivers in place for making investments in data centers attractive.

Whole govt. approach and creation of new public digital platforms in major domains such as education, health, agriculture and logistics need to undergo a paradigm shift. There also needs to be strong focus on standard interoperability and using common technology platforms such as Aadhaar. UPI, Single sign-on to make the development of new applications easier and faster. Creation of a vibrant startup ecosystem in artificial intelligence, machine learning, internet of things holds the key to achieving trillion-dollar digital economy goal.

Further, there is an equally strong need to modernise digital laws in India to support growth of digital economy and address concerns on accountability of online platforms and increasing cyber security to create trust and confidence amongst the users in the online world, which is crucial for digital inclusion and to bring the remaining population into the digital world. A national policy on data governance is the need of hour so that access to data is made easier for research apart from a strong push for skilling and capacity building in digital technologies at all levels in partnership with the industry and academia to make India skill and talent capital of the world.

Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R.

Assertion ‘A’: India needs to modernize its digital Laws to support the rapid growth of the digital economy.
Reasons ‘R’: New digital Laws are needed for digital inclusion and bringing more people to the digital world thus to increase digital users.

In the light of the above statements, choose the correct answer from the options given below:

Balassa Index is often used as a tool to measure the

Read the given passage and answer the questions that follow:

An enterprise resource planning is at the center of the institution. In spite of a definite need to integrate functionality in areas like accounting, sales and order management, customer relationship management and SCM, the investments made by companies is not enough. Enterprises need to transform business processes to respond to fast-changing customer demands and survive the intense global competition.

Enterprises globally have been seeking information systems with the capacity to automate, communicate and integrate information by collecting data in a highly standardized form. The selection of the ERP package is a daunting task requiring a variety of infrastructural and managerial considerations. Both present and future business process scenarios need to be considered along with flexibility and cost. One dilemma before the decision makers is the possible intervention of non-proprietary technology standards. ERP implementation is a strategic activity requiring a comprehensive analysis of pre and post implementation scenarios and intensive training of people, especially the front-end users. While some managers need to be involved in the design and implementation process, others have to learn the functionalities. The integration process passes through tough phases of accounting for differences in segments, departments and business processes, though with a unified managerial intent. A prototype of the required integration of business process needs to be developed after discussion with the people at different levels. The quality of ERP carries a long-term impact on the process of the organization and it is not easy to switch to another product with concomitant scale of investment and complexities. Fundamentally, everybody in the organization should understand how ERP will be used to bridge between "How it is" and "How it needs to be".

Which of the following is a precursor to ERP implementation?

Given below are two statements: One is labelled as Assertion ‘A’ and the other is labelled Reason ‘R’.

Assertion ‘A’: Sustained current account surplus encourages the government to liberalize imports and capital movements.
Reasons ‘R’: The current account and balance of payments positions of a country, can significantly influence its economic policies.

In the light of the above statements, choose the most appropriate answer from the options given below:

A data warehouse is primarily:

Choose the correct sequence that represents the chronology of the International Monetary System:

A. Bretton Woods System
B. Classical Gold Standard
C. Gold Exchange Standard
D. European Union
E. Louvre Accord

Choose the correct answer from the options given below:

After 10 years of deadlock, European Union (EU) is ready to negotiate with India in WTO on which issue related to food security?

Entering a foreign market by developing foreign-based assembly or manufacturing facilities is known as

Read the given passage and answer the questions that follow:

An enterprise resource planning is at the center of the institution. In spite of a definite need to integrate functionality in areas like accounting, sales and order management, customer relationship management and SCM, the investments made by companies is not enough. Enterprises need to transform business processes to respond to fast-changing customer demands and survive the intense global competition.

Enterprises globally have been seeking information systems with the capacity to automate, communicate and integrate information by collecting data in a highly standardized form. The selection of the ERP package is a daunting task requiring a variety of infrastructural and managerial considerations. Both present and future business process scenarios need to be considered along with flexibility and cost. One dilemma before the decision makers is the possible intervention of non-proprietary technology standards. ERP implementation is a strategic activity requiring a comprehensive analysis of pre and post implementation scenarios and intensive training of people, especially the front-end users. While some managers need to be involved in the design and implementation process, others have to learn the functionalities. The integration process passes through tough phases of accounting for differences in segments, departments and business processes, though with a unified managerial intent. A prototype of the required integration of business process needs to be developed after discussion with the people at different levels. The quality of ERP carries a long-term impact on the process of the organization and it is not easy to switch to another product with concomitant scale of investment and complexities. Fundamentally, everybody in the organization should understand how ERP will be used to bridge between "How it is" and "How it needs to be".

Organisation-wide training is required to take full advantage of an ERP implementation. In this context, which of the following statements are true?

i. Learning of the steering team on system performance is a must for ERP implementation
ii. Training of functional managers in process analysis and redesign is required continually
iii. IT department needs to be fully aware of system architecture

In designing an agent in AI, PEAS stands for :

The 'Leontiff Paradox' is in contradiction of which of the following theory ?

Read the passage carefully and answer the Question that follows:

AI's impact on the workforce is multifaceted. It involves the automation of repetitive and routine tasks, changing skill requirement and job displacement. This can be beneficial for employees as it frees them up to focus on more complex and creative work, but it can also create concerns about the job displaceemnt and changes in the demand for certain types of jobs. However, AI is also creating new job opportunities, especially in data analytics machine learning and AI development

Despite these potential benefits, there are also concerns about the drawbacks of implementing AI on a larger scale in the workforce. One potential concern is job displacement, which can lead to unemployment and the need for reskilling and upskilling. Another concern is the potential for bias and discrimination in algorithms, which can have negative consequences for marginalized individuals and communities.

Privacy and security are also major concerns regarding the impact of AI on the workforce. As AI becomes more advances, it is important to ensure that personal data is protected, and AI system are secure against cyberattacks. Nonetheless, AI can also enhance efficiency and productivity, and its advancements may lead to new job opportunities for workers with the right skills and knowledge.

What is one potential benefit of AI in the workforce mentioned in the passage?

Which of the following are examples of Management Information System (MIS)?

A. Transaction Processing System (TPS)
B. Enterprise Resource Planning (ERP)
C. Operating System Kernel (OSK)
D. Decision Support System (DSS)

Choose the correct answer from the options given below:

Given below are two statements – one is labelled as Assertion A and the other is labelled as Reason R. Read the statements and answer the question that follows

Assertion A: Foreign trade policy is an important instrument that incentivize the exporters of the country.
Reason R: It is important for exporters of our country to have knowledge of foreign trade policy.

Which of the following option is correct?

Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R).

Assertion (A):
The failure of the international market to connect firms as collaborators will entice a company to enter with wholly owned operations or wholly owned FDI.

Reason (R):
The company perceives having operating advantages to overcome its liability of foreignness.

In the light of the above statements, choose the most appropriate answer from the options given below:

Read the following paragraph and answer the five questions that follow:

Digital transformation has been a key theme of the Union Budget 2022 with announcements ranging from infrastructure status to data centers to taking fibre to all panchayats under the Bharatnet program. Introduction of a block chain based sovereign digital currency and setting up of 75 digital banking units, constitution of task force for animation, visual effects, gaming and comics (AVGC), launch of a digital university, digitalization of school education platforms and support for the Production Linked Incentive (PLI) scheme for large scale electronics manufacturing and IT hardware were also part of the overall focus.

Announced in 2015 with the goal of ushering in digitally driven transformation in governance, economy and society, it has already led to the launch of new schemes as well as the expansion of others like Unified Payments Interface (UPI) the digital literacy program (PMGDISHA), e-hospital, Digilocker. Common Service Centers (CSCs) and the number of internet users has also grown to over 83 crores. It needs to ensure world class digital infrastructure including high speed broad-band connectivity and 5-G network, hyperscale data centers to make India a global hub for data centers and cloud. With increased focus on privacy, security and the need for storing data within the country, there are strong demand drivers in place for making investments in data centers attractive.

Whole govt. approach and creation of new public digital platforms in major domains such as education, health, agriculture and logistics need to undergo a paradigm shift. There also needs to be strong focus on standard interoperability and using common technology platforms such as Aadhaar. UPI, Single sign-on to make the development of new applications easier and faster. Creation of a vibrant startup ecosystem in artificial intelligence, machine learning, internet of things holds the key to achieving trillion-dollar digital economy goal.

Further, there is an equally strong need to modernise digital laws in India to support growth of digital economy and address concerns on accountability of online platforms and increasing cyber security to create trust and confidence amongst the users in the online world, which is crucial for digital inclusion and to bring the remaining population into the digital world. A national policy on data governance is the need of hour so that access to data is made easier for research apart from a strong push for skilling and capacity building in digital technologies at all levels in partnership with the industry and academia to make India skill and talent capital of the world.

What has been the focus for digital transformation in the India Union Budget. 2022?

I. High speed broadband connectivity
II. Accountability of online platforms
III. Infrastructure status to data centres
IV. Increasing data and intellectual property security
V. Task force for Animation, Visual effects, Gaming and Comics (AVGC)

Choose the correct answer from the options given below:

Which of the following statements are correct about International Trade Theories?

(A) According to mercantilism, countries should import more than they export.
(B) A country that practices neo-mercantilism attempts to run export surplus to achieve a social or political objective.
(C) Theory of absolute advantage reasoned that restricted trade would lead country to specialize in those products that gave it a competitive advantage.
(D) According to the theory of comparative advantage, gains from trade will occur even in a country that has absolute advantage in all products because the country must give up less efficient output to produce more efficient output.

Choose the correct answer from the options given below:

When a firm is not expected to prefer FDI to licensing?

Given below are two statements:

Statement (I):
Economic exposure refers to the change in the value of a firm caused by unexpected changes in the exchange rate.

Statement (II):
Transaction exposure refers to long-term cash flow exposure.

In the light of the above statements, choose the most appropriate answer from the options given below:

G20 Summit (2023) Proposed which Economic corridor including shipping and rail lines?

An information system that captures and records fundamental business events is a (n)

FDI in multi- brand retailing in India isa

Read the passage carefully and answer the Question that follows:

AI's impact on the workforce is multifaceted. It involves the automation of repetitive and routine tasks, changing skill requirement and job displacement. This can be beneficial for employees as it frees them up to focus on more complex and creative work, but it can also create concerns about the job displaceemnt and changes in the demand for certain types of jobs. However, AI is also creating new job opportunities, especially in data analytics machine learning and AI development

Despite these potential benefits, there are also concerns about the drawbacks of implementing AI on a larger scale in the workforce. One potential concern is job displacement, which can lead to unemployment and the need for reskilling and upskilling. Another concern is the potential for bias and discrimination in algorithms, which can have negative consequences for marginalized individuals and communities.

Privacy and security are also major concerns regarding the impact of AI on the workforce. As AI becomes more advances, it is important to ensure that personal data is protected, and AI system are secure against cyberattacks. Nonetheless, AI can also enhance efficiency and productivity, and its advancements may lead to new job opportunities for workers with the right skills and knowledge.

Which potential drawback of AI in the workforce is associated with algortihmic decision-making?

Which of the following Industry 4.0 technologies shall detect temperature, humidity and vibration changes, enabling avoidance of system malfunction and human protection in Oil and Gas Industry?

Theory of international trade promotes

(1) Increase in demand for exportable products
(2) Rise in prices and volumes
(3) Improvement in quality of products
(4) Reduction in prices and increase in quality for consumers

Choose the correct answer from the options given below:

Arrange the steps involved in the case-based reasoning

A. System finds closest fit and retrieves solution
B. System asks user additional questions to narrow search
C. System modifies the solution to better fit the problem and got successful
D. System searches data base for similar cases
E. User describes the problem

Choose the correct answer from the options given below :

Which one of the following is not the assumption of Theory of Absolute and Comparative advantage?

Which among the following are true about World Trade Organisation (WTO)?

A. The WTO is a simple extension of General Agreement of Tariffs and Trade (GATT)
B. The WTO is a permanent institution with its own secretariat
C. The agreements which constitute the WTO are almost all plurilateral and thus involve commitments for the entire members
D. The WTO includes Trade in Services and trade-related aspects of intellectual property rights
E. The WTO dispute settlement system is faster, more automatic and thus much less susceptible to blockages, than old GATT system

Choose the correct answer from the options given below:

John Dunning argued that FDI is attracted because of the unique advantage of

Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: The main reason for companies to move to global markets is to take advantages of the economies of scope.
Reason R: Economies of production arise due to the Competitiveness Index of the country in which the companies produce.

In light of the above statements, choose the correct answer from the options given below: