c_2016

Question Exam 2_2016  Question 1  Among GCC economies, which of the following has the the lowest per capita oil and gas production?Bahrain

Oman

Saudi Arabia

Kuwait

Question 2  Among the following countries, which one has the lowest female labor participation rate?

UAE

Bahrain

Kuwait

Saudi Arabia

Question 3  Among the following economies, which one is not an OECD member?

Romania

Slovakia

Poland

Hungary

Question 4  Commercial shariah is similar to Western business laws in most aspects.

True

False

Question 5  During 2000-2007, absolute poverty in Russia fell by more than 50%.

True

False

Question 6  GCC economies’ development can be attributted to the genuinely entrepreneurial class in these economies.

True

False

Question 7  How many economies in the GCC region have a “full-fledged” democracy?

2

3

0

1

Question 8  In 1997, black market accounted for higher share of retail activity in Tajikistan than in Ukraine.

True

False

Question 9  In GCC economies, bureaucrats are not involved in busineses.

True

False

Question 10  In Russia, there is an abundance of management and business skills.

True

False

Question 11  In Russia, unreported income accounted for 15% of wages paid in the late-1990s.

True

False

Question 12  Political entrepreneurship is compatible with the idea of capitalism .

True

False

Question 13  During the mid-2002-mid-2005, Dubai’s stock market grew faster than Qatar’s.

True

False

Question 14  In the first half of 1997, black market accounted for what proportion of retailactivity In Tajikistan?

95

60

75

50

Question 15  In the late 1990s, oil and gas accounted for ____ of government revenue in the GCC economies.

60%

80%

64%

70%

Question 16  Institutional rules in PS economies are more ambiguous than in devloped economies.

True

False

Question 17  Institutional rules in PS economies are more conflicting with one another than in devloped economies.

True

False

Question 18  Institutional rules in PS economies are more incomplete than in devloped economies.

True

False

Question 19  Islamic governments in GCC economies have restricted assistance to religious related charities.

True

False

Question 20  It can be argued that institutions in PS economies may do better in  promoting entrepreneurship in unproductive forms than those in matured  market economies.

True

False

Question 21  Most GCC economies have undertaken substantive institutional reforms.

True

False

Question 22  Most GCC states are facing pressures to liberalize their economies from OECD countries.

True

False

Question 23  Most citizens in GCC economies see a big gap between Islam and democy.

True

False

Question 24  Officials of which of the following countries described the “massive  aid” that the country would receive as the main benefit of joining the  WTO?

Iran

Jordan

UAE

Syria

Question 25  PS economies’ experience indicates that western institutions can be easily transplanted in these economies.

True

False

Question 26  Political entrepreneurship doesn’t exist in mature market economies.

True

False

Question 27  Political entrepreneurship is productive most of the times.

True

False

Question 28  SMEs account for 25% of GDP in Russia.

True

False

Question 29  Secret service agents of which of the following countries engaged in organized crimes after the late 1980s?

Bulgaria

Romania

Ukraine

Russia

Question 30  The “shadow economy” as a proportion of GDP is higher in Lithuania than in Russia.

True

False

Question 31  The combined GDP of the GCC region is about US$___________ .

300 billion

750 billion

450 billion

1 trillion

Question 32  Among the following OECD economies, starting a business takes the shortest amount of time in ___________________.

Canada

Australia

the U.S.

Mexico

Question 33  According to the Gulf Investment House, the private wealth of the GCC region was US$ _______ in 2007.

300 billion

750 billion

1.5 trillion

1 trillion

Question 34  Chile is the least corrupt country in the world.

True

False

Question 35  According to the Transparency International’s 2011 Corruption Perceptions Index, the U.S. had a higher level of corruption than Chile.

True

False

Question 36  Chile is the freest economy in the world.

True

False

Question 37  ________ of new firms that were started in Hungary in 2007 died within three years.

More than 60%

Less than a quarter

More than half

Less than a fifth

Question 38  According to the Chile 2008 GEM Report, more than half of the entrepreneurs in Chile were necessity-based.

True

False

Question 39  Most of the high-impact entrepreneurs in Poland think that university  level educational systems in their country do a good job in teaching  entrepreneurial skills.

True

False

Question 40  In 2006, foreign nationals living in the U.S. were inventors or co-inventors in ______ of patent applications filed in the U.S.

More than 60%

Less than a fifth

More than a quarter

Less than a quarter

IncorrectQuestion 41  0 / 2.5 pts  There have been many instances of bid-rigging reported in ___________________.

Canada

Australia

Mexico

the U.S.

Question 42  In 2009, more than half of the municipalities in Mexico had one or more bank branches.

True

False

Question 43  Acción started operating in the U.S. market earlier than Grameen America.

True

False

Question 44  Mexico and Chile are suffering equally from the system based on patronage, cronyism and regionalism.

True

False

Question 45  In Greece, the business sector’s R&D spending is lower than that of the higher education sector.

True

False

Question 46  In 2011, which of the following economies had the highest R&D expenditure as a proportion of GDP?

The U.K.

Israel

Slovakia

Turkey

Question 47  About 8 million adult people do not use formal or semiformal financial services in OECD economies.

True

False

IncorrectQuestion 48  0 / 2.5 pts  Which of the following economies joined the OECD in 2010??

The U.K.

Turkey

Slovakia

Israel

IncorrectQuestion 49  Among the following countries, which one has the least number of procedures required to start a new business?

Ukraine

Czech Republic

Russia

Romania

Question 50  According to the World Bank’s Ease of Doing Business 2013, Singapore was  the global top improver in the entrepreneurial climate from June 2011  to May 2012.

True

False

IncorrectQuestion 51  Of the world’s top ten economies that were recognized for making most  improvement in the ease of doing business, what proportion were from the  FSU&CEE economies?

a quarter

half

three-fourth

two-fifth

Question 52  Russia is described as an example of entrepreneurially successful FSU&CEE economy.

True

False

Question 53  The world’s largest privately-held Internet security company is in Russia.

True

False

IncorrectQuestion 54  0 / 2.5 pts  Among the following economies, which one has the highest costs as a proportion of GDP required to start a new business?

Bulgaria

Hungary

Poland

Romania

IncorrectQuestion 55  Candidate countries’ readiness to join the OECD was assessed by theprogresses made in all of the following except __________.

privatization of strategic economic sectors

combating corruption

high standards of corporate governance

protecting intellectual property rights

Question 56  Russia joined the OECD in 2010.

True

False

Question 57  The principles of “Honest State” program were started in Slevenia.

True

False

Question 58  The U.S. has the world’s highest economic freedom index.

True

False

Question 59  The U.S. has North America’s highest economic freedom index.

True

False

Question 60  In 2011, Mexico had a lower Corruption Perceptions Index than Italy.

True

False

Question 61  Canada has a provision of an automatic stay on assets.

True

False

Question 62  South Korea has a provision of an automatic stay on assets.

True

False

Question 63  South Korea is a global role model for favorable corporate bankruptcy law.

True

False

Question 64  A higher proportion of people in the U.S. view businessmen favorably compared to those in Europe.

True

False

Question 65  According to the Global Entrepreneurship Week Policy Survey of 2012,  majority of entrepreneurs in Hungary thought that people who  successfully start new firms have at least the same level of status as a  manager of a medium-sized company.

True

False

Question 66  According to the 2002 employment census in Mexico, the informal economy  employed more people in the country compared the formal economy.

True

False

Question 67  VC investments as a proportion of GDP in 2009 was the world’s highest in the U.S.

True

False