Lesson 3.10.1

3.10.1 Emerging markets and the global environment Quiz: OCR Business, Unit 3

20 questions

Written by Revision Ninja · Last reviewed 11 October 2026

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Lesson 3.10.1, Emerging markets and the global environment: 20 multiple choice questions for the OCR Business (H431), Unit 3: External influences, written with Revision Ninja.

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The 20 questions

  1. What country does the letter B represent in the BRICS group of emerging economies?

    • Belgium
    • Bangladesh
    • Bolivia
    • Brazil

  2. Which country does the M represent in the MINT acronym for emerging markets?

    • Madagascar
    • Mexico
    • Malaysia
    • Morocco

  3. What main economic characteristic defines an emerging market economy compared to a developed one?

    • High average age
    • Rapid GDP growth
    • Decreasing urbanisation
    • Low population growth

  4. Which term describes moving business operations to an emerging market to reduce labour costs?

    • Reshoring
    • Offshoring
    • Insourcing
    • Franchising

  5. What strategy involves adapting global products to satisfy specific local market preferences?

    • Glocalisation
    • Diversification
    • Market penetration
    • Standardisation

  6. What term describes a business making a direct investment in physical assets in another country?

    • Venture capital
    • Indirect export
    • Portfolio investment
    • Foreign direct investment

  7. Which acronym represents the major emerging market group containing China, India, and Brazil?

    • BRICS
    • PIGS
    • OPEC
    • MINT

  8. Which government policy places a specific tax on goods imported from another country?

    • Quota
    • Embargo
    • Subsidy
    • Tariff

  9. A UK fashion firm starts selling existing lines to expanding middle-class consumers in India.

    • Diversification
    • Market development
    • Product development
    • Market penetration

  10. A UK manufacturer partners with a domestic firm in China to share local market risks.

    • Hostile takeover
    • Licensing agreement
    • Joint venture
    • Strategic alliance

  11. A UK tech firm transfers its customer support services to an external company in India.

    • Outsourcing
    • Vertical integration
    • Merger
    • Reshoring

  12. If the British pound appreciates against the Chinese yuan, what happens to UK import costs?

    • They fall
    • They stay unchanged
    • They double
    • They rise

  13. A UK clothing brand moves manufacturing back from Asia to the UK. What is this?

    • Licensing
    • Reshoring
    • Franchising
    • Offshoring

  14. Rising household disposable income in an emerging market primarily boosts demand for which goods?

    • Basic necessity goods
    • Luxury goods
    • Inferior goods
    • Public goods

  15. Entering an emerging market with weak legal enforcement poses what primary business risk?

    • Intellectual property loss
    • Currency stability
    • Hyperinflation
    • High tax rates

  16. A limit placed on the physical quantity of goods that can be imported is called a:

    • Subsidy
    • Tariff
    • Customs duty
    • Quota

  17. Emerging market firms rapidly acquiring global market share from established Western companies creates:

    • Decreased trade volume
    • Increased competitive threat
    • Falling consumer surplus
    • Natural monopoly

  18. What structural shift in emerging markets drives demand for construction and telecommunications investment?

    • Trade protectionism
    • Declining literacy
    • Rapid urbanisation
    • Currency devaluation

  19. Under the SPICED rule, what happens to UK exports to emerging markets when sterling strengthens?

    • Demand rises
    • Export prices fall
    • Profit margins rise
    • Demand falls

  20. Unexpected political shifts or regulatory changes in a foreign host country represent which risk?

    • Systemic risk
    • Operational risk
    • Political risk
    • Credit risk

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