Refer to CBSE Class 11 Business Studies International Business MCQs Set C provided below available for download in Pdf. The MCQ Questions for Class 11 Business Studies with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Chapter 11 International Business Class 11 MCQ are an important part of exams for Class 11 Business Studies and if practiced properly can help you to improve your understanding and get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Business Studies and also download more latest study material for all subjects
MCQ for Class 11 Business Studies Chapter 11 International Business
Class 11 Business Studies students should refer to the following multiple-choice questions with answers for Chapter 11 International Business in Class 11.
Chapter 11 International Business MCQ Questions Class 11 Business Studies with Answers
Question. A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
(a) Shipping receipt
(b) Mate receipt
(c) Cargo receipt
(d) Charter receipt
Answer: B
Question. Which of the following documents are not required for obtaining an export license?
(a) IEC number
(b) Registration cum membership certificate
(c) Letter of credit
(d) Bank account number
Answer: C
Question. _______ is the first step in the internationalization process.
(a) License
(b) Foreign Investment
(c) Sales
(d) Export
Answer: A
Question. MNC Stands for
(a) Multi-National Cooperation
(b) Multi-National Corporation
(c) Multi-National Company
(d) Multi-National Collaboration
Answer: B
Question. The Theory of Absolute Cost Advantage is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taylor
(d) Ohlin and Heckscher
Answer: B
Question. Which one of the following modes of entry requires a higher level of risks?
(a) Licensing
(b) Contract manufacturing
(c) Franchising
(d) Joint venture
Answer: D
Question. When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as
(a) Franchising
(b) Contract manufacturing
(c) Joint Ventures
(d) Licensing
Answer: C
Question. Merchandise means:
(a) Goods that are intangible
(b) Goods that are tangible
(c) Patents
(d) None of the options
Answer: B
Question. The Theory of Relative Factor Endowments is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taussig
(d) Ohlin and Hecksher
Answer: D
Question. Foreign investments can be:
(a) Direct investment
(b) Portfolio investment
(c) Both of the above
(d) None of the options
Answer: C
Question. Which of the following documents is not required in connection with an import transaction?
(a) Bill of lading
(b) Shipping bill
(c) Certificate of origin
(d) Shipment advice
Answer: C
Question. Capitalistic, communistic and Mixed are the types of
(a) Economic System
(b) Social System
(c) Cultural Attitudes
(d) Political System
Answer: A
Question. Which of the following documents are not required for obtaining an export license?
(a) IEC number
(b) Letter of credit
(c) Registration cum membership certificate
(d) Bank account number
Answer: B
Question. W.T.O is the only organization dealing with the:
(a) Home trade rules
(b) Entrepot trade rules
(c) Global trade rules
(d) None of the options
Answer: C
Question. IBRD (International Bank for Reconstruction and Development) also known as
(a) Exim Bank
(b) World Bank
(c) International Monetary fund
(d) International Bank
Answer: B
Question. Which is not a part of custom documentation process:
(a) Shipping bill
(b) Export license
(c) Insurance letter
(d) Proforma invoice.
Answer: D
Question. TRIP is one of the WTO agreements that deals with:
(a) Agricultural trade
(b) Service trade
(c) Trade related investment measures
(d) None of the options.
Answer: D
Question. WTO stands for
(a) World technology association
(b) World time organization
(c) World trade organization
(d) World tourism organization
Answer: C
Question. Which of the following does not belong to the World Bank group?
(a) IBRD
(b) IDA
(c) MIGA
(d) IMF
Answer: D
Question. Import trade procedure starts with
(a) Obtaining quota
(b) Arranging L.C
(c) Trade enquiry
(d) Placing Indent
Answer: B
Question. Interest payments on loans borrowed abroad are recorded in
(a) Capital Account
(b) Current Accounts
(c) Errors and Omission Section
(d) Official Reserve Account
Answer: B
Question. “It gives birth to a foreign territory within the home country for trading and for imposing duties”. What is referred to in this statement
(a) EPZ
(b) SEZ
(c) Superstar trading houses
(d) Deemed exports
Answer: B
Question. ___________ corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.
(a) Global
(b) International
(c) Transnational
(d) None of the options
Answer: A
Question. Foreign investment can be of two types
(a) Domestic and International investment
(b) Direct and Portfolio
(c) Licencing and Franchising
(d) Direct and Franchising
Answer: B
Question. In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee
(a) Licensing
(b) Contract manufacturing
(c) Joint venture
(d) None of the options
Answer: A
Question. India became member of World Bank in the year:
(a) 1950
(b) 1948
(c) 1945
(d) 1949.
Answer: C
Question. Comparative Cost Trade Theory is given by
(a) Adam Smith
(b) David Ricardo
(c) Gottfried Haberler
(d) Heckscher Ohlin
Answer: B
Question. Which of the following documents is not required in connection with an import transaction?
(a) Certificate of origin
(b) Bill of lading
(c) Shipping bill
(d) Shipment advice
Answer: C
Question. The OECD stands for:
(a) Organization for Economic Co-operation and Development
(b) Organization for Economic Coordination and Development
(c) Organization for Environmental Cooperation and Development
(d) Organization for Environmental Control and Development
Answer: A
Question. Ultimately ………………was replaced by the …………….on 1st Jan 1995
(a) GATS, WTO
(b) WTO, GATT
(c) GATT, WTO
(d) IMF, GATT
Answer: C
Question. Policy formulation comes under which role?
(a) Top-level managers
(b) Middle-level managers
(c) Operational management
(d) All of the options
Answer: A
Question. Which one of the following is not a part of export documents?
(a) Commercial invoice
(b) Certificate of origin
(c) Bill of entry
(d) Mate’s receipt
Answer: C
Question. Which of the following is not an advantage of exporting?
(a) Easier way to enter into international markets
(b) Comparatively lower risks
(c) Limited presence in foreign markets
(d) Less investment requirements
Answer: C
One Marks Questions
Question. Expand FTZ.
Answer: Free Trade Zones
Question. Expand BOL.
Answer: Bill of Lading
Question. What is D.P bill?
Answer: DP inpayment term of imports and exports means Documents against Payments.
Question. Expand UNCTAD.
Answer: United Nations Conference on Trade and Development.
Question. Expand IIFT.
Answer: Indian Institute of Foreign Trade
Question. Expand EOU.
Answer: Export Oriented Units
Question. Expand WTO
Answer: World Trade Organisation
CBSE Class 11 Business Studies Social Responsibilities of Business and Business Ethics MCQs Set A |
CBSE Class 11 Business Studies Social Responsibility MCQs Set A |
CBSE Class 11 Business Studies Social Responsibility MCQs Set B |
MCQs for Chapter 11 International Business Business Studies Class 11
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