CBSE Class 12 Geography International Trade MCQ Set 01

Question : Which one of the following is a land-locked harbour?
(a) Vishakhapatnam
(b) Mumbai
(c) Ennor
(d) Haldia

Answer : A

Question : In international trade CIF includes :
(a) Cost
(b) Cost and insurance
(c) Cost and rent
(d) Cost, rent and insurance 

Answer :   D

Question : In International Trade, Full form of NAFTA is ___________ :
(a) National American Free Trade Agreement
(b) North Asian Free Trade Agreement
(c) New Anti-Tariff Free Trade Agreement
(d) North American Free Trade Agreement

Answer :   D

Question : Which document is not required for import:
(a) Shipping builty
(b) Shipping bill
(c) Certificate of origin
(d) Loading information 

Answer :   A

Question:  _______is the oldest International Trade theory :
(a) Country Similarity Theory
(b) Theory of Absolute Cost advantage
(c) Product Life Cycle Theory
(d) Mercantilism Theory

Answer :   D

Question : Most of India’s foreign trade is carried an through
(a) Land and sea
(b) Land and air
(c) Sea and air
(d) Sea

Answer :   C

Question : Trade between two countries is termed as
(a) Internal trade
(c) International trade
(b) External trade
(d) Local trade

Answer :   C

Question : EU stands for _____
(a) Export Union
(b) European Union
(c) EXIM Union
(d) Export Unit

Answer :   B

Question : Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as:
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture 

Answer :   C

Question : The main promoter of trade liberalization was
(a) GATT
(b) NAFTA
(c) CEPTA
(d) CISA

Answer: A

Question : Trade between two countries is termed as
(a) Internal trade
(b) External trade
(c) International trade
(d) Local trade

Answer :   C

Question : The ratio of trade to GDP was as high as _________ in 1913 :
(a) 22 : 1
(b) 11 : 2
(c) 26 : 3
(d) 33 : 2

Answer :    A

Question : In International Trade, IMF stands for ___________ :
(a) International Monetary Fund
(b) International Money Fund
(c) International Market Fund
(d) International Monetary Firm

Answer :    A

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) Contract manufacturing
(b) Franchising
(c) Joint ventures 
(d) Licensing 

Answer :   C

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) Contract manufacturing
(b) Franchising
(c) Joint ventures
(d) Licensing

Answer :   C

Question : What is the value of adverse balance of trade in India in 2011?
(a) X 405,989 crore
(b) X 540,818 crore
(c) X 103,976 crore
(d) X 450,112 crore

Answer :   B

Question :  Is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally :
(a) Bill of Lading
(b) Letter of Credit
(c) Open Account
(d) Drafts

Answer :    B

Question : Which one of the following is not amongst India’s major export item?
(a) Textiles and garments
(b) Franchising
(c) Oil and petroleum products
(d) Basmati rice

Answer :    B

Question : Which one of the following modes of entry brings the firm closer to international markets?
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture

Answer :   C

Question : Which one of the following is not amongst India’s major trading partners?
(a) USA
(b) UK
(c) Germany
(d) New Zealand

Answer :   D

Question :   __________refers to purchase of goods from a foreign country :
(a) Foreign Trade
(b) Export Trade
(c) Import Trade
(d) EXIM Trade

Answer :   C

Question : Foreign trade is an exchange of capital, goods, and services across _________ borders or territories
(a) Intranational
(b) National
(c) International
(d) Both A & C

Answer :   C

Question : Which is the right sequence of stages of Internationalization
(a) Domestic, Transnational, Global, International, Multinational
(b) Domestic, International, Multinational, Global, Transnational
(c) Domestic, Multinational, International, Transnational, Global
(d) Domestic, International, Transnational, Multinational, Global

Answer :   B

Question : What is the cargo handling capacity of Indian ports (million tonnes)?
(a) 100
(b) 300
(c) 500
(d) 700

Answer :   C

Question : Trade between two countries is termed as:
(a) Internal trade
(b) External trade
(c) International trade
(d) Local trade

Answer :   C

Question : Which is not a part of export related documents:
(a) Commercial invoice
(b) Certificate of origin
(c) Entry bill
(d) Mate’s receipt

Answer :   C

Question : What is the trade between two countries called?
(a) Local trade
(b) Internal trade
(c) External trade
(d) International trade

Answer :   C